Sound Recognition Market Share, Size & Trends 2031

Segments - Sound Recognition Market by Applications (Safety & Security, Smart Home, Automotive, Healthcare & Fitness, and Others), Devices (Connected Cars, Hearables, Tablets, Smartphones, Smart Home Devices, Smart Speakers, and Smart Wristbands), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

Sound Recognition Market Outlook 2031

The global sound recognition market size was USD 17.17 Billion in 2022 and is anticipated to reach USD 59.93 Billion by 2031 register a considerable CAGR 14.9% during the forecast period, 2023-2031. The growth of the market is attributed to the adoption of the emerging technology for sound system.

Sound recognition is a technology that uses both standard pattern recognition theories and methods of audio signal analysis. Preliminary data processing, classification techniques, and feature extraction are included in sound recognition technology. Feature vectors can be classified using sound recognition while preliminary data processing and linear predictive coding are used to produce feature vectors.

This technology has various applications such as music recognition, speech recognition, and others. The COVID-19 pandemic outbreak has a positive impact as the demand for smart appliances and devices has increased with change in trend in the industry for work from home profiles.

Sound Recognition Market Trends, Drivers, Restraints, and Opportunities

Increasing penetration of speech and sound recognition technology in smart appliances is one of the key factors driving the market growth.
Rising demand for high-level voice biometric security is expected to boost the market growth in the coming years.
Requirement for huge investment in technology development keeps the small players out of the competition is likely to hinder the market growth during the forecast period.
Lack of accuracy and misinterpretation in results as the technology is still in the progressive stage. This is anticipated to hamper the market expansion during the projected timeline.
Creation of more personalized experience for users is projected to create a significant growth opportunity for the market in the near future.

Scope of The Sound Recognition Market Report

The report on the global sound recognition market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Sound Recognition Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Applications (Safety & Security, Smart Home, Automotive, Healthcare & Fitness, and Others) and Devices (Connected Cars, Hearables, Tablets, Smartphones, Smart Home Devices, Smart Speakers, and Smart Wristbands)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Audio Analytic Ltd.; Wavio Inc.; Abilisense; Reality AI; and OtoSense, Inc.

Sound Recognition Market Segment Insights

Smart home segment is expected to grow at a rapid pace

Based on applications, the global sound recognition market is divided into safety & security, smart home, automotive, healthcare & fitness, and others. The smart home segment is expected to grow at a rapid pace during the forecast period attributed to the increase in preference for converting end-users connected home into an intelligent home.

However, the healthcare & fitness segment is anticipated to hold a key share of the market in the coming years due to an increasing number of product developments by the key market players.

Adoption for portable devices to drive smartphones segment

On the basis of devices, the market is segregated into connected cars, hearables, tablets, smartphones, smart home devices, smart speakers, and smart wristbands. The smartphones segment is projected to expand at a considerable CAGR during the forecast period owing to the adoption for portable devices.

On the other hand, the smart speaker segment is anticipated to account for a major market share during the forecast period attributed to the rapid adoption of the technology integrated with smart assistants such as Cortona, Siri, and others.

North America is anticipated to constitute a key market share

In terms of regions, the global sound recognition market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to the vendors in the region focused on development for breakthrough technologies.

However, the Asia Pacific market is anticipated to expand at a rapid pace during the forecast period due to the rise in adoption for emerging technologies by key players in the region.

Segments

The global sound recognition market has been segmented on the basis of

Applications

Safety & Security
Smart Home
Automotive
Healthcare & Fitness
Others

Devices

Connected Cars
Hearables
Tablets
Smartphones
Smart Home Devices
Smart Speakers
Smart Wristbands

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Audio Analytic Ltd.
Wavio Inc.
Abilisense
Reality AI
OtoSense, Inc.

Competitive Landscape

Key players competing in the global sound recognition market are Audio Analytic Ltd.; Wavio Inc.; Abilisense; Reality AI; and OtoSense, Inc. As part of their efforts to grow their client base and acquire a competitive advantage over competitors, manufacturers operating in the market are adopting various strategic initiatives such as partnerships, collaborations, mergers & acquisitions, and new product development.

Sound Recognition Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sound Recognition Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Sound Recognition Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Sound Recognition Market - Supply Chain
  4.5. Global Sound Recognition Market Forecast
     4.5.1. Sound Recognition Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Sound Recognition Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Sound Recognition Market Absolute $ Opportunity
5. Global Sound Recognition Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Sound Recognition Market Size and Volume Forecast by Applications
     5.3.1. Safety & Security Smart Home Automotive Healthcare & Fitness Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Sound Recognition Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Sound Recognition Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Sound Recognition Demand Share Forecast, 2019-2026
7. North America Sound Recognition Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Sound Recognition Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Sound Recognition Market Size and Volume Forecast by Applications
     7.4.1. Safety & Security Smart Home Automotive Healthcare & Fitness Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Sound Recognition Demand Share Forecast, 2019-2026
8. Latin America Sound Recognition Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Sound Recognition Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Sound Recognition Market Size and Volume Forecast by Applications
     8.4.1. Safety & Security Smart Home Automotive Healthcare & Fitness Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Sound Recognition Demand Share Forecast, 2019-2026
9. Europe Sound Recognition Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Sound Recognition Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Sound Recognition Market Size and Volume Forecast by Applications
     9.4.1. Safety & Security Smart Home Automotive Healthcare & Fitness Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Sound Recognition Demand Share Forecast, 2019-2026
10. Asia Pacific Sound Recognition Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Sound Recognition Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Sound Recognition Market Size and Volume Forecast by Applications
     10.4.1. Safety & Security Smart Home Automotive Healthcare & Fitness Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Sound Recognition Demand Share Forecast, 2019-2026
11. Middle East & Africa Sound Recognition Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Sound Recognition Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Sound Recognition Market Size and Volume Forecast by Applications
     11.4.1. Safety & Security Smart Home Automotive Healthcare & Fitness Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Sound Recognition Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Sound Recognition Market: Market Share Analysis
  12.2. Sound Recognition Distributors and Customers
  12.3. Sound Recognition Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Audio Analytic Ltd. Wavio Inc. Abilisense Reality AI OtoSense, Inc.