The global Sound Recognition Market is projected to reach USD 4.42 billion by 2025 and projected to register 75.8 % CAGR over the forecast period, from 2019 to 2025 according to Million Insights. Sound recognition operates on low-cost microcontrollers that resulted in the energy-efficient product thereby offering an economical solution. It is very flexible as it can recognize various sounds and allows users to add their sound event classifier; thereby offering customization of the sound event. Hence, low cost and high flexibility factors are expected to drive the market growth.
Reality AI, OtoSense, Wavio, Audio Analytic Ltd., and abilisense
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Market Synopsis of Sound Recognition Market:
This technology is used for several purposes including speech recognition and music recognition, among others. Increasing usage of this technology in smart safety solutions and for monitoring and surveillance system to automatic alarm detection is expected to further fuel the market growth. In addition, the rising adoption of advanced technologies such as machine learning, Artificial Intelligence (AI), and Internet of Things (IoT) are projected to drive the market growth over the forecast period.
The AI-based sound recognition system is projected to grow with the highest CAGR from 2019 to 2025. This growth is attributed to the rising focus of market players in developing technologically advanced products for better customer experience. Among applications, the automotive segment is expected to witness significant growth over the forecast period. This growth is attributed to the rising application of sound recognition systems in autonomous cars to detect sounds inside and outside the car to improve safety.
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Sound Recognition: Market Variables, Trends & Scope
Chapter 4 Sound Recognition: Product Estimates & Trend Analysis
Chapter 5 Sound Recognition: Application Estimates & Trend Analysis
Chapter 6 Sound Recognition: End-use Estimates & Trend Analysis
Chapter 7 Sound Recognition: Industrial End-use Estimates & Trend Analysis
Chapter 8 Sound Recognition: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Sound Recognition: Manufacturers Company Profiles
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