Downstream demand is growing, and the AI ??voice recognition market space is steadily improving. In the past five years, the demand for AI voice in China has gradually exploded. Products and services mainly include smart speakers, smart vehicles, smart hardware, and consumer and Internet value-added services.

However, including current consumer-oriented products and services, speech recognition-related applications and usage scenarios still have limitations.

In the future, as product suppliers and developers work together to build an industrial ecosystem, speech recognition technology will be better integrated with other voice interaction technologies and software functions to provide consumers with a better experience. In the future, AI voice

The recognition market will usher in broad development space.

In 2020, China's smart voice market reached 11.396 billion yuan, a year-on-year increase of 19.2%. It is expected that China's smart voice market will further grow in 2026, reaching 32.688 billion yuan.

Artificial intelligence has risen to a national strategic status, and policies have promoted the accelerated development of the AI ??speech recognition industry. The level of artificial intelligence development reflects the highest scientific and technological level of each country to a certain extent.

Considering the importance of the development of artificial intelligence to national economic development, the Chinese government has promulgated a number of national-level development policies for the artificial intelligence industry. Since 2017, the artificial intelligence industry has been included in the "National Government Work Report" for three consecutive years.

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Specific support policies include project development funds, talent introduction policies and other national support policies.

At present, speech recognition technology is one of the most mature technologies in China's AI field. With the strong support of national policies, it is expected to accelerate its penetration and layout in vertical industries in the future.

——For more data, please refer to the "China Artificial Intelligence Industry Market Foresight and Investment Strategic Planning Analysis Report" released by the Forward-looking Industry Research Institute.