Automotive Voice Recognition System Market Worth Nearly $39 Bn by 2027

(Market Prediction via Comtex)

A research study by ARC foresees the Automotive Voice Recognition System market growing at a CAGR around 6% throughout the forecast period and reach around $39 Billion by 2026.

Automotive voice recognition system consists of the monitoring of digital vehicle infotainment devices that includes telecommunications, visual and navigational destination inputs. Voice recognition is a program or a machine’s potential for receiving and implementing instructions. The research is used to develop techniques and methodologies that improve understanding of the voice talked to the machine and provide a particular answer in a variety of fields such as linguistics, electrical engineering and computer science.

Download FREE SAMPLE PDF (Including Full TOC, Table & Figures)@ https://www.acumenresearchandconsulting.com/request-sample/1812

Increased competition for safety features in vehicles, strict regulatory regulations and a dramatic increase in personal safety consciousness are all key driving factors of the market. In addition, customers constantly seek personalization and priority convenience also a key aspect of market growth. Increasingly, vehicles firms are implementing automotive voice recognition systems in cars thanks to the Latest Car Appraisal Program, which provides safety ratings based on vehicle safety results. Only luxury vehicles had a speech recognition feature currently available. Moreover, ever rising automobile production and increasing demand for light and luxury vehicles will improve the voice recognition market in the automotive industry during the forecast phase. In addition, the production of self-sufficient and electric vehicles will increase demand for voice recognition systems for the automotive industry.

Higher acceptance rates from car makers to equip passenger cars with a voice recognition system would increase the demand for the automotive voice recognition system. However, high costs for a high-end voice recovery device are likely to sustain market demand. Besides, this functionality is anticipated to be popular for the car with the rising cost of voice recognition systems over time.

View Full [email protected] https://www.acumenresearchandconsulting.com/automotive-voice-recognition-system-market

Regional Outlook

Europe accounts for a large share of the world voice recognition market in vehicles as a result of the heavy acceptance of voice recognition systems in the automobile industry and growing car production,

Asia Pacific’s automotive voice recognition industry is another leading automotive sector voice recognition industry. Thanks to the growing sales of passenger vehicles, emergent markets, and technical advances the industry has been witnessing fast growth over the last two years. The fact that countries in this region were able to support their economies through the 2008-09 global economic crises also points to an important reason for Asia Pacific growth. They will reflect sustained growth in car manufacturing and sales worldwide. Technology in the Asia-Pacific region has been massively influxed. On the other hand, due to the lack of major market players and the underdeveloped car infrastructure, certain geographies, in the African and the Middle East, have become alienated.

North America held considerable market share due to the presence of major producers of automotive systems that concentrate primarily on key technologies including expansion, launch of products and others. In addition, the need for the use of advanced technology, such as the automobile voice recognition system, is created by considerable time spent on passenger cars. The economy of the region is anticipated to grow at a fast pace thanks to all these factors.

Related Reports

  • Autonomous Forklifts Market – The global market size is expected to reach around US$ 12,162.10 Mn by 2027 and market is growing at a CAGR of 7.14% during the forecast period 2020 to 2027.
  • Automotive Seat Market – The global market is anticipated to grow at a CAGR of around 2.8% during the forecast period 2020 to 2027 and to reach around US$ 78.0 Bn by 2027.
  • Semi & Fully Autonomous Truck Market – The global market size is expected to reach around US$ 88.1 Bn by 2027, growing at a CAGR of 10.1% during the forecast period 2020 to 2027.

About the Market

A voice and speech recognition device is a human-machine interface that takes commands from humans and delivers a detailed information response to a programmed hardware. The key goal of voice recognition in the automotive field is to promote driver / passenger life in the motor vehicle and to build an operating system that is user-friendly so as to execute certain acts by using driver / passenger speech commands, such as open / close doors, on / off headlamp and vehicle signal indicator, etc. Automotive voice recognition system consists of the integrated contact networks for vehicle infotainment systems including telephones, audio equipment and navigation destination inputs. The program for Voice Reconnaissance Markets would allow “hands-free” operations and “eyes-free.”

Key Players & Strategies

Participants include major global players such as Nuance Communications, Inc., Apple Inc., Pareteum Corporation, Microsoft Corporation, Cantab Research Limited, Sensory, Inc., Alphabet Inc., ReadSpeaker Holding B.V., Others.

Big businesses develop state-of – the-art technology and produce new products to keep the industry competitive. Fusion & acquisitions and emerging technology innovations also require strategic approaches. Players working on the market were added to assistants such as Google Assistance, Apple Siri and Microsoft Cortana.

Market Segmentation

Market By Technology

  • Hybrid
  • Embedded

Market By Application

  • Non-AI
  • AI

Market By Vehicle Type

  • Commercial Vehicles
  • Passenger Cars

Market By Geography

(Regional Output, Demand & Forecast by Countries)

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Spain and Rest of Europe)
  • Asia Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific)
  • Latin America (Mexico, Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, South Africa and Rest of MEA).

Customized Requirements? Any Inquiry? Please Email us at [email protected] | Single User License US$ 4500

TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS

CHAPTER 4. AUTOMOTIVE VOICE RECOGNITION SYSTEM MARKET BY TECHNOLOGY

CHAPTER 5. AUTOMOTIVE VOICE RECOGNITION SYSTEM MARKET BY APPLICATION

CHAPTER 6. AUTOMOTIVE VOICE RECOGNITION SYSTEM MARKET BY VEHICLE TYPE

CHAPTER 7. NORTH AMERICA AUTOMOTIVE VOICE RECOGNITION SYSTEM MARKET BY COUNTRY

CHAPTER 8. EUROPE AUTOMOTIVE VOICE RECOGNITION SYSTEM MARKET BY COUNTRY

CHAPTER 9. ASIA-PACIFIC AUTOMOTIVE VOICE RECOGNITION SYSTEM MARKET BY COUNTRY

CHAPTER 10. LATIN AMERICA AUTOMOTIVE VOICE RECOGNITION SYSTEM MARKET BY COUNTRY

CHAPTER 11. MIDDLE EAST & AFRICA AUTOMOTIVE VOICE RECOGNITION SYSTEM MARKET BY COUNTRY

CHAPTER 12. COMPANY PROFILE

CHAPTER 13. RESEARCH APPROACH

The report is readily available and can be dispatched immediately after payment confirmation.

Download Full Study Report, Visit [email protected] https://www.acumenresearchandconsulting.com/buy-now/0/1812

About Acumen Research and Consulting:

Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

Contact Us:

Email: [email protected]

Phone: +14079154157 | +14089009135

Website: https://www.acumenresearchandconsulting.com

Source: http://stakevision.com

Follow Us: LinkedIN | Twitter