Automotive Voice Recognition System Market is Surpass US$ 39 Bn By 2027

The global Automotive Voice Recognition System Market Size is anticipated to around USD 39 Bn by 2027 and the market is anticipated to grow with 21% CAGR during the forecast time period. The report has highlights of global key players present in this market. Top global players are analyzed completely along with their financials, technological innovations, key developments, apart from future strategies, SWOT analysis, acquisitions & mergers, and market footprint.

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.

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.

Get Free Report Sample Pages for Better Understanding@ https://www.acumenresearchandconsulting.com/request-sample/1812

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.

The global Automotive Voice Recognition System market is segmented as below:

Market Segmentation

Automotive Voice Recognition System Market By Technology

Hybrid
Embedded

Automotive Voice Recognition System Market By Application

Non-AI

Automotive Voice Recognition System Market By Vehicle Type

Commercial Vehicles
Passenger Cars

Automotive Voice Recognition System Market By Geography

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Rest of Europe

Asia-Pacific

China
Japan
India
Australia
South Korea
Rest of Asia-Pacific

Latin America

Mexico
Brazil
Rest of Latin America

Middle East & Africa

GCC
South Africa
Rest of MEA

TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Automotive Voice Recognition System
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Automotive Voice Recognition System Market By Technology
1.2.2.1. Global Automotive Voice Recognition System Market Revenue and Growth Rate Comparison By Technology (2015-2026)
1.2.2.2. Global Automotive Voice Recognition System Market Revenue Share By Technology in 2018
1.2.2.3. Hybrid
1.2.2.4. Embedded
1.2.3. Automotive Voice Recognition System Market By Application
1.2.3.1. Global Automotive Voice Recognition System Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.3.2. Non-AI
1.2.3.3. AI
1.2.4. Automotive Voice Recognition System Market By Vehicle Type
1.2.4.1. Global Automotive Voice Recognition System Market Revenue and Growth Rate Comparison By Vehicle Type (2015-2026)
1.2.4.2. Commercial Vehicles
1.2.4.3. Passenger Cars
1.2.5. Automotive Voice Recognition System Market By Geography
1.2.5.1. Global Automotive Voice Recognition System Market Revenue and Growth Rate Comparison By Geography (2015-2026)
1.2.5.2. North America Automotive Voice Recognition System Market Revenue and Growth Rate(2015-2026)
1.2.5.3. Europe Automotive Voice Recognition System Market Revenue and Growth Rate(2015-2026)
1.2.5.4. Asia-Pacific Automotive Voice Recognition System Market Revenue and Growth Rate(2015-2026)
1.2.5.5. Latin America Automotive Voice Recognition System Market Revenue and Growth Rate(2015-2026)
1.2.5.6. Middle East and Africa (MEA) Automotive Voice Recognition System Market Revenue and Growth Rate(2015-2026)
CHAPTER 2. MARKET DYNAMICSAND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Automotive Voice Recognition System Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Automotive Voice Recognition System Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Automotive Voice Recognition System Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Automotive Voice Recognition System Major Manufacturers in 2018
CHAPTER 4. AUTOMOTIVE VOICE RECOGNITION SYSTEM MARKET BY TECHNOLOGY
4.1. Global Automotive Voice Recognition System Revenue By Technology
4.2. Hybrid
4.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.3. Embedded
4.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
CHAPTER 5. AUTOMOTIVE VOICE RECOGNITION SYSTEM MARKET BY APPLICATION
5.1. Global Automotive Voice Recognition System Revenue By Application
5.2. Non-AI
5.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.3. AI
5.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
CHAPTER 6. AUTOMOTIVE VOICE RECOGNITION SYSTEM MARKET BY VEHICLE TYPE
6.1. Global Automotive Voice Recognition System Revenue By Vehicle Type
6.2. Commercial Vehicles
6.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.3. Passenger Cars
6.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
CHAPTER 7. NORTH AMERICA AUTOMOTIVE VOICE RECOGNITION SYSTEM MARKET BY COUNTRY
7.1. North America Automotive Voice Recognition System Market Revenue and Growth Rate, 2015 – 2026 ($Million)
7.2. North America Automotive Voice Recognition System Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Automotive Voice Recognition System Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.3.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.4.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
CHAPTER 8. EUROPE AUTOMOTIVE VOICE RECOGNITION SYSTEM MARKET BY COUNTRY
8.1. Europe Automotive Voice Recognition System Market Revenue and Growth Rate, 2015 – 2026 ($Million)
8.2. Europe Automotive Voice Recognition System Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.3.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.4.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.5.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.6.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.7.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
CHAPTER 9. ASIA-PACIFIC AUTOMOTIVE VOICE RECOGNITION SYSTEM MARKET BY COUNTRY
9.1. Asia-Pacific Automotive Voice Recognition System Market Revenue and Growth Rate, 2015 – 2026 ($Million)
9.2. Asia-Pacific Automotive Voice Recognition System Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.3.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.4.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.5.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
9.6.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.6.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
9.7.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.7.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
9.8.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.8.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
CHAPTER 10. LATIN AMERICA AUTOMOTIVE VOICE RECOGNITION SYSTEM MARKET BY COUNTRY
10.1. Latin America Automotive Voice Recognition System Market Revenue and Growth Rate, 2015 – 2026 ($Million)
10.2. Latin America Automotive Voice Recognition System Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.3.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.4.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.5.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA AUTOMOTIVE VOICE RECOGNITION SYSTEM MARKET BY COUNTRY
11.1. Middle East & Africa Automotive Voice Recognition System Market Revenue and Growth Rate, 2015 – 2026 ($Million)
11.2. Middle East & Africa Automotive Voice Recognition System Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
11.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
11.3.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
11.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
11.4.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
11.5. Rest of Middle East & Africa
11.5.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
11.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
11.5.3. Market Revenue and Forecast By Vehicle Type, 2015 – 2026 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. Nuance Communications, Inc.
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Type Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Apple Inc.
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Type Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Pareteum Corporation
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Type Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Microsoft Corporation
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Type Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Cantab Research Limited
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Type Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Sensory, Inc.
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Type Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Alphabet Inc.
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Type Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. ReadSpeaker Holding B.V.
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Type Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. Others
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Type Portfolio
12.9.5. Key Developments
12.9.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope

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

Buy this premium research report@ 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:

Saurabh S.

Phone: +14079154157 | +14089009135

Email: saurabh@acumenresearchandconsulting.com
Website: https://www.acumenresearchandconsulting.com
Follow Us: LinkedIN| Twitter