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Global Automotive Voice Recognition Market Growth (Status and Outlook) 2019-2024
SKU ID : LPI-13842868 | Publishing Date : 08-Feb-2019 | No. of pages : 116
Voice Recognition is the identification of a person from characteristics of voices. Voice recognition converts speech from a recorded audio signal to text. Humans convert words to speech with their speech production mechanism. An voice recognition aims to infer those original words given the observable signal.
In the recent years, the development of automotive voice recognition market is quite fast due to the fast increase of the amount of global vehicle production.
Nuance is still the largest player in the automotive voice recognition market, occupying market share more than 70%. It sells millions of products to automotive manufacturers and automotive multimedia system supplier.
In fact, the automotive voice recognition system is generally integrated in the automotive multimedia system. Now, more and more automotive voice recognition can recognize several languages to meet drivers’ demand.
Thanks to the fast development of automotive industry, the development of automotive voice recognition market is promising in the next several years, especially in developing regions like China.
According to this study, over the next five years the Automotive Voice Recognition market will register a 3.8% CAGR in terms of revenue, the global market size will reach US$ 220 million by 2024, from US$ 180 million in 2019. In particular, this report presents the global revenue market share of key companies in Automotive Voice Recognition business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Automotive Voice Recognition market by product type, application, key companies and key regions.
This study considers the Automotive Voice Recognition value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Single language recognition
Multilingual Recognition
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Nuance
VoiceBox
Iflytek
Fuetrek
Sensory
AMI
LumenVox
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Automotive Voice Recognition market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Automotive Voice Recognition market by identifying its various subsegments.
Focuses on the key global Automotive Voice Recognition players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Voice Recognition with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Automotive Voice Recognition submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In the recent years, the development of automotive voice recognition market is quite fast due to the fast increase of the amount of global vehicle production.
Nuance is still the largest player in the automotive voice recognition market, occupying market share more than 70%. It sells millions of products to automotive manufacturers and automotive multimedia system supplier.
In fact, the automotive voice recognition system is generally integrated in the automotive multimedia system. Now, more and more automotive voice recognition can recognize several languages to meet drivers’ demand.
Thanks to the fast development of automotive industry, the development of automotive voice recognition market is promising in the next several years, especially in developing regions like China.
According to this study, over the next five years the Automotive Voice Recognition market will register a 3.8% CAGR in terms of revenue, the global market size will reach US$ 220 million by 2024, from US$ 180 million in 2019. In particular, this report presents the global revenue market share of key companies in Automotive Voice Recognition business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Automotive Voice Recognition market by product type, application, key companies and key regions.
This study considers the Automotive Voice Recognition value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Single language recognition
Multilingual Recognition
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Nuance
VoiceBox
Iflytek
Fuetrek
Sensory
AMI
LumenVox
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Automotive Voice Recognition market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Automotive Voice Recognition market by identifying its various subsegments.
Focuses on the key global Automotive Voice Recognition players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Voice Recognition with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Automotive Voice Recognition submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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