Global Voice Recognition Market in Automotive - Industry Insights by Application, Technology & End-User - Forecast by 2024


Posted July 11, 2019 by vynzresearch

Increasing traction towards the connected vehicles and level of autonomous and comprehensive usage of smartphone environment in cars are the major factors driving the global voice recognition market in automotive.

 
Increasing traction towards the connected vehicles and level of autonomous and comprehensive usage of smartphone environment in cars are the major factors driving the global voice recognition market in automotive. Different technology contributed to the voice recognition market size in the automotive industry.

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On the basis of application, the voice recognition market in automotive is subdivided into artificial intelligence and non-artificial intelligence. Of the two applications, non-artificial intelligence segment accounted for the largest share in the market. In addition, artificial intelligence is estimated to grow at the fastest rate in the market due to technological advancement.

On the basis of technology, the market is subdivided into embedded and hybrid. Of the two technologies, the embedded segment is expected to grow at the faster rate in the voice recognition market in automotive due to the increasing traction for connected vehicles, advancement of in-vehicle infotainment systems, the mounting need for innovative comfort and convenience and growth of semi-autonomous and autonomous vehicles.

Comprehensive usage of smartphone environment in cars, incorporation of technology to reinforce centralized function, the mounting need for connected cars and mounting trend of autonomous vehicle driving are the primary growth drivers for voice recognition market in the automotive industry.

Asia-Pacific is observed to witness the highest growth in the voice recognition market in automotive due to the upsurge in production pace of automobiles.

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Key players in the voice recognition market in automotive are catering the demand by collaborating with small players and investing in technologically advanced voice recognition device across the globe.

Nuance, Vocalzoom, Sensory, Apple, Alphabet, and Inago are the key players offering voice recognition systems in the automotive industry.

Source: VynZ Research
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Last Updated July 11, 2019