The global voice recognition market in the automotive market is expected to witness a CAGR of 20.18% during the forecast period. Factors contributing to the growth of voice recognition in the automotive market include rising number of automobile production and sales, rising income of consumers across the world that allows them to spend on comfort and luxury services, development of infotainment and technology services to offer safety and comfort to drivers, the growing influence of e-commerce in the automotive industry, and growing popularity of automotive voice techniques globally.

Furthermore, the increasing traction towards autonomous vehicles, integration of various electronic functions in the central console of the cars by OEMs, rising demand for connected vehicles, strict government regulations, However, poor software usage, dual voice, limited use of keywords, vocabulary, and grammar is anticipated to hamper the growth of the voice recognition in the automotive industry. Nevertheless, motorcycle intelligent biometric voice recognition characteristic is projected to have lucrative opportunities for the growth of the market during the forecast period.

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The COVID-19 pandemic is anticipated to have an adverse effect on the automotive as various countries are facing cash flow problems and low liquidity. However, after the reopening of economic activities in various countries and robust vaccination drive, the voice recognition market in automotive is anticipated to have a steady growth.

Browse 78 market data Tables and 47 Figures spread through 247 Pages and in-depth TOC on Voice Recognition Market in Automotive by Application (Artificial Intelligence and Non-Artificial Intelligence), by Technology (Embedded and Hybrid), by End User (Economy Vehicles, Luxury Vehicles and Mid-Price Vehicles), by Fuel Type (Battery Electric Vehicle, Internal Combustion Engine and Others), by Level of Autonomous Driving (Autonomous, Semi-Autonomous and Conventional), and by Vehicles (Passenger Vehicles (PVs) and Commercial Vehicles (CVs)), and Region - Global Forecast to 2027"

By technology, the embedded technology is projected to witness the highest CAGR during the forecast period.

Based on technology, the voice recognition market in the automotive industry is divided into embedded and hybrid. The embedded technology is anticipated to be the profitable segment during the forecast period as it provides a comfortable experience of the car cabin, guarantee of car control to the driver, and vehicle parking, thus bolstering the growth of the embedded segment during the forecast period.

Source: VynZ Research