Automotive Voice Recognition System Market: Trends, Forecast and Competitive Analysis

Publisher: Lucintel
Publication Date: May, 2020
Transportation / Automotive Electronics
Pages: 150+
Delivery Format: PDF

Trends, opportunities and forecast in automotive voice recognition system market to 2024 by application (AI, and non-AI), technology (embedded, and hybrid), end-use (passenger car, light commercial vehicles, and electric vehicles), and region (North America, Europe, Asia-Pacific, and the Rest of the World).

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The future of the voice recognition system market looks promising with opportunities in the passenger car, light commercial vehicle, and electric vehicle markets. The automotive voice recognition sys

tem market is expected to grow with a CAGR of 19% from 2019 to 2024. The major drivers for this market are growing demand of connected and autonomous cars, increasing use of smartphone-enabled functions, and increasing demand for data-driven services within the vehicles.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of voice recognition system market report download the report brochure.

Automotive Voice Recognition System Market by Segment Type

Global Automotive Voice Recognition System Market

Automotive Voice Recognition System Market Share Analysis of Major Manufacturers

The study includes the voice recognition system market size and forecast for the voice recognition system market through 2024, segmented by technology, by application, by end-use, and by region as follows:

By Technology [$M shipment analysis for 2013 – 2024]:

Embedded
Hybrid

By Application [$M shipment analysis for 2013 – 2024]:

AI
Non-AI

By End Use [$M shipment analysis for 2013 – 2024]:

Passenger cars
- Small cars
- Compact cars
- Mid-Sized cars
- Luxury cars
- SUVs & Crossovers
Light Commercial vehicles
Electric Vehicles

By Region [$M shipment analysis for 2013 – 2024]:

North America
- United States
- Canada
- Mexico
Europe
- Germany
- UK
- Italy
Asia Pacific
- China
- Japan
- India
Rest of the World
- Brazil
- Turkey

Some of the voice recognition system companies profiled in this report include Agnitio, Amazon, Apple, Anhui USTC IFlytek; Baidu, Bio Trust ID, Castle OS Software, Facebook, Google; International Business Machines Corporation, JStar, Lumen ox, M2SYSLLC; Microsoft Corporation, MModal, Nortek Holdings, Nuance Communications, Raytheon Company, SemVox, Sensory, Valid Soft U.K. Limited; Voice Box Technologies Corporation, and Voice Vault, and others.

Some of the features of this report:

Market size estimates: Automotive voice recognition system market size estimation in terms of value ($M) shipment.
Trend and forecast analysis:Market trend (2013-2018) and forecast (2019-2024) by application, and end use industry.
Segmentation analysis: Market size by technology, by application, by end-use, and by region.
Regional analysis: Automotive voice recognition system market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions for voice recognition system in the automotive voice recognition system market.
Strategic analysis:This includes M&A, new product development, and competitive landscape for, voice recognition system in the automotive voice recognition system market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the automotive voice recognition system market by application (AI, non-AI), by technology (embedded, hybrid), by end-user (passenger car, light commercial vehicles, and electric vehicles), and by region (North America, Europe, Asia-Pacific, ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the automotive voice recognition system market?
Q.5 What are the business risks and threats to the automotive voice recognition system market?
Q.6 What are emerging trends in this voice recognition system market and the reasons behind them?
Q.7 What are some changing demands of customers in the automotive voice recognition system market?
Q.8 What are the new developments in the automotive voice recognition system market? Which companies are leading these developments?
Q.9 Who are the major players in this automotive voice recognition system market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this voice recognition system area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this, automotive voice recognition system market?

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Automotive Voice Recognition System Market: Trends, Forecast and Competitive Analysis

The future of the voice recognition system market looks promising with opportunities in the passenger car, light commercial vehicle, and electric vehicle markets. The automotive voice recognition sys

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