Global Voice Recognition System Market For Automotive information segmented by Vehicle Type (Passenger Vehicle and Commercial Vehicle) Technology (Embedded and Hybrid), Application (AI and Non-AI) and by Regions – Global Forecast To 2023.
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The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
The report for Global Voice Recognition System Market For Automotive of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.
Voice Recognition System Market For Automotive Highlights:
The evolution of VR systems to integrated assistant systems is a key factor that is expected to aid in this market growth over the coming years. Increasing demand for safety features in automobiles, stringent government norms and rapidly rising safety awareness among individuals are some of the factors, primarily, driving the voice recognition system market for automotive.
Hyundai Motor Group and Baidu, Chinese internet service giant announced a partnership to strengthen cooperation on next-generation connected car technologies. A key area of the partnership will be voice recognition services based on Baidu’s natural language processing technology coupled with Hyundai’s proprietary noise cancellation technology.
However, developments in the voice recognition technology have led to the innovation of noise blocking sonic curtain which addresses the issue of voice command misinterpretation and is expected to drive the market in the coming years. Regulatory guidelines mandating voice recognition in light vehicles is a crucial driver of the market.
Voice Recognition System Market For Automotive Key Players Analyzed In Report:
Nuance (US), Alphabet (US), Apple (US), Daimler (Germany), Microsoft (US), Harman (US), BMW (Germany), and Ford (US).
Voice Recognition System Market For Automotive Regional Analysis:
The key markets of the global automotive voice recognition market include North America, Europe, Asia Pacific, and the Middle East & Africa.
The growth of the North America region is due to the presence of major automotive system manufacturers, which are mainly focusing on key developments such as expansion, mergers & acquisition, product launch and others. The presence of major automotive manufacturers along with the adoption of advanced technologies also support the growth of the market in the region.
Asia Pacific market for voice recognition for automotive is one of the other leading markets in voice recognition for the automotive market. The market has been experiencing rapid growth in the last two years owing to the rising sales of passenger cars, emerging economies, shifting of global players and technological advancements. The influx of technology in the region has also been a driver of the market growth. The lack of automotive players and poor automotive infrastructure in the Middle East & Africa market region is responsible for the limited growth of the market in the region.
Voice Recognition System Market For Automotive Segments:
The global automotive voice recognition market has been segmented based on technology, application, and vehicle type. By technology, the market has been segmented into embedded and hybrid. By application, the market has been segmented into AI and non-AI. By vehicle type, the market has been segmented into passenger vehicle and commercial vehicle.
Major Points from Table of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Driver
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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