Global Automotive Voice Recognition Market Size, Status and Forecast 2020-2026

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.
Market Analysis and Insights: Global Automotive Voice Recognition Market
In 2019, the global Automotive Voice Recognition market size was US$ 191.1 million and it is expected to reach US$ 250.5 million by the end of 2026, with a CAGR of 3.9% during 2021-2026.
Global Automotive Voice Recognition Scope and Market Size
Automotive Voice Recognition market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Voice Recognition market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Automotive Voice Recognition market is segmented into Single language recognition, Multilingual Recognition, etc.
Segment by Application, the Automotive Voice Recognition market is segmented into Passenger Vehicle, Commercial Vehicle, etc.
Regional and Country-level Analysis
The Automotive Voice Recognition market is analysed and market size information is provided by regions (countries).
The key regions covered in the Automotive Voice Recognition market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.

Competitive Landscape

and Automotive Voice Recognition Market Share Analysis
Automotive Voice Recognition market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Automotive Voice Recognition business, the date to enter into the Automotive Voice Recognition market, Automotive Voice Recognition product introduction, recent developments, etc.
The major vendors include Nuance, VoiceBox, Iflytek, Fuetrek, Sensory, AMI, LumenVox, etc.

This report focuses on the global Automotive Voice Recognition status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive Voice Recognition development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

The key players covered in this study


Nuance
VoiceBox
Iflytek
Fuetrek
Sensory
AMI
LumenVox
...

Market segment by Type, the product can be split into


Single language recognition
Multilingual Recognition

Market segment by Application, split into


Passenger Vehicle
Commercial Vehicle

Market segment by Regions/Countries, this report covers


North America
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:


To analyze global Automotive Voice Recognition status, future forecast, growth opportunity, key market and key players.
To present the Automotive Voice Recognition development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.

In this study, the years considered to estimate the market size of Automotive Voice Recognition are as follows:
History Year: 2015-2019

Base Year:

2019

Estimated Year:

2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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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