Market Research Future (MRFR), in its latest report on the voice recognition system market 2020, shed light on different elements of the market. An in-depth evaluation of the influence of COVID 19 outbreak on the voice recognition system automotive is also provide with the report. As per MRFR evaluation, the voice recognition system market is likely to rise exponentially over the assessment period. The increase in the adoption of integrated assistant VR systems is noted as one of the major key factors that can propel the market growth in the coming years. The growing need for safety features in vehicles and rise in the implementation of strict government norms can boost the expansion of the voice recognition system market through the study period. In addition, the availability of the personalized feature in voice recognition system is also expected to promote the rise of the market across the study period.
Daimler (Germany), Harman (US), Nuance (US), Alphabet (US), Microsoft (US), BMW (Germany), Apple (US), and Ford (US) are some reputed suppliers of Voice Recognition System as listed by MRFR.
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Market Segmentation
The segment evaluation of the voice recognition system market is based on application, technology, and vehicle type.
The technology based segment of the voice recognition system market are embedded and hybrid. The hybrid technology driven voice recognition system market can thrive at the highest CAGR across the analysis period in the years to come.
The application based segment of the voice recognition system market are AI and Non-AI. The high inclination of people towards AI voice recognition system can generate considerable annual turnover for the global market across the analysis period.
The vehicle type based segment of the voice recognition system market are passenger vehicle and commercial vehicle. The surge in the installation of voice recognition system in passenger vehicle can boost the expansion of the market.
Regional Analysis
The global voice recognition for automotive systems market trends are analysed across EU, APAC, North America, and MEA. The increase in the need for automobiles, majorly in the US can underpin the expansion of the voice recognition for automotive systems in the North America region. The high demand for commercial vehicles in Mexico and Canada can impel the expansion of the voice recognition system in the region. The high installation of Voice Recognition System in commercial vehicles can also bolster the rise of the regional market. The presence of different automotive system producers and the growing focus of key players on mergers & acquisition, expansion, product launch and others can bolster the expansion of the voice recognition market through the study period.
In Asia Pacific, the expansion of the voice recognition system can be attributed to the rise in its popularity across the regional automobile sector. The growing number of start-ups dealing in voice recognition solutions and the booming automotive market are observed as chief drivers for the regional market. The market is anticipated to experiencing rapid surge owing to high passenger cars sales, strengthening of economy, and technological advancements. The constant sales and manufacturing of vehicles can bolster the expansion of the voice recognition system market through the review period. The increase in purchasing power of the Asia Pacific population and the easy availability of voice recognition components in the market can also support the expansion of the market. In Europe, the significant influx of technology, presence of major marketers, players, and existence of underdeveloped automotive infrastructure can result in the expansion of the regional voice recognition system market in the years ahead.
Scope of Report
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. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, 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.
Intended Audience:
- Distributer & Supplier companies
- End Users
- Consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
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Table Of Contents
1 Introduction
1.1 Definition
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Vehicle Typeology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitor’s
4.1.4 Threat Of New Entrants
Continued………
List Of Tables
TABLE 9 EUROPE VOICE RECOGNITION FOR AUTOMOTIVE, BY DRIVE TYPE 2011-2027, (MILLION)
TABLE 10 EUROPE VOICE RECOGNITION FOR AUTOMOTIVE, BY DRIVE TYPE 2011-2027, (MILLION)
TABLE 11 MIDDLE EAST VOICE RECOGNITION FOR AUTOMOTIVE, BY DRIVE TYPE 2011-2027, (MILLION)
TABLE 12 AFRICA VOICE RECOGNITION FOR AUTOMOTIVE, BY DRIVE TYPE, 2011-2027, (MILLION)
TABLE 13 EUROPE VOICE RECOGNITION FOR AUTOMOTIVE 2011-2027, ($MILLION)
TABLE 14 EUROPE VOICE RECOGNITION FOR AUTOMOTIVE, BY COUNTRY 2011-2027, ($MILLION)
Continued……..
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