1 / 6

Voice Recognition Market in Automotive Is Expected To Grow At a 20.18% CAGR Duri

During the forecast period 2021-2027, Asia Pacific is anticipated to be the fastest-growing market for automotive voice recognition systems owing to the increased growth in automobile production and the huge adoption of innovative technology in automotive electronics. Moreover, the presence of industry players in the automobile and technology for automobiles will lead to strategic partnerships and innovations to develop products that will propel the market share for the voice recognition market for automotive in the region.

vynzresearch2researchindustry
Download Presentation

Voice Recognition Market in Automotive Is Expected To Grow At a 20.18% CAGR Duri

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Global Voice Recognition Market in Automotive

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Voice Recognition Market in Automotive The global voice recognition market in automotive is expected to grow at a 20.18% CAGR during 2021-2027. Factors attributing to the growth of the market include rising demand for autonomous vehicles, integration of electronics functions in the central consoled of the cars by OEMs, rising demand for connected vehicles. Furthermore., the rising disposable income allowed consumers to spend on comfort and luxury cars, advancement in infotainment and technology services to offer safety and comfort to the driver will accelerate the growth of the voice recognition market in automotive. Also, the cloud-based voice recognition system, rising internet penetration, and enhanced internet connectivity and speed along with technologies like 4G and 5G will drive the growth of the voice recognition market in automotive.

  4. Global Voice Recognition Market in Automotive With the adoption of improved acoustics in the vehicle, there will be less noise inside the vehicle cabin, thus offering a better experience to the consumer as no unwanted voice will mix with the user voice and the VR system will be able to produce good results in a short span of time. The voice recognition market is a part of the biometric system and the biometric industry is suffering from huge losses during the COVID-19 pandemic. There is a decline in demand owing slowed down of commercial operation and remote culture coming into place. Based on fuel type, battery electric vehicles (BEV) are projected to be the fastest-growing market in the fuel type segment owing to the growth in the production and manufacturing of electric vehicles.

  5. Global Voice Recognition Market in Automotive During the forecast period 2021-2027, Asia Pacific is anticipated to be the fastest-growing market for automotive voice recognition systems owing to the increased growth in automobile production and the huge adoption of innovative technology in automotive electronics. Moreover, the presence of industry players in the automobile and technology for automobiles will lead to strategic partnerships and innovations to develop products that will propel the market share for the voice recognition market for automotive in the region. The industry players in the voice recognition market for automotive include Nuance, Vocalzoom, Sensory, Apple, Alphabet, Inago, LumenVox, Microsoft, Daimer AG, and Ford Motor Company.

  6. For Sample Report :- https://www.vynzresearch.com/automotive-transportation/voice-recognition-market-in-automotive/request-sample www.vynzresearch.com

More Related