North America to Dominate In Flight Voice Recognition Market During Forecast Period
Technological advancements leading to automation in aviation
industry are expected to drive global in flight voice recognition market
According to
TechSci Research report, “Global In Flight Voice Recognition Market By Technology, By
Aircraft Type, By Application, By Region, Forecast & Opportunities, 2024”, the global in flight voice
recognition market is projected to witness
an impressive CAGR of around 20% during the forecast period owing to the increasing
government investments in development of advanced aviation technologies
especially in the developing countries. However, low-reliability rate for
commercial aviation can hamper the growth of market during forecast period.
The global
in flight voice recognition market is segmented based on technology, aircraft
type, application, company and region. Based on technology, the market can be
bifurcated into voice recognition and speech recognition. The voice recognition
segment is expected to witness significant growth during forecast period since
the technology is expected to be commercially adopted once it gets certified by
local aviation authorities.
Rockwell Collins,
Honeywell International Inc., Raytheon Company, IBM Corporation, Air Force
Research Laboratory-Wright-Patterson Air Force Base, SRI International, Airbus
Americas Inc., SRI International, Inc., Thales USA Inc, VoiceFlight Systems LLC
and
others are some of the leading players operating in global in flight voice
recognition market. The companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share.
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“North America is
expected to dominate the market for in flight voice recognition during the
forecast period, owing to the presence of established aviation
industries in the regions coupled with the availability of constant government funding
for research and development projects. Additionally, the developed IT & telecom industry
in the region is further anticipated to propel the growth of market through
2024.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Global In Flight Voice Recognition Market By
Technology, By Aircraft Type, By Application, By Region, Forecast &
Opportunities, 2024” has evaluated
the future growth potential of global in flight voice recognition market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers to take sound investment decisions. Besides, the
report also identifies and analyzes the emerging trends along with essential
drivers, challenges and opportunities in global in flight voice recognition market.
Contact
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