Backed by growing demand for connected vehicles, the global automotive voice recognition system market is projected to grow at a CAGR of around 20% and reach $ 34 billion by 2024. With continuous innovation in automotive technologies due to huge investment in research and development activities by OEMs and auto-tech companies, the adoption of voice recognition systems is expected to grow during the forecast period.

Based on vehicle type, the ICE segment is expected to remain the largest segment through 2024, however, the BEV segment is expected to witness the fastest growth in the coming years. Global automotive voice recognition system market is further categorized into end user segments - Economy Vehicles, Mid-Price Vehicles and Luxury Vehicles. Among these, mid-size vehicle segment accounts for majority of the market share as most of the vehicles equipped with voice recognition systems fall into mid-price category of $ 30,000 to $ 60,000. Moreover, integration of new technologies and rise in demand for enhanced comfort & convenience features is expected to continue driving the automotive voice recognition system market.

Globally, automotive voice recognition system market is gaining traction and expanding to various regions including Asia-Pacific, North America, Europe, South America and Middle East & Africa. North America is anticipated to continue its dominance in the global automotive voice recognition system market during the forecast period, owing to rising demand for connected vehicle in the US and Canada. Major players operating in the global automotive voice recognition market include Nuance Communications, Sound Hound, Harman, Inago, Vocalzoom, among others.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020-2024

Objective of the Study:

·         To assess the demand-supply scenario of automotive voice recognition system which covers production, demand and supply of automotive voice recognition systems, globally.

·         To analyze and forecast the market size of automotive voice recognition system market, globally.

·         To classify and forecast global automotive voice recognition system based on vehicle type, end-user and regional distribution.

·         To identify drivers and challenges for global automotive voice recognition system market.

·         To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global automotive voice recognition system market.

·         To identify and analyze the profile of leading players involved in the manufacturing of global automotive voice recognition systems.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed manufacturers, distribution channels and presence of all major manufacturers across the globe.

TechSci Research calculated global automotive voice recognition system market size using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

·         Automotive voice recognition system manufacturers and other stkeholders

·         Automobile OEMS

·         Government bodies such as regulating authorities and policy makers

·         Associations, organizations, forums and alliances related to voice recognition systems

·         Market research and consulting firms

 

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.  

Report Scope:

In this report, global automotive voice recognition system market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Market, by Vehicle Type:

o   Battery Electric Vehicle (BEV)

o   Internal Combustion Engine (ICE)

o   Hybrid Vehicles

·         Market, by End-User:

o   Economy Vehicles

o   Mid-Price Vehicles

o   Luxury Vehicles

·         Market, by Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia Pacific

§  China

§  India

§  Japan

§  South Korea

§  Indonesia

§  Malaysia

o   Europe & CIS

§  France

§  Germany

§  United Kingdom

§  Italy

§  Poland

§  Turkey

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East and Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Qatar

 Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global automotive voice recognition market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.     Product Overview

2.     Research Methodology

3.     Executive Summary

4.     Voice of Customers

4.1.   Product Awareness

4.2.   Product Pricing

4.3.   Brand Awareness

4.4.   Factors Influencing Purchase Decision

5.     Global Automotive Voice Recognition System Production Overview

6.     Global Automotive Voice Recognition System Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value & Volume

6.2.   Market Share & Forecast

6.2.1. By Vehicle Type (Battery Electric Vehicle (BEV), Internal Combustion Engine (ICE) and Hybrid Vehicles)

6.2.2. By End-User (Economy Vehicles, Mid-Price Vehicles and Luxury Vehicles)

6.2.3. By Company

6.2.4. By Region

6.3.   Market Attractiveness Index

7.     North America Automotive Voice Recognition System Market Outlook

7.1.   Market Size & Forecast

7.1.1. By Value & Volume

7.2.   Market Share & Forecast

7.2.1. By Vehicle Type

7.2.2. By End User Type

7.2.3. By Country

7.3.   Market Attractiveness Index

7.4.   North America: Country Analysis

7.4.1. United States Automotive Voice Recognition System Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.              By Value & Volume

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.              By Vehicle Type

7.4.1.2.2.              By End User

7.4.2. Canada Automotive Voice Recognition System Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.              By Value & Volume

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.              By Vehicle Type

7.4.2.2.2.             By End User

7.4.3.     Mexico Automotive Voice Recognition System Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.              By Value & Volume

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.              By Vehicle Type

7.4.3.2.2.             By End User

8.     Asia Pacific Automotive Voice Recognition System Market Outlook

8.1.   Market Size & Forecast

8.1.1. By Value & Volume

8.2.   Market Share & Forecast

8.2.1. By Vehicle Type

8.2.2. By End User Type

8.2.3. By Country

8.3.  Market Attractiveness Index

8.4.  Asia Pacific: Country Analysis

8.4.1. China Automotive Voice Recognition System Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.              By Value & Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.              By Vehicle Type

8.4.1.2.2.              By End User

8.4.2. South Korea Automotive Voice Recognition System Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.              By Value & Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.              By Vehicle Type

8.4.2.2.2.             By End User

8.4.3.     Japan Automotive Voice Recognition System Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.              By Value & Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.              By Vehicle Type

8.4.3.2.2.             By End User

8.4.4.     Malaysia Automotive Voice Recognition System Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.              By Value & Volume

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Vehicle Type

8.4.4.2.2.              By End User

8.4.5.     Indonesia Automotive Voice Recognition System Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.              By Value & Volume

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.              By Vehicle Type

8.4.5.2.2.             By End User

8.4.6.     India Automotive Voice Recognition System Market Outlook

8.4.6.1.         Market Size & Forecast

8.4.6.1.1.              By Value & Volume

8.4.6.2.         Market Share & Forecast

8.4.6.2.1.              By Vehicle Type

8.4.6.2.2.             By End User

9.    Europe Automotive Voice Recognition System Market Outlook

9.1.   Market Size & Forecast

9.1.1. By Value & Volume

9.2.   Market Share & Forecast

9.2.1. By Vehicle Type

9.2.2. By End User Type

9.2.3.     By Country

9.3.  Market Attractiveness Index

9.4.   Europe: Country Analysis

9.4.1. Germany Automotive Voice Recognition System Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.              By Value & Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.              By Vehicle Type

9.4.1.2.2.              By End User

9.4.2. United Kingdom Automotive Voice Recognition System Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.              By Value & Volume

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.              By Vehicle Type

9.4.2.2.2.              By End User

9.4.3. France Automotive Voice Recognition System Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.              By Value & Volume

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.              By Vehicle Type

9.4.3.2.2.              By End User

9.4.4. Poland Automotive Voice Recognition System Market Outlook

9.4.4.1.         Market Size & Forecast

9.4.4.1.1.              By Value & Volume

9.4.4.2.         Market Share & Forecast

9.4.4.2.1.              By Vehicle Type

9.4.4.2.2.              By End User

9.4.5. Italy Automotive Voice Recognition System Market Outlook

9.4.5.1.         Market Size & Forecast

9.4.5.1.1.              By Value & Volume

9.4.5.2.         Market Share & Forecast

9.4.5.2.1.              By Vehicle Type

9.4.5.2.2.              By End User

9.4.6. Turkey Automotive Voice Recognition System Market Outlook

9.4.6.1.         Market Size & Forecast

9.4.6.1.1.              By Value & Volume

9.4.6.2.         Market Share & Forecast

9.4.6.2.1.              By Vehicle Type

9.4.6.2.2.              By End User

10.  MEA Automotive Voice Recognition System Market Outlook

10.1.              Market Size & Forecast

10.1.1.   By Value & Volume

10.2.              Market Share & Forecast

10.2.1.   By Vehicle Type

10.2.2.   By End User Type

10.2.3.  By Country

10.3.              Market Attractiveness Index

10.4.              MEA: Country Analysis

10.4.1.   UAE Automotive Voice Recognition System Market Outlook

10.4.1.1.       Market Size & Forecast

10.4.1.1.1.           By Value & Volume

10.4.1.2.       Market Share & Forecast

10.4.1.2.1.           By Vehicle Type

10.4.1.2.2.           By End User

10.4.2.   Saudi Arabia Automotive Voice Recognition System Market Outlook

10.4.2.1.       Market Size & Forecast

10.4.2.1.1.           By Value & Volume

10.4.2.2.       Market Share & Forecast

10.4.2.2.1.           By Vehicle Type

10.4.2.2.2.           By End User

10.4.3.   Qatar Automotive Voice Recognition System Market Outlook

10.4.3.1.       Market Size & Forecast

10.4.3.1.1.           By Value & Volume

10.4.3.2.       Market Share & Forecast

10.4.3.2.1.           By Vehicle Type

10.4.3.2.2.           By End User

10.4.4.   South Africa Automotive Voice Recognition System Market Outlook

10.4.4.1.       Market Size & Forecast

10.4.4.1.1.           By Value & Volume

10.4.4.2.       Market Share & Forecast

10.4.4.2.1.           By Vehicle Type

10.4.4.2.2.           By End User

11.  South America Automotive Voice Recognition System Market Outlook

11.1.              Market Size & Forecast

11.1.1.   By Value & Volume

11.2.              Market Share & Forecast

11.2.1.   By Vehicle Type

11.2.2.   By End User Type

11.2.3.  By Country

11.3.              Market Attractiveness Index

11.4.              South America: Country Analysis

11.4.1.   Brazil Automotive Voice Recognition System Market Outlook

11.4.1.1.       Market Size & Forecast

11.4.1.1.1.           By Value & Volume

11.4.1.2.       Market Share & Forecast

11.4.1.2.1.           By Vehicle Type

11.4.1.2.2.           By End User

11.4.2.   Argentina Automotive Voice Recognition System Market Outlook

11.4.2.1.       Market Size & Forecast

11.4.2.1.1.           By Value & Volume

11.4.2.2.       Market Share & Forecast

11.4.2.2.1.           By Vehicle Type

11.4.2.2.2.           By End User

11.4.3.   Colombia Automotive Voice Recognition System Market Outlook

11.4.3.1.       Market Size & Forecast

11.4.3.1.1.           By Value & Volume

11.4.3.2.       Market Share & Forecast

11.4.3.2.1.           By Vehicle Type

11.4.3.2.2.           By End User

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Price Point Analysis

15.  Policy & Regulatory

16.  Competitive Landscape

16.1. Nuance Communications (U.S.)

16.2. SoundHound Inc

16.3. Harman

16.4. Inago

16.5. Vocalzoom

16.6. Lumenvox

16.7. Voicebox Technologies

16.8. Sensory

16.9. Mercedes-Benz mbux

16.10.  Alphabet

17.  Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  •      Figure 1:Global Automotive Voice Recognition Market Size, By Value (USD Billion), By Volume (Million Units), 2014-2024F

         Figure 2: Global Automotive Voice Recognition Market Share, By Vehicle Type, By Volume, 2014-2024F

         Figure 3: Global Automotive Voice Recognition Market Share, By End-User, By Volume, 2014-2024F

         Figure 4: Global Automotive Voice Recognition Market Share, By Company, By Volume, 2014-2024F

         Figure 5: Global Automotive Voice Recognition Market Share, By Region, 2018

         Figure 6: Global Automotive Voice Recognition Market Attractiveness Index, By Vehicle Type, By Volume, 2014-2024F

         Figure 7: Global Automotive Voice Recognition Market Attractiveness Index, By End User, By Volume, 2014-2024F

         Figure 8: Global Automotive Voice Recognition Market Attractiveness Index, By Region, By Volume, 2014-2024F

         Figure 9: North America Automotive Voice Recognition Market Size, By Value (USD Billion), By Volume (Million Units), 2014-2024F

       Figure 10: North America Automotive Voice Recognition Market Share, By Vehicle Type, By Volume, 2014-2024F

       Figure 11: North America Automotive Voice Recognition Market Share, By End User, By Volume, 2014-2024F

       Figure 12: North America Automotive Voice Recognition Market Share, By Country, By Volume, 2014-2024F

       Figure 13: United States Automotive Voice Recognition Market Size, By Value (USD Billion), By Volume (Million Units), 2014-2024F

       Figure 14: United States Automotive Voice Recognition Market Share, By Vehicle Type, By Volume, 2014-2024F

       Figure 15: United States Automotive Voice Recognition Market Share, By End User, By Volume, 2014-2024F

       Figure 16: Canada Automotive Voice Recognition Market Size, By Value (USD Billion), By Volume (Million Units), 2014-2024F

       Figure 17: Canada Automotive Voice Recognition Market Share, By Vehicle Type, By Volume, 2014-2024F

       Figure 18: Canada Automotive Voice Recognition Market Share, By End User, By Volume, 2014-2024F

       Figure 19: Mexico Automotive Voice Recognition Market Size, By Value (USD Billion), By Volume (Million Units), 2014-2024F

       Figure 20: Mexico Automotive Voice Recognition Market Share, By Vehicle Type, By Volume, 2014-2024F

       Figure 21: Mexico Automotive Voice Recognition Market Share, By End User, By Volume, 2014-2024F