Press release
Automotive Voice Recognition Market 2018 Flourishes with International Prestigious Players: Nuance, VoiceBox, Iflytek, Fuetrek, Sensory, AMI, LumenVox
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.
In 2017, the global Automotive Voice Recognition market size was 180 million US$ and it is expected to reach 240 million US$ by the end of 2025, with a CAGR of 3.9% during 2018-2025.
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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
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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