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.

Automotive Voice Recognition market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Automotive Voice Recognition market by companies, region, type and end-use industry.

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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.

This report focuses on the global top players, covered:Nuance, VoiceBox, Iflytek, Fuetrek, Sensory, AMI, LumenVox
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Market segment by Regions/Countries, this report covers: United States, Europe, China, Japan, Southeast Asia, India

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

The study objectives of this report are:
To study and forecast the market size of Automotive Voice Recognition in global market.
To analyze the global key players, SWOT analysis, value and global market share for top players.
To define, describe and forecast the market by type, end use and region.
To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Automotive Voice Recognition are as follows:
History Year: 2013-2017, Base Year: 2017, Estimated Year: 2018, Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Key Stakeholders: Automotive Voice Recognition Manufacturers, Automotive Voice Recognition Distributors/Traders/Wholesalers, Automotive Voice Recognition Subcomponent Manufacturers, Industry Association, Downstream Vendors

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