Press release
Corona Virus Crisis Impact on Automotive Voice Command System Market and its Competitive Landscape Analysis with its Future Growth
Automotive Voice Command System Market
1 Porter's Five Forces Analysis for Automotive voice command system market:
o Bargaining Power of Suppliers:The switching costs from one supplier to other supplier are anticipated to be low.Numerous suppliers of the automotive voice command system market are dependent on a single car manufacturer. Therefore, there is no high threat from suppliers.
The bargaining power of suppliers is LOW.
o Bargaining Power of Buyer: Customers have high bargaining power, mainly because of the vast variety of the automotive voice command system products. The automotive voice command market provides consumers a variety of brands with hugely differing pricing, appearance and performance factor.
The bargaining power of the buyer is MEDIUM.
o Threat of New Entrants: TheHighercost associated with Research &Developmentcoupled with brand equity provides less threat of entry from new players.
The threat of new entrants is MEDIUM.
Check out How COVID-19 impact on the Market. Click here to Speak with Analyst @ https://www.researchdive.com/connect-to-analyst/164
o Threat of Substitutes: The threat of substitutes/alternative products is high if it offers a value proposition that is highly different from the present service of the industry. However, no substitute provides accessibility and convenience provided by automotive voice command system players.
The threat of substitutes is LOW.
o Competitive Rivalry in the Market: Automotive voice command system markethasnumerouslarge, small, medium, and established players. Leading enterprisessuch as Apple, Inc., Alhabet, and Microsoft are following business strategies and technological advancementsamong them, and this is a key factor for the high competitive rivalry in the global market.
The competitive rivalry in the industry isVERY HIGH.
2 Automotive Voice Command System Market Segmentation by Technology
o Embedded
o Hybrid
A motor-cycle intelligent biometric voice command system is anticipated to create huge opportunities in the global market @ https://www.researchdive.com/purchase-enquiry/164
With the legislation on the use of mobile telephones when riding increasingly strict, speech solutions will eradicate the notion that the car is a significant white spot in terms of communication. Nevertheless, amid these increasingly strict rules, recent surveys in the UK by the RAC found that 50% of motorists required their mobile to be checked, 21% possibly read a social media message, and 31% reported texting.
3 Automotive Voice Command System Market Segmentation by Application
o AI
o Non AI
The Increasing speed of technological adoption is anticipated to drive the global automotive voice command system market @ https://www.researchdive.com/download-sample/164
4 Automotive Voice Command System Market Segmentation by Vehicle Type
o Commercial Vehicle
o Passenger Vehicle
5 Benefits & Applications
Cloud-based recognition systems are a perfect way to provide complete, continuous, and secure access to a cloud server. However, this does not happen in real-time automotive cockpits; so even in the case of an interruption of services, cars should be able to perform a function efficiently. Decentralized processing has advantages over central servers to reduce the number of potentially failing points because every vehicle can collect and manipulate its own voice data. Essential mission activities - such as the safety of users or equipment, privacy, and security - are natively processed on the system for continuous accessibility. The average voice data transmission per second is more than 1,000 times higher than the corresponding text data transmission per second. When voice-audio is used as the only operating method on a scale, then bandwidth limitations can be reasonably sure of occurring quickly. Bandwidth is a very significant possible weakness in anticipation of the rise of the connected vehicle. Bandwidth assignment and synchronization to work depend on a cloud device.
6 Key Players
o Nuance Communications, Inc.
o Microsoft
o Alphabet,
o Amazon.com, Inc.
o Apple Inc.
o BMW AG
o Daimler AG.
o Ford Motor Company
o LumenVox.
o Sensory Inc.
Get Access to Full Report (TOC, Figures, Chart, etc.) @ https://www.researchdive.com/164/automotive-voice-command-system-market
7 Drivers
The voice activation function used in vehicles is improved by industry top players such as Apple, Nuance, and Google. Many of the most common systems allow drivers, through the sound of their voices, to locate directions, send emails, make telephone calls, and play music. In addition, the voice control system in cars is being used more and more to improve driver safety and comfort. These factors will also drive growth in the automotive voice control system market. In the global automotive voice control system market, the pace of technological adoption is expected to rise.
8 Regional Outlook
In 2018, the voice command system market in North America was valued to $412.1 million, and revenues of $1635.3 million are expected to be produced by 2026. Factors such as massive investment in research & development by market players and the adoption of advanced systems due to superior benefits are primarily responsible for the growth in the North American market for automotive voice control. The demand for automotive voice command systems is also likely to increase enormously in order for commercial and private vehicles, which will eventually accelerate the growth in the automotive voice command system market during the predicted period.
9 Recent Developments
Polestar is the latest, efficient, and robust division of the Volvo Cars in Sweden and its Auto parent company from China. After the coronavirus forced the cancelation of the Geneva International Motor Show, the Polestar Precept, an electric concept car that was unveiled online, offers both Polestar Design and Android OS brighter future.And even when the phone is switched off, the owners will have access to embedded apps such as the Google Maps, Google Assistant, and Google Play Shop. A digital telephone key tailored the environment for individual users, changing settings for seating, lighting, climate, and entertainment as they come in and unlock the vehicle. Video streaming will also be available from popular apps and services, but only if the car is parked or paid.
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