Global Automotive Voice Recognition Market Growth (Status and Outlook) 2023-2029

Global Automotive Voice Recognition Market Growth (Status and Outlook) 2023-2029

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. Automotive Voice Recognition is mounted on the car's voice recognition system. This report mainly covers the Automotive Voice Recognition product type, while we can also offer any product survey report related to the Automotive Voice Recognition industry chain.
LPI (LP Information)' newest research report, the “Automotive Voice Recognition Industry Forecast” looks at past sales and reviews total world Automotive Voice Recognition sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Voice Recognition sales for 2023 through 2029. With Automotive Voice Recognition sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Voice Recognition industry.
This Insight Report provides a comprehensive analysis of the global Automotive Voice Recognition landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Voice Recognition portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Voice Recognition market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Voice Recognition and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Voice Recognition.
The global Automotive Voice Recognition market size is projected to grow from US$ 198.6 million in 2022 to US$ 262.1 million in 2029; it is expected to grow at a CAGR of 4.0% from 2023 to 2029.
Global Automotive Voice Recognition key players include Nuance, VoiceBox, Iflytek, Fuetrek, Sensory, etc. Global top five manufacturers hold a share about 95%. Europe is the largest market, with a share about 35%, followed by North America and China, both with a share about 20 percent. In terms of product, Multilingual Recognition is the largest segment, with a share about 55%. And in terms of application, the largest application is Passenger Vehicle, followed by Commercial Vehicle.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Voice Recognition market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Single language recognition
Multilingual Recognition
Segmentation by application
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Nuance
VoiceBox
Iflytek
Fuetrek
Sensory
AMI
LumenVox

Please note: The report will take approximately 2 business days to prepare and deliver.