Report cover image

Automotive Voice Recognition Market Size - By Component (Hardware, Software), By Technology (Embedded, Cloud-based, Hybrid), By Vehicle (ICE, Electric), By Application (Navigation, Climate Control, Infotainment), By Sales Channel & Forecast, 2024 - 2032

Publisher Global Market Insights
Published Feb 23, 2024
Length 260 Pages
SKU # GMI18692349

Description

Automotive Voice Recognition Market Size - By Component (Hardware, Software), By Technology (Embedded, Cloud-based, Hybrid), By Vehicle (ICE, Electric), By Application (Navigation, Climate Control, Infotainment), By Sales Channel & Forecast, 2024 - 2032

Global Automotive Voice Recognition Market will record a 12% CAGR from 2024 to 2032, owing to advancements in AI and natural language processing, in line with a heightened emphasis on driver safety. With cutting-edge technologies, voice recognition systems are becoming more accurate and responsive, enhancing the user experience. The focus on safety encourages the adoption of hands-free interaction, reducing driver distractions. As automakers prioritize safer driving environments, the demand for voice-controlled features in vehicles will surge, solidifying AI's pivotal role in shaping the automotive industry's future.

For instance, in January 2024, Sensory introduced its new automotive AI platform, named Sensory Automotive, which combines cutting-edge voice and facial AI technologies. This platform enables continuous, advanced speech-to-text capabilities and facial analytics for evaluating gaze and distracted driving.

The automotive voice recognition industry is divided based on component, technology, vehicle, application, sales channel, and region.

The navigation segment will experience a substantial upswing by 2032, propelled by its integral role in modern driving experiences. With the rise of smart vehicles, drivers increasingly rely on voice commands for seamless navigation. This segment growth is propelled by the demand for real-time directions, traffic updates, and hands-free operation. As safety remains a top priority, the convenience and efficiency offered by voice-controlled navigation systems make them a crucial component of the automotive industry's future.

The embedded segment will observe a noteworthy upsurge by 2032 due to its seamless integration within vehicle systems. This technology offers drivers a hands-free and intuitive interaction experience, enhancing safety and convenience. With automakers increasingly focusing on embedding voice recognition directly into their vehicles, this segment will experience significant growth. The demand for connected cars with advanced features further boosts this trend, solidifying the embedded segment's position as a key player in shaping the future of automotive voice recognition.

Asia Pacific automotive voice recognition market share will secure a remarkable CAGR between 2024 and 2032, attributed to rapid technological advancements and the region's substantial automotive industry. Factors such as the increasing demand for connected vehicles and the emphasis on driver safety contribute to this growth. Countries like China, Japan, and South Korea are at the forefront of integrating voice recognition systems into their vehicles. As consumer preferences shift towards seamless, hands-free interaction, Asia Pacific will stand as a notable contributor to the automotive voice recognition industry.

Table of Contents

260 Pages
Chapter 1 Methodology & Scope
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360 degree synopsis, 2018 - 2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Rising popularity of connected cars
3.8.1.2 Growing demand for premium features
3.8.1.3 Increasing trend toward autonomous vehicles
3.8.1.4 Advancements in technology
3.8.2 Industry pitfalls & challenges
3.8.2.1 High implementation costs
3.8.2.2 Complex integration with legacy systems
3.9 Growth potential analysis
3.10 Porter's analysis
3.10.1 Supplier power
3.10.2 Buyer power
3.10.3 Threat of new entrants
3.10.4 Threat of substitutes
3.10.5 Industry rivalry
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Component, 2018 - 2032 ($Mn)
5.1 Key trends
5.2 Hardware
5.3 Software
Chapter 6 Market Estimates & Forecast, By Technology, 2018 - 2032 ($Mn)
6.1 Key trends
6.2 Embedded
6.3 Cloud-based
6.4 Hybrid
Chapter 7 Market Estimates & Forecast, By Vehicle, 2018 - 2032 ($Mn)
7.1 Key trends
7.2 ICE
7.3 Electric
Chapter 8 Market Estimates & Forecast, By Application, 2018 - 2032 ($Mn)
8.1 Key trends
8.2 Navigation
8.3 Climate control
8.4 Infotainment
8.5 Others
Chapter 9 Market Estimates & Forecast, By Sales Channel, 2018 - 2032 ($Mn)
9.1 Key trends
9.2 OEMs
9.3 Aftermarket
Chapter 10 Market Estimates & Forecast, By Region, 2018 - 2032 ($Mn)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Russia
10.3.6 Spain
10.3.7 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 South Korea
10.4.5 Australia
10.4.6 Southeast Asia
10.4.7 Rest of Asia Pacific
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Argentina
10.5.4 Rest of Latin America
10.6 MEA
10.6.1 UAE
10.6.2 South Africa
10.6.3 Saudi Arabia
10.6.4 Rest of MEA
Chapter 11 Company Profiles
11.1 Aisin Seiki Co., Ltd.
11.2 Alibaba Group
11.3 Amazon
11.4 Baidu Inc.
11.5 Bosch
11.6 Cerence Inc.
11.7 Continental AG
11.8 Dragon Drive
11.9 Google
11.10 Harman International
11.11 IBM
11.12 iNAGO Corporation
11.13 Microsoft
11.14 Nuance Communications
11.15 Qualcomm Technologies, Inc.
11.16 Sensory Inc.
11.17 SoundHound Inc.
11.18 Speak With Me Inc.
11.19 Visteon Corporation
11.20 VoiceBox Technologies

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us