Voice Recognition Market for the Automotive Sector in the US 2015-2019

  • Published: Oct 2015
  • Pages: 60
  • SKU: IRTNTR7140
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About voice recognition
Voice recognition is a software that has the ability to convert and decode human voice into speech easily understood by a computer. It is an ability of a machine to receive, understand, and dictate the spoken commands. Voice recognition is used for biometric security purposes to determine the voice of a particular person to grant or deny access. In the automotive sector, voice recognition is used in cars to control infotainment systems and for security purposes. In the US, most cars are already equipped with voice recognition; however, the demand for advanced technology that can be used for several other applications such as navigation is increasing.

Technavio's analysts forecast the voice recognition market for the automotive sector in the US to grow at a CAGR of 7.36% over the period 2014-2019.

Covered in this report
This report covers the present scenario and the growth prospects of the voice recognition market for the automotive sector in the US for the period 2015-2019. The report presents the vendor landscape and a corresponding detailed analysis of the top vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.

To arrive at the market size, the number of automobiles with voice recognition feature is considered. Passenger cars that come under categories such as SUVs, crossovers, hatchbacks, and sedans are considered in the report. Large vehicles such as trucks are not included. The following automobile car manufacturers are considered in the report to calculate an average percentage of cars with voice recognition:

  • BMW
  • Fiat Chrysler
  • Ford
  • General Motors
  • Honda
  • Hyundai-Kia
  • Nissan
  • Subaru
  • Toyota
  • Volkswagen

Technavio's report, Voice Recognition Market for the Automotive Sector in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors

  • Apple
  • Google
  • Nuance
  • VoiceBox Technologies

Key market driver

  • Need for driver safety
  • For a full, detailed list, view our report

Key market challenge

  • Inaccurate voice recognition system
  • For a full, detailed list, view our report

Key market trend

  • Use of biometrics for cars
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?
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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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