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Automotive Voice Recognition Market Trends

  • Report ID: GMI8235
  • Published Date: Feb 2024
  • Report Format: PDF

Automotive Voice Recognition Market Trends

The automotive voice recognition industry has witnessed significant technological advancements. Natural Language Processing (NLP) and Automatic Speech Recognition (ASR) technologies have progressed, enabling greater interpretation of natural language, accents, and background noise. This improves the user experience and builds trust in the system, increasing adoption.
 

Leveraging cloud-based computing power enables more complicated algorithms and real-time data access, thereby offering features such as location-based services, tailored suggestions, and seamless connection with other smart technology. Along with this, integrating voice recognition with AI & ML enables personalized learning and adaptation. The technology can identify individual voices, preferences, and driving behavior, resulting in a more natural & personalized experience. These technological advancements will continue to be a major driver for the automotive voice recognition market.
 

For instance, in October 2023, Mercedes-Benz collaborated with NVIDIA to develop an advanced AI platform for upcoming vehicles. Powered by NVIDIA's DRIVE Orin SoC and Hyperion software stack, this platform will offer robust voice recognition capabilities. The partnership underscores Mercedes-Benz's dedication to leveraging state-of-the-art technology to enhance user experiences and potentially deliver more seamless & intuitive voice interactions in vehicles.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive voice recognition reached USD 2.1 billion in 2023 and is set to witness 12% CAGR between 2024 and 2032, owing to the increasing adoption of connected cars with their internet connectivity and advanced features.

The software segment held a major market share of around 63% of the automotive voice recognition industry in 2023, as updates and enhancements are generally provided swiftly and remotely.

North America market recorded share of over 33% in 2023, due to the faster integration and wider use of voice recognition in vehicles across the region.

Amazon, Bosch, Continental AG, Google, Harman International, IBM, Microsoft, Nuance Communications, Qualcomm Technologies, and SoundHound.

Automotive Voice Recognition Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 300
  • Countries covered: 24
  • Pages: 260
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