A voice and speech recognition system is a human-machine interface system, in which the programmed hardware accepts commands from humans and gives a specific informative reply. Speech acknowledgement is the ability of a program or a machine to receive and execute commands that are spoken to it. The technology is used in a number of fields such as linguistics, electrical engineering, and computer science to produce technologies and methodologies that enhance the recognition of the voice spoken to the machine and deliver a specific reply.
Some of the key players operating in the global voice and speech recognition market for automotive are:
Apple Inc., Nuance Communications, Inc., Microsoft Corporation, Alphabet Inc., Cantab Research Limited, Sensory, Inc., ReadSpeaker Holding B.V., Pareteum Corporation, and Ford.
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Demand for vehicles integrated with user-friendly features is increasing among consumers. Taking this into consideration, vehicle manufacturers are focusing on providing user-friendly dashboards with advanced technological features. Voice and speech recognition devices installed on dashboards of cars provide ease of access while driving a vehicle. Technological advancements in these electronic devices have augmented the use of voice and speech recognition devices in the automotive industry. These devices provide signals on the basis of the information provided by electronic components such as sensors and actuators.
Furthermore, the ever-increasing production of vehicles and the rise in demand for light-weight and luxurious vehicles are projected to boost the automotive voice and speech recognition market during the forecast period. Additionally, development of autonomous and electric vehicles is likely to drive demand for automotive voice and speech recognition systems. Integration of the voice and speech recognition system and its replacement on the damage is a costly affair.
The voice and speech recognition market for automotive can be segmented based on vehicle, component, system, mode of vehicle operation, and geography. Based on vehicle, the voice and speech recognition market for automotive can be classified into passenger vehicles (PVs) and commercial vehicles (CVs). Passenger vehicles include hatchbacks, sedans, multi-purpose vehicles (MPVs), and sport utility vehicles (SUVs). Commercial vehicles include lightweight commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).
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