DUBLIN, Oct. 2, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Automotive Voice Recognition Market 2014-2018" report to their offering.
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An automotive voice recognition system helps passengers give commands to be carried out by infotainment systems in the vehicle. These systems help the driver access various automotive systems with simple voice commands, thereby providing a user-friendly environment in the vehicle.
The analysts forecast the Global Automotive Voice Recognition market will grow at a CAGR of 10.59 percent over the period 2013-2018.
The report, the Global Automotive Voice Recognition Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Automotive Voice Recognition market landscape and its growth prospects in the coming years.
The report also includes a discussion of the key vendors operating in this market. In addition, the report discusses major drivers and challenges for the vendors and the market at large and the key trends emerging in the market.
Convenience and affordability are driving the Automotive industry. Telematics and infotainment systems are now popular in Low-end Car segments. With the Voice Recognition market expanding in Asia, the demand for low-cost infotainment and telematics solutions is also growing.
Affordable solutions such as Ford Sync, a hands-free communications and entertainment system, and Fiat Blue&Me, an infotelematic platform, are catering to this demand. It is expected that the Voice Recognition market will grow and become more popular during the period 2014-2018.
According to the report, the increasing growth of human-machine interface and booming voice biometrics technology are the main drivers of the market.
Further, the report states that customers who are unwilling to adopt new technology are inhibiting market growth. Speaker-dependent variations in speech can hinder consistent performance of the speech recognition system; also, the complexity of noise filtering due to BSRs results in inaccuracies in voice capturing.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
05. Introduction
06. Technology Overview
07. Market Landscape
08. Geographical Segmentation
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
18. Other Reports in this Series
Companies Mentioned:
- LumenVox LLC
- Nuance Communications Inc.
- Sensory Inc.
- VoiceBox Technologies Inc.
For more information visit http://www.researchandmarkets.com/research/xzfp95/global_automotive
Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net
