ReportsnReports.com the exclusive leading provider of market research reports published research report on “Covid-19 Impact on Global Automotive Voice Recognition Market Size, Status and Forecast 2020-2026”.
The Global Automotive Voice Recognition Market Report is a professional and in-depth study on the current state of the Automotive Voice Recognition Market.
The Automotive Voice Recognition market intelligence report considers the regional segmentations such as North America, Europe, Asia-Pacific, South America, Middle East and Africa. The market data across the geographies helps to analyze the regional market share, size and trend, product demands, growth opportunities and challenges of Automotive Voice Recognition Market to the country level.
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Voice Recognition is the identification of a person from characteristics of voices. Voice recognition converts speech from a recorded audio signal to text. Humans convert words to speech with their speech production mechanism. An voice recognition aims to infer those original words given the observable signal.
In the recent years, the development of automotive voice recognition market is quite fast due to the fast increase of the amount of global vehicle production.
Top Companies Covered in Global Automotive Voice Recognition Market:
Segment by Type:
- Single language recognition
- Multilingual Recognition
Segment by Application:
- Passenger Vehicle
- Commercial Vehicle
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Nuance is still the largest player in the automotive voice recognition market, occupying market share more than 70%. It sells millions of products to automotive manufacturers and automotive multimedia system supplier.
In fact, the automotive voice recognition system is generally integrated in the automotive multimedia system. Now, more and more automotive voice recognition can recognize several languages to meet drivers demand.
Thanks to the fast development of automotive industry, the development of automotive voice recognition market is promising in the next several years, especially in developing regions like China.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Automotive Voice Recognition market in 2020.
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COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
This report also analyses the impact of Coronavirus COVID-19 on the Automotive Voice Recognition industry.
Based on our recent survey, we have several different scenarios about the Automotive Voice Recognition YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ 191.1 million in 2019. The market size of Automotive Voice Recognition will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Automotive Voice Recognition market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Automotive Voice Recognition market in terms of revenue.
Players, stakeholders, and other participants in the global Automotive Voice Recognition market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on revenue and forecast by each application segment in terms of revenue and forecast by each type segment in terms of revenue for the period 2015-2026.
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