Speech Technology Magazine

 

Car Speech Systems Market to Grow 4.31 Percent Through 2020

Research and Markets has predicted robust growth for the automotive speech recognition systems market.
Posted Jul 19, 2016
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Research and Markets has predicted that the global automotive voice recognition systems market will grow at a compounded annual rate of 4.31 percent through 2020. The prediction was made in its "Global Automotive Voice and Speech Recognition System Market 2016-2020" report.

According to the report, a key growth driver is the industry's desire to help reduce, if not eliminate, driver distraction and reduce the number of traffic tickets for drivers.

Leading automakers mentioned in the report include Ford, Mercedes Benz, BMW, Citroen, Daimler, Fiat-Chrysler, General Motors, Honda, Hyundai, Nissan, Toyota, Volkswagen, and Volvo. The top speech technology vendors in the space include Apple, Harman International, Microsoft, Nuance Communications, VocalZoom. Voicebox Technologies, Anhui USTC iFlytek, Google, LumenVox, and Sensory


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