Voice Recognition System Market for Automotive Research Report - Global Forecast to 2027

Voice Recognition System Market for Automotive Information Report by Vehicle Type (Passenger Vehicle and Commercial Vehicle) Technology (Embedded and Hybrid), Application (AI and Non-AI) and by Regions - Global Forecast To 2027

ID: MRFR/AM/3718-HCR | February 2021 | Region: Global | 111 pages

Voice Recognition System Market overview 


The Voice Recognition System Market Size is estimated to grow more than 17% approximately. Voice recognition is a crucial feature of the biometric system. The voice recognition technology can convert speech into digital words through telephone and microphones. Also, the voice recognition systems analyses evaluate and store the voice or speech. The storage of digital information through voice recognition systems has plenty of benefits. The voice recognition system in the automotive industry is gaining massive demand.


 Integrating voice recognition in automotive provides ease of operations and safety. The rising security concerns increases the need for voice recognition systems in the office building and commercial spaces. The voice recognition systems can scan and test the voice of individuals. Also, Voice recognition is a high-end system. It can capture an individual’s tone, accent and speaking style. Also, it is a system that can detect the voice of intruders. Due to all these factors, the Voice Recognition System Market Value will be tremendous. 


Covid analysis 


The outbreak of covid 19 has brought unexpected changes in the Voice Recognition System Market Outlook. The supply of the voice recognition system is affected due to the pandemic. The voice recognition system market is facing a decline in production. Voice recognition is a part of a biometric system.


Also, the biometric industry is witnessing massive losses during this situation. It is affecting the voice recognition market. Also, the decline in demand and affected other market applications. The working of offices, industries and other commercial operations has slowed down due to lockdowns. It is another factor that affects the demand for voice recognition systems. 


Market dynamics 



  • Crucial market drivers 


Voice recognition systems are more efficient and convenient than a traditional security system. The rising need for security systems in offices and working place is driving the demand for the voice recognition system market. An individual can unlock their office room through the use of voice recognition. Also, the high demand from the automotive industry is the crucial driver for this market. The voice recognition systems provide convenience to the vehicle owner. With the voice recognition feature, the vehicle owner can enjoy personalised security. Also, they are the most comfortable safety systems for cars.


 Voice recognition in vehicles is beneficial to lock and unlock the door. Also, it is a system that records the owner’s voice and prevents intruders from operating the vehicle. Earlier, the voice recognition system was available in luxury cars. However, the implementation of voice recognition in entry level vehicles is driving more demand for the market. The market is expanding due to the deployment of these systems in basic vehicle models. Furthermore, the demand for a voice recognition system in the residential sector is higher. The adoption of voice recognition technology in residential buildings is rising rapidly. All these factors will provide high demand and revenue for the market.



  • Market growth opportunities 


The advancements will offer Voice Recognition System Market Growth opportunities. The evolution of VR integrated into assistant systems will provide growth opportunities for the market. The integration of VR into the assistant system will increase productivity and safety in working spaces. Popular voice assistants such as Alexa and google assistant have tremendous demand.


Also, the voice recognition with these popular voice assistants can enhance the safety and operations of these systems. The customer can take advantage of voice shopping through this technological advancement. Voice shopping will be safe due to the identification of the purchaser’s voice. The conversational commerce report suggests that 51% customer is already utilizing the voice assistant for shopping. Further, the incorporation of voice recognition with the assistant will provide significant growth possibilities for the market. This growth opportunity will prove advantageous for the market. The demand rate and market expansion rate will be exceptional during the forecast period. 



  • The market restraints 


The voice recognition system comes as a part of the biometric system. The cost plays a crucial role in voice recognition. The deployment of the biometric voice enables system is expensive. The high-end voice recognition system comes with multifactor security features. The deployment and overall price of this high-end technology is expensive. 


The installation cost of the voice recognition system can hamper the demand in the upcoming years. There are plenty of low price alternatives for a voice recognition system. Most of the end-users prefer low price over quality. Also, the lack of benefits about the quality and high-end voice recognition system pose a challenge to the market. This factor can restrict the overall market growth rate in the forecast period. 



  • The market challenges 


The use of a voice recognition system is limited due to the lack of knowledge to operate it. In many regions, the biometric system is a new concept. Also, the workers do not posses knowledge to handle this high-end technology. Also, as the voice recognition system can recognize speech and voice style there are high possibilities for the data breach. The voice of a person can be misused through this technology. All these factors restrict the adoption of voice recognition systems in developed areas. The lack of technical knowledge to operate a voice recognition system is a major challenge for the market. 



  • Cumulative growth analysis 


The voice recognition system market trends will remain steady during the forecast period. There are a single factor and multiple factor voice recognition systems. Recently, the hybrid voice recognition system is gaining more popularity. The cost-effectiveness and ease of use make single factor voice recognition systems more popular. Also, the convenience of voice recognition, demand from the automobiles sector and rising security concerns are the key driver’s oaf the market. The installation price is a major restraint for the market. However, the key players are taking several cost-cutting measures during the forecast year. Also, the technological advancements in the market will increase voice-recognition system market growth opportunities. 



  • Value chain analysis 


North America will hold the maximum voice recognition system market share. The need for a high level of security in working spaces is the key driver for the market. The consumer electronics enterprise is the major end-users for the market. Also, the adoption rate of the voice recognition system is higher in North America. Also, most of the population is aware of the operations of this technology. The North American region is advantageous for the biometric market. Also, the technological developments ill father enhances the demand for voice recognition systems in the forecast period. 


Segment overview 


By delivery methods 



  • The non-artificial intelligence-based voice recognition system 

  • The artificial intelligence-based voice recognition system 


By technology 



  • Speech recognition 

  • Voice recognition 

  • Multi-purpose biometrics system 


By deployment mode 



  • Cloud-based systems 

  • Embedded systems 


By end-user 



  • Education 

  • Automotive 

  • Legal 

  • Enterprise 

  • Consumer 

  • Government 

  • Military legal                                 

  • Banking 


Regional analysis 


The voice recognition system industry is diversified into Europe, Asia Pacific, Middle East, Latin America and North America. The demand for commercial vehicles is tremendous in North America. Moreover, the voice recognition deployed vehicles are gaining massive popularity. With voice recon ignition can owners can operate every function through voice commands. The exceptional adoption of automobiles with voice recognition provides plenty of growth opportunities. There is going to be plenty of developments in the market during the forecast period.


Market expansion, acquisitions, new product launches will take place in the upcoming years. The spending power is higher in this region. Therefore, the purchase of voice systems deployed vehicles is excellent in this region. The Asia Pacific is the largest region for the voice recognition market. The emerging economy, rising passenger car sales and technological advancements are the key drivers in this region. The Middle East, Europe and Latin America markets are facing exceptional demand during the forecast. 


Competitive landscape 


The biometrics industry market has moderate competition. The entry of new market players will change the voice recognition system market outlook. The market players are establishing new strategies, market expansion measures and acquisitions in the forecast period. Also, there are high possibilities for product launches and technological advancements. 


The key players of the voice recognition system market are 



  1. Ford

  2. Nuance 

  3. Daimler

  4. Alphabet

  5. BMW

  6. Harman

  7. Apple


Recent developments 



  1. The nuance communication is launching the cloud-integrated voice recognition system. It offers a speech recognition system in the medical sector. It helps the health advisers to easily understand the complete medical history of the patients. 



  1. Microsoft is launching the voice recognition system in automobiles. It is a partnership with Toyota. This voice recognition system in the vehicles provides artificial intelligence, operating system and gesture controls to the vehicle.



  1. Nuance is partnering with IBM to expand the voice recognition systems market. The key players are taking measures to integrate the IBM into speech recognition system. 


Report overview 



  1.    Market overview highlights 

  2.   Analysis based upon COVID 19

  3.   Explanation upon the Market Dynamics

  4.   Value chain analysis

  5.   Market segmentation overview

  6.   The regional analysis

  7.   Competitive landscape analysis

  8.  Recent Developments



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: USD 4.87 Billion
  CAGR   22.48% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology, By End Market, By Application, By Vehicle type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Nuance (US), Microsoft (US), Alphabet (US), Harman (US), Apple (US), BMW (Germany), Daimler (Germany), and Ford (US)
  Key Market Opportunities   Evolution of VR systems to integrated assistant systems
  Key Market Drivers

  • Increasing demand for safety features in automobiles
  • Stringent government norms
  • Rapidly rising safety awareness


  • Frequently Asked Questions (FAQ) :


    North America will dominate the market with the high demand rate.

    The integration of voice recognition in entry-level cars will provide exceptional growth opportunities.

    The key players of the market are Ford, Nuance, Daimler, Alphabet, BMW, Harman and Apple.