DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/qjxmtp/voice_recognition) has announced the addition of the "Voice Recognition Market for the Automotive Sector in the US 2015-2019" report to their offering.
The voice recognition market for the automotive sector in the US to grow at a CAGR of 7.36% over the period 2014-2019.
This report covers the present scenario and the growth prospects of the voice recognition market for the automotive sector in the US for the period 2015-2019. The report presents the vendor landscape and a corresponding detailed analysis of the top vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.
To arrive at the market size, the number of automobiles with voice recognition feature is considered. Passenger cars that come under categories such as SUVs, crossovers, hatchbacks, and sedans are considered in the report. Large vehicles such as trucks are not included.
According to the report, a paper released by the National Safety Council in 2014 stated that in 2013 one out of four accidents in the US was caused because of cellphone use while driving. These accidents can be reduced with the installation of voice recognition feature in cars, enabling drivers to answer or reject calls without picking up the phone manually. The option to control the music player in the car using this technology adds enhances safety. Although not all of these features are available in all models, by 2019 it is expected to become a standard feature in all cars. With the increase in safety standards across the country, this feature in cars could be one of the most used applications.
Further, the report states that inaccurate voice recognition system is hindering the market growth.
The following automobile car manufacturers are considered in the report to calculate an average percentage of cars with voice recognition:
- Fiat Chrysler
- General Motors
- VoiceBox Technologies
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market drivers
Part 07: Impact of drivers
Part 08: Market challenges
Part 09: Impact of drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
For more information visit http://www.researchandmarkets.com/research/qjxmtp/voice_recognition