Global & U.S. In-car Voice Assistant Market Size By Type(Single Language and Multilanguage), By Application(Commercial Vehicle and Passenger Vehicle), By Geographic Scope And Forecast
Global & U.S. In-car Voice Assistant Market Size By Type(Single Language and Multilanguage), By Application(Commercial Vehicle and Passenger Vehicle), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global & U.S. In-car Voice Assistant Market Size By Type(Single Language and Multilanguage), By Application(Commercial Vehicle and Passenger Vehicle), By Geographic Scope And Forecast
Global & U.S. In-car Voice Assistant Market Size And Forecast
Global & U.S. In-car Voice Assistant Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e., 2024 to 2031.
The in-car voice assistant demand is driven mainly by rise in number cars globally as well as in the U.S. Similarly, rising technological advancement and rising adoption of voice assistant boosting the market growth of Global and U.S. In-car Voice Assistant Market in forecasted period. The Global & U.S. In-car Voice Assistant Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global & U.S. In-car Voice Assistant Executive Summary
Voice assistants are really taking over when you're driving, doing so much more than ever before! Imagine getting directions safely, having a quick chat, jamming out to your favorite music, or even tweaking your car's settings, all without lifting a finger. Drivers can now effortlessly make calls, crank up the volume, and find their way, all with just their voice. Automobile voice recognition has come a long way! You can now even order dinner, book appointments, and manage your life through your in-car assistant. Automakers have been hip to speech AI's advantages for ages – happier drivers and a safer, more connected ride. While a voice assistant might not be the just reason you pick a car, people who have them are using them constantly, both for car stuff and cloud services. And get this, Voicebot.ai reports around 130 million in-car voice assistant users in the U.S., with 83.8 million using them every month! Customers are really digging the speedy, hands-free, and super simple driving experience. With so many cars on the roads worldwide, and especially in the U.S. (almost a quarter of the world's 1.4 billion cars are here!), expect the in-car voice assistant market to explode.
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Global & U.S. In-car Voice Assistant Market Outlook
So, why are in-car voice assistants becoming so popular? For starters, there are just more cars out there, both around the world and in our own backyard. And let's face it, the tech is getting better all the time, which means more people are actually using voice assistants and driving up demand! You see AI-powered digital assistants popping up everywhere – not just in cars, but on your smartphones, tablets, computers, and even your speakers. Think of your in-car AI voice assistant as that helpful friend in the passenger seat, letting you get info and get stuff done without ever taking your hands off the wheel. It’s like having a personal assistant, built right into your ride. According to Yahoo, we're talking about voice assistant use tripling in the next few years – over eight billion in use before we know it! Because everyone is so used to being connected on their phones, drivers and passengers expect to stay connected while they're on the road. If car companies can't make that happen, they're missing out big time. AI-powered voice recognition is basically the price of entry for connectivity now. Services like Amazon Alexa, Google Assistant, and Apple Siri are opening up totally new ways to interact, shop, control your car, and tons of other stuff. Car makers are rushing to put voice assistants in cars across the board, trying to keep up with what people want.
Moreover, according to Voicebot.ai, while driving people utilize speech on their devices the most. More than half of American consumers had used a voice assistant in a car at the end of the previous year, and one-third were regular users. The majority of people connected with mobile voice assistants via Bluetooth, Apple CarPlay, Android Auto, or Amazon Alexa through the car dashboard, as opposed to the 33.2% of people who utilized the voice solution that comes pre-installed in cars. Additionally, about 62 % of people in U.S. uses voice assistant while driving.
Global & U.S. In-car Voice Assistant MarketSegmentation Analysis
The Global & U.S. In-car Voice Assistant Market is segmented on the basis of Type, Application, and geography.
Global & U.S. In-car Voice Assistant Market by Type
Single Language
Multilanguage
Based on Type, the market is segmented into Single Language and Multilanguage. Multilanguage accounted for the largest market share and is projected to grow during the forecast period. Users prefer to communicate in their native language. Future product roadmaps for automakers, in particular, must include a voice assistant that can comprehend users in many geographies. People are more inclined to buy a car with a voice assistant that speaks their native tongue.
Global & U.S. In-car Voice Assistant Market by Application
Commercial Vehicle
Passenger Vehicle
To Get Summarized Market Report By Aplication-
By Application, the market is segmented into Commercial Vehicle and Passenger Vehicle. Commercial Vehicle accounted the largest market share and is projected to grow during the forecast period. The rise in number of commercial vehicle in U.S and Global market, driving this segment. Moreover, according to Global Economy.Com, U.S. hold the largest market share of global commercial vehicle sale in 2021.
Global & U.S. In-car Voice Assistant Market by Geography
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
To Get Summarized Market Report By Geography-
On the basis of Geography, the Global & U.S. In-car Voice Assistant Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America holds a significant market share in 2021, and is projected to rise during the forecast period. Asia pacific was the second-largest market in 2021; it is projected to extend at a long-term CAGR. The In-car Voice Assistant market in North America is dominated owing to rising number of cars in U.S and Canada. China is the fastest-growing nation, with a highest long-term CAGR.
Key Players
The major players in the market are; Google, Amazon, Apple, BMW AG, Continental AG, iNAGO Inc., Allions Lab, Microsoft, KARDOME Technology LTD, Cerence and others. This section provides company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
• Ace Matrix
This section of the report provides an overview of the company evaluation scenario in the In-car Voice Assistant market. The company evaluation has been carried out based on the outcomes of the qualitative and quantitative analyses of various factors such as the product portfolios, technological innovations, market presence, revenues of companies, and the opinions of primary respondents.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global physical security market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in global physical security market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
KEY COMPANIES PROFILED
Google, Amazon, Apple, BMW AG, Continental AG, iNAGO Inc., Allions Lab, Microsoft, KARDOME Technology LTD, Cerence and others. This section provides company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
SEGMENTS COVERED
By Type
By Application
By geography
CUSTOMIZATION SCOPE
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