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 increasingly integrated into the in-vehicle experience, and the applications are expanding, potentially providing a secure way to get directions, communicate, entertain, and operate automobile features without using your hands. Drivers may now make phone calls, manage music, and navigate safely while using the voice assistant in their vehicle. Automobile voice recognition technology has advanced over time. Nowadays, takeaway orders, service reservations, and appointment booking are all done using in-car voice assistants. Since in-car voice assistants have been available for more than ten years, many automakers are knowledgeable about the advantages of speech AI for their vehicles, including better customer experiences and safer, more connected driving. Although most consumers haven’t yet made voice assistants a deciding factor in their purchasing decisions, drivers who have access to them are relying on them more and more for both in-car functions and connectivity to the cloud.Furthermore, according to Voicebot.ai, there are about 130 million in-car voice assistant user in the U.S. with 83.8 million are active monthly. Customer are experiencing fast, hand-free and convenient driving experience though voice assistant. Thus, rising number of cars globally as well as in the U.S. drastically driving the In-car Voice Assistant market near future. For instance, thee about 1.4 billion of cars are available on earth, and almost quarter of global cars can be found in the U.S. alone.

Global & U.S. In-car Voice Assistant Market Outlook

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. Digital assistants with AI capabilities are increasingly common in cars and can be found in smartphones, tablets, computers, speakers, and other electronic devices. The usage of in-car AI voice assistants enables drivers to access information and do tasks without taking their hands off the steering wheel by acting as a liaison between the end user and the vehicle’s systems and services.Furthermore, according to Yahoo, the use of voice assistant is expected to triple over the coming years and about above eight billion voice assistant to be used by coming couple of years. The popularity of smartphones has raised both drivers’ and passengers’ need for in-car communication options. OEMs are missing a basic need if they are unable to meet this expectation. Voice recognition powered by AI is a crucial aspect of connectivity. New methods to interact, shop, control the environment, and more are made possible by Amazon Alexa, Google Assistant, and Apple Siri. To keep up with user behavior, OEMs are deploying in-car voice assistants on a large scale.

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

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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