Research and Markets: Global Automotive Voice Recognition Market 2014-2018 with LumenVox, Nuance Communications, Sensory & VoiceBox Technologies Dominating
DUBLIN - July 7, 2014 (www.investorideas.com newswire) Research and Markets has announced the addition of the "Global Automotive Voice Recognition Market 2014-2018" report to their offering.
The Global Automotive Voice Recognition market will grow at a CAGR of 10.59% to 2018
The increasing growth of human-machine interface and booming voice biometrics technology are the main drivers of the market.
Convenience and affordability are driving the Automotive industry. Telematics and infotainment systems are now popular in Low-end Car segments. With the Voice Recognition market expanding in Asia, the demand for low-cost infotainment and telematics solutions is also growing. Affordable solutions such as Ford Sync, a hands-free communications and entertainment system, and Fiat Blue&Me, an infotelematic platform, are catering to this demand. It is expected that the Voice Recognition market will grow and become more popular during the period 2014-2018.
Further, the report states that customers who are unwilling to adopt new technology are inhibiting market growth. Speaker-dependent variations in speech can hinder consistent performance of the speech recognition system; also, the complexity of noise filtering due to BSRs results in inaccuracies in voice capturing.
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