In Flight Voice Recognition Market to Witness 15% CAGR until 2024
Technological advancements leading to automation in aviation
industry are expected to drive global in flight voice recognition market
According to
TechSci Research report, “Global In Flight Voice Recognition Market By Technology, By
Aircraft Type, By Application, By Region, Competition, Forecast &
Opportunities, 2024”, the global in flight voice recognition market is projected
to witness an impressive CAGR of around 15%
during the forecast period owing to the increasing government investments in
development of advanced aviation technologies, especially in the developing
countries. However, low-reliability rate for commercial aviation can hamper the
growth of market during forecast period.
Browse 118 market data Figures and Tables spread through 110 Pages and an in-depth TOC on "Global In-Flight Voice
Recognition Market"
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The global
in flight voice recognition market is segmented based on technology, aircraft
type, application, company and region. Based on technology, the market can be
bifurcated into voice recognition and speech recognition. The voice recognition
segment is expected to witness significant growth during forecast period since
the technology is expected to be commercially adopted once it gets certified by
local aviation authorities. Adacel Technologies
Limited, Rockwell Collins, Honeywell International Inc., Raytheon Company, IBM
Corporation, Air Force Research Laboratory-Wright-Patterson Air Force Base,
Airbus Americas Inc., SRI International, Inc., Thales USA Inc, VoiceFlight
Systems LLC, among others are some of the leading players operating in the
global in flight voice recognition market.
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“North America is
expected to dominate the market for in flight voice recognition during the
forecast period, owing to the presence of established aviation industry
in the region coupled with the availability of government funding for research
and development projects. Additionally, the
developed IT & Telecom industry in the region is further anticipated to
propel the growth of market through 2024.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global In Flight Voice Recognition Market By
Technology, By Aircraft Type, By Application, By Region, Competition, Forecast
& Opportunities, 2024” has evaluated
the future growth potential of global in flight voice recognition market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers to take sound investment decisions. Besides, the
report also identifies and analyzes the emerging trends along with essential
drivers, challenges and opportunities in global in flight voice recognition market.
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