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Global In-Flight Voice Recognition MarketAccording to the detailed report by Market Research Future (MRFR), the global in-flight voice recognition market is slated to reach a considerable market valuation at a moderate CAGR over the review period.
The key players in the global in-flight voice recognition market by MRFR are Raytheon Company (US), Honeywell International Inc. (US), Rockwell Collins (US), NLR-Royal Netherlands Aerospace Centre (Netherlands), Ryanair DAC (Ireland), Airbus SAS (Netherlands), Air Force Research Laboratory-Wright-Patterson Air Force Base (US), IBM Corporation (US), and SRI International (US).
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Drivers and Restraints
There are numerous factors that are driving the growth of the market in the foreseeable future, including the thriving aerospace industry, technological advancements, growing government investments in the aviation industry, among others. These factors are expected to accelerate the market growth, especially in developing economies in the Asia Pacific region, Middle East and Latin America. in addition, advancements in the field of communication technologies are also expected to support market growth over the forecast period.
on the other hand, the dependability of voice recognition systems still remains a concern for commercial usage, which is estimated to hinder the in-flight voice recognition market growth over the forecast period.
Intended Audience
• Computer hardware solution providers
• Law enforcement agencies
• Defense organizations
• Government authorities
• Defense companies
• Research institutes
• Regulatory bodies
Segmental Analysis
The global in-flight voice recognition market has been segmented on the basis of application, technology, aircraft type, and region.
On the basis of technology, the global market for in-flight voice recognition has been segmented into speech recognition and voice recognition. The voice recognition segment is estimated to reach a relatively higher growth rate over the review period, since the technology is slated to be commercially adopted once it has been certified by local aviation authorities. Voice activated systems are presently being tested for usage in commercial aircrafts and are likely to be adopted in military aircraft over the review period as well.
Based on the applications, the in-flight voice recognition market has been segmented into military aviation and commercial aviation. The commercial aviation segment is poised to account for a larger market share whereas the military aviation segment is slated to reach a higher CAGR during the review period. Voice recognition systems are estimated to be adopted on military aircraft after full-scale commercialization.
Based on the aircraft type, the global in-flight voice recognition market has been segmented as narrow-body aircraft, very large aircraft, wide-body aircraft, and regional transport aircraft. The narrow-body aircraft segment is poised to reach the highest CAGR during the review period. The revenue per seat is relatively higher for narrow-body aircraft in comparison with other aircraft types which is inexpensive for airlines. Thus, airlines are functioning toward deploying in-flight voice recognition systems mainly in narrow-body aircraft.
Regional Analysis
On the basis of region, the market is segmented into Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.
North America accounts for the largest regional market and is expected to reach the maximum market share over the review period, followed by Europe. This is attributed to the established aviation industries in the regions, along with the availability of constant government funding for research and development projects. Moreover the IT and communications industry is also well developed in the region, which is expected to contribute towards the expansion of the in-flight voice recognition market in North America as well as Europe, over the review period.
The market in Asia-Pacific is projected to be the fastest-growing due to the increasing investments in the aviation industry, largely in developing countries of China and India. in addition, increasing defense investments, especially in military aviation, are likely to drive the massive growth of the global in-flight voice recognition market in APAC during the review period.
Key Insights
• Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments
• Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America, along with key countries in each region
• Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
• Technology Trends, Regulatory Landscape, and Patent Analysis Outlook
• Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
• Regional attractiveness and related growth opportunities
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Table of Contents
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global in-flight Voice Recognition Market, by Technology
1.1.2. Global in-flight Voice Recognition Market, by Aircraft Type
1.1.3. Global in-flight Voice Recognition Market, by Application
1.1.4. Global in-flight Voice Recognition Market, by Region
2. Market Introduction
2.1. Market Definition
2.2. Scope of the Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions
4. Market Insights
Continued........
List of Tables
Table 1 Global in-flight Voice Recognition Market, by Technology, 2019–2024
Table 2 Global in-flight Voice Recognition Market, by Aircraft Type, 2019–2024
Table 3 Global in-flight Voice Recognition Market, by Application, 2019–2024
Table 4 Global in-flight Voice Recognition Market, by Region, 2019–2024
Table 5 North America: in-flight Voice Recognition Market, by Country, 2019–2024
Table 6 North America: in-flight Voice Recognition Market, by Technology, 2019–2024
Table 7 North America: in-flight Voice Recognition Market, by Aircraft Type, 2019–2024
Continued........
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down & Bottom-up Approaches
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter's Five Forces Analysis
Figure 7 Value Chain Analysis
Continued.......
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Website: https://www.marketresearchfuture.com/reports/in-flight-voice-recognition-market-7975
Release ID: 88922780