Business Services Industry
Strategy Analytics: Look Who's Talking Now—Automotive Voice Recognition Taking Hold
Business Wire, March 31, 2005
BOSTON -- Voice Recognition Market Penetration Up Nearly 40 Percent by 2010
The latest Strategy Analytics telematics report, "Automotive Voice Technology Market Outlook 2005," reveals that nearly 50.3 million vehicles will have Voice Recognition Technology (VRT) communications systems by 2010, representing a significant 30 to 40 percent market penetration. This technology will assist with various functions, from dialing a cell phone and controlling the radio, to programming navigation systems and requesting emergency service.
According to Strategy Analytics, automotive manufacturers' in-vehicle product development and marketing strategies would benefit from recognizing more stringent hands-free cellular phone safety initiatives and other hands free automotive operations.
Hurdles remain, however, including competition from other human machine interfaces, such as central controllers (the BMW iDrive) or touch screen navigation systems. Continued research and development, lower system costs and higher voice recognition performance make voice recognition technology a normative Human Machine Interface within new vehicles.
"Voice recognition technology provides a remedy for the increased legislative pressure for hands-free cell phone use, as well as 'hands on the wheel, eyes on the road' manipulation of audio, video, navigation and climate control," says Mark Fitzgerald, Senior Analyst, Automotive Service. "All manufacturers are looking forward to benefiting from innovations in voice technology."
About Strategy Analytics
Strategy Analytics, Inc. - a global research and consulting firm - provides timely insights and strategic business solutions to companies operating at the convergence of information, communications and entertainment technologies. With worldwide headquarters in Boston, MA. and principal offices in England, France and Germany, Strategy Analytics focuses on market opportunities and challenges in the areas of Automotive Electronics & Multimedia, Digital Consumer, Wireless Strategies and Enabling Technologies. For more information, see www.strategyanalytics.com.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express