Global Automotive digital voice assistants Market Analysis by Type, Processing, Vehicle Type, Vehicle Powertrain Type, Technology, Sales Channel, Service Type, Region and segments forecast till 2033
Market Overview
The global automotive digital voice assistants market was worth USD 11,200 million in 2022 and is poised to register a CAGR of 31.2%, thereby accumulating a valuation of USD 30,740 million by end of the assessment timeframe.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 11,200 million |
Market Forecast in 2033 | USD 30,740 million |
CAGR % 2023-2033 | 31.2% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Apple Inc., Artificial Solutions, Baidu, BMW AG, Cerence, Cisco System, Inc., Continental AG, Dialogflow, Ford, Garmin, Google, LLC, Hyundai, HARMAN International, IBM, Kardome Technologies Ltd., Linglong, Nuance, Robin Labs, Roav, Saltlux, Samsung electronics, Sherpa, SoundHound, Tesla, VW, and Amazon.com, Inc. |
Global Automotive digital voice assistants Market- Description
An automotive digital voice assistant is equipped with the voice recognition, AI, and machine learning technologies that enables it to follow human voice commands and perform the instructed tasks. It is typically integrated in a vehicle to enable drivers to have an efficient and safe hands-free experience. With technological advancements, automotive voice assistants are also used to schedule appointments, book services, order takeout, make phone calls, and control navigation. Rapid advancements in voice-based AI technologies, rising vehicle sales, and increasing per capita income of the masses are primarily augmenting the industry outlook.
Moreover, the surging popularity of connected devices and growing efforts of vehicle manufacturers to integrate innovative technologies in their automotive range are positively swaying the market dynamics. Also, escalating demand for smart devices, economic developments across major nations, and rising R&D investments in the field are creating lucrative opportunities for the industry to prosper. However, rising concerns pertaining to the malfunctions of voice assistants is hindering the remuneration scope of this business sphere.
Furthermore, the outrage of the COVID-19 pandemic had a negative impact on the overall market growth. Supply chain disruptions and halt in manufacturing activities across the globe reduced the production rate and vehicle sales across major economies. This in turn hampered the progression of the marketplace.
Global automotive digital voice assistants market: Key Trends
· Advancements in the field of artificial intelligence to augment industry outlook:
There has been a widespread evolution in the field of artificial intelligence. With the integration of machine learning, voice assistants have been equipped with the ability to process complex queries and predict the navigation related requirements of the users. These assistants use the AI technology to provide customers with accurate information in real time. This is adding momentum to the market progression.
· Rising disposable income levels of the masses to aid market expansion:
With rapid economic developments, there has been a robust increase in disposable income of the masses across the globe. This in turn has given rise to their purchasing power, thereby boosting the sales of vehicles integrated with digital voice assistants which are generally known to be costly in nature. These factors are stimulating the overall dynamics of this market sphere.
Global automotive digital voice assistants market: Segmental Analysis
By Type:
· Integrated
· Plug-in
The integrated segment is slated to register notable gains by 2033 owing to the ease of use pertaining to the integrated digital voice assistants.
By Processing:
· Embedded
· Cloud-based
· Hybrid
The cloud based segment is expected to garner significant returns due to its affordability and scalability.
By Vehicle Type:
· Passenger Vehicles
· Commercial Vehicles
The passenger vehicles segment is anticipated to grow significantly over the analysis timeline ascribing to the rise in vehicle sales due to rapid economic developments across major regions.
By Vehicle Powertrain Type:
· ICE Vehicles
· Electric Vehicles
· Hybrid Vehicles
By Technology:
· AI
· Non-AI
The AI technology segment is poised to amplify with a high CAGR owing to the ability of AI-based digital voice assistants to handle complexed user queries.
By Sales Channel:
· OEMs
· After-market
By Service Type:
· General Services
· OTT Services
· Hybrid
Global automotive digital voice assistants market: Geographical landscape
The major regions defining the geographical terrain of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, North America is projected to expand with a substantial CAGR. This is attributable to the increasing per capita income of individuals, rise in vehicle sales, and presence of prominent vendors.
Global Automotive digital voice assistants Market- Recent Developments
· Notably, in March 2019, Apple, Inc. announced the acquisition of the machine learning startup, Laserlike. This decision was aimed at empowering Apple based voice assistant Siri to deliver better performance and provide personalized results to the users.
Global Automotive digital voice assistants Market: Key Companies
· Apple Inc.
· Artificial Solutions
· Baidu
· BMW AG
· Cerence
· Cisco System, Inc.
· Continental AG
· Dialogflow
· Ford
· Garmin
· Google, LLC
· Hyundai
· HARMAN International
· IBM
· Kardome Technologies Ltd.
· Linglong
· Nuance
· Roav
· Saltlux
· Samsung electronic
· Sherpa
· SoundHound
· Tesla
· VW
· Amazon.com, Inc.
· Others
Global Automotive digital voice assistants Market: Regional Scope
North America
· U.S.
· Canada
· Mexico
Europe
· U.K.
· Germany
· France
· Italy
· Spain
· Rest of Europe
Asia Pacific
· China
· India
· Japan
· South Korea
· Australia
· Rest of Asia Pacific
South America
· Brazil
· Argentina
· Rest of South America
Middle East and Africa
· Saudi Arabia
· UAE
· Egypt
· South Africa
· Rest of Middle East and Africa
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1. Global Automotive Digital Voice Assistants Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Automotive Digital Voice Assistants Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years – 2020 to 2021
1.3.2. Projected Data Reporting Years – 2022 to 2033
1.3.3. Reporting Data Parameters – Value (US$ Million)
1.4. Global Automotive Digital Voice Assistants Market Scope and Market Estimation
1.4.1. Global Automotive Digital Voice Assistants Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Automotive Digital Voice Assistants Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Automotive Digital Voice Assistants Market Segmentation
1.5.1. Type of Global Automotive Digital Voice Assistants Market
1.5.2. Processing of Global Automotive Digital Voice Assistants Market
1.5.3. Vehicle Type of Global Automotive Digital Voice Assistants Market
1.5.4. Vehicle Powertrain Type of Global Automotive Digital Voice Assistants Market
1.5.5. Technology of Global Automotive Digital Voice Assistants Market
1.5.6. Sales Channel of Global Automotive Digital Voice Assistants Market
1.5.7. Service Type of Global Automotive Digital Voice Assistants Market
1.5.8. Key Regions of Global Automotive Digital Voice Assistants Market
2. Global Automotive Digital Voice Assistants Market - Executive Summary
2.1. Global Automotive Digital Voice Assistants Market – Summary & Snapshot
2.2. Global Automotive Digital Voice Assistants Market, By Type (US$ Million)
2.3. Global Automotive Digital Voice Assistants Market, By Processing (US$ Million)
2.4. Global Automotive Digital Voice Assistants Market, By Vehicle Type (US$ Million)
2.5. Global Automotive Digital Voice Assistants Market, By Vehicle Powertrain Type (US$ Million)
2.6. Global Automotive Digital Voice Assistants Market, By Technology (US$ Million)
2.7. Global Automotive Digital Voice Assistants Market, By Sales Channel (US$ Million)
2.8. Global Automotive Digital Voice Assistants Market, By Service Type (US$ Million)
2.9. Global Automotive Digital Voice Assistants Market, By Geography (US$ Million)
2.10. Global Automotive Digital Voice Assistants Market Outlook & Future Opportunities
3. Automotive Digital Voice Assistants Market Trends, Outlook, and Factors Analysis
3.1. Global Automotive Digital Voice Assistants Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Automotive Digital Voice Assistants Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Automotive Digital Voice Assistants Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Rapid Growth of IoT Data and development of AI enabling more developed voice assistance technologies
3.2.1.2. Growing preference of consumers to Vehicle with digital voice assistance across the globe.
3.2.1.3. Driver 3
3.2.1.4. Driver 4
3.2.2. Restraints
3.2.2.1. High cost of installation and maintenance which not bearable to middle level consumers.
3.2.2.2. Restraint 2
3.2.3. Opportunities
3.2.3.1. Significant investment by several major auto players in development of voice controlled assistance technology.
3.2.3.2. Growing demand for automobiles across emerging economies due to upsurge in disposable income.
3.2.3.3. Opportunity 3
3.2.3.4. Opportunity 4
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porter’s Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Automotive Digital Voice Assistants Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Automotive Digital Voice Assistants Market
3.9.1. By Type
3.9.2. By Processing
3.9.3. By Vehicle Type
3.9.4. By Vehicle Powertrain Type
3.9.5. By Technology
3.9.6. By Sales Channel
3.9.7. By Service Type
3.9.8. By Regions
4. Global Automotive Digital Voice Assistants Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Automotive Digital Voice Assistants Market – Summary & Snapshot
4.2. Global Automotive Digital Voice Assistants Market, By Type (US$ Million)
4.3. Global Automotive Digital Voice Assistants Market, By Processing (US$ Million)
4.4. Global Automotive Digital Voice Assistants Market, By Vehicle Type (US$ Million)
4.5. Global Automotive Digital Voice Assistants Market, By Vehicle Powertrain Type (US$ Million)
4.6. Global Automotive Digital Voice Assistants Market, By Technology (US$ Million)
4.7. Global Automotive Digital Voice Assistants Market, By Sales Channel (US$ Million)
4.8. Global Automotive Digital Voice Assistants Market, By Service Type (US$ Million)
4.9. Global Automotive Digital Voice Assistants Market, By Region, 2020 to 2021 (US$ Million)
5. Global Automotive Digital Voice Assistants Market Estimates & Forecast Trend Analysis, by Type
5.1. Global Automotive Digital Voice Assistants Market Share (%) Estimates and Forecasts, by Type, 2022 & 2033
5.2. Global Automotive Digital Voice Assistants Market Revenue (US$ Million) Estimates and Forecasts, by Type, 2022 to 2033
5.2.1. Integrated
5.2.2. Plug-in
6. Global Automotive Digital Voice Assistants Market Estimates & Forecast Trend Analysis, by Processing
6.1. Global Automotive Digital Voice Assistants Market Share (%) Estimates and Forecasts, by Processing, 2022 & 2033
6.2. Global Automotive Digital Voice Assistants Market Revenue (US$ Million) Estimates and Forecasts, by Processing, 2022 to 2033
6.2.1. Embedded
6.2.2. Cloud-based
6.2.3. Hybrid
7. Global Automotive Digital Voice Assistants Market Estimates & Forecast Trend Analysis, by Vehicle Type
7.1. Global Automotive Digital Voice Assistants Market Share (%) Estimates and Forecasts, by Vehicle Type, 2022 & 2033
7.2. Global Automotive Digital Voice Assistants Market Revenue (US$ Million) Estimates and Forecasts, by Vehicle Type, 2022 to 2033
7.2.1. Passenger Vehicles
7.2.2. Commercial Vehicles
8. Global Automotive Digital Voice Assistants Market Estimates & Forecast Trend Analysis, by Vehicle Powertrain Type
8.1. Global Automotive Digital Voice Assistants Market Share (%) Estimates and Forecasts, by Vehicle Powertrain Type, 2022 & 2033
8.2. Global Automotive Digital Voice Assistants Market Revenue (US$ Million) Estimates and Forecasts, by Vehicle Powertrain Type, 2022 to 2033
8.2.1. ICE Vehicles
8.2.2. Electric Vehicles
8.2.3. Hybrid Vehicles
9. Global Automotive Digital Voice Assistants Market Estimates & Forecast Trend Analysis, by Technology
9.1. Global Automotive Digital Voice Assistants Market Share (%) Estimates and Forecasts, by Technology, 2022 & 2033
9.2. Global Automotive Digital Voice Assistants Market Revenue (US$ Million) Estimates and Forecasts, by Technology, 2022 to 2033
9.2.1. AI
9.2.2. Non-AI
10. Global Automotive Digital Voice Assistants Market Estimates & Forecast Trend Analysis, by Sales Channel
10.1. Global Automotive Digital Voice Assistants Market Share (%) Estimates and Forecasts, by Sales Channel, 2022 & 2033
10.2. Global Automotive Digital Voice Assistants Market Revenue (US$ Million) Estimates and Forecasts, by Sales Channel, 2022 to 2033
10.2.1. OEMs
10.2.2. After-market
11. Global Automotive Digital Voice Assistants Market Estimates & Forecast Trend Analysis, by Service Type
11.1. Global Automotive Digital Voice Assistants Market Share (%) Estimates and Forecasts, by Service Type, 2022 & 2033
11.2. Global Automotive Digital Voice Assistants Market Revenue (US$ Million) Estimates and Forecasts, by Service Type, 2022 to 2033
11.2.1. General Services
11.2.2. OTT Services
11.2.3. Hybrid
12. Global Automotive Digital Voice Assistants Market Analysis and Forecast, by Region
12.1. Global Automotive Digital Voice Assistants Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
12.2. Global Automotive Digital Voice Assistants Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033
12.2.1. North America
12.2.2. Europe
12.2.3. Asia Pacific
12.2.4. Middle East and Africa
12.2.5. Latin America
13. North America Automotive Digital Voice Assistants Market: Estimates & Forecast Trend Analysis
13.1. North America Automotive Digital Voice Assistants Market Assessments & Key Findings
13.2. North America Automotive Digital Voice Assistants Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. North America Automotive Digital Voice Assistants Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
13.3.1. By Type
13.3.2. By Processing
13.3.3. By Vehicle Type
13.3.4. By Vehicle Powertrain Type
13.3.5. By Technology
13.3.6. By Sales Channel
13.3.7. By Service Type
13.3.8. By Major Country
13.3.8.1. The U.S.
13.3.8.2. Canada
14. Europe Automotive Digital Voice Assistants Market: Estimates & Forecast Trend Analysis
14.1. Europe Automotive Digital Voice Assistants Market Assessments & Key Findings
14.2. Europe Automotive Digital Voice Assistants Market Share (%) Estimates and Forecasts, 2022 & 2033
14.3. Europe Automotive Digital Voice Assistants Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
14.3.1. By Type
14.3.2. By Processing
14.3.3. By Vehicle Type
14.3.4. By Vehicle Powertrain Type
14.3.5. By Technology
14.3.6. By Sales Channel
14.3.7. By Service Type
14.3.8. By Major Country
14.3.8.1. Germany
14.3.8.2. The U.K.
14.3.8.3. France
14.3.8.4. Italy
14.3.8.5. Spain
14.3.8.6. Rest of Europe (includes all other European countries)
15. Asia Pacific Automotive Digital Voice Assistants Market: Estimates & Forecast Trend Analysis
15.1. Asia Pacific Automotive Digital Voice Assistants Market Assessments & Key Findings
15.2. Asia Pacific Automotive Digital Voice Assistants Market Share (%) Estimates and Forecasts, 2022 & 2033
15.3. Asia Pacific Automotive Digital Voice Assistants Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
15.3.1. By Type
15.3.2. By Processing
15.3.3. By Vehicle Type
15.3.4. By Vehicle Powertrain Type
15.3.5. By Technology
15.3.6. By Sales Channel
15.3.7. By Service Type
15.3.8. By Major Country
15.3.8.1. China
15.3.8.2. Japan
15.3.8.3. India
15.3.8.4. ASEAN
15.3.8.5. South Korea
15.3.8.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
16. Middle East & Africa Automotive Digital Voice Assistants Market: Estimates & Forecast Trend Analysis
16.1. Middle East & Africa Automotive Digital Voice Assistants Market Assessments & Key Findings
16.2. Middle East & Africa Automotive Digital Voice Assistants Market Share (%) Estimates and Forecasts, 2022 & 2033
16.3. Middle East & Africa Automotive Digital Voice Assistants Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
16.3.1. By Type
16.3.2. By Processing
16.3.3. By Vehicle Type
16.3.4. By Vehicle Powertrain Type
16.3.5. By Technology
16.3.6. By Sales Channel
16.3.7. By Service Type
16.3.8. By Major Country
16.3.8.1. GCC
16.3.8.2. South Africa
16.3.8.3. Egypt
16.3.8.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
17. Latin America Automotive Digital Voice Assistants Market: Estimates & Forecast Trend Analysis
17.1. Latin America Market Assessments & Key Findings
17.2. Latin America Automotive Digital Voice Assistants Market Share (%) Estimates and Forecasts, 2022 & 2033
17.3. Latin America Automotive Digital Voice Assistants Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
17.3.1. By Type
17.3.2. By Processing
17.3.3. By Vehicle Type
17.3.4. By Vehicle Powertrain Type
17.3.5. By Technology
17.3.6. By Sales Channel
17.3.7. By Service Type
17.3.8. By Major Country
17.3.8.1. Brazil
17.3.8.2. Mexico
17.3.8.3. Rest of Latin America (includes all other Latin America countries)
18. Competitive Landscape
18.1. Automotive Digital Voice Assistants Market Revenue Share Analysis (%), by Major Players (2021)
18.2. Automotive Digital Voice Assistants Market Competition Matrix, by Leading Players
18.3. Automotive Digital Voice Assistants List of Emerging, Prominent and Leading Players
18.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
19. Company Profiles
19.1. Amazon.com, Inc.
19.1.1. Company Overview & Insights
19.1.2. Financial Performance
19.1.3. Product / Service Portfolio
19.1.4. Geographical Footprint & Share
19.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
19.2. Apple Inc.
19.3. Artificial Solutions
19.4. Baidu
19.5. BMW AG
19.6. Cerence
19.7. Cisco System, Inc.
19.8. Continental AG
19.9. Dialogflow
19.10. Ford
19.11. Garmin
19.12. Google, LLC
19.13. Hyundai
19.14. HARMAN International
19.15. IBM
19.16. Kardome Technologies Ltd.
19.17. Linglong
19.18. Mobvoi
19.19. Nuance
19.20. Robin Labs
19.21. Roav
19.22. Saltlux
19.23. Samsung electronics
19.24. Sherpa
19.25. SoundHound
19.26. Tesla
19.27. VW
19.28. Others
20. Assumptions and Research Methodology
20.1. Data Mining
20.2. Secondary Research
20.3. Primary Research
20.4. Subject Matter Expert Advice
20.5. Quality Check
20.6. Final Review
20.7. Data Triangulation
20.8. Bottom-Up Approach
20.9. Top Down Approach
20.10. Research Flow
20.11. Key Insights from Industry Experts
20.12. Data Sources
20.13. Assumptions
20.14. Limitations
21. Conclusions and Recommendations
21.1. Key Research Findings and Conclusion
21.2. Key Insights & Recommendations from Analysts
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One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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