Technavio, a tech-focused market research firm, has published a new report on the global automotive personal assistant system market, which is expected to grow at a CAGR of close to 32% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global automotive personal assistant system market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Automotive personal assistant system market in the Americas: The growth of the automotive personal assistant system market in the Americas is attributable to the high adoption of luxury vehicles in the region. In the Americas, the US and Canada are the major countries contributing to the growth of the automotive personal assistant system market. The increasing deployment of advanced connected car technologies in vehicles in the Americas is also expected to facilitate the market’s growth during the forecast period.
According to Siddharth Jaiswal, a lead analyst at Technavio, specializing in research on automotive electronics, “The high penetration of smartphones is also contributing to the adoption of integrated solutions as customers are expecting seamless connectivity with the smartphones. Additionally, the trend of spending more time in cars is benefitting the automotive personal assistant system market.”
Automotive personal assistant system market in EMEA: Europe accounted for a larger share of the automotive personal assistant system market in EMEA than the Middle East and Africa in 2016. Countries such as Germany, France, Italy, Spain, and the UK are the major contributors to the connected car market in Europe owing to the high penetration of luxury cars in these countries. The market in the Middle East and Africa will also grow with an increase in the production of luxury vehicles.
Automotive personal assistant system market in APAC: China, Japan, and India are the dominant countries in the personal assistant system market in APAC. Currently, the market in APAC is at nascent stage due to a lack of awareness and vendor offerings and the lower adoption of luxury cars compared with western markets. However, the region is poised to witness the fastest growth among all regions during the forecast period.
The leading vendors operating in the global automotive personal assistant system market are:
- Nuance Communications
- Bosch
- BMW
- Tata Motors
Other prominent vendors in the market include Alpine Electronics, Continental, Voicebox Technologies, Audi, and Wipro.
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive Personal assistant system Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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