In-Flight Voice Recognition Market Size, Share, Global Statistics and Forecast to 2024
Research Reports
Jan 19, 2021
Market Insight
Global In-Flight Voice Recognition Market is expected to grow at a significant rate owing to high investments in aviation technology across the world. Moreover, rising military investments are expected to encourage market growth during the forecast period. Increasing air passenger traffic primarily in developing regions such as Asia-Pacific and Latin America is as also expected to foster market growth. However, the presence of ambient noise and high costs of integrating voice recognition systems in aircraft are expected to hamper market growth.
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Key Players
The key players in the Global In-Flight Voice Recognition Market are NLR-Royal Netherlands Aerospace Centre (Netherlands), Honeywell International Inc. (US), Airbus SAS (Netherlands), Raytheon Company (US), IBM Corporation (US), Rockwell Collins (US), Ryanair DAC (Ireland), Air Force Research Laboratory-Wright-Patterson Air Force Base (US), and SRI International (US).
Market Segment
Global In-Flight Voice Recognition Market has been segmented on the basis of technology, application, aircraft type, and region. On the basis of technology, the global in-flight voice recognition market has been classified as voice recognition and speech recognition. The voice recognition segment was larger while the speech recognition segment is expected to register the higher CAGR during the forecast period. Technological advancements in the field of acoustics have enabled the use of voice recognition solutions in aircraft by key players such as Honeywell International Inc.
By application, the global In-Flight Voice Recognition Market has been classified as commercial aviation and military aviation. The military aviation segment is expected to to be larger. The current in-flight voice recognition technologies being developed are compatible with commercial aircraft. The military aviation is expected to register a higher CAGR as the technology is expected to be deployed on military aircraft during the forecast period.
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