In Flight Voice Recognition Market to Witness 15% CAGR until 2024

Technological advancements leading to automation in aviation industry are expected to drive global in flight voice recognition market

According to TechSci Research report, “Global In Flight Voice Recognition Market By Technology, By Aircraft Type, By Application, By Region, Competition, Forecast & Opportunities, 2024”, the global in flight voice recognition market is projected  to witness an impressive CAGR of around 15% during the forecast period owing to the increasing government investments in development of advanced aviation technologies, especially in the developing countries. However, low-reliability rate for commercial aviation can hamper the growth of market during forecast period.

Browse 118 market data Figures and Tables spread through 110 Pages and an in-depth TOC on “Global In-Flight Voice Recognition Market”

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The global in flight voice recognition market is segmented based on technology, aircraft type, application, company and region. Based on technology, the market can be bifurcated into voice recognition and speech recognition. The voice recognition segment is expected to witness significant growth during forecast period since the technology is expected to be commercially adopted once it gets certified by local aviation authorities. Adacel Technologies Limited, Rockwell Collins, Honeywell International Inc., Raytheon Company, IBM Corporation, Air Force Research Laboratory-Wright-Patterson Air Force Base, Airbus Americas Inc., SRI International, Inc., Thales USA Inc, VoiceFlight Systems LLC, among others are some of the leading players operating in the global in flight voice recognition market.

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“North America is expected to dominate the market for in flight voice recognition during the forecast period, owing to the presence of established aviation industry in the region coupled with the availability of government funding for research and development projects.  Additionally, the developed IT & Telecom industry in the region is further anticipated to propel the growth of market through 2024.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global In Flight Voice Recognition Market By Technology, By Aircraft Type, By Application, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global in flight voice recognition market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global in flight voice recognition market.

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