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Voice Search Market Size, Share & Trends Analysis Report By Type (Generic Search, Context-aware Search), By Application (Consumer Electronics, Smart Speakers), By End-use (Automotive, Retail), By Region (North America, Europe), And Segment Forecasts, 2024 - 2030

May 2024 | 100 pages | ID: VA1244E4C6D5EN
Grand View Research, Inc.

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Voice Search Market Growth & Trends

The global voice search market is anticipated to reach USD 13.88 billion by 2030, registering a CAGR of 23.8% during the forecast period, according to a new report by Grand View Research, Inc. The market growth is driven by the widespread adoption of smart devices and the integration of voice assistants into smart homes. The expansion of smart home technology, including connected appliances, lighting, and security systems, further fuels the demand for voice search capabilities as users seek smooth control and automation of living spaces.

According to the Secure Data Recovery study of 2023, the use of smart technology is rapidly increasing throughout the U.S. Connecticut, Utah, and Maryland have the highest percentages of smart home usage, with 28.2%, 27.8%, and 27.6% of their respective populations using smart technology. The report states that the adoption of smart home technology surged, with the percentage of smart households increasing from 6.9% in 2015 to 22.3% in 2023. The advancements in smart entertainment industry significantly drives this growth.

Innovations such as Natural Language Processing (NLP), Machine Learning (ML), and deep learning algorithms enhance the accuracy and effectiveness of voice search systems, making them more reliable and user-friendly. These technological developments enable more precise interpretation of user queries and also facilitate better understanding of context and intent, resulting in more relevant search results and personalized recommendations.

As voice recognition technology continues to evolve, with enhancements in multilingual support, accent recognition, and real-time processing capabilities, it is further driving the market growth by expanding its utility across diverse applications and industries. For instance, in August 2023, Amazon reported a 21% rise in the use of multilingual mode on Alexa-powered devices in 2022. The company noted that nearly half of the Echo smart speaker users prefer to interact with Alexa in Indian-English/Hindi through the multilingual mode.

Voice Search Market Report Highlights
  • The generic search type segment accounted for the largest revenue share of 53.6% in 2023 owing to the growth of smart assistants and chatbots in various applications and services.
  • The smart speakers application segment is anticipated to witness a significant growth during the forecast period due to the smooth integration of voice search capabilities into smart speakers, enhancing their utility.
  • The automotive end-use segment accounted for the largest revenue share in 2023 due to the increasing emphasis on safety regulations and distracted driving prevention measure.
  • North America dominated the market with a share of 31.9% in 2023 due to the rising adoption of voice commerce, or v-commerce as consumers increasingly use voice commands to shop, and perform various transactions.
  • In December 2023, Apple Inc. announced that Siri would have access and log Health app data on the Apple Watch Series 9 and Apple Watch Ultra 2, with the help of Apple's watch chip, S9 SiP. On-device processing ensures user privacy by keeping Health app data on the device when Siri responds to voice requests related to over 20 Health app data types.
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Segment Definitions
  1.2.1. Type
  1.2.2. Application
  1.2.3. End-use
  1.2.4. Regional scope
  1.2.5. Estimates and forecasts timeline
1.3. Research Methodology
1.4. Information Procurement
  1.4.1. Purchased database
  1.4.2. GVR’s internal database
  1.4.3. Secondary sources
  1.4.4. Primary research
  1.4.5. Details of primary research
1.5. Research Scope and Assumptions
  1.5.1. List of data sources

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Segment Outlook
  2.2.1. Type outlook
  2.2.2. Application outlook
  2.2.3. End-use outlook
2.3. Competitive Insights

CHAPTER 3. VOICE SEARCH MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Lineage Outlook
  3.1.1. Parent market outlook
  3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
  3.2.1. Market driver analysis
  3.2.2. Market restraint analysis
  3.2.3. Market opportunity analysis
3.3. Voice Search Market Analysis Tools
  3.3.1. Industry Analysis - Porter’s Five Forces
    3.3.1.1. Supplier power
    3.3.1.2. Buyer power
    3.3.1.3. Substitution threat
    3.3.1.4. Threat of new entrant
    3.3.1.5. Competitive rivalry
  3.3.2. PESTEL Analysis
    3.3.2.1. Political landscape
    3.3.2.2. Economic landscape
    3.3.2.3. Social landscape
    3.3.2.4. Technological landscape
    3.3.2.5. Environmental landscape
    3.3.2.6. Legal landscape

CHAPTER 4. VOICE SEARCH MARKET: TYPE ESTIMATES & TREND ANALYSIS

4.1. Type Market Share, 2023 & 2030
4.2. Segment Dashboard
4.3. Global Voice Search Market by Type Outlook
4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Following
  4.4.1. Generic Search
    4.4.1.1. Generic search market estimates and forecasts 2018 to 2030 (USD Million)
  4.4.2. Context-aware search
    4.4.2.1. Context-aware search market estimates and forecasts 2018 to 2030 (USD Million)
  4.4.3. Proactive search
    4.4.3.1. Proactive search market estimates and forecasts 2018 to 2030 (USD Million)

CHAPTER 5. VOICE SEARCH MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

5.1. Application Market Share, 2023 & 2030
5.2. Segment Dashboard
5.3. Global Voice Search Market by Application Outlook
5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Following
  5.4.1. Consumer Electronics
    5.4.1.1. Consumer electronics market estimates and forecasts 2018 to 2030 (USD Million)
  5.4.2. Smart Speakers
    5.4.2.1. Smart speakers market estimates and forecasts 2018 to 2030 (USD Million)

CHAPTER 6. VOICE SEARCH MARKET: END-USE & TREND ANALYSIS

6.1. End-use Market Share, 2023 & 2030
6.2. Segment Dashboard
6.3. Global Voice Search Market by End-use Outlook
6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Following
  6.4.1. Automotive
    6.4.1.1. Automotive market estimates and forecasts 2018 to 2030 (USD Million)
  6.4.2. Retail
    6.4.2.1. Retail market estimates and forecasts 2018 to 2030 (USD Million)
  6.4.3. Healthcare
    6.4.3.1. Healthcare market estimates and forecasts 2018 to 2030 (USD Million)
  6.4.4. Education
    6.4.4.1. Education market estimates and forecasts 2018 to 2030 (USD Million)
  6.4.5. Others
    6.4.5.1. Others market estimates and forecasts 2018 to 2030 (USD Million)

CHAPTER 7. VOICE SEARCH MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

7.1. Regional Market Share Analysis, 2023 & 2030
7.2. Regional Market Dashboard
7.3. Global Regional Market Snapshot
7.4. Market Size, & Forecasts Trend Analysis, 2018 to 2030:
7.5. North America
  7.5.1. North America market estimates and forecasts 2018 to 2030 (USD Million)
  7.5.2. U.S.
    7.5.2.1. U.S. market estimates and forecasts 2018 to 2030 (USD Million)
  7.5.3. Canada
    7.5.3.1. Canada market estimates and forecasts 2018 to 2030 (USD Million)
7.6. Europe
  7.6.1. Europe market estimates and forecasts 2018 to 2030 (USD Million)
  7.6.2. UK
    7.6.2.1. UK market estimates and forecasts 2018 to 2030 (USD Million)
  7.6.3. Germany
    7.6.3.1. Germany market estimates and forecasts 2018 to 2030 (USD Million)
  7.6.4. France
    7.6.4.1. France market estimates and forecasts 2018 to 2030 (USD Million)
  7.6.5. Italy
    7.6.5.1. Italy market estimates and forecasts 2018 to 2030 (USD Million)
7.7. Asia Pacific
  7.7.1. Asia Pacific market estimates and forecasts 2018 to 2030 (USD Million)
  7.7.2. Japan
    7.7.2.1. Japan market estimates and forecasts 2018 to 2030 (USD Million)
  7.7.3. China
    7.7.3.1. China market estimates and forecasts 2018 to 2030 (USD Million)
  7.7.4. India
    7.7.4.1. India market estimates and forecasts 2018 to 2030 (USD Million)
  7.7.5. Australia
    7.7.5.1. Australia market estimates and forecasts 2018 to 2030 (USD Million)
  7.7.6. South Korea
    7.7.6.1. South Korea market estimates and forecasts 2018 to 2030 (USD Million)
7.8. Latin America
  7.8.1. Latin America market estimates and forecasts 2018 to 2030 (USD Million)
  7.8.2. Brazil
    7.8.2.1. Brazil market estimates and forecasts 2018 to 2030 (USD Million)
  7.8.3. Mexico
    7.8.3.1. Mexico market estimates and forecasts 2018 to 2030 (USD Million)
  7.8.4. Argentina
    7.8.4.1. Argentina market estimates and forecasts 2018 to 2030 (USD Million)
7.9. MEA
  7.9.1. MEA market estimates and forecasts 2018 to 2030 (USD Million)
  7.9.2. South Africa
    7.9.2.1. South Africa market estimates and forecasts 2018 to 2030 (USD Million)
  7.9.3. Saudi Arabia
    7.9.3.1. Saudi Arabia market estimates and forecasts 2018 to 2030 (USD Million)
  7.9.4. UAE
    7.9.4.1. UAE market estimates and forecasts 2018 to 2030 (USD Million)

CHAPTER 8. COMPETITIVE LANDSCAPE

8.1. Recent developments & impact analysis, by key market participants
8.2. Company categorization
8.3. Company market positioning
8.4. Company heat map analysis
8.5. Strategy mapping
  8.5.1. Expansion
  8.5.2. Mergers & acquisition
  8.5.3. Partnerships & collaborations
  8.5.4. New product launches
  8.5.5. Research and development
8.6. Company Profiles
  8.6.1. Advanced Voice Recognition Systems, Inc.
    8.6.1.1. Company overview
    8.6.1.2. Financial performance
    8.6.1.3. Product benchmarking
    8.6.1.4. Strategic initiatives
  8.6.2. Apple, Inc.
    8.6.2.1. Company overview
    8.6.2.2. Financial performance
    8.6.2.3. Product benchmarking
    8.6.2.4. Strategic initiatives
  8.6.3. Baidu, Inc.
    8.6.3.1. Company overview
    8.6.3.2. Financial performance
    8.6.3.3. Product benchmarking
    8.6.3.4. Strategic initiatives
  8.6.4. BioTrust ID B.V.
    8.6.4.1. Company overview
    8.6.4.2. Financial performance
    8.6.4.3. Product benchmarking
    8.6.4.4. Strategic initiatives
  8.6.5. CastleOS Software, LLC
    8.6.5.1. Company overview
    8.6.5.2. Financial performance
    8.6.5.3. Product benchmarking
    8.6.5.4. Strategic initiatives
  8.6.6. Google, Inc.
    8.6.6.1. Company overview
    8.6.6.2. Financial performance
    8.6.6.3. Product benchmarking
    8.6.6.4. Strategic initiatives
  8.6.7. International Business Machines Corp.
    8.6.7.1. Company overview
    8.6.7.2. Financial performance
    8.6.7.3. Product benchmarking
    8.6.7.4. Strategic initiatives
  8.6.8. Microsoft Corp.
    8.6.8.1. Company overview
    8.6.8.2. Financial performance
    8.6.8.3. Product benchmarking
    8.6.8.4. Strategic initiatives
  8.6.9. MindMeld
    8.6.9.1. Company overview
    8.6.9.2. Financial performance
    8.6.9.3. Product benchmarking
    8.6.9.4. Strategic initiatives
  8.6.10. MModal, Inc.
    8.6.10.1. Company overview
    8.6.10.2. Financial performance
    8.6.10.3. Product benchmarking
    8.6.10.4. Strategic initiatives
  8.6.11. Nortek Holdings, Inc.
    8.6.11.1. Company overview
    8.6.11.2. Financial performance
    8.6.11.3. Product benchmarking
    8.6.11.4. Strategic initiatives
  8.6.12. Sensory, Inc.
    8.6.12.1. Company overview
    8.6.12.2. Financial performance
    8.6.12.3. Product benchmarking
    8.6.12.4. Strategic initiatives

LIST OF TABLES


Table 1 List of abbreviations
Table 2 Global voice search market, by type, 2018 - 2030 (USD Million)
Table 3 Global voice search market, by application, 2018 - 2030 (USD Million)
Table 4 Global voice search market, by end-use, 2018 - 2030 (USD Million)
Table 5 Global voice search market, by region, 2018 - 2030 (USD Million)
Table 6 North America voice search market, by type, 2018 - 2030 (USD Million)
Table 7 North America voice search market, by application, 2018 - 2030 (USD Million)
Table 8 North America voice search market, by end-use, 2018 - 2030 (USD Million)
Table 9 U.S. voice search market, by type, 2018 - 2030 (USD Million)
Table 10 U.S. voice search market, by application, 2018 - 2030 (USD Million)
Table 11 U.S. voice search market, by end-use, 2018 - 2030 (USD Million)
Table 12 Canada voice search market, by type, 2018 - 2030 (USD Million)
Table 13 Canada voice search market, by application, 2018 - 2030 (USD Million)
Table 14 Canada voice search market, by end-use, 2018 - 2030 (USD Million)
Table 15 Europe voice search market, by region, 2018 - 2030 (USD Million)
Table 16 Europe voice search market, by type, 2018 - 2030 (USD Million)
Table 17 Europe voice search market, by application, 2018 - 2030 (USD Million)
Table 18 Europe voice search market, by enterprise size, 2018 - 2030 (USD Million)
Table 19 Europe voice search market, by end-use, 2018 - 2030 (USD Million)
Table 20 Germany voice search market, by application, 2018 - 2030 (USD Million)
Table 21 Germany voice search market, by enterprise size, 2018 - 2030 (USD Million)
Table 22 Germany voice search market, by end-use, 2018 - 2030 (USD Million)
Table 23 UK voice search market, by type, 2018 - 2030 (USD Million)
Table 24 UK voice search market, by application, 2018 - 2030 (USD Million)
Table 25 UK voice search market, by end-use, 2018 - 2030 (USD Million)
Table 26 France voice search market, by type, 2018 - 2030 (USD Million)
Table 27 France voice search market, by application, 2018 - 2030 (USD Million)
Table 28 France voice search market, by end-use, 2018 - 2030 (USD Million)
Table 29 Italy voice search market, by type, 2018 - 2030 (USD Million)
Table 30 Italy voice search market, by application, 2018 - 2030 (USD Million)
Table 31 Italy voice search market, by end-use, 2018 - 2030 (USD Million)
Table 32 Asia Pacific voice search market, by region, 2018 - 2030 (USD Million)
Table 33 Asia Pacific voice search market, by type, 2018 - 2030 (USD Million)
Table 34 Asia Pacific voice search market, by application, 2018 - 2030 (USD Million)
Table 35 Asia Pacific voice search market, by end-use, 2018 - 2030 (USD Million)
Table 36 China voice search market, by type, 2018 - 2030 (USD Million)
Table 37 China voice search market, by application, 2018 - 2030 (USD Million)
Table 38 China voice search market, by end-use, 2018 - 2030 (USD Million)
Table 39 Japan voice search market, by type, 2018 - 2030 (USD Million)
Table 40 Japan voice search market, by application, 2018 - 2030 (USD Million)
Table 41 Japan voice search market, by end-use, 2018 - 2030 (USD Million)
Table 42 India voice search market, by type, 2018 - 2030 (USD Million)
Table 43 India voice search market, by application, 2018 - 2030 (USD Million)
Table 44 India voice search market, by end-use, 2018 - 2030 (USD Million)
Table 45 South Korea voice search market, by type, 2018 - 2030 (USD Million)
Table 46 South Korea voice search market, by application, 2018 - 2030 (USD Million)
Table 47 South Korea voice search market, by end-use, 2018 - 2030 (USD Million)
Table 48 Australia voice search market, by type, 2018 - 2030 (USD Million)
Table 49 Australia voice search market, by application, 2018 - 2030 (USD Million)
Table 50 Australia voice search market, by end-use, 2018 - 2030 (USD Million)
Table 51 Latin America voice search market, by type, 2018 - 2030 (USD Million)
Table 52 Latin America voice search market, by application, 2018 - 2030 (USD Million)
Table 53 Latin America voice search market, by end-use, 2018 - 2030 (USD Million)
Table 54 Brazil voice search market, by type, 2018 - 2030 (USD Million)
Table 55 Brazil voice search market, by application, 2018 - 2030 (USD Million)
Table 56 Brazil voice search market, by end-use, 2018 - 2030 (USD Million)
Table 57 Mexico voice search market, by type, 2018 - 2030 (USD Million)
Table 58 Mexico voice search market, by application, 2018 - 2030 (USD Million)
Table 59 Mexico voice search market, by end-use, 2018 - 2030 (USD Million)
Table 60 Argentina voice search market, by type, 2018 - 2030 (USD Million)
Table 61 Argentina voice search market, by application, 2018 - 2030 (USD Million)
Table 62 Argentina voice search market, by end-use, 2018 - 2030 (USD Million)
Table 63 MEA voice search market, by region, 2018 - 2030 (USD Million)
Table 64 MEA voice search market, by type, 2018 - 2030 (USD Million)
Table 65 MEA voice search market, by application, 2018 - 2030 (USD Million)
Table 66 MEA voice search market, by end-use, 2018 - 2030 (USD Million)
Table 67 South Africa voice search market, by type, 2018 - 2030 (USD Million)
Table 68 South Africa voice search market, by application, 2018 - 2030 (USD Million)
Table 69 South Africa voice search market, by end-use, 2018 - 2030 (USD Million)
Table 70 Saudi Arabia voice search market, by type, 2018 - 2030 (USD Million)
Table 71 Saudi Arabia voice search market, by application, 2018 - 2030 (USD Million)
Table 72 Saudi Arabia voice search market, by end-use, 2018 - 2030 (USD Million)
Table 73 UAE voice search market, by type, 2018 - 2030 (USD Million)
Table 74 UAE voice search market, by application, 2018 - 2030 (USD Million)
Table 75 UAE voice search market, by end-use, 2018 - 2030 (USD Million)
LIST OF FIGURES


Fig. 1 Market research process
Fig. 2 Voice search market segmentation
Fig. 3 Voice search landscape
Fig. 4 Information procurement
Fig. 5 Data analysis models
Fig. 6 Market formulation and validation
Fig. 7 Data validating & publishing
Fig. 8 Market snapshot
Fig. 9 Segment snapshot (1/2)
Fig. 10 Segment snapshot (2/2)
Fig. 11 Competitive landscape snapshot
Fig. 12 Voice search market: Industry value chain analysis
Fig. 13 Voice search market: Market dynamics
Fig. 14 Voice search market: PORTER's analysis
Fig. 15 Voice search market: PESTEL analysis
Fig. 16 Voice search market: Type movement analysis
Fig. 17 Voice search market: Type outlook and key takeaways
Fig. 18 Generic Search market estimates and forecast, 2018 - 2030
Fig. 19 Context-aware search market estimates and forecast, 2018 - 2030
Fig. 20 Proactive search market estimates and forecast, 2018 - 2030
Fig. 21 Voice search market: Application movement Analysis
Fig. 22 Voice search market: Application outlook and key takeaways
Fig. 23 Consumer electronics market estimates and forecasts, 2018 - 2030
Fig. 24 Smart speakers market estimates and forecasts, 2018 - 2030
Fig. 25 Voice search market: End-use movement analysis
Fig. 26 Voice search market: End-use outlook and key takeaways
Fig. 27 Automotive market estimates and forecasts, 2018 - 2030
Fig. 28 Retail market estimates and forecasts, 2018 - 2030
Fig. 29 Healthcare market estimates and forecasts, 2018 - 2030
Fig. 30 Education market estimates and forecasts, 2018 - 2030
Fig. 31 Others market estimates and forecasts, 2018 - 2030
Fig. 32 Global voice search market: Regional movement analysis
Fig. 33 Global voice search market: Regional outlook and key takeaways
Fig. 34 North America voice search market estimates and forecasts, 2018 - 2030
Fig. 35 U.S. voice search market estimates and forecasts, 2018 - 2030
Fig. 36 Canada voice search market estimates and forecasts, 2018 - 2030
Fig. 37 Europe voice search market estimates and forecasts, 2018 - 2030
Fig. 38 UK voice search market estimates and forecasts, 2018 - 2030
Fig. 39 Germany voice search market estimates and forecasts, 2018 - 2030
Fig. 40 France voice search market estimates and forecasts, 2018 - 2030
Fig. 41 Italy voice search market estimates and forecasts, 2018 - 2030
Fig. 42 Asia Pacific voice search market estimates and forecasts, 2018 - 2030
Fig. 43 China voice search market estimates and forecasts, 2018 - 2030
Fig. 44 Japan voice search market estimates and forecasts, 2018 - 2030
Fig. 45 India voice search market estimates and forecasts, 2018 - 2030
Fig. 46 South Korea voice search market estimates and forecasts, 2018 - 2030
Fig. 47 Australia voice search market estimates and forecasts, 2018 - 2030
Fig. 48 Latin America voice search market estimates and forecasts, 2018 - 2030
Fig. 49 Brazil voice search market estimates and forecasts, 2018 - 2030
Fig. 50 Mexico voice search market estimates and forecasts, 2018 - 2030
Fig. 51 Argentina voice search market estimates and forecasts, 2018 - 2030
Fig. 52 Middle East and Africa voice search market estimates and forecasts, 2018 - 2030
Fig. 53 South Africa voice search market estimates and forecasts, 2018 - 2030
Fig. 54 Saudi Arabia voice search market estimates and forecasts, 2018 - 2030
Fig. 55 UAE voice search market estimates and forecasts, 2018 - 2030
Fig. 56 Key Company Categorization
Fig. 57 Company Market Positioning
Fig. 58 Strategic Framework


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