Press release
Automotive Gesture Recognition Market 2018-2024 Incredible Growth like (42% CAGR) with Industry Participants – (Apple, Harman International, Intel Corporation, Jabil, NXP Semiconductors, Qualcomm, Texas Instruments, Visteon Corporation)
Automotive Gesture Recognition Market
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Automotive Gesture Recognition Market size is estimated to reach USD 13.6 billion by 2024; according to a new research report by Global Market Insights, Inc. Touch based systems accounted for approximately 2,095.1 thousand units in 2017 and is predicted to continue its dominance over the projected time span owing to higher customer preference. Consistent advancement in the vehicle features and development in the interior are the prime factors fueling the product demand. In addition, capacitive touch pads and touch screen used for infotainment, navigation features and HVAC systems are further fueling the automotive gesture recognition market demand.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1.Apple
2. Cognitec Systems
3. Continental AG
4. eyeSight Technologies Ltd.
5. Delphi Automotive PLC
6. Gestigon Gmbh
7. Harman International
8. Intel
9. Jabil
10. Melexis
11. Navtek Solutions
12. Neonode
13. NXP Semiconductors
14. Qualcomm Inc.
15. Renesas
16. Sony Dephthsensing solutions (SoftKinetic)
17. Synaptics Incorporated
18. Texas Instruments
19. Visteon Corporation
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Multimedia, navigation and infotainment applications will witness robust growth of around 44% CAGR from 2018 to 2024. Rising trend towards customer comfort and advanced driving experience are the key features boosting the product demand. Moreover, cabin monitoring through simple gestures, avoiding distraction and reducing the probabilities of accidents will further propel the automotive gesture recognition market growth.
PCV dominates the overall market size contributing at around 85% of the overall volume share in 2017. Rising standards of living, increasing middle-class population in emerging nations in conjunction with strong GDP growth is leading to upsurge in sales of high-end and medium passenger car sales. Superior sales of premium and luxury cars installed with advanced electronic systems will boost the automotive gesture recognition market growth.
Europe accounted for the maximum revenue share of more than 43% in 2017. This dominance is credited to the continuous innovation in automotive industry along with focus on vehicle driver and passenger safety. Growing adoption of telematics control units in passenger cars to ensure occupants safety will further augment industry growth. Supporting government regulations for bringing rapid assistance to motorists involved in accidents is strengthening the industry growth. For instance, in April 2018, European Commission mandated the automobile OEMs for equipping its new cars with automated emergency services such as e-call technology for improved passenger safety.
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Key automotive gesture recognition market players are Delphi Automotive PLC, Harman International, Melexis, Continental AG, eyeSight Technologies Ltd., and Sony Depthsensing Solutions. Other notable participants include Intel, Synaptics Incorporated, Visteon Corporation and Texas Instruments. Expansion of the product portfolio, increasing regional presence and developing advanced prototypes are among the major strategies adopted by the automotive gesture recognition manufacturers. For instance, in 2018, Microchip Technology Inc. launched an advanced 3D gesture recognition controller based on a low-cost single chip solution for diversified automotive applications including navigating infotainment systems, interior lighting, sunshade operation, and foot-activated rear liftgates.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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