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Europe Automotive Gesture Recognition Market to Witness an Incremental Opportunity of US$ 850 Mn by 2022

07-15-2021 01:07 AM CET | Tourism, Cars, Traffic

Press release from: Fact.MR

An improved operability of drivers is pivotal in boosting the efficiency of automobiles. Through automotive gesture recognition systems, drivers are not compelled to use physical contact for operating the vehicle’s key features, and can reserve their handheld control to steering systems.

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Automotive gesture recognition systems are becoming popular among car buyers, owing to their advantage in reducing driver distractions, and lowering the occurrence of road mishaps caused by preoccupied drivers. With growing adoption of technologies, there is a strong chance that almost every passenger car hitting the road will be equipped with automotive gesture recognition systems in the years to come.

Fact.MR’s report on the global automotive gesture recognition market offers key insights on how adoption of automotive gesture recognition will gain vigorous momentum during the forecast period, 2017-2022. In 2017, the global automotive gesture recognition market is pegged to reach a value of US$ 1.19 Bn. With rising inclination towards touchless operability solutions, the global automotive gesture recognition market is anticipated to bring in revenues worth over US$ 4.2 Bn, reflecting a soaring CAGR by the end of 2022.

Following insights from the report offer an analytical forecast on the growth of automotive gesture recognition across multiple regions and segments.

• Owing to its outright dominance in the global automobile production, the Asia-Pacific excluding Japan (APEJ) region is slated to dominate the global automotive gesture recognition market in 2017, and beyond. The region will be observed as most attractive, owing to presence of automobile manufacturing hubs such as China, India and South Korea. By the end of 2022, revenues amassed from sales of automotive gesture recognition systems in the APEJ region are anticipated to soar at a stellar CAGR.

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• Between 2017 and 2022, Europe’s automotive gesture recognition market is likely to witness an incremental opportunity of more than US$ 850 Mn.
• By 2022-end, North America will witness a rampant growth in its automotive gesture recognition market, reflecting a robust value CAGR, and bringing in revenues worth nearly US$ 1 Bn.
• In 2017, more than 80% of the global automotive gesture recognition market will be dominated by sales of touch-based products. Touchless products available in the global automotive gesture recognition market are likely to witness a relatively sluggish growth, exhibiting a vigorous CAGR over the forecast period.
• The report has profiled leading players in the global automotive gesture recognition market, which include companies such as Continental AG, Harman International, NXP Semiconductors, Cognitec Systems GmbH, Gestigon GmbH, Eyesight Technologies, Synaptics Incorporated, Softkinetic, Visteon Corporation, and Qualcomm Technologies Inc.

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Chapter 1- Executive Summary
This chapter consists of a quick summary depicting a visionary outlook of automotive gesture recognition market. This chapter establishes the foundation for research study on automotive gesture recognition market. Moreover, the executive summary of automotive gesture recognition market entails crucial insights regarding the altering scenario of automotive gesture recognition market.

Chapter 2– Overview
This chapter provides an overview of the automotive gesture recognition market. This comprises of a quick introduction of automotive gesture recognition market and product definition of the same. The year-over-year growth matrix of automotive gesture recognition market included in this chapter helps readers to gauge the industry growth patterns in a better way.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/04/03/1796298/0/en/Low-Voltage-Motors-Market-to-Record-1-5x-Revenue-Growth-through-2022-Finds-Fact-MR-Study.html

Chapter 3– Analysis and Forecast by Product Type
This chapter incorporates a market prognosis of automotive gesture recognition market by product type. For all the product types as per taxonomy in automotive gesture recognition market report, the readers get quick access to projections of revenue (US$ Mn) comparison by region, market share comparison by region, and Y-o-Y growth comparison by region for every product type.

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