Automotive Gesture Recognition Market Crucial Study of Top Players and Forecasts till 2022

The automotive industry has witnessed emergence of a plethora of products that were developed to meet the stringent driver safety regulations. Gesture recognition systems are among such products that have enhanced the operability of automobile drivers. Automotive gesture recognition systems are gaining lucrative application in futuristic automobile offerings which include – autonomous/self-driving cars and EVs. However, developers of automotive gesture recognition systems are working towards lowering the costs of integrating these systems in existing electronic circuits of vehicles. The universal penchant for “touchless” engagement with the electronic features of a vehicle is making gesture recognition a key purchasing criteria among car buyers.

Request For Sample Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=20

Automotive gesture recognition systems are computing devices integrated in a vehicles electronic features that use algorithms to interpret motion of the driver. These systems allow the driver to use electronic amenities without direct physical contact. Eye tracking, facial recognition, voice recognition, and lip movement analysis are known as perceptual user interfaces that collectively form gesture recognition system in automobiles.

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

1) 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.

2) Between 2017 and 2022, Europe’s automotive gesture recognition market is likely to witness an incremental opportunity of more than US$ 850 Mn.

3) 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.

4) 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.

5) Hand or finger print recognition systems will gain traction towards the latter half of the forecast period. On the other hand, facial recognition systems will contribute to less than 5% of global automotive gesture recognition market value, through 2022.

6) Towards the end of 2022, the report projects that sales of automotive gesture recognition in multimedia, navigation and infotainment applications will be considerably high, accounting for more than three-fourth of global market revenues.

7) Close to three-fourth of global automotive gesture recognition market will be attributed by revenues accounted by sales of automotive gesture recognition systems in passenger cars. The demand for automotive gesture recognition in commercial systems, however, is less likely to grow, owing to high installation costs of recognition systems.

Browse Full Report with TOC @ https://www.factmr.com/report/20/automotive-gesture

Multimedia, Infotainment & Navigation – Key Application of Automotive Gesture Recognition

Infotainment is likely to be the best-suited application for automotive gesture recognition systems. Through voice recognition, drivers can effortlessly change songs, videos, radio channels and other media, and boost their in-car entertainment quotient. Navigation is also observed as a lucrative application for automotive gesture recognition systems as a simple hand gesture will help car turn on the side indicators.

The report highlights that over three-fourth of global automotive gesture recognition system sales by the end of 2017 will be accounted by their application in multimedia, infotainment or navigation. Collectively, these application segments will gain 181 BPS by 2022 over 2017, registering US$ 2.5 Bn incremental opportunity over the forecast period.

Competition Tracking

The report has also profiled leading manufacturers of automotive gesture recognition systems, observing their active participation in the expansion of global market. These companies include Cognitec Systems GmbH, Eyesight Technologies, Harman International, NXP Semiconductors, Gestigon GmbH, Qualcomm technologies Inc., Synaptics Incorporated, Continental AG, Softkinetic, and Visteon Corporation.

Check Discount @ https://www.factmr.com/connectus/sample?flag=D&rep_id=20

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/

This release was published on openPR.