Vehicle Electrification Driving Trends to Present Lucrative Opportunity for Gesture Recognition Market

Posted on 2019-02-14 by Mark Hub in Automotive // 0 Comments

Rockville, USA, 2019-Feb-14 — /EPR Network/ — Rampant digitization across the automotive industry is contemplated to be one of the predominant factors driving gesture recognition market. A user-friendly interface with minimal technical complexities makes it easy to access, thereby enabling automotive gesture recognition market to procure strong gains. Moreover, the automotive gesture recognition market is likely to benefit from rising number of customers seeking for application-based vehicle technologies. Governmental implications across several regions for ensuring road safety is also anticipated to invigorate growth of automotive gesture recognition market.

As per the meticulous research study on ‘Automotive Gesture Recognition Market’ compiled by Fact.MR for a forecast timespan of 2017 to 2022, the market valued at US$ 1,119.6 Mn and is projected to value approximately US$ 4,239.4 Mn by 2022 end.

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While cutting down of physical contact in car operations is being focused by manufacturers of automotive gesture recognition market, the report distinctly sheds light on surging demand for touch-based products. Considering the aforementioned contradiction, the report will also emphasize on determinants inclined towards touch-based products in automotive gesture recognition market. Between the forecast timeline, the automotive gesture recognition market revenues obtained from sales of touch-based products are poised to showcase an incremental leap. As a result, the adoption rate of touch-based products is expected to overpower by touchless ones in automotive gesture recognition market.

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Vehicle Electrification and Autonomous Driving Trends to Present Lucrative Opportunity for Gesture Recognition Market

Electrification of the automotive industry has introduced autonomous and electric vehicles that are the highest consumer of electronic devices. Autonomous vehicles, in particular, present the epitome of electronic device operations where the vehicle is guided by sensors and assisting systems providing minimum human intervention.

Market Definition

Automotive gesture recognition is comprised of electronic system installed in automobiles as a part of the human-machine interface (HMI). The automotive gesture recognition systems work on and the motion sensors of the gesture recognition system perceive physical movements of the driver without the need of physical contact or manual data insertion. Eye tracking, facial recognition, voice recognition, and lip movement analysis are known as perceptual user interfaces that collectively form gesture recognition system in automobiles.

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From a geographical standpoint, the automotive gesture recognition market have flourished across regions such as North America and Europe, thanks to a flourishing automotive ecosystem coupled with seamless accessibility. However, APEJ is anticipated to take over being the supreme one in automotive gesture recognition market. This region is perceived to a highly lucrative one in automotive gesture recognition market, primarily in the light of premier automobile manufacturing hubs such as China, India and South Korea.

Some of the major companies in the automotive gesture recognition market include Cognitec Systems GmbH, SoftKinetic, Harman International Industries, Visteon Corp., NXP Semiconductors, Synaptics Incorporated, Continental AG, eyeSight Technologies, and Oemk Interactive Ltd.

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