Automotive Gesture Recognition Market Flourished Across North America and Europe

Rockville, USA, 2019-Jun-21 — /EPR Network/ —Rampant digitization across the automotive industry is contemplated to be one of the predominant factors driving automotive 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.

The use of automotive gesture recognition in cars and other vehicles such as autonomous vehicles, advanced driver assistance systems (ADAS), obstacle detection and parking assist have become popular as self-parking systems are being developed—Google developed self-driving cars while BMW came up with iDrive controller with touchscreen control and gesture recognition.

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Table of Content

Chapter 1. Global Automotive Gesture Recognition System Market – Executive Summary. 32

Chapter 2. Global Automotive Gesture Recognition System Market Overview. 33
2.1. Introduction. 34

2.1.1. Global Automotive Gesture Recognition System Market Taxonomy. 34
2.1.2. Global Automotive Gesture Recognition System Market Definition. 34
2.2. Global Automotive Gesture Recognition System Market Size (US$ Mn) and Forecast, 2012-2022. 35
2.2.1. Global Automotive Gesture Recognition System Market Y-o-Y Growth. 35
2.3. Global Automotive Gesture Recognition Market: Macroeconomic Factors. 35
2.3.1. Economic Outlook. 35
2.3.2. International Policy. 36
2.3.3. Profitability of Enterprises. 36
2.3.4. Increasing Purchasing Power of Middle Class. 36
2.3.5. Complex Eco System. 36
2.3.6. Supply chain Issues. 37
2.3.7. End-user Sentiment. 37
2.4. Global Automotive Gesture Recognition Market impact factors. 37
2.4.1. Autonomous Vehicles. 37
2.4.2. The Influence of China. 37
2.4.3. Disruption in Traditional Business Models. 38
2.4.4. Rising Component Costs in Developing Countries. 38
2.4.5. Fluctuating Input costs. 38
2.4.6. Shrinking Product Development Time. 39
2.4.7. Adoption of New Mobility Solutions. 39
2.4.8. Focus on Granular Insights – City-wise Analysis will Replace Region-wise Analysis. 39
2.4.9. Rising Complexity Influencing Greater Emphasis on Platformimg. 40
2.4.10. Innovations in Technology. 40
2.5. Supply Chain. 40
2.6. Cost Structure. 41
2.7. Pricing Analysis. 41
2.8. Raw Material Sourcing Strategy and Analysis. 41
2.9. List of Distributors. 41
2.10. Key Participants Market Presence (Intensity Map) By Region. 42
2.11. Competitive Assessment and Technology Trends in Future. 42

To be Continue………….

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Increasing Implementation of the Functional Safety Technology in Automobiles Drives Adoption of Gesture Recognition Technology

To align with the rising awareness regarding driver safety and growing consumer demand for safety features, automakers are actively engaged in ways to install multiple safety features in the automobiles that ensure safety without affecting the interior design of automobiles. Owing to technological advancements, implementation of sensor-based electronic devices in automobiles has amplified in the past decade. On the same lines, the human-machine interface (HMI) in the form of gesture recognition is being installed in automobiles at a higher rate.

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. Sensor-based automotive gesture recognition technology is likely to be installed in the increasing numbers of electric and autonomous vehicles. Growing importance of driver safety and ongoing electrification of the automotive industry is set to present new opportunities for the automotive gesture recognition market.

Automotive Gesture Recognition Market: Competitive Scenario

The competitive dynamics of automotive gesture recognition market depicts an intensified situation between discrete businesses and product manufacturers. A surging rage for incorporating gesture recognition systems has persuaded multiple companies of to inject high investments in the automotive gesture recognition market. Presently, several multinational companies are vying to make it big in the automotive gesture recognition market. In a bid to stay ahead of the curve, manufacturers in automotive gesture recognition market are likely to depict excellent performances owing to rapid revamps in the domain of gesture recognitions. 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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