Automotive Gesture Recognition Market Key Trends in Terms of Volume and Value 2017-2022

Posted on 2019-08-29 by Mark Hub in Internet & Online // 0 Comments

Fact.MR’s new report analyzes the automotive gesture recognition market performance on the global stage during the forecast period of 2012 – 2022. The report provides a thorough analysis and valuable insights into the automotive gesture recognition market that provides the readers with an all-inclusive scenario of the market. Considering various facets of the market, the market study focuses on important segments including product types of the automotive gesture recognition market including touch-based systems and touchless systems. The report elaborates other segments on the basis of recognition types including hand/fingerprint, vision/iris and facial; based on application types including multimedia/navigation/infotainment, lighting systems, and door/window opening and based on vehicle type passenger car (PC), light commercial vehicle (LCH) and heavy commercial vehicle (HCV) of the automotive gesture recognition market. An exhaustive research study backed by historical data, current market size and future market projections delivers the most credible market forecast of the automotive gesture recognition market.

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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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 landscape discusses the market position of key companies operating in the automotive gesture recognition market on the global stage. With the ongoing electrification of the automotive industry, automakers are expected to introduce electric automobiles with the functional safety features including driver assistance such as gesture recognition systems. The recent past has witnessed significant merger, acquisition and other expansion strategies adopted by the automotive gesture recognition manufacturers. Such developments are likely to bode well for the progress of the automotive gesture recognition market during the forecast period.

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.

Additional Questions Answered

With the inclusion of all the market facets, the report covers additional insights of the automotive gesture recognition market as follows-

Which will be the region-specific adoption rate in the automotive gesture recognition market?
What will be the key business strategies adopted by manufacturers to maintain global market position?
What will be the intensity of government driver safety regulations on the outlook of the automotive gesture recognition market?
How will the combination of advancing technology and associated cost impact the performance of the automotive gesture recognition market?

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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.

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