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Automotive Gesture Recognition Systems Market Expected to Grow at a CAGR of 32% by 2027

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Research Nester recently published report titled Automotive Gesture Recognition Systems Market: Global Demand Analysis & Opportunity Outlook 2019-2027delivers detailed overview of the global automotive gesture recognition systems market in terms of market segmentation by product, by application, by vehicle and by regions.

The automotive gesture recognition systems market is segmented by product into touch-based system and touch less system; by application into multimedia, navigation, infotainment, door/window, sunroof and AC blower) and by vehicle into PCV, LCV and HCV and by regions.

Growth in technology-focused lifestyle and development of tracking technology are the major factors that are driving the growth of automotive gesture recognition system market. In addition, there is an increase in awareness about driver safety and regulations in automobile industry where the advancement of individual vehicle safety and intelligence is assisted by smart interaction with other vehicles and real time data servers. This vehicle management development enhances fuel efficient driving and improved driver awareness. Furthermore, prompt vehicle management system minimizes the utilization costs and boost the in-car entertainment applications, thus supporting the overall growth of the market.

The automotive gesture recognition systems market is anticipated to mask a CAGR of 32% during the forecast period i.e. 2019-2027. Geographically, North America is anticipated to be the global leader in terms of demand for these systems. The market in the region has incorporated some of the most advanced technologies in vehicle automation, and offers wide-scale technological adoption rate. The Europe market is estimated to witness significant growth owing to the presence of most prominent global car manufacturers that additionally cater to the huge demand for gesture recognition systems. For instance, many passenger cars and buses in the Europe region are equipped with this technology, adding significantly to driver and vehicle safety. The market in Asia-Pacific is anticipated to witness significant growth owing to increasing demand for cars in the region. This can be attributed to rising disposable income and growing demand for cars with high end features and growing government initiatives in the region to promote usage of electric vehicles in their respective countries.

Growing Technological Advancements

Autonomous cars extensively use sensors and systems with highly complex software and hardware for accurate guiding and minimal human assistance. Vehicle manufacturers are integrating Advanced Driver Assistance Systems (ADAS) to detect external inputs and direct the vehicle safely and accurately. Growing awareness and regulations for driver safety, advancements in the system ensuring prompt functioning, lag minimization and reducing touch latency to diminish driver distraction combined with system responsiveness conveying quick warnings and executing fast actions in real time are influencing the demand for these systems. Additionally, its implementation owing to superior probability and lower error rate is expected to positively affect the size of the market.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the key players of the global automotive gesture recognition systems market which includes company profiling of Cognitec Systems GmbH, Continental AG, HARMAN International (SAMSUNG), NXP Semiconductors, Sony Depthsensing Solutions, Visteon, Gestigon GmbH, Synaptics Inc., Visteon Corporation, and Qualcomm Technologies Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive gesture recognition systems market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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