Fact.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. This particular research report titled “Automotive Gesture Recognition Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” has been added to the wide online database of Fact.MR which discusses the present as well as future market scenario. Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the global automotive gesture recognition market. In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the period until 2017 to 2022.
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Manufacturers are focusing towards improvement of key recognition technologies
The report explores the growth of global automotive gesture recognition market across recognition technologies. Developers of automotive gesture recognition systems are expected to focus on upgrading the existing gesture recognition technologies by adopting advanced sensors. However, with such advancements, automotive gesture recognition systems will come with high initial costs. Manufacturers of automobiles will be opting for affordable options, limiting the deployment of technological advancements in automotive gesture recognition systems.
In 2017, more than 85% of the global automotive gesture recognition market will be accounted by sales of hand or finger print recognition systems. This technology is slated to dominate, surpassing the adoption of facial, voice or iris recognition systems. Lack of proper facial recognition sensors are expected to hamper the segment’s growth, which will attribute to lowest contribution to global market value throughout the forecast period.
Almost Every Passenger Car in the Future will be equipped with Automotive Gesture Recognition Systems
Manufacturers of commercial vehicles are less likely to promote the use of automotive gesture recognition systems, primarily due to higher proximity of these vehicles in public utilities. With passenger cars, automotive gesture recognition systems can profile the driver’s identity, and are not stressed with multiple gesture recognitions. Moreover, consumers interested in passenger cars will opt for highly-advanced variants to uplift their driving experience, and automotive gesture recognition systems are expected to befit such needs. The report estimates that through 2022, revenues amassed from sales of automotive gesture recognition systems in passenger cars will soar at a robust pace, reflecting an exponential value CAGR. The segment will also showcase highest gain of 364 BPS by 2022 over 2017, indicating that automotive gesture recognition systems are meant to facilitate the operability needs of passenger car drivers.
Demand for Touch-based Gesture Recognition Systems to Gain Traction
While developers of automotive gesture recognition systems are aiming to reduce the need of physical contact in in-car operations, the report distinctly highlights the demand for touch-based products. Considering this contradiction, the report emphasizes that drivers will be more inclined towards touch-based automotive gesture recognition systems as adopting touchless sensing technologies in simple operations will be more complex for the entire driving community. Between 2017 and 2022, the global revenues amassed from sales of touch-based automotive gesture recognition products are likely to showcase an increment of US$ 2.7 Bn. In 2017, touchless products are likely to account for a little over 18% of the market. Adoption of touchless products is, thus, expected to be lower than that of touch-based automotive gesture recognition systems.
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.
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List of Tables
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
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