NEW YORK, Nov. 2, 2015 /PRNewswire/ -- Analysis of the Global Market for Handwriting Recognition in Passenger Cars : Total Market Expected to Grow at a CAGR of over 30% by 2021
Handwriting recognition (HWR) will find gaining traction in North America challenging because the most preferred input medium is touch screen
Market for Handwriting Recognition in PC: Key Findings, Global, 2014–2021
The HWR market is expected to grow at a compound annual growth rate (CAGR) of % from 2014 to 2021 globally Asian countries will be the focus for original equipment manufacturers (OEMs) and Tiers I suppliers to gain market traction
Apart from traditional technology enablers for HWR such as MyScript, Hanwang, and Nuance, new Tier I suppliers such as Fujitsu and Mitsubishi have started exploring the possibilities of entering this space
Non-automotive participants such as Google and Apple offer HWR applications (apps) for their respective mobile phones These apps, which are available for free, are more likely to be roped in for automotive use cases as a plug-in-and-use solution
With the success of HWR, premium vehicle manufacturers have started to integrate this technology into their entry-level cars, such as the Audi A3 Mass market manufactures such as Volkswagen, Ford, and GM are also integrating this technology into their cars in China
The industry is now moving towards controlling the entire infotainment with help from HWR on a dedicated track pad or track mouse This feature will be available only from premium manufacturers
Key Questions this Study will Answer
- What are the various use cases for HWR in passenger cars?
- What are the future implementation possibilities of HWR in passenger cars?
- What is the current market scenario? What factors influence OEMs in implementing HWR in passengers cars?
- What are the supplier capabilities and the interest towards implementing HWR?
- Which country has higher potential for market penetration, and what factors will influence that penetration?
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