Automotive Gesture Recognition Systems Market Worth $3144.8 Million by 2021 - Rise in Consumer Preference for Application Based Technologies - Research and Markets

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Mar 31, 2017, 06:00 ET

DUBLIN, Mar 31, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Automotive Gesture Recognition Systems Market - Global Forecast to 2021" report to their offering.

The automotive gesture recognition systems (GRS) market is projected to grow at a CAGR of 30.5%, from USD 829.5 Million in 2016 to USD 3144.8 Million by 2021. The rise in consumer preference for application based technologies and increasing awareness about driver safety and regulations in automobile industry have fueled the growth of the automotive gesture recognition systems market. The increase in demand for autonomous and electric vehicles is also a major factor that will contribute to the growth of the automotive GRS market.

The Hand/ Fingerprint authentication type is estimated to record the largest market size in automotive gesture recognition systems market, by authentication type. Factors such as innovations in technological advancement, and increased safety regulations are prompting the growth of the visual interface market.

The Multimedia/ infotainment /navigation segment is estimated be the fastest growing during the forecast period. With the increased focus on reducing driver distraction factors, a majority of the gesture recognition systems manufacturers and OEMs are focusing on enhancing the user experience while operating these infotainment or navigation systems and providing convenience and comfort to the driver.

The touch-less system segment in automotive gesture recognition systems market, by component type is estimated be the fastest growing during the forecast period. This is due to factors such as enhanced user experience in the various applications offered by touch-less gesture recognition systems and convenience to the driver.

The European region is estimated to be the largest market with the highest share of the automotive gesture recognition systems market, by value and volume. The European automotive gesture recognition systems market is projected to be the largest market owing to the high penetration of GRS as well as high vehicle production and sales due to high disposable income in countries like Germany and U.K.

Companies Mentioned

Cognitec Systems GmbH (Germany)
Continental AG (Germany)
eyeSight Technologies Ltd. (Israel)
HARMAN International Industries (U.S.)
NXP Semiconductors (Netherlands)
Omek Interactive Ltd. (Israel)
Qualcomm Inc. (U.S.)
SoftKinetic (Belgium)
Synaptics Incorporated (U.S)
Visteon Corporation (U.S.)

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Automotive Gesture Recognition Systems Market, By Region

7 Automotive Gesture Recognition System Market, By Component Type

8 Automotive Gesture Recognition System Market, By Authentication Type

9 Automotive Gesture Recognition System Market, By Application

10 Competitive Landscape

11 Company Profiles

12 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/n9n826/automotive

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SOURCE Research and Markets