Gesture Recognition Market in Automotive Sector to Grow at 12.8 % CAGR by 2018

Mar 18, 2015, 22:15 ET from Sandler Research

DALLAS, March 19, 2015 /PRNewswire/ --

Sandlerresearch.org adds "Global Gesture Recognition Market in Automotive Sector 2014-2018" is a new research report added to its store. According to the report a growing number of partnerships between Automobile vendors with such vendors to implement gesture recognition capabilities in their products is one of the latest trends observed.

Increased demand for cost-effective gesture recognition solutions has resulted in the moderate growth of the Global Gesture Recognition Market in Automotive Sector, which is expected to post a CAGR of 12.8 % from 2014-2018.

The new "Global Gesture Recognition Market in Automotive Sector 2014-2018" report emphasizes the increasing number of partnerships in the market. Many companies are solely involved in the development of gesture recognition technology and devices. Automobile vendors are currently focusing on building partnerships with such vendors to implement gesture recognition capabilities in their products.

The input devices used in gesture recognition solutions include cameras and software, which are available at a very low cost. With a number of technological advancements, the costs of such devices are decreasing significantly, which reduces the overall cost of ownership of gesture recognition solutions. This has led to an increased adoption of these devices among end-users.

Original equipment manufacturers are incorporating gesture recognition solutions into their devices, which is expected to drive the growth of the market in the coming years.

Gesture recognition is the ability of a device to identify and respond to different gestures of an individual. Gesture recognition technology can be 2D-based or 3D-based. It uses a camera-enabled device that beams an invisible infrared light onto the individual, which is reflected back to the camera and onto a gesture recognition IC. The IC, with the help of gesture recognition software, creates depth maps of the images received and responds appropriately to the movements. Thus, no physical contact is required between individuals and devices. Gesture recognition helps in providing a higher level of safety in automotives. The major applications of gesture recognition in automotives include management of audio and video systems, dashboards, and other controls.

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Toyota has been in a partnership with Microsoft for three years and they are focusing on developing gesture recognition capabilities for Toyota vehicles using Microsoft's patent technology.

This report covers the present scenario and the growth prospects of the Global Gesture Recognition market in Automotive sector for the period 2014-2018. To calculate the market size, the report considers revenue generated from sales of 2D gesture recognition solutions used in the Automotive sector. The revenue generated from sales of 3D gesture recognition technology has not been considered.

The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the Global Gesture Recognition market in Automotive sector. In addition, the report discusses the major drivers that influence the growth of the Global Gesture Recognition market in Automotive sector. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.

The report Global Gesture Recognition Market in Automotive sector 2014-2018 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the market landscape of the Global Gesture Recognition market in Automotive sector and its growth prospects over the coming years. The report includes a discussion of the key vendors operating in this market.

Other Related Reports onSoftware and Services:

Global Gesture Recognition Market for Smart TV 2015-2019 (http://www.sandlerresearch.org/global-gesture-recognition-market-for-smart-tv-2015-2019.html): Analysts forecast the Global Gesture Recognition market for Smart TV to grow at a CAGR of 33.07% over the period 2014-2019.

The report covers the present scenario and the growth prospects of the Global Gesture Recognition market for Smart TV for the period 2015-2019. The report considers 2014 as the base year and provides data for the trailing 12 months. To calculate the market size, the report considers the revenue generated from the sale of the gesture recognition solutions for smart TV. The scope of the report covers smart TVs, which are a part of consumer electronic products with gesture recognition technology.

The Global Gesture Recognition market for Smart TV is segmented on the basis of the following: 

  • Geography: Americas, EMEA, and APAC

The recognizes the following companies as the key players in the Global Gesture Recognition Market for Smart TV: eyeSight Mobile Technologies Ltd., LG Electronics Inc., PointGrab Ltd. and Samsung Electronics Co. Ltd.

Other Prominent Vendors in the market are: ArcSoft, OMRON, Panasonic, SoftKinetic, Sony, Texas Instruments and Thalmic Labs.

Global 2D Gesture Recognition Market 2015-2019 (http://www.sandlerresearch.org/global-2d-gesture-recognition-market-2015-2019.html): The increased demand for gesture-enabled electronic devices in non-traditional sectors is one of the major trends in the market. The growing acceptance of gesture recognition technology in various consumer electronics has led to increased demand for gesture-enabled consumer electronics.

The recognizes the following companies as the key players in the Global 2D Gesture Recognition Market: Cognitec Systems GmbH, CogniVue Corp., eyeSight Mobile Technologies Ltd. and PointGrab Ltd.

Other Prominent Vendors in the market are: AMD, Apple, Cross Match Technologies, Elliptic Labs, Gesture Technologies, Intel, Irisguard, Microchip Technology, Pebbles, Pyreos, Qualcomm and Thalmic Labs.

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