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At 30+% CAGR, Automotive Gesture Recognition Systems Market Potentially Worth $3144.8 Million by 2021 Led by Touchless Systems

PUNE, India, March 26, 2017 /PRNewswire-iReach/ -- The Europe is the largest region in the automotive GRS market. In 2016, the largest regional market for the automotive GRS is the European market. The disposable income is high in developed countries like Germany and UK and the demand for premium as well as comfort features in a vehicle is increasing. Complete report on "Automotive Gesture Recognition Systems Market" spread across 130 pages, profiling 10 companies and supported with 67 tables and 51 figures is now available at http://www.rnrmarketresearch.com/automotive-gesture-recognition-systems-market-by-component-type-touch-based-systems-and-touchless-systems-authentication-type-hand-fingerprint-leg-face-vision-iris-application-lighting-system-and-region-st-to-2021-market-report.html .

The Asia-Pacific market is the fastest growing in terms of value, and is dominated by China, a key market for the automotive GRS in the region. Increasing passenger car production in developing countries in Asia-Pacific such as China and India on the backdrop of positive economy outlook and favoring demographics is one of the major factors contributing to the growth of the Asia-Pacific market.

The hand/fingerprint authentication type is the largest market segment, in terms of value, in the automotive GRS market. The hand/fingerprint segment is the largest market among authentication type segments in the automotive GRS market. This segment is expected to continue its dominance during the forecast period while growing at a high CAGR owing to factors such as increasing trend in ease of communication between the vehicle and the user through gestures. For example, access to navigation and entertainment features using hand and fingerprint gesture controls.

The fastest growing trend in the automotive gesture recognition systems (GRS) market is the touchless systems; the GRS manufacturers are adopting these systems in their vehicle to reduce distraction. The fastest growing trend in the automotive GRS market is the touchless systems market. The demand for automotive GRS has increased because of enhanced user experience and greater comfort. In addition, automotive manufacturers are adopting the GRS system in their vehicle to reduce driver workload and distraction to make their vehicle accident free. However, high price of GRS, and low consumer awareness may hamper the growth of the GRS market to some extent.

The touchless system is expected to grow at a high CAGR among component type segment. The touchless systems segment is estimated to hold the largest market size of automotive GRS 2016. It is expected to grow at a high CAGR, owing to rise in demand for passenger cars across the globe and OEMs focus to enhance user experience.

This research study is obliging for following audience:

  1. Automotive component manufacturers
  2. Raw material suppliers
  3. Automotive manufacturers
  4. Distributors and suppliers of automotive components/parts
  5. Industry associations and experts

The automotive GRS market consists of various major system manufacturers. Companies such as Continental AG (Germany), HARMAN International Industries (U.S.), SoftKinetic (Belgium), Synaptics Incorporated (U.S), Visteon Corp (U.S), NXP Semiconductors (Netherlands), Omek Interactive Ltd. (Israel), Qualcomm Inc. (U.S.), eyeSight Technologies Ltd. (Israel) and Cognitec Systems GmbH (Germany) are the major manufacturers of gesture recognition systems globally.Download PDF Brochure "Automotive Gesture Recognition Systems Market by Component Type (Touch Based Systems, and Touchless Systems), Authentication Type (Hand/Fingerprint/Leg, Face, Vision/iris), Application (Lighting System), and Region - Global Forecast to 2021" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=935189 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (62%), Tier 2 (25%) and Tier 3 (13%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (37%), D-Level (38%) and Manager Level (25%) from various key organizations operating in the automotive gesture recognition systems market. The primary interviews were conducted worldwide covering regions such as Americas (12%), Europe (50%), APAC (25%) and Middle East (13%).

Research Coverage: The report covers the automotive GRS market based on Region (North America, Europe, Asia-Pacific, and Rest of World), component type (touch based systems and touchless systems), Application type (multimedia/infotainment/navigation, lighting systems and others), and authentication type (hand/fingerprint/leg recognition, face recognition, vision/iris recognition and others).

On a related note, another research titled Automotive HMI Market Global Forecast to 2021 says, the automotive HMI market is projected to grow at a CAGR of 11.93%, to reach $28.13 billion by 2021. The acoustic interface technology is the fastest growing technology in automotive HMI market. The Instrument cluster segment is estimated to hold the largest market size. Asia-Pacific is the largest market and North America is the fastest growing market in the automotive HMI market. Companies such as Continental AG (Germany), Luxoft Holding, Inc. (Switzerland), Delphi Automotive PLC (U.K.), Synaptics Incorporated (U.S.), Visteon Corporation (U.S.), Valeo S.A. (France), Harman International Industries, Inc. (U.S.), Clarion co. Ltd (Japan), Magneti Marelli S.P.A (Italy), Alpine Electronics Inc. (Japan), Altran Technologies SA (France) and Voice box technologies (U.S.) have been profiled in this 166 pages research report available at http://www.rnrmarketresearch.com/automotive-hmi-market-by-technology-visual-and-acoustic-product-voice-control-central-display-instrument-cluster-steering-mounted-control-hud-rse-display-access-light-duty-vehicle-type-function-and-reg-st-to-2021-market-report.html .

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