Automotive Gesture Recognition Market for Multimedia, Navigation and Infotainment applications will witness robust growth of around 44% CAGR over the forecast period

Automotive Gesture Recognition Market for Multimedia, navigation, and infotainment systems showcased a significant growth rate at around 44% over the study timeframe. Increasing trend towards providing customer comfort along with the requirement for advanced navigation facilities supports the industry expansion. Further, the proliferation of advanced connectivity applications including Android Auto and Apple CarPlay offering higher quality multimedia and navigation content within the vehicle, further accelerates the segment penetration till 2024. Hand or fingerprint authentication was valued at over USD 1,400 Million in 2017. This dominance is credited to the proliferating usage of these systems owing to easier operation and incorporation of IR sensors and cameras supporting the segment share. For instance, in 2015, BMW launched the 7-Series model line-up with improved hand and fingerprint sensing technologies for controlling multiple car operations, thereby contributing to the overall automotive gesture recognition market expansion. Europe accounted for over 43% revenue share in 2017 owing to the presence of major automobile companies focusing on introducing advanced infotainment systems in their products for improving the driving experience. Further, supporting government regulations for introducing multiple safety standards for vehicles as standard is further supporting the industry expansion till 2024. For instance, the European Commission announced the mandatory fitment of technologies including e-call technology and automated emergency services in automobiles, thereby providing a positive outlook for the industry growth. To access a sample copy or view the Automotive Gesture Recognition Market report in detail along with the table of contents, please click the link below: PCVs accounted for more than 2,500 units in 2017 and is expected to continue its dominance over the projected timeframe. This can be credited to the increasing automotive sales across the globe. Improving living standards along with proliferating disposable income further supports the industry share over the projected timeframe. Increasing sales of luxury and premium vehicles with advanced electronic systems along with the availability of multiple models at varied price range further supports the business expansion over the forecast timeframe. Automotive gesture recognition market share form touch-based systems accounted for the highest volume share at around 69% in 2017. This dominance is attributed to the increasing usage of such systems in multiple models across various price range. Proliferating usage of capacitive touch screens for controlling multiple car features including music control, phone connectivity, and HVAC controls further strengthens the business expansion. Increasing adoption of electronic components in vehicles for complying to stringent government norms associated with vehicle safety and emission are supporting the industry expansion. Usage of gestures for controlling various operations within vehicles including changing music, answering phone calls, and control the navigation are further strengthening the industry growth. Few of the players in the automotive gesture recognition market place include Harman International, Delphi Automotive PLC, Sony Depthsensing Solutions, Melexis, Continental AG, and eyeSight Technologies Ltd. Other notable players include Texas Instruments, Intel, Visteon Corporation, and Synaptics Incorporated. Industry participant are continuously innovating their product portfolio and introducing innovative technologies for gaining edge over the competition.