Global Automaton Gesture Recognition System Market: Overview

This market is comprehensively described in the report by outlining numerous factors in-depth such as competitive landscapes, newest trends and future opportunities, and geographical dominance, among several other aspects. Expert analysts have compiled the report on this market using primary as well as secondary research data.

The global automotive gesture recognition system market could be segmented on the basis of authentication type, system type, application, sales channel, and geography. Under authentication type, the market mainly consists of prime segments named hand/fingerprints, leg, face, and vision/iris. Under system, the global automotive gesture recognition system market is bifurcated into touch-based system and touchless system segments. Under application, the market is mainly categorized as lighting systems, multimedia, navigation & infotainment, and others. On the basis of sales channel, original equipment manufacturers (OEM) and aftermarket are a couple of chief segments comprising the global automotive gesture recognition system market.

Global Automotive Gesture Recognition System Market: Drivers

A dramatic increase in vehicular production since past few years is substantially expected to drive this market during the forecast period from 2017 to 2025. A rise in preference from consumers for application-based technologies in vehicles is also responsible for the global automotive gesture recognition system market to depict an improved pace. Rising concerns about safety and security of drivers has made it crucial for numerous automotive manufacturers to fit gesture recognitions systems in vehicles, at least during the forthcoming years. Such concerns are also being addressed by several governments across the world, followed by favorable initiatives taken to target the incorporation of these systems.

Global Automotive Gesture Recognition System Market: Geographical Outlook

Region-wise, this market is mainly spread across North America, South America, Asia Pacific, Europe, and the Middle East and Africa. In recent times, North America as well as Europe have dominated the global automotive gesture recognition market, thanks to a flourishing automotive industry in this region, along with easy accessibility for a variety of gesture recognition systems.

However, Asia Pacific is anticipated to hold a leading position in the global automation gesture recognition system market mainly due to a high rate of vehicular production in leading countries from this region. Presence of prominent vehicular manufacturers in countries such as China, South Korea, and Japan has also been responsible for Asia Pacific to depict a handsome market growth in the upcoming years.

Global Automotive Gesture Recognition System Market: Competitive Landscape

The vendor landscape in this market exhibits presence of an intense competition between individual businesses and product manufacturers. A high demand for incorporating gesture recognition systems has encouraged numerous companies to invest in this market. This has led to several businesses being pitted against each other, which is further anticipated to make the competition highly intense.

Currently, numerous multinational businesses are attempting to make to make it big in this market. Most of these companies are expected to depict outstanding performances in future owing to widespread advancements occurring in the field of gesture recognitions. Cognitec Systems GmbH, SoftKinetic, Harman International Industries, Visteon Corp., NXP Semiconductors, Synaptics Incorporated, Continental AG, eyeSight Technologies, and Oemk Interactive Ltd., are a few key players working in the global automotive gesture recognition system market.

Key segments of the global automotive gesture recognition system market:

By Authentication Type

  • Hand/fingerprints
  • Leg
  • Face
  • Vision/iris

By System Type

  • Touch-based
  • Touchless

By Application

  • Lighting systems
  • Multimedia, navigation & infotainment
  • Others

By Sales Channel

  • Original equipment manufacturers (OEM)
  • Aftermarket

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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