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Market research analysts at Technavio have predicted that the global gesture recognition market for emerging applications will grow tremendously during the forecast period and will post a CAGR of more than 52% by 2020. OEMS in the automotive industry have always been focusing on providing a more efficient and intuitive interactive system between the driver and the vehicle by developing new forms of interaction platforms. Gesture recognition technology enables the driver to control a number of vehicle functions efficiently, enhances driver and passenger safety, and will soon find significant applications in controlling a vehicle’s infotainment system. Moreover, integrating gesture recognition with the heads-up display will eliminate driver distractions, which will further enhance passenger safety. One of the major automotive manufacturers, BMW has already implemented gesture recognition technology in its Series 7 automobiles, and this will encourage other automotive OEMs to deploy this technology in their next-generation vehicles.
In terms of geography, APAC will dominate the market by the end of the forecast period and is expected to account for a total market share of almost 41% by 2020. Though the region is slow to adopt gesture recognition devices for gaming consoles, the strong demand for smart TVs has attracted several new TV manufacturers, such as Xiaomi to enter the market and this will subsequently fuel the growth of the market in this region. Also, the rising disposable income of the developing countries such as China and India will lead to the growth in demand for luxury cars which will again aid in the growth of this market in APAC in the next four years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Summary of key figures
PART 06: Cost of incorporating gesture recognition technology
PART 07: Market landscape
PART 08: Five forces analysis
PART 09: Market segmentation by technology
PART 10: Market segmentation by application
PART 11: Geographical segmentation
PART 12: Market drivers
PART 13: Impact of drivers
PART 14: Market challenges
PART 15: Impact of drivers and challenges
PART 16: Market trends
PART 17: Vendor landscape
PART 18: Key vendor analysis
PART 19: Appendix
PART 20: Explore Technavio
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