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Hand/Fingerprint Segment to Drive the Growth of Automotive GRS Market

The Hand/ Fingerprint segment is estimated to be the fastest growing authentication type in the automotive GRS market. Factors such as innovations in technological advancement, and increased safety regulations are prompting the growth of the visual interface market.

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Hand/Fingerprint Segment to Drive the Growth of Automotive GRS Market

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  1. Hand/Fingerprint Segment to Drive the Growth of Automotive GRS Market The report "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", The automotive gesture recognition systems (GRS) market is projected to grow at a CAGR of 30.5%, from USD 829.5 Million in 2016 to USD 3144.8 Million by 2021. Browse 67 market data tables and 51 figures spread through 130 pages and in-depth TOC on "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" https://www.marketsandmarkets.com/Market-Reports/automotive-gesture-recognition-systems-market- 7994636.html Early buyers will receive 10% customization on reports. In terms of volume, the market is expected to reach 15.1 million units by 2021. The major growth drivers for the automotive GRS market are the rise in consumer demand for application based technologies and increasing awareness about driver safety and regulations in the automobile industry. The Multimedia application is estimated to be the largest market in automotive GRS market The Multimedia segment is estimated to have the largest market share of the automotive GRS market Owing to the increased focus on reducing driver distraction factors, a majority of the GRS manufacturers and OEMs are focusing on enhancing the user experience while operating these infotainment or navigation systems and providing convenience and comfort to the driver. The hand/ fingerprint authentication type of automotive GRS is estimated to be the fastest growing in automotive GRS market The Hand/ Fingerprint segment is estimated to be the fastest growing authentication type in the automotive GRS market. Factors such as innovations in technological advancement, and increased safety regulations are prompting the growth of the visual interface market. The automotive gesture recognition systems (GRS) market is projected to grow at a CAGR of 30.5%, from USD 829.5 Million in 2016 to USD 3144.8 Million by 2021. The rise in consumer preference for application based technologies and increasing awareness about driver safety and regulations in automobile industry have fueled the growth of the automotive gesture recognition systems market. The increase in demand for autonomous and electric vehicles is also a major factor that will contribute to the growth of the automotive GRS market.

  2. The Hand/ Fingerprint authentication type is estimated to record the largest market size in automotive gesture recognition systems market, by authentication type. Factors such as innovations in technological advancement, and increased safety regulations are prompting the growth of the visual interface market. The Multimedia/ infotainment /navigation segment is estimated be the fastest growing during the forecast period. With the increased focus on reducing driver distraction factors, a majority of the gesture recognition systems manufacturers and OEMs are focusing on enhancing the user experience while operating these infotainment or navigation systems and providing convenience and comfort to the driver. The touchless system segment in automotive gesture recognition systems market, by component type is estimated be the fastest growing during the forecast period. This is due to factors such as enhanced user experience in the various applications offered by touchless gesture recognition systems and convenience to the driver. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=7994636 The Asia-Pacific is estimated to be the fastest growing region for the automotive GRS market The Asia-Pacific is projected to be the fastest growing region for the Automotive GRS market, owing to the increased demand for automobiles with rising disposable income in countries such as China and India. The Asia-Pacific automotive GRS market is dominated by China, which is the key market for automobiles in the region owing to increased demand for automobiles and growth in per capita income in the country. The major players 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 automotive GRS manufacturers that have been covered in this study. Request Sample: https://www.marketsandmarkets.com/requestsample.asp?id=7994636 About MarketsandMarkets MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit

  3. more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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