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Automotive Gesture Recognition Market – Growth Opportunities and Challenges 2017-2024

More Information @ http://bit.ly/2Fj10bQ Automotive Gesture Recognition Market size was worth over USD 800 million in 2016 and the demand is estimated to exhibit at over 43

Automotive Gesture Recognition Market – Growth Opportunities and Challenges

Automotive Gesture Recognition Market Research Study for Forecast Period (2017-2024): Global Market Insights, Inc. Automotive Gesture Recognition Industry Background Driver safety regulations by various governments have boosted the adoption of automotive gesture recognition systems due to provision of benefits such as improved maneuvering control, compatibility of vehicle’s electronic systems and drivability. However, high cost of integration and complexity may limit their adoption, hampering the automotive gesture recognition market growth. Manufacturers are investing heavily for upgrading the existing gesture recognition technology with advanced sensors, resulting in increased costs, further posing a threat to the industry growth. With technological advancements in sensor technology, automotive gesture recognition market is expected to observe exponential growth rate over the forecast period. In 2016, BMW introduced gesture recognition in its 7- series cars. This model is among the best-selling cars across the globe. Surging demand for electric vehicles will further provide stable growth prospects to the automakers and technology providers. Automotive Gesture Recognition Industry Overview Automotive Gesture Recognition Market size is estimated to surpass USD 13 billion by 2024; according to a new research report by Global Market Insights, Inc. Automotive gesture recognition market will exhibit over 42% CAGR from 2017 to 2024. High consumer preference towards application-based vehicle technologies coupled with rising awareness regarding driver safety will stimulate the revenue generation over the forecast timeframe. Increasing electronic components and sensors in vehicles will further support the adoption of these systems. In addition, drivers will access multiple vehicle features without losing control on the steering wheels. Automotive Gesture Recognition Industry By Product 1 | P a g e

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