Global Automotive Gesture Recognition System Market is anticipated to reach US$ 2.6 Bn by 2026 from US$ 0.75 Bn in 2020 at a CAGR of 17.6 % during a forecast period.

Global Automotive Gesture Recognition System Market
Global Automotive Gesture Recognition System Market Overview

Automotive Gesture Recognition Systems are high accuracy system that improves vehicle control and safety. These devices can be engaged by human touch or another gesture, and then conduct the desired activity. This technology is employed in a variety of sectors, including automobiles, where vehicle recognition systems can control the windows, doors, audio system, and air conditioning.

The demand for automotive gesture recognition technology is being driven by the usage of gesture recognition technology in luxury automobiles to reduce distraction-related accidents. Premium automobiles include more advanced features that demand control of a variety of complex functions, such as observing the road, monitoring the vehicle's status, and operating numerous electronic and mechanical devices.

Global Automotive Gesture Recognition System Market

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Global Automotive Gesture Recognition System Market Dynamics

Two major factors driving the growth of the automotive gesture recognition systems market are increasing automation and the development of tracking technologies across the automobile sector. A rising emphasis on driver and vehicle safety, as well as improving fuel efficiency and integrating automation for greater control are among the other factors, which drive the market's growth. Similarly, the increase in vehicle production and the spike in customer demand for application-based technologies in vehicles are providing opportunities for the growth of the market.

Global Automotive Gesture Recognition System Market 1

Concerns about driver safety and security have prompted some automakers to include gesture recognition technology in their automobiles. Thus, several governments throughout the globe are taking steps to address these problems, with favorable efforts aimed at incorporating these systems. Further, advances in the system that provides quick functionality, lag minimization, and reduced touch sensitivity to reduce driver attention, as well as growing awareness and legislation for driving safety, are expected to substantially boost the market's growth during the forecast period.

However, the high cost of automotive gesture recognition systems is expected to hamper the growth of the market during the forecast period.
Technological Advances in Electric and Self-Driving Vehicles

Autonomous vehicles make heavy use of sensors and systems with extremely complicated software and hardware to provide accurate guidance with minimum human intervention. Vehicle manufacturers are incorporating advanced driver assistance systems to detect external inputs, which precisely steer the vehicle. Thus, with the introduction of driverless and automated electric cars, the demand for automotive gesture recognition systems have grown which is likely to boost the global automotive gesture recognition systems market during the forecast period.

Global Automotive Gesture Recognition System Market 2
Global Automotive Gesture Recognition System Market Segmentation Analysis

By Component Type, the Touchless segment dominated the market, with market size of US$ XX Mn. in 2019 and it is expected to reach US$ XX Mn. by 2026, with a CAGR of XX% during the forecast period. The growth factors of the segment are improved user experience and driver convenience. Sensors in touch- less technology detect the user's gestures and body movements and perform the intended action. The technology minimizes the amount of time spent scrolling through menus and increases attentiveness to vehicle movements.

Touch-based technology has been recognized as an effective medium for human-computer interaction. Increased customer demand for safety features in vehicles, as well as rising driver safety awareness, are expected to promote the use of display drivers, fingerprint identification, and force-sensing technologies.

By Authentication Type, the Hand/Fingerprint/Leg segment dominated the market, with a market size of US$ XX Mn. in 2019 and it is expected to reach US$ XX Mn. by 2026, with a CAGR of 15% during the forecast period. This can be due to advancements in proximity sensors and increased use of the time of flight sensors. The sensors enable the gadget to accept hand movements in real-time for conversation, information, and entertainment. The growing popularity of driver assistance and autonomous driving necessitates the use of dependable control interfaces to ensure road safety and passenger comfort.

Global Automotive Gesture Recognition System Market 3

By Application, the Multimedia/Infotainment/Navigation segment dominated the market, with a market share of 62% in 2019. In vehicles, gesture recognition systems are extensively utilized in infotainment, where it allows the driver to do a variety of tasks such as changing radio stations, music, and other media without being distracted. As it operates with basic hand motions, navigation is a good fit for this technology.
Global Automotive Gesture Recognition System Market Regional Insights

In 2019, Europe dominated the world market for the recognition of automotive gestures, representing 49% of the market share. This can be linked to the increasing manufacturing of luxury cars in Germany as well as the increasing car industry in developing countries across the region. The market in the region includes some of the most advanced automation technology and is a high rate of technological adoption. Moreover, the demand for Automotive Gesture Recognition Systems in the region is expected to grow as more firms invest in autonomous and electric vehicles.

The Asia-Pacific region is expected to grow at a CAGR of 5.3 percent during the forecast period. The region's robust automotive aftermarket is boosting the market's growth. The rising automotive production in China, India, and South Korea, as well as a growing need for improved passenger comfort and safety in automobiles, drives the market growth in the region. Over 45 million passenger autos were sold in the Asia Pacific in 2019, with China remaining the biggest seller with approximately 24 million vehicles sold.
Leading market key players are working to demonstrate the opportunity to automotive gesture recognition system market.

Major players are involved in adopting maintainable strategies to gain competitive edges such as new product launches, product up-gradation, and M&A, collaborative agreements. For example, Eyesight Technologies Ltd. collaborated with Grupo Antolin, a maker of car interiors, in January 2020. The merged firms intend to supply worldwide automobile manufacturers with driver and occupancy monitoring systems.

Neonode Inc. collaborated with GAC Group, a Chinese automotive manufacturer, in August 2019. The business is working on Entranze's control interfaces for GAC's first cobra.

Global Automotive Gesture Recognition System Market 4

The objective of the report is to present a comprehensive analysis of the Global Automotive Gesture Recognition System Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Automotive Gesture Recognition System Market dynamics, structure by analyzing the market segments and project the Global Automotive Gesture Recognition System Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automotive Gesture Recognition System Market make the report investor’s guide.
Global Automotive Gesture Recognition System Market Scope: Inquire before buying

Global Automotive Gesture Recognition System Market 5
Global Automotive Gesture Recognition System Market by Region:

• North America
• Asia pacific
• Europe
• Middle East and Africa
• South America
Global Automotive Gesture Recognition System Market Key Players

• Cognitec Systems GmbH
• SoftKinetic
• Harman International Industries
• Visteon Corp
• NXP Semiconductors
• Synaptics Incorporated
• Continental AG
• eyeSight Technologies
• Oemk Interactive Ltd
• Apple Inc
• eyeSight Technologies Ltd
• Delphi Automotive PLC
• Renesas,Cognitec System GmbH
• Continental AG
• Gestigon GmbH
• Harman International
• Intel
• Melexis
• Cognitec System GmbH
• Neonode, Inc
• Qualcomm, Inc
• Navtek Solutions

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