Segments Analysis
By Product Type
The market is segmented into touch-based systems and touchless systems. The Touch-Based Gesture Recognition Systems have a higher demand currently as compared to touchless systems, as a large number of companies are engaged in the development and installation of such touch technologies in modern-day vehicles.
Of late, due to the increased adoption of automation technologies in automobiles, vehicle manufacturers are focusing on the integration of touchless systems in vehicles. With the rising preference for electric vehicles among consumers lately, it is expected that touchless gesture recognition technologies would gain traction in the market and exhibit rapid growth, during the forecast period.
By Authentication Type
The market is segmented into hand recognition/fingerprint recognition/palm recognition/leg recognition, facial recognition, vision/iris recognition, and others.
As a result of many technological advancements in the market, it is estimated that the Hand Recognition/Fingerprint Recognition/Palm Recognition/Leg Recognition market sub-segment would gain the maximum traction and grow steadily, during the forecast period.
Over the years, with the rapidly changing consumer demands, there have been several advancements in passenger vehicles. One such feature is the biometric security system of the vehicles for enhanced car security.
By Application Type
The market is segmented into navigation/multimedia/infotainment systems, lighting systems, and others.
Among these applications, Navigation/Multimedia/Infotainment Systems held a market share of >57.7% of the market in 2021 and are estimated to lead the market during the forecast period. As a large percentage of automotive gesture recognition systems are used for infotainment purposes, such as scanning radio channels and playing music, they account for a larger share of the market as compared to other applications.
Similarly, navigation is another feature that is very much sought after by consumers, which increases their demand respectively.
By Region
The market is segmented into North America, Europe, Asia-Pacific, and the Rest of the world.
Among these regions, North America is expected to be dominant in the market throughout the forecast period. The region leads the global market in terms of technological advancements and thus, generates a very demand w.r.t vehicular automation. In addition, with the ongoing R&D in electric and driverless vehicles, the overall demand for automotive gesture recognition systems is anticipated to increase, during the forecast period.
Furthermore, several companies in countries such as China, India, Japan, and South Korea have invested significantly in the market, lately, which results in the rapid growth of the Asia-Pacific region, during the forecast period.
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Segmentation
This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories.
By Product Type
- Touch-based Systems
- Touchless Systems
By Authentication Type
- Hand Recognition/Fingerprint Recognition/Palm Recognition/Leg Recognition
- Facial Recognition
- Vision/Iris Recognition
- Others
By Application Type
- Navigation/Multimedia/Infotainment Systems
By Region
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.