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  • Automotive Gesture Recognition Market Analysis | 2022-2028

    Automotive Gesture Recognition Market Analysis | 2022-2028

    Automotive Gesture Recognition Market Analysis | 2022-2028
    Report code - SRTI213 Delivery - 2 Weeks
    Global Automotive Gesture Recognition Market Size, Share, Trend, Forecast, Competitive, In See more...

    Market Insights

    The Global Automotive Gesture Recognition Market estimates a high growth rate of 17.38% CAGR during the forecast period (2022-2028) and reaches USD 2876.65 million in 2028 from USD 931.92 million in 2021.

    Automotive Gesture Recognition Market Size

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    What is Automotive Gesture Recognition?

    Automotive gesture recognition system helps in enhancing the safety and control of vehicles. This system gets initiated and performs the desired actions, after sensing/receiving a human touch or gesture.

    Global Automotive Gesture Recognition Market Features

    Market Size in 2021

    US$ 931.92 Million

    Market Size in 2028

    US$ 2876.65 Million

    Market Growth by 2022-2028

    17.38% CAGR

    Base Year of Study

    2021

    Trend Period

    2017-2020

    Forecast Period

    2022-2028

    Dominant Region

    North America is expected to be dominant in the market.

    Segment Covered

    By Product Type (Touch-based Systems and Touchless Systems)

    By Authentication Type (Hand Recognition/Fingerprint Recognition/Palm Recognition/Leg Recognition, Facial Recognition, Vision/Iris Recognition, and Others)

    By Application Type (Navigation/Multimedia/Infotainment Systems, Lighting Systems, and Others)

    By Region (North America, Europe, Asia-Pacific, and Rest of the World)

    Key Players

    Some of the major players in the global market are-

    • Bosch Sensortec GmbH
    • Volkswagen
    • Texas Instruments Incorporated
    • Aptiv
    • Continental AG
    • Gestion GmbH
    • Melexis
    • Sony Depth Sensing Solutions SA/NV
    • Synaptics Incorporated
    • Visteon Corporation

    Market Drivers

    The prime factor that is contributing to the growth of the global market are-

    • The increasing integration & adoption of digital systems in modern-day vehicles to enhance passenger comfort and control.
    • There has been a surge in the demand for electric vehicles, which is expected to present a festoon of opportunities in the market.
    • With the increasing demand for passenger and driver safety in vehicles, automobile manufacturers are actively engaged in developing new technology and automation features for vehicles.
    • There has been a significant rise in the disposable income of consumers.

    Automotive Gesture Recognition Market  Snapshot

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    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.

    Automotive Gesture Recognition Market by Region

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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
    • Lighting Systems
    • Others

    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)

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    Report – Features

    Market Segmentation

    04

    Regions Covered

    04

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >120

    Company Profiles

    10

     

    The following are the key features of the report:

    • Overview, industry life cycle analysis, supply chain analysis
    • Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Trend and forecast analysis.
    • Segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
    • Attractive segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    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.

    Target Audience

    The following is a list of the customers that the market aims to convert the most:

    • Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government bodies

    Critical Questions Answered in the Report

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Customization Option

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: 

    Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Automotive gesture recognition system helps in enhancing the safety and control of vehicles. This system gets initiated and performs the desired actions, after sensing/receiving a human touch or gesture.

    The market estimates to grow at a healthy growth rate during the forecast period of 2022-2028 to reach USD 2876.65 million in 2028 from USD 931.92 million in 2021.

    The market is expected to grow at a CAGR of 17.38% during the forecast period.

    Some of the key players in the ion exchange resins market are - Aptiv, Bosch Sensortec GmbH, Continental AG, Gestion GmbH, Melexis, Sony Depth sensing Solutions SA/NV, Synaptics Incorporated, Texas Instruments Incorporated, Visteon Corporation, Volkswagen.

    North America is expected to Dominate the market during the forecast period.

    The increasing integration & adoption of digital systems in modern-day vehicles to enhance passenger comfort and control is one of the major factors fueling the growth of the automotive gesture recognition market. Of late, there has been a surge in the demand for electric vehicles, which is expected to present a festoon of opportunities in the market. With the increasing demand for passenger and driver safety in vehicles, automobile manufacturers are actively engaged in developing new technology and automation features for vehicles. In addition, there has been a significant rise in the disposable income of consumers, which is immensely boosting market growth. These are some of the major factors likely to bolster the growth of the automotive gesture recognition market during the forecast period.

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