Automotive Gesture Recognition System Market Statistics - 2030
The global automotive gesture recognition system market was valued at $990.4 million in 2020, and is projected to reach $4,350.7 million by 2030, registering a CAGR of 18.4%. Europe was the highest revenue contributor, accounting for $361.49 million in 2020, and is estimated to reach $1,731.57 million by 2030, with a CAGR of 19.8%.
Automotive gesture recognition systems refer to a technology that utilize touch-based as well as touchless gestures as an input to operate vehicle electronic devices to attain improved safety and efficiency of driver as well as vehicle. Presently, automotive gesture recognition systems are popular for multimedia, infotainment, and navigation-based electronic devices for cars. In addition, rise in awareness about driver safety and regulations in the automobile industry and growth in consumer preference for application-based technologies are anticipated to propel demand for automotive gesture recognition systems during the forecast period.
Factors such as adoption of smart technology features in vehicles and intervention of innovative technologies for advanced user interface (UI) are expected to drive growth of the automotive gesture recognition system market. However, troubleshooting, updating, and maintenance of technology, decrease in production and sales of automotive restrain the market growth. On the contrary, entering into agreements and contracts with automotive OEMs for long term business opportunities and growth in developing nations are projected to offer lucrative growth opportunities for the market players.
The global automotive gesture recognition system market is segmented on the basis of component, authentication type, application, and region. By component, the market is bifurcated into touch-based systems, and touchless systems. On the basis of authentication type, it is categorized into hand/finger print/leg recognition, facial recognition, vision/IRIS recognition, and others. By application, it is fragmented into multimedia/infotainment/navigation, lighting systems, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Leading players and their key business strategies have been analyzed in the report to gain a competitive insight into the market. Key players covered in the automotive gesture recognition system market report include Cipia Vision Ltd., Cognitec Systems GmbH, Continental AG, NXP Semiconductors, Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd, Sony Corporation, Synaptics Incorporated, Usens Inc, and Visteon Corporation.
By Component
Touchless Systems segment is projected as the most lucrative segments
Adoption of smart technology features in vehicles
In recent years, the automotive industry has taken a huge step forward in advanced driver assistance systems (ADAS) to attain improved safety and operational efficiency for drivers as well as passengers. In addition, rise in demand for advanced ADAS features such as autonomous emergency braking system, adaptive cruise control, coupled with increased government regulations to reduce road accidents, has encouraged major automotive OEMs to provide ADAS features into their next-generation vehicles. High end driver assistance technologies have enabled ease of driving operations, with features such as emergency braking, lane monitoring, gesture recognition system, and stability controls. Therefore, adoption of such driver assistance features into next generation vehicles is expected to propel demand for gesture recognition system for improved safety of drivers. This, in turn, propels growth of the automotive gesture recognition system market.
By Authentication Type
Facial Recognition segment is projected as the most lucrative segments
Agreements and contracts with automotive OEMs for long term business opportunities
Automotive gesture recognition systems are widely and majorly demanded by automotive manufacturers for automotive production activities. This system procurement witnesses open contracts and agreements between automotive OEMs and manufacturers of automotive gesture recognition systems. Commencement of the automotive gesture recognition system solution is expected to be carried out through contracts and agreements between end users and developers of automotive gesture recognition systems. These contracts mention a set of requirements that must be to be met in a certain timeframe. These contracts and agreements are associated with long-term business opportunities with end-users. Market participants need to focus on winning contracts and agreements to gain a competitive advantage and retain long-term business opportunities in the global automotive gesture recognition system market.
By Application
Multimedia/Infotainment/Navigation segment is projected as the most lucrative segments
Troubleshooting, updating, and maintenance of technology
Integration of high-end technologies such as gesture recognition system on vehicle has added computer-like advanced high end technological factures. Integration of such digital technology in automotive has enhanced operational efficiency, improved performance, and high-level convenience. However, gesture recognition system failures pose a huge challenge for the automotive market participants. These technologies are transforming vehicle capabilities with improved features, however, is creating development challenges for automakers. In addition, gesture recognition system technology is in its developing phase, thus, there is a limited number of resources with hands-on experience in latest and trending technologies to maintain or troubleshoot the system problems. Moreover, not only automotive manufacturers, vendors, automotive & transportation industry players, but consumers also need to understand more about gesture recognition system features and maintenance, yet have little understanding of gesture recognition system maintenance and troubleshooting of that solution. Therefore, factors such as lack of skilled workforce, automotive gesture recognition system engineers, and expertise restricts the automotive gesture recognition system market growth.
By Region
Europe would exhibit the highest CAGR of 19.8% during 2021-2030.
COVID-19 impact analysis
During COVID-19, the overall automotive industry witnessed high financial losses and significant uncertainties in business operations as majority of governments restricted international commute to control spread of the virus. For the automotive gesture recognition system market, 2020 was witnessed as a negative performing year, owing to negative demand and supply outlook from COVID-19 crisis restrictions and supply chain disruptions. Market participants of automotive gesture recognition systems are following certain approaches to manage operations by slashed budgets, extended equipment lifecycles, decreased staff sizes, and reduced salaries in short term to overcome financial downturn.
Key Benefits For Stakeholders
- This study presents analytical depiction of the global automotive gesture recognition system market analysis along with the current trends and future estimations to depict imminent investment pockets.
- The overall automotive gesture recognition system market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities of the market with a detailed impact analysis.
- The current market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By Component
- Touch Based Systems
- Touchless Systems
By Authentication Type
- Hand/Finger Print/Leg Recognition
- Facial Recognition
- Vision/IRIS Recognition
- Others
By Application
- Multimedia/Infotainment/Navigation
- Lighting Systems
- Others
By Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- LATAM
- Latin America
- Middle East
- Africa
KEY PLAYERS
- Cipia Vision Ltd.
- Cognitec Systems GmbH
- Continental AG
- NXP Semiconductors
- Qualcomm Technologies, Inc.
- Samsung Electronics Co., Ltd
- Sony Corporation
- Synaptics Incorporated
- Usens Inc
- Visteon Corporation
Automotive Gesture Recognition System Market Report Highlights
| Aspects | Details |
 By Component |
|
 By Authentication Type |
|
 By Application |
|
 By Region |
|
 Key Market Players | VISTRON CORPORATION, Cognitec Systems GmbH, Sony Corporation, Cipia Vision Ltd., Usens Inc., QUALCOMM TECHNOLOGIES, INC., CONTINENTAL AG, NXP SEMICONDUCTORS, SAMSUNG ELECTRONICS CO., LTD., Synaptics Incorporated |
Analyst Review
The global automotive gesture recognition systems market is expected to witness significant growth, owing to adoption of automotive gesture recognition systems in electric and autonomous vehicles for a wide range of applications such as multimedia, infotainment, navigation, and lighting systems. Demand for automotive gesture recognition systems is primarily driven by automotive production activities. Rise in concerns toward safety is the key driving factor for automotive gesture recognition systems across the globe. In addition, facial recognition is a new generation authentication type, which is expected to gain traction during the forecast period and would mainly be used for wide range of applications including vehicle access multimedia system.
The global automotive gesture recognition systems market is a fairly consolidated market, with countable market participants. Market participants are focused to enter into strategic agreements and contracts with automotive OEMs for long term opportunities. Numerous developments have been carried out by top companies, such as Continental AG, Samsung Electronics, Visteon Corporation, NXP Semiconductors, and Cognitec Systems GmbH. The impacts of COVID-19 significantly affected the global automotive gesture recognition systems market in 2020. Furthermore, the market witnessed negative growth or significant downfall in 2020, and is expected to witness a recovery in 2022.
Automotive gesture recognition systems deals with high end technology enabled vehicle system that utilizes the gestures as an input to perform the tasks and operate vehicle electronic devices.
The global automotive gesture recognition systems market was valued at $990.38 million in 2020, and is projected to reach $4,350.68 million by 2030, registering a CAGR of 18.4%.
The report report/company profiles for global automotive gesture recognition system market report can be obtained on demand from the website.
Growing adoption of the touchless infotainment and navigation system in vehicle is the key trend in global market
Low consumer confidence due to COVID-19 helath crisis is expected to impact the market growth amid the lifting lockdown measures
The company profiles of the top players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated
The U.S. and China are key matured markets growing in the global automotive gesture recognition system market
By Component, the Touchless Systems segment is expected to gain traction over the forecast period
Based on the automotive gesture recognition system market analysis, Europe region accounted for the highest revenue contribution in 2020 and is expected to see lucrative business opportunities during the forecast period
Product Launch product development, partnership, and expansion are the top most competitive developments which are adopted by the leading market players in the global automotive gesture recognition system market
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