The Global Automotive Gesture Recognition System Market report presents comprehensive information covering insightful data for businesses and investors. The report studies the historical data of the Automotive Gesture Recognition System Market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.
The global Automotive Gesture Recognition System (AGRS) market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Major factors driving market revenue growth are robust global automotive industry, rising demand for electric and autonomous/self-driving vehicles, and stringent government regulations related to driver safety. Rising disposable income and increasing demand for luxury cars with advanced features and safety features are other key factors contributing to revenue growth of the global automotive gesture recognition system market.
Automotive gesture recognition systems are built-in systems in automobiles that interpret human commands, usually in the form of hand gestures or movements and enable performance of a specific task or operation in a vehicle. These systems predominantly come with touch-based and touchless user interfaces and use the inputs to efficiently operate automotive electronic devices and increase driver safety and comfort. These systems are generally deployed for in-car multimedia, navigation-based, and infotainment devices. Increasing need for simultaneously controlling a wide range of in-car system functions and to reduce driver distraction are factors driving demand for automotive gesture recognition systems. Rising consumer awareness about advanced automotive safety and comfort features and rising focus among automobile manufacturers and OEMs on incorporating technologically enhanced gesture recognition software and devices is further boosting growth of the market. However, increasing costs of AGRS and regular need for maintenance, updation, and troubleshooting of these systems are among some major factors expected to impact market revenue growth.
Europe was the leading regional market for automotive gesture recognition system (AGRS) in 2020, with the fastest revenue growth. Factors contributing to the revenue growth of this regional market are high per capita income, increasing sales of luxury and autonomous cars, rapid integration of automotive gesture recognition systems in vehicles, and stringent government regulations for automotive safety. Another major factor driving the Europe market growth is the presence of some of the leading industry players including Continental AG, SoftKinetic, NXP Semiconductors N.V., and Cognitec Systems in the region.
The Asia Pacific automotive gesture recognition system (AGRS) market is expected to register a robust CAGR during the forecast period, owing to factors such as rising number of car accidents and road mishaps, increasing road safety concerns, and rapid adoption of the gesture recognition technology in the automotive industry.
Some of the top companies operating in the global automotive gesture recognition system (AGRS) market include Continental AG, Harman International Industries, SoftKinetic, Synaptics, uSens Inc., Visteon Corporation, NXP Semiconductors N.V., Samsung Electronics Co. Ltd., Sony Corporation, Omek Interactive Ltd., Qualcomm Technologies Inc., Cipia Vision Ltd. (formerly Eyesight Technologies), Cognitec Systems, and Neonode Inc.
In March 2020, renowned German company Elmos Semiconductor AG signed a cooperation agreement with consumer electronics giant Samsung Electronics for the manufacture of automotive integrated circuits (ICs) in Samsung’s state-of-the-art production facilities. With this deal, Elmos looked to strengthen its Fablite manufacturing strategy and develop cutting-edge automotive technologies. Elmos specializes in semiconductors and sensors for automotive safety controls.
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Additionally, the report gives two distinct market forecasts, one from the perspective of the producer and another from that of the consumer. It also offers valuable recommendations for new as well as established players of the global Automotive Gesture Recognition System market. It also provides beneficial insights for both new as well as established players of the global Automotive Gesture Recognition System market.
Segmentation:
Authentication Type Outlook (Revenue, USD Million; 2018–2028)
Face Recognition
Hand/Finger Print/Leg Recognition
Vision/Iris Recognition
Others
Component Type Outlook (Revenue, USD Million; 2018–2028)
Touch-based Systems
Touchless Systems
Application Outlook (Revenue, USD Million; 2018–2028)
Multimedia/Infotainment/Navigation
Lighting Systems
Others (gear shifting, door and window opening/closing, etc.)
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Regional Overview:
The global Automotive Gesture Recognition System Market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Automotive Gesture Recognition System Market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
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Finally, all aspects of the Automotive Gesture Recognition System market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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