Automotive Gesture Recognition System Market Growth, Size, Trends, Demand and Future Outlook
Automotive Gesture Recognition System Market Size- By Authentication type, By Application, By Component- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: AMIN2411 | Pages: 1 - 244 | Formats*: |
| Category : Automotive & Transportation | |||
Automotive Gesture Recognition System Market Introduction and Overview
According to SPER Market Research, the Global Automotive Gesture Recognition System Market is estimated to reach USD 26.71 billion by 2033 with a CAGR of 30.71%.
The report includes an in-depth analysis of the Global Automotive Gesture Recognition System Market, including market size and trends, product mix, Applications, and supplier analysis. Automotive gesture recognition systems are a class of technology that enhances driver and vehicle safety and efficiency by using touch-based and touchless gestures as input to operate electronic devices in vehicles. Nowadays, automotive gesture recognition systems are common for infotainment, multimedia, and navigation-based electronic devices in cars. Furthermore, an increase in consumer awareness of driver safety and regulations, as well as an increase in consumer preference for application-based technologies, are expected to drive demand for automotive gesture recognition systems during the forecast period.
- 2023: Hyundai Mobis Company announced the development of a new on board digital display technology that recognizes and responds to hand gestures.
- 2019: STRATOS, an automotive gesture recognition platform developed by ULTRAHAPTICS, can connect with Human Machine Interfaces, generating haptic sensations in mid-air, allowing for easier integration and faster processing modules in automobiles.
Market Opportunities and Challenges
The intention of automotive gesture recognition systems is to provide touchless controls for various functions. Touchless controls, which prevent unsafe touches, are now in high demand among consumers. As a result, the growing popularity of touchless controls may provide an opportunity for market growth. Furthermore, the gesture recognition system is standard in most automatic drive vehicles. In most premium vehicles, a gesture recognition system is built in. The increase in market share of automatic and premium range vehicles represents a growth opportunity for the market of automatic gesture recognition systems. Currently, the gesture recognition system is capable of controlling functions such as the volume of the music system and the vehicle's sunroof. The expansion of the functionality of the gesture recognition system for more functions may provide an opportunity for market growth.
However, the high cost of integrating gesture recognition systems is the major market restraint. Furthermore, gesture processing necessitates a high level of software algorithms, resulting in high battery consumption and increased processor space usage. Furthermore, the automotive gesture recognition system is still in its early stages of development, and it can currently be used for limited applications such as climate control and sound system controls, among others. These can make it difficult for users to adopt gesture recognition technology. This eventually acts as a brake on market growth.
Market Competitive Landscape
Major players are implementing long-term strategies to gain competitive advantages, such as new product launches, product upgrades, mergers and acquisitions, and collaborative agreements. Some of the key players are – Cipia Vision Ltd., Cognitec Systems GmbH, CONTINENTAL AG, NXP SEMICONDUCTORS, QUALCOMM TECHNOLOGIES, INC., SAMSUNG ELECTRONICS CO., LTD., Sony Corporation, Synaptics Incorporated, Usens Inc. and VISTRON CORPORATION.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Authentication type, By Application, By Component. |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Cipia Vision Ltd., Cognitec Systems GmbH, CONTINENTAL AG, NXP SEMICONDUCTORS QUALCOMM TECHNOLOGIES, INC., SAMSUNG ELECTRONICS CO., LTD., Sony Corporation, Synaptics Incorporated, Usens Inc. and VISTRON CORPORATION. |
COVID-19 Impact on Global Automotive Gesture Recognition System Market
The overall automotive industry suffered high financial losses and significant uncertainties in business operations during COVID-19, as the majority of governments restricted international travel to control the virus's spread. 2020 was a negative performing year for the automotive gesture recognition system market, owing to a negative demand and supply outlook from COVID-19 crisis restrictions and supply chain disruptions. Short-term budget cuts, extended equipment lifecycles, reduced staff sizes, and lower salaries are among the strategies used by market participants of automotive gesture recognition systems to manage operations.
Key Target Audience:
- Automobile Manufacturers
- Automotive Component Suppliers
- Consumers
- Industry associations and experts
- Fleet Management Companies
- Sensor Manufacturers
- Software Developers
- Technology Providers
- Others
Our in-depth analysis of the Automotive Gesture Recognition System Market includes the following segments:
| By Authentication type: |
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| By Application: |
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| By Component: |
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Key Topics Covered in the Report:
- Global Automotive Gesture Recognition System Market Size (FY’2023-FY’2033)
- Overview of Global Automotive Gesture Recognition System Market
- Segmentation of Global Automotive Gesture Recognition System Market By Authentication type (Facial Recognition, Hand/Finger Print/ Leg Recognition, Vision/IRIS Recognition and Others.)
- Segmentation of Global Automotive Gesture Recognition System Market By Application (Multimedia/Infotainment/Navigation, Lighting Systems and Others.)
- Segmentation of Global Automotive Gesture Recognition System Market By Component (Touch- Based Systems and Touchless Systems.)
- Statistical Snap of Global Automotive Gesture Recognition System Market
- Expansion Analysis of Global Automotive Gesture Recognition System Market
- Problems and Obstacles in Global Automotive Gesture Recognition System Market
- Competitive Landscape in the Global Automotive Gesture Recognition System Market
- Impact of COVID-19 and Demonetization on Global Automotive Gesture Recognition System Market
- Details on Current Investment in Global Automotive Gesture Recognition System Market
- Competitive Analysis of Global Automotive Gesture Recognition System Market
- Prominent Players in the Global Automotive Gesture Recognition System Market
- SWOT Analysis of Global Automotive Gesture Recognition System Market
- Global Automotive Gesture Recognition System Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Automotive Gesture Recognition System Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Automotive Gesture Recognition System Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Gesture Recognition System Market
7. Global Automotive Gesture Recognition System Market, By Authentication type (USD Million)
7.1. Global Automotive Gesture Recognition System Market Value Share and Forecast, By Authentication type, 2023-20337.2. Facial Recognition7.3. Hand/Finger Print/Leg Recognition7.4. Vision/IRIS Recognition7.5. Others
8. Global Automotive Gesture Recognition System Market, By Application (USD Million)
8.1. Global Automotive Gesture Recognition System Market Value Share and Forecast, By Application, 2023-20338.2. Multimedia/Infotainment/Navigation8.3. Lighting Systems8.4. Others
9. Global Automotive Gesture Recognition System Market, By Component (USD Million)
9.1. Global Automotive Gesture Recognition System Market Value Share and Forecast, By Component, 2023-20339.2. Touch-Based Systems9.3. Touchless Systems
10. Global Automotive Gesture Recognition System Market Forecast, 2019-2033 (USD Million)
10.1. Global Automotive Gesture Recognition System Market Size and Market Share
11. Global Automotive Gesture Recognition System Market, By Product type, 2019-2033 (USD Million)
11.1. Global Automotive Gesture Recognition System Market Size and Market Share By Product type (2019-2026)11.2. Global Automotive Gesture Recognition System Market Size and Market Share By Product type (2027-2033)
12. Global Automotive Gesture Recognition System Market, By Distribution Channels, 2019-2033 (USD Million)
12.1. Global Automotive Gesture Recognition System Market Size and Market Share By Distribution Channels (2019-2026)12.2. Global Automotive Gesture Recognition System Market Size and Market Share By Distribution Channels (2027-2033)
13. Global Automotive Gesture Recognition System Market, By End User, 2019-2033 (USD Million)
13.1. Global Automotive Gesture Recognition System Market Size and Market Share By End User (2019-2026)13.2. Global Automotive Gesture Recognition System Market Size and Market Share By End User (2027-2033)
14. Global Automotive Gesture Recognition System Market, By Region, 2019-2033 (USD Million)
14.1. Global Automotive Gesture Recognition System Market Size and Market Share By Region (2019-2026)14.2. Global Automotive Gesture Recognition System Market Size and Market Share By Region (2027-2033)14.3. Asia-Pacific14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific14.4. Europe14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe14.5. Middle East and Africa14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa14.6. North America14.6.1. Canada14.6.2. Mexico14.6.3. United States14.7. Latin America14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. Cipia Vision Ltd.15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Cognitec Systems GmbH15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. NXP SEMICONDUCTORS15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. QUALCOMM TECHNOLOGIES15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. SAMSUNG ELECTRONICS CO., LTD.15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Synaptics Incorporated15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Sony Corporation15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. Usens Inc.15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. VISTRON CORPORATION15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Automotive Gesture Recognition System Market is projected to reach USD 26.71 Billion by 2033, growing at a CAGR of 30.71% during the forecast period.
Automotive Gesture Recognition System Market grew in market size from 2023. The Market is expected to reach USD 26.71 Billion by 2033, at a CAGR of 30.71% during the forecast period.
Automotive Gesture Recognition System Market CAGR of 30.71% during the forecast period.
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Automotive Gesture Recognition System Market size is USD 26.71 Billion from 2023 to 2033.
Automotive Gesture Recognition System Market Segment is Covered By Authentication type, By Application, By Component.
The North America region is anticipated to have the highest market share in Automotive Gesture Recognition System Market.
The key players in the market include Companies Covered Cipia Vision Ltd., Cognitec Systems GmbH, CONTINENTAL AG, NXP SEMICONDUCTORS QUALCOMM TECHNOLOGIES, INC., SAMSUNG ELECTRONICS CO., LTD., Sony Corporation, Synaptics Incorporated, Usens Inc. and VISTRON CORPORATION.
The increase in market share of automatic and premium range vehicles represents a growth opportunity for the market of automatic gesture recognition systems. Currently, the gesture recognition system is capable of controlling functions such as the volume of the music system and the vehicle's sunroof.
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