The automotive gesture recognition global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automotive Gesture Recognition Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automotive gesture recognition market size has grown exponentially in recent years. It will grow from $1.66 billion in 2023 to $2.00 billion in 2024 at a compound annual growth rate (CAGR) of 20.1%. The growth in the historic period can be attributed to increasing demand for enhanced user interfaces in vehicles, the rise of advanced driver assistance systems (ADAS), growing emphasis on driver safety and convenience, advancements in sensor technologies, and the shift towards electric and autonomous vehicles.
The automotive gesture recognition market size is expected to see exponential growth in the next few years. It will grow to $4.17 billion in 2028 at a compound annual growth rate (CAGR) of 20.2%. The growth in the forecast period can be attributed to rising consumer demand for seamless and intuitive human-machine interfaces, ongoing development of fully autonomous vehicles, increasing focus on enhancing the in-car experience in electric vehicles, expansion of smart vehicle technologies, a heightened awareness of environmental sustainability driving the adoption of advanced automotive features. Major trends in the forecast period include the integration of gesture recognition systems in electric and autonomous vehicles, development in advanced driver assistance systems (ADAS), adoption of artificial intelligence and machine learning, expansion of touchless technology, and proliferation of in-vehicle infotainment systems utilizing gesture controls.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/automotive-gesture-recognition-global-market-report
Scope Of Automotive Gesture Recognition Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automotive Gesture Recognition Market Overview
Market Drivers –
The growing consumer demand for connected vehicles is expected to propel the growth of the automotive gesture recognition market going forward. Connected vehicles are advanced automobiles equipped with technology that allows them to communicate with external systems and other devices. The demand for connected vehicles is driven by a greater emphasis on safety, improved convenience, and enhanced driving experiences. Gesture recognition enables drivers to control vehicle functions touch-free, minimizing distractions and boosting safety. It also aids drivers with disabilities, enhances accessibility, and integrates with AI for personalized and adaptive user experiences. For instance, in August 2022, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, there were projected to be 3.5 million autonomous vehicles or self-driving cars on American roads by 2025. Additionally, 4.5 million autonomous vehicles are expected to be on the road by 2030. Therefore, growing consumer demand for connected vehicles is driving the growth of the automotive gesture recognition market.
Market Trends –
Major companies operating in the automotive gesture recognition market are developing advanced biometric facial recognition to provide personalized driving experiences and enable seamless interaction with in-car systems. Biometric facial recognition in vehicles employs cameras and algorithms to identify occupants by their facial features. For instance, in January 2024, Continental AG, a Germany-based automotive manufacturing company, launched the Face Authentication Display, a two-stage access control system that utilizes advanced biometric technology for enhanced vehicle security and user convenience. This system, discreetly positioned behind the driver display console, features a high-contrast organic light-emitting diode (OLED) screen that maintains the vehicle’s sleek appearance while identifying individuals through its pixels. It supports facial recognition inside and outside the car, offering improved security by preventing unauthorized access and controlling entry for family members. Furthermore, it prevents children from starting the engine, adding an extra layer of safety.
The automotive gesture recognition market covered in this report is segmented –
1) By Type: Hand Recognition Or Fingerprint Recognition Or Palm Recognition Or Leg Recognition, Facial Recognition, Vision Or Iris Recognition, Other Types
2) By Product: Touch-Based Systems, Touchless Systems
3) By Application: Multimedia Or Infotainment Or Navigation, Lighting System, Other Applications
Get an inside scoop of the automotive gesture recognition market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=19326&type=smp
Regional Insights –
North America was the largest region in the automotive gesture recognition market in 2023. The regions covered in the automotive gesture recognition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the automotive gesture recognition market are Robert Bosch GmbH, Intel Corporation, Qualcomm Incorporated, Continental AG, Mitsubishi Electric Corporation, Fujitsu Limited, NVIDIA Corporation, Avnet Inc., Valeo India Private Limited, Texas Instruments Incorporated, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Harman International Industries Incorporated, Zebra Technologies Corporation, IDEMIA, Synaptics Inc., Omnivision Technologies Inc., Cognex Corporation, Visage Technologies, Ultraleap Limited, LeddarTech Inc., Motion Gestures
Table of Contents
1. Executive Summary
2. Automotive Gesture Recognition Market Report Structure
3. Automotive Gesture Recognition Market Trends And Strategies
4. Automotive Gesture Recognition Market – Macro Economic Scenario
5. Automotive Gesture Recognition Market Size And Growth
…..
27. Automotive Gesture Recognition Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
