The Automotive Gesture Recognition Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Gesture Recognition Systems Global Market Report 2024, The automotive gesture recognition systems market size has grown exponentially in recent years. It will grow from $1.69 billion in 2023 to $2.05 billion in 2024 at a compound annual growth rate (CAGR) of 21.0%. The growth in the historic period can be attributed to rise in demand for advanced driver assistance systems (ADAS) features, increase in using time-of-flight (TOF) sensors, rising in-vehicle infotainment systems, increase in fuel efficiency, and increase in vehicle production.
The automotive gesture recognition systems market size is expected to see exponential growth in the next few years. It will grow to $4.45 billion in 2028 at a compound annual growth rate (CAGR) of 21.4%. The growth in the forecast period can be attributed to increasing road accidents, increasing vision-based systems, rising high-end luxury cars, growing demand for automation, and increasing demand for convenient human-machine interfaces (HMI) in vehicles. Major trends in the forecast period include smart technology features in vehicles, developing touch-and-swipe hand gesture control system, integration with internet of things (IoT) devices, technological advances in electric and self-driving vehicles, and implementing biometric iris recognition.
The increasing number of road accidents is expected to propel the growth of the automotive gesture recognition systems market going forward. The growing number of road accidents is due to a lack of proper signage and insufficient lighting, a rise in vehicle ownership, and human errors such as speeding and reckless driving. Automotive gesture recognition systems help reduce the number of road accidents by allowing drivers to control in-car functions without taking their eyes off the road or hands off the wheel, improve driver safety, and minimize distractions caused by fiddling with touchscreens, buttons, or dials. For instance, in May 2022, according to the National Highway Traffic Safety Administration, a US-based government agency focused on transportation safety, the number of fatalities from motor vehicle crashes surged by 10.5%, reaching an estimated 42,915 deaths in 2021, compared to 38,824 in 2020. Therefore, increasing road accidents drive the automotive gesture recognition systems market.
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The automotive gesture recognition systems market covered in this report is segmented –
1) By Component: Touch Based Systems, Touchless Systems
2) By Authentication: Hand, FingerPrint And Leg Recognition, Facial Recognition, Vision And IRIS Recognition, Other Authentications
3) By Vehicle Type: Passenger Cars, Commercial Vehicles
4) By Application: Multimedia, Infotainment And Navigation, Lighting Systems, Other Applications
Major companies in the automotive gesture recognition systems market are focused on developing advanced solutions, such as contactless gesture controls, to improve overall vehicle functionality. Touchless gesture-based controls enable users to interact with a vehicle’s systems using hand movements without making physical contact and use sensors and cameras to detect and interpret gestures, allowing drivers to operate functions such as infotainment, adjusting the radio, navigation, and climate settings seamlessly and safely. For instance, in April 2022, STMicroelectronics, a Switzerland-based semiconductor company, launched STGesture, a solution for touchless gesture-based controls with STGesture recognition. This product includes free engineering software and a gesture-recognition engine designed to enable intuitive interactions with various devices. It offers features such as the ability to control infotainment systems and adjust climate settings without physical contact, thereby minimizing driver distraction and enhancing overall driving safety.
The automotive gesture recognition systems market report table of contents includes:
1. Executive Summary
2. Automotive Gesture Recognition Systems Market Characteristics
3. Automotive Gesture Recognition Systems Market Trends And Strategies
4. Automotive Gesture Recognition Systems Market – Macro Economic Scenario
5. Global Automotive Gesture Recognition Systems Market Size and Growth
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32. Global Automotive Gesture Recognition Systems Market Competitive Benchmarking
33. Global Automotive Gesture Recognition Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Gesture Recognition Systems Market
35. Automotive Gesture Recognition Systems Market Future Outlook and Potential Analysis
36. Appendix
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