The size of automotive gesture recognition market was registered at USD 750 million in the year 2019 and is anticipated to cross USD 2.5 billion by 2026. Between the period 2020-2026, the market is expected to register a CAGR of 17.5 %.
The automotive gesture recognition market is set to observe massive growth over the forthcoming years owing to the increasing implementation of gesture control systems in the sector by vehicle manufacturers to provide improved security, safety, and user experience to their customers.
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Touch-based gesture control systems have become widely popular over the past several years as they offer multifigure touch features and user-friendly operations. These systems provide a higher degree of flexibility to users and enable faster operation compared to conventional control options like buttons and switches.
A touch-based control system interface allows the driver to gain quick access to different functions. The driver can draw certain fixed signs or symbols to activate a range of functions. Touch-based gesture control system industry size is slated to record a CAGR of 12% through 2026.
With respect to the product segment, the touch-based gesture control systems segment is likely to register a CAGR of more than 12% across the forthcoming timeframe. The touch-based gesture control interface is highly useful and convenient for drivers as they can just draw predefined symbols anywhere on the touch panel to trigger several functions to obtain direct access to the feature or service.
This system enables quicker operations than general control concepts of switches and buttons. Apart from these growth factors, the touch-based gesture control system would foresee heavy growth owing to the availability of user-friendly and multifigure touch operations.
A major chunk of automotive gesture recognition market growth is projected to come from increasing sales of luxury passenger cars. The growing affordability for high-end and premium cars has further augmented the demand for these systems. In addition, electric vehicles and self-driving cars are the major factors making PCV the dominating profitable segment of the industry.
Various new technology companies are entering the automotive sector owing to heavy growth potential the technology possesses and the ongoing proliferation of the existing automotive companies. These new entries are further increasing the competition across the industry. Existing market giants are focusing on making investments in major industry players consolidate their foothold and to gain access to recent technologies.
Several firms are providing gesture control for their vehicles. Taking January 2019 for instance, Jaguar Land Rover designed and deployed a gesture recognition system to operate its car doors. This system opens the doors of the car automatically when the driver approaches the car. The system also allows the doors to be operated through gesture control.
European automakers, particularly luxury car manufacturers, are implementing gesture control systems into their vehicles. It is estimated that around 40% of luxury car brands in the region have implemented gesture recognition technologies for faster access and an improved and safe driving experience. Europe automotive gesture recognition market will witness growth at nearly 17% during the forecast period.
The European government has launched numerous initiatives to promote the adoption of autonomous vehicles. Growing implementation of these systems in self-driving cars to enhance customer experience will foster the regional outlook.
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Some Point from Table of Contents:
Chapter 4 Automotive Gesture Recognition Market, By Product
4.1 Key trends by product
4.2 Touch-based
4.2.1 Market estimates and forecast, 2017 – 2026
4.3 Touchless
4.3.1 Market estimates and forecast, 2017 – 2026
Chapter 5 Automotive Gesture Recognition Market, By Authentication
5.1 Key trends by authentication
5.2 Hand/Fingerprint/Palm/Leg
5.2.1 Market estimates and forecast, 2017 – 2026
5.3 Face
5.3.1 Market estimates and forecast, 2017 – 2026
5.4 Vision
5.4.1 Market estimates and forecast, 2017 – 2026
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