Automotive Gesture Recognition Market: Global Trends, Opportunities And Industry Forecast To 2026
The automotive gesture recognition market is set to grow from its current market value of more than USD 750 million to over USD 2.5 billion. The automotive gesture recognition industry 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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Based on product, touch-based gesture control systems market will witness a steady CAGR through 2026. Touch-based control interfaces enable the driver to draw a fixed several fixed symbols to trigger and gain access a range of functions. These systems allow faster operations compared to conventional control technologies based on buttons and switches. Touch-based gesture control technology is rapidly gaining traction as it offers multifigure touch as well as user-friendly operations.
On the other hand, touchless gesture recognition systems offer a greater degree of flexibility to users. The segment is expected to experience notable growth during the projected timeline. On the basis of authentication, hand/ palm/ fingerprint/ leg segment is slated to capture a major share of automotive gesture recognition market on account of numerous advantages.
A major chunk of automotive gesture recognition systems industry 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.
On the regional front, Europe automotive gesture recognition market is likely to proliferate exponentially attributing to the growing deployment of these systems across luxury cars in the region. In fact, it is estimated that about 40% of the luxury car companies in the region have installed gesture recognition systems in their vehicle models.
Implementation of these systems has enhanced driver experience, customer experience, and has also provided quicker access. Furthermore, growing government initiatives regarding self-driving technology are pushing the autonomous car trend throughout the region. Consequently, gesture control is observing growing demand owing to the increasing deployment across autonomous cars.
Citing an instance, Waymo LLC, a renowned US-based autonomous driving technology firm, has adopted gesture recognition technology for self-driving cars which enables the vehicle to respond to the hand signals made by the traffic police.
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Some Point from Table of Contents:
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
Chapter 6 Automotive Gesture Recognition Market, By Application
6.1 Key trends by application
6.2 Multimedia/infotainment/navigation
6.2.1 Market estimates and forecast, 2017 – 2026
6.3 Lighting system
6.3.1 Market estimates and forecast, 2017 – 2026
6.4 Others
6.4.1 Market estimates and forecast, 2017 – 2026
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