Global Automotive Gesture Recognition Systems Market Growth 2024, Forecast To 2033
11 Sep, 2024
The automotive gesture recognition systems market has seen exponential growth, rising from $1.69 billion in 2023 to $2.05 billion in 2024 at a compound annual growth rate (CAGR) of 21.0%. This growth has been fueled by the increasing demand for advanced driver assistance systems (ADAS), the rise in the use of time-of-flight (TOF) sensors, the increasing adoption of in-vehicle infotainment systems, a push for greater fuel efficiency, and rising vehicle production. The market is expected to expand to $4.45 billion by 2028 at a CAGR of 21.4%, driven by factors such as the rise in road accidents, increasing adoption of vision-based systems, the growth of high-end luxury cars, demand for automation, and the increasing need for convenient human-machine interfaces (HMI) in vehicles. Major trends for the forecast period include the integration of smart technology in vehicles, the development of touch-and-swipe hand gesture control systems, IoT integration, technological advances in electric and self-driving vehicles, and the implementation of biometric iris recognition systems.
Global Automotive Gesture Recognition Systems Market Key Driver
The increasing number of road accidents is expected to accelerate the growth of the automotive gesture recognition systems market. Road accidents are rising due to factors such as inadequate signage, poor lighting, increased vehicle ownership, and human errors like speeding and reckless driving. Automotive gesture recognition systems can help reduce accidents by allowing drivers to control in-car functions through gestures, thus minimizing distractions and improving driver safety. For example, in May 2022, the National Highway Traffic Safety Administration reported a 10.5% increase in fatalities from motor vehicle crashes, with an estimated 42,915 deaths in 2021 compared to 38,824 in 2020. Therefore, the growing number of road accidents is expected to propel the growth of the automotive gesture recognition systems market.
Get A Free Sample Of The Automotive Gesture Recognition Systems Market ReportGlobal Automotive Gesture Recognition Systems Market Segments
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
By Geography:The regions covered in the automotive gesture recognition systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Europe was the largest region in the automotive gesture recognition systems market in 2023.
Major Automotive Gesture Recognition Systems Industry Players
Apple Inc., Robert Bosch GmbH, Intel Corporation, Panasonic Corporation, ZF Friedrichshafen AG, Denso Corporation, Continental AG, Hyundai Mobis Co. Ltd., Magna International Inc., Flex Ltd., Faurecia SE, NVIDIA Corporation, Valeo S.A., Aptiv PLC, Mahle Aftermarket GmbH, NXP Semiconductors N.V., Yazaki Corporation, Renesas Electronics Corporation, Harman International Industries, Mando Corporation, Visteon Corporation, Xilinx Inc., Mobileye Global Inc., Synaptics Incorporated, Melexis NV, Ambarella Inc.
Purchase The Global Automotive Gesture Recognition Systems Market Report Directly And Get A Swift DeliveryAutomotive Gesture Recognition Systems Market Overview
Automotive gesture recognition systems are advanced driver assistance technologies that enable drivers and passengers to interact with a vehicle's infotainment and control systems through intuitive hand movements or gestures without physical touch. These systems utilize sensors, cameras, and software algorithms to detect, interpret, and respond to specific gestures. Automotive gesture recognition systems represent a significant step towards more interactive, user-friendly, and safer vehicle environments.
Automotive Gesture Recognition Systems Global Market Report 2023 provides data on the global automotive gesture recognition systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive gesture recognition systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.