Press release
Automotive Gesture Recognition System Market Size & Share, Growth, Trends and Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Automotive Gesture Recognition System" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Gesture recognition provides for an interaction of the driver with the vehicle. Hand movements made by the driver or passenger are tracked in order to recognize gestures. Applications can be transferred from the central display to the instrument cluster and vice versa by means of swipe gestures. Gesture recognition systems sense the 3D models of objects which they identify such as human hands, bodies, or faces by means of only 2D representation. Gesture recognition systems are generally found in passenger cars; they have not been implemented in commercial vehicles till now.
Increase in production of vehicles in the recent years is expected to drive the automotive gesture recognition system market during the forecast period. Rise in consumer preference for application-based technologies and increase in concern regarding safety and security of the driver are expected to fuel the growth of the automotive gesture recognition system market in the next few years. Safety norms mandated by various governments across the world are demanding for the incorporation of technologically-advanced systems, such as gesture recognition system, in vehicles. Increase in efforts undertaken by OEMs as well as governments across the globe to develop and implement the usage of autonomous and electric vehicles is anticipated to further boost the growth of the automotive gesture recognition system market during the forecast period.
The automotive gesture recognition systems are quite costly and, thus, manufacturers find it difficult to provide these high-tech gesture recognition systems in common passenger vehicles. This renders the automotive gesture recognition systems limited only to the high-end and premium models of vehicles. This is expected to hamper the growth of the automotive gesture recognition system market during the forecast period.
Based on authentication type, the automotive gesture recognition system market can be segmented into hand or fingerprint, leg, face, and vision or iris. The hand or fingerprint segment is expected to dominate the automotive gesture recognition system market during the forecast period owing to ease of recognizing the hand or fingerprints of humans by the gesture recognition system.
In terms of type of system, the automotive gesture recognition system market can be divided into touch-based system and touchless system. The touchless system segment is anticipated to witness a significant growth in the next few years owing to its highly advanced technology which allows the driver to enjoy the comfort of the ride and still operate certain functions of the vehicle by means of gestures without actually touching the interface.
Based on application, the automotive gesture recognition system market can be classified into lighting systems; multimedia, navigation & infotainment; and others. The multimedia, navigation & infotainment segment is anticipated to expand at a rapid pace during the forecast period owing to the increasing focus of OEMs on enhancing user experience while operating the infotainment or navigation systems and providing a comfortable and convenient experience to the driver.
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Based on sales channel the automotive gesture recognition system market is segregated into OEM (original equipment manufacturers) and aftermarket. Incorporation of automotive gesture recognition system in vehicles increases the overall cost of vehicles. Thus, vehicle manufacturers at times do not prefer providing the gesture recognition system as an inbuilt feature in mid-priced vehicles. However, consumers may prefer getting the gesture recognition system fixed to their vehicles as aftermarket. Based on sales channel, the OEM segment is expected to dominate the automotive gesture recognition system market during the forecast period owing to the increase in the overall price of vehicles after incorporation of the gesture recognition system in vehicles.
In terms of geography, the automotive gesture recognition system market can be bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, Asia Pacific is expected to lead the automotive gesture recognition system market during the forecast period owing to the increased vehicle production and the presence of key vehicle manufacturers in countries such as China, Japan, and South Korea in the region.
Key players operating in the automotive gesture recognition system market include Continental AG, Harman International Industries, SoftKinetic, Synaptics Incorporated, Visteon Corp., NXP semiconductors, Omek Interactive Ltd., Cognitec Systems GmbH, and eyeSight Technologies.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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