Automotive Gesture Recognition Market 2018 Eminent Industry Vendors Visteon Corporation, Apple, Continental, Delphi, Intel, Jabil, NXP Semiconductors, Qualcomm, Inc., Texas Instruments

Automotive Gesture Recognition Market for Hand or fingerprint authentication showcased significant growth rate of more than 44% CAGR over the forecast timeframe. This growth is attributed to its usage for environment controlling applications, vehicle access and other vehicle functions. Automobile manufacturers are installing these systems in their product portfolio to attract consumers and enhance their market share. The 3D camera offering superior functionality is further integrated with the 3D image sensor that facilitates easy recognition of the gestures, further strengthening the automotive gesture recognition market share.

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Industry Growth drivers:

1. Increasing demand for advanced vehicle features
2. Presence of technology providers
3. High passenger vehicle demand
4. Growing concerns for driver safety
5. Rising luxury and premium car sales

Multimedia, navigation and infotainment applications will witness robust growth of around 44% CAGR from 2018 to 2024. Rising trend towards customer comfort and advanced driving experience are the key features boosting the product demand. Moreover, cabin monitoring through simple gestures, avoiding distraction and reducing the probabilities of accidents will further propel the automotive gesture recognition market growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Apple
2. Continental AG
3. Delphi
4. Harman International
5. Intel
6. Jabil
7. Melexis
8. NXP Semiconductors
9. Qualcomm, Inc.
10. Renesas Electronics Corporation
11. Synaptics Incorporated
12. Texas Instruments
13. Visteon Corporation

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Europe accounted for over 43% revenue share in 2017 owing to the presence of major automobile companies focusing on introducing advanced infotainment systems in their products for improving the driving experience. Further, supporting government regulations for introducing multiple safety standards for vehicles as standard is further supporting the industry expansion till 2024. For instance, the European Commission announced the mandatory fitment of technologies including e-call technology and automated emergency services in automobiles, thereby providing a positive outlook for the industry growth.

Automotive gesture recognition market share form touch-based systems accounted for the highest volume share at around 69% in 2017. This dominance is attributed to the increasing usage of such systems in multiple models across various price range. Proliferating usage of capacitive touch screens for controlling multiple car features including music control, phone connectivity, and HVAC controls further strengthens the business expansion.

PCVs accounted for more than 2,500 units in 2017 and is expected to continue its dominance over the projected timeframe. This can be credited to the increasing automotive sales across the globe. Improving living standards along with proliferating disposable income further supports the industry share over the projected timeframe. Increasing sales of luxury and premium vehicles with advanced electronic systems along with the availability of multiple models at varied price range further supports the business expansion over the forecast timeframe.

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Few of the players in the automotive gesture recognition market place include Harman International, Delphi Automotive PLC, Sony Depthsensing Solutions, Melexis, Continental AG, and eyeSight Technologies Ltd. Other notable players include Texas Instruments, Intel, Visteon Corporation, and Synaptics Incorporated.

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