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Automotive Gesture Recognition Market 2024 To Enjoy Major Growth | Visteon Corporation, Texas Instruments, Renesas Electronics, Qualcomm, NXP Semiconductors, Jabil, Intel Corporation, HARMAN International, Delphi, Continental, Apple

01-18-2019 04:51 PM CET | Media & Telecommunications

Press release from: Automotive Industry

Automotive Gesture Recognition

Automotive Gesture Recognition

Automotive Gesture Recognition Market is estimated to exhibit around 42% CAGR with USD 13.6 billion by 2024.

Automotive HMI (Human-Machine Interface) technology is proliferating at such a rapid pace that today it can enable real-time communication between driver and the vehicle system without distraction, even while driving the vehicle. Add to it, recent developments in gesture recognition systems have also brought a change in conventional dashboard layout from static to a more dynamic adaptable design. On grounds of this widespread acclaim, numerous automotive gesture recognition market giants have been trying their hands out on improvising the technology.

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In this regard, 3D gesture recognition concept is taking the industry space by storm. Supported by multiple image sensors, this highly specific user interface systems allegedly are capable of generating data from any distance, which represent three dimensional spaces all across the device. A few years back, in 2015, Visteon, one of the formidable players in automotive gesture recognition industry, grabbed the headlines with its first showcase of a 3D gesture recognition enabled multipurpose vehicle at Beijing motor show. Equipped with time-of-flight camera technology and image processing algorithm, the groundbreaking system effectively recognizes certain predefined hand movements to perform different operations. Reportedly, the system could also distinguish between passenger and driver hand gestures, in addition to allowing customizable hand gestures.

Europe accounted for the maximum revenue share of more than 43% in 2017. This dominance is credited to the continuous innovation in automotive industry along with focus on vehicle driver and passenger safety. Growing adoption of telematics control units in passenger cars to ensure occupants safety will further augment industry growth. Supporting government regulations for bringing rapid assistance to motorists involved in accidents is strengthening the industry 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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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. For instance, in June 2015, BMW introduced 7 series with device capability of recognizing hand gestures using camera and IR light. 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.

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.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/automotive-gesture-recognition-market

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

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc.
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