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Automotive Gesture Recognition Market 2019-2024 Manufacturers - Apple, Harman International, Intel Corporation, Jabil, NXP Semiconductors, Qualcomm, Texas Instruments, Visteon Corporation
Automotive Gesture Recognition
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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.
Automotive Gesture Recognition Market 2019-2024 Important Key Players:
1.Apple
2. Cognitec Systems
3. Continental AG
4. eyeSight Technologies Ltd.
5. Delphi Automotive PLC
6. Gestigon Gmbh
7. Harman International
8. Intel
9. Jabil
10. Melexis
11. Navtek Solutions
12. Neonode
13. NXP Semiconductors
14. Qualcomm Inc.
15. Renesas
16. Sony Dephthsensing solutions (SoftKinetic)
17. Synaptics Incorporated
18. Texas Instruments
19. Visteon Corporation
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PCV dominates the overall market size contributing at around 85% of the overall volume share in 2017. Rising standards of living, increasing middle-class population in emerging nations in conjunction with strong GDP growth is leading to upsurge in sales of high-end and medium passenger car sales. Superior sales of premium and luxury cars installed with advanced electronic systems will boost the automotive gesture recognition market growth.
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. For instance, in April 2018, European Commission mandated the automobile OEMs for equipping its new cars with automated emergency services such as e-call technology for improved passenger safety.
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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.
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