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Automotive Gesture Recognition Market for Touch-based segment to grow at 43% CAGR over the forecast period | Key Players Apple, Delphi, HARMAN International, Intel Corporation, Jabil, Qualcomm, Texas Instruments
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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.
Hand or fingerprint authentication was valued at over USD 1,400 Million in 2017. This dominance is credited to the proliferating usage of these systems owing to easier operation and incorporation of IR sensors and cameras supporting the segment share. For instance, in 2015, BMW launched the 7-Series model line-up with improved hand and fingerprint sensing technologies for controlling multiple car operations, thereby contributing to the overall automotive gesture recognition market expansion.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Apple
• Continental AG
• Delphi
• Harman International
• Intel
• Jabil
• Melexis
• NXP Semiconductors
• Qualcomm, Inc.
• Renesas Electronics Corporation
• Synaptics Incorporated
• Texas Instruments
• Visteon Corporation
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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.
Increasing vehicles demand with technologically advanced features including enhanced navigation and gesture-based infotainment systems are expanding the automotive gesture recognition market over the forecast timeframe. Incorporation of advanced sensors and electronics into the vehicles for improving the overall driving experience will further expand the business penetration till 2024.
Increasing adoption of electronic components in vehicles for complying to stringent government norms associated with vehicle safety and emission are supporting the industry expansion. Usage of gestures for controlling various operations within vehicles including changing music, answering phone calls, and control the navigation are further strengthening the industry growth.
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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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