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Automotive Gesture Recognition Systems Market Size, Trends, Growth Drivers, Forecast To 2033
Automotive Gesture Recognition Systems Market Size
As per the report, the automotive gesture recognition systems market size has grown exponentially in recent years. It will grow from $1.69 billion in 2023 to $2.05 billion in 2024 at a compound annual growth rate (CAGR) of 21.0%. The automotive gesture recognition systems market size is expected to see exponential growth in the next few years. It will grow to $4.45 billion in 2028 at a compound annual growth rate (CAGR) of 21.4%.
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What Is Driving The Growth Of The Global Automotive Gesture Recognition Systems Market?
Growing Automotive Gesture Recognition Systems Market Driven By Increasing Road Accidents And Safety Needs
The increasing number of road accidents is expected to propel the growth of the automotive gesture recognition systems market going forward. The growing number of road accidents is due to a lack of proper signage and insufficient lighting, a rise in vehicle ownership, and human errors such as speeding and reckless driving. Automotive gesture recognition systems help reduce the number of road accidents by allowing drivers to control in-car functions without taking their eyes off the road or hands off the wheel, improve driver safety, and minimize distractions caused by fiddling with touchscreens, buttons, or dials.
What Is The Key Trend In The Global Automotive Gesture Recognition Systems Market?
Innovations In Automotive Gesture Recognition Systems Enhance Vehicle Functionality And Safety
Major companies in the automotive gesture recognition systems market are focused on developing advanced solutions, such as contactless gesture controls, to improve overall vehicle functionality. Touchless gesture-based controls enable users to interact with a vehicle's systems using hand movements without making physical contact and use sensors and cameras to detect and interpret gestures, allowing drivers to operate functions such as infotainment, adjusting the radio, navigation, and climate settings seamlessly and safely.
How Is The Global Automotive Gesture Recognition Systems Market Segmented?
The automotive gesture recognition systems market covered in this report is segmented -
1) By Component: Touch Based Systems, Touchless Systems
2) By Authentication: Hand, FingerPrint And Leg Recognition, Facial Recognition, Vision And IRIS Recognition, Other Authentications
3) By Vehicle Type: Passenger Cars, Commercial Vehicles
4) By Application: Multimedia, Infotainment And Navigation, Lighting Systems, Other Applications
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How Is The Competitive Landscape Of The Global Automotive Gesture Recognition Systems Market?
Major companies operating in the automotive gesture recognition systems market are Apple Inc., Robert Bosch GmbH, Intel Corporation, Panasonic Corporation, ZF Friedrichshafen AG, Denso Corporation, Continental AG, Hyundai Mobis Co. Ltd., Magna International Inc., Flex Ltd., Faurecia SE, NVIDIA Corporation, Valeo S.A., Aptiv PLC, Mahle Aftermarket GmbH, NXP Semiconductors N.V., Yazaki Corporation, Renesas Electronics Corporation, Harman International Industries, Mando Corporation, Visteon Corporation, Xilinx Inc., Mobileye Global Inc., Synaptics Incorporated, Melexis NV, Ambarella Inc.
Contents Of The Global Automotive Gesture Recognition Systems Market
1. Executive Summary
2. Automotive Gesture Recognition Systems Market Report Structure
3. Automotive Gesture Recognition Systems Market Trends And Strategies
4. Automotive Gesture Recognition Systems Market - Macro Economic Scenario
5. Automotive Gesture Recognition Systems Market Size And Growth
…..
27. Automotive Gesture Recognition Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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