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Automotive Gesture Recognition Market Share, Trend Analysis, Key Drivers, Size And Forecast To 2033
Automotive Gesture Recognition Market
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According to The Business Research Company's, The automotive gesture recognition market size has grown exponentially in recent years. It will grow from $1.66 billion in 2023 to $2.00 billion in 2024 at a compound annual growth rate (CAGR) of 20.1%. The growth in the historic period can be attributed to increasing demand for enhanced user interfaces in vehicles, the rise of advanced driver assistance systems (ADAS), growing emphasis on driver safety and convenience, advancements in sensor technologies, and the shift towards electric and autonomous vehicles.
The automotive gesture recognition market size is expected to see exponential growth in the next few years. It will grow to $4.17 billion in 2028 at a compound annual growth rate (CAGR) of 20.2%. The growth in the forecast period can be attributed to rising consumer demand for seamless and intuitive human-machine interfaces, ongoing development of fully autonomous vehicles, increasing focus on enhancing the in-car experience in electric vehicles, expansion of smart vehicle technologies, a heightened awareness of environmental sustainability driving the adoption of advanced automotive features. Major trends in the forecast period include the integration of gesture recognition systems in electric and autonomous vehicles, development in advanced driver assistance systems (ADAS), adoption of artificial intelligence and machine learning, expansion of touchless technology, and proliferation of in-vehicle infotainment systems utilizing gesture controls.
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Market Drivers and Trends:
The growing consumer demand for connected vehicles is expected to propel the growth of the automotive gesture recognition market going forward. Connected vehicles are advanced automobiles equipped with technology that allows them to communicate with external systems and other devices. The demand for connected vehicles is driven by a greater emphasis on safety, improved convenience, and enhanced driving experiences. Gesture recognition enables drivers to control vehicle functions touch-free, minimizing distractions and boosting safety. It also aids drivers with disabilities, enhances accessibility, and integrates with AI for personalized and adaptive user experiences. For instance, in August 2022, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, there were projected to be 3.5 million autonomous vehicles or self-driving cars on American roads by 2025. Additionally, 4.5 million autonomous vehicles are expected to be on the road by 2030. Therefore, growing consumer demand for connected vehicles is driving the growth of the automotive gesture recognition market.
Major companies operating in the automotive gesture recognition market are developing advanced biometric facial recognition to provide personalized driving experiences and enable seamless interaction with in-car systems. Biometric facial recognition in vehicles employs cameras and algorithms to identify occupants by their facial features. For instance, in January 2024, Continental AG, a Germany-based automotive manufacturing company, launched the Face Authentication Display, a two-stage access control system that utilizes advanced biometric technology for enhanced vehicle security and user convenience. This system, discreetly positioned behind the driver display console, features a high-contrast organic light-emitting diode (OLED) screen that maintains the vehicle's sleek appearance while identifying individuals through its pixels. It supports facial recognition inside and outside the car, offering improved security by preventing unauthorized access and controlling entry for family members. Furthermore, it prevents children from starting the engine, adding an extra layer of safety.
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Major Key Players of the Market:
Robert Bosch GmbH, Intel Corporation, Qualcomm Incorporated, Continental AG, Mitsubishi Electric Corporation, Fujitsu Limited, NVIDIA Corporation, Avnet Inc., Valeo India Private Limited, Texas Instruments Incorporated, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Harman International Industries Incorporated, Zebra Technologies Corporation, IDEMIA, Synaptics Inc., Omnivision Technologies Inc., Cognex Corporation, Visage Technologies, Ultraleap Limited, LeddarTech Inc., Motion Gestures
Automotive Gesture Recognition Market 2024 Key Insights:
• The automotive gesture recognition market size is expected to see exponential growth in the next few years. It will grow to $4.17 billion in 2028 at a compound annual growth rate (CAGR) of 20.2%.
• Rising Demand For Connected Vehicles Fuels Growth In The Automotive Gesture Recognition Market
• Advancements In Automotive Biometric Facial Recognition Enhance Security And Personalization
• North America was the largest region in the automotive gesture recognition market in 2023
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