Press release
Automotive Gesture Recognition Systems Market Set to Reach $5.39 Billion by 2029 with 21.3% Yearly Growth
Automotive Gesture Recognition Systems Market Size
The size of the automotive gesture recognition systems market has seen a significant expansion recently. It's projected to inflate from $2.05 billion in 2024 to $2.49 billion in 2025, with a compound annual growth rate (CAGR) of 21.7%. The growth during the previous years can be traced back to factors such as the rising demand for advanced driver assistance systems (ADAS) features, the escalated use of time-of-flight (TOF) sensors, an upward trend in in-vehicle infotainment systems, enhanced fuel efficiency, and an increase in the production of vehicles.
The market size of automotive gesture recognition systems is projected to experience a significant surge in the coming years, ballooning to $5.39 billion by 2029 with a compound annual growth rate (CAGR) of 21.3%. Factors propelling this growth can be linked to the rise in road accidents, expanding vision-based systems, escalation in high-end luxury cars, increased automation demand, and the growing necessity for easy-to-use human-machine interfaces (HMI) within vehicles. Key trends for the forecast period include the introduction of smart technologies in cars, development of hand gesture control systems employing touch-and-swipe method, incorporation of internet-of-things (IoT) devices, advancements in electric and autonomous vehicle technology, and the application of biometric iris recognition.
What Are the Key Drivers Behind the Growth of the Automotive Gesture Recognition Systems Market?
The surge in the number of road mishaps is anticipated to boost the automobile gesture recognition systems market in the future. This increase in road accidents can be attributed to factors like inadequate signage, poor lighting, increased vehicle ownership, and human errors like over-speeding and irresponsible driving. By enabling drivers to operate in-car functionalities without shifting their focus off the road or their hands off the steering wheel, automotive gesture recognition systems significantly reduce the number of road accidents. These systems also enhance driver safety and reduce distractions often caused due to meddling with touchscreens, buttons, or dials. For instance, the Transport Accident Commission, a government agency based in Australia, stated that there were 295 fatalities on Victorian roads in 2023, reflecting a 22.4% hike (54 more deaths) compared to 2022. The number of fatal crashes also increased by 22 (9%), rising to 261 from the 239 recorded the previous year. Consequently, the rising number of road accidents fuels the growth of the automotive gesture recognition systems market.
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Who Are the Dominant Companies Influencing Automotive Gesture Recognition Systems Market Trends?
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.
How Is the Automotive Gesture Recognition Systems Market Evolving?
Key players in the automotive gesture recognition systems market are concentrating their efforts on creating advanced solutions, such as touchless gesture controls, for an enhanced overall vehicle performance. These no-contact gesture-based controls allow users to communicate with a vehicle's systems via hand movements without any physical contact, using sensors and cameras to identify and process gestures. This enables drivers to utilize functions like infotainment, radio adjustments, navigation, and climate configurations smoothly and securely. For instance, in April 2022, STMicroelectronics, a semiconductor firm based in Switzerland, introduced STGesture, a solution for no-touch gesture-based controls featuring STGesture recognition technology. This product package includes complimentary engineering software and a gesture-recognition engine built to foster instinctive interactions with various devices. It provides functionalities like infotainment system control and climate setting adjustments without physical contact, hence reducing driver distraction and promoting overall driving safety.
What Are the Different Segmentations in the Automotive Gesture Recognition Systems Market?
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
Subsegments:
1) By Touch-Based Systems: Capacitive Touch Sensors, Resistive Touch Sensors, Touch Screen Displays With Gesture Control, Haptic Feedback Systems
2) By Touchless Systems: Infrared Gesture Recognition, Ultrasonic Gesture Recognition, 3D Imaging And Camera-Based Systems, Radar-Based Gesture Sensors, Optical Sensing Gesture Systems
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Which Region Is at the Forefront of the Automotive Gesture Recognition Systems Market?
Europe was the largest region in the automotive gesture recognition systems market in 2024. The regions covered in the automotive gesture recognition systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Automotive Gesture Recognition Systems Global Market Report?
- Market Size Analysis: Analyze the Automotive Gesture Recognition Systems Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Gesture Recognition Systems Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Gesture Recognition Systems Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Gesture Recognition Systems Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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