Automotive Gesture Recognition Market Overview
Automotive Gesture Recognition Market is expected to grow at a CAGR of 27.70% during the forecast period. Automotive Gesture Recognition Market is expected to reach US$ 26.82 Bn. in 2030 from US$ 4.84 Bn in 2023.
The Automotive Gesture Recognition Market was valued at USD 4.84 billion in 2023, and is predicted to grow at a CAGR of 27.70 percent to USD 26.82 billion by 2030.
The Automotive Gesture Recognition Market is studied by segments like Type (hand recognition/fingerprint recognition/palm recognition/leg recognition, facial recognition, vision/iris recognition, and others), Application (navigation/multimedia/infotainment systems, lighting systems, and others) and Region (North America, Europe, Asia-Pacific, and Rest of the World). The report consists of the Trend, Forecast, Competitive Analysis, and Growth Opportunities of the market.
To access more details regarding this research, visit the following webpage:https://www.stellarmr.com/report/req_sample/Automotive-Gesture-Recognition-Market-/648
Automotive Gesture Recognition Market Report Scope and Research Methodology
The dominance of touch-based gesture recognition recognition systems in the automobile gesture recognition market, despite a strong preference for touch-based technology among end users. While touch-based gesture recognition acquired over 80% of worldwide market share in 2021, touchless technologies have entered the market with significantly increased customer confidence and are projected to have a positive market outlook during the projection period and beyond. In comparison to touch-based systems, however, the implementation of touchless automotive gesture recognition in simpler operations increases complexity and is expected to face the obstacle of limited adoption.
Automotive Gesture Recognition Market Regional Insights
North America is expected to lead globally when it comes to the consumer demands. The market in the region has included some of the most modern vehicle automation technology and has a high rate of technical adoption. The presence of numerous well-established car manufacturers like Tesla offering high-end vehicle models with improved automotive gesture recognition systems is expected to fuel market expansion in this area.
For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Automotive-Gesture-Recognition-Market-/648
Automotive Gesture Recognition Market Segmentation
Based on Type, the Automotive Gesture Recognition Market is classified into hand recognition/fingerprint recognition/palm recognition/leg recognition, facial recognition, vision/iris recognition, and others. There have been significant developments in passenger automobiles over the years, in response to the continuously changing consumer needs. One such element is the vehicle’s biometric security system, which improves vehicle security. The hand recognition/fingerprint recognition/palm recognition/leg recognition sub-segment is expected to gain the most traction and increase steadily during the forecast period, owing to the huge number of technological breakthroughs in the market.
Automotive Gesture Recognition Market Key Players
Cognitec Systems GmbH (Germany)
Cipia Vision Ltd. (Israel)
Continental AG (Germany)
Samsung Electronics Co., Ltd (South Korea)
Eyesight Technologies Ltd. (Israel)
Sony Corporation (Japan)
Harman International Industries, Inc. (USA)
Usens Inc (USA)
NXP Semiconductors N.V. (Netherlands)
Qualcomm Inc. (USA)
To Learn More About This Study, Please Click Here:https://www.stellarmr.com/report/Automotive-Gesture-Recognition-Market-/648
Key questions answered in the Automotive Gesture Recognition Market are:
- What is Automotive Gesture Recognition?
- What was the Automotive Gesture Recognition market size in 2023?
- What is the growth rate of the Automotive Gesture Recognition Market?
- Which are the factors expected to drive the Automotive Gesture Recognition market growth?
- What are the different segments of the Automotive Gesture Recognition Market?
- What growth strategies are the players considering to increase their presence in Automotive Gesture Recognition?
- What are the upcoming industry applications and trends for the Automotive Gesture Recognition Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Gesture Recognition Market?
- What segments are covered in the Automotive Gesture Recognition Market?
- Who are the leading companies and what are their portfolios in Automotive Gesture Recognition Market?
- What segments are covered in the Automotive Gesture Recognition Market?
- Who are the key players in the Automotive Gesture Recognition market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
