The automotive gesture recognition system market is predicted to develop due to factors such as the acceptance of smart technology features in automobiles and the involvement of novel technologies for enhanced user interface (UI). However, market development is constrained by technological troubleshooting, upgrading, and maintenance, as well as a drop in vehicle production and sales. On the contrary, market participants are expected to benefit from engaging into agreements and contracts with car OEMs for long-term commercial possibilities and expansion in emerging countries. Automotive manufacturers are concentrating their R&D efforts on equipping vehicles with more digital and modern technology in order to improve consumer safety and satisfaction. Tesla is the R&D investment leader, spending about $2,984 each car. In recent years, the car industry has made significant progress in advanced driver assistance systems (ADAS) to increase driver and passenger safety and operational efficiency. Furthermore, the growing demand for sophisticated ADAS features such as automated emergency braking and adaptive cruise control, as well as higher government restrictions aimed at reducing road accidents, has prompted major automobile OEMs to include ADAS technologies in their next-generation vehicles.

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Automotive gesture recognition systems are a type of technology that uses touch-based and touchless gestures as input to control car electronic components, resulting in increased driver and vehicle safety and efficiency. Automotive gesture recognition systems are now in demand for multimedia, entertainment, and navigation-based electronic equipment in automobiles. Furthermore, rising consumer awareness of driver safety and regulations in the automotive sector, as well as a growing desire for application-based technologies, are expected to fuel demand for automotive gesture recognition systems throughout the projection period.

According to UnivDatos Market Insights (UMI)’ research report “Automotive Gesture Recognition System Market”, the market is expected to witness a CAGR growth of around 16% during the forecast period 2021-2027F. Global Automotive Gesture Recognition System Market is experiencing significant growth due to the adoption of new and smart technology features in vehicles along with higher demand for enhanced safety features in vehicles.

Based on Component Type, the market is segmented into Touch Based Systems and Touchless Systems. The Touchless Systems segment is expected to grow at a higher CAGR during the forecasted period. By component type, the touchless system sector is expected to develop at the quickest rate throughout the projection period. This is due to factors such as improved user experience in touchless gesture recognition systems' different applications and driving comfort

Based on Authentication Type, the market is segmented into Hand/Fingerprint/Leg, Face, Vision/IRIS and Others. The Hand/Fingerprint/Leg segment is expected to grow at a higher CAGR during the forecasted period. By authentication type, the Hand/ Fingerprint/ Leg authentication type is expected to have the greatest market size. The expansion of the visual interface market is being fueled by factors such as technical advancements and enhanced safety standards

Based on Application, the market is segmented into Multimedia/Infotainment/Navigation, Lighting Systems and Others. The Multimedia/Infotainment/Navigation segment is expected to grow at a higher CAGR during the forecasted period. During the projected period, the multimedia/infotainment/navigation category is expected to increase at the quickest rate. With the growing focus on lowering driver distraction concerns, most gesture recognition system makers and OEMs are concentrating on improving the user experience when operating these infotainment or navigation systems, as well as delivering convenience and comfort to the driver

Europe to Grab Lion’s Share

Based on the estimation, during the projection period of 2021-2027, Europe is expected to grow at a higher CAGR. By value and volume, the European area is anticipated to be the largest market with the highest proportion of the market. Because of the high penetration of Gesture Recognition System as well as significant car production and sales due to high discretionary income in countries like Germany and the United Kingdom, the European market is expected to be the largest. Because of the existence of the world's most well-known automotive manufacturers, the market in Europe is expected to increase significantly, owing to the high demand for gesture recognition systems. Many passenger automobiles and buses in Europe, for example, are outfitted with this technology, which greatly improves driver and vehicle safety.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global Automotive Gesture Recognition System Market are includes Synaptics Incorporated, Continental AG, Visteon Corp, NXP Semiconductors, Qualcomm Inc., Cognitec Systems GmbH, Cipia Vision Ltd, Samsung Electronics Co., Ltd., Sony Corporation, Neonode Inc etc.

·         In August 19, NXP Semiconductors N.V. and Volkswagen have shared early glimpses into Ultra-Wideband (UWB) technology and its future applications. In a Volkswagen concept car, the companies showed the capabilities of Ultra-Wideband for advancing security, safety and convenience in vehicles

“Global Automotive Gesture Recognition System Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1.       By Component Type (Touch Based Systems and Touchless Systems)

2.       By Authentication Type (Hand/Fingerprint/Leg, Face, Vision/IRIS and Others)

3.       By Application (Multimedia/Infotainment/Navigation, Lighting Systems and Others)

4.       By Region (North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of APAC), and Rest of World)

5.       By Company (Synaptics Incorporated, Continental AG, Visteon Corp, NXP Semiconductors, Qualcomm Inc., Cognitec Systems GmbH, Cipia Vision Ltd, Samsung Electronics Co., Ltd., Sony Corporation, Neonode Inc)

Key questions answered in the study:

1.       What are the current and future trends of the Global Automotive Gesture Recognition System industry?

2.       How the industry has been evolving in terms of end-user demand and product category?

3.       How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.       What are the key growth drivers and challenges for the Global Automotive Gesture Recognition System industry?

5.     What is the customer orientation, purchase behavior, and expectations from the Global Automotive Gesture Recognition System suppliers across various countries?

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