The automotive gesture recognition market is poised to grow at more than 17.5% CAGR through 2026. A major chunk of automotive gesture recognition systems industry growth is projected to come from increasing sales of luxury passenger cars. The growing affordability for high-end and premium cars has further augmented the demand for these systems. In addition, electric vehicles and self-driving cars are the major factors making PCV the dominating profitable segment of the industry.
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Implementation of these systems has enhanced driver experience, customer experience, and has also provided quicker access. Furthermore, growing government initiatives regarding self-driving technology are pushing the autonomous car trend throughout the region. Consequently, gesture control is observing growing demand owing to the increasing deployment across autonomous cars.
The automotive gesture recognition market is set to observe massive growth over the forthcoming years owing to the increasing implementation of gesture control systems in the sector by vehicle manufacturers to provide improved security, safety, and user experience to their customers.
Along with this determinant, rising advancements in automation, in-car entertainment, and IoT powered vehicle management is likely to propel the overall industry size. Global automotive gesture recognition market would surpass a valuation of $2.5 billion by year 2026.
With respect to the product segment, the touch-based gesture control systems segment is likely to register a CAGR of more than 12% across the forthcoming timeframe. The touch-based gesture control interface is highly useful and convenient for drivers as they can just draw predefined symbols anywhere on the touch panel to trigger several functions to obtain direct access to the feature or service.
This system enables quicker operations than general control concepts of switches and buttons. Apart from these growth factors, the touch-based gesture control system would foresee heavy growth owing to the availability of user-friendly and multifigure touch operations.
Various new technology companies are entering the automotive sector owing to heavy growth potential the technology possesses and the ongoing proliferation of the existing automotive companies. These new entries are further increasing the competition across the industry. Existing market giants are focusing on making investments in major industry players consolidate their foothold and to gain access to recent technologies.
Several firms are providing gesture control for their vehicles. Taking January 2019 for instance, Jaguar Land Rover designed and deployed a gesture recognition system to operate its car doors. This system opens the doors of the car automatically when the driver approaches the car. The system also allows the doors to be operated through gesture control.
Europe automotive gesture recognition market is likely to proliferate exponentially attributing to the growing deployment of these systems across luxury cars in the region. In fact, it is estimated that about 40% of the luxury car companies in the region have installed gesture recognition systems in their vehicle models.
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Some Point from Table of Contents:
Chapter 4 Automotive Gesture Recognition Market, By Product
4.1 Key trends by product
4.2.1 Market estimates and forecast, 2017 – 2026
4.3.1 Market estimates and forecast, 2017 – 2026
Chapter 5 Automotive Gesture Recognition Market, By Authentication
5.1 Key trends by authentication
5.2.1 Market estimates and forecast, 2017 – 2026
5.3.1 Market estimates and forecast, 2017 – 2026
5.4.1 Market estimates and forecast, 2017 – 2026
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