Automotive Gesture Recognition Market – Growth Opportunities and Challenges 2017-2024 - PowerPoint PPT Presentation

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Automotive Gesture Recognition Market – Growth Opportunities and Challenges 2017-2024

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More Information @ Automotive Gesture Recognition Market size was worth over USD 800 million in 2016 and the demand is estimated to exhibit at over 43% CAGR from 2017 to 2024. – PowerPoint PPT presentation

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Title: Automotive Gesture Recognition Market – Growth Opportunities and Challenges 2017-2024


1
Automotive Gesture Recognition Market Analysis,
Trends, Growth and Forecast To 2024
2
Automotive Gesture Recognition Industry Background
  • Driver safety regulations by various governments
    have boosted the adoption of automotive gesture
    recognition systems due to provision of benefits
    such as improved maneuvering control,
    compatibility of vehicles electronic systems and
    drivability.
  • However, high cost of integration and complexity
    may limit their adoption, hampering the
    automotive gesture recognition market growth.
    Manufacturers are investing heavily for upgrading
    the existing gesture recognition technology with
    advanced sensors, resulting in increased costs,
    further posing a threat to the industry growth.
  • With technological advancements in sensor
    technology, automotive gesture recognition market
    is expected to observe exponential growth rate
    over the forecast period. In 2016, BMW introduced
    gesture recognition in its 7- series cars.

3
Automotive Gesture Recognition Industry By Product
  • Touch based systems accounted for maximum
    automotive gesture recognition market share,
    crossing USD 550 million in 2016 and will
    continue its dominance over the next eight years.
    This can be credited to high preference owing to
    their strong prevalence over the past years.
  • Automotive gesture recognition touchless systems
    will exhibit substantial growth, exhibiting
    around 44 CAGR till 2024 owing to provision of
    advanced features and enhanced user experience
    delivered by these systems.

4
Automotive Gesture Recognition Industry Overview
  • Automotive Gesture Recognition Market size is
    estimated to surpass USD 13 billion by 2024
    according to a new research report by Global
    Market Insights, Inc. Automotive gesture
    recognition market will exhibit over 42 CAGR
    from 2017 to 2024.
  • High consumer preference towards
    application-based vehicle technologies coupled
    with rising awareness regarding driver safety
    will stimulate the revenue generation over the
    forecast timeframe. Increasing electronic
    components and sensors in vehicles will further
    support the adoption of these systems. In
    addition, drivers will access multiple vehicle
    features without losing control on the steering
    wheels.

5

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System Market _at_ https//www.gminsights.com/industr
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/1369
6
Automotive Gesture Recognition Industry By
Authentication
  • Hand/fingerprint authentication is estimated to
    be the fastest growing segment in the automotive
    gesture recognition market, exhibiting over 43
    CAGR from 2017 to 2024. Its growth is credited to
    technological advancements in touch sensing along
    with increasing usage of time of flight (TOF)
    sensors. Safety regulations focusing on driver
    safety will boost the product demand.
  • Vision/iris is likely to grow significantly,
    witnessing more than 41 CAGR owing to rising
    interest of manufacturers and customers towards
    installation of these systems.

7
U.S. Automotive Gesture Recognition Market, By
Application, 2016 2024, (Units)

8
Automotive Gesture Recognition Industry By Vehicle
  • Passenger cars will dominate the automotive
    gesture recognition market, generating a demand
    for over 32 million units over the forecast
    timeframe. Rising demand from infotainment,
    navigation and multimedia features in the
    vehicles will stimulate the industry penetration.
  • Surging demand for medium and high-end passenger
    vehicle across the globe along with shifting
    customer preference towards highly advanced
    variants in given vehicle range will further
    boost the automotive gesture recognition market
    from passenger cars. Heavy commercial vehicle
    manufacturers are less likely to adopt these
    systems owing to less proximity of vehicles in
    public utilities.

9
Automotive Gesture Recognition Industry By
Application
  • Multimedia/navigation/infotainment application in
    the automotive gesture recognition market is
    anticipated to acquire the maximum share of more
    than 60 by the end of 2024. Automobile OEMs are
    focusing on improving customer experience with
    infotainment and navigation systems, primarily
    driving the demand. Driver distraction can be
    reduced with easy operability of multimedia in
    the car with gesture control, supporting the
    growth of the segment.
  • Growth of door/window opening segment is
    attributed to vehicle manufacturers focusing on
    delivering improved functional features in the
    vehicles. Moreover, increasing driver control
    over the vehicle to ensure safety will stimulate
    the demand for the segment.

10
Automotive Gesture Recognition Industry By Region
  • Europe is anticipated to dominate the automotive
    gesture recognition market, crossing USD 6
    billion over the next eight years. High
    penetration of the premium cars such as BMW 5 and
    7 series across the region is expected to
    primarily support the regional dominance.
    Established automotive industry with substantial
    vehicle production is likely to further propel
    the revenue generation.
  • North America automotive gesture recognition
    market will exhibit more than 40 CAGR from 2017
    to 2024 owing to rising demand for these systems
    across the region. This high demand is credited
    to rising RD investments by OEMs and shifting
    consumer preference towards advanced vehicle
    features.

11
Competitive Automotive Gesture Recognition
Industry Share
  • Qualcomm Technologies Inc., Continental AG,
    Visteon Corporation, Harman International, and
    Cognitec System GmbH are among major companies in
    automotive gesture recognition market. Other
    prominent vendors include Gestigon Gmbh,
    Synaptics Incorporated, Softkinetic International
    SA, Eyesight Technologies, NXP Semiconductors,
    and Neonode, Melexis and Jabil.
  • The industry is dominated by few established
    players, competing to acquire maximum share. High
    growth potential of automotive gesture
    recognition market invites new participants,
    thereby intensifying the competition. Large
    players are focusing on acquiring or investing in
    small companies to gain access to latest
    technologies and increase their foothold.

12
Chapter 4. Automotive Gesture Recognition
Market, By Product
4.1. Global automotive gesture recognition market
share by product, 2016 2024 4.2. Touch based
systems 4.2.1. Market estimates and
forecasts, 2013 2024 4.2.2. Market
estimates and forecast, by region, 2013
2024 4.3. Touchless systems 4.3.1. Market
estimates and forecasts, 2013 2024 4.3.2.
Market estimates and forecast, by region, 2013
2024
13
Chapter 5. Automotive Gesture Recognition
Market, By Authentication
5.1. Global automotive gesture recognition market
share by authentication, 2016 2024 5.2.
Hand/Fingerprint 5.2.1. Market estimates and
forecasts, 2013 2024 5.2.2. Market
estimates and forecast, by region, 2013
2024 5.3. Face 5.3.1. Market estimates and
forecasts, 2013 2024 5.3.2. Market
estimates and forecast, by region, 2013
2024 5.4. Vision/iris
14
Browse Full TOC _at_ https//www.gminsights.com/toc/d
etail/automotive-gesture-recognition-market

15
Methodology
  • At Global Market Insights, our researchers and
    domain experts use a unique blend of primary and
    secondary research, with validation and
    iterations at every stage, in order to minimize
    deviation and present the most accurate analysis
    of the industry. The research process begins with
    extensive data mining, using authentic sources
    such as trade magazines, technical publications,
    independent studies along with paid avenues such
    as ICIS, Hoovers, etc. Primary objectives of
    data mining include
  • Definition and scope of research
  • Market dynamics, growth drivers and industry
    pitfalls
  • Regulatory and political guidelines for the
    industry
  • Demographics and statistical data
  • All the above factors are identified and analyzed
    in detail, with their present and expected market
    impact, which is quantified and used to derive
    market growth expectation. Market forecast is
    built using statistical analysis with models
    built around time-variance, regression and
    correlation analytics.


16
Market research reports Key analytical components

17
Industry Coverage

18
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