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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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.

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

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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.

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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
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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
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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.

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Market research reports Key analytical components

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Industry Coverage

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