Global Automotive Gesture Recognition Market: High-growth Regions to Expand Geographic Footprint 2020- 2026 - PowerPoint PPT Presentation

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Global Automotive Gesture Recognition Market: High-growth Regions to Expand Geographic Footprint 2020- 2026

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More Information @ Automakers are increasingly implementing automotive gesture recognition systems into vehicles for improved passenger safety and elevated driving experience. The automobile industry has witnessed robust advances over the past couple of decades, ranging from autonomous cars to in-vehicles infotainment systems and the integration of IoT. – PowerPoint PPT presentation

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Title: Global Automotive Gesture Recognition Market: High-growth Regions to Expand Geographic Footprint 2020- 2026


1
Global Automotive Gesture Recognition Market Key
Strategies to Use to Dominate Globally 2020-2026
2
Industry Overview
  • Accordingly, to Global Market Insights research
    report It has been projected that global
    automotive gesture recognition market size will
    exceed a value of US2.5 billion by the year
    2026, as sales of premium and high-end vehicles
    have surged exponentially in recent years. With a
    majority of gesture control system installations,
    the luxury passenger vehicles segment is expected
    to be the fastest growing segment in the market.
    The technology promises massive growth potential,
    which is attracting new players in the automotive
    space, further heating up the competition.
  • On the other hand, touchless gesture recognition
    systems offer a greater degree of flexibility to
    users. The segment is expected to experience
    notable growth during the projected timeline. On
    the basis of authentication, hand/ palm/
    fingerprint/ leg segment is slated to capture a
    major share of automotive gesture recognition
    industry on account of numerous advantages.

3
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  • The European government has introduced numerous
    initiatives to support the adoption of autonomous
    vehicles. Regional carmakers are increasingly
    deploying gesture control systems into both
    conventional and autonomous vehicles to offer
    improved driving experience and faster access.
    For instance, autonomous carmaker Waymo has
    implemented gesture recognition systems in its
    self-driving cars that can recognize and respond
    to hand signals of traffic police. Europe
    automotive gesture recognition market share is
    poised to experience a CAGR of around 17 during
    the analysis timeframe.
  • Several other auto giants have implemented
    gesture recognition features into their vehicles.
    For instance, in January 2019, Jaguar Land Rover
    had implemented a gesture control system to
    control the cars doors. The technology
    automatically opens the door when approached and
    can also be opened or closed using gesture
    control.

4

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5
Growth Drivers
  • Increasing demand for advanced vehicle features
    in North America
  • Vehicle electrification and autonomous driving
    trends in Europe presents lucrative market
    opportunity
  • High passenger vehicle demand in Asia Pacific
  • Growing concerns for driver and passenger safety
    in Latin America
  • Rising luxury and premium car sales in MEA

6
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  • Top manufacturer automotive gesture recognition
    market in Apple Inc., Cognitec Systems GmbH,
    Continental AG, Eyesight Technologies Ltd., Aptiv
    PLC., Gestigon GmbH, Harman International
    Industries, Inc., Intel Corporation, Jabil Inc.,
    Melexis, Navtek Solutions, Neonode, Inc., NXP
    Semiconductors, Qualcomm Technologies, Inc.,
    Renesas Electronics Corporation, Sony
    Depthsensing Solutions (SoftKinetic), Synaptics
    Incorporated, Texas Instruments Incorporated,
    Visteon Corporation

7
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