Automotive Gesture Recognition System Market Growth 2023, Global Industry Share, Emerging Trends, Revenue, Key Players, Challenges and Business Opportunities and Forecast Analysis till 2033: SPER Market Research
An automotive gesture recognition system is a technology that enables a driver to control the car’s functions using hand, eye, or head movements rather than physical buttons. These systems detect and interpret specific user gestures using a variety of sensors, cameras, mathematical algorithms, and patterns. Vehicles use a variety of gesture recognition system sensors, such as vision-based, ToF (time of flight), and ultrasonic. Vision-based systems use cameras to capture images of the driver, which are then processed by computer algorithms to determine the intended action. Time of flight (ToF) sensors use light pulses to determine the distance between the sensor and the driver’s hands.
According to SPER market research, ‘Automotive Gesture Recognition System Market – By Authentication Type, By Application, By Component- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Automotive Gesture Recognition System Market is predicted to reach USD 26.71 billion by 2033 with a CAGR of 30.71%.
The rise of technology-focused lifestyles, as well as advancements in tracking technology, are the primary drivers of the automotive gesture recognition system market. Furthermore, there is a growing awareness of driver safety and regulations in the automotive industry, where smart interaction with other vehicles and real-time data servers contribute to the advancement of individual vehicle safety and intelligence. This vehicle management advancement improves both fuel efficiency and driver awareness. Furthermore, prompt vehicle management systems reduce utilisation costs and increase in-car entertainment applications, thereby supporting market growth overall.
However, although it is still in its early phases of development, the automotive gesture recognition system can already be used for a few limited functions, including controlling the sound system and the climate, among others. Users may find it challenging to adopt gesture recognition technology as a result. Eventually, this slows the expansion of the market. Moreover, the process of installing gesture recognition systems in cars is costly. Depending on the system and applications available, the car needs to have a certain set of hardware and software installed in order for the gesture recognition system to work. Consequently, gesture recognition systems may become more expensive for manufacturers to offer due to the high implementation costs, raising the vehicle’s total cost.
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Furthermore, the market share of cars decreased as a result of the COVID-19 pandemic. There was a sharp decline in the number of vehicles produced. This resulted from a disruption in the global supply chain. The inability to provide raw materials to manufacturers of gesture recognition systems resulted in a suspension of system deliveries from manufacturers to end users. The COVID-19 pandemic caused widespread economic hardship that hindered market expansion in all spheres of society. After the pandemic, COVID-19 had a detrimental effect on the market for automotive gesture recognition systems; however, the sector has since recovered.
Geographically, Europe dominated the global market when it came to automotive gesture recognition. Additionally, some of the market key players are Cipia Vision Ltd., Cognitec Systems GmbH, CONTINENTAL AG, and NXP SEMICONDUCTORS, QUALCOMM TECHNOLOGIES, INC.
Automotive Gesture Recognition System Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Authentication Type: Based on the Authentication Type, Global Automotive Gesture Recognition System Market is segmented as; Facial Recognition, Hand/Finger Print/ Leg Recognition, Vision/IRIS Recognition and Others.
By Application: Based on the Application, Global Automotive Gesture Recognition System Market is segmented as; Multimedia/Infotainment/Navigation, Lighting Systems and Others.
By Component: Based on the Component, Global Automotive Gesture Recognition System Market is segmented as; Touch- Based Systems and Touchless Systems.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
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Automotive Gesture Recognition System Market Size
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