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Automotive Gesture Recognition Market to Surge to $26.82 Billion by 2030, Driven by 27.70% CAGR: Stellar Market Research Insights
Automotive Gesture Recognition Market
Automotive Gesture Recognition Market is expected to grow at a CAGR of 27.70% during the forecast period. Automotive Gesture Recognition Market is expected to reach US$ 26.82 Bn. in 2030 from US$ 4.84 Bn in 2023.
Automotive Gesture Recognition Market Overview:
The Automotive Gesture Recognition Market, valued at USD 4.84 billion in 2023, is projected to grow significantly, reaching USD 26.82 billion by 2030, at a compound annual growth rate (CAGR) of 27.70%. This market encompasses various types of gesture recognition technologies, including hand, fingerprint, palm, leg, facial, and vision/iris recognition. It is applied across several areas such as navigation, multimedia, infotainment systems, and lighting systems. The market report provides insights into trends, forecasts, competitive analysis, and growth opportunities.
๐๐ง๐ฅ๐จ๐๐ค ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐๐ฎ๐ซ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:https://www.stellarmr.com/report/req_sample/Automotive-Gesture-Recognition-Market-/648
What are Automotive Gesture Recognition Market Dynamics?
Rise of Touchless Systems: Despite the dominance of touch-based gesture recognition systems, touchless technologies are gaining traction. Although touch-based systems held over 80% of the market share in 2021, touchless systems are anticipated to grow due to increased customer confidence. However, their complexity and limited adoption in simpler operations could pose challenges.
Adoption of Functional Safety Technologies: There is a growing emphasis on integrating safety features into vehicles without compromising interior design. This shift is driven by increased awareness of driver safety and rising consumer demand for advanced safety features.
Advancements in Sensor-Based Technologies: Technological advancements have led to a surge in sensor-based electronic gadgets and human-machine interfaces (HMIs) in automobiles. Gesture recognition as an HMI is becoming increasingly prevalent, enhancing user interaction and convenience.
What is Automotive Gesture Recognition Marketb Regional Insight?
North America: The region is expected to lead the global market due to high consumer demand and advanced vehicle automation technologies. The presence of leading car manufacturers like Tesla, which offers sophisticated gesture recognition systems, is expected to drive significant market growth.
Europe: Europe's market is poised for substantial growth, driven by the presence of major automotive manufacturers and high demand for gesture recognition systems. Vehicles in Europe, including passenger cars and buses, are increasingly equipped with gesture recognition technologies. For instance, BMW's AirTouch, a gesture control-based UI, allows drivers to interact with the infotainment system through 3D hand movements, highlighting the region's innovative approach to automotive technology.
What is Automotive Gesture Recognition Market Segmentation?
by Type
Hand recognition/fingerprint recognition/palm recognition/leg recognition
Facial recognition
Vision/iris recognition
Others
by Application
Navigation/multimedia/infotainment systems
Lighting systems
Others
๐ ๐๐๐ ๐๐๐ญ ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ! @https://www.stellarmr.com/report/req_sample/Automotive-Gesture-Recognition-Market-/648
Some of the current players in the Automotive Gesture Recognition Market are:
Cognitec Systems GmbH (Germany)
Cipia Vision Ltd. (Israel)
Continental AG (Germany)
Samsung Electronics Co., Ltd (South Korea)
Eyesight Technologies Ltd. (Israel)
Sony Corporation (Japan)
Harman International Industries, Inc. (USA)
Usens Inc (USA)
NXP Semiconductors N.V. (Netherlands)
Qualcomm Inc. (USA)
Omek Interactive Ltd. (Israel)
Softkinetic Inc. (Belgium)
Synaptics Incorporated (USA)
Aptiv (Ireland)
Visteon Corp. (USA)
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฅ๐๐๐ฌ๐ ๐๐ข๐ฌ๐ข๐ญ:https://www.stellarmr.com/report/Automotive-Gesture-Recognition-Market-/648
Key Questions answered in the Automotive Gesture Recognition Market Report are:
Which region held the largest market share in the Automotive Gesture Recognition Market?
What is the expected Automotive Gesture Recognition market size by 2030?
Which factors are the opportunities for the Automotive Gesture Recognition market growth?
What are investment opportunities for the Automotive Gesture Recognition market?
What are the recent industry trends that were implemented to generate additional revenue streams for the Automotive Gesture Recognition Market?
Which segment dominates the Automotive Gesture Recognition Market?
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About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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