Automotive Gesture Recognition System Market Estimated to reach $1,731.57 million by 2030, with a CAGR of 19.8%.

The global automotive gesture recognition system market was valued at $990.4 million in 2020, and is projected to reach $4,350.7 million by 2030, registering a CAGR of 18.4%. Europe was the highest revenue contributor, accounting for $361.49 million in 2020, and is estimated to reach $1,731.57 million by 2030, with a CAGR of 19.8%.

Automotive gesture recognition systems refer to a technology that utilize touch-based as well as touchless gestures as an input to operate vehicle electronic devices to attain improved safety and efficiency of driver as well as vehicle. Presently, automotive gesture recognition systems are popular for multimedia, infotainment, and navigation-based electronic devices for cars. In addition, rise in awareness about driver safety and regulations in the automobile industry and growth in consumer preference for application-based technologies are anticipated to propel demand for automotive gesture recognition systems during the forecast period.

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Major Market Players:
• Cipia Vision Ltd.
• Cognitec Systems GmbH
• Continental AG
• NXP Semiconductors
• Qualcomm Technologies, Inc.
• Samsung Electronics Co., Ltd
• Sony Corporation
• Synaptics Incorporated
• Usens Inc
• Visteon Corporation

Factors such as adoption of smart technology features in vehicles and intervention of innovative technologies for advanced user interface (UI) are expected to drive growth of the automotive gesture recognition system market. However, troubleshooting, updating, and maintenance of technology, decrease in production and sales of automotive restrain the market growth. On the contrary, entering into agreements and contracts with automotive OEMs for long term business opportunities and growth in developing nations are projected to offer lucrative growth opportunities for the market players.

The global automotive gesture recognition system market is segmented on the basis of component, authentication type, application, and region. By component, the market is bifurcated into touch-based systems, and touchless systems. On the basis of authentication type, it is categorized into hand/finger print/leg recognition, facial recognition, vision/IRIS recognition, and others. By application, it is fragmented into multimedia/infotainment/navigation, lighting systems, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Market Segments
By Component
• Touch Based Systems
• Touchless Systems
By Authentication Type
• Hand/Finger Print/Leg Recognition
• Facial Recognition
• Vision/IRIS Recognition
• Others
By Application
• Multimedia/Infotainment/Navigation
• Lighting Systems
• Others

In recent years, the automotive industry has taken a huge step forward in advanced driver assistance systems (ADAS) to attain improved safety and operational efficiency for drivers as well as passengers. In addition, rise in demand for advanced ADAS features such as autonomous emergency braking system, adaptive cruise control, coupled with increased government regulations to reduce road accidents, has encouraged major automotive OEMs to provide ADAS features into their next-generation vehicles. High end driver assistance technologies have enabled ease of driving operations, with features such as emergency braking, lane monitoring, gesture recognition system, and stability controls. Therefore, adoption of such driver assistance features into next generation vehicles is expected to propel demand for gesture recognition system for improved safety of drivers. This, in turn, propels growth of the automotive gesture recognition system market.
Troubleshooting, updating, and maintenance of technology
Integration of high-end technologies such as gesture recognition system on vehicle has added computer-like advanced high end technological factures. Integration of such digital technology in automotive has enhanced operational efficiency, improved performance, and high-level convenience. However, gesture recognition system failures pose a huge challenge for the automotive market participants.

These technologies are transforming vehicle capabilities with improved features, however, is creating development challenges for automakers. In addition, gesture recognition system technology is in its developing phase, thus, there is a limited number of resources with hands-on experience in latest and trending technologies to maintain or troubleshoot the system problems. Moreover, not only automotive manufacturers, vendors, automotive & transportation industry players, but consumers also need to understand more about gesture recognition system features and maintenance, yet have little understanding of gesture recognition system maintenance and troubleshooting of that solution. Therefore, factors such as lack of skilled workforce, automotive gesture recognition system engineers, and expertise restricts the automotive gesture recognition system market growth.

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Key Benefits For Stakeholders
• This study presents analytical depiction of the global automotive gesture recognition system market analysis along with the current trends and future estimations to depict imminent investment pockets.
• The overall automotive gesture recognition system market opportunity is determined by understanding profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities of the market with a detailed impact analysis.
• The current market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

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