The global automotive gesture recognition market, currently is valued at US$ 1.4 billion and is estimated to rapidly evolve at an impressive CAGR of 17.8% through 2026. As such, by the end of 2026, the market is expected to rake in revenue worth US$ 2.7 billion. Cumulatively, multimedia, infotainment, and navigation applications are anticipated to account for more than 60% share of the global market share by 2026.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. The examiners have utilized broad rounds of essential and a far reaching optional exploration at Fact.MR to show up at different assessments and projections for Demand of Automotive Gesture Recognition Market both at worldwide and provincial levels.
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“Innovative Gesture Recognition Technologies Supplementing Automotive Gesture Recognition Demand”
Innovation is an area of prime focus for all technologies in recent times and this is true for gesture recognition as well. New companies are investing in research and development of advanced gesture recognition technologies that are more capable than we could have ever imagined.
- Founded by Kashif Kahn and Arash Abghar in 2017, Motion Gestures is a Canada-based start-up that is bringing sophisticated camera-based hand tracking to create a novel and transformative gesture recognition experience. The company has developed software that tracks gestures in real-time by monitoring all hand joints. The software can be used across various applications including in the automotive industry.
- Oculi, a start-up aimed at improving machine vision is developing novel products for gesture recognition and eye tracking for various applications. The company’s sensing and processing unit (SPU) adds memory and computing power to each pixel to make it more like the human eye. The technology can be eventually used for automotive vision sensing in the near future.
A detailed analysis of the automotive gesture recognition market’s start-up scenario has been listed in this revised market study by analysts at Fact.MR, a market research and competitive intelligence provider.
Automotive Gesture Recognition Industry Research Segments
- By Component Type :
- Touch-based Systems
- Touchless Systems
- By Authentication Type :
- Hand
- Fingerprint
- Leg
- Face
- Vision
- Iris
- By Application :
- Multimedia
- Infotainment
- Navigation
- Lighting
- Others
Market Players: –
- Cognitec Systems GmbH
- Harman International Industries
- Eyesight Technologies
- Visteon Corp.
- NXP Semiconductors
- Synaptics Incorporated
- Continental AG
- Delphi Automotive PLC
- Renesas
- Gestigon GmbH
- Melexis
- Softkinetic
- Neonode Inc.
- Qualcomm Inc.
- Navtek Solutions
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
Competitive Landscape
Top companies in the automotive gesture recognition industry are focusing on the expansion of their sales potential by creating innovative products. Automotive gesture recognition technology providers are also focusing on acquisitions and mergers to bolster their market presence on a global level.
- In August 2022, Renesas Electronics Corporation, a leading name in the semiconductor industry announced that it had entered into an agreement to acquire Steradian Semiconductors Private Limited, a Bengaluru-based start-up focused on radar technology. This acquisition is expected to strengthen Renesas’s portfolio of HMI (Human-machine Interface) systems such as gesture recognition.
- In August 2022, STMicroelectronics, a leader in semiconductor manufacturing announced the launch of the new FlightSense Time-of-Flight (ToF) multi-zone sensors. These sensors are capable of mapping and gathering intelligence without a camera using ToF technology. The new sensors can be used for gesture recognition, user detection, intruder alert systems, etc.
More recent developments from the gesture recognition marketplace have been listed in the complete report, which has profiled key companies such as Eyesight Technologies, Visteon Corp., NXP Semiconductors, Synaptics Incorporated, and Continental AG.