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Automotive Gesture Recognition Market Size

Report ID: GMI1369
Published Date: Oct 2023
Report Format: PDF

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Automotive Gesture Recognition Market Size

Automotive Gesture Recognition Market was valued at USD 644 million in 2022 and is poised to record more than 18.2% CAGR from 2023 to 2032. Collaborations and investments are fostering innovations and technology adoption, thereby fueling the market growth. Partnerships between automakers and tech companies bring expertise in sensors, Artificial Intelligence (AI), and software, accelerating the development of gesture recognition systems. Investments in research & development enable the creation of more advanced, user-friendly, and cost-effective solutions.

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Automakers are heavily investing in technological advancements within the automotive gesture recognition market. For instance, in May 2023, Genesis, a luxury automaker, integrated the world’s first facial recognition technology into its all-electric GV60 electric SUV. This brand aims to cease the production of new Internal Combustion Engine (ICE) vehicles by 2025. This decision aligns with its goal to transition into a fully zero-emission vehicle brand by 2030, emphasizing its commitment to sustainability and the growing shift toward electric vehicles in the automotive industry. These investments are aimed at enhancing the accuracy and responsiveness of gesture recognition systems, enabling more intuitive & seamless interactions between drivers and their vehicles.

Automotive Gesture Recognition Market Report Attributes
Report Attribute	Details
Base Year:	2022
Automotive Gesture Recognition Market Size in 2022:	USD 644 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	18.2%
2032 Value Projection:	USD 3.25 Billion
Historical Data for:	2018 - 2022
No. of Pages:	200
Tables, Charts & Figures:	293
Segments covered:	Product, authentication, and application
Growth Drivers:	Increasing demand for advanced vehicle features in North America High passenger vehicle demand in Asia Pacific Rising luxury and premium car sales in the MEA Growing demand for electric and autonomous vehicles in Europe
Pitfalls & Challenges:	High implementation costs and technical challenges

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The automotive gesture recognition market faces difficulties in terms of high implementation costs and technical complexities. Integrating gesture recognition systems into vehicles requires specialized sensors, cameras, and software, raising the costs. Achieving precise & reliable gesture recognition in diverse driving conditions poses technical challenges. Ensuring accuracy, responsiveness, and compatibility with other vehicle features can be intricate. Overcoming these hurdles requires substantial research, development, and investments to offer cost-effective & robust solutions, making it a significant challenge in the market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive gesture recognition was worth USD 644 million in 2022 and is anticipated to register 18.2% CAGR from 2023 to 2032, due to the rising collaborations and investments for fostering innovations and technology adoption.

The multimedia/infotainment/navigation application segment recorded 59% share of the automotive gesture recognition industry in 2022, owing to the integration of hand gestures into smart display technology.

Europe garnered over significant share of the automotive gesture recognition market in 2022, due to the rapid technological advancements and stringent safety regulations in the region.

Apple Inc., Cognitec Systems GmbH, Continental AG, Eyesight Technologies Ltd., Aptiv PLC, Gestigon GmbH, Harman International Industries, Inc., Intel Corporation, Jabil Inc., and Melexis are some of the key automotive gesture recognition firms.