Automotive gesture recognition systems refer to a technology that use the touch-based as well as touchless gestures as an input to function vehicle electronic devices to attain enhanced safety and proficiency of driver as well as vehicle. Currently, automotive gesture recognition systems are prevalent for multimedia, infotainment, and navigation-based electronic devices for cars. In addition, growth in awareness about driver safety and regulations in the automobile industry and growth in customer preference for application-based technologies are projected to propel requirement for automotive gesture recognition systems during the forecast duration.
According to the report analysis, ‘Automotive Gesture Recognition System Market: Current Analysis and Forecast (2021-2027)’ states that with features such as emergency braking, lane monitoring, a gesture recognition system, and stability controls, high-end driver assistance technologies have made driving calmer. As a result, the incorporation of such driver assistance technologies into next-generation automobiles is probable to stimulate requirement for gesture recognition systems, which will enhance the driver safety. As a result, the market for automobile gesture recognition systems is augmenting. In the automobile gesture recognition industry, disruptive ideas are being improved that focus on decreasing the driver distraction while also developing the driver’s comfort and control at a low cost. In the coming years, such innovations are projected to have an impact on the growth trajectory of the automotive gesture recognition market. The Automakers are actively involved in approaches to install many safety systems in vehicles that deliver the safety without compromising the interior design of automobiles, in order to correspond with augmented the knowledge about driver safety and increasing the customer requirement for safety features.
Some of the key players working in the market entail Synaptics Incorporated, Continental AG, Visteon Corp, NXP Semiconductors, Qualcomm Inc., Cognitec Systems GmbH, Cipia Vision Ltd, Samsung Electronics Co., Ltd., Sony Corporation, Neonode Inc and many more. These key companies in the global automotive gesture recognition market are actively working for keep maintaining the governing position, leading the highest market growth, generating the highest percentage of revenue, registering the great value of market share and obtaining the competitive edge by establishing the several research and development programs, decreasing the associated prices, delivering the better customer satisfaction, implementing the policies of policies of profit making and strategies of expansion, improving the qualitative and quantitative measures of such, spreading the awareness connected to the applications and advantages of automotive gesture recognition, increasing the features and benefits of automotive gesture recognition and employing the young and active personnel.
Factors such as implementation of smart technology features in vehicles and intervention of innovative technologies for improved user interface (UI) are expected to propel growth of the automotive gesture recognition system market. However, the troubleshooting, updating, and maintenance of technology, deduction in production and sales of automotive limit the market growth. On the contrary, entering into agreements and contracts with the automotive OEMs for long term business opportunities and growth in underdeveloped nations are projected to propose the lucrative growth opportunities for the market players.
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Ankur Gupta, Head Marketing & Communications