Data Bridge Market Research analyses that the automotive gesture recognition systems (GRS) market was valued at USD 1.02 billion in 2021 and is expected to reach the value of USD 8.63 billion by 2029, at a CAGR of 30.60% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Global Automotive Gesture Recognition Systems (GRS) Market Dynamics: -
Drivers
high demand for advanced features in the automotive industries
The rise in technology-focused lifestyles, as well as the advancement of tracking technology, are the major factors driving the growth of the automotive gesture recognition system market. Furthermore, there is an increase in awareness about driver safety and regulations in the automobile industry, where smart interaction with other vehicles and real-time data servers aid in the advancement of individual vehicle safety and intelligence. This vehicle management advancement improves fuel efficiency and driver awareness. Furthermore, prompt vehicle management systems reduce utilisation costs and boost in-car entertainment applications, supporting market growth overall.
Growing concern on safe driving practices around the world
The automotive gesture recognition market is expanding rapidly as a result of rising consumer disposable income and rising automation applications in the automobile industry. Furthermore, many countries are expected to mandate the incorporation of gesture controls in passenger automobiles, owing to growing concern about driver safety. Manufacturers are creating various economies of scale in order to acquire and integrate gesture recognition systems into their mid-segment vehicle models.
Opportunity
Increasing integration of multiple technologies is one of the major factors driving the automotive gesture recognition systems (GRS) market. Furthermore, the reconfiguration of cabin structure will create new opportunities for the automotive gesture recognition systems (GRS) market during the forecast period.
Restraints
However, technological advancement and modernization in the automotive field are among the major factors that will limit market growth and further challenge the automotive gesture recognition systems (GRS) market during the forecast period.
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Global Automotive Gesture Recognition Systems (GRS) Market Scope: -
The automotive gesture recognition systems (GRS) market is segmented on the basis of type, product type, distribution channel, application, technology and product. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Gesticulation
Pantomimes
Language like Gesture
Sign languages
Emblems
Product type
Touchless Systems
Touch Based Systems
Distribution channel
Direct sales
Distributors
Application
Automobile
Consumer Electronics
Gaming
Transit
Healthcare
Defence and Retail
Technology
Contact Type
Touch based gestures
Non-Contact Type
Device gesture technology
Vision based technology
Electrical field sensing
Product
Sanitary Equipment
Biometric Equipment
Automotive Gesture Recognition Systems (GRS) Market Regional Analysis/Insights: -
The countries covered in the automotive gesture recognition systems (GRS) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Competitive Landscape and Automotive Gesture Recognition Systems (GRS) Market: -
Some of the major players operating in the automotive gesture recognition systems (GRS) market are:
Robert Bosch GmbH (Germany)
Continental AG (Germany)
DENSO Corporation (Japan)
Magna International Inc (Canada)
ZF Friedrichshafen AG (Germany)
Pioneer Corporation (Japan)
NVIDIA Corporation (U.S.)
Panasonic Corporation (Japan)
Garmin Ltd (U.S.)
HARMAN International (U.S.)
LG Display Co, Ltd (China)
Marelli Holdings Co., Ltd. (Japan)
Mitsubishi Electric Corporation (Japan)
Texas Instruments Incorporated (U.S.)
Visteon Corporation (U.S.)
TOSHIBA CORPORATION (Japan)
ALPS ALPINE CO.LTD (Japan)
VALEO (France)
Clarion (Japan)
Mitsubishi Electric Corporation (Japan)
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MAJOR TOC OF THE REPORT: -
- Chapter One: Introduction
- Chapter Two: Market Analysis and Insights
- Chapter Three: Market Dynamics
- Chapter Four: Market Scope
- Chapter Five: Market Regional Insights
- Chapter Six: Competitive Landscape System Market
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