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Market Size in USD Billion
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USD 1.02 Billion |
| USD 8.63 Billion | |
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Global Automotive Gesture Recognition Systems (GRS) Market, By Type (Gesticulation, Pantomimes, Language Like Gesture, Sign languages, Emblems), Product Type (Touchless Systems, Touch Based Systems), Distribution Channel (Direct Sales, Distributor), Application (Automobile, Consumer Electronics, Gaming, Transit, Healthcare, Defence and Retail), Technology (Contact Type, Non-Contact Type), Product (Sanitary Equipment, Biometric Equipment) – Industry Trends and Forecast to 2029.
The use of gesture recognition technology in premium vehicles to prevent distraction-related accidents is driving demand in the automotive gesture recognition systems (GRS). Premium vehicles have superior functionalities that necessitate control of various complex tasks such as road observation, vehicle status monitoring, operation of various electronic and mechanical devices, GPS monitoring, and audio entertainment.
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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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Gesticulation, Pantomimes, Language Like Gesture, Sign languages, Emblems), Product Type (Touchless Systems, Touch Based Systems), Distribution Channel (Direct Sales, Distributor) Application (Automobile, Consumer Electronics, Gaming, Transit, Healthcare, Defence and Retail), Technology (Contact Type, Non-Contact Type), Product (Sanitary Equipment, Biometric Equipment)
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Countries Covered
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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
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Market Players Covered
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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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Market Opportunities
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Market Definition
By running predefined mathematical algorithms, gesture recognition systems (GRS) combine computer systems and imaging to interpret a specific gesture language. It primarily involves the interpretation of hand and face movements in order to facilitate human-machine interaction. It has surpassed traditional mechanical interaction technologies in popularity.
Drivers
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.
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.
This automotive gesture recognition systems (GRS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive gesture recognition systems (GRS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The overall automotive industry suffered high financial losses and significant uncertainties in business operations during COVID-19, as the majority of governments restricted international travel to control the virus's spread. 2020 was a negative performing year for the automotive gesture recognition system market, owing to a negative demand and supply outlook from COVID-19 crisis restrictions and supply chain disruptions. Short-term budget cuts, extended equipment lifecycles, reduced staff sizes, and lower salaries are among the strategies used by market participants of automotive gesture recognition systems to manage operations.
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
Product type
Distribution channel
Application
Technology
Product
The automotive gesture recognition systems (GRS) market is analysed and market size insights and trends are provided by country of type, product type, distribution channel, application, technology and product as referenced above.
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.
In terms of demand for gesture recognition systems, North America is expected to be the global leader. The region's market has incorporated some of the most advanced technologies in vehicle automation, and it has a high rate of technological adoption. It is expected that the presence of several established vehicle manufacturers offering high-end vehicle models with enhanced automotive gesture recognition systems will drive market growth in this region.
The market in Europe is expected to grow significantly due to the presence of the most prominent global car manufacturers, who also cater to the high demand for gesture recognition systems. Many passenger cars and buses in Europe, are equipped with this technology, which significantly improves driver and vehicle safety.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The automotive gesture recognition systems (GRS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive gesture recognition systems (GRS) market.
Some of the major players operating in the automotive gesture recognition systems (GRS) market are:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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