Industry Background:
Gesture recognition system makes easier usage of built-in systems, and decreases the chance of causing a distraction-related accident by allowing drivers to better keep their eyes on the road. Gesture recognition system offers for a natural interaction and joy of use. Hand movements by driver or passenger are followed in order to recognize gestures. Swipe gestures can be used to transmission of applications from central display to instrument cluster and vice versa or operate the multimedia system.This growth is primarily driven by Increasing Sales of Luxury Cars with Advanced Safety and Comfort Features
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Auto Parts & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Continental AG (Germany), Qualcomm, Inc. (United States), Intel Corporation (United States), Cognitec Systems GmbH (Germany), Jabil (United States), eyeSight Technologies Ltd. (Israel), NXP Semiconductors (Netherlands), Gestigon GmbH (Germany), Harman International (United States) and Neonode, Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In November 2021, Clay AIR, a Corum client, was acquired by Qualcomm as a leading AI-powered hand tracking and gesture recognition technology company. This acquisition strengthens Qualcomm's XR technology stack by adding Clay AIR's highly accurate and power-efficient, hardware-independent technology and an industry-leading team of experts in computer vision, interaction design, and machine learning.
On April 17, 2019 - Continental is continuing to drive forward the expansion of electric mobility in China. At Auto Shanghai (April 16 to 25, 2019), the technology company will be presenting a variety of established and production-ready drive systems and innovative electronic components extending from 48-volt mild hybrid applications and plug-in hybrid or full-hybrid solutions to high-voltage drive systems.
Influencing Trend:
Integration of Multiple Technologies in Automotive
Market Growth Drivers:
Increasing Sales of Luxury Cars with Advanced Safety and Comfort Features, Rising Preference Towards Application-Based Technologies in Vehicles and Rising Concerns Regarding Safety and Security of Drivers
Challenges:
Complexity in Hardware and Software
Restraints:
High Cost of Gesture Recognition System
Opportunities:
Introduction of Driverless and Automated Electric Cars and High Demand for Passenger Vehicle From Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Automotive Gesture Recognition Systems Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Automotive Gesture Recognition Systems Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Automotive Gesture Recognition Systems players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Automotive Gesture Recognition Systems Study Sheds Light on
The Automotive Gesture Recognition Systems Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Gesture Recognition Systems industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Gesture Recognition Systems industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.