Gesture Recognition System Market

Gesture Recognition System Market Size (2023 - 2028):

The Global Gesture Recognition System Market was worth US$ 14.31 billion in 2022 and is anticipated to reach a valuation of US$ 41.16 billion by 2028 and is predicted to register a CAGR of 19.42% during 2023-2028.

Market Overview:

The Gesture Recognition System (GRS) combines both the imaging system and a computer with the help of mathematical algorithms to interpret a particular sign language. Gesture recognition systems mainly include the interpretation of facial and hand movements, which facilitates the interaction of humans with machines. This system has become popular over traditional mechanical interaction technologies. Car gesture recognition incorporates an electronic framework introduced in vehicles as a feature of the Human Machine Interface (HMI). Automotive gesture recognition systems work, and motion sensors in the gesture recognition system sense the driver's physical movements without the need for physical contact or manual data entry.

The increasing demand for advanced features in vehicles will help the market grow. The execution of gesture recognition innovation in top-of-the-line vehicles because of its utilization to forestall interruption-related mishaps is driving the interest in the car gesture recognition industry. High-end vehicles offer superior functionality that requires control of various complex tasks, including observing the road, monitoring vehicle health, using various electronic and mechanical devices, GPS monitoring, and entertainment. The global automotive industry is undergoing rapid change accompanied by innovations such as ADAS, autonomous vehicles, electric vehicles, and connected cars. Gesture technology is widely used in autonomous vehicles and electric vehicles.

Market Drivers:

A dramatic increase in vehicle production in recent years is expected to significantly boost this market during the forecast period of 2020 to 2025. A growing consumer preference for technologies based on vehicle applications is also responsible for the call in the global gesture recognition system market. Growing concern for the safety and security of drivers has made it crucial for many automakers to install gesture recognition systems in vehicles, at least for the next several years. These concerns are also being addressed by various governments around the world, followed by favourable initiatives taken to aim for the integration of these systems.

Market Restraints:

High cost of implementation and technical challenges, Slowdown in the semiconductor industry

GESTURE RECOGNITION SYSTEM MARKET REPORT COVERAGE:

Market Segmentation:

Gesture Recognition System Market - By Authentication Type:

• Hand/fingerprints
• Leg
• Face
• Vision/iris

Demand for fingerprint and hand gesture recognition systems topped $ 200 million in 2017 and is expected to post gains of around 15% through 2026. This can be attributed to technological advancements in proximity sensors and technology and the increasing use of time of flight (ToF) sensors. The sensors permit the gadget to get hand signals for correspondence, data, and amusement progressively. The pattern for driver help and independent driving requires solid control interfaces to guarantee pedestrian security and traveler comfort.

Gesture Recognition System Market - By System Type:

• Touch-based
• Touchless

The touchless gesture recognition segment is expected to experience substantial growth by 2026. Improved user experience and driver comfort are among the top contributors to the growth of this segment. They detect the gestures and movements of the user's body and perform the designated operation. The system reduces time spent scrolling through menus and improves alertness to vehicle manoeuvres. This attribute plays an important role in contributing to the development of the market.

Gesture Recognition System Market - By Application:

• Lighting Systems
• Multimedia, Navigation & Infotainment
• Others

Multimedia, navigation & infotainment applications accounted for around 60% of the global gesture recognition market share in 2019. Gesture recognition systems in cars are widely used in infotainment where the voice command function enables the driver to Perform multiple operations including changing the radio, music, and other media channels without major distractions. Navigation is also a suitable application for this system because it works with simple hand gestures.

Gesture Recognition System Market - By Sales Channel:

• Original Equipment Manufacturers (OEM)
• Aftermarket

Market Regional Analysis: 

The Global Gesture Recognition System Market Report includes the segmentation of regions:

• North America
• Europe
• Asia-pacific
• Middle-east and Africa
• Latin America

The European market will experience significant traction from 2020 to 2026. The European automotive industry has several major automakers offering cleaner, safer, and more consumer-focused solutions. Companies like VW, Daimler, BMW, and Audi are implementing innovative technologies to fight against growing competition. The size of the Asia Pacific automotive gesture recognition market is expected to increase at an exponential CAGR over the outlook period. Rising disposable income and strong GDP growth are increasing the demand for passenger cars in Asia-Pacific. In 2018, around 45 million passenger cars were sold in Asia-Pacific, where China remained the largest country with around 22 million cars sold.

Impact of COVID-19 on the Gesture Recognition System Market:

The term and seriousness of coronavirus's effect on economies and parts will without a doubt shift. Nations that have been hit hard by COVID-19 contributed almost half of the worldwide exchange in 2019, including 1.7% from India, which will affect its vehicle and coordination division. Worldwide business is likely to decrease by 15%, with the best 20 trading economies right now under pressure. All the more promptly, the division will confront difficulties such as supply chain interruption, limit limitations, and cost pressures. Be that as it may, the emergency will inspire the structure of stun versatile supply chains in food and social insurance coordination while making a more prominent impulse for supply chain digitization. Warehousing will increase more prominent operational efficiencies using robotics, AI, and expanded reality apparatuses. Some OEMs have deliberately intended to re-apparatus their manufacturing frameworks to make different items.

Market Key Players:

1. Cognitec Systems GmbH
2. SoftKinetic
3. Harman International Industries
4. Visteon Corp.
5. NXP Semiconductors
6. Synaptics Incorporated
7. Continental AG
8. EyeSight Technologies
9. Oemk Interactive Ltd.

Market Recent Developments:

• SoftKinetic®, the world's leading provider of 3D vision and gesture recognition solutions, will present its latest prototypes at the Mobile World Congress (MWC) in Shanghai (June 28-July 1). The latest advancements in its DepthSense Time-of-Flight (ToF) technology include augmented reality (AR) and facial recognition for mobile devices.
• Visteon Corporation is testing a new in-car user interface technology based on 3D gesture recognition.
• The Ultrahaptics system uses ultrasound to project physical sensations onto the user's bare hands, eliminating the virtual reality gloves used to control other systems without contact. Users effectively sense an ultrasound signature diffused through the air and the system interprets the user's gestures to control vehicle systems.