Automotive Gesture Recognition Systems: Global Strategic Business Report

Global Automotive Gesture Recognition Systems Market to Reach $4.2 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Automotive Gesture Recognition Systems estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$4.2 Billion by 2027, growing at a CAGR of 20.6% over the analysis period 2020-2027. Hand / Finger Print / Leg Recognition, one of the segments analyzed in the report, is projected to record a 21.2% CAGR and reach US$1.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Vision / IRIS Recognition segment is readjusted to a revised 19.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $334.9 Million, While China is Forecast to Grow at 19.7% CAGR

The Automotive Gesture Recognition Systems market in the U.S. is estimated at US$334.9 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$729 Million by the year 2027 trailing a CAGR of 19.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.4% and 17.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.9% CAGR.

Facial Recognition Segment to Record 21.5% CAGR

In the global Facial Recognition segment, USA, Canada, Japan, China and Europe will drive the 21.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$183.8 Million in the year 2020 will reach a projected size of US$707.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 41 Featured) -

• Cognitec Systems GmbH
• Continental AG
• Eyesight Technologies Ltd.
• Harman International Industries, Inc.
• NXP Semiconductors N.V.
• Omek Interactive Ltd.
• Qualcomm Inc.
• Softkinetic Inc.
• Synaptics Incorporated
• Visteon Corp.

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