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Automotive Gesture Recognition System Market Revenue to Cross USD 990.4 million, Globally, by 2029 with 17% CAGR

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Luton, Bedfordshire, United Kingdom, March 14, 2023 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Automotive Gesture Recognition System Market.

Global Automotive Gesture Recognition System Market is anticipated to grow at a CAGR of 17% over the following Six years to reach US$ 990.4 Million by 2029.

Automotive Gesture Recognition System Market Growth in upcoming years

Automotive gesture recognition systems are widely and majorly demanded by automotive manufacturers for automotive production activities. This system procurement witness’s open contracts and agreements between automotive OEMs and manufacturers of automotive gesture recognition systems. The commencement of the automotive gesture recognition system solution is expected to be carried out through contracts and agreements between end users and developers of automotive gesture recognition systems. These contracts mention a set of requirements that must be to be met in a certain timeframe. These contracts and agreements are associated with long-term business opportunities with end-users. Market participants need to focus on winning contracts and agreements to gain a competitive advantage and retain long-term business opportunities in the global market.

Contracts and agreements with automotive OEMs for long-term business opportunities for the automotive gesture recognition system market growth.

Click & Get Free Sample Report in Minutes: https://exactitudeconsultancy.com/reports/13318/automotive-gesture-recognition-system-market/#request-a-sample          

Growth Drivers

Growing concern on safe driving practices around the world.

The advancement of tracking technology, as well as the rise in technology-focused lifestyles, are the major factors driving the growth of the automotive gesture recognition system market. Furthermore, there is an increase in awareness in the automobile industry about driver safety and regulations, where smart interaction with other vehicles and real-time data servers aid in the advancement of individual vehicle safety and intelligence. This advancement in vehicle management improves fuel efficiency and driver awareness. Furthermore, prompt vehicle management systems reduce utility costs while increasing in-car entertainment applications, thereby supporting overall market growth.

As a result of rising consumer disposable income and increased automation in the automobile industry, the automotive gesture recognition market is rapidly expanding. Furthermore, in response to growing concerns about driver safety, many countries are expected to require the incorporation of gesture controls in passenger vehicles. Manufacturers are achieving various economies of scale in order to acquire and integrate gesture recognition systems into their mid-segment vehicle models.

Restraints: High technology costs are the major constraints for global automotive gesture recognition systems.

The market is volatile, and there is fierce competition. Increased costs of developing and integrating gesture recognition systems in automobiles are among the factors that are expected to limit the market growth.               

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Automotive Gesture Recognition System Market

To learn more about this report, request a free sample copy

Trends

  • Increasing demand for advanced driver assistance systems (ADAS)
  • Growing adoption of electric vehicles (EVs)
  • Advancements in sensor technology
  • Integration with artificial intelligence (AI)
  • Focus on reducing driver distraction

Competitive Insight

Some of the notable market players operating in the global Automotive Gesture Recognition System Market covered in this report are:

  • Cipia Vision Ltd.
  • Cognitec Systems GmbH
  • Continental AG
  • NXP Semiconductors
  • Qualcomm Technologies, Inc.
  • Samsung Electronics Co., Ltd,
  • Sony Corporation
  • Synaptics Incorporated
  • Usens Inc
  • Visteon Corporation

Recent Developments

In August 2022, Renesas Electronics Corporation, a leading name in the semiconductor industry announced that it had entered into an agreement to acquire Steradian Semiconductors Private Limited, a Bengaluru-based start-up focused on radar technology. This acquisition is expected to strengthen Renesas’s portfolio of HMI (Human-machine Interface) systems such as gesture recognition.

In August 2022, STMicroelectronics, a leader in semiconductor manufacturing announced the launch of the new FlightSense Time-of-Flight (ToF) multi-zone sensors. These sensors are capable of mapping and gathering intelligence without a camera using ToF technology. The new sens

Browse the full “Automotive Gesture Recognition System Market By Component (Touch Based Systems, Touchless Systems) By Authentication Type (Hand/Finger Print/Leg Recognition, Facial Recognition, Vision/IRIS Recognition, Others) By Application (Multimedia/Infotainment/Navigation, Lighting Systems, Others) and Region, Global trends and forecast from 2023 to 2029” Report and TOC at https://exactitudeconsultancy.com/reports/13318/automotive-gesture-recognition-system-market/ 

Segment Overview

The Automotive Gesture Recognition System market is segmented By Component, By Authentication Type, and By Application.

By Component  By Authentication Type By Application
  • Touch Based Systems
  • Touchless Systems
  • EGR Valve
  • EGR Cooler
  • Turbine
  • Compressor
  • Evaporator
  • Condenser
  • Expander
  • Pump
  • Thermoelectric Module
  • Heat exchanger
 

 

  • Multimedia
  • Lighting Systems
  • Others

To learn more about this report, request a free sample copy

Regional Insights

Asia Pacific: Due to rising auto production, rising luxury vehicle demand, and the implementation of stringent regulations to ensure driver and road safety, the Asia Pacific automotive gesture recognition market is predicted to present extremely lucrative opportunities over the next six years.

Due to shifting consumer tastes and increasing levels of disposable income in these developing economies, India and China are anticipated to be key markets in this region. Furthermore, it is anticipated that the existence of important automakers in South Korea, Japan, India, and China will further accelerate the development of the automotive gesture recognition market in this area.

Reasons to Purchase the Automotive Gesture Recognition System Market Report:

  • The report contains a wealth of data, including market dynamics and opportunities over the forecast term.
  • Quantitative, qualitative, value (in USD million), and volume (in units million) statistics are among the segments and sub-segments.
  • Data at the regional, sub-regional, and national levels also contains information on the market’s supply and demand dynamics.
  • The competitive environment includes the proportions of important actors, recent innovations, and strategies.
  • Companies with extensive product offerings, pertinent financial data, current developments, SWOT analyses, and player strategies.

To know an additional revised 2023 list of market players, request a sample report: https://exactitudeconsultancy.com/reports/13318/automotive-gesture-recognition-system-market/#request-a-sample         

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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Artificial Intelligence

ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Artificial Intelligence

Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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