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The Gesture Recognition market was valued US$ XX Mn in 2019 and it is projected to reach at US$ 39.10 Bn by 2028, witnessing a CAGR of 20.8 %
The global gesture recognition market has shown significant growth since the last two decades and is anticipated to grow rapidly in the coming years. Some of the factors fuelling the growth of the global market include advanced features associated with gesture recognition, technological advancements, rising adoption from the consumer electronics industry, and increasing digitization across the globe.
Adoption of Advanced Technology to Drive the Demand for Gesture Recognition during the Forecast Period
The gesture recognition technology is gaining popularity across the globe owing to the advanced features associated with it. The technology enables the user to operate and control the device by monitoring their gestures such as movements of the head, hand, arm, figure, palm, or any body part, which makes the devices more redundant. For instance, a user can control the cursor movement by pointing a finger at the monitor or mobile screen. The gesture recognition technology has a wide range of applications in several industries including consumer electronics, healthcare, and medical rehabilitation which is projected to propel the growth of the global market in the coming years. Moreover, the continuous research activities in the hand gesture sector are expected to create new opportunities for the global market.
Touch Less Segment is projected to be the Fastest-Growing Segment during the Forecast Period
On the basis of technology, the touch-less segment is anticipated to witness the fastest growth rate during the forecast period. The touch-less technology has major applications in smartphones and tablets. The rising penetration of smartphones and gaming devices favour the growth of the segment. Also, advantages such as accuracy, speed, and easy interface are expected to create new opportunities for segment growth.
Consumer Electronics Segment Registered Larger Share in Global Gesture Recognition Market
Based on end-use, the consumer electronics industry accounted for significant market share which makes it the dominant segment. Gesture recognition is used in several consumer electronics devices such as laptops, smartphones, set-top boxes, and gaming devices. Also, technology has started gaining traction in other verticals including automotive and healthcare. The technology offer ease of operations and low technical complexities which are resulting in an increasing consumer base across the globe. Furthermore, the rising awareness regarding the necessity of driver safety and regulations is increasing the demand of gesture technology in the automotive industry.
The Asia Pacific held a significant share in the Global Gesture Recognition Market in 2018
In terms of region, the global market is dominated by the Asia Pacific. The region is expected to be the dominant region throughout the forecast period. The dominance of the region can be attributed to the large consumer base for the gesture recognition market. Moreover, emerging economies such as China, India, and Japan are contributing in the growth of the region.
On the other hand, Middle East & Africa is estimated to be the most promising region in the global market. This is mainly due to the changing lifestyle and rising income per capita across the region. Furthermore, Europe and North America are anticipated to witness moderate growth during the forecast period. Healthcare and automotive industries are the major contributors for the growth of gesture recognition in the region.
The global almond ingredient market is highly competitive as the market is fragmented with several global and regional players. The companies are focused on expanding their operations by adopting different strategies such as product launch and innovations.
For instance, in October 2019, Google announced the launch of Pixel 4 and Pixel 4 XL. The new products consist of gesture-recognition technology and dual rear camera. The products are available in three colors including oh so orange, clearly white, and just black.
In May 2018, Motion Gesture unveiled their new platform for all gesture-recognition applications with advanced features. The software offers multiple beneficial features such as lesser time, cost-efficient, and better performance.
In January 2020, KaiKuTek announces to launch a system-on-chip solution that leverages AI accelerators, antennas, and radar technology for perfect gesture recognition.
Some of the prominent players operating in the global gesture recognition market include Infineon Technologies AG, Apple Inc., EyeSight Technologies Ltd, and Google Inc.
Global Gesture Recognition Market by Technology
- Capacitive/Electric Field
- 3D Vision Technologies
- Infrared Array
- 2D Camera-Based Technology
- Ultrasonic Technology
- Motion Gesture
- Multi-Touch System
Global Gesture Recognition Market by End-Use
- Lab & Operating Rooms
- Sign Language
- Consumer Electronics
- Head-Mount Display
- Laptops & Tablets
- Set-Top Box
- Smart TV
- Gaming Console
- Lighting System
- Biometric Access
- Educational Hubs
- Advertisement & Communication
Global Gesture Recognition Market by Region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America