As per this study the Global Gesture Recognition Market was valued USD 18.22 BN (by revenue) in 2022 and is anticipated to reach USD 77.3 BN by 2030 with a CAGR of 19.8%.
Gesture recognition is a type of perceptual computing user interface, which allows a computer to capture and interpret human gestures as commands. It's an ability of a computer to understand gestures and execute the command, based on those gestures. In gesture recognition interface, motion sensor records movement as the primary source of data instead of typing with keys.
Market Dynamics
The growing gaming industry across the globe along with increasing popularity of motion control gaming is driving the market growth. It aids constant increasing users of smartphones are also fuelling the demand for gesture recognition. In addition, the rising need of automotive is also boosting the demand in the market. However, unpredictability and difficulty in discovering while operating with gesture recognition instead of manual input are expected to hamper the market growth at a certain level in forecast timeframe.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of gesture recognition.
Market Segmentation
The broad gesture recognition market has been sub-grouped into type and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Technology
- Touch-based (Multi-Touch System, Motion Gesture)
- Touchless (Capacitive/Electric Field, Infrared Array, Ultrasonic Technology, 2D Camera-Based Technology, 3D Vision Technologies)
By Industry
- Automotive (Lighting System, HUD, Biometric Access, Others)
- Consumer Electronics (Smartphone, Laptops & Tablets, Gaming Console, Smart TV, Set-Top Box, Head-Mount Display (HMD), Others)
- Healthcare (Sign Language, Lab & Operating Rooms, Diagnosis)
- Others (Advertisement & Communication, Hospitality, Educational Hubs)
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for gesture recognition in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Gesture Recognition Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Gesture Recognition market include Alphabet Inc., Apple Inc., eyeSight Technologies Ltd, Infineon Technologies AG, Intel Corporation, Microchip Technology Incorporated, Microsoft Corporation, QUALCOMM Incorporated, SOFTKINETIC, Synaptics Incorporated. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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