Gesture Recognition Market is estimated to value over USD 6.3 billion by 2029 end and register a CAGR of over 22.5% during the forecast period 2020 to 2029.

The report initiates from the outline of business surroundings and explains the commercial summary of chain structure. moreover, it analyses forecast of Gesture Recognition By Component Type, By Authentication Type, By Application, By Region and Gesture Recognition Market growth.

Additionally, this report illustrates the corporate profiles and situation of competitive landscape amongst numerous associated corporations including the analysis of market evaluation and options associated with the worth chain. This report provides valuable insights on the general market profit through a profit graph, an in depth SWOT analysis of the Gesture Recognition Market trends alongside the regional proliferation of this business vertical.

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Gesture Recognition Market Segmentation:

The Gesture Recognition Market is divided By Component Type, By Authentication Type, By Application and By Region.

Regionally, the worldwide Gesture Recognition Market is fragmented as North America, Europe, Asia Pacific and also the rest of the world.

Key Market Players:

Major market players enclosed within the Gesture Recognition Market are Intel Corporation, Google Inc., Microsoft Corporation, Apple Inc., Softkinetic, Qualcomm Technologies, Inc., GestureTek, Inc.,  eyeSight Technologies Ltd., Omron Corporation and Movea SA among others.

(Note: The list of the key players are going to be updated with the most recent market scenario and trends)

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FutureWise Key Takeaways:

• Growth prospects
• SWOT analysis
• Key trends
• Key data-points touching market growth

Competitive Landscape:

• Tier 1 players- well-established companies in the market accounting a major market share  
• Tier 2 players 
• Rapidly growing players
• New Entrants

Objectives of the Study:

• To offer with an complete analysis on the Gesture Recognition Market By Component Type, By Authentication Type, By Region and By Application
• To cater comprehensive data on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To measure and forecast micro-markets and also the overall market
• To predict the market size, in key regions — North America, Europe, Asia Pacific and rest of the world
• To record and evaluate the competitive landscape mapping - product launches, technological advancements, mergers and expansions

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Global “Gesture Recognition Market” size is expected to value at USD 33.05 billion by 2025. Gesture recognition is technique that involves the conversion of a bodily movement and gesture into machine language with the help of a computational algorithm. This allows user to interact with the robot or machine in absence of other human being. Human gesture is treated as an input to the machine and an appropriate response is received.Report offers an overview of the market size, share, trends, drivers, and barriers with respect to the Gesture Recognition Industry. Latest report on the global Gesture Recognition market is a compilation of key market insights and discusses key market dynamics such as drivers, restraints, and opportunities at length. It also provides a comprehensive overview of the market of different regions across North America, Europe, Asia Pacific, South America, Africa and Others.

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The gesture recognition technology is capable of understanding human gestures including handmovements, fingersmovements, and headmovements. Further, the system provides full operational capability to user by reading their gesture and movements. For example, with the help of gesture recognition system, a cursor can be movedfrom point A to Pont B by just pointing a finger. Increasing adoption of gesture recognition system and further research & development in the field can make touchscreens, console boards, and mouse redundant.

The gesture recognition industry is subject to witness a substantial growth due to the rise in the personal disposable income, numerous technological advancement and growing popularity of artificial intelligence (AI). Additionally, increasing focus on implementation of digitalization in various industry segments including transportation, consumer electronics, and healthcare sector, is predicted to fuel overall market growth. Growing adoption of the gesture recognition systems in electronics devices, and Internet of Things (IoT) systems due to ease of accessibility and convenience during operations, are attributing to the market expansion. Globally, the gesture recognition market is predicted to grow at CAGR of 21.3% in forecast period, providing numerous opportunity for market players to invest for research and development in the market.

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Gesture Recognition Market

– Changing market dynamics of the Gesture Recognition industry

– In-depth market segmentation by Type, Application etc

– Historical, current and projected market size in terms of volume and value

– Recent Gesture Recognition industry trends and developments

– Competitive landscape of Gesture Recognition Market

– Strategies of key players and product offerings

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What are the market factors that are explained in the report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the Gesture Recognition market on a global and regional scale.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the Gesture Recognition market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Analytical Tools: The Global Gesture Recognition Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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May 20, 2019: The global gesture recognition market size is likely to reach USD 30.6 billion by 2025. It is poised to post a CAGR of 22.2% from 2018 to 2025, according to a new report by Grand View Research, Inc. Increasing digitization across various industries is benefiting the growth of the market. Ease of adoption due to low technical complexity for end users is escalating its implementation across the consumer electronics industry. Several other industries have also started using this technology. Similarly, the touchless gesture recognition market is primarily driven by factors such as rising hygiene consciousness, government measures for water conservation, low maintenance cost, and booming hospitality and tourism industry.

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Surging use of consumer electronics and Internet of Things, along with increasing need for comfort and convenience in product usage, is boosting the growth of the gesture recognition market. Technological advancements and ease of use are helping the market gain momentum over the coming years. Increasing awareness regarding regulations and driver safety are bolstering the demand for gesture recognition systems in the automobile industry. Similarly, spiraling customer demand for application-based technologies is stimulating market growth.

Gestures are visible body actions through which human express information to others without saying it. In our daily lives, we see several hand gestures that are frequently used for communication purposes. Hand gesture recognition is one of the advanced research fields, which provides a way for human-machine interaction. Hand gesture recognition provides an intelligent method for human-computer interaction (HCI).

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The market is volatile and is experiencing a fierce competition, therefore, witnessing high number of mergers and acquisitions. For instance, Intel Corp. acquired Omek Interactive Ltd. Some of the key players in the market are Apple, Intel, Microsoft, and Google. Along with global giants, local and regional players are also showing tremendous growth and attracting big investors. This scenario has taken the competition to a whole different level.

Further key findings from the report suggest:

• Increasing digitization across various industries and ease of adoption due to low technical complexity for end users are poised to propel the market

• The healthcare segment is projected to experience substantial CAGR of 27.0% over the forecast period

• Asia Pacific was the highest revenue contributor in 2017. It is expected to witness significant growth over the forecast period

• The key players of the market include Apple Inc.; eyeSight Technologies Ltd; and Infineon Technologies AG.

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Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

The global Gesture Recognition Market to reach USD 21.10 billion by 2024, driven by an increasing demand for automation to provide the convenience of use to the consumer. Other attributes such as seamless use, user-friendly interface and high accuracy are anticipated to propel the growth of the market over the projected period.

North America was the largest market for gesture recognition due to the presence of a large-scale gaming sector. High demand for the latest innovations in digitalized electronics is anticipated to drive the growth. However, countries such as China, India and Japan are likely to drive the Asia Pacific industry growth at a CAGR of 32% over the projected period.

Conventional technologies such as 2D are fast being replaced by 3D in numerous consumer applications such as televisions, gaming consoles and laptops. The availability of a large number of games with virtual & augmented reality is expected to propel the growth of the market. Gaming consoles accounted for over 50% of the market share, and this trend is expected to continue over the next few years.

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Gaming apps for sports and dating are expected to witness the highest growth on account of their ability to provide consumers with a real-life experience due to complete body movement mapped with skeletal models. Apps such as Tinder and Pokemon Go have gained tremendous popularity since their launch, and this trend is expected to continue over the projected period.

Increasing integration of gesture recognition with augmented reality is poised to drive market growth over the expected period. Moreover, expanding application scope in automotive & healthcare sectors is likely to propel the growth of the gesture sensing industry. For instance, in May 2017, Skoda launched Karoq which boasts of various features that are controlled by gesture recognition.

Companies such as Intel, Microsoft, Samsung, Sony and SoftKinetic are some the key players in the global touchless sensing industry. Some of these players including Samsung and Sony are incorporating the gesture recognition software in their products such as mobile phones and televisions.

The global market is anticipated to witness growth over the projected period on account of rising consumer demand for consumer electronics. High disposable income of consumers coupled with frequent launches of advanced electronics is likely to fuel the growth of the market over the projected period.

Hexa Research has segmented the global gesture recognition market based on technology, applocation and region:

Segmentation by technology, 2014 - 2024 (USD Million)
• 2D
• 3D

Segmentation by application, 2014 - 2024 (USD Million)
• Tablets & Notebooks
• Smartphones
• Gaming Consoles
• Smart Televisions
• Laptops & Desktops

Segmentation by region, 2014 - 2024 (USD Million)
• North America
    • U.S.
• Europe
    • UK
    • Germany
• Asia Pacific
    • China
    • India
• Central & South America
• MEA

Key players analyzed
• Intel
• Microsoft
• Sony
• Samsung
• ArcSoft
• PointGrab
• SoftKinetic
• CrunchFish
• Google Inc
• EyeSight

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