The global gesture recognition market size is anticipated to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing adoption of gesture recognition technology to control computer applications.
Gestures are noticeable body activities through which human express information to others without saying it. Gesture recognition provides a way for human-machine interaction (HCI). It helps people to interrelate with machines in the absence of physical devices, as an input mechanism to perform activities in a framework. The technology understands human motions & developments, such as motion of hands, fingers, arms, head, or the whole body. It permits operators to work and control gadgets with their motions. This technology also includes different method of recognition such as facial, voice, iris, leg movement, and lip movement.
The report on the global gesture recognition market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Gesture Recognition Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Technology (Touch-based Gesture Recognition and Touchless Gesture Recognition), End-user Industries (Automotive, Healthcare, Consumer Electronics, Gaming, Aerospace & Defense, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Intel Corporation, Jabil Inc., Leap Motion Inc., Microchip Technology Inc., and Sony Corporation. |
Based on technologies, the market is divided into touch-based gesture recognition and touchless gesture recognition. The touch-based gesture recognition segment is expected to account for a key market share during the forecast period owing to increasing penetration of laptops and smartphones. Touch-based gesture recognition involves single- and multi-touch screens, which are widely used in consumer electronics.
In terms of end-user industries, the market is segmented into automotive, healthcare, consumer electronics, gaming, aerospace & defense, and others. The consumer electronics segment is expected to grow at a rapid pace in the coming years. Increasing number of smartphone due to rising disposable income is driving the growth of the market segment Smartphone manufacturers are launching phones that include touch-based gesture recognition features. Laptop manufacturers are also introducing low-cost products that use touch-based gesture recognition, thus expanding the accessibility of the technology.
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. The regional market growth is attributed the presence of huge technology firms in the US. Increasing R&D investment in the US is spurring the market growth in the region. The early adoption of the latest technology is expected to positively influence the growth of the market in North America. The consumer electronics industry was valued at USD 71,433 million in 2018, in the US.
Key players competing in the gesture recognition market include Intel Corporation, Jabil Inc., Leap Motion Inc., Microchip Technology Inc., and Sony Corporation.
Companies are engaging in partnerships, collaborations, and mergers & acquisitions to expand their market share.
Key players competing in the gesture recognition market include Intel Corporation, Jabil Inc., Leap Motion Inc., Microchip Technology Inc., and Sony Corporation.
Companies are engaging in partnerships, collaborations, and mergers & acquisitions to expand their market share.
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