The global gesture recognition market size was valued at USD 17.29 billion in 2022 and is expected to surpass USD 81.50 billion by 2031, expanding at a CAGR of 18.8% during the forecast period, 2023–2031. 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.
Market Trends, Drivers, Restraints, and Opportunities
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Rising penetration of artificial intelligence (AI) technology is anticipated to boost the market growth.
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Increasing implementation of gesture recognition technology for human-device interaction, due to increasing number of gesture enabled electronic devices across various industry verticals is projected to drive the market expansion.
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Growing interaction of humans with machines, by using hand gesture recognition is estimated to spur the market growth in the coming years.
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The COVID-19 pandemic disrupted the supply chain, hampering the market growth. However, the relaxation in the restrictions imposed by government state bodies is expected to help the market recover soon.
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High complexity in the gesture recognition technology is anticipated to hamper the market expansion in the projected timeline.
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Ongoing technological advancements is anticipated to create opportunities for the market growth.
Scope of the Report
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
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Details
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Report Title
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Gesture Recognition Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Technology (Touch-based Gesture Recognition and Touchless Gesture Recognition), End-user Industries (Automotive, Healthcare, Consumer Electronics, Gaming, Aerospace & Defense, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Intel Corporation, Jabil Inc., Leap Motion Inc., Microchip Technology Inc., and Sony Corporation.
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Gesture Recognition Market Segment Insights
Touch-based gesture recognition segment to account for a large market share
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.
Consumer electronics segment to register at a significant pace
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.
North America to dominate the market
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.
Segments
The global gesture recognition market has been segmented on the basis of
Technology
- Touch-based Gesture Recognition
- Touchless Gesture Recognition
End-user Industries
- Automotive
- Healthcare
- Consumer Electronics
- Gaming
- Aerospace & Defense
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Intel Corporation
- Jabil Inc.
- Leap Motion Inc.
- Microchip Technology Inc.
- Sony Corporation
Competitive Landscape
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.
