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Gesture Recognition Market Share, Growth, Opportunities 2031

Gesture Recognition Market

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Segments - by Technology (Touch-based Gesture Recognition and Touchless Gesture Recognition), End-user Industries (Automotive, Healthcare, Consumer Electronics, Gaming, Aerospace & Defense, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author :

Raksha Sharma

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Amulya Agarwal

Editor :

Shruti Bhat

Report Description

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

Rising penetration of artificial intelligence (AI) technology is anticipated to boost the market growth.
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.
Growing interaction of humans with machines, by using hand gesture recognition is estimated to spur the market growth in the coming years.
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.
High complexity in the gesture recognition technology is anticipated to hamper the market expansion in the projected timeline.
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	Details
Report Title	Gesture Recognition Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
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.

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.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gesture Recognition Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Gesture Recognition Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Gesture Recognition Market - Supply Chain
  4.5. Global Gesture Recognition Market Forecast
     4.5.1. Gesture Recognition Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Gesture Recognition Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Gesture Recognition Market Absolute $ Opportunity
5. Global Gesture Recognition Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Gesture Recognition Market Size and Volume Forecast by End Users
     5.3.1. Automotive Healthcare Consumer Electronics Gaming Aerospace & Defense Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Gesture Recognition Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Gesture Recognition Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Gesture Recognition Demand Share Forecast, 2019-2026
7. North America Gesture Recognition Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Gesture Recognition Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Gesture Recognition Market Size and Volume Forecast by End Users
     7.4.1. Automotive Healthcare Consumer Electronics Gaming Aerospace & Defense Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Gesture Recognition Demand Share Forecast, 2019-2026
8. Latin America Gesture Recognition Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Gesture Recognition Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Gesture Recognition Market Size and Volume Forecast by End Users
     8.4.1. Automotive Healthcare Consumer Electronics Gaming Aerospace & Defense Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Gesture Recognition Demand Share Forecast, 2019-2026
9. Europe Gesture Recognition Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Gesture Recognition Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Gesture Recognition Market Size and Volume Forecast by End Users
     9.4.1. Automotive Healthcare Consumer Electronics Gaming Aerospace & Defense Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Gesture Recognition Demand Share Forecast, 2019-2026
10. Asia Pacific Gesture Recognition Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Gesture Recognition Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Gesture Recognition Market Size and Volume Forecast by End Users
     10.4.1. Automotive Healthcare Consumer Electronics Gaming Aerospace & Defense Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Gesture Recognition Demand Share Forecast, 2019-2026
11. Middle East & Africa Gesture Recognition Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Gesture Recognition Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Gesture Recognition Market Size and Volume Forecast by End Users
     11.4.1. Automotive Healthcare Consumer Electronics Gaming Aerospace & Defense Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Gesture Recognition Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Gesture Recognition Market: Market Share Analysis
  12.2. Gesture Recognition Distributors and Customers
  12.3. Gesture Recognition Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Intel Corporation Jabil Inc. Leap Motion Inc. Microchip Technology Inc. Sony Corporation

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