Global Gesture Recognition Market, By Component Type (Touch-Based Gesture Recognition, Touch less Gesture Recognition, RFID Technology, Camera-Based Technology, Sensors, Voice Assistance and Others), Authentication Type (Finger Print Recognition, Face Recognition, Vision and IRIS Recognition and Hand and Leg Recognition), Touch Type (Single Touch-Based System and Multi Touch Based Systems), Industry Vertical (Automotive, Consumer Electronics, Healthcare, Advertisement and Communication, Defense, Finance and Banking, Government and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Gesture Recognition Market
Increase in the demand for connectivity by the automotive industry, growing adoption of this technology owing to low technical complexityand rising prevalence of digitization especially in the developing economiesare the major factors attributable to the growth of thegesture recognitionmarket. Data Bridge Market Research analyses that the gesture recognition market will exhibit a CAGR of 24.62% for the forecast period of 2021-2028. This means that the gesture recognition market would stand tall at a market value of USD 93.95 billion by 2028.
Gesture recognition is a technology that works on mathematical algorithms to interpret human gestures. Gesture recognition is a technology that effectively and efficiently detects the human motion and improves the human-computer interaction significantly.
Increased adoption of gesture recognition technology by healthcare and automotiveindustries will emerge as the majormarket growth driving factor. Rising integration of multiple technologies with gesture controland growing research and development activities by the various verticalswill further aggravate the growth of the market. Growth in the adoption of internet of things technology by the end user verticals, technological up gradations in technologies involved in comfort and convenience products and surge in the proliferation of consumer electronicsare some other factors bolstering the growth of market.
However, irrelevant object overlapping with 3D gesture recognition will act as a growth restraint for the market. High power consumptionwill further dampen the growth rate of the market. Increasing costs associated with developing and integrating the technology will yet again hamper the market growth rate.
This gesture recognition market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on gesture recognition market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Gesture Recognition Market Scope and Market Size
The gesture recognition market is segmented onthe basis of component type, authentication type, touch type and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- By the component type, the gesture recognition market is segmented into touch-based gesture recognition, touch less gesture recognition, RFID technology, camera-based technology, sensors, voice assistance and others.Touch-based gesture recognition has been further segmented into multi-touch system and motion gesture. Touch less gesture recognition has been further segmented into capacitive/electric field, infrared array, ultrasonic technology, 2D camera-based technology and 3D vision technologies.
- On the basis of authentication type, the gesture recognition market is segmented into finger print recognition, face recognition, vision and IRIS recognition and hand and leg recognition.
- On the basis of touch type, the gesture recognition market is segmented into single touch-based system and multi touch based systems.
- On the basis of vertical, the gesture recognition market is segmented into automotive, consumer electronics, healthcare, advertisement and communication, defense, finance and banking, government and others. Automotive segment is sub-segmented into lighting system, HUD, biometric access and others. Consumer electronicssegment is sub-segmented into smartphone, laptops and tablets, gaming console, smart TV, set-top box, head-mount display (HMD) and others. Healthcaresegment is sub-segmented into sign language, lab and operating rooms and diagnosis. Otherssegment is sub-segmented into advertisement and communication, hospitality and educational hubs.
Gesture Recognition Market Country Level Analysis
The gesture recognition market is analysed and market size, volume information is provided by country, component type, authentication type, touch type and vertical as referenced above.
The countries covered in the gesture recognition market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the gesture recognition market and will continue to flourish its trend of dominance during the forecast period. This is because of the increased digitization of economies coupled with growing proliferation of consumer electronics.
The country section of the gesture recognition market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Gesture Recognition Market Share Analysis
The gesture recognition market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to gesture recognition market.
The major players covered in the gesture recognition market report are ESPROS Photonics, Microsoft, Eyesight Technologies Ltd., Cognivue, Gestsure Technologies Ltd., Elliptic Laboratories A/S, Cognitec Systems GmbH, Apple Inc., Intel Corporation, Microchip Technology Inc., Qualcomm Technologies, Inc., XYZ Interactive, pmdtechnologiesag, OBLONG INDUSTRIES, INC., MetaSensor Inc., Gesture Research., PointGrab Inc., OmniVision Technologies, Inc., Google LLC, Sony Corporation and Infineon Technologies AG among other domestic and globalplayers. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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