12-July-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.
About Grand View Research
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).
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.
In
depth research report on Gesture Recognition Market
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.
Grand View Research
has segmented the global gesture recognition market based on technology,
industry, and region:
Gesture Recognition Technology Outlook (Revenue, USD Million,
2014-2025)
·
Touch-based
·
Multi-Touch System
·
Motion Gesture
·
Touchless
·
Capacitive/Electric Field
·
Infrared Array
·
Ultrasonic Technology
·
2D Camera-Based Technology
·
3D Vision Technologies
Gesture Recognition End-use Outlook (Revenue, USD Million,
2014-2025)
·
Automotive
·
Lighting System
·
HUD
·
Biometric Access
·
Others
·
Consumer Electronics
·
Smartphone
·
Laptops & Tablets
·
Gaming Console
·
Smart TV
·
Set-Top Box
·
Head-Mount Display (HMD)
·
Others
·
Healthcare
·
Sign Language
·
Lab & Operating Rooms
·
Diagnosis
·
Others
·
Advertisement & Communication
·
Hospitality
·
Educational Hubs
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more research reports of this category:
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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