Gesture Recognition Market Is Estimated to grow by 18.26% of CAGR

MRFR Press Release/- Market Research Future published a cooked research report on Global Gesture Recognition Market.

Gesture Recognition Market Highlights

Gesture Recognition refers to an emerging technology that recognizes human gesture to communicate and control the electronic devices. Gesture refers to movements of hands, fingers, body and other physiological controls. This technology uses various sensors namely infrared sensors, image sensors among others to recognize and interact with the devices. Therefore, the global Gesture Recognition market is segment on the basis of product into two segments as touch less and touch based segment.

The various application that includes education, construction, gaming and among others where gesture recognition technology are widely being used. Gesture-based technologies have the potential to be transformative technology because of its potential that are used beyond learning. They don’t just replace one form of passive learning with another, i.e. the text book with an eBook but also create endless possibilities as to how to engage the learner in a multitude of resource types and scenarios.

Apart of automotive industry this technology is also being used in the gaming industry, unlike Microsoft Kinetic system for the Xbox game console. This device helps to detect motion from a distance of upto 10 feet. As compare to the 2D camera gesture recognition is gaining more populartity due to its enhanced results. Due to the enhanced output various process manufacturing companies are investing in gesture recognition technology, as a result of which gesture recognition is expected to become common in tablets, smartphones, and other devices in the years to come.

The Gesture Recognition Market is projected to grow from USD 10.85 billion in 2024 to USD 41.51 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.26% during the forecast period (2024 - 2032). 

Gesture Recognition Market Segmentation 

The global gesture recognition market is segmented on the basis of technology, product, application and region. On the basis of technology the segment is further classified into sensors, 2D gesture technology and 3D gesture technology. On the basis of product the segment is further classified into touch less and touch based system. The gesture recognition technology is having wide area of application such as automotive, healthcare, transportation, IT, commercial, telecom and many more.

Some of the key players in the market are Microsoft Corporation (U.S.), Intel Corporation (U.S), Apple Inc. (U.S), Iris guard (Jordan), Qualcomm Inc.(U.S), Prime Sense Limited (Isreal), Omron Corporation (Japan),  SoftKinetic (Belgium), Texas Instruments (U.S.), Infineon Technologies (Germany) and others.

Market Research Analysis

On geographic basis, global gesture recognition market is studied in different regions as North America, Europe, Asia-Pacific and Rest of world. The Asia Pacific region dominated the gesture recognition market in terms of revenue in 2016 and is expected to have significant growth over the forecast period. Companies are adopting partnership strategies for targeting untapped markets and product innovations. The market at present is leaded by North American and European countries on account of higher safety and hygiene concerns. In future, Asia-Pacific region is expected to hold largest revenue share due to rapidly increasing adoption of touch-less biometric products.