Market Overview

Market Research Future (MRFR), in its recently published research report, asserts that the Gesture Recognition Market 2020 is expected to grow exponentially over the review period, recording a substantial market valuation of USD 26.94 billion and a healthy 27.58% CAGR in the forecast period.

The Global Gesture Recognition Market to Develop at a 27.58% CAGR by 2023

North America to Lead the Global Gesture Recognition Market

The Global Gesture Recognition Market to Expand Amid COVID-19 Pandemic

Market Analysis

Market Research Future (MRFR) expects the global gesture recognition market to expand at a 27.58% CAGR from 2018 to 2023 (forecast period).

Gesture recognition is a cutting-edge technology that interprets human motion with the help of a computing device. It involves a variety of methods, including facial recognition, voice recognition, IRIS, eye tracking, leg movement, and lip movement. It is an alternative user interface that provides real-time data to a computer system. The technical advancements in the gesture recognition industry, combined with the need to provide remote fewer gesture presentations in the enterprise environment, are expected to create significant opportunities for major gesture recognition market players.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5244

The gesture recognition market is primarily driven by low installation costs and improved user experience in a variety of applications. The implementation of gesture recognition technology in smartphones and automotive equipment drives the development of this technology. However, a lack of awareness among end-users and a complex framework for manufacturers limit market growth across all major regions.

Market Segmentation

The global gesture recognition industry has been segmented into technology, application, and product.

Based on technology, the global gesture recognition market has been segmented into sensors, 2D gesture technology, and 3D gesture technology.

By application, the global gesture recognition market has been segmented into IT/Telecom, consumer electronics, healthcare, automotive, transportation, commercial, and others.

By product, the global gesture recognition market has been segmented into touchless and touch-based.

Regional Analysis

Region-wise, the global gesture recognition market has been segmented into North America, Asia Pacific, Europe, and the rest of the world. 

North America is expected to rise steadily over the projected period. Over the forecast period, the automotive and healthcare industries in these regions are expected to see an increase in the adoption of gesture recognition technology. Similarly, 2D and 3D gesture recognition systems will provide more realistic and immersive customer experience exposure.

COVID-19 Impact on the Global Gesture Recognition Market

The COVID-19 pandemic has highlighted the importance of contactless interaction. This has been a blessing for gesture recognition, which had previously been relegated to the realms of AR/VR and biometric authentication. The development of agnostic gesture recognition systems can provide plenty of scope to the market. Furthermore, the familiar experience of users with AR/VR systems and minimal interactions with displays can broaden its application in a variety of verticals. The advertising space can integrate with smartphones for passing on pertinent Ads and provide information seamlessly in the digital domain.

Key Players

The global gesture recognition market is highly fragmented and competitive, with a large number of international and regional players. To maintain their position in the global market, market participants are heavily engaged in technological advancement, geographic expansion, and mergers and acquisitions.

Infineon Technologies AG (Germany), Qualcomm Incorporated (U.S.), SoftKinetic Inc. (Belgium), Iris guard (U.K.), Apple Inc. (U.S.), Omron Corporation (Japan), Texas Instruments (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.).

Summary

The global gesture recognition market is anticipated to expand at a 27.58% CAGR from 2018 to 2023 (forecast period). Gesture recognition is a security feature built into systems for providing access to authorized employees. Improvements in sensors and its broad scope in adhering to COVID-19 guidelines may drive its demand over the forecast period. Other factors expected to influence the market include the implementation of IoT and the proliferation of consumer electronics.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/gesture-recognition-market-5244

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                     

Market Research Future

+1 646 845 9312

Email: [email protected]