Global Gesture
recognition Market Report, published by Variant Market Research,
forecast that the global market size is expected to reach $43.6 billion by 2024
from $13.1 billion in 2016;growing at a CAGR of 16.2% from 2016 to 2024.
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Development
of smart homes boost the global gesture recognition market industry
Primary factors driving the global
gesture recognition market are development of smart homes, and rising
popularity of smart-phones and tablets. Also, consumer awareness towards data
security has also supported the market growth. However, lack of standardization
of gesture recognition technology is the major hindrance for the market growth.
Moreover, surge in consumer awareness towards electronic devices with gesture
recognition is expected to generate numerous growth prospects for the market in
the forecast timeframe.
Market
Segmentation
Technology, application, and geography
are the three major segments considered in the global gesture recognition
market. Technology segment comprises touch less gesture recognition (infrared
2D ray, and ultrasonic), touch-based gesture recognition (combo censor, gyroscope,
and accelerometer). Application segment is sub-segmented into medical centers,
gaming, educational hubs, hospitality, commercial centers, consumer
electronics, automobile, and other applications. Furthermore, by geography the global
gesture recognition marketis categorized into North America, Europe, Asia-Pacific,
and Rest of the World. U.S., Canada, and Mexico are covered under North America,
whereas Europe segment includes of France, Germany, UK, and Rest of Europe.
Asia-Pacific is segmented into China, Japan, South Korea, Indiaand Rest of
Asia-Pacific, while RoW is segmented into Middle East, South America, and
Africa.
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Touch
based gesture recognition, by technology, dominated the market with major share
Touch based gesture recognition
dominated the market with largest share in 2016, in the technology segment, and
is expected to continue its trend the during the forecast period. The high
growth is attributed as it allows a user to make a particular gesture by
touching the device or through a controller connected to the device.
Consumer
Electronics held for the largest market share in the application segment
The consumer electronics segment
accounted for the largest market share in 2016, driven by augmented acceptance
of gesture recognition electronic devices in the global market.
North
America occupied the leading market share in the global gesture recognition
market
In 2016, North America generated the
largest revenue accounting for 35%, followed by Europe with 30.1% of the total
market share. The high growth is credited to increased penetration of smart
phones, smart TVs, and cameras in the North America market. Asia-Pacific is
likely to reach the fastest CAGR of 17% through out the forecast period 2016 –
2024, driven by high growth in automobile sector, and augmented consumer demand
for electronic devices.
Competitive
Landscape
The major players in the market
include eyesight Technologies, Crunchfish, Intel, Sony, Samsung, Microsoft,
Google Inc. PointGrab, ArcSoft, and SoftKinetic, among others.
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Scope
of Gesture Recognition Market
Application
Type Segment
- Automobile
- Hospitality
- Consumer electronics
- Gaming
- Aerospace & defence
- Commercial centres
- Educational hubs
- Medical centres
- Others
Technology
Type Segment
- Touch-Based Gesture Recognition
- Gyroscope
- Accelerometer
- Combo Censor
- Touch Less Gesture Recognition
- Ultrasonic
- Infrared 2D-Array
Geographical
Segments
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Others
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Others
- RoW
- South America
- Middle East
- Africa
About Variant Market Research
Variant Market
Research offers syndicated and customized reports to fulfill clients'
objectives. We also provide customized data pack proposing market sizing in an
Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover
several industry domains, namely Semiconductor & Electronics, Consumer
Electronics, Information and Communication Technology, Automotive, Consumer
Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals,
Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy
& Power, Defense & Aerospace and Banking, Financial services and
Insurance (BFSI). Our expertise are data triangulation, competitor
benchmarking, parent market benchmarking, estimating market size and forecast
of the market from 2016 to 2024.
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