News Update on Global Gesture Recognition Market: Primarily Driven by Rise in Popularity of Smart phones and Tablets

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.
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.
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.
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.
For further information, visithttps://www.variantmarketresearch.com
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