Gesture Recognition Market is estimated to be US$ 110.56 billion by 2030 and is anticipated to register a CAGR of 28.4%.

 


Gesture Recognition is an advanced technology which interprets human gesture with the help of a computing device. It includes various methods such as voice recognition, facial recognition, eye tracking, IRIS, leg movement, and lip movement. It is a user interface that offers real-time data to a computer system. The technological advancement in the gesture recognition market along with the need to deliver remote fewer gesture presentations in the enterprise environment is projected to provide lucrative opportunities for the key players in the gesture recognition market. The global gesture recognition market accounted for US$ 9.45 billion in 2020 and is estimated to be US$ 110.56 billion by 2030 and is anticipated to register a CAGR of 28.4%.

The Report " Global Gesture Recognition Market, By Technology (Touch-based Gesture Recognition and Touchless Gesture Recognition), By Industry (Aerospace and Defense, Automotive, Consumer Electronics, Gaming, Healthcare, and Other Industries), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030.

 

Key Highlights:

·         In February 2018, Elliptic Labs launched its gesture technology called INNER REFLECTION for smart speakers at Mobile World Congress (MWC).

·         In June 2018, Eyesight Technologies Ltd. collaborated with Soling Industrial Co., to launch next-generation driving motor systems in the Chinese automotive market.

Key Market Insights from the report:          

The Gesture Recognition Market accounted for US$ 9.45 Billion in 2020 and is estimated to be US$ 110.56 Billion by 2030 and is anticipated to register a CAGR of 28.5%. The market report has been segmented based on technology, industry, and region.

·         By technology, the touchless gesture recognition technology segment is projected to register higher CAGR over the forecast period, owing to the growing implementation of touchless technology in automotive and healthcare applications.

·         By industry, the global gesture recognition market is categorized into aerospace and defence, automotive, consumer electronics, gaming, healthcare, and other industries

·         By region, Asia Pacific market is expected to dominate in the global market in terms of revenue over the forecasts period, due to increasing disposable income across various countries and rapidly growing industrial digitization in the region.

Before purchasing this report, request a sample or make an inquiry by clicking the following link:

https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/3889

The prominent player operating in the global gesture recognition market includes Fibaro Group SA, Elliptic Laboratories A/S, Eyesight Technologies Ltd., GestureTek Inc., Intel Corporation, Jabil Inc., Leap Motion Incorporation, Microchip Technology Incorporated, Microsoft Corporation, and Pyreos Limited.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Contact Us:

Sales

Prophecy Market Insights

Email- sales@prophecymarketinsights.com

Comments

Post a Comment

Popular posts from this blog

Stock Music Market is estimated to be US$ 2.9 billion by 2032; Rise in Individual Content Creators to Fuel Market Growth

Image
  Music has become incredibly important as it elevates mood, helps in reducing stress, relieves symptoms of depression, and also helps in stimulating memories. Stock music is less expensive and has two types: royalty-free stock music, which is of lower costs and covers ongoing royalties and can be used on Facebook, YouTube videos, brand-sponsored content, and Instagram.  The growing adoption of digital technologies with newly launched music platforms has contributed to market growth. High demand for smartphones and the internet has enabled stock music to reach a global market or audience by making it easier to access music for content creators from different cultural backgrounds and regions, which is expected to fruitful the demand for  Stock Music Market  growth.  The report  “ Stock Music Market, By Type (Licensed Stock Music and Royalty-free Stock Music), By Application (Advertising, Gaming, Film Soundtracks, Television & Radio Broadcasts, and Others), By End-Users (Small &a
Read more

Human Machine Interface Market is estimated to be US$ 11.54 billion by 2030 and is anticipated to register a CAGR of 9.8%.

Image
  The report  " Human Machine Interface Market,   By Offering (Hardware (Basic HMI, Advanced PC-Based HMI, Advanced Panel-Based HMI) and Software (On-Premise HMI and Cloud-Based HMI), By Configuration Type (Stand-Alone HMI and Embedded HMI), By End User (Process Industries and Discrete Industries) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)  - Global Forecast to 2029" .  The Human Machine Interface Market size is projected to grow from US$ 3.85 billion in 2018 to US$ 9.48 billion by 2028. The global human machine interface market is expected to register lucrative growth over the forecast period. This is attributed growing need for monitoring of production and responding to the changing demands through enhanced diagnostics is expected to drive the human machine interface market. Furthermore, development in wireless technology have open-up a new avenues for the human machine interface market. Moreover, the technologies li
Read more

Data Analytics Outsourcing Market is estimated to be US$ 19.35 billion by 2030 with a CAGR of 22.1% during the forecast period

Image
  Data Analytics Outsourcing Market accounted for US$ 2.6 billion in 2020 and is estimated to be US$ 19.35 billion by 2030 and is anticipated to register a CAGR of 22.1%  Data analytics outsourcing is a partnership model in which a corporation entrusts its data to a service provider in exchange for intelligent reporting. At the same time, the supplier handles infrastructure setup and support, as well as data management and analysis .   To arrive at a final conclusion, data is extracted and categorised in order to recognise and evaluate data trends. Data analytics outsourcing refers to the acquisition of data analytics services such as data science, data visualisation, data management, and statistical research in order to improve operational efficiency and meet high revenue goals. The report   "  Global Data Analytics Outsourcing Market, By Type (Business Analytics Outsourcing, CRM Analytics Outsourcing, Supply Chain Analytics Outsourcing, Risk Analytics Outsourcing, and Others),
Read more