Gesture Recognition Market worth US$ 9.45 Billion in 2020 with a CAGR of 28.5%.
Increasing digitization across various industries and
technological advancements in the field of automotive, consumer electronics,
healthcare, etc., are major factors expected to drive the growth of the global
gesture recognition market over the forecast period. Also, rising consumer
demand for comfort and convenience in product usage and increasing
implementation of Internet of Things (IoT) are some other factors projected to
further propel the growth of the target market over the forecast period.
Moreover, rising awareness regarding driver safety and regulations is another
factor propelling the growth of the target market in the automobile industry.
For example, Delphi Technologies added a new dimension to the touch-free
cockpit experience. The company developed a technology that tracks eye
movement, to detect where the driver is looking, and infer the action that an
infotainment system has to carry out. Furthermore, increasing innovative
gesture recognition features and rising demand for mobile devices is another
important factor anticipated to fuel the growth of the global market over the
forecast period.
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.
Browse 60 market data tables* and
35 figures* through 140 slides and in-depth TOC on “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
To know the upcoming trends and insights prevalent in this market,
click the link below:
https://prophecymarketinsights.com/market_insight/Global-Gesture-Recognition-Market-By-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.
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