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Gesture Recognition Market Dynamics, Demands, Growth Opportunities, Industry Analysis by Key Vendors 2025| Grand View Research, Inc.

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Gesture Recognition Market Dynamics, Demands, Growth Opportunities, Industry Analysis by Key Vendors 2025| Grand View Research, Inc.

August 27
15:02 2021
Gesture Recognition Market Dynamics, Demands, Growth Opportunities, Industry Analysis by Key Vendors 2025| Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the market growth can be attributed to the increasing per capita income, rising technological advancements, and burgeoning digitization across various industries such as automotive, consumer electronics, and healthcare.

The global gesture recognition market size is likely to reach USD 30.6 billion by 2025. It is poised to post a CAGR of 22.2% from 2018 to 2025, according to a new report by Grand View Research, Inc. Increasing digitization across various industries is benefiting the growth of the market. Ease of adoption due to low technical complexity for end users is escalating its implementation across the consumer electronics industry. Several other industries have also started using this technology. Similarly, the touchless gesture recognition market is primarily driven by factors such as rising hygiene consciousness, government measures for water conservation, low maintenance cost, and booming hospitality and tourism industry.

Surging use of consumer electronics and Internet of Things, along with increasing need for comfort and convenience in product usage, is boosting the growth of the gesture recognition market. Technological advancements and ease of use are helping the market gain momentum over the coming years. Increasing awareness regarding regulations and driver safety are bolstering the demand for gesture recognition systems in the automobile industry. Similarly, spiraling customer demand for application-based technologies is stimulating market growth.

Gestures are visible body actions through which human express information to others without saying it. In our daily lives, we see several hand gestures that are frequently used for communication purposes. Hand gesture recognition is one of the advanced research fields, which provides a way for human-machine interaction. Hand gesture recognition provides an intelligent method for human-computer interaction (HCI).

The market is volatile and is experiencing a fierce competition, therefore, witnessing high number of mergers and acquisitions. For instance, Intel Corp. acquired Omek Interactive Ltd. Some of the key players in the market are Apple, Intel, Microsoft, and Google. Along with global giants, local and regional players are also showing tremendous growth and attracting big investors. This scenario has taken the competition to a whole different level.

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Gesture Recognition Market Report Highlights

 Increasing digitization across various industries and ease of adoption due to low technical complexity for end users are poised to propel the market

 The healthcare segment is projected to experience substantial CAGR of 27.0% over the forecast period

 Asia Pacific was the highest revenue contributor in 2017. It is expected to witness significant growth over the forecast period

 The key players of the market include Apple Inc.; eyeSight Technologies Ltd; and Infineon Technologies AG.

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Gesture Recognition Market Segmentation

Grand View Research has segmented the global gesture recognition market based on technology, industry, and region:

Gesture Recognition Technology Outlook (Revenue, USD Million, 2014 – 2025)

        • Multi-Touch System
        • Motion Gesture
        • Capacitive/Electric Field
        • Infrared Array
        • Ultrasonic Technology
        • 2D Camera-Based Technology
        • 3D Vision Technologies

Gesture Recognition End-use Outlook (Revenue, USD Million, 2014 – 2025)

        • Lighting System
        • HUD
        • Biometric Access
        • Others
    Consumer Electronics
        • Smartphone
        • Laptops & Tablets
        • Gaming Console
        • Smart TV
        • Set-Top Box
        • Head-Mount Display (HMD)
        • Others
        • Sign Language
        • Lab & Operating Rooms
        • Diagnosis
        • Advertisement & Communication
        • Hospitality
        • Educational Hubs

Gesture Recognition Regional Outlook (Revenue, USD Million, 2014 – 2025)         

     North America
        • U.S.
        • Mexico
        • Canada
        • Germany
        • U.K.
        • France
     Asia Pacific
        • China
        • India
        • Japan
    • South America
        • Brazil
     Middle East & Africa

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Browse More Related Report:

2D Gesture Recognition Market Analysis, Market Size, Application, Analysis, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2015 To 2022

About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

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Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
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