Market Insights:
Gesture Recognition Market size was valued at USD 14 Billion in 2021, registering a CAGR of 19.2% during the forecast period (2022-2030), and the market is projected to be worth USD 68.02 Billion by 2030.
The mathematical translation of a human movement or gesture into a machine instruction is known as gesture recognition. Anyone may engage with machines using human gestures and motions such as hand, finger, arm, head, or full body movement. It allows users to operate and control devices with only their hands, eliminating the need for physical devices such as touch panels, keyboards, and mice.
Gesture Recognition Market Research Report” was just released by Market Research Community. It is divided into several categories, including Technology (Touch-based, Multi-Touch System, Motion Gesture, Touchless, Capacitive/Electric Field, Infrared Array, Ultrasonic Technology, 2D Camera-Based Technology, 3D Vision Technologies), application (Automotive (Lighting System, HUD, Biometric Access, Others) Consumer Electronics(Smartphone, Laptops & Tablets, Gaming Console, Smart TV, Set-Top Box, Head-Mount Display (HMD)) Healthcare(Sign Language, Lab & Operating Rooms, Diagnosis), Others), and companies (Microsoft Corporation; QUALCOMM Incorporated; SOFTKINETIC; Synaptics Incorporated, Alphabet Inc.; Apple Inc.; eyeSight Technologies Ltd; Infineon Technologies AG; Intel Corporation; Microchip Technology Incorporated), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 19.2%, over the forecast period of 2022–2030
Driver:
The increased adoption of Gesture Recognition in the Next Generation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Gesture Recognition also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Gesture Recognition in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 68.02 Billion |
| CAGR (2022-2030) | 19.2% |
| By Technology | Touch-based, Multi-Touch System, Motion Gesture, Touchless, Capacitive/Electric Field, Infrared Array, Ultrasonic Technology, 2D Camera-Based Technology, 3D Vision Technologies |
| By Product | Touchless and Touch-Based |
| By Application | Automotive, Consumer Electronics, Healthcare, Others |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Microsoft Corporation; QUALCOMM Incorporated; SOFTKINETIC; Synaptics Incorporated, Alphabet Inc.; Apple Inc.; eyeSight Technologies Ltd; Infineon Technologies AG; Intel Corporation; Microchip Technology Incorporated |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Gesture Recognition market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Microsoft Corporation; QUALCOMM Incorporated; SOFTKINETIC; Synaptics Incorporated, Alphabet Inc.; Apple Inc.; eyeSight Technologies Ltd; Infineon Technologies AG; Intel Corporation; Microchip Technology Incorporated
Market Segment Analysis:
By Application
Automotive
- Lighting System
- HUD
- Biometric Access
- Others
Consumer Electronics
- Smartphone
- Laptops & Tablets
- Gaming Console
- Smart TV
- Set-Top Box
- Head-Mount Display (HMD)
- Others
Healthcare
- Sign Language
- Lab & Operating Rooms
- Diagnosis
Others
- Advertisement & Communication
- Hospitality
- Educational Hubs
By Technology
- Touch-based
- Multi-Touch System
- Motion Gesture
- Touchless
- Capacitive/Electric Field
- Infrared Array
- Ultrasonic Technology
- 2D Camera-Based Technology
- 3D Vision Technologies
By Product
- Touchless
- Touch-Based
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Gesture Recognition industries in the region.
Key Gesture Recognition Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Gesture Recognition Market segments.
– Largest Market Share Held by Industry to Industry for Gesture Recognition
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Gesture Recognition Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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