Overview:
Gesture recognition is a technology that establishes a communication between a man and a machine, and this could be anywhere, be it home, office, or automobile. It officiates natural interactions with electronics around us. The global gesture recognition market is all set to gain effective tailwinds to clock impressive CAGR during the forecast period (2018-2023). Market Research Future (MRFR), in their recent report on the global Gesture Recognition Industry, revealed growth pockets that could be leveraged while making strategies for the future.
Gaming industry is expected to be one of the major segments that can provide traction to the global market. A lot of games for XBOX and PlayStations are getting developed with gesture control technology and it has a huge market to cater to. On the other hand, the automobile industry is implementing this technology to increase safety protocols. Smartphones are also implementing this to better the bond between the user and the interface. Such technologies are bound to trigger high growth for the global Gesture Recognition Industry.
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Competitive Landscape:
Several companies are showing keen interest in taking the global Gesture Recognition Industry ahead. These companies are employing their own sets of strategies to make an impact as an individual company. In doing so, they are also taking the market ahead. These companies are Intel Corporation (U.S), Microsoft Corporation (U.S.), Iris guard (Jordan), Apple Inc. (U.S), Prime Sense Limited (Isreal), Qualcomm Inc. (U.S), SoftKinetic (Belgium), Omron Corporation (Japan), Infineon Technologies (Germany), Texas Instruments (U.S.), and others. MRFR profiled these companies for a better look into trends that could define the coming years.
Google is planning to launch its Project Soli radar chips with Google Pixel 4, which would help the brand in installing programs with gesture-based controls. The smartphone would integrate the touch-less gesture technology for better operations.
Gesture Technologies Market Segmentation:
The gesture recognition market study is segmented into technology, product, application, and region.
Based on technology the gesture recognition market is segmented into sensors, 2D gesture technology and 3D gesture technology.
Based on product the gesture recognition market is segmentation into touch-less system and touch-based system.
Based on application the gesture recognition market is segmented into media and entertainment, automotive, healthcare, transportation, IT, and telecom.
Based on region the gesture recognition market is segmented into North-America, Europe, Asia-Pacific, and Rest of the World.
Market Research Analysis:
North America is expected to dominate the gesture recognition market during the forecasted time. Reputed companies in this region like Microsoft Corporation and Apple Incorporation are developing technically advanced 3D gesture and touch-less technology which are likely to cause the market expansion
Asia-Pacific is expected to grow at a rapid rate by 2023. Emerging economies like China and Japan are focusing on original equipment manufacturers to implement gesture recognition technology in their products.
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TABLE OF CONTENTS
1 Market Dynamics
1.1 Market Drivers
1.1.1 Processor Manufacturers Incorporating Gesture Recognition
1.1.2 Emergence Of Gestures As A New Way Of Communicating With Machines
1.1.3 Development Of Motion-Control Gaming
1.1.4 Growing Consumer Electronics Market
1.2 Market Inhibitors0
1.2.1 Limiting Capabilities Of Hardware
1.2.2 Technical Challenges In 3D Gestural Interaction
1.3 Supply Chain Analysis
1.4 Porter’s Five Forces Analysis
2 Global Gesture Recognition Market, By Technology
2.1 Introduction
2.2 Sensor
2.3 2D Gesture Technology
2.4 3D Gesture Technology
3 Global Gesture Recognition Market, By Application
3.1 Introduction
3.2 Automotive
3.3 Healthcare
3.4 Consumer Electronics
Continued…
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