Global Gesture Recognition Market By Overview
Introduction:
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 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%.
Global Gesture Recognition Market By Dynamics
Increasing Implementation of Product
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. However, a complex framework for manufacturers and lack of awareness among end-users are major factors hampering the growth of the global market. Also, the high cost of technology is another factor projected to restrain the growth of the global market over the forecast period. Nevertheless, increasing automation in various industries such as the retail sector, defense sector, medical, transit sector, and the automotive sector is an ongoing trend observed for the growth of the global market.
Global Gesture Recognition Market By Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global gesture recognition market is segmented based on technology, industry, and region.
Based on technology, the global gesture recognition market is segmented into touch-based gesture recognition and touchless gesture recognition. Based on industry, the target market is classified into aerospace and defence, automotive, consumer electronics, gaming, healthcare, and other industries.
Regional Insights:
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%. On the region, the global gesture recognition market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The 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. The markets in Middle East and Africa and Latin America are anticipated to register significant growth in terms of revenue over the forecast period. This is mainly attributed due to growing awareness among consumers regarding sanitization and healthcare, educating standard of living coupled with increasing spending capacity across various countries in this region. The markets in North America and Europe are projected to witness steady growth over the forecast period, owing to increasing adoption of gesture recognition technology in healthcare and automotive industries in countries in this region
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Technology- Touch-based Gesture Recognition and Touchless Gesture Recognition By Industry– Aerospace and Defense, Automotive, Consumer Electronics, Gaming, Healthcare, and Other Industries |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global gesture recognition market report based on technology, industry, and region.
Global Gesture Recognition Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Gesture Recognition Market By Key Players
The key players operating the global gesture recognition market 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. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of Technology to gain a competitive edge in the target market. For instance, in April 2018, Leap Motion Incorporation unveiled its Project North Star. North Star is a full augmented reality platform where the digital and physical substrates exist as a single fluid experience.
Global Gesture Recognition Market By Company Profile
- Fibaro Group SA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Elliptic Laboratories A/S
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Eyesight Technologies Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- GestureTek Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Intel Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Jabil Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Leap Motion Incorporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Microchip Technology Incorporated
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Microsoft Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Pyreos Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Gesture Recognition Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Industry Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Gesture Recognition Strategies
- Key Questions this Study will Answer
- Market Snippet, By Technology
- Market Snippet, By Industry
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Gesture Recognition Market, By Technology, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Touch-based Gesture Recognition
- Overview
- Market Industry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Touchless Gesture Recognition
- Overview
- Market Industry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Gesture Recognition Market, By Industry, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Aerospace and Defense
- Overview
- Market Industry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Automotive
- Overview
- Market Industry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Consumer Electronics
- Overview
- Market Industry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Gaming
- Overview
- Market Industry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Healthcare
- Overview
- Market Industry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Other Industry
- Overview
- Market Industry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Gesture Recognition Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Industry and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Industry and Forecast (US$ Mn), By Industry, 2020 – 2030
- Market Industry and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Industry and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Industry and Forecast (US$ Mn), By Industry, 2020 – 2030
- Market Industry and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Industry and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Industry and Forecast (US$ Mn), By Industry, 2020 – 2030
- Market Industry and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Industry and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Industry and Forecast (US$ Mn), By Industry, 2020 – 2030
- Market Industry and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Industry and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Industry and Forecast (US$ Mn), By Industry, 2020 – 2030
- Market Industry and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Fibaro Group SA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Elliptic Laboratories A/S
- Eyesight Technologies Ltd.
- GestureTek Inc.
- Intel Corporation
- Jabil Inc.
- Leap Motion Incorporation
- Microchip Technology Incorporated
- Microsoft Corporation
- Pyreos Limited
- Fibaro Group SA
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global Gesture Recognition Market report segments the market on the basis on technology, industry, and region.
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.
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.
The leading players 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.