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

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%.

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.

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:

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:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

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.

• 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