Gesture Recognition Market delivers a succinct analysis on industry size, regional growth and revenue forecasts for the upcoming years. The report further sheds light on significant challenges and latest growth strategies adopted by manufacturers who are a part of the competitive spectrum of this business domain.
Gesture Recognition Market is valued at 6571.18 USD Million in 2018 and expected to reach USD 25551.99 Million by 2025 with the CAGR of 21.41% over the forecast period. the use of gesture recognition technology in gaming devices and gaming software through different sensing equipment is the driving factor for Gesture Recognition Market.
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Scope of the Report:
Gesture Recognition Market report published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about Gesture Recognition market from various aspects. This report consists of drivers, challenges and opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report consists of regional segmentation with product type and applications.
The major players in this market are Gesturetek Inc., Microsoft Corporation, Elliptic Laboratories A/S, Sony Corporation, Microchip Technology Incorporated, Leap Motion Incorporation, Thalmic Labs Inc, Fibar Group S.A., Intel Corporation, Pyreos Limited, Eyesight Technologies Ltd, and Jabil Inc, are the key players in this market.
Gesture recognition is the process of introducing gestures made by user to the system through different sensing equipment for a better interaction between man and machine. It can also be defined as the mathematical interpretation of a human motion by a computing device. Touch based gestures use touch pad or touch screen to be effective in various applications like sale terminals, PDAs, various industrial and automotive applications for controlling cursors on a PC or mobile. Device based gesture techniques use gloves, stylus, position trackers etc. whose movements send signals that system uses to identify the gesture. Other technologies that are used in gesture recognition technologies are vision-based techniques for security purpose and electrical field sensing for industrial purpose.
Gesture Recognition technology is used in new applications like AR / VR, in which the gesture recognition devices sense real 3D world and construct them in virtual world. It is also applied in robotics and automated vehicle system for automation purpose. Other applications are face recognition, gesture and proximity detection for gaming security purpose. It can be said that Gesture Recognition is used to make machines and computers more intelligent. The real driving factor of gesture recognition market is its application and use in various sectors like consumer electronics, automation, robotics, security and surveillance, defense, motion detectors, healthcare etc. Today’s tech savvy consumer base has several expectation virtual reality and more integrated interaction between machine and human. These expectations are being delivered by several players launching advanced device every year. Combination of computer vision and Gesture Recognition technology, which helps in improvement of CV algorithms to do more advanced works is an opportunity for this market.
Gesture Recognition Market Segmentation –
By End User
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