Covina, United States : Global Gesture Recognition Market, By Technology (Touch-based Gesture Recognition and Touch less 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 Market Outlook
- Market Value 2020: US$ 9.45 Bn
- Market Value Estimation 2030: US$ 56 Bn
- CAGR: 28.5%
Modern technology known as Gesture Recognition uses a computing device to interpret human gestures. It uses a variety of techniques, including lip movement, eye tracking, leg movement, voice recognition, facial recognition, and IRIS. It is a user interface that provides a computer system with real-time data. The leading players in the gesture recognition market are expected to benefit financially from the technical improvement in the market as well as the demand to give remote presentations with less gestures in the workplace setting.
Top News relating to Industry, Innovation:
- July 2022 – Coolpo, the award-winning video conferencing company that brought Coolpo AI Huddle Pana will be launching a brand new product that is designed for medium-sized conference rooms. Hybrid meetings have different requirements so they require flexible products. Unlike the Pana, the Mini will look more like the traditional front-facing webcam. The Coolpo AI Huddle Mini is a 4K wide-angled conference camera that is compact but packs powerful features.
- July 2022 – Zoom announced a slate of updates and new features, including a virtual whiteboard and gesture recognition. Among the updates is Zoom IQ for Sales, which uses AI to analyze calls.Zoom added Gesture Recognition, which means that instead of clicking on a reaction you can raise a hand or put a thumbs up to display that reaction in the call. It’s only limited to those two gestures for now, and requires client version 5.10.3 or later.
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Key Segmentation of 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 28.5%. The market report has been segmented based on technology, industry, and region.
- By technology, the touchless gesture recognition technology segment is projected to register higher CAGR over the forecast period, owing to the growing implementation of touchless technology in automotive and healthcare applications.
- By industry, the global gesture recognition market is categorized into aerospace and defence, automotive, consumer electronics, gaming, healthcare, and other industries
- By region,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 Gesture Recognition Market Report mentions the following promising regions:
- 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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Top-tier significant players:
The prominent player 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.
Premium Report offers:
- Assessments of market share for the regional and national segments
- A description of the business, including its goals, finances, and most recent advancements.
- In addition to a comprehensive analysis of market share, the report contains data on significant drivers, restraints, and opportunities.
- The market power of consumers and suppliers is demonstrated via Porter’s five forces study.
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