Overview and Scope
The gesture recognition refer to a type of perceptual computing user interface that enables computers to recognize and understand human gestures as orders. Gesture recognition entails tracking a human position, orientation, or movement and then interpreting it to distinguish semantically significant gestures. It is utilized for Human-Computer Connection (HCI), a type of human-machine interaction that uses just physical actions rather than voice.
Sizing and Forecast
The gesture recognition market size has grown exponentially in recent years. It will grow from $19.56 billion in 2023 to $23.86 billion in 2024 at a compound annual growth rate (CAGR) of 21.9%. The growth in the historic period can be attributed to touchless interfaces for hygiene, gaming industry demand, healthcare applications, accessibility features, industrial and enterprise applications.
The gesture recognition market size is expected to see exponential growth in the next few years. It will grow to $55.33 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%. The growth in the forecast period can be attributed to expanded use in retail environments, public spaces and kiosks, expanded automotive use cases, growth in entertainment industry, gesture-based healthcare monitoring. Major trends in the forecast period include integration in consumer electronics, gaming and virtual reality (vr), industrial and manufacturing applications, education and training solutions, security and authentication, gesture recognition software development kits ..
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Segmentation & Regional Insights
The gesture recognition market covered in this report is segmented –
1) By Type: Online Gesture, Offline Gesture
2) By Technology: Touch-Based, Touchless
3) By Authentication Type: Finger Print Recognition, Face Recognition, Vision And IRIS Recognition, Hand And Leg Recognition
4) By Industry: Automotive, Consumer Electronics, Sports, Healthcare, Advertisement And Communication, Aerospace And Defense, Government, Other Industries
North America was the largest region in the gesture recognition market in 2023. The regions covered in the gesture recognition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing digitalization is propelling the growth of the gesture recognition market. Many companies and organizations are adopting biometrics solutions that help in the digitalization of large processes. Biometrics s a scientific method of identifying a person’s gestures by measuring their physical and/or behavioral features that are used for different applications like mobiles, laptops, and screenings. The rise of biometrics is increasing due to businesses realizing the benefits of biometric technologies in terms of security and ease of their operations. According to Imageware, a US-based biometric identification and authentication solutions company, global biometric technology is expected to reach $55.42 billion by 2027. Therefore, the growing digitalization is driving the gesture recognition market growth.
Key Industry Players
Major companies operating in the gesture recognition market report are Apple Inc.,SALTO Systems S. L., Intel Corporation,Microchip Technology Inc.,Qualcomm Technologies Inc., Synaptics Inc., Google LLC, GestureTek, IrisGuard UK Ltd., PointGrab Ltd.,Cipla Limited, HID Global, Ultraleap Ltd., iProov Limited,Oblong Inc.,Sony Corporation,EyeSight Technologies,Omron Corporation,Elliptic Labs,GestureTek, Crunchfish AB,XYZ Interactive Technologies Inc.,GestureTek Health,Ultraleap,Pebbles Interfaces, PointGrab Ltd.,Vayyar Imaging Ltd.,Cognitec Systems GmbH,Intel RealSense Technology,Synaptics Incorporated,Gestoos,Gestigon GmbH,OMRON Electronics,pmdtechnologies ag
The gesture recognition market report table of contents includes:
1. Executive Summary
2. Gesture Recognition Market Characteristics
3. Gesture Recognition Market Trends And Strategies
4. Gesture Recognition Market – Macro Economic Scenario
5. Global Gesture Recognition Market Size and Growth
….
31. Global Gesture Recognition Market Competitive Benchmarking
32. Global Gesture Recognition Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Gesture Recognition Market
34. Gesture Recognition Market Future Outlook and Potential Analysis
35. Appendix
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