The Gesture Recognition by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Gesture Recognition , 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 ..
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.
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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
Technological advancement is a key trend gaining popularity in the gesture recognition market. Major companies operating in the gesture recognition market are focused on developing new technological solutions to meet consumer demand and strengthen their position. In July 2022, STMicroelectronics, a Switzerland-based semiconductor company has launched a touchless gesture-based control system for straightforward, budget-conscious consumer and commercial applications. The system is called STGesture and is a companion software for the company’s VL53L5CX Time-of-Flight (ToF) ranging sensor. The software enables basic gesture recognition with the VL53L5CX proximity ToF sensor and can detect tap and swipe movements.
The gesture recognition market report table of contents includes:
1. Executive Summary
- Gesture Recognition Market Characteristics
- Gesture Recognition Market Trends And Strategies
- Gesture Recognition Market – Macro Economic Scenario
- Global Gesture Recognition Market Size and Growth
. - Global Gesture Recognition Market Competitive Benchmarking
- Global Gesture Recognition Market Competitive Dashboard
- Key Mergers And Acquisitions In The Gesture Recognition Market
- Gesture Recognition Market Future Outlook and Potential Analysis
- Appendix
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