Gesture Recognition Market By Technology (Touch-based Gesture Recognition, Touchless Gesture Recognition), By Industry Vertical (Automotive, Consumer Electronics, Healthcare, Gaming, Aerospace and Defense, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Gesture recognition is the process of identifying and interpreting human gestures through technology, such as computer vision or sensor-based devices. This involves capturing and analyzing the movements of the body, face, or hands to interpret a user's intentions or commands. There are many potential applications for gesture recognition technology, such as in gaming, virtual reality, robotics, healthcare, and accessibility. For example, gesture recognition can be used to control a computer or video game using hand movements, to interact with a virtual reality environment using body gestures, or to assist individuals with disabilities in performing daily tasks using facial expressions or other gestures.
Increase in demand for contactless interfaces and rise in popularity of gaming applications are factors expected to drive the growth of the market. In addition, the increase in usage of smart devices in various industries is also projected to boost the growth of the gesture recognition market. However, high development and implementation costs and high battery power consumption by gesture recognition components are predicted to limit the growth of the market. On the contrary, the growing demand for augmented and virtual reality applications is anticipated to provide numerous opportunities for the expansion of the market during the forecast period.
The global gesture recognition market is segmented into technology, industry vertical, and region. By technology, it is classified into touch-based gesture recognition and touchless gesture recognition. Based on industry vertical, it is bifurcated into consumer electronics, gaming, healthcare, automotive, aerospace & defense, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global gesture recognition market is dominated by key players such as Amazon Web Services, Inc., Apple Inc., Google LLC, Hitachi Ltd., IBM Corporation, Microsoft Corporation, Qualcomm Technologies, Inc., Orbbec, Intel Corporation, GestureTek Technologies, LTU Technologies, Cipia (Eyesight Technologies Ltd.), Infineon Technologies AG, and Microchip Technology Incorporated. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERSThe study provides an in-depth analysis of the global gesture recognition market forecast along with the current & future trends to explain the imminent investment pockets.
information about key drivers, restraints, & opportunities and their impact analysis on global gesture recognition market trends is provided in the report.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2022 to 2031 is provided to determine the market potential.
Key Market SegmentsBy TechnologyTouch-based Gesture Recognition
Touchless Gesture Recognition
By Industry VerticalAutomotive
Consumer Electronics
Healthcare
Gaming
Aerospace and Defense
Others
By RegionNorth America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Apple Inc.
Google LLC (Alphabet)
Hitachi Ltd.
IBM Corporation
Qualcomm Technologies, Inc.
Orbbec
Intel Corporation
GestureTek Technologies
Microchip Technology Incorporated
Infineon Technologies AG
Microsoft Corporation
LTU technologies
Amazon.com, Inc.
Cipia Vision Ltd. (Formerly known as Eye Sight Technologies Ltd.)
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