Global Pose Estimation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Pose Estimation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Pose estimation is a computer vision technique that predicts and tracks the location of a person or object. This is done by looking at a combination of the pose and the orientation of a given person or object.

Market Overview:

The latest research study on the global Pose Estimation market finds that the global Pose Estimation market reached a value of USD 86.49 million in 2022. It’s expected that the market will achieve USD 157.98 million by 2028, exhibiting a CAGR of 10.56% during the forecast period.

Under the COVID-19 circumstances, social distancing is of great importance since it reduces mobility that can cause COVID-19 spread. And the Pose Estimation technology has increasingly found its role under this special time.

Pose Estimation is a machine learning technique that automates tasks such as tracking venue capacity, entrance, exit and queue counts, and estimating social distance.

Companies have had to deal with stringent requirements for capacity and social distance that are typically addressed through manual monitoring and counting. The cost of scaling creates an immediate need for accurate automation of these tasks, and pose estimation is one technology that can provide this and more.

In addition, social distance applications that combine human pose estimation and distance prediction heuristics now exist to encourage individuals to maintain physical distance from each other during epidemics.

Moreover, coronavirus pandemic keeping people away from gyms, and human pose estimation can help people improve their health and get through these hard times. Therefore, the COVID-19 has exerted a certain positive impact on the Pose Estimation Market.

Political Factors

These factors determine the extent to which a government may influence the economy or a certain industry. For example, a government may impose a new tax or duty due to which entire revenue generating structures of organizations might change. Political factors include tax policies, Fiscal policy, trade tariffs etc. that a government may levy around the fiscal year and it may affect the business environment (economic environment) to a great extent.

Any of the above factors can affect Pose Estimation industry, because it affects all walks of life. Overall, there are so many political factors that affect the Pose Estimation industry. Changes in government systems and political regulation of the market can cause favorable or unfavorable fluctuations from time to time. However, apart from lobbying, political factors are generally out of the control of companies. Still, the importance of this can be understood from the fact that companies move their production sites to countries with lax regulations related to wages. Companies must manage their costs, and political factors can play an important role in this regard.

Economic Factors

Economic factors have a significant impact on how an organization does business and also how profitable they are. Factors include – economic growth, interest rates, exchange rates, inflation, disposable income of consumers and businesses, and so on.

These factors can be further broken down into macro-economic and micro-economic factors. Macro-economic factors deal with the management of demand in any given economy. Governments use interest rate control, taxation policy, and government expenditure as the main mechanisms they use for this.

The opportunities faced by the stage of economic development as a variable factor profoundly affects the competitive advantage of a country's industry. In terms of the country, consumer electronics, urban and rural infrastructure development, and various forms of services are important areas driving economic growth.

Region Overview:

In 2022, the share of the Pose Estimation market in North America stood at 34.79%.

Company Overview:

Wrnch is one of the major players operating in the Pose Estimation market, holding a share of 9.33% in 2023.

Wrnch

Wrnch Inc. operates as a provider of computer vision tools. The Company offers uses deep learning to develop and provide tools and software development kits that enable computers to see and understand human movement and activity. Wrnch also uses its advanced work in pose estimation technologies to establish ties with major entertainment and communications companies.

Google

Google LLC is a global technology company specializes in internet-related services and products. The Company is primarily focused on web-based search and display advertising tools, search engine, cloud computing, software, and hardware.

Segmentation Overview:

As for product types, the 3D segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Commercial, with a market share of 46.52% in 2022.

Key Companies in the global Pose Estimation market covered in Chapter 3:

Morpho
Microsoft
GlobalWalkers
Google
BeyondMinds
Fritz AI
Hacarus
Always AI
IBM
Xyonix
Wrnch

In Chapter 4 and Chapter 14.2, on the basis of types, the Pose Estimation market from 2018 to 2029 is primarily split into:

2D
3D

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Pose Estimation market from 2018 to 2029 covers:

Commercial
Research Institute
Personal Use

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)