Description for the Worldwide Market of Gesture Recognition:
Gesture recognition technology has made its debut in the consumer
electronics industry with increasing technological advancements and
the rising application of gesture recognition technology to a wide
range of products. For example, in February 2015, a leading developer
of advanced digital imaging solutions named OmniVision Technologies,
Inc. collaborated with eyeSight Technologies Ltd. with the intention
of bringing gesture recognition technology to a vast array of
applications. Development of 3D Vision and gesture tracking
technology is expected to have a huge impact on the gesture
recognition market in the short, medium, and long term.
Global gesture recognition market was valued at USD 11.60 billion in
2015 and anticipated to reach USD 48.56 billion by 2024 at a CAGR
16.2% from 2016 to 2024. Growing prominence of 2D gesture recognition
technology in the consumer electronics segment coupled with
increasing adoption of gesture recognition solutions in the
automotive industry is driving the market for gesture recognition at
the global level.
User-friendliness of gesture recognition enabled devices along with
growing application of gesture recognition solutions in healthcare,
retail sector, and factories are some of the major factors
contributing to the growing popularity of gesture recognition
technology at the global level.
The companies involved in gesture recognition are concentrating on
product innovation through research and development along with
mergers and acquisitions to strengthen its foothold in the gesture
recognition industry. Some of the major players involved in the
gesture recognition market are Apple Inc. (U.S.), Google Inc. (U.S.),
GestureTek, Inc. (U.S.), Intel Corporation (U.S.) and Cognitec
Systems GmbH (Germany), Crunchfish AB (Sweden) among others.
Rising application of smart gesture control solutions in the
automotive sector along with the increasing popularity of gesture
recognition-enabled gaming consoles is strengthening the growth of
the global gesture recognition market. Moreover, increasing
application of gesture recognition solutions in commercial centers is
among the major contributing factors behind the growing popularity of
this market globally.
Download Technical Analysis Report of Gesture Recognition
Technology:
Furthermore, devices enabled with advanced technology such as
presence detection and gesture sensing applications are gaining
momentum in the aerospace and defense sectors. Smart devices that
recognize hand gestures and body movements are gaining popularity in
the field of aerospace and defense since no advanced training is
needed to operate them. In addition, hand and body gesture control
systems are gaining popularity in medical centers due to rapid
advancements in operation procedures, which is boosting the market
for gesture recognition solutions globally.
Gesture recognition market in developing geographies such as Asia
Pacific and Latin America is expected to witness positive growth
during the forecast period. Due to increasing application of gesture
recognition technology in touch less sanitary equipment and biometric
systems are factors influencing the growth of this market in Asia
Pacific. Furthermore, increasing awareness about technological
advancement coupled with product innovation is driving the market for
gesture recognition in the Rest of the World.a
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