openPR Logo
Press release

Gesture Recognition Market: Increasing popularity of Consumer Electronics with Gesture Recognition to Encourage Market Growth

Gesture Recognition Market: Increasing popularity of Consumer

The world market for gesture recognition is marked with the presence of a few market players. The emphasis of those eminent market players pertaining to this market is to extract benefits of new technologies so as to improve upon their already existing products and also to expand and diversify company product portfolios.

The increasing popularity of consumer electronic gadgets that come with the capability of gesture recognition and rising and newfound applications in various industries such as automobiles, smart homes, and industrial automation. The industry of automobiles is anticipated to gain momentum and the said industry is expected to fuel the growth of world gesture recognition market in the years to come.

Report Detail: https://www.transparencymarketresearch.com/gesture-recognition-market.html

The said market is marked with the presence of extensive work on research and development and an immense flow of investment due to the presence world’s most popular and largest brands of technology. The international market for gesture recognition has experienced the constant introduction of cutting edge and innovative gesture recognition features and applications. This technology comes with the capability to enable communication between machines and humans. TMR reports that the world market for gesture recognition has reached a market valuation of around US$ 11.60 bn in the year 2015. Rising at a double digit growth rate of 16.2% over the forecast period that extends from the year 2016 and 2024, the said market is prophesied to reach a market valuation of US$ 48.56 bn by the year 2024.

North America to Offer Lucrative Growth Opportunities throughout the Forecast Period

Some of the leading global optoelectronic and technology companies are present in the region of North America. The said regional market has experienced an immense inflow of investments that is meant for the progress of the technology of touch-less and 3D gesture recognition in the last couple of years. North America also account for the largest share of revenue, almost around 35%, to the world gesture recognition market in the year 2015.

Request PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=7586

Due to the increasing usage of the technology of gesture recognition across various industries such as industrial automation, medical centers, defense, automotive, aerospace, and consumer electronics, the market in North America is prophesized to continue with it role as a prime contributor to the world market for gesture recognition from the year 2016 to 2024. The North American market is forecasted to rise at a growth rate of 15.1% CAGR over the mentioned forecast timeframe. Asia Pacific, being an emerging market is estimated to take away some of the North American share over the period of forecast. A large base of consumer who are opting for consumer electronic gadgets together with opportunities of market growth in the technically advanced automobiles sector are anticipated to fuel market growth.

Growing Demand for Gesture Recognition in the Industrial Segment to Stimulate Market Growth

Increasing adoption of the application of gesture recognition in place of touch-based control systems is prophesized to influence the international market for gesture recognition immensely. The industry of automobile is forecasted to have a positive impact on the international market for gesture recognition because more and more automobile companies are increasingly making use of gesture recognition technologies in the vehicles they manufacture.

Report TOC: https://www.transparencymarketresearch.com/report-toc/7586

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Gesture Recognition Market: Increasing popularity of Consumer Electronics with Gesture Recognition to Encourage Market Growth here

News-ID: 1167129 • Views: 243

More Releases from Transparency Market Research

Modernization and Technological Upgrades to Invite Expansive Growth Opportunitie …
The airport runway FOD systems market is anticipated to grow at a promising CAGR across the assessment period of 2019-2027 on the back of the rising incidents of aircraft damage due to foreign objects on the runway. This is a grave problem that needs to be addressed by every airport across the globe. According to Boeing, foreign object debris (FOD) accounts for US$4 bn in damage to engines and aircraft
Market Intelligence Report on Calcite Market, 2018-2028
Sales of calcite have witnessed utter proliferation in recent time, in line with the growing demand from paper and pulp sector wherein calcite is highly adopted as a coating and filler material. According to Transparency Market Research analysis, global calcite market is anticipated to register 4.7% CAGR during the study period 2018–2028. The TMR report opines that demand for calcite is highly driven by its significant properties that are paving way
Pearlescent Pigments Market Intelligence Report Offers Growth Prospects
The demand within the global pearlescent pigment market is slated to rise as new creative avenues emerge in the art and craft industry. Several artists have increased the consumption of pearlescent pigments, mainly due to the aesthetic value of these pigments in art forms. The use of these pigments can majorly be attributed to the gloss and shine imparted by these pigments to the design or craft. These pigments exhibit
Aragonite Market to Witness Steady Growth During the Forecast Period 2018-2026
Global Aragonite Market: Overview Aragonite is a carbonate mineral having an orthorhombic crystal system, and very closely resembles calcite. It is considered as the purest form of calcium carbonate. The mineral has garnered wide popularity as gemstone in various parts of the world and has promising healing properties with energy enhancing powers. Aragonite contains traces of magnesium and sand inclusion but rich in calcium carbonate, and is alkaline in nature. It

All 5 Releases


More Releases for TMR

TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
TMR - Electrical Submersible Pumps Market by 2022
A large number of prominent enterprises with strong brands currently represent the majority in the global electrical submersible pumps (ESPs) market. This provides the market with a highly competitive vendor landscape. According to Transparency Market Research (TMR), the top four companies operating in the market, comprising Schlumberger Limited, Borets Company, LLC, Baker Hughes Incorporated, and GE Oil & Gas, held over 86% of the global ESP market in 2013. In
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the