Gesture Recognition Market at a CAGR of 27.9%; Dominated by Top Competitors (Gesturetek, Intel, Microsoft, Elliptic Laboratories A/S, Sony, Leap Motion Incorporation, Microchip Technology Incorporated)

The global gesture recognition market was valued at USD 5.42 billion and expected to reach USD 23.55 in 2023 at a CAGR of 27.9% over the forecast period. Gesture recognition, along with voice recognition, facial recognition, lip movement, and eye tracking recognition, is a component of perceptual user interface (PUI). The goal of PUI is to improve the efficiency and ease of use, for the underlying design of a program. Gesture recognition is an important aspect of smartphones. Consumer awareness has led to an increasing demand for better and advanced technology, for efficient usage. Gesture recognition is being used in smart phones, personal computers, and gaming devices. In smartphones, it is used in different ways by different OEMs. For example, Motorola uses gesture recognition for some devices in such a way that when a hand is waved on top of the screen, the screen becomes active, or the camera app starts functioning at a double twist. Lenovo, the parent company of Motorola, uses the software in a different way, and double tapping the phone screen makes the display active.

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Major Players:

GESTURETEK INC., INTEL CORPORATION, MICROSOFT CORPORATION, ELLIPTIC LABORATORIES A/S, SONY CORPORATION, LEAP MOTION INCORPORATION, MICROCHIP TECHNOLOGY INCORPORATED, THALMIC LABS INC, FIBAR GROUP S.A., PYREOS LIMITED, EYESIGHT TECHNOLOGIES LTD, and JABIL INC, amongst others.

Key Developments in the Market

• December 2017 - Sony launched back-illuminated, time-of-flight (ToF) image sensor, which delivers high resolution depth maps in high degrees of accuracy from a close distance.
• June 2017 - Omron Corporation launched super-sensitive MEMS thermal sensor with narrow-field version, particularly designed for providing accurate non-contact measurements of objects.
• March 2017 - Microsoft announced that the Windows Mixed Reality developer kits would be shipped from then onward.
• February 2017 - Infineon Technologies collaborated with XMOS Ltd, to provide new building block for voice recognition, which also has a combination of radar and silicon microphone sensors.

Development of Motion Control Gaming Driving the Market

The gaming industry is one of the major contributors to the global market. The gaming industry can be categorized into console gaming and PC gaming. PC gaming does not make much use of motion control gaming, when compared to consoles. The three major console developers, Microsoft, Sony, and Nintendo, bundle and sell gesture recognition devices along with the console. Through the use of accelerometers and gyroscopes, many third-party developers have produced motion control gaming for smartphones, over the past. This trend seems to be growing stronger than ever, as the limitations of smart phones keep on decreasing. The most notable game to make use of gesture recognition was u2018Temple Run’. This prompted more and more developers to make similar games. Lately, Poku00e9mon Go, an augmented reality game that relies on motion control, received much acclaim worldwide and was one of the most played mobile games of all time. Technological advancements have led to the development of virtual reality, augmented reality, and mixed reality headsets, which rely heavily on gesture controls. The number of motion control games is poised to increase further, with the availability of VR and MR headsets.

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Gaming Consoles Expected to Dominate the Market Landscape

Technological advancements have enabled several major companies in the media & entertainment industry to explore the technology of gesture recognition, offering a platform to develop interactive and unique technologies. Such developments have paved the way for a whole new world of gaming, for various types of gamers worldwide. Microsoft and Sony are two key companies which introduced their gesture recognition products, called the Kinect for Xbox One and PlayStation Move, through which motion games (such as Kinect Sports Rivals) can be played. Owing to this technology, many organizations, game developers, and third-party app developers have started developing games or apps that can support the technology, indirectly boosting the growth of this market.

North America Dominating the Market

Owing to the increasing adoption of the technology in various industries, such as media & entertainment, healthcare, and others, North America has been the major contributor toward the revenue generated by the global market, during the last few years. The demand for the technology in this region is expected to witness a healthy growth during the forecast period. The United States is one of the largest markets for the media & entertainment industry. Many major companies that make use of the technology are based out of the United States, like Microsoft, whose product, the Microsoft HoloLens, is a breakthrough in the mixed reality technology. The HoloLens relies heavily on the implementation of gesture recognition. Owing to the demanding tasks of the manual operation of machineries, gesture recognition is being planned to be implemented in the industrial sector. Increasing application of gesture recognition solutions in the industrial sector is expected to result in a significant impact on the gesture recognition market.

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