Gesture Recognition Market 2018 Global Leaders Analysis: Qualcomm, SoftKinetic, Texas Instruments, Intel, Omron, Infineon Technologies, Iris guard, Prime Sense Limited

Market Research Future published a research report on “Gesture Recognition Market Research Report- Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Gesture Recognition – Market Synopsis

The 21st century is witnessing an all-time high demand for digitalization of electronics. This demand has given the global gesture recognition market a much needed push. According to the research report published by MRFR (Market Research Future), this market is currently in one of its best phases and during the forecast span of 2017-2023, it will touch new heights of success.

Gesture recognition is a technology that can help recipients protect their privacy. It helps individuals to control the access to any of their smart devices by using body movements and gestures.

The Gesture Recognition Market is anticipated to witness remarkable growth in the coming years as the digital revolution is at its peak as of right now and new technologies are adopted fairly quick. The revenue scale is expected to skyrocket by the end of the forecast period. Even the CAGR looks encouraging and supports this estimation.

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The gaming industry is currently obsessed with the motion-control technology. This works in the favor of the market as this phenomenon has heightened the demand for recognition- based gaming consoles. Furthermore, it is also being taken as a green signal for the emergence of gesture recognition in gaming.

Rapid technological advancement is another aspect that positively influences the market’s expansion. Countless technology assisted devices like laptops, smartphones, gaming consoles and television sets have started inculcating gesture recognition to enhance the product’s output. An additional factor that further fosters the growth of the market is the craze amongst customers for this technology.

Segmentation:

The global gesture recognition market is segmented on the basis of technology, product, application and region. On the basis of technology the segment is further classified into sensors, 2D gesture technology and 3D gesture technology. On the basis of product the segment is further classified into touch less and touch based system. The gesture recognition technology is having wide area of application such as automotive, healthcare, transportation, IT, commercial, telecom and many more.

Key Players

Some of the key players in the market are Microsoft Corporation (U.S.), Intel Corporation (U.S), Apple Inc. (U.S), Iris guard (Jordan), Qualcomm Inc.(U.S), Prime Sense Limited (Isreal), Omron Corporation (Japan), SoftKinetic (Belgium), Texas Instruments (U.S.), Infineon Technologies (Germany) and others.

Regional Analysis:

The regional analysis of active electronic components market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is dominating the market of Gesture Recognition, By Region with market share of 38.55% in the year 2016 and has been valued at USD 1.85 billion in the year 2016. This is mainly driven by large-scale funded programs such as the Visa Waiver Program (VWP) that enable people from certain countries to travel to the U.S. without a visa. Asia Pacific has emerged as fastest growing market with 30.28% of CAGR and is expected to reach at market size of USD 7.10 billion by the end of forecast period. The developing countries in the APAC region have a huge growth potential and provide a favorable environment for product manufacturers. Hence, the touch less sensing market in APAC is expected to grow at the highest rate during the forecast period.

Key Findings:

• By technology, sensors holds the major market share and has generated USD 2.08 Billion and is expected to grow at 24.92% CAGR through the forecast period.
• By application, consumer electronics holds the major market share and generated 1.06 Billion and is expected to grow at 30.37% CAGR through the forecast period.
• Asia Pacific has emerged as fastest growing market with 30.28% of CAGR and is expected to reach at market size of USD 7.10 billion by the end of forecast period.

Industry News

Google recently acquired a small gesture recognition startup called Flutter. This company is renowned for letting the webcam detect motion instead of a completely new device. Flutter can enable recipients to control their computers using gestures that are identified through webcams. This acquisition will prove to be beneficial for the market in the upcoming years.

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Intended Audience:

• Component and equipment suppliers
• Original equipment manufacturers (OEMs)
• Original design manufacturers (ODMs)
• Installers and maintenance service providers
• Research organizations
• Component integrators
• Technology providers

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This release was published on openPR.