Gesture Recognition Market Analysis by Global Key Leaders 2018: Qualcomm, Intel, SoftKinetic, Texas Instruments, Infineon Technologies, Microsoft, Iris guard

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.

Market Highlights:

Gesture Recognition refers to an emerging technology that recognizes human gesture to communicate and control the electronic devices. Gesture refers to movements of hands, fingers, body and other physiological controls. This technology uses various sensors namely infrared sensors, image sensors among others to recognize and interact with the devices. Therefore, the global Gesture Recognition Market is segment on the basis of product into two segments as touch less and touch based segment.

The various application that includes education, construction, gaming and among others where gesture recognition technology are widely being used. Gesture-based technologies have the potential to be transformative technology because of its potential that are used beyond learning. They don’t just replace one form of passive learning with another, i.e. the text book with an eBook but also create endless possibilities as to how to engage the learner in a multitude of resource types and scenarios.

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Apart of automotive industry this technology is also being used in the gaming industry, unlike Microsoft Kinetic system for the Xbox game console. This device helps to detect motion from a distance of upto 10 feet. As compare to the 2D camera gesture recognition is gaining more populartity due to its enhanced results. Due to the enhanced output various process manufacturing companies are investing in gesture recognition technology, as a result of which gesture recognition is expected to become common in tablets, smartphones, and other devices in the years to come.

The global gesture recognition market is growing rapidly over ~27.58% of CAGR and is expected to reach at USD ~ 26.94 billion by the end of forecast period

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global gesture recognition Market Research Report -Forecast to 2023”.

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.

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.

Market Segmentation

The worldwide market for gesture recognition has been segmented into three equal parts. All of the three and their respective sub-segments are as below:

• Products – Touch less and touch based systems.
• Technology – 3D gesture technology, sensors and 2D gesture technology. In the technology segment, sensors dominate the market and secure the highest number of shares. In the previous year, this sub-segment generated USD 2.08 million. Over the forecast period, the market is expected to grow at the rate of 24.92%.
• Applications – IT, commercial, automotive, consumer electronics, telecom, transportation and healthcare. Out of these the consumer electronics sub-segment is expected to lead the market. It accounted for the largest share of the market in the previous years and earned around 1.06 billion. During the forecast period it is anticipated to tread forward at the CAGR of around 30.37%.

Comprehensive Regional Analysis

The gesture recognition market is not constrained in terms of region, its presence is felt all across the globe. Some of the major reasons where it is observed majorly are North America, Europe, Asia Pacific and Rest of the World.

After an in-depth study of the regional trends the research report by MRFR (Market Research Future) concluded that North America is at the forefront for this market region-wise. It has a total market share of 38.55% back in 2016 and it registered a turnover of around USD 1.85 billion in that same year. The chief reason for its success are the large scale funding programs being carried out in this area like the Visa Waiver Program (VWP). After it Asia Pacific seems to be the fastest growing region, it is projected to expand at the CAGR of 30.28% during the forecast period.

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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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