15.2% CAGR growth by 2023 in Gesture Recognition Market| Key Vendors - GESTURETEK INC., INTEL CORPORATION, APPLE INC., MICROSOFT CORPORATION, GOOGLE INC., SOFTKINETIC SA, CRUNCHFISH AB, SONY CORPORATION, amongst others

Market Analysis:

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.

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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. 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. 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.

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Market Segments:
Gesture Recognition Market is segmented by:
1. Technology: Touch-based Gesture Recognition, Touchless Gesture Recognition
2. Industry: Automotive, Healthcare, Consumer Electronics, Gaming, Aerospace & Defense, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

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.

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