Gesture Recognition Market is expected to surpass the value of US$ 51.3 Bn by 2031

Gesture recognition is a mathematical conversion of the human movement or gesture into a machine command. The technology enables anyone to interact with a machines using human gestures and movements such as hand, finger, arm, head, or complete body movement. It enables users to operate and control devices using only their hands, without the usage of physical devices such as touch panels, keyboards, or mouse. For instance, users can, move a cursor by pointing their finger at a screen.

Read Report Overview at- https://www.transparencymarketresearch.com/gesture-recognition-market.html

The global gesture recognition market is likely to grow due to its favorable properties such as touchless control and higher safety specifically for applications in automotive and consumer electronics.

Rise in Demand for Safety and Security in Automotive Sector to Boost Demand for Gesture Recognition Technology

The global automotive sensors market is estimated to reach the value of US$ 11.7 Bn by 2023, owing to the increasing demand for safety and security in automobiles. Automotive Gesture Recognition Systems (AGRS) offer high accuracy, and enhance vehicle control and safety. These systems can use human touch or other gestures to start and complete the required activity. Increasing safety standards and initiatives to prevent driver distraction are only a few aspects to consider while designing and installing an automotive gesture recognition system.

Request a Sample- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7586

The integration of electronics in vehicles has increased due to the rising demand for additional vehicle infotainment (entertainment and informative features such as video players and GPS) and safety features (e.g., backup cameras and sensors). These new components contribute around 30% to 35% to a vehicle's total cost, which is expected to reach 50% by 2030. As gesture control is part of vehicles electronics, inclusion of electronics into vehicles would have an impact on the gesture recognition market.

The automotive gesture recognition system reads and interprets hand movements as commands using sensors, which enables the driver and passengers to interact with the car usually to control the infotainment system without touching any buttons or screens in the vehicle.

The increased demand for luxury cars equipped with modern intelligent driving assistance, infotainment, and newly incorporated safety features and electronics control units is boosting the use of automotive electronics. Consequently, automakers are focusing on incorporating new features to their vehicles, and gesture recognition is a key feature being added.

For instance, touchless sensing gesture recognition helps reduce driver distraction and improves safety. Thus, more intuitive control can be also utilized for a wider range of car functions. Maxim Integrated Products, Inc. introduced the next generation of its infrared-based dynamic optical sensor, which is able to sense a broader range of gestures at extended distances. The MAX25405 detects a wider proximity of movement and doubles the sensing range to 40 cm, as compared to earlier generations, all in a quarter of the size and at 10x lower cost than time-of-flight (ToF) camera-based systems that are utilized in automotive, industrial, and consumer applications. These enhancements offer an alternative to voice communications, thereby enabling drivers to focus on the road.

Ask References- https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=7586

Increase in Adoption of Smart Solutions in Consumer Electronics Sector

Consumer electronics, such as gaming consoles, interactive devices, digital signage, and commercial automation account for more than half of the share of the global gesture recognition market. The gesture recognition technology has been considered to be a highly successful technology, as it ultimately saves time when interacting with a device. Internet of Things, or IoT, is a developed version of the Internet that connects sensors, consumer electrical devices, and other embedded systems remote access, in addition to computers, smartphones, and tablets, in order to gather and share data. The IoT technology can also be utilized to develop a smart home concept, which includes Gesture Recognition Smart TV that provides intelligence and comfort and consequently, improves the quality of life. For instance, with Google Assistant and Alexa built in, TCL AI TVs offer an AI solution for home life. One can easily control the TV and other home devices just with your voice.

Home automation refers to the use of remote control, the internet, speech, and gestures to operate appliances. Human-computer interaction (HCI) is the technology of computers and humans understanding each other's language and creating a user-friendly interface. HCI uses wireless interface controlled by gestures, a non-verbal means of communication. The market for home automation is predicted to grow at a steady pace to reach a value of US$ 124.1 Bn by 2027, from a value of US$ 69 Bn in 2018.

Touchless Technology-based Products to Gain Prominence Globally

In terms of technology, the global gesture recognition market has been bifurcated into touch-based gesture recognition and touchless gesture recognition. The touchless gesture recognition segment held a key share of 56.7% of the global market in 2021. The segment is projected to maintain its position and grow at a considerable rate during the forecast period.

The preference for touchless gesture recognition is primarily due to the benefit of less wear & tear of the devices, as they have no contact from humans. Any gadget that can be used or operated without the use of physical contact is considered to be driven by touchless technology.

Regional Outlook of Global Gesture Recognition Market

In terms of volume, North America accounted for 34.2% share of the global gesture recognition market in 2021, due to significantly high demand for consumer electronics, which accounted for 37.80% share of the total demand for gesture recognition across North America.

Asia Pacific and Europe are also witnessing higher penetration of gesture recognition, and the regions held shares of 29.10% and 22.10%, respectively, of the global market in 2021. Consumer electronics, automotive, and industrial automation are rapidly growing application segments of the gesture recognition market in these regions.

The penetration of the gesture recognition technology in Middle East & Africa is slower than that in South America. The market in South America is expected to grow at a faster pace than the market in Middle East & Africa.

Make an Enquiry Before Buying- https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=7586

Analysis of Key Players in Global Gesture Recognition Market

The market is characterized by intensive research & development activities and extensive influx of investment, owing to the presence of some of the world's largest and most popular technology brands. The market has witnessed continuous introduction of innovative and cutting-edge gesture recognition applications and features, which promise to empower the communication between humans and machines. Diversification of product portfolios and mergers & acquisitions are major strategies adopted by key players.

Gesturetek, Microsoft Corporation, Sony Corporation, Intel Corporation, Apple Inc., Ultraleap Limited, Cognitec Systems GmbH, and Microchip Technology Inc. are the prominent entities operating in this market.

TMR Latest News Publication:

LED Secondary Optic Market- https://www.transparencymarketresearch.com/led-secondary-optic-market.html

Electro-Optic Modulators Market- https://www.transparencymarketresearch.com/electro-optic-modulators-market.html

Substation Automation Market- https://www.transparencymarketresearch.com/substation-automation-market.html

Smart Power Distribution Systems Market- https://www.transparencymarketresearch.com/smart-power-distribution-systems-market.html

Metrology Services Market- https://www.transparencymarketresearch.com/metrology-services-market.html

Automated Test Equipment (ATE) Market- https://www.transparencymarketresearch.com/automated-test-equipment-market.html

Passive Optical LAN (POL) Market- https://www.transparencymarketresearch.com/passive-optical-lan-market.html

Electricity Meters (Smart Meters) Market- https://www.transparencymarketresearch.com/smart-meters-market.html

Contact Us:

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

About Transparency Market Research

Transparency Market Research is a global market research reports company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.