Gesture Recognition Market to Grow at 24.88% During 2022-2027 | IMARC Group

According to IMARC Group's latest report, titled "Gesture Recognition Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027, The global gesture recognition market size reached US$ 10.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 38.6 Billion by 2027, exhibiting a growth rate (CAGR) of 24.88% during 2022-2027.

Gesture recognition is a computing process that recognizes and interprets human gestures through the use of mathematical algorithms. It uses computer vision technology and deep learning algorithms to understand the underlying pattern, interpret sign language, and deploy it on the cloud for enhanced scalability and computing power. The motion sensors in gesture recognition technology perceive and interpret movements as the primary source of data input and provide the computer with an alternative user interface for real-time data. Gesture recognition is designed to increase the interaction between humans and computers through the use of touch screens, cameras, and peripheral devices.

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Market Trends

The market is primarily driven by the increasing demand for advanced methods of contact-free authentication. As a result, gesture recognition technology is widely adopted across various end use industries, including automotive, consumer electronics, and healthcare, for performing contactless tasks. For instance, gesture recognition offers contactless navigation of X-ray displays and magnetic resonance imaging (MRI) in the healthcare industry. In addition to this, the market growth is also supported by the development of prototypes that are easy to use and understand and more cost-effective than traditional interface devices like keyboards and mouse. Moreover, the integration of the Internet of Things (IoT) and the shift towards e-learning solutions are also propelling the market growth. Furthermore, rapid digitization, inflating per capita income, rising use of smart devices and customization in the automotive industry are some of the other factors increasing the demand for gesture recognition systems.

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List of Key Companies Covered in this Market Report:

Apple Inc.
Cognitec Systems GmbH
EyeSight Technologies Ltd
Infineon Technologies AG
Intel Corporation
Microchip Technology Incorporated
Microsoft Corporation
QUALCOMM Incorporated
Sony Corporation
Synaptics Incorporated

The report has segmented the market on the basis of technology, end use industry and geography.

Breakup by Technology:

Touch-Based
Touchless

Breakup by End Use Industry:

Consumer Electronics
Automotive
Aerospace and Defense
Healthcare
Others

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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