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Gesture Recognition Market Report 2024 - Analysis, Competition, Forecasts And Opportunities, 2024-2033

06-18-2024 06:47 AM CET | IT, New Media & Software

Press release from: The Business research company

Gesture Recognition Market Report

Gesture Recognition Market Report

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Gesture Recognition Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $55.33 billion In 2028 At A CAGR Of 23.4% :

The gesture recognition market size has grown exponentially in recent years. It will grow from $19.56 billion in 2023 to $23.86 billion in 2024 at a compound annual growth rate (CAGR) of 21.9%. The growth in the historic period can be attributed to touchless interfaces for hygiene, gaming industry demand, healthcare applications, accessibility features, industrial and enterprise applications..

The gesture recognition market size is expected to see exponential growth in the next few years. It will grow to $55.33 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%. The growth in the forecast period can be attributed to expanded use in retail environments, public spaces and kiosks, expanded automotive use cases, growth in entertainment industry, gesture-based healthcare monitoring.. Major trends in the forecast period include integration in consumer electronics, gaming and virtual reality (vr), industrial and manufacturing applications, education and training solutions, security and authentication, gesture recognition software development kits ..

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Gesture Recognition Market Major Segments
The gesture recognition market covered in this report is segmented -

1) By Type: Online Gesture, Offline Gesture
2) By Technology: Touch-Based, Touchless
3) By Authentication Type: Finger Print Recognition, Face Recognition, Vision And IRIS Recognition, Hand And Leg Recognition
4) By Industry: Automotive, Consumer Electronics, Sports, Healthcare, Advertisement And Communication, Aerospace And Defense, Government, Other Industries

Key Driver - Rapid Digitalization Fuels Growth In The Gesture Recognition Market

The growing digitalization is propelling the growth of the gesture recognition market. Many companies and organizations are adopting biometrics solutions that help in the digitalization of large processes. Biometrics s a scientific method of identifying a person's gestures by measuring their physical and/or behavioral features that are used for different applications like mobiles, laptops, and screenings. The rise of biometrics is increasing due to businesses realizing the benefits of biometric technologies in terms of security and ease of their operations. According to Imageware, a US-based biometric identification and authentication solutions company, global biometric technology is expected to reach $55.42 billion by 2027. Therefore, the growing digitalization is driving the gesture recognition market growth.

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Prominent Trend - Technological Advancements Enhance Gesture Recognition Market Presence

Technological advancement is a key trend gaining popularity in the gesture recognition market. Major companies operating in the gesture recognition market are focused on developing new technological solutions to meet consumer demand and strengthen their position. In July 2022, STMicroelectronics, a Switzerland-based semiconductor company has launched a touchless gesture-based control system for straightforward, budget-conscious consumer and commercial applications. The system is called STGesture and is a companion software for the company's VL53L5CX Time-of-Flight (ToF) ranging sensor. The software enables basic gesture recognition with the VL53L5CX proximity ToF sensor and can detect tap and swipe movements.

Gesture Recognition Market Players
Major companies operating in the gesture recognition market report are Apple Inc.,SALTO Systems S. L., Intel Corporation,Microchip Technology Inc.,Qualcomm Technologies Inc., Synaptics Inc., Google LLC, GestureTek, IrisGuard UK Ltd., PointGrab Ltd.,Cipla Limited, HID Global, Ultraleap Ltd., iProov Limited,Oblong Inc.,Sony Corporation,EyeSight Technologies,Omron Corporation,Elliptic Labs,GestureTek, Crunchfish AB,XYZ Interactive Technologies Inc.,GestureTek Health,Ultraleap,Pebbles Interfaces, PointGrab Ltd.,Vayyar Imaging Ltd.,Cognitec Systems GmbH,Intel RealSense Technology,Synaptics Incorporated,Gestoos,Gestigon GmbH,OMRON Electronics,pmdtechnologies ag

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/gesture-recognition-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the gesture recognition market in 2023. The regions covered in the gesture recognition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Gesture Recognition Market Report Structure
3. Gesture Recognition Market Trends And Strategies
4. Gesture Recognition Market - Macro Economic Scenario
5. Gesture Recognition Market Size And Growth
…..
27. Gesture Recognition Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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