Press release
Gesture Recognition Market Size Forecasted To Achieve $70.28 Billion By 2029 With Steady Growth
Gesture Recognition
What Is the Gesture Recognition Market Size and Projected Growth Rate?
In recent years, the size of the gesture recognition market has seen significant expansion. It is expected to increase from a figure of $23.37 billion in 2024 to $28.23 billion in 2025, presenting a compound annual growth rate (CAGR) of 20.8%. The growth experienced in the historic period is due to factors such as the adoption of touchless interfaces for hygiene purposes, high demand in the gaming industry, use in healthcare applications, features enhancing accessibility, and applications in the industrial and enterprise sectors.
The market for gesture recognition is poised for massive expansion in the upcoming years, with projections placing its worth at $70.28 billion in 2029, reflecting a compound annual growth rate (CAGR) of 25.6%. This anticipated growth during the forecast period is largely due to increased applications in retail settings, public areas and kiosks, automotive use, and the booming entertainment sector, particularly in the domain of gesture-based healthcare monitoring. Several key trends for the forecast period involve its integration in consumer electronics, gaming, virtual reality (VR), as well as in the industrial, manufacturing, education, and training sectors. There is also a growing interest in security, authentication, and the development of gesture recognition software kits.
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What Are the Major Segments in the Gesture Recognition Market?
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
Subsegments:
1) By Online Gesture: Real-Time Gesture Recognition, Gesture Tracking And Analysis
2) By Offline Gesture: Pre-Recorded Gesture Recognition, Gesture Database And Pattern Recognition
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What Are The Driving Gesture Recognition Market Evolution?
The expansion of digitalisation is spurring on the advancement of the gesture recognition market. Numerous businesses and institutions are implementing biometric technologies aiding in the digital transformation of their comprehensive processes. Biometrics is an analytical approach that identifies people's gestures by studying their physical or behavioural characteristics. These are utilized in various applications like mobile phones, laptops, and screenings. The growing popularity of biometrics stems from businesses acknowledging the advantages of biometric technologies regarding security and operational efficiency. As per Imageware, an enterprise from the US specialising in biometric identification and authentication solutions, the worldwide biometric technology is projected to reach a value of $55.42 billion by 2027. Hence, the rapid advancement in digitalisation is propelling the growth of the gesture recognition market.
Which Firms Dominate The Gesture Recognition Market Segments?
Major companies operating in the gesture recognition market include Apple Inc., Intel Corporation,Microchip Technology Inc.,Qualcomm Technologies Inc., Synaptics Inc., Google LLC, GestureTek, PointGrab Ltd., Ultraleap Ltd., Oblong Inc.,Sony Corporation,EyeSight Technologies,Omron Corporation,Elliptic Labs,GestureTek, Crunchfish AB,XYZ Interactive Technologies Inc., Pebbles Interfaces, Vayyar Imaging Ltd., Intel RealSense Technology, Gestoos,Gestigon GmbH, pmdtechnologies ag
What Trends Are Expected to Dominate the Gesture Recognition Market in the Next 5 Years?
The rise in technological innovation is a dominant trend amassing recognition in the gesture recognition industry. The primary companies operating in the sphere of gesture recognition are honing in on introducing fresh technological solutions to satisfy consumer needs and fortify their market standing. STMicroelectronics, a semiconductor firm rooted in Switzerland, unveiled a touchless gesture-powered control system, named STGesture, in July 2022. This system is tailored for elementary, cost-effective consumer and commercial applications. It is a supplementary software for the company's VL53L5CX Time-of-Flight (ToF) ranging sensor, allowing for elementary gesture identification. Tap and swipe movements can be detected with the VL53L5CX proximity ToF sensor.
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Which Is The Largest Region In The Gesture Recognition Market?
North America was the largest region in the gesture recognition market in 2024. The regions covered in the gesture recognition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Gesture Recognition Market?
2. What is the CAGR expected in the Gesture Recognition Market?
3. What Are the Key Innovations Transforming the Gesture Recognition Industry?
4. Which Region Is Leading the Gesture Recognition Market?
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Wiseguyreports.Com Adds “Gesture Control Interfaces -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database
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