3D Gesture Recognition Value Chain and Stakeholder Analysis by 2025
For the purpose of doing in depth analysis, the 3D gesture recognition market has been segmented on the basis of technology, end user and by geography. Based on the technology the market has been segmented mainly into two types, they are like touch less gesture recognition and touch based gesture recognition. By end user 3D gesture recognition market has been segmented mainly into six types they are like automotive, healthcare, consumer electronics, defense, media & communication and others. The consumer electronics industry has been further segmented on the basis of usage in different devices they are like laptops, tablets, smart phone, smart TV, head mount display among others. Furthermore, this report will also provide cross functional analysis of all the above mentioned segments across different regions such as Europe, North America, Asia Pacific, Middle East and Africa and Latin America.
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Continuously growing demand of the 3D gesture-enabled product, like smartphone, laptop and tablets, smart TV has boosted the growth of 3D gesture recognition market and acting is one of the main driving factors for the growth of gesture recognition systems. Growing usage of gesture recognition systems in automotive industry with growing application in automotive gesture recognition system (AGAS) is also driving the market for 3D gesture recognition systems. Enhanced consumer experience in various application offered by the 3D touchless gesture recognition system and suitability for the car driver is driving the 3D gesture recognition market. Leveraging multiple image sensors, 3D gesture recognition cameras used to generate data which represents three dimensional spaces all around the device; researchers have developed products which transform this collected data into different meaningful operations. This growing application of three dimensional space in consumer electronics is driving the market during the forecast period from 2017 to 2025. In addition to that rapid growth of embedded vision algorithm which uses cameras for the purpose of detecting and interpreting fingers is also expected to drive the market in the forecast period.
Irrelevant object overlapping with 3D gesture recognition and wrong object extraction is expected to act as a restraining factor for the 3D gesture recognition market from achieving its full potential. Long learning hours and large difference in recognizing both registered and unregistered human beings is acting as a restraining factor in the growth of 3D gesture recognition market. Key players in this market are simultaneously focusing on the development of various dynamic recognition methods based on orientation histograms.
By end user, the smart phone market held the largest market share because of augmented environment with the visual information and support for arbitrary services to support multitouch. However, the healthcare industry is expected to achieve the highest compound annual growth during the forecast period. Interface with computers, increased usability and intuitive interaction in the consumer electronics industry makes it the most appropriate choice for various mobile security applications.
Geographically, the 3D gesture recognition market is mainly driven by Asia Pacific region. Growing demand of 3D gesture enabled products in smartphone, tablets and smart TVs is driving the market in Asia Pacific region. Rapidly growing demand in touchless sensors market is expected to drive the 3D gesture recognition market rapidly. This region is expected to maintain its dominance in the market during the forecasted period from 2017-2025 owing to its growing demand in the automotive, consumer electronics and healthcare industry.
Some of the leading players operating in the 3D gesture recognition market includes Infineon Technologies AG (Germany), eyeSight Technologies(Israel), Cognitec Systems (Germany), Crossmatch (The U.S.),Elliptic Lab (Norway),Google, Inc. (The U.S.),Apple, Inc. (The U.S.), PointGrab (Israel), PMD Technologies AG (Germany), OmniVision Technologies (The U.S.),Microsoft Corporation (The U.S.) among others.
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