Global Gesture Recognition Market was valued at $13.1 billion in 2016 and expected to reach $43.6 billion by 2024; growing at a CAGR of 16.2% from 2016 to 2024.
In geographical segments, Asia-Pacific and RoW are expected to grow at a CAGR of 17% and 15.9%, respectively, during the forecast period.
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The global gesture recognition market is majorly driven by high penetration of smartphones and tablets, growing digitalization across industries, rising demand of gesture control features in automobiles sector. However, safety issues, rising rivalry, issues with the gesture recognition devices may hamper the growth of the market.Increasing demand for electronic devices with gesture recognition would provide growth opportunities for the market during the forecast period 2016 - 2024.
The global gesture recognition market has been categorized into technology, application, and geography. Technology segment comprises touch less gesture recognition and touch-based gesture recognition.
Application segment includes hospitality, automobile, consumer electronics, aerospace & defence, educational hubs, commercial centres, gaming, medical centres, and others. By application, the consumer electronics segment held the largest market share in 2016, driven by growing demand for gesture recognition electronic devices in the global market.
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North America, Europe, Asia-Pacific and Rest of the World (RoW) are the major regions covered in the report. In 2016, North America accounted for the largest market share of 35%, due to high penetration of smartphones, cameras, and smart TVs in the region.
In terms of growth, Asia-Pacific is to attain the fastest CAGR of 17% during the forecast period 2016-2024, owing to increased consumer demand for electronic devices, and high growth in automobile sector.
The major key players operating in the global gesture recognition market are Crunchfish, Sony, Intel, Microsoft, eyesight Technologies, ArcSoft, Samsung, SoftKinetic, PointGrab, Google Inc. among others.
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Scope of GestureRecognitionMarket
Application Type Segment
- Consumer electronics
- Aerospace & defence
- Commercial centres
- Educational hubs
- Medical centres
Technology Type Segment
- Touch-Based Gesture Recognition
- Combo Censor
- Touch Less Gesture Recognition
- Infrared 2D-Array
- North America
- South Korea
- South America
- Middle East
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