Gesture Recognition Market Size, Share and Global Trend By Technology (Touch-based & Touchless), By Industry Vertical (Agriculture, Healthcare, Manufacturing and others) and Geography Forecast till 2023-2030

According to Technology magazine org, hand gesture and fingerprint authentication market has estimated to valued at over US$ 1,400 Mn in 2018. Further, increasing applications in the fields of industrial automation, smart homes automations, and self-driven automobiles are expected to drive the growth of the global gesture recognition market in the forecast period. Gesture Recognition device is used for identifying the physical movements, motion, or “gestures,” of humans.

 These gestures include waving certain body parts such as hands, feet, head, and others in a particular pattern in front of the device and helps to launch and operate specific application without physically touching them. Technically, gesture recognition is a combination of computer analytics and language technology aiming to identify human gestures via scientific and mathematical algorithms. Gestures help to control mixed reality environments, complex robotic systems, smart home appliances, and medical equipment in operating rooms.

To gain extensive insights into the market, Request for Customization

 AI is an essential factor to drive the growth of the gesture recognition market. According to a report published by the IDC, investment in AI technology is projected to exceed US$ 125 Bn by 2024. For instance, in 2018, Microsoft Corporation introduced GesturePod, a programme equipped with AI features for AR (Augmented reality) assistive devices. This programme helps to manage a smartphone without touching or removing the phone from a pocket or bag. GesturePod achieves more than 92% gesture recognition accuracy and could significantly reduce the time taken for smartphone tasks.

KEY PLAYERS COVERED

Some of the major players in gesture recognition market include Elliptic Laboratories A/S, Eyesight Technologies Ltd, Fibaro Group SA, GestureTek Inc., Intel Corporation, Jabil Inc., Leap Motion Incorporation, Microchip Technology Incorporated, Apple Inc., Microsoft Corporation, Pyreos Limited, Sony Corporation, and Thalmic Labs Inc., among others.

SEGMENTATION

REGIONAL ANALYSIS

North America is expected to lead the gesture recognition market due to the presence of primary vital players such as Intel Corporation, Microsoft Corporation, Microchip Corporation, Apple Incorporation, which are continuously innovating the technology of gesture recognition. For instance, in 2018, Apple Inc., provided 3D camera enabled with HMI (Human-machine Interaction) in smartphones for depth mapping that is used for advanced gesture control. The US is also receiving extensive investments for development of 3D gesture and touchless technology. Furthermore, Asia-Pacific is expected to be the fastest growing region in the gesture recognition market during the forecast period. Countries like China, India, and Japan are focusing on the OEMs to implement the gesture recognition technology in their products such as smartphones, cameras, and laptops, which results in the growth of gesture recognition market.