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Gesture Recognition Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2029

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The global gesture recognition market is envisioned to vale over USD 6.3 billion by 2029 end and is projected to register a CAGR of 22.5% from the forecast period 2019-2029. Factors such as increasing per capita revenue, growing technologies and the
Gesture Recognition Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2029
The global gesture recognition market is envisioned to vale over USD 6.3 billion by
2029 end and is projected to register a CAGR of 22.5% from the forecast period
2019-2029.
Factors such as increasing per capita revenue, growing technologies and the rising
digitalization of the automotive, consumer electronics and healthcare sectors. Ever
greater use of consumer electronics, Rest Internet of Things (IoT) implementation
and an increasing need for comfort and convenience in the use of products are also
boosting the market.
The upswing of consumer electronics is inflating the market. The rapid demand of
smartphones, tablets, smart tv's and cameras with in-built gesture recognition is
augmenting the market. Expansion of automotive and medical centers is also thriving
in the market. Rapid urbanization remains the key reason behind the expansion of
these industries. Rapid urbanization has led to the increasing demand for deploying
up to date technology, thus resulting in the advancement of the market.
The market is segmented into authentication type, component type, application and
by region. Component types consist of touch-based and touch fewer systems.
Currently, touch-based is dominating the growth of the market and is expected to be
the key market trends during the forecast period. Vast deployments of touch-based
recognition in laptops and smartphone remain the key reason behind the growth.
Touchless based is expected to hold significant share since it reduces the time by
utilizing touchless sensors which track the user's body gestures.
On the basis of authentication type, the market consist of fingerprint recognition,
face recognition, vision & IRIS recognition, hand & leg recognition, and others.
Fingerprint recognition is expected to hold significant share during the forecast
period. Technological advancements remain the key factor behind the expansion of
the market.
On the basis of application, the market is bifurcated into automotive, hospitality,
education and others. Automotive is expected to boost the growth of the market
during the forecast period. Advancements in automotive in the form of blind-spot
detection and reducing touch latency is positively influencing the market.
Widespread implementation of vehicle safety and intelligence is inflating the market.
In terms of region, North America remains accounts for a large share of the market.
The rapid adoption of smart technologies coupled with the rapid expansion of
automation industry remains the key factor behind the inflation of the market in the
region. Asia-Pacific is forecasted to be a lucrative region for the manufacturers. The
region is expected to witness a rising demand for consumer electronics and
advancement in healthcare infrastructure. Technological advancement in the
automotive sector is also expected to spur the market.
Some of the major companies operating in the global market are Intel Corporation,
Google Inc., Microsoft Corporation, Apple Inc., Softkinetic, Qualcomm
Technologies, Inc., GestureTek, Inc., EyeSight Technologies Ltd., Omron
Corporation and Movea SA among others.
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Global Gesture Recognition Market Segmentation:
By Component Type
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Touch-based system
Touch less system
By Authentication Type
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Finger Print Recognition
Face Recognition,
Vision & Iris recognition
Hand & Leg Recognition
Others
By Application

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Automotive
Hospitality
Others
By Region:




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North America
Latin America
Europe
Asia-Pacific
Rest of the World
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Competitive Landscape:
● Tier 1 players- established companies in the market with a major market share
● Tier 2 players
● Emerging players which are growing rapidly
● New Entrants
FutureWise Key Takeaways
● Growth Prospects
● SWOT Analysis
● Key Trends
● Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global gesture recognition market
by component type, authentication type, by application, and by region
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the rest of the world
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financial and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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