The Worldwide Gesture Recognition Industry is Expected to Reach $14 Billion by 2026 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Gesture Recognition Market” report has been added to ResearchAndMarkets.com’s offering.
The Global Gesture Recognition Market is estimated to be USD 6.9 Bn in 2021 and is expected to reach USD 14.18 Bn by 2026, growing at a CAGR of 15.50%
The Global Gesture Recognition Market is estimated to grow as the demand increases for connecting with Automotive Industry; growing digitization, low technical complexity, customer experience advancement will drive the market to grow effectively. Also, technological improvement with the integration of multiple devices and technologies with gesture control creates opportunities to grow the market in the future. On the other hand, high-power consumption by gesture-related products is a significant restraint for the market.
Furthermore, complexity in the regulatory framework for the manufacturing industry will be a challenge for the market. However, Technological Advancement and acceptance of gesture recognition technology by the end-users are the most critical factor driving the market.
Competitive Quadrant
The report includes a Competitive Quadrant a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Gesture Recognition Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst’s positioning tool.
Market Dynamics
Drivers
- Technological Advancement with Low Complexity
- Demand Increase for Connectivity in Automobile Industry
- Enhancement in User Experience
- Increasing Digitization
Restraints
- High Power Consumption
- Overlapping and Wrong Object Extraction
Opportunities
- Technologies with Gesture Control Integration
- Increasing Demand for Smart Home
- Significance of Gesture Control in Virtual Reality
Challenges
- Uncertain and Complex Regulatory Framework
- Balancing Between Demand and Supply
Market Segmentation
The Global Gesture Recognition Market is segmented further based on Application Type, Technology Type, and Geography.
- By Technology Type, the market is classified into Touch-Based and Touchless
- By Application, the market is classified into Automotive, Consumer Electronics, Healthcare, Advertisement & Communication, Defence, and Others.
- By Geography, America is projected to lead the market.
Companies Mentioned
- Apple Inc
- Cipia Vision Ltd
- Cognitec Systems GmbH
- Crossmatch Technologies Inc
- Elliptic Labs
- GestureTek
- Gesture Research
- German Auto Labs GmbH
- Google Inc
- Infineon Technologies AG
- Intel Corporation
- Iproov Limited
- Iris Guard
- Microchip Technology Inc
- Microsoft Corporation
- NXP Semiconductors NV
- OBLONG INDUSTRIES
- Omex Interactive Ltd
- OmniVision Technologies, Inc
- Omron Global
- pmdtechnologies AG
- PointGrab Inc
- Qualcomm Technologies Inc
- Sony Depthsensing Solutions SA/NV
- Synaptics Incorporated
- TDK Corporation
- Texas Instrument
- Ultraleap (Leap Motion)
- Visteon Corporation
- XYZ Interactive
For more information about this report visit https://www.researchandmarkets.com/r/x4u0sa
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