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Gesture Recognition Market Size, Share 2021–Global Industry Analysis, Trends, Market Demand, Growth, Opportunities and Forecast 2023
Posted on May 5 2021 9:01 AM
"Gesture Recognition Market Research Report reviews the growth drivers and the current and future trends. The Gesture Recognition Market consists of a number of players. The company profiling of the above Gesture Recognition Market players has been done in the report consisting of their business overview, financial overview and the business strategies adopted by the companies with Forecast Period 2021-2023.
Global Gesture Recognition Market Research Report study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds impact on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.Gesture Recognition Market Research Report is highly research-intensive, powered by high R & D investment, and it possesses a strong product analysis to maintain growth and ensure long-term revenue generation.
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Gesture Recognition Market report offers a comprehensive view regarding the competitive landscape of the Gesture Recognition market and includes a deep description of performance by some of the key global players completing in the market. It offers a list of latest updates of several business strategies including mergers, acquisitions, partnerships, product launch, expansion of production units, and collaborations adopted by these major global players. The report provides a clear picture regarding R & D investment from key players and adoption of innovative technologies to widen their consumer base and expand the existing competitive position. Moreover, the report offers a detailed information about the position, scope of growth, and opportunities of new entrants or players in the market.
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The global gesture recognition market is estimated to register a CAGR of 15.2% over the forecast period. Gesture recognition, along with voice recognition, facial recognition, lip movement, and eye tracking recognition, is a component of perceptual user interface (PUI). The goal of PUI is to improve the efficiency and ease of use, for the underlying design of a program. Gesture recognition is an important aspect of smartphones. Consumer awareness has led to an increasing demand for better and advanced technology, for efficient usage. Gesture recognition is being used in smart phones, personal computers, and gaming devices. In smartphones, it is used in different ways by different OEMs. For example, Motorola uses gesture recognition for some devices in such a way that when a hand is waved on top of the screen, the screen becomes active, or the camera app starts functioning at a double twist. Lenovo, the parent company of Motorola, uses the software in a different way, and double tapping the phone screen makes the display active.
Development of Motion Control Gaming Driving the Market
The gaming industry is one of the major contributors to the global market. The gaming industry can be categorized into console gaming and PC gaming. PC gaming does not make much use of motion control gaming, when compared to consoles. The three major console developers, Microsoft, Sony, and Nintendo, bundle and sell gesture recognition devices along with the console. Through the use of accelerometers and gyroscopes, many third-party developers have produced motion control gaming for smartphones, over the past. This trend seems to be growing stronger than ever, as the limitations of smart phones keep on decreasing. The most notable game to make use of gesture recognition was â€˜Temple Runâ€™. This prompted more and more developers to make similar games. Lately, PokÃ©mon Go, an augmented reality game that relies on motion control, received much acclaim worldwide and was one of the most played mobile games of all time. Technological advancements have led to the development of virtual reality, augmented reality, and mixed reality headsets, which rely heavily on gesture controls. The number of motion control games is poised to increase further, with the availability of VR and MR headsets.
Gaming Consoles Expected to Dominate the Market Landscape
Technological advancements have enabled several major companies in the media & entertainment industry to explore the technology of gesture recognition, offering a platform to develop interactive and unique technologies. Such developments have paved the way for a whole new world of gaming, for various types of gamers worldwide. Microsoft and Sony are two key companies which introduced their gesture recognition products, called the Kinect for Xbox One and PlayStation Move, through which motion games (such as Kinect Sports Rivals) can be played. Owing to this technology, many organizations, game developers, and third-party app developers have started developing games or apps that can support the technology, indirectly boosting the growth of this market.
North America Dominating the Market
Owing to the increasing adoption of the technology in various industries, such as media & entertainment, healthcare, and others, North America has been the major contributor toward the revenue generated by the global market, during the last few years. The demand for the technology in this region is expected to witness a healthy growth during the forecast period. The United States is one of the largest markets for the media & entertainment industry. Many major companies that make use of the technology are based out of the United States, like Microsoft, whose product, the Microsoft HoloLens, is a breakthrough in the mixed reality technology. The HoloLens relies heavily on the implementation of gesture recognition. Owing to the demanding tasks of the manual operation of machineries, gesture recognition is being planned to be implemented in the industrial sector. Increasing application of gesture recognition solutions in the industrial sector is expected to result in a significant impact on the gesture recognition market.
Key Developments in the Market
December 2017 - Sony launched back-illuminated, time-of-flight (ToF) image sensor, which delivers high resolution depth maps in high degrees of accuracy from a close distance.
June 2017 - Omron Corporation launched super-sensitive MEMS thermal sensor with narrow-field version, particularly designed for providing accurate non-contact measurements of objects.
March 2017 - Microsoft announced that the Windows Mixed Reality developer kits would be shipped from then onward.
February 2017 - Infineon Technologies collaborated with XMOS Ltd, to provide new building block for voice recognition, which also has a combination of radar and silicon microphone sensors.
Major Players: GESTURETEK INC., INTEL CORPORATION, APPLE INC., MICROSOFT CORPORATION, GOOGLE INC., COGNITEC SYSTEMS GMBH, OMRON CORPORATION, INFINEON TECHNOLOGIES AG, SOFTKINETIC SA, ELLIPTIC LABORATORIES AS, CRUNCHFISH AB, and SONY CORPORATION, amongst others.
Reasons to Purchase this Report
Understanding how the growing consumer electronics market is expected to drive the demand for gesture recognition.
Analyzing various perspectives of the market with the help of Porterâ€™s five forces analysis.
The application segment that is expected to dominate the market.
The regions that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel).
Customization of the Report
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Gesture Recognition Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of Gesture Recognition.
Regional Market Analysis:
The Gesture Recognition Market report includes Global & Regional market status and outlook 2021-2023. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Global Gesture Recognition Market 2021-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- Growing research activities coupled with new product launches.
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- High Opportunity in the Industry
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- Complications associated with Gesture Recognition procedures.
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Key Attentions of Gesture Recognition Market Report:
- The report offers a comprehensive and broad perspective on the global Gesture Recognition market.
- The market statistics represented in different Gesture Recognition segments offers complete industry picture.
- Market growth drivers, challenges affecting the development of Gesture Recognition are analyzed in detail.
- The report will help in the analysis of major competitive market scenario, market dynamics of Gesture Recognition.
- Major stakeholders, top companies Gesture Recognition, investment feasibility and new market entrants study is offered.
- Development scope of Gesture Recognition in each market segment is covered in this report. The macro and micro-economic factors affecting the Gesture Recognition market
- Advancement is elaborated in this report. The upstream and downstream components of Gesture Recognition and a comprehensive value chain are explained.
Some Major Points from Toc :-
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness Porter's Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.4 Democratic Republic of Congo
6.2 Consumption Analysis (Market Size, Growth and Forecast)
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
6.2.2 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
6.2.4 South America
22.214.171.124 Rest of South America
6.2.5 Middle East & Africa
126.96.36.199 South Africa
188.8.131.52 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
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