DUBLIN--(BUSINESS WIRE)--The "Gesture Recognition Market Size, Share & Trends Analysis Report By Technology (Touch-based, Touchless), By Industry (Automotive, Consumer Electronics, Healthcare), And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global gesture recognition market size is likely to reach USD 30.6 billion by 2025. It is poised to post a CAGR of 22.2% from 2018 to 2025.
Increasing digitization across various industries is benefiting the growth of the market. Ease of adoption due to low technical complexity for end users is escalating its implementation across the consumer electronics industry. Several other industries have also started using this technology. Similarly, the touchless gesture recognition market is primarily driven by factors such as rising hygiene consciousness, government measures for water conservation, low maintenance cost, and booming hospitality and tourism industry.
Surging use of consumer electronics and Internet of Things, along with increasing need for comfort and convenience in product usage, is boosting the growth of the gesture recognition market. Technological advancements and ease of use are helping the market gain momentum over the coming years. Increasing awareness regarding regulations and driver safety are bolstering the demand for gesture recognition systems in the automobile industry. Similarly, spiraling customer demand for application-based technologies is stimulating market growth.
Gestures are visible body actions through which human express information to others without saying it. In our daily lives, we see several hand gestures that are frequently used for communication purposes. Hand gesture recognition is one of the advanced research fields, which provides a way for human-machine interaction. Hand gesture recognition provides an intelligent method for human-computer interaction (HCI).
The market is volatile and is experiencing a fierce competition, therefore, witnessing high number of mergers and acquisitions. For instance, Intel Corp. acquired Omek Interactive Ltd. Some of the key players in the market are Apple, Intel, Microsoft, and Google. Along with global giants, local and regional players are also showing tremendous growth and attracting big investors. This scenario has taken the competition to a whole different level.
Further key findings from the report suggest:
- Increasing digitization across various industries and ease of adoption due to low technical complexity for end users are poised to propel the market
- The healthcare segment is projected to experience substantial CAGR of 27.0% over the forecast period
- Asia Pacific was the highest revenue contributor in 2017. It is expected to witness significant growth over the forecast period
- The key players of the market include Apple Inc.; eyeSight Technologies Ltd; and Infineon Technologies AG.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
2.1 Gesture Recognition market - Market Snapshot & Key Buying Criteria, 2014 - 2025
Chapter 3 Industry Outlook
3.1 Market Segmentation &Scope
3.2 Gesture Recognition Market Size and Growth Prospects
3.3 Gesture Recognition-Process Flow Analysis
3.4 Market Dynamics
3.4.1 Market driver analysis
18.104.22.168 Ease of adoption due to low technical complexity for end users
22.214.171.124 Surging application of gesture control features in automobiles
126.96.36.199 Increasing digitization across industries
3.4.2 Market restraint analysis
188.8.131.52 Absence of haptic sensation
184.108.40.206 Comparatively high-power consumption
3.4.3 Market opportunity analysis
220.127.116.11 Increasing use of touchless sanitary solutions
3.5 Key Opportunities - Prioritized
3.6 Gesture Recognition - Key Company Analysis, 2017
3.7 Industry Analysis - Porter's
3.8 Gesture Recognition - PESTEL Analysis
3.9 Future of Gesture Recognition
Chapter 4 Gesture Recognition Market: Technology Estimates & Trend Analysis
4.1 Gesture Recognition Market: Technology Movement Analysis
4.2 Touch-based Technology
4.3 Touchless Technology
Chapter 5 Gesture Recognition Market: Industry Estimates & Trend Analysis
5.1 Gesture Recognition Market: Industry Movement Analysis
5.3 Consumer Electronics
Chapter 6 Gesture Recognition Market: Regional Estimates & Trend Analysis
6.1 Gesture Recognition market share by region, 2017 & 2025
Chapter 7 Competitive Landscape
- Alphabet Inc.
- Apple Inc.
- eyeSight Technologies Ltd
- Infineon Technologies AG
- Intel Corporation
- Microchip Technology Incorporated
- Microsoft Corporation
- QUALCOMM Incorporated
- Synaptics Incorporated
For more information about this report visit https://www.researchandmarkets.com/research/plrb2l/global_gesture?w=4