The latest report by IMARC Group, titled “Gesture Recognition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” finds that the global gesture recognition market reached a value of US$ 9.7 Billion in 2020. Gesture recognition is a computing process that recognizes and interprets human gestures through the use of mathematical algorithms. It uses computer vision technology and deep learning algorithms to understand the underlying pattern, interpret sign language, and deploy it on the cloud for enhanced scalability and computing power. The motion sensors in gesture recognition technology perceive and interpret movements as the primary source of data input and provide the computer with an alternative user interface for real-time data. Gesture recognition is designed to increase the interaction between humans and computers through the use of touch screens, cameras, and peripheral devices.
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Global Gesture Recognition Market Trends:
The market is primarily driven by the increasing demand for advanced methods of contact-free authentication. As a result, gesture recognition technology is widely adopted across various end use industries, including automotive, consumer electronics, and healthcare, for performing contactless tasks. For instance, gesture recognition offers contactless navigation of X-ray displays and magnetic resonance imaging (MRI) in the healthcare industry. In addition to this, the market growth is also supported by the development of prototypes that are easy to use and understand and more cost-effective than traditional interface devices like keyboards and mouse. Moreover, the integration of the Internet of Things (IoT) and the shift towards e-learning solutions are also propelling the market growth. Furthermore, rapid digitization, inflating per capita income, rising use of smart devices and customization in the automotive industry are some of the other factors increasing the demand for gesture recognition systems. Looking forward, the market is expected to grow at a CAGR of 26.2% during the forecast period (2021-2026).
- Based on the technology, the market has been segmented into touch-based and touchless.
- On the basis of the end use industry, the market has been classified into consumer electronics, automotive, aerospace and defense, healthcare, and others.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has been examined, with some of the key players being Apple Inc., Cognitec Systems GmbH, EyeSight Technologies Limited, Infineon Technologies AG, Intel Corporation, Microchip Technology Incorporated, Microsoft Corporation, Qualcomm Technologies Incorporated, Sony Corporation, and Synaptics Incorporated.
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