Global “Gesture Recognition Market“ report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.The entire data relies on latest trade news, opportunities, and trends. The report contains a comprehensive marketing research and vendor landscape additionally to a SWOT analysis of the key vendors.
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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 âTemple 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
â¢ 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.
â¢ June 2017 – Omron Corporation launched super-sensitive MEMS thermal sensor with narrow-field version, particularly designed for providing accurate non-contact measurements of objects.
â¢ March 2017 – Microsoft announced that the Windows Mixed Reality developer kits would be shipped from then onward.
â¢ 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
â¢ Understanding how the growing consumer electronics market is expected to drive the demand for gesture recognition.
â¢ Analyzing various perspectives of the market with the help of Porterâs five forces analysis.
â¢ The application segment that is expected to dominate the market.
â¢ The regions that are expected to witness the fastest growth during the forecast period.
â¢ Identify the latest developments, market shares, and strategies employed by the major market players.
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Gesture Recognition Market Analyse according to leading players, Competitive landscape, geographical regions, top manufacturers, types, and applications forecast over a period of 2019 to 2024. Geographically, this report is divided into many key Regions, with production, consumption, revenue (million USD), market share and rate of Gesture Recognition Market 2019 in these regions, from 2018 to 2024 (forecast), covering: North America, China, Europe, Japan, Southeast Asia, India.
The Objectives of this report are:
- To define, describe, and analyze the Gesture Recognition market on the basis of product type, application, and region
- To forecast and analyze the size of the Gesture Recognition market (in terms of value) in six key regions, namely, Asia Pacific, Western Europe, Central & Eastern Europe, North America, the Middle East & Africa, and South America
- To forecast and analyze the Gesture Recognition market at country-level in each region
- To strategically analyze each submarket with respect to individual growth trends and its contribution to the Gesture Recognition market
- To analyze opportunities in the Gesture Recognition market for stakeholders by identifying high-growth segments of the market
Key Questions Answered in Gesture Recognition market report:
- What will the market size be in 2024 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Gesture Recognition Market Report Provides Comprehensive Analysis as Following:
Market segments and sub-segments
Market size & shares
Market trends and dynamics
Market Drivers and Opportunities
Market Analysis and Segmentation
Supply and demand
Technological inventions in Gesture Recognition trade
Marketing Channel Development Trend
Gesture Recognition Market Positioning
Distributors/Traders List enclosed in Positioning Gesture Recognition Market
Gesture Recognition Market report provides you a visible, one-stop breakdown of the leading product, submarkets and market leaders revenue forecasts till 2024. In conclusion, Gesture Recognition Market 2019 report presents the descriptive analysis of the Gesture Recognition Market Major Key-players, Types, Application and Forecast Period knowledge which is able to function a profitable guide for all the Gesture Recognition Market competitors.
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