Market Research Future published a research report on “Gesture Recognition Market Research Report- Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Gesture Recognition – Market Synopsis
The 21st century is witnessing an all-time high demand for digitalization of electronics. This demand has given the global gesture recognition market a much needed push. According to the research report published by MRFR (Market Research Future), this market is currently in one of its best phases and during the forecast span of 2017-2023, it will touch new heights of success.
Gesture recognition is a technology that can help recipients protect their privacy. It helps individuals to control the access to any of their smart devices by using body movements and gestures.
The Gesture Recognition Market is anticipated to witness remarkable growth in the coming years as the digital revolution is at its peak as of right now and new technologies are adopted fairly quick. The revenue scale is expected to skyrocket by the end of the forecast period. Even the CAGR looks encouraging and supports this estimation.
The gaming industry is currently obsessed with the motion-control technology. This works in the favor of the market as this phenomenon has heightened the demand for recognition- based gaming consoles. Furthermore, it is also being taken as a green signal for the emergence of gesture recognition in gaming.
Rapid technological advancement is another aspect that positively influences the market’s expansion. Countless technology assisted devices like laptops, smartphones, gaming consoles and television sets have started inculcating gesture recognition to enhance the product’s output. An additional factor that further fosters the growth of the market is the craze amongst customers for this technology.
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Google recently acquired a small gesture recognition startup called Flutter. This company is renowned for letting the webcam detect motion instead of a completely new device. Flutter can enable recipients to control their computers using gestures that are identified through webcams. This acquisition will prove to be beneficial for the market in the upcoming years.
Some of the key players in the market are Microsoft Corporation (U.S.), Intel Corporation (U.S), Apple Inc. (U.S), Iris guard (Jordan), Qualcomm Inc.(U.S), Prime Sense Limited (Isreal), Omron Corporation (Japan), SoftKinetic (Belgium), Texas Instruments (U.S.), Infineon Technologies (Germany) and others.
The global gesture recognition market is segmented on the basis of technology, product, application and region. On the basis of technology the segment is further classified into sensors, 2D gesture technology and 3D gesture technology. On the basis of product the segment is further classified into touch less and touch based system. The gesture recognition technology is having wide area of application such as automotive, healthcare, transportation, IT, commercial, telecom and many more.
By Region, MRFR analysis shows that the comprehensive understanding of market dynamics, the global gesture recognition market is analyzed across key geographies namely North America, Europe, China, Japan, India and among others. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in function as a service market in North America is attributed to rising use of consumer electronics, Internet of Things, increasing need for comfort & convenience in product usage.
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- Component and equipment suppliers
- Original equipment manufacturers (OEMs)
- Original design manufacturers (ODMs)
- Installers and maintenance service providers
- Research organizations
- Component integrators
- Technology providers
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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