Gesture Recognition Market is expected to grow at a CAGR of 18% from 2019 to 2027 with a significant rise by application in automobiles, says Absolute Markets Insights.

Gesture recognition technology finds notable adoption in consumer goods, automotive, and gaming industry. Gaming industry is witnessing adoption of this technology in the motion based gaming, which are used in different verticals such as education, defence, and others. With the launching of gesture recognition integrated into the gaming consoles, the industry witnessed a much higher growth than the previous years, and is further growing. Automotive is one of the industry that is witnessing strong growth in the adoption of this technology. Rising awareness regarding driver safety and government regulations regarding the same are the major factors stimulating the higher integration of this technology into the automobiles and fueling the growth of gesture recognition market. One of the major trends observed in the market is the implementation of touchless technology with the use of 3D gesture recognition in the automobiles for navigation and infotainment applications. In 2018, the gesture recognition market was valued at USD 6,540 Mn and is expected to surpass USD 28,750 Mn by 2027. Based on regions, North America accounts for the highest share in the gesture recognition market owing to its high adoption in automobiles as well as consumer electronics. The major reason towards it is the high level adoption which is observed in the OEMs of the automobiles and consumer goods.

“During the next six years, Asia Pacific region will witness highest growth rate in the market during the forecast period with the growing focus on digitization and high integration of the technology in the consumer goods. The European region will witness significant rise in the market share due to supporting government regulations and presence of a large number of automotive OEMs in the region focused towards implementation of gesture control features in automobiles.”

The detailed research study provides qualitative and quantitative analysis of the gesture recognition market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further, across all the major countries. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.


 

Global Gesture Recognition Market Revenue (US$ Mn), 2018

Payment software market

Some of the players operating in the gesture recognition market are Microsoft, Google Inc., Apple Inc., Intel Corporation, and Qualcomm Technologies Inc. amongst others.

By Technology

  • Touch-Based
  • Touchless

By Authentication

  • Hand/Fingerprint
  • Face Recognition
  • Vision/Iris Recognition

By Application

  • Automotive
  • Consumer Electronics
  • Healthcare
  • Hospitality
  • Gaming
  • Others (Education, Defence, Etc.)


 

  • By Geography
    • North America
      • U.S.
      • Canada
      • Mexico
      • Rest of North America
    • Europe
      • Spain
      • The UK
      • Italy
      • Germany
      • France
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • New Zealand
      • Australia
      • Southeast Asia
      • Rest of Asia Pacific
    • Middle East & Africa
      • GCC Countries
      • Southern Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      •  Rest of Latin America