Gesture Recognition Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

 According to the report published by Facts & Factors, the global Gesture Recognition Market size was worth around USD 9 billion in 2019 and is predicted to grow around USD 38 billion by 2026 with a compound annual growth rate (CAGR) of roughly 23% between 2020 and 2026. The report analyzes the global Gesture Recognition Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Gesture Recognition Market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the gesture recognition industry. The report analyzes and declares the historical and current trends analysis of the gesture recognition industry and subsequently recommends the projected trends anticipated to be observed in the gesture recognition market during the upcoming years.

The gesture recognition market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire gesture recognition market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• As per our primary respondents, gesture recognization market is set to grow annually at a rate of around 23%
• It was established through primary research that gesture recognization market was valued at around USD 9 billion in 2019
• In terms of components, the touchless segment holds the largest market share in the global gesture recognization market.
• The “automotive” category, on the basis of application segmentation, was the leading revenue-generating category accounting in 2019.
• According to primary research, the  gesture recognization market is expected to reach more than USD 38 Billion by 2026

Key Recommendations from Analysts

• As per our analysts, the global gesture recognization market is expected to grow significantly over the forecast period.
• Our team of analysts has identified that increasing digitization across various industries and ease of adoption due to low technical complexity for end-users are poised to propel the market
• In recent years, the healthcare segment was the leading application
• In the coming years, the Asia Pacific will be the fastest-growing sector owing to the rise in industrialization.
• Overall, the global gesture recognization market has the potential to grow owing to rapid technological advancements and increasing digitization trend.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the gesture recognition industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the gesture recognition industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the gesture recognition market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the gesture recognition industry. The gesture recognition market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Gesture Recognition sector. Key strategic developments in the gesture recognition market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the gesture recognition market are appropriately highlighted in the report.

Gesture recognition is a new innovative technology that is gaining popularity as it provides better human and machine interactions.  Emerging technologies permit automotive manufacturers to deploy gesture recognition features an in-vehicle control system. Moreover, this technology provides greater road safety. Certain factors are impacting the global market positively. However, as this technology is in the nascent stage, the framework of it is complex to install for manufacturers which may hinder the market growth across the globe. The growing trends towards enhanced in-vehicle technologies to provide drivers alert notifications before any possible casualty will drive the growth of the market.

The gesture recognition market research report delivers an acutevaluationand taxonomy of the gesture recognition industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the gesture recognition industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the gesture recognition industry is provided for the leading economies of the world.

The global gesture recognition market can be segmented based on the component and application. Based on the component, the global gesture recognition market has been classified into touch-based systems and touch-less systems. Based on application, the global gesture recognition market has been further bifurcated into educational centers, gaming, hospitality, aerospace & defense, automotive, and medical centers among others.

Report Scope

Competitive Players

Some of the prominent players operating in the global gesture recognition market are :

•  EyeSight Technologies Ltd; 
•  Microsoft Corporation
•  Apple Inc
•  InfinGestureTek Inc.
•  Movea SA
•  Qualcomm Technologies Inc.
•  eon Technologies AG
•  Softkinetic
•  Omron Corporation

The taxonomy of the gesture recognition industry by its scope and segmentation is as follows:

By Component Segmentation Analysis

• Touch based systems
• Touch-less systems

By Application Segmentation Analysis

• Aerospace & Defense
• Gaming
• Hospitality
• Automotive
• Medical centres
• Education

Global Gesture Recognition Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa