The global gesture recognition market is estimated to grow at a significant CAGR of over 20% during the forecast period. The driving factors for the global gesture recognition market include ease of adoption due to low technical complexity for end-users, the surging application of gesture control features in automobiles, favorable programs deployed by government, increasing digitalization across industries, and adoption of touchless sanitary solutions.
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The key players that are dominating the global gesture recognition market include Microsoft Corp., Infineon Technologies AG, Jabil Inc., Qualcomm Inc., Sony Corp., Intel Corp., IrisGuard Inc., Eyesight Technologies Ltd., Microchip Technology Inc., and others. The companies are constantly contributing to attract customers and also to stay competitive in the market. The companies are focusing on geographical expansion, mergers & acquisitions, finding a new market or innovate in their core competency in order to expand individual market share.
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For instance, In August 2018, Qualcomm, a smartphone chip manufacturer, acquired the novel gesture recognition technology, GestureTek that allows smartphones to get native support for gesture-based control, that allows Qualcomm to gain access to gesture recognition technology that can be utilized to power future devices so as to give them better control on human gestures.
In addition, the government plays an important role in the growth of the global gesture recognition market. For instance, in November 2019, the Indian government deployed an AI-enabled platform, named Jarvis, in more than 70 prisons in Uttar Pradesh. Jarvis detects the gestures including frisking of inmates or visitors by officials, crowd analysis, acts of violence and detection of prison breaches or unauthorized access. If the platform picks up any violation or illegal activities that it is supposed to flag, it will notify the prison authorities, so they can act swiftly.
Current Market Trends Covered in the Market Report :-
Increased spending and preferences on the safety and hygiene products by consumers is likely to positively affect the gesture recognition market growth
The launching of new products along with the geographical expansions will be the key strategy of the players
The North American region to have a significant share in the global gesture recognition market.
Global Gesture Recognition Market - Segmentation
Touch-Based Gesture Recognition
Touchless Gesture Recognition
Global Gesture Recognition Market – Segment by Region
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
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