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World Gesture Recognition System Market - Opportunities and Forecasts, 2017 - 2023

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    Report

  • September 2019
  • Region: Global
  • Allied Market Research
  • ID: 3773741
Gesture recognition system (GRS) integrates imaging and computer systems by running predefined mathematical algorithms to interpret the specific gesture language. Gesture recognition systems, primarily include the interpretation of face and hand movements, facilitating interaction of humans with machines. The gesture recognition system has emerged as a popular technology over traditional mechanical interaction technologies.

Gesture recognition system market has witnessed a high growth in recent years. Factors such as willingness towards adoption of new technology and ease of use are primarily driving this market. Gesture recognition technology has numerous applications in smart TVs, gaming devices and smartphones. The boom in gaming, smart TV and smartphone industries has boosted the growth of gesture technology market. North America and Europe are the leading hubs for gesture recognition technology, particularly in automobile sector. America is also leading in consumer electronic sector by following the practices to integrate implementation of GRS by OEM’s at large level. The market growth is also supplemented by advancements in the entertainment & gaming industry.

The market for gesture recognition systems are segmented on the basis of application, technology, product, and geography. The report highlights these segments covering their market trend, competitive scenario, key growth factors and market forecast. Cognitec, GestureTec, Cognivue, Microsoft corporation, Eyesight, Omek, Point Grab, Soft-Kinetic, Primesense, Crossmatch Technologies Inc., The Gesture System, Intel, Microchip are the key vendors in Gesture Recognition System market across global. These players are profiled in the report with detailed description on their business overview, financials, resent developments and strategies.

KEY BENEFITS

This report outlines current and future trends of the global gesture recognition system market along with a detailed analysis of key factors influencing the market
The study highlights various segments depicting the growth potential of the global gesture recognition system market
In this study, the market current position is analysed qualitatively and quantitatively with a forecast for 2014-2020 to represent the financial appetency of the market
Key companies in the gesture recognition system market are profiled along with a SWOT analysis
Porters Five Forces model is used to analyse the potency of buyers & suppliers, along with a detailed study on the market competition. This would enable the market players to develop effective strategies
The report also provides value chain analysis, evaluating the role and value addition of key intermediaries involved in the value chain

GESTURE RECOGNITION SYSTEM MARKET SEGMENTATION

The market is segmented on the basis of Type, Application, Technology, Product and geography.

Market by Type

Gesticulation
Pantomimes
Language like gesture
Sign languages
Emblems

Market by Application:

Automobile
Consumer Electronics
Gaming
Transit
Healthcare
Defence
Retail

Market by Technology:

Contact Type

Touch based gestures

Non-Contact Type

Device Gesture Technology
Vision based Technology
Electrical Field Sensing

Market by Product:

Sanitary equipment
Biometric equipment

Market by Geography:

North America
Europe
Asia Pacific
LAMEA

Key Players

Cognitec
GestureTek
Microsoft corporation
Cognivue
Eyesight
Omek
Point Grab
Soft Kinetic
Crossmatch technologies Inc.
Intel
Iris Guard
Microchip

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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