Gesture Recognition Global Market Report 2024

The gesture recognition refer to a type of perceptual computing user interface that enables computers to recognize and understand human gestures as orders. Gesture recognition entails tracking a human position, orientation, or movement and then interpreting it to distinguish semantically significant gestures. It is utilized for Human-Computer Connection (HCI), a type of human-machine interaction that uses just physical actions rather than voice.

The main types of gesture recognition are online gestures and offline gestures. Online gestures are real-time gestures that use technology where the hand surface is extracted from the background by the subtraction method. The various authentication types include finger-print recognition, face recognition, vision and iris recognition, and hand and leg recognition based on touch-based and touchless technology. It is used across several industries such as automotive, consumer electronics, healthcare, finance and banking, advertisement and communication, defense, government, and other industries.

The gesture recognition market research report is one of a series of new reports that provides gesture recognition market statistics, including gesture recognition industry global market size, regional shares, competitors with a gesture recognition market share, detailed gesture recognition market segments, market trends and opportunities, and any further data you may need to thrive in the gesture recognition industry. This gesture recognition market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The gesture recognition market size has grown exponentially in recent years. It will grow from $19.56 billion in 2023 to $23.86 billion in 2024 at a compound annual growth rate (CAGR) of 21.9%. The growth in the historic period can be attributed to touchless interfaces for hygiene, gaming industry demand, healthcare applications, accessibility features, industrial and enterprise applications.

The gesture recognition market size is expected to see exponential growth in the next few years. It will grow to $55.33 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%. The growth in the forecast period can be attributed to expanded use in retail environments, public spaces and kiosks, expanded automotive use cases, growth in entertainment industry, gesture-based healthcare monitoring. Major trends in the forecast period include integration in consumer electronics, gaming and virtual reality (VR), industrial and manufacturing applications, education and training solutions, security and authentication, gesture recognition software development kits .

The growing digitalization is propelling the growth of the gesture recognition market. Many companies and organizations are adopting biometrics solutions that help in the digitalization of large processes. Biometrics s a scientific method of identifying a person's gestures by measuring their physical and/or behavioral features that are used for different applications like mobiles, laptops, and screenings. The rise of biometrics is increasing due to businesses realizing the benefits of biometric technologies in terms of security and ease of their operations. According to Imageware, a US-based biometric identification and authentication solutions company, global biometric technology is expected to reach $55.42 billion by 2027. Therefore, the growing digitalization is driving the gesture recognition market growth.

The rising use of consumer electronics will propel the growth of the gesture recognition market going forward. Consumer electronics refers to electronic devices and gadgets designed for personal use, such as smartphones, televisions, and laptops. Gesture recognition is used in consumer electronics to enable users to control devices or interact with them through hand and body movements. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total electronic equipment production in Japan reached $52,36,535 million (¥771,457 million). In addition, consumer electronics production reached $2,178,430 million (¥32,099 million) in May 2023, compared to $1,714,724 million (¥25,268 million) in May 2022. Therefore, the rising use of consumer electronics will contribute to the growth of the gesture recognition market.

Technological advancement is a key trend gaining popularity in the gesture recognition market. Major companies operating in the gesture recognition market are focused on developing new technological solutions to meet consumer demand and strengthen their position. In July 2022, STMicroelectronics, a Switzerland-based semiconductor company has launched a touchless gesture-based control system for straightforward, budget-conscious consumer and commercial applications. The system is called STGesture and is a companion software for the company's VL53L5CX Time-of-Flight (ToF) ranging sensor. The software enables basic gesture recognition with the VL53L5CX proximity ToF sensor and can detect tap and swipe movements.

Major companies in the gesture recognition market focus on technological advancements, such as the 3D Gesture Touch sensor feature, to enhance user interactions and streamline customer service processes. The 3D Gesture Touch sensor feature refers to a technology that enables touchless control and interactions with devices through hand and finger movements in three-dimensional space. For instance, in January 2022, New Vision Display, a US-based manufacturer of custom display and touch products, launched 3D Gesture Touch sensor feature, based on Microchip’s patented GestIC technology. 3D Gesture Touch allows users to interact with a device using simple hand gestures a short distance from the screen and no physical contact is required.

In January 2021, Qualcomm, a US-based company acquired Clay AIR for an undisclosed amount. The acquisition is expected to strengthen Qualcomm’s XR technology stack with the inclusion of Clay AIR's highly accurate and power-efficient hardware-agnostic technology and industry-leading team of computer vision, interaction design, and machine learning professionals. Clay AIR is a US-based AI-powered hand tracking and gesture recognition technology company.

Major companies operating in the in the gesture recognition market report are Apple Inc.,SALTO Systems S. L., Intel Corporation,Microchip Technology Inc.,Qualcomm Technologies Inc., Synaptics Inc., Google LLC, GestureTek, IrisGuard UK Ltd., PointGrab Ltd.,Cipla Limited, HID Global, Ultraleap Ltd., iProov Limited,Oblong Inc.,Sony Corporation,EyeSight Technologies,Omron Corporation,Elliptic Labs,GestureTek, Crunchfish AB,XYZ Interactive Technologies Inc.,GestureTek Health,Ultraleap,Pebbles Interfaces, PointGrab Ltd.,Vayyar Imaging Ltd.,Cognitec Systems GmbH,Intel RealSense Technology,Synaptics Incorporated,Gestoos,Gestigon GmbH,OMRON Electronics,pmdtechnologies ag

North America was the largest region in the gesture recognition market in 2023. The regions covered in the gesture recognition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the gesture recognition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The gesture recognition market includes revenues earned by entities by workout tracking to in-store monitoring, gesture recognition services, voice recognition, image recognition. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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