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Global Gesture Recognition Market Size Study & Forecast, by Technology (Touch-based, Touchless), by Industry (Automotive, Consumer Electronics, Healthcare, Others), and Regional Analysis, 2023-2030

October 2023 | 200 pages | ID: GE801E273074EN
Bizwit Research & Consulting LLP

US$ 4,950.00

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Global Gesture Recognition Market is valued at approximately USD 17.29 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 18.8% over the forecast period 2023-2030. Gesture recognition involves the technological analysis and real-time interpretation of human gestures and motions, which are captured by cameras or sensors. Gesture recognition systems typically use a combination of cameras, depth sensors, and machine learning algorithms to detect and analyze gestures. The primary goal of this innovation is to foster instinctive and natural interaction between individuals and machines, allowing users to steer devices using gestures rather than conventional input approaches. The Gesture Recognition Market is expanding because of factors such as the growing trend of digitization across various industries, increasing implementation of the Internet of Things (IoT), rising demand for contactless interfaces, and advancements in camera and sensor technology by the key market players.

The surge in demand for smart devices among consumers is primarily attributed to the market demand during the estimated period. Gesture recognition is gaining high traction in smart devices such as smartphones, tablets, smart TVs, and wearable technology as it offers an alternative to traditional interfaces, attracting consumers looking for innovative ways to interact with their devices. According to Statista, in 2022, there were around 8,298.7 million pieces of consumer electronics accounted for globally, which is projected to constantly rise and is expected to reach 9,181 million pieces by the year 2027. Accordingly, the rapid proliferation of smartphones, tablets, smart TVs, and wearable devices has created a demand for novel and convenient input methods, which, in turn, augment the market growth. Moreover, the rapid development of artificial intelligence and machine learning technology, as well as the increasing technological advancements for efficient HMI and high demand for cost-effective features present various lucrative opportunities over the forecast years. However, the high installation costs and lack of standardization are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Gesture Recognition Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing adoption of smart devices, advancement in sensor technology, and the presence of key market players such as Microsoft Corporation, Apple Inc., and Intel Corporation. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years.

The growing demand for advanced human-machine interface technologies, high penetration of consumer electronics, as well as growing industrial digitization in emerging countries including India and China are significantly propelling the market demand across the region.

Major market players included in this report are:

Alphabet Inc.

Apple Inc.

Cipia Vision Ltd.

Infineon Technologies AG

Intel Corporation

Microchip Technology Incorporated

Microsoft Corporation

Qualcomm Technologies Incorporated

Sony Depthsensing Solutions SA

Synaptics Incorporated

Recent Developments in the Market:
  • In April 2023, Elmos presented sensor IC solutions at Sensor+Tesy, showcasing innovative concepts for smart switches for sophisticated gesture control. This technology improves automotive and industrial applications by enabling seamless human-machine interfaces through natural gestures.
  • In January 2023, PreAct Technologies, a supplier of flash LIDAR technology, acquired the software firm Gestos with the aim of incorporating Gestoos' advanced gesture detection and computer vision technologies into its extensive activity tracking, device management, and spatial awareness system.
  • In July 2022, JMicron Technology Corp.'s subsidiary KaikuTek Inc. unveiled its first contactless gesture recognition system at CES 2022. The K60168 solution provides an easy-to-use, affordable, and adaptable method for interacting with numerous machines that previously needed direct physical touch.
Global Gesture Recognition Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Technology, Industry, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:

Touch-based

Touchless

By Industry:

Automotive

Consumer Electronics

Healthcare

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Gesture Recognition Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Gesture Recognition Market, by Technology, 2020-2030 (USD Billion)
  1.2.3. Gesture Recognition Market, by Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL GESTURE RECOGNITION MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL GESTURE RECOGNITION MARKET DYNAMICS

3.1. Gesture Recognition Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Growing trend of digitization across various industries
    3.1.1.2. Surge in demand for smart devices among consumers
  3.1.2. Market Challenges
    3.1.2.1. High installation costs
    3.1.2.2. Lack of standardization
  3.1.3. Market Opportunities
    3.1.3.1. Rapid development of artificial intelligence and machine learning technology
    3.1.3.2. Increasing technological advancements for efficient HMI and high demand for cost-effective features

CHAPTER 4. GLOBAL GESTURE RECOGNITION MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL GESTURE RECOGNITION MARKET, BY TECHNOLOGY

5.1. Market Snapshot
5.2. Global Gesture Recognition Market by Technology, Performance - Potential Analysis
5.3. Global Gesture Recognition Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
5.4. Gesture Recognition Market, Sub Segment Analysis
  5.4.1. Touch-based
  5.4.2. Touchless

CHAPTER 6. GLOBAL GESTURE RECOGNITION MARKET, BY INDUSTRY

6.1. Market Snapshot
6.2. Global Gesture Recognition Market by Industry, Performance - Potential Analysis
6.3. Global Gesture Recognition Market Estimates & Forecasts by Industry 2020-2030 (USD Billion)
6.4. Gesture Recognition Market, Sub Segment Analysis
  6.4.1. Automotive
  6.4.2. Consumer Electronics
  6.4.3. Healthcare
  6.4.4. Others

CHAPTER 7. GLOBAL GESTURE RECOGNITION MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Gesture Recognition Market, Regional Market Snapshot
7.4. North America Gesture Recognition Market
  7.4.1. U.S. Gesture Recognition Market
    7.4.1.1. Technology breakdown estimates & forecasts, 2020-2030
    7.4.1.2. Industry breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Gesture Recognition Market
7.5. Europe Gesture Recognition Market Snapshot
  7.5.1. U.K. Gesture Recognition Market
  7.5.2. Germany Gesture Recognition Market
  7.5.3. France Gesture Recognition Market
  7.5.4. Spain Gesture Recognition Market
  7.5.5. Italy Gesture Recognition Market
  7.5.6. Rest of Europe Gesture Recognition Market
7.6. Asia-Pacific Gesture Recognition Market Snapshot
  7.6.1. China Gesture Recognition Market
  7.6.2. India Gesture Recognition Market
  7.6.3. Japan Gesture Recognition Market
  7.6.4. Australia Gesture Recognition Market
  7.6.5. South Korea Gesture Recognition Market
  7.6.6. Rest of Asia Pacific Gesture Recognition Market
7.7. Latin America Gesture Recognition Market Snapshot
  7.7.1. Brazil Gesture Recognition Market
  7.7.2. Mexico Gesture Recognition Market
7.8. Middle East & Africa Gesture Recognition Market
  7.8.1. Saudi Arabia Gesture Recognition Market
  7.8.2. South Africa Gesture Recognition Market
  7.8.3. Rest of Middle East & Africa Gesture Recognition Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Alphabet Inc.
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. Apple Inc.
  8.3.3. Cipia Vision Ltd.
  8.3.4. Infineon Technologies AG
  8.3.5. Intel Corporation
  8.3.6. Microchip Technology Incorporated
  8.3.7. Microsoft Corporation
  8.3.8. Qualcomm Technologies Incorporated
  8.3.9. Sony Depthsensing Solutions SA
  8.3.10. Synaptics Incorporated

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption


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