DUBLIN, Sept. 09, 2022 (GLOBE NEWSWIRE) — “Gesture Recognition – Global Market Trajectory & Analytics” Report Released of ResearchAndMarkets.com Recruitment.
Global Gesture Recognition Market Expected to Reach US$24.8 Billion by 2026
Amid the COVID-19 crisis, the global market for gesture recognition, estimated at USD 11.8 billion in 2022, is projected to reach a revised size of USD 24.8 billion by 2026, growing at a CAGR of 17% during the analysis period It has been.
This technology is gaining popularity among consumers and original equipment manufacturers or OEMs as it has increased user convenience, especially when dealing with laptops, navigation devices, personal computers, smartphones, etc. Manufacturers are focused on innovating to add gesture recognition to various consumer electronics, resulting in increased safety, reliability, and convenience. Combining image processing and computer vision, this technology executes commands through gestures.
The demand for touchless sensing is due to better user experience, ease of use, and increasing demand for digitization in several sectors. Hygiene concerns due to the COVID-19 pandemic have significantly accelerated the market growth.
Rising demand from various end-use sectors such as banking and finance, in addition to automotive, which is witnessing a tremendous increase in connectivity demand, is likely to further drive the market growth. The high accuracy of next-generation systems is likely to significantly increase the demand for touchless sensing in the coming years.
Touchbase, one of the segments analyzed in the report, is projected to grow at a CAGR of 12.2% to reach US$12 billion by the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the economic crisis it caused, the growth of the touchless segment readjusted to his CAGR of 21.8% corrected over the next seven years. will be
This segment currently holds a 44% share of the global gesture recognition market. Many companies in various industries are trying to retrofit their existing touch-based interfaces to be touchless. Touchless human-machine interface technology has many advantages, including safety. In the next few years, touchless HMI technology is expected to gain significant popularity and provide lucrative opportunities for market participants.
US Market Estimated at $2.7 Billion in 2022, China Projected to Reach $5.2 Billion by 2026
The US gesture recognition market is estimated to be USD 2.7 billion by 2022. The United States currently holds her 23.4% share of the global market. China, the world’s second largest economy, recorded her CAGR of 19.3% throughout the analysis period, and the estimated market size is projected to reach her US$5.2 billion in 2026.
Among other notable geographic markets are Japan and Canada, which are projected to grow by 15.1% and 16.8% respectively during the analysis period. Within Europe, Germany is projected to grow at her CAGR of around 15.3%, while the rest of the European market (as defined in the study) is projected to reach US$1.5 billion by the end of the analysis period. I’m here.
The proliferation of AI and ML technologies is causing a paradigm shift in how we experience the world. Gesture recognition will deploy a variety of enhanced applications such as smart navigation, consumer electronics, healthcare delivery, augmented reality gaming, home automation, live video streaming, and virtual shopping.
AI-enabled gesture recognition has made robotic surgery accurate and reliable, enabling accurate and easy health monitoring. The advent of wearable sensors has further enhanced the usefulness of AI-based gesture recognition systems by integrating visual and somatosensory data, much like the skin, for greater sensitivity.
Gesture recognition technology, powered by consumer electronics, has made steady progress in recent years, has been well received by customers, and is about to make rapid progress in the areas of design, education, security, and real estate.
Technology leaders Apple, Microsoft, Intel, and Google are dominating the market with innovative gesture-recognition-based human-machine interaction interfaces. The AI system utilizes the Time-of-Flight principle (ToF) and a built-in data library for static gesture recognition to identify and track gestures.
The consumer electronics market is buzzing with innovations leveraging gesture recognition and haptic feedback. Italian company Limix has developed a gesture-to-text solution that identifies gestures in the form of sign language and converts them into machine-readable text and audio captions optimized for playback on smart mobiles.
uSens’ HGR solution allows smart TVs to track hand gestures and finger movements. Automated homes also deploy gesture recognition primarily for actionable commands. Gestoo has developed his AI-based HGR solution for contactless audio systems and lighting monitoring via a smartphone interface.
New for 2022
Global Competitiveness and Percentage Market Share of Major Competitors
Market presence across multiple geographies – strong/active/niche/minor
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives
1 year free updates
Main topics:
I. Methodology
II.executive summary
1. Market Overview
Gesture Recognition – Percentage Market Share (E) of Major Global Competitors in 2022
The importance of HMI in the era of digitalization provides a foundation for the growth of the gesture recognition market
Global Witness Accelerates Digitization
The role of HMI will grow in the digital world
Harnessing Gesture Recognition Technology with a Focus on HMIs as a Universal Function of All Electronic and Digital Devices as the Wave of Digitization Ride: Annual Global Digital Transformation Opportunity (USD Billion)
Touchless sensing and gesture control are the next milestone for HMIs in the post-pandemic phase
Touchless Sensing and Gesture Recognition – Overview, Importance, Benefits, Applications
Recent market activity
innovation
2. Focus on elite players (Total 76 specials)
Apple.
Sipia
Cognitec Systems GmbH
Elliptic Laboratories A/S
Espros Photonics Co., Ltd.
german autolab
gesture tech
Google LLC
HID Global Co., Ltd.
Infineon Technologies AG
Intel Corporation
iProve Co., Ltd.
Iris Guard UK Ltd.
Microchip Technology, Inc.
microsoft
OmniVision Technologies Inc.
Omron Corporation
pmdtechnologies ag
Point Grab Co., Ltd.
Qualcomm Technologies Inc.
Sony Depth Sensing Solution
Toposen
ultra leap
XYZinteractive
3. Market trends and drivers
The demand for safer touchless environments caused by COVID-19 bodes well for gesture recognition
Automotive Gesture Recognition Systems (AGRS) are gaining traction in in-vehicle infotainment and autonomous driving
In-vehicle infotainment market outlook
Expanding in-vehicle infotainment market opens up market opportunities for gesture recognition technology
Infotainment systems put the spotlight on HMI
Demand for smarter and safer interfaces drives interest in gesture recognition technology for infotainment HMIs
Focus on safety and growing concerns about touchscreen usage as automotive HMI opens new opportunities for gesture recognition in automotive HMI applications
How Gesture Recognition Technology Makes Automotive HMIs Safer
As Wearable Electronics Explodes, Gesture Recognition in Smartwatches Is in the Spotlight
Explosive Sales of Electronic Wearables Shift Research Focus to Intuitive Gesture Recognition Wearables
Rising smartphone sales bode well for the emergence of touchless gestures as the future of smartphones HMI
Healthy Demand for Smartphones Simultaneously Creates Opportunity for Touchless Device Interfaces
Pushing Immersive Gaming Opens New Opportunities for Gesture Recognition
How Gesture Recognition Makes Games Immersive
The demand for immersive gaming experiences in the steadily growing gaming industry will benefit the adoption of gesture recognition technology
The era of smart healthcare offers a treasure trove of opportunities for gesture recognition technology
Continuous innovation remains critical to sustained growth of the market
AI will play a bigger role in gesture recognition
4. Global Market Outlook
III. Regional Market Analysis
IV. Competition
For more information on this report, please visit https://www.researchandmarkets.com/r/qam0tp.
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