Product Code: GVR-2-68038-019-4
Gesture Recognition Market Growth & Trends:
The global gesture recognition market size is anticipated to reach USD 70.18 billion by 2030, registering a CAGR of 19.1% between 2022 and 2030, according to a new report by Grand View Research, Inc. Increasing digitization initiatives across several industries are key to the rising adoption rate of these solutions. The consumer electronics industry is one of the largest adopters of gesture recognition solutions thanks to their ease of adoption due to low technical complexity for end-users. Adoption of the technology has also significantly increased across other industries.
The market also benefits from the rising use of consumer electronics and the Internet of Things and an increasing need for comfort and convenience in product usage. Technological advancements and ease of use have helped the technology gain global acceptance. Increased awareness about regulations and driver safety has increased the demand for gesture recognition systems in the automobile industry. Moreover, growing customer demand for application-based technologies is boosting the market growth. Research in the field of hand gesture recognition has increased for achieving advancements in human-machine interaction.
The development of several software and hardware products for touchless digital interaction is helping drive advancements in gesture recognition technology. Several companies are investing in enhancing the technology and are introducing new products. For instance, In December 2021, Somalytics Inc., a nanotechnology sensor designing company, unveiled its capacitive sensor. It is one of the world's smallest nano-based capacitive sensors and is made of carbon nanotube paper composites.
The market landscape is volatile and is experiencing fierce competition owing to a large number of mergers and acquisitions. The key players in the market include IT giants such as Apple, Intel Corp., Microsoft, and Google LLC. Along with these international giants, domestic players also show tremendous growth potential and are attracting big investors.
Gesture Recognition Market Report Highlights:
- The increasing digitization across various industries and the ease of adoption due to low technical complexity for end-users are expected to drive the market
- In terms of industry, the healthcare segment is expected to witness substantial growth with a CAGR of 23.7% over the forecast period
- In terms of region, Asia Pacific accounted for the highest revenue share in 2021. The regional market is expected to witness significant growth over the forecast period
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope & Assumptions
Chapter 2 Executive Summary
- 2.1 Gesture Recognition Market - Market Snapshot & Key Buying Criteria, 2017 - 2030
Chapter 3 Industry Outlook
- 3.1 Market Segmentation &Scope
- 3.2 Gesture Recognition Market Size and Growth Prospects
- 3.3 Gesture Recognition - Value Chain Analysis
- 3.4 Market Dynamics
- 3.4.1 Market Driver Analysis
- 3.4.1.1 Ease of Adoption Due to Low Technical Complexity for End-users
- 3.4.1.2 Surging Application of Gesture Control Features in Automobiles
- 3.4.1.3 Increasing Digitization Across Industries
- 3.4.2 Market Restraint Analysis
- 3.4.2.1 Absence of Haptic Sensation
- 3.4.2.2 Comparatively Higher Power Consumption
- 3.5 Key Opportunities - Prioritized
- 3.6 Gesture Recognition - Key Company Analysis, 2021
- 3.7 Industry Analysis - Porter's Five Forces Analysis
- 3.8 Gesture Recognition - PESTEL Analysis
Chapter 4 Gesture Recognition Market: Technology Estimates & Trend Analysis
- 4.1 Gesture Recognition Market: Technology Movement Analysis
- 4.2 Touch-based Technology
- 4.2.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.3 Touchless Technology
- 4.3.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5 Gesture Recognition Market: Industry Estimates & Trend Analysis
- 5.1 Gesture Recognition Market: Industry Movement Analysis
- 5.2 Automotive
- 5.2.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.3 Consumer Electronics
- 5.3.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4 Healthcare
- 5.4.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5 Others
- 5.5.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6 Gesture Recognition Market: Regional Estimates & Trend Analysis
- 6.1 Gesture Recognition Market Share by Region, 2017 & 2030
- 6.2 North America
- 6.2.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.2.1 North America Market Place: Key Takeaways
- 6.2.2 U.S.
- 6.2.2.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.2.3 Canada
- 6.2.3.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.2.4 Mexico
- 6.2.4.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.3 Europe
- 6.3.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.3.1 Europe Marketplace: Key Takeaways
- 6.3.2 U.K.
- 6.3.2.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.3.3 Germany
- 6.3.3.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.3.4 France
- 6.3.4.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4 Asia Pacific
- 6.4.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4.1 Asia Pacific Market Place: Key Takeaways
- 6.4.2 China
- 6.4.2.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4.3 Japan
- 6.4.3.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4.4 India
- 6.4.4.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.5 South America
- 6.5.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.5.1 South America Market Place: Key Takeaways
- 6.5.2 Brazil
- 6.5.2.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.6 Middle East & Africa
- 6.6.1. Global Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.6.1 MEA Market Place: Key Takeaways
Chapter 7 Competitive Landscape
- 7.1 Company Profiles
- 7.1.1 Alphabet Inc.
- 7.1.1.1 Company Overview
- 7.1.1.2 Financial Performance
- 7.1.1.3 Product Benchmarking
- 7.1.2 Apple Inc.
- 7.1.2.1 Company Overview
- 7.1.2.2 Financial Performance
- 7.1.3 Eyesight Technologies Ltd.
- 7.1.3.1 Company Overview
- 7.1.3.1 Product Benchmarking
- 7.1.3.2 Recent Developments
- 7.1.4 Infineon Technologies AG
- 7.1.4.1 Company Overview
- 7.1.4.2 Financial Performance
- 7.1.4.3 Product Benchmarking
- 7.1.5 Intel Corp.
- 7.1.5.1 Company Overview
- 7.1.5.2 Financial Performance
- 7.1.5.3 Product Benchmarking
- 7.1.6 Microchip Technology Incorporated
- 7.1.6.1 Company Overview
- 7.1.6.2 Financial Performance
- 7.1.6.3 Product Benchmarking
- 7.1.6.4 Recent Developments
- 7.1.7 Microsoft Corporation
- 7.1.7.1 Company Overview
- 7.1.7.2 Financial Performance
- 7.1.7.3 Product Benchmarking
- 7.1.8 QUALCOMM Incorporated
- 7.1.8.1 Company Overview
- 7.1.8.2 Financial Performance
- 7.1.8.3 Product Benchmarking
- 7.1.8.4 Recent Developments
- 7.1.9 SoftKinetic
- 7.1.9.1 Company Overview
- 7.1.9.2 Product Benchmarking
- 7.1.9.3 Recent Developments
- 7.1.10 Synaptics Incorporated
- 7.1.10.1 Company Overview
- 7.1.10.2 Financial Performance
- 7.1.10.3 Product Benchmarking
- 7.1.10.4 Recent Developments