Technology Magazine.org estimates that the market for fingerprint and hand gesture authentication will be worth over US$ 1,400 million in 2018. It is also anticipated that expanding applications in the fields of industrial automation, smart home automation, and self-driving cars will fuel the growth of the global gesture recognition market. The identification of human physical motions, also known as "gestures," is done using a gesture recognition device.
These gestures entail waving specific body parts in front of the device in a particular pattern, such as the hands, feet, head, and others, in order to launch and use a particular application without having to physically touch it. Technically speaking, gesture recognition combines language technology with computer analytics to identify human gestures using logical and mathematical formulas. Gestures are used to operate robotic systems, smart home appliances, mixed reality environments, and surgical equipment.
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The industry concentration ratio and the most recent developments for the market share are shown using tables, figures, graphs, and charts. The report covers product classification, application areas, and geographic regions to explain the perception and scope of the market. Both quantitative and qualitative data from primary and secondary statistical sources are included in the study. This report offers detailed support for businesses and people interested in the market by providing important statistics on the state of the industry. Enhancing the fundamental leadership capabilities of clients and new players in the industry is one of the main objectives of this report.
Top Key Players:
Elliptic Laboratories A/S, Eyesight Technologies Ltd., Fibaro Group SA, GestureTek Inc., Intel Corporation, Jabil Inc., Leap Motion Incorporation, Microchip Technology Incorporated, Apple Inc., Microsoft Corporation, Pyreos Limited, Sony Corporation, and Thalmic Labs Inc. are a few of the major players in the gesture recognition market, among others.
The Regional Evaluation
Due to the presence of key players like Intel Corporation, Microsoft Corporation, Microchip Corporation, and Apple Inc., which are constantly innovating the gesture recognition technology, North America is predicted to lead the gesture recognition market. As an illustration, Apple Inc. provided 3D cameras with HMI (Human-Machine Interaction) capabilities in smartphones in 2018 for depth mapping, which is used for sophisticated gesture control. The US is also receiving sizable investments for the development of touchless and 3D gesture technology. Additionally, during the period of forecasting, Asia-Pacific is anticipated to have the market for gesture recognition grow at the fastest rate. China, India, and Japan are focusing on the OEMs of goods like smartphones, cameras, and laptops in an effort to integrate gesture recognition technology, which is causing the market for gesture recognition to grow.
The "Gesture Recognition Market" by Fortune Business Insights is a comprehensive analysis of the market that spans over 60 geographies and offers high-level market segmentation for each one. In the section on regional and national breakdowns, the market in each geography is examined, along with market size by region and nation. It also evaluates the market's past and projected growth, highlights significant trends, and discusses corporate expansion strategies.
Segmentation of the Global Gesture Recognition Market
By Technology:
- Touch-based
- Multi-Touch System
- Motion Gesture
- Touchless
- Capacitive/Electric Field
- Infrared Array
- Ultrasonic Technology
- 2D Camera-Based Technology
- 3D Vision Technologies
By Industry Vertical:
- Agriculture
- Healthcare
- Manufacturing
- Food and Beverages
- Energy and Utilities
- Research
- Others
By Region
- North America (the US and Canada)
- Europe (the United Kingdom, Germany, France, Italy, Spain, Scandinavia, and the rest of Europe)
- Asia Pacific (including Japan, China, India, Australia, Southeast Asia, and the remaining countries in the region)
- South America (including Brazil, Mexico, and the rest of South America)
- Europe, Asia, and Africa (South Africa, GCC and Rest of Middle East & Africa)
The study examines several crucial elements to comprehend the market, such as the most recent market dynamics, growth potential, development trends, market challenges, development threats, and risk factors. The information is easy to understand thanks to this comprehensive market overview. In addition to offering short- and long-term market forecasts, the study provides an analytical stance on the pertinent global market sector.
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The report considers the following significant parameters:
- Size of the global market (in terms of both value and volume), by important business segments, and by promising and developing regions
- Trends that could influence the market
- Options and preferences of consumers, as well as the landscape of vendors and suppliers
- Opportunities for growth that are anticipated during the forecast period
- Problems and restrictions faced by the industry
- Dynamic and trending patterns of consumer spending
- Additional advancements
The Report Responds to the following Frequently Asked Questions
- How much money is made on the market globally through sales, production, and consumption?
- Who are the leading manufacturers in the Market globally?
- Which goods/market segments/applications/fields should I invest in during the market assessment period?
- What challenges and opportunities do global market vendors face?
- What are the main market trends that are influencing the market's expansion?
- How big is the market at the national and regional levels?
- What are the main effects predicted by Porter's five forces model?
- What tactical approaches are thought to be advantageous for entering the market?
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