Gesture recognition market size will exceed US$43.25

Newark, Sept. 26, 2022 (GLOBE NEWSWIRE) — According to a report published by The Brainy Insights, the global gesture recognition market is expected to grow from $8.32 billion in 2021 to $43.25 billion by 2030, with a CAGR of 20.10% over the forecast period 2022-2030.

Gesture recognition in smart TVs allows users to manage the smart TV process with hand and finger gestures. Gesture recognition software is now built into smart TVs, and the recognition software attempts to match users’ hand gestures against a predefined set of gestures. Similarly, gesture recognition technology in personal computers and laptops is one of the important elements of modern devices. Gesture recognition is one of the newer ways to provide input or maintain computing devices. For example, a famous Korea-based company, Samsung, introduced the Galaxy S4 series mobile phone with air gesture technology that allows users to scroll down and take calls without touching the phone. Gesture recognition technology allows the user to interact naturally with the computer and makes the computer view interactive and authentic. Either way, increasing power consumption of gesture-enabled products is expected to hamper the development of the global gesture recognition market.

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Competitive Strategy

To strengthen their position in the global gesture recognition market, the major players are now focusing on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations, and partnerships.

• In April 2020, the expansion of Cypress enabled Infineon to place greater emphasis on structural driver development and a more comprehensive range of applications.
• As of June 2021, Windows 11 is the current operating system, designed by Microsoft.

Report coverage and details:

Report cover Details
Forecast period 2022–2030
base year 2021
Market size in 2021 $8.32 billion
Market size in 2031 $43.25 billion
CAGR 20.10%
Number of pages in the report 230
Segments Covered Type, End User, Regions
Drivers Increase digitalization and increasing technological advancements in industry verticals
Opportunities Increase digitalization and increasing technological advancements in industry verticals
holds back Trade constraints between China and the United States

Market growth and trends

The gesture recognition market has grown; growth is driven by hygiene concerns and the growing need for advanced contactless authentication techniques. The gesture recognition market is driven primarily by advancements in technology with improved accuracy. Gesture recognition provides ease of use when integrated; thus, it is expected to report strong demand in the future. Additionally, increasing digitalization globally coupled with increasing use of smart devices and personalization in the automotive industry is driving the development of the market. Similarly, less technical complexity is the reason for the easy adoption of gesture recognition technology on a large scale. Therefore, it is the engine of market development. Either way, the lack of haptic sensation is expected to hamper the growth of the gesture recognition market. Despite remarkable growth trends, the market is facing challenges such as increasing product cost, power consumption of sensors, and running the shortest possible sensor size.

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Main conclusions

• In 2021, the contactless segment dominated the market with the largest market share of 55% and revenue of 4.56 billion.

Type segment is divided into non-contact system and touch system. In 2021, the contactless segment dominated the market with the largest market share of 55% and revenue of 4.56 billion. (TUI) A touchless user interface is a growing type of technology regarding gesture control. The touchless user interface controls the computer through gestures and body movements without touching the mouse, keyboard or screen. In vehicles, contactless gesture recognition helps to improve safety while driving.

• In 2021, the consumer electronics segment dominated the market with the largest market share of 15% and revenue of 1.24 billion.

The end-user segment is divided into consumer electronics, healthcare, automotive, retail, transportation, aerospace and defense, gaming, and others. In 2021, the consumer electronics segment dominated the market with the largest market share of 15% and revenue of 1.24 billion. Consumer electronics such as digital signage, games, interactive devices, and business automation accounts for the maximum share of the global gesture recognition market. Gesture recognition technology is considered a growing technology because it ultimately saves time when interacting with a device.

Regional Segment Analysis of Gesture Recognition Market

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, rest of APAC)
• South America (Brazil and rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Among all regions, the North America region has emerged as the largest market in the global gesture recognition market, with a market share of around 34.5% and 3.55 billion in market revenue in 2021, due to of the growing penetration of smartphones in the region and growing usage. devices connected to the Internet. Automotive, consumer electronics and industrial automation are rapidly developing application segments of the region’s gesture recognition market.

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The key players operating in the global gesture recognition market are:

• Synaptics Incorporated
• QUALCOMM Incorporated
• Microsoft Corporation
• Embedded microchip technology
• Intel Company
• Infineon Technologies AG
• Eyesight Technologies Ltd.
• Apple Inc.
• Alphabet Inc.

This study forecasts revenue at global, regional and country levels from 2019 to 2030. Brainy Insights has segmented the global gesture recognition market based on the segments mentioned below:

Global Gesture Recognition Market by Type:

• Contactless system
• Affected system

Global Gesture Recognition Market by End User:

• Consumer electronics
• Health care
• Automotive
• Detail
• Transportation
• Aerospace and Defense
• Games
• Others

About the report:

The global gesture recognition market is analyzed on the basis of value (USD billion). All segments have been analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each part. The report offers an in-depth analysis of the drivers, opportunities, restraints and challenges to gain a critical overview of the market. The study includes Porter’s Five Forces Model, Attractiveness Analysis, Commodity Analysis, Supply, Demand Analysis, Competitor Position Grid Analysis, distribution and marketing channel analysis.

About The Brainy Insights:

The Brainy Insights is a market research company, aiming to provide businesses with actionable insights through data analytics to improve their business acumen. We have a robust forecasting and estimating model to meet customers’ high-quality production goals in a short period of time. We provide custom (customer specific) and syndicated reports. Our union reporting repository is diverse across all domain categories and subcategories. Our customized solutions are designed to meet customer needs, whether they are looking to expand or planning to launch a new product in the global market.

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