Global Gesture Recognition Market Size, Trends & Growth Opportunity and By Technology (Sensor, 2D Gesture Technology and 3D Gesture Technology), Application (Automotive, Healthcare, Consumer Electronics, Transportation, Commercial, IT/Telecom and others), Product (Touchless and Touch-Based) By Region and Forecast till 2027.

Global Gesture Recognition Market

The Global Gesture Recognition Market is expected to grow from US$ 13.7 Billion in 2021 to US$ 37.6 Billion by 2027; it is estimated to grow at a CAGR of 18.33% from 2021 to 2027.

Gesture recognition on a computer explains how individuals move. There are numerous techniques for recognising gestures, including IRIS, eye tracking, and facial recognition. The advancement of technology and the rising need for presentations devoid of remote gestures are anticipated to provide up lucrative business opportunities for the market's top competitors. The market is growing as a result of the increase in demand for smartphones, tablets, smart tvs, and gesture-recognition cameras. Additionally, the sector is experiencing a surge in the construction of new car and medical facilities.

Drivers: One of the main drivers of market growth is the introduction of gesture recognition technology to offer an immersive and realistic gaming experience, combined with the growing number of professional gamers. Additionally, wearables that recognise gestures are widely used in the healthcare sector to provide contactless navigation for X-ray displays and magnetic resonance imaging (MRI). In addition, to lessen driver workload and enable safe driving, top automakers are including gesture recognition in many systems, such as air conditioning, windows, and windshield wipers. Additionally, the market is expanding as a result of the trend toward automation in industrial processes, which is increasing demand for robots.

Restraints: High replacement costs, a lack of haptic sense, user aversion to the technology, and high power consumption by products using gesture recognition and touch-less sensing technology are the main factors limiting the growth of the gesture recognition and touch-less sensing market.

Opportunities: The development of the global gesture recognition market is anticipated to benefit from technological developments in gesture recognition and the necessity for enterprises to give remote-less gesture presentations.

Impact of Covid-19

Several sectors have seen a dramatic change in their businesses as a result of the COVID-19 epidemic. The airline industry's transition to biometric onboarding has had a favourable effect on the expansion of the global gesture recognition market.

At the airport, new technological solutions like facial recognition and biometrics are already being implemented, and after COVID-19, this process will go more quickly. The onboarding process will move more quickly thanks to these new technology, which will also aid in stopping the spread of the coronavirus. For instance, a U.S.-based airline firm called Spirit Airlines, Inc. introduced biometric facial recognition for passenger check-ins at Chicago O'Hare and New York LaGuardia airports in September 2020.

Segmentation By Technology: Gesture Recognition Market is classified on the basis of Technology into Sensor, 2D Gesture Technology and 3D Gesture Technology.

Segmentation By Application: Gesture Recognition Market is classified on the basis of Application into Automotive, Healthcare, Consumer Electronics, Transportation, Commercial, IT/Telecom and others. Due to rising digitization and the widespread usage of gesture recognition technology, the consumer electronics industry is anticipated to dominate the worldwide gesture recognition market.

Segmentation By Product: Gesture Recognition Market is classified on the basis of Product into Touchless and Touch-Based.

Segmentation By Region: Gesture Recognition Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Regarding geography, North America continues to hold a sizable portion of the market. The primary driver of market inflation in the region continues to be the quick uptake of smart technology and the quick growth of the automation sector. The market's presence is growing faster because to the presence of well-known firms in the area. The market is anticipated to expand throughout the forecast period in Asia-Pacific as well. The region's market is expanding as a result of rising demand for smart technologies and the automobile industry's quick development and growth.

Competitive Landscape: The key players of Gesture Recognition Market are Infineon Technologies AG (Germany), Qualcomm Incorporated (U.S.), SoftKinetic Inc. (Belgium), Iris guard (U.K.), Apple Inc. (U.S.), Omron Corporation (Japan), Texas Instruments (U.S.), Intel Corporation (U.S.), and Microsoft Corporation (U.S.).

Industrial Development

• VisiPoint, a platform for employees and visitors to sign in with their current temperature, has been introduced by LamasaTech. This may be advantageous for workers who are resuming their jobs after office and company constraints have been lifted. The platform's contactless design complies with COVID-19 regulations set forth by governments and registers input logs for owners to check.
• An wristband that can recognise gestures was created by UC Berkeley researchers to track electrical signals in the forearm. They want to be able to recognise hand gestures as a recognised input for electronics. People who use prosthetics may profit from the product's popularity and commercialization.

Market Taxonomy

By Technology

• Sensor
• 2D Gesture Technology
• 3D Gesture Technology

By Application

• Automotive
• Healthcare
• Consumer Electronics
• Transportation
• Commercial
• IT/Telecom

By Product

• Touchless
• Touch-Based

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Gesture Recognition Market?
• What will be the growth rate from 2020 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?