The “Gesture Recognition Market” report gives a massive source to analyze the industry and other fundamental technicalities identifying with it. The examination discloses the total assessment and veritable parts of the Gesture Recognition market. This study exhibits a straightforward outline of the industry, that integrates applications, blueprints, industry chain structure, and definitions. This report prepares a case for investments in different regions based on a practical view of their regulatory outline, manufacturing dynamics, and availability of skills and resources in that region.
The global Gesture
Recognition Market size is expected to value at USD 33.05 billion by 2025.
Gesture recognition is technique that involves the conversion of a bodily
movement and gesture into machine language with the help of a computational
algorithm. This allows user to interact with the robot or machine in absence of
other human being. Human gesture is treated as an input to the machine and an
appropriate response is received.
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The gesture recognition technology
is capable of understanding human gestures including hand movements, fingers movements,
and head movements. Further, the system provides full operational capability to
user by reading their gesture and movements. For example, with the help of gesture
recognition system, a cursor can be moved from point A to Pont B by just
pointing a finger. Increasing adoption of gesture recognition system and
further research & development in the field can make touchscreens, console
boards, and mouse redundant.
Hand gesture recognition is
one of the fastest growing segment in the gesture recognition industry with
highest revenue generation since last couple of years. The key factors such as
advanced research in the fields and high-end human and machine interaction are
anticipated boost growth of the market in coming years. Hand gesture
recognition is considered as most intelligent ways to carry out human and
computer interaction (HCI). Application of the hand gesture recognition system
include medical therapies and consumer electronics.
Various methodologies are
implemented to perform hand gesture recognition with high precision. Different
sensing methods are increasingly adopted for obtaining multiple of signals at a
same time to perform highly accurate pattern recognition. Increasing adoption
of AI in hand gesture recognition systems make it more precise in its
operations. Hand gesture recognition systems are more cost-effective in
comparison with the conventional interface systems like console boards and the mouse.
The gesture recognition
industry is subject to witness a substantial growth due to the rise in the
personal disposable income, numerous technological advancement and growing
popularity of artificial intelligence (AI). Additionally, increasing focus on
implementation of digitalization in various industry segments including
transportation, consumer electronics, and healthcare sector, is predicted to
fuel overall market growth. Growing adoption of the gesture recognition systems
in electronics devices, and Internet of Things (IoT) systems due to ease of
accessibility and convenience during operations, are attributing to the market
expansion. Globally, the gesture recognition market is predicted to grow at
CAGR of 21.3% in forecast period, providing numerous opportunity for market
players to invest for research and development in the market.
The gesture recognition
market is divided into regional market segment such as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise in the adoption of latest technologies and
existence prominent industry players in the region. Asia-Pacific region is
predicted to hold major market share in the gesture recognition industry
displaying massive growth in forecast period.
Countries such as India,
China and Singapore are leading the Asia-Pacific market with increasing
personal expenditure, rapid industrialization and rising investment by industry
leaders considering potential opportunities in the region. The key players in
the gesture recognition market are Apple Incorporations, eyeSight Technologies
Limited, and Infineon Technologies AG.
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