Gesture Recognition Market is Expected to Expand at a 27.58% CAGR During the Forecast Period 2017–2023
Research Reports
Jan 06, 2021
Regional Analysis
The geographical overview of the global market has been analyzed in four major regions, including North America, the Asia Pacific, Europe, and the rest of the world (Latin America, the Middle East and Africa).
In terms of sales, the Asia Pacific region dominated the gesture recognition market in 2016, and is anticipated to rise significantly over the forecast period. over the review period, Asia-Pacific is expected to grow at the highest CAGR of 30.28 per cent. Demand growth in the area is driven by the global technological developments and early adoption of gesture recognition technology. With the rapidly increasing acceptance of touchless biometric products, the Asia-Pacific region is expected to hold the largest share of revenues in the future. Companies take partnering approaches to reach untapped markets and product developments.
The global gesture recognition market at present is led by North American and European countries on account of higher safety and hygiene concerns. North America was assessed as the largest market share of 38.55% in 2016, with a market share of USD 1.85 billion, the market is anticipated to register 26.76% CAGR during the forecast period.
Get Free Sample Copy Report of Gesture Recognition Market@ https://www.marketresearchfuture.com/sample_request/5244
Drivers and Restraints
Gesture recognition is the conversion, using a mathematical algorithm, of a hominid gesture or signal to order. In the absence of any physical devices, it enables any individual to interrelate with the computer as an input mechanism for performing desired actions within a program. The technology interprets human expressions and motions, such as hands, fingers, back, head or whole body movement. It helps users to only use their gestures to operate and monitor devices. It is projected to expand due to increased per capita income, increased technological advances and burgeoning digitization across numerous industries such as automotive, consumer electronics, and healthcare. The increasing usage of consumer electronics, the increasing introduction of the Internet of Things (IoT), and the rising need for comfort and convenience in product usage also provide an upthrust to the industry. Lower installation costs and improved user experience in different applications drive the Gesture Recognition industry primarily. The development is fueled by the introduction of gesture recognition technology in smart phones and automotive equipment.
Nonetheless, lack of knowledge among end users and complex manufacturing environment hinder market growth across all major regions.
Access Complete Report @ https://www.marketresearchfuture.com/reports/gesture-recognition-market-5244
Competitive Analysis
The major market players operating in the global market as identified by MRFR are Microsoft Corporation (US), Intel Corporation (US), Iris guard (UK), Apple Inc. (US), Qualcomm Incorporated (US), Omron Corporation (Japan), Texas Instruments (US), SoftKinetic Inc. (Belgium), and Infineon Technologies AG (Germany).
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future
528, Amanora Chambers, Magarpatta Road, Hadapsar
Pune – 411028, Maharashtra, India
Email: sales@marketresearchfuture.com
Tags:
, Reportedtimes, iCN Internal Distribution, Research Newswire, English
YOU MAY ALSO LIKE
Cast Iron Cookware Market Set to Reach…
Regional Analysis The geographical overview of the global market has been analyzed in four major regions, including North America, the Asia Pacific, Europe, and the…
read more