Gesture Recognition Market Size & Growth Report to 2030

The global gesture recognition market size is anticipated to grow at a higher CAGR of around 20% during the forecast period from 2022 to 2028. The growing demand for technology in various industries such as automotive, consumer electronics, and healthcare is a major factor to drive the segment growth. Furthermore, technological advancement, growing digitalization, and the increasing income per capita across the globe are further anticipated to fuel the market growth. Moreover, the growing consumption of consumer electronics, integration of IoT, and the growing need for comfort and convenience in the use of the product is projected to propel the market growth over the forecast period.

Market Insights:

By technology, the touch-based technology segment accounted to hold the largest revenue share of over half of the market by 2028

The global gesture recognition market is bifurcated into technology, end-use, and geography. On the basis of technology, the market is further segmented into touch-based and touchless technology. The touch-based segment dominated the global market in 2021 and accounted to hold a significant market share of over half of the market in the present year. On the flip side, the touchless technology segment is accounted to register the fastest growth rate over the forecast period. A large number of companies across industries are making efforts to revert existing touch-based interfaces to touchless. Furthermore, the increasing demand for safety and security is further anticipated to fuel the segment growth over the forecast period.

By end-use, the consumer electronics segment dominated the global market in 2021

On the basis of end-use, the market is segmented into consumer electronics, automotive, healthcare, and others. The consumer electronics segment dominated the global gesture recognition market in 2021 and is expected to hold a significant market share of over 60% by the end of the analysis period. The consumer electronics segment includes the devices such as smartphones, smart TVs, smart homes, and others. The growing use of consumer electronics and the rising penetration of IoT (Internet of Things) are anticipated to drive the segment growth significantly. For example, in October 2017, Samsung launched the Galaxy S4 smartphone with an air gesture feature that allows users to scroll through and accept incoming calls without touching devices.

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The gesture recognition comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinions obtained from interviews with industry executives and experts from prominent companies.

The gesture recognition market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2019-20 – Historical Year
• 2021 – Base Year
• 2022-2028 – Forecast Period

Global Gesture Recognition Market Segmentation:

Gesture Recognition Market Segmentation by Technology:

• Touch-Based
• Touchless

Gesture Recognition Market Segmentation by End-Use:

• Consumer Electronics
• Automotive
• Healthcare
• Others

Gesture Recognition Market Segmentation by Region:

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

Gesture Recognition Market: Geographic Coverage

The Asia Pacific is accounted to hold the largest revenue share of the market by 2028

Geographically, the Asia Pacific dominated the global gesture recognition market in 2021 and is expected to hold the largest revenue share of over 1/3 market share by the end of the analysis period. The large-scale use of consumer electronics is a primary factor to drive the market growth in the region. Furthermore, the growing economical condition and the availability of a large consumer base are further anticipated to fuel the market growth. Moreover, the growing digitalization in various end-use industries and the increasing disposable income per capita are expected to propel market growth in the Asia Pacific.

The gesture recognition market report comprises dedicated sections centering on the regional market revenue and trends. The gesture recognition market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The gesture recognition market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Gesture recognition market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2022 – 2028.

Gesture Recognition Market: Competitive Assessment

Some of the major market players operating in the global gesture recognition market are Alphabet Inc., eyeSight Technologies Ltd., Apple Inc., Intel Corporation, and Infineon Technologies AG. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

• Alphabet Inc.
• eyeSight Technologies Ltd.
• Apple Inc.
• Intel Corporation
• Infineon Technologies AG
• Microsoft Corporation
• Microchip Technology Incorporated
• QUALCOMM Incorporated
• Synaptics Incorporated
• SOFTKINETIC

Key Questions Answered by Gesture Recognition Market Report

• Global gesture recognition market forecasts from 2022-2028
• Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
• Gesture recognition submarket forecasts from 2022-2028 covering the market by technology, by end-use, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level gesture recognition markets from 2022-2028
• Competitive Landscape and market positioning of top 10 players operating in the market