May 19, 2024

The latest report by Fortune Business Insights, titled ‘Gesture Recognition 2024 Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast, 2024 – 2032,’ provides a thorough analysis of the global Gesture Recognition . The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. Additionally, the report highlights the impact of crucial events such as technological advancements and regulatory frameworks on the Gesture Recognition landscape. This exhaustive examination equips businesses and stakeholders with invaluable intelligence for making informed decisions in the evolving Gesture Recognition .

The global gesture recognition market size was valued at USD 15.19 billion in 2022 and the market is projected to grow from USD 19.37 billion in 2023 to USD 115.70 billion by 2030, exhibiting a CAGR of 29.1% during the forecast period.

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Driving Factor:

Increase in the Need for Touchless Systems in Several Fields to Drive the Market Growth

The technology provides touchless interaction, deleting the need for physical contact with devices or interfaces. This touchless capability has earned considerable importance in several sectors, especially public spaces such as retail stores, airports, hospitals, and public transportation systems. Hence, the gesture recognition market share is anticipated to grow during the projected period.

The implementation and development costs associated with the technology are very high, thereby limiting the gesture recognition market growth during the forecast period.

Report Highlights:

  • A comprehensive overview of the Gesture Recognition
  • Significant factors boosting, restricting, challenging and providing an opportunity to the market
  • Key insights and major industry developments
  • Significant players functioning in the Gesture Recognition
  • Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
  • Other market trends

Gesture Recognition Segments:

By System Type

  • Touchless
  • Touched

By Application

  • Human-computer Interaction
  • Gaming
  • Virtual Reality
  • Robotics
  • Healthcare
  • Automotive
  • Others

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Top most manufacturers/ Key player by Business Leaders Leading Players of Gesture Recognition :

  • Intel Corporation (U.S.)
  • Jabil Inc. (U.S.)
  • Microchip Technology Inc. (U.S.)
  • Sony Corporation (Japan)
  • Elliptic Laboratories ASA (Norway)
  • GestureTek (U.S.)
  • Microsoft Corporation (U.S.)
  • Google LLC (U.S.)
  • Cipia Vision Ltd. (India)
  • Ultraleap (U.K.)
  • Apple Inc. (U.S.)

Regional Analysis for Gesture Recognition :

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)

Frequently Asked Questions (FAQs):

  • What is the current market scenario?
  • What was the historical demand scenario, and forecast outlook from 2023 to 2030?
  • What are the key market dynamics influencing growth in the Global Gesture Recognition ?
  • Who are the prominent players in the Global Gesture Recognition ?
  • What is the consumer perspective in the Global Gesture Recognition ?
  • What are the key demand-side and supply-side trends in the Global Gesture Recognition ?
  • What are the largest and the fastest-growing geographies?
  • Which segment dominated and which segment is expected to grow fastest?
  • What was the COVID-19 impact on the Global Gesture Recognition ?

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Table of Contents

Industry Overview:

  • Market definition and segmentation
  • Industry trends and drivers
  • Regulatory environment

Gesture Recognition  Size and Forecast:

  • Historical market size and growth
  • Current market size and trends
  • Forecast for the future

Competitive Landscape:

  • Key players in the market
  • Market share analysis
  • SWOT analysis of major competitors

Customer Analysis:

  • Target customer demographics
  • Buying behavior and preferences
  • Customer satisfaction and feedback

Product/Service Analysis:

  • Overview of products/services in the market
  • Features and benefits
  • Pricing strategies

Gesture Recognition  Trends:

  • Emerging trends in the industry
  • Technological advancements
  • Shifts in consumer behavior

TOC Continued…

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