Global Gesture Recognition Market for Emerging Applications 2016-2020

Overview of the global gesture recognition market for emerging applications

Market research analysts at Technavio have predicted that the global gesture recognition market for emerging applications will grow tremendously during the forecast period and will post a CAGR of more than 52% by 2020. OEMS in the automotive industry have always been focusing on providing a more efficient and intuitive interactive system between the driver and the vehicle by developing new forms of interaction platforms. Gesture recognition technology enables the driver to control a number of vehicle functions efficiently, enhances driver and passenger safety, and will soon find significant applications in controlling a vehicle’s infotainment system. Moreover, integrating gesture recognition with the heads-up display will eliminate driver distractions, which will further enhance passenger safety. One of the major automotive manufacturers, BMW has already implemented gesture recognition technology in its Series 7 automobiles, and this will encourage other automotive OEMs to deploy this technology in their next-generation vehicles.

In terms of geography, APAC will dominate the market by the end of the forecast period and is expected to account for a total market share of almost 41% by 2020. Though the region is slow to adopt gesture recognition devices for gaming consoles, the strong demand for smart TVs has attracted several new TV manufacturers, such as Xiaomi to enter the market and this will subsequently fuel the growth of the market in this region. Also, the rising disposable income of the developing countries such as China and India will lead to the growth in demand for luxury cars which will again aid in the growth of this market in APAC in the next four years.

Competitive landscape and key vendors

The market is currently still in its growth stage and is characterized by the presence of a number of gesture recognition companies that have a significant presence in the market, which results in the commercialization of their products. The recent years have witnessed several pure-play companies being acquired by larger corporations for their advanced technologies. Since the large corporations will not want to miss out on the significant growth opportunities the market presents, there will be a number of M&As throughout the forecast period as well.

The leading vendors in the market are -

• Microsoft
• Sony
• eyeSight Technologies
• PointGrab
• Samsung

Segmentation by technology and analysis of the gesture recognition market for emerging applications

• 3D gesture recognition
• 2D gesture recognition

During 2015, the 2D gesture recognition segment accounted for almost 64% of the total market share and dominated this market. Smart TVs were the major consumer electronic devices incorporating gesture recognition technology and the exponential increase in the demand for smart TVs is identified to be a major factor for the growth in this market segment. Also, the cost of incorporating 2D gesture recognition technology is very less compared to the cost of incorporating 3D gesture recognition, which in turn, propels the demand for the integration of 2D gesture recognition.

Segmentation by application and analysis of the gesture recognition market for emerging applications

• Automotive
• Consumer Electronics

This market study estimates that the consumer electronics segment will account for a maximum share of the global gesture recognition market for emerging applications and will also dominate the industry throughout the forecast period. This mainly attributes to the fact that consumer electronic devices are sold in high numbers compared to luxury cars. Analysts have identified that smart TVs and gaming consoles will be major revenue contributors to the market in the coming years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global gesture recognition market for emerging applications?
• What are the key market trends impacting the growth of the global gesture recognition market for emerging applications?
• What are the challenges to market growth?
• Who are the key vendors in the global gesture recognition market for emerging applications?
• What are the market opportunities and threats faced by the vendors in the global gesture recognition market for emerging applications?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global gesture recognition market for emerging applications?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Smart Wearable Devices and Services Market 2016-2020
• Global Gesture Recognition Market for Smartphones 2015-2019
• Global Gesture Recognition Market for Gaming Consoles 2015-2019

Gesture recognition is a technology that interprets human gestures with the help of mathematical algorithms. The current focus in the field of gesture recognition technology includes emotion recognition from the face and hand gesture. Gesture recognition facilitates humans’ interaction with the machine and allows them to communicate naturally without the help of any mechanical devices. The advent and growing popularity of gesture control could potentially make conventional input devices like mouse, keyboards and touch-screens redundant. Gesture recognition enhances the user’s experience and at the same time improves the quality of service.

The report, global gesture recognition market for emerging applications, is part of Technavio’s hardware and semiconductor research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as computing devices, displays, embedded systems, human machine interface, lighting, semiconductor equipment, and sensors. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.