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Gesture Recognition Market | Acumen Research and Consulting

Gesture Recognition Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

Published : Oct 2024

Report ID: ARC1051

Pages : 250

Format : Gesture Recognition Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

Summary Table of Content Customization Download Sample Infographics

The Global Gesture Recognition Market Size accounted for USD 19.6 Billion in 2023 and is estimated to achieve a market size of USD 117.5 Billion by 2032 growing at a CAGR of 22.3% from 2024 to 2032.

Gesture Recognition Market (By Technology: Touch-Based and Touchless; By End-User: Automotive, Consumer Electronics, Healthcare, and Others; By Region: North America, Europe, Asia-Pacific, Latin America, and the MEA)

Gesture Recognition Market Highlights

  • Global gesture recognition market revenue is poised to garner USD 117.5 billion by 2032 with a CAGR of 22.3% from 2024 to 2032
  • Asia-Pacific gesture recognition market value occupied around USD 7.05 billion in 2023
  • Asia-Pacific gesture recognition market growth will record a CAGR of more than 23% from 2024 to 2032
  • Based on technology, the touch-based sub-segment expected to generated 52% market share in 2023
  • Based on end-user, the consumer electronics sub-segment occupied USD 11.5 billion in 2023
  • Growth in AR/VR and gaming sectors for immersive experiences is the gesture recognition market trend that fuels the industry demand

Gesture Recognition Market Dynamics

Gesture recognition is the technique of converting a human gesture or motion into a command using a mathematical algorithm. This technology enables people to interface with machines without utilizing physical devices, instead employing gestures as an input method to complete desired tasks within a system. Gesture recognition recognizes human gestures and movements, such as those using the hands, fingers, arms, head, or full body, allowing users to operate and control devices exclusively by gestures. Users can move a cursor by merely pointing a finger at the screen, eliminating the need for input devices such as touchscreens, keyboards, and mice. This technology has increased the usability of many devices and resulted in the development of creative applications in a variety of industries.

Global Gesture Recognition Market Dynamics

Market Drivers

  • Increasing adoption of gesture-based interfaces in consumer electronics
  • Advancements in AI and machine learning technologies
  • Growing demand for touchless interaction in healthcare and automotive sectors

Market Restraints

  • High implementation and maintenance costs
  • Privacy and data security concerns
  • Limited accuracy and reliability in certain environments

Market Opportunities

  • Expansion in virtual reality and augmented reality applications
  • Development of new applications in smart home technologies
  • Integration with emerging technologies like IoT and wearable devices

Gesture Recognition Market Report Coverage

Market Gesture Recognition Market
Gesture Recognition Market Size 2022

USD 19.6 Billion

Gesture Recognition Market Forecast 2032 USD 117.5 Billion
Gesture Recognition Market CAGR During 2023 - 2032 22.3%
Gesture Recognition Market Analysis Period 2020 - 2032
Gesture Recognition Market Base Year
2022
Gesture Recognition Market Forecast Data 2023 - 2032
Segments Covered By Technology, By End-User, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Google, Inc., pmd technologies AG, Infineon Technologies AG, Microsoft Corporation, OmniVision Technologies Inc., Elliptic Labs, Qualcomm Technologies, Inc., eyeSight Technologies Ltd., Sony Corporation, Cognitec Systems GmbH., Microchip Technology, Inc., Intel Corporation, and PointGrab.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis

Gesture Recognition Market Insights

The expansion of digitalization across many businesses benefits market development. For instance, according to World Bank, digital technologies are revolutionizing economies, generating employment, and enhancing lives. They have profoundly impacted communications, business, healthcare, education, finance, and more.

Simplicity of selection due to low specialized complexity for end users is increasing its execution in the customer devices business. Several other businesses have also begun to use this concept. Furthermore, the touchless motion recognition exhibit is mostly affected by variables such as rising cleanliness awareness, government water protection measures, inexpensive maintenance costs, and booming friendliness and the travel sector.

The growing use of the Internet of Things and consumer electronics, combined with an increasing need for convenience and comfort in product use, is driving the growth of the signal recognition market. For instance, in April 2024, ROSHN collaborated with Cisco to explore Internet of Things technology for smart buildings.

Innovative developments and convenience will help the sector gain traction in the future years. For example, in November 2022, Hyundai Mobis, a South Korean car component manufacturer, introduced Quick Menu Selection, an innovative onboard digital display technology. This cutting-edge system detects proximity and responds to hand gestures, allowing users to swiftly access frequently used menus by waving near the display and touching their preferred option. By eliminating the need for manual manipulations, this technology streamlines interactions and enhances driving safety, allowing drivers to maintain focus and convenience while using in-vehicle infotainment.

Gesture Recognition Market Growth 2024 - 2032

Gesture Recognition Market Segmentation

The worldwide market for gesture recognition is split based on technology, end-user, and geography.

Gesture Recognition Technology

  • Touch-based
    • Multi-Touch System
    • Motion Gesture
  • Touchless
    • Capacitive/Electric Field
    • Infrared Array
    • Ultrasonic Technology
    • 2D Camera-Based Technology
    • 3D Vision Technologies

As per the gesture recognition industry analysis, the touch-based segment dominates the industry, because to its extensive use in consumer devices such as smartphones and tablets. Consumers choose this technology since it is easy to use and provides great accuracy. Furthermore, the growing demand for touch-enabled gadgets across a variety of industries, including automotive and gaming, reinforces its dominance. Continuous improvements in touch-based technology help to maintain its market leadership. For instance, May 2023: Doublepoint, a Helsinki-based business that specializes in touch-based micro gesture and surface interaction technologies, raised EUR 3 million (roughly USD 3.3 million) in a recent fundraising round. Superhero Capital, FOV Ventures, Superangel VC, Business Finland, and a group of angel investors spearheaded the investment. Doublepoint is set to deploy its cutting-edge gesture recognition technology into consumer devices and diverse hardware solutions thanks to this new funding.

Gesture Recognition End-User

  • Automotive
    • Lighting System
    • HUD
    • Biometric Access
    • Others
  • Consumer Electronics
    • Smartphone
    • Laptops & Tablets
    • Gaming Console
    • Smart TV
    • Set-Top Box
    • Head-Mount Display (HMD)
    • Others
  • Healthcare
    • Sign Language
    • Lab & Operating Rooms
    • Diagnosis
  • Others
    • Advertisement & Communication
    • Hospitality
    • Educational Hubs

According to the gesture recognition market forecast, the consumer electronics sector is expected to dominate the market because to its incorporation into smartphones, tablets, and gaming consoles, which provide improved user experiences. The growing desire for touchless interfaces and immersive applications has fueled advancements in gesture control technology. Key players such as Apple and Samsung use gesture recognition to differentiate their goods. For instance, In February 2024, Apple Inc. introduced the Vision Pro VR headset in U.S. stores, its first significant release in nine years. Priced at USD 3,500, the headset boasts advanced gesture recognition capabilities, providing cutting-edge virtual environments and interactions.

Gesture Recognition Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Gesture Recognition Market Drivers

Gesture Recognition Market Regional Analysis

For several reasons, the Asia-Pacific region led the market in terms of revenue and is expected to maintain its dominance in forecast year. This region accounts for the largest share of the global population, with China and India being among the fastest-growing economies in the world. Rising discretionary incomes and increased industrial digitization are expected to accelerate the region's economy. For example, Steradian Semiconductors Private Limited, a radar technology startup situated in Bengaluru, has inked a deal to be acquired by Renesas Electronics Corporation, a well-known semiconductor company, in August 2022. The acquisition is expected to broaden Renesas' range of HMI (Human-Machine Interface) technologies, such as gesture recognition.

Additionally, the Middle East and Africa (MEA) and Latin America are projected to be the most promising regions in the coming years. The MEA region has a dynamic young population and some of the highest per capita incomes globally. Improving lifestyles, coupled with increasing budgets and awareness regarding healthcare and sanitation, are driving market growth in these areas.

Gesture Recognition Market Players

Some of the top gesture recognition companies offered in our report include Google, Inc., pmd technologies AG, Infineon Technologies AG, Microsoft Corporation, OmniVision Technologies Inc., Elliptic Labs, Qualcomm Technologies, Inc., eyeSight Technologies Ltd., Sony Corporation, Cognitec Systems GmbH., Microchip Technology, Inc., Intel Corporation, and PointGrab.

Frequently Asked Questions

How big is the gesture recognition market?

The gesture recognition market size was valued at USD 19.6 billion in 2023.

What is the CAGR of the global gesture recognition market from 2024 to 2032?

The CAGR of gesture recognition is 22.3% during the analysis period of 2024 to 2032.

Which are the key players in the gesture recognition market?

The key players operating in the global market are including Google, Inc., pmd technologies AG, Infineon Technologies AG, Microsoft Corporation, OmniVision Technologies Inc., Elliptic Labs, Qualcomm Technologies, Inc., eyeSight Technologies Ltd., Sony Corporation, Cognitec Systems GmbH., Microchip Technology, Inc., Intel Corporation, and PointGrab.

Which region dominated the global gesture recognition market share?

Asia-Pacific held the dominating position in gesture recognition industry during the analysis period of 2024 to 2032.

Which region registered fastest CAGR from 2024 to 2032?

Asia-Pacific region exhibited fastest growing CAGR for market of gesture recognition during the analysis period of 2024 to 2032.

What are the current trends and dynamics in the global gesture recognition industry?

The current trends and dynamics in the gesture recognition industry include increasing adoption of gesture-based interfaces in consumer electronics, advancements in AI and machine learning technologies, and growing demand for touchless interaction in healthcare and automotive sectors

Which technology held the maximum share in 2023?

The touch-based expected to hold the maximum share of the gesture recognition industry. 

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