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The Global Gesture Recognition Market size is expected to reach $21.2 billion by 2023, rising at a market growth of 21% CAGR during the forecast period. Gesture recognition is the conversion of hominid movements or gestures by incorporating mathematical algorithms and as a result, enabling people to interrelate with the machines in the absence of physical devices, as an input mechanism to perform necessary actions in a system. Rapid growth in the uptake in consumer electronics, Internet of Things (IoT), growing demand for comfort & convenience in product usage are some of the additional factors that drive the growth of the market during the forecast period.
Based on Type, the market report segments the market into Touchless and Touch Based. Touchless type includes CapacitiveElectric Field, Infrared Arrayo, Ultrasonic Technology, 2D Camera-Based Technology, and Others. Touch based includes Multi-Touch System and Motion Gesture. Based on Vertical, the market report segments the market into Consumer Electronics, Automotive, Healthcare, and Others. Based on Regions, the Gesture Recognition market segments the market into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the analysis of key stake holders of the Gesture Recognition Market. Key companies profiled in the report include Google, Inc. (Alphabet Inc.), Apple Inc., eyeSight Technologies Ltd., Infineon Technologies AG, Intel Corporation, Microchip Technology Incorporated, Microsoft Corporation, Qualcomm Incorporated, Sony Corporation (SoftKinetic), and Synaptics Incorporated.