The global gesture recognition solution market is expected to post a
CAGR of close to 76% during the period 2019-2023, according to the
latest market research report by Technavio.
However, the growth momentum will decelerate in the coming years
because of the decrease in year-over-year growth.
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Technavio has published a new market research report on the global gesture recognition solution market from 2019-2023. (Graphic: Business Wire)
With the growing need to improve safety and to reduce fatalities due to
vehicular accidents, vehicle manufacturers are increasingly focusing on
implementing HMI technologies in their vehicles, especially in
autonomous models. Moreover, the requirement of convenience and comfort
has significantly improved automotive infotainment systems that perform
multiple operations. However, this creates a distraction while driving,
increasing the safety threat for occupants in a vehicle. This has
compelled luxury vehicle manufacturers to offer innovative technologies
such as gesture recognition solution for controlling in-car infotainment
systems, as product differentiators. Thus, the rising implementation of
HMI technologies in the automotive industry will propel the demand for
gesture recognition technologies during the forecast period.
As per Technavio, the increasing priority for ToF cameras for gesture
recognition will have a positive impact on the market and contribute to
its growth significantly over the forecast period. This global
gesture recognition solution market 2019-2023 research
report also analyzes other significant trends and market drivers that
will affect market growth over 2019-2023.
Global gesture recognition solution market:
Increasing priority for ToF cameras for gesture recognition
The need for accurate gesture control and the introduction of facial
recognition features in electronic devices have compelled electronic
device manufacturers to implement 3D cameras into their products. There
are various types of 3D depth-sensing cameras, such as structured light
cameras, passive stereo cameras, active stereo cameras, and ToF cameras.
Structured light cameras and stereo cameras consume more power,
resulting in fast battery discharge. Hence, to overcome this drawback,
ToF cameras are increasingly being used in smartphones. ToF cameras emit
IR light signals for devices and measure the time required for light
signals to reflect, that allows them to analyze the depth of the image
by differentiating between the light reflected from different parts of
the body. Therefore, the adoption of ToF cameras is expected to increase
significantly during the forecast period, thereby, fueling the gesture
recognition solutions market.
“Apart from the increasing priority for ToF cameras for gesture
recognition, other factors such as the growing market consolidation, and
the rise in a number of gesture recognition-related patents will have a
significant impact on the growth of the gesture recognition solution
market during the forecast period,” says a senior research analyst
at Technavio.
Global gesture recognition solution market:
Segmentation analysis
This market research report segments the global gesture recognition
solution market by product (gaming consoles, PCs, smartphones, and
automobiles) and geographic regions (APAC, the Americas, and EMEA).
The APAC region led the market in 2018, followed by the Americas, and
EMEA, respectively. The market growth in APAC can be attributed to the
presence of the manufacturing plants and assembly plants of European
automotive manufacturers in the region. The increasing sales of
automobiles equipped with gesture recognition technology also drive
growth.
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- Market positioning of vendors
- Competitive scenario
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190516005564/en/