The gesture recognition solution market size is poised to grow by USD 3.15 billion during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
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Technavio announced its latest market research report titled global gesture recognition solution market 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 vehicles, especially in autonomous models. Moreover, the requirement of convenience and comfort has significantly improved automotive infotainment systems that perform multiple operations. However, infotainment system may distract drivers, thus, increasing the safety threat for occupants in a vehicle. This has led luxury vehicle manufacturers to offer innovative technologies such as gesture recognition solutions for controlling in-car infotainment systems. Thus, the rising implementation of HMI technologies in the automotive industry will propel the demand for gesture recognition technologies during the forecast period.
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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 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Gesture Recognition Solution Market: Increasing Adoption of 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.
“Other factors such as the rise in number of gesture recognition-related patents, along with increasing market consolidation in the gesture recognition solution ecosystem will have a significant impact on the growth of the market during the forecast period,” says a senior analyst at Technavio.
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Gesture Recognition Solution Market: Segmentation Analysis
This market research report segments the gesture recognition solution market by product (gaming consoles, PCs, smartphones, and automobiles) and geography (Americas, APAC, 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 a high concentration of gesture recognition OEMs.n. The increasing sales of automobiles equipped with gesture recognition technology will also drive market growth in the region.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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