The gesture recognition market, valued at $9.7 billion in 2020, is projected to grow at a 26.2% CAGR by 2026, driven by VR, AR, and automotive applications.
According to IMARC Group’s latest report, titled “Gesture Recognition Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, the global gesture recognition market reached a value of US$ 9.7 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 26.2% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Gesture Recognition refers to a Perceptual User Interface (PUI) that captures and interprets human gestures to control devices or applications. It relies on the camera to feed the image data into the sensing device, and the software correlates it with the default gesture library. When the gesture is interpreted, the machine focuses on the execution of the user’s instruction. At present, gesture recognition is gaining popularity in virtual reality (VR) and augmented reality (AR) environments to support e-learning.
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Market Trends
The increasing penetration of gesture recognition technology to provide an immersive and realistic gaming experience coupled with the growing number of professional gamers are primarily driving the market growth. Additionally, smart wearables with gesture recognition sensors are gaining traction in the healthcare industry as they facilitate contactless navigation of X-ray and MRI displays. Furthermore, several leading automotive manufacturers are incorporating gesture recognition in various systems, such as air conditioning, windows, and windshield wipers, to minimize driver workload and allow safe driving. Apart from this, the rising shift of the masses towards e-learning solutions due to the sudden outbreak of the COVID-19 pandemic leading to temporary closure of various educational institutes, is further anticipated to drive the market for gesture recognition devices.
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List of Key Companies Covered in this Market Report:
The report has segmented the market on the basis of technology, end use industry and geography.
Breakup by Technology:
Breakup by End Use Industry:
Breakup by Geography:
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The article discusses the gesture recognition market, its trends, growth, and forecast from 2021 to 2026.
How is gesture recognition technology impacting various industries?
What are the key drivers of growth in the gesture recognition market?
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