The Global Market for Gesture Recognition is Projected to Exceed US$12.7 Billion by 2020

Expanding Applications to Drive the Global Gesture Recognition Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Gesture Recognition. The global market for Gesture Recognition is projected to exceed US$12.7 billion by 2020, driven by technology advancements, high accuracy and convenience attributes, expanding applications, and proliferation of consumer electronic devices.

In today’s digitized world, processing speeds continue to increase at a rapid pace supported by "Moore's law". However, human-machine-interface technologies continue to pose serious limitations in terms of ability to conveniently perform complex tasks. As a result, there is strong emphasis on developing new technologies and approaches to bridge the human-computer barrier, and make human interactions with systems more natural. The scenario brings into the spotlight gesture recognition as the interface technology of choice wherein human gestures are interpreted through mathematical algorithms to make accessing a range of controls on a machine easier. Gesture recognition is an interactive technique with the potential to deliver more creative, natural, and intuitive methods to communicate with computers and other electronic devices. The technology is used for expressing meaningful commands with full body motions, hand motions and/or facial expressions.

New generation gesture recognition technologies allow users to handle a range of machines such as personal navigation devices, computers, laptops, and mobile handsets through gestures as input commands, bringing in high level of convenience to the user. In gesture recognition, human gestures are either read by a camera or transmitted through special gloves. Conducted with techniques such as computer vision and image processing, gesture recognition technologies are growing in prominence among consumers and OEMs. The growing use of gesture recognition technology in gaming, healthcare, automation, consumer electronics, and automotive is benefiting market growth. Owing to high accuracy, easy interface, speed, and portability, gesture recognition is likely to bring a technological shift in smartphones and tablets. Consumer electronics sector represents the largest end-use market for gesture recognition solutions. Advanced technologies such as interactive displays, infrared, electric field, ultrasonic, MEMS, image sensors, and capacitive sensors are widely used in a range of consumer electronic devices for detecting human gestures. Automotive and healthcare applications are forecast to emerge as potential high growth markets for gesture recognition technologies.

Emerging technologies such as infrared, ultrasonic, electric/capacitive near field, and 3D technologies are expected to register significant rise in demand in the coming years. 3D vision & gesture tracking technology, in particular, is gaining considerable attention and traction in the market. Growing applications of 3D image recognition technologies, particularly the Time-of-Flight (ToF), are driving growth in the gesture recognition market. However, the lack of standardization of gesture movements poses a challenge to market growth.

As stated by the new market research report on Gesture Recognition, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 53.1% over the analysis period. The growth in the region is largely driven by economic development, boom in entertainment and consumer electronics, and growing demand for intuitive user interfaces in automobile, industrial and medical electronics.

Key players covered in the report include CogniVue, Elliptic Laboratories AS, Extreme Reality, eyeSight Technologies Ltd., Gestsure Technologies, GestureTek, Intel Corporation, Microsoft Corporation, PointGrab, Qualcomm, Inc., and SoftKinetic, among others.

The research report titled “Gesture Recognition: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product innovations and strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America, and Rest of World.