Rapid Advancement in Electronics and Semiconductor is Propelling the growth of Gesture Recognition Technology Market
According to a new report published by Reports Monitor titled, “Global Gesture Recognition Technology Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Gesture Recognition Technology market was valued at XX million in 2017, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Gesture Recognition is perceptual computing technology which allows computers to capture and recognize human gestures as command. It provides with a touchless user interface.
Increased digitalization within various commercial sectors and advancement in technology is majorly driving the growth of market. Moreover increased adoption this technology owing low technical complexities is also upholding the growth of market. However, high power consumption by this technology is mainly restraining the growth of market.
This report provides a detailed analysis of Gesture Recognition Technology market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
Global gesture recognition market is mainly bifurcated on the basis of technology, product and applications. Based on technology, market is bifurcated into: sensors, 2D gesture technology and 3D gesture technology, while on the basis of product, market is bifurcated into: touchless and touch based system. Based on the area of applications, market is bifurcated into: automotive, healthcare, transportation, IT, commercial, telecom and others.
On the basis of the region the market is analyzed over: North America, Europe, Asia-Pacific and Latin America, Middle East and Africa (LAMEA). Rapid research and development by the major players is mainly propelling the growth of North American region, while increased smart phone and mobile users is mainly facilitating the growth of Asia Pacific region.
Some of the key players in the market are Microsoft Corporation, Intel Corporation, Apple Inc. , Iris guard , Qualcomm Inc., Prime Sense Limited , Omron Corporation , SoftKinetic , Texas Instruments , Infineon Technologies and others.
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