Emerging trends such as streamlining technologies for specific applications and growing product diversification are expected to drive the global gesture recognition market over the forecast period. Gesture recognition includes functionalities to understand human actions as well as automated system. Improvement in quality of service and enhanced user experience has gained prominence over the past few years. Integration of gesture recognition in smartphones, tablets and laptops is expected to highly commercialize the technology over the next six years. The market is expected to grow exponentially owing to emerging scope in various end-use industries such as hospitals and electronics. Growing need for automated systems in BFSI industry is also expected to drive the gesture recognition market. Additionally, factors such as increased adoption by OEMs and deployment in existing devices are expected to favorably impact the market growth. Lack of awareness and high initial costs are some of the factors that may hamper market growth through the forecast period.
The market has tremendous opportunities in touch-less sanitary equipment for residential use. The gesture recognition market has expanded into automotive applications and is expected to generate high revenue over the forecast period. It has also got platform for expansion in the bio-metrics field which may drive the market in the near future.
The market can be segmented on the basis of product and technology. Segmentation on the basis of productincludes bio-metric and sanitary products. Bio-metric and sanitary field are expected to drive market due to security and hygiene issues. Europe is the market leader followed by North America; Asia Pacific is expected to exhibit high growth over the forecast period.
Market segmentation on basis of technology includes 3D, 2D, ultrasonic, IR and capacitive. Major market participants include Microsoft, Qualcomm, Gesture Technologies and Softkinetic.
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