IMARC Group, a leading market research company, has recently released a report titled “2D Gesture Recognition Market Report by Technology (Touch-Based Gesture Recognition, Touch-Less Gesture Recognition), Industry Vertical (Automotive, Consumer Electronics, Banking Financial Services and Insurance (BFSI), Government, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the 2d gesture recognition market trends, size, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global 2D gesture recognition market size reached US$ 135.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 883.2 Million by 2032, exhibiting a growth rate (CAGR) of 22.44% during 2024-2032.
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Factors Affecting the Growth of the 2D Gesture Recognition Industry:
- Adoption of Advanced Technologies like AR and VR
The increasing adoption of augmented reality (AR) and virtual reality (VR) technologies is a significant driver of the 2D gesture recognition market. AR and VR systems rely heavily on intuitive and immersive user interfaces to deliver a seamless experience. Gesture recognition plays a crucial role in this by allowing users to interact naturally with virtual environments without the need for physical controllers. In AR, gesture recognition can overlay digital information onto the real world, enabling users to manipulate virtual objects through natural hand movements.
- Proliferation of Smart Devices
The proliferation of smart devices, such as smartphones, tablets, and smartwatches, significantly impacts the 2D gesture recognition market. As these devices become more prevalent, manufacturers are increasingly integrating gesture-based controls to enhance user interaction and convenience. Gesture recognition allows users to perform actions such as swiping, pinching, or tapping without physical buttons, offering a more intuitive and fluid user experience. This technology improves accessibility and functionality by enabling users to control devices through natural hand movements, which can be particularly beneficial for people with disabilities.
- Rise of IoT and Smart Home Applications
The rise of the Internet of Things (IoT) and the increasing adoption of smart home applications significantly drive the growth of the 2D gesture recognition market. IoT refers to the network of interconnected devices that communicate and interact with each other, enabling automation and remote control of various household systems. Gesture recognition technology enhances this experience by allowing users to control their smart home devices through intuitive hand movements rather than traditional interfaces. The integration of gesture recognition into smart home systems addresses growing consumer demands for touchless and user-friendly controls, especially in light of concerns about hygiene and ease of use.
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2D Gesture Recognition Market Report Segmentation:
By Technology:
- Touch-Based Gesture Recognition
- Touch-Less Gesture Recognition
Touch-based gestures dominated the segment due to their widespread adoption in consumer electronics and intuitive interface design.
By Industry Vertical:
- Automotive
- Consumer Electronics
- Banking Financial Services and Insurance (BFSI)
- Government
- Others
The BFSI sector led the market as it increasingly integrates gesture recognition for secure and efficient customer interactions and transaction processes.
Regional Insights:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
North America emerged as the largest market due to its early adoption of advanced gesture recognition technologies and the presence of major technology companies driving innovation in the region.
Global 2D Gesture Recognition Market Trends:
The global 2D gesture recognition market is driven by several key factors, such as the increasing adoption of advanced technologies such as augmented reality (AR) and virtual reality (VR) fuels the demand for intuitive human-computer interaction, making gesture recognition a vital component. In line with this, the proliferation of smart devices, including smartphones and tablets, which incorporate gesture-based controls for enhanced user experience, significantly propels the market growth. Additionally, the rising interest in the Internet of Things (IoT) creates opportunities for gesture recognition in smart home applications, allowing users to control connected devices effortlessly. Furthermore, advancements in machine learning and computer vision technologies contribute to the development of more accurate and reliable gesture recognition systems.
Top Companies Operated in 2D Gesture Recognition Industry:
- Crunchfish
- GestureTek
- Ultraleap
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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Recently published a report entitled Gesture Recognition Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.
Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The broad gesture recognition market has been sub-grouped into type and end-user.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Gesture Recognition Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/gesture-recognition-market/download-sampleBy TypeTouch-basedMulti-Touch SystemMotion GestureTouchlessCapacitive/Electric FieldInfrared ArrayUltrasonic Technology2D Camera-Based Technology3D Vision TechnologiesBy End-UserAutomotiveConsumer ElectronicsHealthcareOthersThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the gesture recognition market include Alphabet Inc., Apple Inc., eyeSight Technologies Ltd, Infineon Technologies AG, Intel Corporation, Microchip Technology Incorporated, Microsoft Corporation, QUALCOMM IncorporatedSOFTKINETIC, and Synaptics Incorporated.
Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Automotive Gesture Recognition market during the historical period of 2012 – 2016.
The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2022, and key prospects over the forecast period 2017 – 2022.As per the meticulous research study on ‘Automotive Gesture Recognition Market’ compiled by Fact.MR for a forecast timespan of 2017 to 2022, the market valued at US$ 1,119.6 Mn and is projected to value approximately US$ 4,239.4 Mn by 2022 end.
Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Automotive Gesture Recognition market, both at global and regional levels.
The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Automotive Gesture Recognition market.Request to View Sample of Report @ https://www.factmr.com/connectus/sample?flag=S_id=20To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions.
The key regions comprise the following geographical segments:North AmericaLatin AmericaEuropeJapanAPEJMEAThe detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas.
Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.
Overview:Gesture recognition is a technology that establishes a communication between a man and a machine, and this could be anywhere, be it home, office, or automobile.
The global gesture recognition market is all set to gain effective tailwinds to clock impressive CAGR during the forecast period (2018-2023).
A lot of games for XBOX and PlayStations are getting developed with gesture control technology and it has a huge market to cater to.
Get More Details of Report @ https://www.abnewswire.com/pressreleases/covid19-impact-on-gesture-recognition-market-2020-global-trends-revenue-analysis-segmentation-competitive-landscape-future-plans-and-forecast-2023_487619.htmlCompetitive Landscape:Several companies are showing keen interest in taking the global Gesture Recognition Industry ahead.
These companies are Intel Corporation (U.S), Microsoft Corporation (U.S.), Iris guard (Jordan), Apple Inc. (U.S), Prime Sense Limited (Isreal), Qualcomm Inc. (U.S), SoftKinetic (Belgium), Omron Corporation (Japan), Infineon Technologies (Germany), Texas Instruments (U.S.), and others.
MRFR profiled these companies for a better look into trends that could define the coming years.Google is planning to launch its Project Soli radar chips with Google Pixel 4, which would help the brand in installing programs with gesture-based controls.
What is gesture recognition?Gesture recognition is a type of perceptual computing user interface that allows computers to capture and interpret human gestures as commands.
Most consumers are familiar with the concept through Wii Fit, X-box and PlayStation games.How is a “gesture” defined?In order to understand how gesture recognition works, it is important to understand how the word “gesture” is defined.
In the world of gesture recognition, a gesture is defined as any physical movement, large or small, that can be interpreted by a motion sensor.
It may include anything from the pointing of a finger to a roundhouse kick or a nod of the head to a pinch or wave of the hand.
It enables the natural interactions through the help of electronics which surrounds us.
The demand for the gesture recognition technology in electronic devices is growing because of several factors including enhanced functionalities, technological advancement, and reduced prices.
