Gesture Recognition Market to Reach $18.98 Billion by 2022 - Driven by Surging Application of Gesture Control Features in Automobiles - Research and Markets

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Apr 03, 2017, 08:45 ET

DUBLIN, April 03, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Gesture Recognition and Touchless Sensing Market - Global Forecast to 2022" report to their offering.

According to the the forecast, the gesture recognition market is expected to be worth USD 18.98 Billion by 2022, growing at a CAGR of 29.63% between 2017 and 2022. The touchless sensing market is expected to be worth USD 15.27 Billion by 2022, growing at a CAGR of 17.44% between 2017 and 2022. The major drivers for the market include the surging application of gesture control features in automobiles, increasing digitalization across industries, favorable programs deployed by government, and reduction of hygiene concerns due to presence of touchless sanitary solutions.

The report covers the gesture recognition market on the basis of technology, industry, and geography; whereas touchless sensing market is based on technology, product, industry, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. The report also profiles the key players operating in the gesture recognition and touchless sensing market.

The touch-based gesture recognition technology held a larger share of the gesture recognition market in 2016 due to the larger customer base for touch-based devices. There are two types of touch-based gesture recognition technologies multi-touch and motion gesture. These technologies allow a user to make a certain gesture by touching a device or through a controller connected to the device.

In the gesture recognition market, the consumer electronics industry held the largest share in 2016, while the healthcare industry is expected to grow at the highest rate during the forecast period. The increased hygiene concern across the healthcare industry is expected to have a major influence on the gesture recognition market and would accelerate the adoption of gesture control devices throughout the forecast period. Therefore, the convenience associated with the gesture control devices is expected to influence the healthcare industry during the forecast period.

Companies Mentioned

Apple, Inc.
Cognitec Systems GmbH
Crossmatch
Elliptic Labs
Eyesight Technologies Ltd.
Gesture Research
Google, Inc.
Infineon Technologies AG
Intel Corporation
Key Innovators
Meta
Microchip Technology, Inc.
Oblong Industries
Omnivision Technologies, Inc.
Pmdtechnologies AG
Pointgrab
Qualcomm Technologies, Inc.
Sony Corporation
Xyz Interactive Technologies, Inc

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Gesture Recognition Market, By Technology

8 Gesture Recognition Market, By Industry

9 Touchless Sensing Market, By Technology

10 Touchless Sensing Market, By Product

11 Touchless Sensing Market, By Industry

12 Geographic Analysis

13 Competitive Landscape

14 Company Profiles

15 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/3x7zl3/gesture

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SOURCE Research and Markets