Gesture recognition solution market size to grow by USD 36.01493 billion; Driven by the rising implementation of HMI technologies in the automotive industry - Technavio

NEW YORK, Feb. 17, 2023 /PRNewswire/ -- According to Technavio, the global gesture recognition solution market size is estimated to grow by USD 36014.93 million from 2022 to 2027. The market is estimated to grow at a CAGR of 28.13% during the forecast period. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 5,576.01 million. APAC will account for 49% of the market growth during the forecast period. For more Insights on market size Request a sample report

Gesture recognition solution market - Five Forces
The global cloud data warehouse market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Gesture recognition solution market – Customer Landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Gesture recognition solution market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on technology (touch-based and touchless), application (gaming consoles, smartphones, automobiles, and PCs), and geography (APAC, North America, Europe, Middle East and Africa, and South America). 

• The market growth in the touch-based segment will be significant during the forecast period. Smartphone OEMs are trying to integrate advanced technologies into their devices to enhance the consumer experience. This is increasing the use of touch-based gesture recognition features in smartphones, which is driving the growth of the segment.

Geography Overview
By geography, the global gesture recognition solution market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global gesture recognition solution market.

• APAC will account for 49% of the market growth during the forecast period. The growth of the regional market is mainly driven by the increasing demand for smartphones. In addition, the region is home to leading electronic device manufacturers such as Sony, SAMSUNG, and Lenovo, which is fostering the growth of the gesture recognition solution market in APAC.

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Gesture recognition solution market – Market Dynamics

Key factor driving market growth

• The market is driven by the rising implementation of HMI technologies in the automotive industry.
• The rising popularity of connected and autonomous vehicles is increasing the penetration of HMI technologies in the automobile industry.
• Automakers are adopting HMI technologies to reduce distraction while driving and also to enhance convenience in performing multiple operations in a single infotainment system.
• Many luxury vehicle manufacturers offer innovative technologies for controlling in-car infotainment systems as product differentiators.
• All these factors are increasing the penetration of gesture control technologies, which is driving the growth of the market.

Leading trends influencing the market 

• Increasing priority for ToF cameras for gesture recognition is a key trend in the market.
• Conventional 3D cameras used in laptops and smartphones consume more power, which results in faster battery discharge.
• To overcome such challenges, ToF cameras are being introduced in smartphones.
• ToF cameras use laser sources for depth sensing. Hence, they consume less power than other types of 3D cameras.
• The growing need for more accurate gesture control and the introduction of facial recognition features in electronic devices such as laptops and smartphones will further increase the use of ToF cameras during the forecast period.

Major challenges hindering market growth

• The limited accuracy in recognizing motion gestures is one of the major challenges in the market.
• One of the prevailing drawbacks of gesture recognition technology is its limited accuracy in capturing gestures.
• The lack of accuracy can happen due to computational issues that occur due to poor lighting conditions.
• Poor lighting conditions cause difficulty in distinguishing between the foreground and background features, resulting in the inaccurate detection of hand and other body movements.
• The lack of accuracy in recognizing motion gestures is limiting the adoption of gesture recognition technology among end-users, which is reducing the growth potential in the market.

Driver, trend, and challenges are the factor of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report.

What are the key data covered in this gesture recognition solution market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the gesture recognition solution market between 2023 and 2027
• Precise estimation of the size of the gesture recognition solution market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the gesture recognition solution market industry across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of gesture recognition solution market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global gesture recognition solution market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global gesture recognition solution market 2017 - 2021 ($ million)

• 4.2 Technology Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Technology Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Technology

• 6.1 Market segments 
• Exhibit 30: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Technology - Market share 2022-2027 (%)

• 6.2 Comparison by Technology 
• Exhibit 32: Chart on Comparison by Technology
• Exhibit 33: Data Table on Comparison by Technology

• 6.3 Touch-based - Market size and forecast 2022-2027
• Exhibit 34: Chart on Touch-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Touch-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Touch-based - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Touch-based - Year-over-year growth 2022-2027 (%)

• 6.4 Touchless - Market size and forecast 2022-2027
• Exhibit 38: Chart on Touchless - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Touchless - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Touchless - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Touchless - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Technology 
• Exhibit 42: Market opportunity by Technology ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 43: Chart on Application - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 45: Chart on Comparison by Application
• Exhibit 46: Data Table on Comparison by Application

• 7.3 Gaming consoles - Market size and forecast 2022-2027
• Exhibit 47: Chart on Gaming consoles - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Gaming consoles - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Gaming consoles - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Gaming consoles - Year-over-year growth 2022-2027 (%)

• 7.4 Smartphones - Market size and forecast 2022-2027
• Exhibit 51: Chart on Smartphones - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Smartphones - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Smartphones - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Smartphones - Year-over-year growth 2022-2027 (%)

• 7.5 Automobiles - Market size and forecast 2022-2027
• Exhibit 55: Chart on Automobiles - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Automobiles - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Automobiles - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Automobiles - Year-over-year growth 2022-2027 (%)

• 7.6 PCs - Market size and forecast 2022-2027
• Exhibit 59: Chart on PCs - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on PCs - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on PCs - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on PCs - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Application 
• Exhibit 63: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 South Korea - Market size and forecast 2022-2027
• Exhibit 105: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Alphabet Inc. 
• Exhibit 116: Alphabet Inc. - Overview
• Exhibit 117: Alphabet Inc. - Business segments
• Exhibit 118: Alphabet Inc. - Key news
• Exhibit 119: Alphabet Inc. - Key offerings
• Exhibit 120: Alphabet Inc. - Segment focus

• 12.4 Apple Inc. 
• Exhibit 121: Apple Inc. - Overview
• Exhibit 122: Apple Inc. - Business segments
• Exhibit 123: Apple Inc. - Key news
• Exhibit 124: Apple Inc. - Key offerings
• Exhibit 125: Apple Inc. - Segment focus

• 12.5 Cipia Vision Ltd. 
• Exhibit 126: Cipia Vision Ltd. - Overview
• Exhibit 127: Cipia Vision Ltd. - Product / Service
• Exhibit 128: Cipia Vision Ltd. - Key offerings

• 12.6 GestureTek technologies 
• Exhibit 129: GestureTek technologies - Overview
• Exhibit 130: GestureTek technologies - Product / Service
• Exhibit 131: GestureTek technologies - Key offerings

• 12.7 Infineon Technologies AG 
• Exhibit 132: Infineon Technologies AG - Overview
• Exhibit 133: Infineon Technologies AG - Business segments
• Exhibit 134: Infineon Technologies AG - Key news
• Exhibit 135: Infineon Technologies AG - Key offerings
• Exhibit 136: Infineon Technologies AG - Segment focus

• 12.8 Intel Corp. 
• Exhibit 137: Intel Corp. - Overview
• Exhibit 138: Intel Corp. - Business segments
• Exhibit 139: Intel Corp. - Key news
• Exhibit 140: Intel Corp. - Key offerings
• Exhibit 141: Intel Corp. - Segment focus

• 12.9 IrisGuard Ltd. 
• Exhibit 142: IrisGuard Ltd. - Overview
• Exhibit 143: IrisGuard Ltd. - Product / Service
• Exhibit 144: IrisGuard Ltd. - Key offerings

• 12.10 Jabil Inc. 
• Exhibit 145: Jabil Inc. - Overview
• Exhibit 146: Jabil Inc. - Business segments
• Exhibit 147: Jabil Inc. - Key offerings
• Exhibit 148: Jabil Inc. - Segment focus

• 12.11 Microchip Technology Inc. 
• Exhibit 149: Microchip Technology Inc. - Overview
• Exhibit 150: Microchip Technology Inc. - Business segments
• Exhibit 151: Microchip Technology Inc. - Key offerings
• Exhibit 152: Microchip Technology Inc. - Segment focus

• 12.12 NVIDIA Corp. 
• Exhibit 153: NVIDIA Corp. - Overview
• Exhibit 154: NVIDIA Corp. - Business segments
• Exhibit 155: NVIDIA Corp. - Key news
• Exhibit 156: NVIDIA Corp. - Key offerings
• Exhibit 157: NVIDIA Corp. - Segment focus

• 12.13 OMRON Corp. 
• Exhibit 158: OMRON Corp. - Overview
• Exhibit 159: OMRON Corp. - Business segments
• Exhibit 160: OMRON Corp. - Key news
• Exhibit 161: OMRON Corp. - Key offerings
• Exhibit 162: OMRON Corp. - Segment focus

• 12.14 Qualcomm Inc. 
• Exhibit 163: Qualcomm Inc. - Overview
• Exhibit 164: Qualcomm Inc. - Business segments
• Exhibit 165: Qualcomm Inc. - Key news
• Exhibit 166: Qualcomm Inc. - Key offerings
• Exhibit 167: Qualcomm Inc. - Segment focus

• 12.15 STMicroelectronics NV 
• Exhibit 168: STMicroelectronics NV - Overview
• Exhibit 169: STMicroelectronics NV - Business segments
• Exhibit 170: STMicroelectronics NV - Key news
• Exhibit 171: STMicroelectronics NV - Key offerings
• Exhibit 172: STMicroelectronics NV - Segment focus

• 12.16 Synaptics Inc. 
• Exhibit 173: Synaptics Inc. - Overview
• Exhibit 174: Synaptics Inc. - Product / Service
• Exhibit 175: Synaptics Inc. - Key news
• Exhibit 176: Synaptics Inc. - Key offerings

• 12.17 Ultraleap Ltd. 
• Exhibit 177: Ultraleap Ltd. - Overview
• Exhibit 178: Ultraleap Ltd. - Product / Service
• Exhibit 179: Ultraleap Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 180: Inclusions checklist
• Exhibit 181: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 182: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 183: Research methodology
• Exhibit 184: Validation techniques employed for market sizing
• Exhibit 185: Information sources

• 13.5 List of abbreviations 
• Exhibit 186: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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