NEW YORK , Aug. 7, 2024 /PRNewswire/ -- The global gesture recognition solution market size is estimated to grow by USD 73.44 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 37.91% during the forecast period. Increasing development of processors supporting gesture recognition is driving market growth, with a trend towards increasing priority for tof cameras for gesture recognition.
However, low-value addition of gesture recognition feature in electronic devices poses a challenge. Key market players include Alphabet Inc., Apple Inc.
, Cipia Vision Ltd., Elliptic Laboratories AS, ESPROS Photonics Corp., GestureTek technologies, Infineon Technologies AG, Intel Corp.
, IrisGuard Ltd., Jabil Inc., Microchip Technology Inc.
, NVIDIA Corp., OMRON Corp., Qualcomm Inc.
, Sony Group Corp., STMicroelectronics International N.V.
, Synaptics Inc., Texas Instruments Inc., Ultraleap Ltd.
, and Vishay Intertechnology Inc.. Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Market Driver Gesture recognition software is integrated with sensors and various types of cameras, including 2D and 3D, in electronic devices to detect air gestures.
While 2D cameras can be used, they are less accurate in recognizing motion gestures. The demand for more accurate gesture control and facial recognition features in laptops and smartphones has led manufacturers like HP Development Company, Dell Technol.