London, 14 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the gesture recognition market for gaming consoles 2015-2019, which is expected to grow at a CAGR of 48% during the period of 2014-2019.
Source: Technavio Research
Reduction in the price of Kinect sensors is the primary factor that propels growth in this market. The launch of new games that can be played with gesture recognition is another factor that will increase the demand for Kinect sensors. The availability of multifunctional gaming consoles that not only support games but also enable gamers to watch videos, listen to music, browse the Internet, and download videos will augment the prospects of growth in this market.
“Pico projectors are tiny, lightweight next-generation devices that are very portable compared to traditional projectors. In 2012, Samsung released the Galaxy Beam, and in 2014 it was upgraded to include a tiny projector. LG and Micromax also have smartphones with projectors, and we can expect many more smartphones in the future with pico projectors,” says Faisal Ghaus, Vice President of Technavio.
“These projectors can be placed in smartphones and tablets to beam videos and photos onto any surface. But in the near future, we can expect gaming consoles to be integrated with 3D cameras, pico projectors, and depth sensors to create amazing experiences for users.”
Key Market Drivers:
- Development of 3D Cameras.
- Availability of Multifunctional Gaming Consoles.
- Motion-Control Gaming.
Key Market Trends:
- Increase in Number of Vendors.
- Increased use of Pico Projectors.
- Power-Free Gesture Recognition.
Key Market Vendors:
- Microsoft
- SoftKinetic
- Sony
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
