Technavio, a tech-focused market research firm, has published a new report on the global gesture recognition market, which is expected to grow exponentially at a CAGR of close to 76% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global gesture recognition market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global gesture recognition market into the following key regions: The Americas, APAC, and EMEA.
Geographical segmentation of the global gesture recognition market for 2015 (market share %)
|
APAC |
51% |
|
Americas |
25% |
|
EMEA |
24% |
Source: Technavio
APAC: Largest revenue generating region in the global gesture recognition market
APAC dominated the global gesture recognition market in 2015 and accounted for around 51% of the total market share. It is the leading market for smartphones, computers, and hybrid and smart TVs with gesture technology. The primary revenue contributors in this region are China, India, Japan, and Indonesia. In 2015, the smartphone segment was the largest sector in the APAC market. China was the leading country in the adoption of gesture recognition technology in smartphones. Several manufacturers in China like Oppo, ZTE, and Gionee are offering low-cost smartphones with gesture recognition technology. Companies such as LG and Samsung are the prominent vendors selling smart electronics in the APAC market.
“China is the world’s largest consumer of smart TVs and accounted for around 27% of the market share in 2015. Xiaomi is capturing the market by offering low-cost smart TVs that include special features like gesture recognition technology. Recently, Alibaba partnered with Cisco to develop a smart TV operating system. Such initiatives for technical advancements will propel growth in the gesture recognition market,” says Navin Rajendra, lead analyst at Technavio, specializing in research on human machine interface.
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Gesture recognition market in the Amercias
The American market for gesture recognition occupied about 25% of the total market share during 2015. Samsung smartphones with gesture recognition are the largest revenue generators in this region. Other vendors like Qualcomm, Intel, and Texas Instruments offer smartphones with core chips or SoCs. The US is the largest regional market for gaming consoles. Companies like Sony and Microsoft are offering gesture recognition gaming consoles and are developing products that can adopt new and innovative technologies. Moreover, augment reality (AR) and virtual reality (VR) technology is gaining popularity in the US market. Key players like Intel, Qualcomm, Google, and Apple are also investing in the development of gesture recognition technology.
Gesture recognition market in the EMEA
The gesture recognition market is still growing in EMEA and in 2015, it occupied around 24% of the total market share. The increasing demand for smart TVs and tablets in Middle Eastern and Western Europe countries like Germany, the UK, and France is fueling the growth of the market in this region. Companies like Samsung and Apple are the leading vendors in the market providing smart TV, smartphones, and tablets to the consumers. The demand for new and technologically advanced products in the highest in the UK and Germany.
The top leading vendors operating in the global gesture recognition market are:
- ArcSoft
- Crunchfish
- eyeSight Technologies
- Intel
- Microsoft
- PointGrab
- Samsung
- SoftKinetic
- Sony
A more detailed analysis is available in the Technavio report tilted, ‘Global Gesture Recognition Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Gesture Recognition Market for Emerging Applications 2016-2020
- Global Smart Wearable Entertainment Devices and Services Market 2016-2020
- Global 2D Gesture Recognition Market for Consumer Electronics 2015-2019
- Global Gesture Recognition Market for Smartphones 2015-2019
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