Growing requirement for consumer products based on advanced technologies is anticipated to propel demand for gesture recognition. This technology allows users to control several devices or gadgets through their gestures. Increasing adoption of touch-less technologies by consumers is expected to impel the demand for this technology in the years to come.
New Sensing Technology to Offer Touch-less Control
Major industry variants introducing gesture recognition technology into their products are healthcare, consumer electronics, and automotive. In the coming years, consumer electronics segment is expected to witness growth owing to ease of use and technological advancement. In addition, increasing adoption of Internet-of-Things (IoT) in consumer electronic devices can spur demand. Considering the rising demand, most companies involved are investing in R&D activities to develop more efficient and advanced gesture recognition technologies for consumer use.
For instance, eyeSight Technologies recently revealed its collaboration with Sony Mobile Communication to integrate its sensing technology into Xperia Touch, a portable projector. This projector enables projection of videos and images on flat surfaces and can convert them into interactive touchscreens. Its built-in camera and integrated sensing technology support users to control content projected from the device without touching the surface physically.
Market Insights
The global gesture recognition market is expected to reach USD 33.05 billion by 2025, according to a report by Grand View Research, Inc. Growing use of gesture recognition systems in automobile sector owing to increased awareness levels regarding safety regulations is expected to fuel its demand over the forecast period (from 2018 to 2025). Growing need for superior interaction between machines and humans is also predicted to drive the market growth. In addition, inclination of consumers towards application-based technologies may also have a positive impact on the market development in the years to come.
Rising demand for convenient and comfortable products among consumers is expected to further boost the market expansion in the coming years. Moreover, increasing adoption of consumer electronic products based on IoT is also estimated to propel growth of the market during the next few years. Some of the leading companies offering advanced gesture recognition based devices are Microsoft, Google, Apple, Intel, and Infineon Technologies AG.
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