New York, NY -- (SBWIRE) -- 02/08/2021 -- Gesture Recognition Technology Market

With the development of artificial intelligence (AI) technologies, voice and gesture recognition technology have evolved as an optimistic system. There have been continuous upgrades and advancements of technologies to ensure better gesture recognition technology in electronic devices like laptops, televisions, phones, hybrid vehicles, etc. The market is expected to grow at a significant rate during the forecast period due to the growing demand for technology-backed devices and the growing need for gesture recognition.

The growing developments of technology and increasing investments for research and development of better technologies will boost the market growth during the forecast period. The growing number of startups joining the market due to the optimistic future of the market will lead to the development of better technologies, thus boosting the market growth. Furthermore, the growing integration of AI in various electronic devices will encourage the demand for gesture recognition technology during the forecast period.

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The report further studies the significant trends and demands of the market in each key region of the market and analyzes the strategic steps and initiatives taken by the leading companies of the industry. Some of the major companies operating in the Gesture Recognition Technology market and profiled in the report are:

Infineon Technologies AG (Germany)
Qualcomm Technologies Inc. (U.S.)
EyeSight Technologies Ltd (Israel)
Cognitec Systems GmbH (Germany)
Intel Corporation (U.S.)
Crossmatch (U.S.)
Elliptic Labs (Norway)
PointGrab (Israel)
Google Inc. (U.S.)
Apple Inc. (U.S.)
Microsoft Corporation (U.S.)
Microchip Technology Inc. (U.S.)
OmniVision Technologies Inc. (U.S.)
Sony Corporation (Japan)
PMD Technologies AG (Germany)

The report covers the assessment of the historical data of the market to offer key insights into the current and emerging trends in the business sphere. The report considers 2017-2018 as historical years, 2019 as the base year, and 2021-2027 as forecast years. The report also discusses in detail the mergers and acquisitions, collaborations, joint ventures, product launches, brand promotions, corporate and government deals, and partnerships occurring in the market.

The report further segments the market on the basis of product types and application spectrum offered by the market.

Based on product types, the market is segmented into :

Touch-Based
Touchless

Based on applications, the market is segmented into :

Gaming
Aerospace and Defence
Automotive
Hospitality
Education
Medical Centre

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Regional Analysis

The Asia Pacific region is projected to dominate the market through the forecast period due to the leading position of the region in the market. The growing technological advancements in countries like China and Japan will be a major factor boosting the market growth. The growing demand for electric vehicles in the region will further boost the market during the forecast period. Furthermore, the growing disposable income of the people has led to an increased demand for smart devices like smartphones, smart televisions, which will, in turn, boost the demand for gesture recognition.

TOC -
Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2018-2027

Chapter 3. Indicative Metrics

Chapter 4. Market Segmentation & Impact Analysis

Continued……….

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The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter's Five Forces analysis to offer a better understanding of the Gesture Recognition Technology market and its competitive landscape.

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