The Gesture Recognition in Consumer Electronics Market is estimated to hit $25.94 billion by 2023

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The Gesture Recognition in Consumer Electronics
Market is estimated to hit 25.94 billion by 2023
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Asia-pacific holds the highest gesture
recognition devices market share, and is
estimated to grow at a CAGR of 40.6 from 2.411
billion in 2017 to 17.026 billion by 2023. The
main reason for the growth of the market in this
region is a heavily populated area, and is having
major market share for computing
devices. Americas is one of the dominant markets
in gesture recognition in the consumer
electronics market. The main reason for the
growth of this market is due to the use of
sensors that are rapidly increasing in computing
devices for different types of gestures.
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Selected Analysis done in the full Report
Gesture recognition technology is based on the
sensors, which is used in various electronic
devices such as gaming devices, smartphones,
tablets, laptops, PCs, smart televisions, set top
boxes and wearable devices. Each and every
product has its own lifespan. Laptops and PCs
hardware lifespan is about 5-6 years, and the
apps and software applications need to be updated
every 5-6 months that depends on the app that is
used in the system. The life span of gaming
devices with gesture technology is less which is
around one year. Gaming gesture related software
should be updated every 2-3 months, and usually
depends on the app.
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Excerpts on Market Growth Factors Mentioned in
the Full Report
The ease of using gesture recognition technology
has led to the increasing adoption of this
technology in various applications including
aerospace, building automation, medical
applications, and automobile applications. The
growing adoption rate is projected to propel the
market growth. Integration of gesture
recognition systems in cars, trucks etc. are
found to enhance the levels of safety of drivers
and passengers by enabling the user to control
various devices by simple gestures. This factor
is expected to drive significant growth for the
market.
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Key Players of the Gesture Recognition in
Consumer Electronics Market

• ELLIPTIC LABS
• EYESIGHT TECHNOLOGY, LTD.
• GESTURETEK, INC.
• GESTIGON GMBH
• LEAP MOTION
• LG ELECTRONICS INC.
• MICROCHIP TECHNOLOGY INC.
• MOVEA SA and Others

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