Global 3D Gesture Recognition MarketPosted by chetana on December 14th, 2020 Global 3D gesture recognition market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of ~20% during the forecast period.
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis. Market Definition 3D gesture recognition is an emerging concept in language technology and computer science sector with an objective to interpret human gestures using mathematical algorithms. Gestures can be created from any physical status or motion but normally originate from the hand or face. 3D gesture recognition technology allows direct human interaction with the automobiles, electronics at home and at work. Market Dynamics 3D gesture recognition is increasingly becoming one of the most attractive and emerging technologies of research in pattern recognition. The growing use of 3D gesture technology for animation and computer-generated images (CGI) is the major driving factor behind the growth of the market. An increasing adoption of 3D gesture recognition technology in automotive industry for automotive vehicles and in next generation smart devices, growing significance of 3D gesture recognition technology in consumer electronics, gaming, home automation, and defence sectors and continuous advancements in touch less 3D gesture recognition technology are expected to improve growth of the market during the forecast period. However, the number of challenges associated with the usefulness and accuracy of 3D gesture recognition software and high cost related with advanced visual sensors and components are the major restraining factors that could restrict the growth of the market. Global 3D Gesture Recognition Market: Segmentation Analysis By industry, consumer electronics segment dominated the market in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The growing market for mobile devices from the last decade has been significantly driven by visualization and interaction technologies. A surge in the adoption of 3D gesture recognition technology in consumer electronic products such as Smartphone’s, laptops, tablets, smart televisions, PCs, set top boxes and many others is accredited to the growth of the market. A growing digitization across consumer electronics industry, increasing adoption of consumer electronics and the Internet of Things based products and rising consumer demand for convenience and comfort in product usage are further expected to impel growth of the market during the forecast period. Alternatively, automotive industry is projected to witness high growth at a CAGR of XX% during the forecast period. A growing adoption of 3D gesture recognition system in automotive vehicles by various leading car manufacturing companies is attributed to the growth of the market. A 3D gesture recognition system in automotive cars provide some benefits such as enhanced user experience, improved vehicle safety and decreased workload of the driver, which is ultimately making them most ideal choice in automotive market. In addition, 3D gesture recognition system in car enables the user or driver to perform tasks such as accept or reject phone calls, turn down or turn up the volume and many others by using touch less hand gestures, which is ultimately driving the growth of the market. Global 3D Gesture Recognition Market: Regional Analysis Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The economies such as China, India, South Korea, and Japan are the major key contributors behind the growth of the market. The growth is attributed to the high adoption of 3D gesture recognition technology in various end-user industries across the region. A surge in the demand of 3D gesture enabled consumer electronics products such as Smartphone, smart TVs and tablets, high disposable income of consumers across the region, growing market for touch less sensors, rapid growth in automotive and consumer electronics industry, increasing introduction of 3D gesture recognition controllers by leading market players and rising demand of hand gesture based recognition system in various applications are driving the growth of the market in APAC region. The objective of the report is to present a comprehensive analysis of the Global 3D Gesture Recognition Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global 3D Gesture Recognition Market dynamics, structure by analyzing the market segments and projects the Global 3D Gesture Recognition Market. Clear representation of competitive analysis of key players by application, price, financial position, product portfolio, growth strategies, and regional presence in the Global 3D Gesture Recognition Market make the report investor’s guide. Global 3D Gesture Recognition Market, By Technology • Touch Less Gesture Recognition • Automotive • North America • Infineon Technologies AG For More Information Visit @:https://www.maximizemarketresearch.com/market-report/global-3d-gesture-recognition-market/73905/
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