Gesture Recognition Market 2021 Report On Share Analysis with Demand Status 2021 | Latest Technological Advancement, Industry Trends, Competitive Landscape, Explosive Factors of Revenue by Key Vendors Size Forecast Analysis 2030

In a recent published report, Kenneth Research has updated the market report for Gesture Recognition Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Gesture Recognition Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

Global Gesture recognition Market is estimated to reach $43.6 billion by 2024; growing at a CAGR of 16.2% from 2016 to 2024. Gesture recognition technology enables the user to have control on their devices by using body movements and gestures. Gesture based technologies can be used in various electronic devices such as gaming consoles, laptops, smartphones, smart TV, laptops and others, that are available in the market. Rising unlawful activities and cybercrimes globally has driven the growth of the market. The factors that are propelling the growth of the gesture recognition market includes growing penetration of various smart devices such as smartphones and smart TVs and increasing awareness among end-users about cyber security. Rising popularity of smart homes globally also boosts the growth of the market. Though, high competition among current market players may restrict the growth. Nevertheless, growing knowledge about various benefits offered by gesture technology enabled devices may provide growth opportunities in the forecast period.

The global gesture recognition market has been categorized into technology and application. By technology, the global gesture recognition market has been segmented into touches less gesture recognition and touch-based gesture recognition. By application, the market is further segmented into aerospace & defence, automobile, consumer electronics, educational hubs, hospitality, gaming, commercial centres, medical centres, and others. Geographically, the market is categorized into North America, Europe, Asia-Pacific and Rest of the World (RoW).

Based on geography, the global gesture recognition market has been segmented into North America, Europe, Asia-Pacific and RoW. The U.S., Mexico and Canada are covered under North America wherein Europe covers Germany, France, UK, and others. Asia-Pacific covers China, India, Japan, South Korea, and others. Rest of the World (RoW) covers South America, Middle East and Africa.

Major companies operating in this market are Crunchfish, Microsoft, eyesight Technologies, ArcSoft, Intel, SoftKinetic, PointGrab, Samsung, and Sony, Google Inc. among others.

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The key takeaways from the report:
The report will provide detailed analysis of the Global Gesture Recognition Market with respect to major segments such as technology and application
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report. An exhaustive regional analysis of Gesture Recognition Market has been included in the report.

Profile of key players of the Gesture Recognition Market, which include key financials, product & services, new developments, and business strategies
Scope of Gesture Recognition Market.

Technology Segment
Touches Less Gesture Recognition
Touch-Based Gesture Recognition
Application Segment
Aerospace & Defence
Automobile
Consumer Electronics
Educational Hubs
Hospitality
Gaming
Commercial Centres
Medical Centres
Others

Geographical Segments
North America
US
Canada
Mexico
Europe
Germany
France
UK
Others

Asia-Pacific
China
India
Japan
South Korea
Others
RoW
South America
Middle East
Africa

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