Gesture Recognition in Consumer Electronics Market is expected to grow at a CAGR of 34.9% by 2023

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.

Hyderabad, India - July 11, 2019 /MarketersMedia/ —

According to the new market research report by IndustryARC titled Gesture Recognition in Consumer Electronics Market, the market is driven by the increasing demand for Gesture Recognition in Consumer Electronics across all the regions. This report covers Gesture Recognition in Consumer Electronics Market Size by Product and Technology, Gesture Recognition in Consumer Electronics market share by top 5 companies and also the market share by start-ups during the forecast period

The global gesture recognition in consumer electronics market had a revenue of around $4.3 billion in 2017, and is estimated to grow around $10.7 billion by 2023 at a CAGR of 34.9%. In product segmentation, Gaming Devices segment is leading in the market with a revenue of $1.455 billion in 2017, and is projected to register $8.63 billion by 2023, at a CAGR of 36.3%. Laptops & PC segment is projected to register highest growth rate of 39% CAGR during the forecast period.

To access / purchase the full report browse the link below
https://www.industryarc.com/Report/81/gesture-recognition-in-consumer-electronics-market.html

Asia-Pacific continues to lead the market share and growth during 2018-2023

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. Also the key players are coming with new technologies and software applications pertaining to gesture recognition are being developed in order to cope up with the rising competition and to lead the market.

Selected / Sample 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. Smartphones and tablets hardware lifespan is about 3-5years, and the software involved in the smart phones should be updated every 3-5 months. 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. Televisions generally have the lifespan of around 10 years, but if gesture control technology is introduced, it may decrease half of its life span. Wearable devices such as smart watch and smart glasses are generally based on the lifespan of the sensors.

Gesture recognition technology in these electronic devices’ lifespan is considered individually as their functions, hardware and software differs from each other. The lifespan of this gesture recognition product depends on the type of the product, use of the product, operating systems or software of the product. The product lifecycle also depends on the quality of the raw materials, software used in the product, quality of the sensors and the placement of the sensors in the devices.

Talk to one of our sales representative about the full report by providing your details in the below link:
https://www.industryarc.com/support.php?id=81

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.
• Various sensing technologies are currently being developed to integrate gesture recognition in any kind of device with cameras, not just specific kind of cameras, but for a wide range without the need for any special hardware. This factor is expected to drive the demand for gesture recognition technology in the coming years.

Key Players of the Gesture Recognition in Consumer Electronics Market:

The key player of gesture recognition market from different regions is Microsoft Corporation, and its gesture recognition market share is around 24% due to the gaming devices in which Kinect sensor plays the crucial role. Microsoft has its own hardware devices related to gesture recognition gaming consoles.

Samsung Electronics is the dominant in the smart-phone market, but in the gesture recognition market, it is holding second place next to the Microsoft Corporation. Samsung Electronics holds major market share in smart-phones and tablets in which gesture recognition technology is used. Hence, gesture recognition market of Samsung Electronics is rapidly growing, and is holding 23% across the globe. Intel Corporation gesture recognition market share is around 16% across the globe as it provides the hardware related to depth sensing.

Related Report:
A. Machine to Machine Communication Market
https://www.industryarc.com/Report/15027/machine-to-machine-communication-market.html

B. Industrial Internet of Things Market
https://www.industryarc.com/Report/7385/industrial-internet-of-things-(IIoT)-market-report.html

About IndustryARC:
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: +1-614-588-8538
Website: https://www.industryarc.com/Domain/9/electronics-market-research-report.html

Source URL: https://marketersmedia.com/gesture-recognition-in-consumer-electronics-market-is-expected-to-grow-at-a-cagr-of-349-by-2023/88895374

Source: MarketersMedia

Release ID: 88895374

More News From The Witness Daily

Federal probe of 'I can't breathe' death nears possible end

Jul 16, 2019

NEW YORK — After nearly five years, federal authorities are signaling they may have concluded their investigation into the death of Eric Garner, the unarmed black man heard on video crying "I can't breathe" after a white New York City police officer put him in an apparent chokehold. The office of the U.S. attorney in Brooklyn, Richard Donoghue, said late Monday that he was planning a news conference to discuss Garner at 11 a.m. Tuesday. Garner's family and the Rev. Al Sharpton said they were scheduled to meet with prosecutors at 10 a.m. and would also address the media afterward....

Sister of man who killed Chinese scholar: He was 'gentle'

Jul 16, 2019

PEORIA, Ill. — The sister of a former University of Illinois student convicted of killing a Chinese scholar told a jury deciding whether he should be executed that he was a "very gentle person" who never raised his voice. Andrea Christensen was the last witness that lawyers for Brendt Christensen called to the stand Monday. The defense plans to rest its case in the penalty phase on Tuesday. Earlier Monday, Christensen's mother, Ellen Williams, testified that the 2017 slaying of Yingying Zhang was "horrible" and she feels "bad." But she said it would be devastating if her son receives the...

The Latest: No equipment immediately goes up mountain

Jul 16, 2019

MAUNA KEA, Hawaii — The Latest on the start of work to build a massive telescope on a site considered sacred by some Native Hawaiians (all times local): 3:45 p.m. A Thirty Meter Telescope spokesman says crews won't immediately be taking equipment up to the project site near the summit of Hawaii's tallest mountain. Hundreds of people had gathered at the base of Mauna Kea to protest the telescope Monday, when officials planned to close the road to the summit so that in the coming days they could begin bringing equipment to the construction site. Eight protesters removed themselves from...

Lee now in favor of changing Confederate proclamation

Jul 16, 2019

NASHVILLE, Tenn. — Tennessee Gov. Bill Lee changed course on Monday and declared he's now in favor of amending a law that requires the state to honor Confederate General Nathan Bedford Forrest, an early leader of the Ku Klux Klan. Lee tweeted on Monday he will work to change a decades-old statute requiring governors to sign a proclamation designating July 13 as "Nathan Bedford Forrest Day." "While it is my job as governor to enforce the law, I want Tennesseans to know where my heart is on this issue," Lee, a Republican, said. "Our state's history is rich, complex and...

Trump digs in against Dem congresswomen; they're firing back

Jul 16, 2019

WASHINGTON — Unfazed by widespread criticism, President Donald Trump on Monday intensified his incendiary comments about four Democratic congresswomen of color, urging them to get out if they don't like things going on in America. They fired back at what they called his "xenophobic bigoted remarks" and said it was time for impeachment. Late Monday, after Trump defended his calling for the lawmakers to go back to their "broken and crime infested" countries, Rep. Alexandria Ocasio-Cortez of New York said Trump "does not know how to defend his policies and so what he does is attack us personally." Trump said...

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH