Gesture Recognition
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REPORT DESCRIPTION<br />
The importance of gesture recognition technology lies in developing efficient interaction between humans and<br />
machines. Increasing application of gesture recognition technology in consumer electronics is among the key factors<br />
boosting the gesture recognition market at the global level. 3D vision and gesture tracking solutions in gaming<br />
consoles along with 2D gesture recognition technology in smart TVs, PCs, and tablets is fueling the demand for<br />
touch less gesture recognition technology. Technological advancements coupled with rising demand for this<br />
technology in smartphones are offering great opportunities for the major players in the gesture recognition market.<br />
<strong>Gesture</strong> recognition technology successfully recognizes dynamic and static gestures. Moreover, it could be applied<br />
on a mobile robot control. As part of disadvantages, irrelevant objects might overlap with the hand while using<br />
gesture recognition devices. Furthermore, wrong object extraction happens if the objects are larger than the hand.<br />
<strong>Gesture</strong> <strong>Recognition</strong> Market Research News:<br />
http://www.transparencymarketresearch.com/gesture-recognition-market.html<br />
<strong>Gesture</strong> recognition technology has made its debut in the consumer electronics industry with increasing<br />
technological advancements and the rising application of gesture recognition technology to a wide range of<br />
products. For example, in February 2015, a leading developer of advanced digital imaging solutions named<br />
OmniVision Technologies, Inc. collaborated with eyeSight Technologies Ltd. with the intention of bringing gesture<br />
recognition technology to a vast array of applications. Development of 3D Vision and gesture tracking technology is<br />
expected to have a huge impact on the gesture recognition market in the short, medium, and long term.<br />
Global gesture recognition market was valued at USD 11.60 billion in 2015 and anticipated to reach USD 48.56<br />
billion by 2024 at a CAGR 16.2% from 2016 to 2024. Growing prominence of 2D gesture recognition technology in<br />
the consumer electronics segment coupled with increasing adoption of gesture recognition solutions in the<br />
automotive industry is driving the market for gesture recognition at the global level.<br />
User-friendliness of gesture recognition enabled devices along with growing application of gesture recognition<br />
solutions in healthcare, retail sector, and factories are some of the major factors contributing to the growing<br />
popularity of gesture recognition technology at the global level.<br />
The companies involved in gesture recognition are concentrating on product innovation through research and<br />
development along with mergers and acquisitions to strengthen its foothold in the gesture recognition industry.<br />
Some of the major players involved in the gesture recognition market are Apple Inc. (U.S.), Google Inc. (U.S.),
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