According to Market Research Future analysis, global function as a service market has been valued at USD ~27 million by the end of forecast period with ~27.58% of CAGR during forecast period 2017 to 2023
Gesture recognition is a type of perceptual computing user interface that allows computers to capture and interpret human gestures as commands. It is an ability of a computer to understand gestures and execute commands based on those gestures. The Gesture Recognition Market is segmented by various end-users, as Automotive, Healthcare, Consumer Electronics, Transportation, Commercial, IT/Telecommunication and others. Out of these end-users, the adoption of Gesture Recognition is expected to be the largest in the consumer electronics sector.
Gesture technology and invisible user interface and helps to change the way people interact with technology. It is one of the key things that invisible UI or natural interfaces change our lives is that they stop the dominance of the screen in front of your face. For instance, Amazon Echo, which is a voice operated device that allows you to turn music on and off, and also can be integrated with the smart homes for the controlling several consumer electronics and even the lighting system.
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Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
Gestures in real time helps to manipulate objects within a medical data visualization environment supports dynamic navigation, these technology are based on gestures are translated to commands based on their relative positions on the screen. Surgeons of the future might use a system that recognizes hand gestures as commands to control a robotic scrub nurse or tell a computer to display medical images of the patient during an operation. The “vision-based hand gesture recognition” technology could have other applications, including the coordination of emergency response activities during disasters.
By Region, MRFR analysis shows that the comprehensive understanding of market dynamics, the global gesture recognition market is analyzed across key geographies namely North America, Europe, China, Japan, India and among others. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in function as a service market in North America is attributed to rising use of consumer electronics, Internet of Things, increasing need for comfort & convenience in product usage.
Some of the key players in the market are Microsoft Corporation (U.S.), Intel Corporation (U.S), Apple Inc. (U.S), Iris guard (Jordan), Qualcomm Inc.(U.S), Prime Sense Limited (Isreal), Omron Corporation (Japan), SoftKinetic (Belgium), Texas Instruments (U.S.), Infineon Technologies (Germany) and others.
The global gesture recognition market is segmented on the basis of technology, product, application and region. On the basis of technology the segment is further classified into sensors, 2D gesture technology and 3D gesture technology. On the basis of product the segment is further classified into touch less and touch based system. The gesture recognition technology is having wide area of application such as automotive, healthcare, transportation, IT, commercial, telecom and many more.
The regional analysis of active electronic components market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is dominating the market of Gesture Recognition, By Region with market share of 38.55% in the year 2016 and has been valued at USD 1.85 billion in the year 2016. This is mainly driven by large-scale funded programs such as the Visa Waiver Program (VWP) that enable people from certain countries to travel to the U.S. without a visa. Asia Pacific has emerged as fastest growing market with 30.28% of CAGR and is expected to reach at market size of USD 7.10 billion by the end of forecast period. The developing countries in the APAC region have a huge growth potential and provide a favorable environment for product manufacturers. Hence, the touch less sensing market in APAC is expected to grow at the highest rate during the forecast period.
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- Component and equipment suppliers
- Original equipment manufacturers (OEMs)
- Original design manufacturers (ODMs)
- Installers and maintenance service providers
- Research organizations
- Component integrators
- Technology providers
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