The gesture recognition market size expected to reach US$ 51.48 billion by 2028; registering at a CAGR of 22.3% from 2022 to 2028, according to a new research study conducted by The Insight Partners. The gesture recognition market growth is driven by numerous factors, such as surging demand from the automotive industry to provide driver safety and the rising use of gesture recognition technologies in consumer electronics such as computers, tablets, and smartphones. Moreover, leading automotive manufacturers are implementing gesture recognition in different systems, such as windows and windshield wipers and air conditioning, in order to reduce driver workload and allow safe driving, thereby propelling the market growth during the forecast period.

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The Innovative Key Players Are:

•Synaptics Incorporated
•Qualcomm Technologies, Inc.
•Microsoft
•Microchip Technology Inc.
•Intel Corporation
•Infineon Technologies AG
•Cipia Vision Ltd.
•Apple Inc.
•Alphabet Inc
•Cognitec Systems GmbH

The global gesture recognition market is segmented on the basis of technology, type, and industry vertical. By technology, the gesture recognition market is bifurcated into touch-based gesture recognition, touchless gesture recognition. Based on type, the market is divided into online gesture recognition and offline gesture recognition. In terms of industry vertical, the gesture recognition market is segmented into automotive, consumer electronics, sports, healthcare, advertisement and communication, aerospace and defense, and others.

The report provides a detailed overview of the industry, including both qualitative and quantitative information. The global gesture recognition market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. The market report covers the analysis and forecast of 18 countries across the world, along with trends and opportunities prevailing in the region.

From the regional perspective, North America is expected to hold the largest share of the gesture recognition market during the forecast period. The market in North America is segmented into the US, Canada, and Mexico. In the past five years, the region has witnessed significant adoption of technologies, which has resulted in the growth of the gesture recognition market. Owing to the massive presence of key players, including Microsoft; Google, Inc.; and Intel Corporation, the adoption of gesture recognition is high in the consumer electronics and gaming industries. In January 2021, Qualcomm Technologies, Inc. (a leading wireless tech innovator) acquired Clay AIR (a US-based AI-powered hand tracking and gesture recognition technology company) to strengthen Qualcomm’s XR technology stack. In addition, the inclusion of Clay AIR provides highly accurate and power-efficient hardware-agnostic technology, interaction design, along with the machine learning professionals and industry-leading team of computer vision.

The research provides answers to the following key questions:

1.What is the estimated growth rate of the market for the forecast period 2022–2028? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Gesture Recognition market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Gesture Recognition market?
4. What are the prominent market trends influencing the development of the Gesture Recognition market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Gesture Recognition market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?

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