Gesture Recognition Market Analysis, Growth and Segment Forecasts to 2020

Technavio Announces the Publication of its Research Report – Global Gesture Recognition Market for Emerging Applications 2016-2020

Technavio recognizes the following companies as the key players in the global gesture recognition market for emerging applications: Microsoft, Sony, eyeSight Technologies, PointGrab, and Samsung.
Commenting on the report, an analyst from Technavio’s team said: “Increase in number of M&A is a key trend for this market. The high growth prospects of gesture recognition technology have compelled vendors across the supply chain to either form strategic partnership or acquire vendors operating in the global gesture recognition market. These strategic partnerships and M&A enable both OEMs, motion sensor vendors, and gesture recognition technology providers to derive maximum benefit out of the growing market. In the past five years, the collaborations among the supply chain members are rising to expand their market presence and increase their market share.”

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According to the report, focus on human-machine interface in automotive sector is a key driver for this market. The automotive OEMs have always been involved in developing new forms of interaction between the driver and the vehicle to provide more efficient and intuitive interaction between the two. The automotive manufacturers are investing heavily in R&D for the development of onboard man/machine interaction based on gesture, touch, and voice. Since, voice and touch are already available in majority of the vehicles, the manufacturers are focusing on bringing gesture recognition technology on existing multimedia systems inside the vehicles. This will provide more intuitive experience by enabling the driver to control a number of vehicle functions through hands instead of using the buttons and screens on the central console. Also, it is...