Global Gesture Recognition Market Size & Outlook
Global gesture recognition market, 2018-2030 (US$M)
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Global gesture recognition market highlights
- The global gesture recognition market generated a revenue of USD 21,044.6 million in 2023 and is expected to reach USD 70,180.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 18.8% by 2030.
- In terms of segment, touch-based accounted for a revenue of USD 10,829.9 million in 2023.
- Touchless is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 21,044.6 million |
| Market revenue in 2030 | USD 70,180.8 million |
| Growth rate | 18.8% (CAGR from 2023 to 2030) |
| Largest segment | Touch-based |
| Fastest growing segment | Touchless |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Touch-based, Touchless |
Other key industry trends
- In terms of revenue, the North America accounted for 26.3% of the global gesture recognition market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 1,080.7 million by 2030.
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Gesture Recognition Market Scope
Gesture Recognition Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global gesture recognition market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gesture recognition market will help companies and investors design strategic landscapes.
touch-based was the largest segment with a revenue share of 51.46% in 2023. Horizon Databook has segmented the Global gesture recognition market based on touch-based, touchless covering the revenue growth of each sub-segment from 2018 to 2030.
Gesture recognition is a language technology used to interpret human gestures using mathematical algorithms. Using gesture recognition technology, it possible for computers to understand human body language, thus building a concrete bridge between humans and machines. It enables human to interact and communicate with machines (Human Machine Interaction) without any mechanical devices. Gesture recognition technology uses various mathematical algorithms and techniques to process information gathered in the form of human gestures.
Though the logic and technicality that goes behind gesture recognition technology is complex, the industry has made its end product less complicated and easy to use for customers. This feature helped gesture recognition technology to accepted globally. Ease of adoption helped gesture recognition to gain global acceptance and popularity. Many industries started using this technology for instance, entertainment (theatres, stadiums) and hospitality industries, consumer electronics (especially smartphones), banking, government, and healthcare industry rigorously adopted to gesture recognition technology.
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Target buyers of Global gesture recognition market databook
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Our clientele includes a mix of gesture recognition market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global gesture recognition market , including forecasts for subscribers. This global databook contains high-level insights into Global gesture recognition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global gesture recognition market statistics, by region, 2018-2030 (US$M)
Top 10 countries: Gesture recognition market size, 2023 (USD Million)
Top 10 countries: Gesture recognition market size, 2023 (USD Million)
Global gesture recognition market, by region, 2023 (US$M)
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