In 2023, the global gesture control light market is anticipated to reach a value of US$ 17.0 billion, and between 2023 and 2033, it is anticipated to grow at a CAGR of 18.2% to reach a value of US$ 90.5 billion. From 2018 to 2022, the Gesture Control Light market experienced a CAGR of 15.4%. Factors
Gestures are a common and natural way for humans to communicate. In today’s digital era of human-machine interfaces, gesture control has become a fundamental part of interaction (HMI). Gesture control is a way to communicate with machines without having to physically interact with them.
From electronics to medicine, gesture control has a wide range of applications. The award-winning NUIA software was created by one of the leading companies in gesture control technology. Gestures are used to operate the computer. Gesture control systems use sensors that can be device, vision, or electric field based for interaction.
Gesture control is also used in popular virtual reality and augmented reality applications. eyeSight Technologies Ltd., an Israeli company and a prominent player in the gesture control technology market, invented touch-free gesture control. From a distance of 16 feet, it monitors the user’s finger.
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The gesture control market is expected to rise in popularity and adoption among consumers throughout the projected period.
Global Gesture Control Market: Drivers and Restraints
Consumer gadgets such as smart phones, smart TVs, smart wearables, and other smart devices are driving the demand for gesture control.
Similarly, gesture control technology is merging with emerging virtual reality (VR) and augmented reality (AR) technologies, which is expected to propel the gesture control market forward significantly. The surge in the health-care and automotive industries is also helping to propel the gesture control industry forward.
However, the gestures used by users vary, making it difficult to grasp the output. Additionally, due to poor background (light and noise), the movements are not reliably read, posing a challenge to the worldwide gesture control market’s growth.
Devices utilising gesture control technology are relatively expensive, which may limit the worldwide gesture industry’s progress.
Global Gesture control Market: Region Wise Outlook
North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan, and the Middle East and Africa make up the global gesture control market (MEA).
North America has the largest share of the worldwide gesture control market, with the United States and Canada having the highest consumer demand for gesture control technology.
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Mergers and acquisitions are fueling the global gesture control market’s expansion. Facebook, for example, recently acquired Oculus VR, bolstering its virtual reality platform. Western Europe is the second largest market in terms of value, with significant companies such as gestigon GmbH, a company that specialises in human-machine interfaces, present.
Following Western Europe comes Japan, a crucial market for gesture control businesses like Leap Motion Inc., a big influencer in the region thanks to its strategic alliance with BB Softservice Corp, a multi-channel retailer and distributor.
Because of the rapid acceptance of gesture control technology, increasing demand in the electronics market, and entertainment, the APEJ market is predicted to grow at a high rate in the worldwide gesture control market.
Advance research studies in human machine interface are expected to increase the MEA market. eyeSight Technologies Ltd is an Israeli firm that specialises in gesture control technology and plans to grow during the predicted period.
Global Gesture control Market: Key Players
- GestureTek
- gestigon GmbH
- Leap Motion, Inc.
- eyeSight Technologies Ltd
- Thalmic Labs Inc.
- Intel Corporation
- Apple Inc.
- 4tiitoo GmbH
- Logbar
- PointGrab
- Nimble VR
- apotact labs
- ArcSoft, Inc.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest Of Latin America)
- Western Europe (Germany, France, U.K, Nordic countries, BENELUX)
- Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC countries, S. Africa, Rest of MEA)
The research is based on firsthand knowledge, qualitative and quantitative analysis by industry analysts, and contributions from industry experts and participants across the value chain.
The research examines parent market trends, macroeconomic indicators, and controlling factors in depth, as well as market attractiveness by segment. The qualitative influence of key market factors on market segments and regions is also mapped out in the study.
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