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Market Highlights
Market Research Future (MRFR), in its recently published research report, asserts that the global gesture recognition market 2020 is expected to grow exponentially over the review period, recording a substantial market valuation of USD 26.94 billion and a healthy 27.58% CAGR in the forecast period. Drivers and Restraints Gesture recognition is the conversion, using a mathematical algorithm, of a hominid gesture or signal to order. In the absence of any physical devices, it enables any individual to interrelate with the computer as an input mechanism for performing desired actions within a program. The technology interprets human expressions and motions, such as hands, fingers, back, head or whole body movement. It helps users to only use their gestures to operate and monitor devices. It is projected to expand due to increased per capita income, increased technological advances and burgeoning digitization across numerous industries such as automotive, consumer electronics, and healthcare. The increasing usage of consumer electronics, the increasing introduction of the Internet of Things (IoT), and the rising need for comfort and convenience in product usage also provide an upthrust to the industry. Lower installation costs and improved user experience in different applications drive the Gesture Recognition industry primarily. The development is fueled by the introduction of gesture recognition technology in smart phones and automotive equipment. Nonetheless, lack of knowledge among end users and complex manufacturing environment hinder market growth across all major regions. Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5244 Segmentation: The global Gesture Recognition Software Market is analyzed on the basis of product, technology, application and region. On the basis of technology the gesture recognition market is segmented into 2D gesture technology, sensors, and 3D gesture technology. Based on technology, the global market for gesture recognition is led by sensor technology, while the 3D technology segment is poised to grow with the fastest CAGR of 30.65% over the review period. The gesture recognition technology is having comprehensive area of applications such as automotive, healthcare, consumer electronics, transportation, IT, commercial, telecom and many more. Based on application, the global market for gesture recognition is led by the consumer electronics segment and also projected to grow with the fastest CAGR of 30.37% over the forecast period. By the product, the market is bifurcated into touch less and touch based system. Based on product, the global market for gesture recognition is led by the touch-based product type, whereas the touchless product is projected to grow with the fastest CAGR of 32.42% during the forecast period. Regional Analysis The geographical overview of the global market has been analyzed in four major regions, including North America, the Asia Pacific, Europe, and the rest of the world (Latin America, the Middle East and Africa). In terms of sales, the Asia Pacific region dominated the gesture recognition market in 2016, and is anticipated to rise significantly over the forecast period. Over the review period, Asia-Pacific is expected to grow at the highest CAGR of 30.28 per cent. Demand growth in the area is driven by the global technological developments and early adoption of gesture recognition technology. With the rapidly increasing acceptance of touchless biometric products, the Asia-Pacific region is expected to hold the largest share of revenues in the future. Companies take partnering approaches to reach untapped markets and product developments. The global gesture recognition market at present is led by North American and European countries on account of higher safety and hygiene concerns. North America was assessed as the largest market share of 38.55% in 2016, with a market share of USD 1.85 billion, the market is anticipated to register 26.76% CAGR during the forecast period. Competitive Analysis The major market players operating in the global market as identified by MRFR are Microsoft Corporation (US), Intel Corporation (US), Iris guard (UK), Apple Inc. (US), Qualcomm Incorporated (US), Omron Corporation (Japan), Texas Instruments (US), SoftKinetic Inc. (Belgium), and Infineon Technologies AG (Germany). Browse Complete Report @ https://www.marketresearchfuture.com/reports/gesture-recognition-market-5244 Global Gesture Recognition Market Research Report: Information By Technology (Sensor, 2D Gesture Technology and 3D Gesture Technology), Application (Automotive, Healthcare, Consumer Electronics, Transportation, Commercial, IT/Telecom and others), Product (Touchless and Touch-Based) - Forecast till 2027 About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Market Highlights
The global Monochrome Display Market Size is predicted to touch USD 3 billion at a 30% CAGR in the forecast period (2020- 2027), as per the latest Market Research Future’s (MRFR) human augmentation market forecast report. Human Augmentation Market Drivers Increasing Adoption of Marketable Applications to Boost Market Growth Increasing adoption and exploration of innovative and marketable applications for human augmentation technology by researchers, policy makers, engineers, and entrepreneurs across the globe may boost market growth over the forecast period. Opportunities Growing Need for Augmented Technologies to offer Robust Opportunities Growing need for augmented technologies will offer robust opportunities for the market in the forecast period. It helps in augmented intelligence for performing different tasks sans replacing the human and also improves the wearable augmentation products. Besides it is used for boosting the healthcare sector, advancing human genetic engineering, internet of things, 3D bio-printing, neurotechnology, and smart devices that is creating a positive effect on the human augmentation market share. Restraints Lack of Investments in R&D to act as Market Restraint The lack of investments in the research and development may act as a market restraint over the forecast period. Challenges Lack of Skilled IT Professionals to act as Market Challenge The lack of skilled IT professionals coupled with high equipment cost may act as market challenge over the forecast period. COVID-19 Analysis The COVID-19 pandemic severely impacted the human augmentation industry forcing the different device production plants for reducing the output and shutting down for some time. The outbreak prompted various key component suppliers and technology providers in cutting back expenses and production in some areas. Technical and economic trends presented new challenges to construction. Industry players resultantly intensively started working on countermeasures and alternatives for minimizing the impact. The market is returning to normal and revenues too are picking up gradually. Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5043 Segmentation: By end user, the healthcare segment will dominate the market over the forecast period. By product, the wearable segment will lead the market over the forecast period. Regional Analysis North America to Dominate Human Augmentation Market North America will dominate this market in the forecast period. Rapid developments in AI technology, investments in gene-editing technology, the presence of several major players, growing demand in the US, improved economy, increasing need for augmentation products, technological advances in medical wearable products, increasing innovative apps of augmentation products, rising awareness about therapeutic applications of the medical wearable augmentation products, awareness about its different advantages such as portability, efficiency, and convenience, the ability of enhancing workplace productivity and effectiveness, early and growing adoption of human augmentation devices by different end-users across the region, rising increasing investments in AI technologies, growing need for wearable augmentation devices from the healthcare industry, and increasing technological advances in virtual reality are adding to the global human augmentation market growth in the region. Key Players Eminent players profiled in the global human augmentation market report include BrainGate Company, B-Temia, Ekso Bionics Holdings, Raytheon Company, Samsung Electronics Co Ltd, Cyberdyne, Bionik Laboratories Corporation, Panasonic Corporation, Toyota Motor Corporation, and Parker Hannifin, among others. The global human augmentation market is fragmented and also competitive for the presence of different international & domestic key players. These players have incorporated innovative strategies to remain at the vanguard and also suffice the burgeoning demand of the customers , including collaborations, contracts, partnerships, joint ventures, geographic expansions, & new product launches, & more. Browse Complete Report @ https://www.marketresearchfuture.com/reports/human-augmentation-market-5043 Global Human Augmentation Market Research Report, By End-User (IT, Healthcare, Manufacturing, Defense), By Product (Wearable, In-Built) – Forecast till 2027 About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. |
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January 2022
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