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Gesture Recognition Market Share

Report ID: GMI10389
Published Date: Jul 2024
Report Format: PDF

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Gesture Recognition Market Share

SpaceX and OneWeb collectively held a significant share of the LEO terminal market in 2023. Leap Motion, now part of UltraHaptics, is a pioneer in the gesture recognition industry, renowned for its innovative technology that enables precise hand and finger tracking. It’s hardware, including the Leap Motion Controller, allows users to interact with digital environments through natural gestures. This makes it a popular choice for Virtual Reality (VR) and Augmented Reality (AR) applications.

EyeSight Technologies specializes in advanced gesture recognition and computer vision solutions, focusing on enhancing user interaction with devices through intuitive gestures. Their technology enables touchless control for consumer electronics, automotive interfaces, and smart home devices.

Gesture Recognition Market Companies

Major players operating in the gesture recognition industry are:

Leap Motion (UltraHaptics)
EyeSight Technologies
Crunchfish
GestureTek
Microsoft Corporation
Google LLC

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size for gesture recognition was valued at USD 19.8 billion in 2023 and is anticipated to grow at over 20% CAGR between 2024 – 2032 driven by innovations in technology and user demand.

The facial segment in the gesture recognition market will witness over 20% CAGR over 2024 - 2032 driven by advancements in AI & ML.

North America market is expected to reach USD 40 billion by 2032 due to substantial investments in R&D activities.

Leap Motion (UltraHaptics), EyeSight Technologies, Crunchfish, GestureTek, Microsoft Corporation, and Google LLC