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Consumer electronics industry

Gesture Recognition in Consumer Electronics Market to Reach $10.7 Billion by 2020

Strategic Insights

— 1 min read

The global gesture recognition market in consumer electronics is rapidly growing, driven by the increasing demand for smartphones and other mobile devices. The market generated revenue of around $1.3 billion in 2013 and is estimated to reach $10.7 billion by 2020, with a compound annual growth rate (CAGR) of 34.9% from 2013 to 2020.

The key players in this market include Microsoft Corporation, Samsung Electronics, Intel Corporation, Sony Corporation, SoftKinetic, CogniVue Corporation, GestureTek, and others. Smartphones are dominating the market, with the gesture recognition technology in these devices growing rapidly. The gesture recognition market is also growing in Asia-Pacific, followed by Americas and Rest of the World.

Key Takeaways:

  • The global gesture recognition market in consumer electronics generated revenue of around $1.3 billion in 2013.
  • The market is estimated to reach $10.7 billion by 2020, with a CAGR of 34.9% from 2013 to 2020.
  • Smartphones are dominating the market, with the gesture recognition technology in these devices growing rapidly.
  • The gesture recognition market in Asia-Pacific is growing rapidly, followed by Americas and Rest of the World.
  • Major market players, including Microsoft Corporation, Samsung Electronics, and Intel Corporation, are profiled with company overview, financial overview, products, business strategies, and up-to-date developments.
  • The report covers key topics such as global gesture recognition market overview, executive summary, global gesture recognition market landscape, and market forces.

Statistics:

  • $1.3 billion: revenue generated by the global gesture recognition market in consumer electronics in 2013.
  • 34.9%: CAGR of the gesture recognition market in consumer electronics from 2013 to 2020.
  • $10.7 billion: estimated revenue of the gesture recognition market in consumer electronics by 2020.
  • 2013: starting year of the CAGR calculation.
  • 2020: end year of the CAGR calculation.

Sources:

  • Research and Markets (http://www.researchandmarkets.com/research/tt7fgz/gesture)
  • M2 PRESSWIRE via COMTEX (Jan 06, 2015)
  • Comtex SmarTrend (SNE @ $18.42, downtrend on 04-10-2012)

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