Gesture Recognition for Smart TV Market worth $479.88 Million by 2018

Wednesday 30 April 2014, Amsterdam

According to a new market research report "Gesture Recognition For Smart TV Market by Software (2D & 3D Image Sensor), Hardware(Image Sensor, IR Proximity Sensor, IR Temperature Sensor, Light Sensors, & Semiconductor ICS), And Geography (Americas, EMEA, & APAC) - Analysis & Forecast to 2013 - 2018", published by MarketsandMarkets, the total gesture recognition Smart TVmarket is expected to reach $479.88 million by 2018 growing at a CAGR of 131.26% from 2012 to 2018.

The interactive nature of consumer electronics willdrive the demand forcontact free interaction which has boosted the gesture recognition market. In the overall gesture recognition market, the consumer application will be the highest revenue generator and will lead the market from the demand side. TheAmericas lead the market for the rapid adaptability of technology, with the Europeans.

Microsoft’s Kinect in 2010 has now given a major push to the concept of gesture recognition in the consumer electronics market. The innovative and superior user experience offered by various technologies has gathered attention from a number of OEMs across many applications. This has resulted in the launch of products ranging from Smart TVs thatintegrate with gesture recognition technologies.

The report’s detailed segmentation by hardware technology, software, and geography covers all the existing and emerging technologies in the gesture recognition Smart TVmarket. The major technologies that have been extensively covered in the report are2D camera based and 3D technologiesincluding stereoscopic, structured lighting, and 3D time-of-flight.

One of the objectives of the research study was to analyze the market trends for each of the gesture recognition technologiesand their price trend. The growth rates of the various technologies and the gesture recognition enabled consumer electronic devices.