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

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 - 2020", published by MarketsandMarkets, the total gesture recognition Smart TV market is expected to reach $479.88 Million by 2018 growing at a CAGR of 131.26% from 2012 to 2018.

The biggest contributor to the gesture recognition market is the consumer electronics due to the commercialization of this technology in smartphones, media tablets, smart TVs, set-top boxes, and gaming consoles. Gesture recognition technology is now utilized by OEMs such as Sony, Samsung, Apple, and others in the consumer products. The Smart TV market is trying to incorporate more and more features in a single device. The growth rate will be very high in the coming years in this sector as the technology is evolving at a rapid speed. The gesture recognition market was already commercialized in 2012 in several consumer electronics products such as smartphones, laptops, smart TVs, media tablets, and gaming consoles, except for set top boxes.

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The segment which holds an exponential growth of gesture recognition technology is the healthcare segment. Currently, the gesture recognition market in healthcare is still in the inital stage as most of the applications are only in prototyping stage;theyhave not yet been commercialized and arebeing used only for rehabilitation applications. Research & Development is going to develop many more innovative products which will enable and help doctors to serve and treat patients in aneasier and effective manner. Research is being carried out in order to combine Microsoft’s Kinect camera with an algorithm to convert gestures to commands for manipulating MRI images on large visual display units.

Another section with a high potential growth rate for gesture recognition technology is the automotive sector. Although the technology is in the testing stage and will only commercialize by the end of 2015, the automotive firms are seeking to integrate this technology with car accessories, which is adding fuel to this growth. The functionalities of AC, music system, GPS, andothers can be controlled by the driver only by using gestures. Thus, this decreases distractions, leading to greatersafety during driving. Mercedes Benz (Germany) has already displayed an experimental system named DICE (Dynamic & Intuitive Control Experience) which let drivers perform basic functionalities using hand gestures. Indian car companies,such asMahindra-Satyam,have also come up with in-car navigation systems supporting gesture recognition, which are an emerging market for the automotive sector.

Browse more than 32 market data tables with 31 figures spread through 116 pages and in-depth TOC on "Gesture Recognition For Smart TV Market"

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The interactive nature of consumer electronics will drive the demand for contact free interaction which has boosted the gesture recognition market. In the overall Gesture  Recognition  for  Smart  TV  Market, the consumer application will be the highest revenue generator and will lead the market from the demand side. The Americas 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 that integrate 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 TV market. The major technologies that have been extensively covered in the report are 2D camera based and 3D technologiesincluding stereoscopic, structured lighting, and 3D time-of-flight.

Leap Motion is a pioneer in bringing on the standalone device for gesture recognition, which supports the earlier hardware configuration to be operated. This American based company manufactures and markets a computer hardware sensor device that supports hand and finger motions as input, analogous to a mouse, but requiring no hand contact or touching. This new device for hand gesture controlled userinterfaces has declared sub-millimeter accuracy for identifying gestures. In the last few years, different optical sensors which allow the acquisition of 3D objects have beendeveloped by Leap Motion.

The Leap Motion controller presented a new gesture and position tracking system withsub-millimeter accuracy. Indifference to standard multi-touch solutions, these above-surface sensors use stereo 3D interaction systems, especially concerning direct collectionof stereoscopically displayed objects.

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Point Grab, theleader in hand gesture recognition solutions, offers a natural and intuitive way of interaction with consumer devices such asPC, Tablet, Cell Phones, and Television. PointGrab’sexclusive Hybrid Action Recognition Technology enables devices to anticipate, understand, and analyze the user’s body language. The major advantage is that they are capable to incorporate into end-devices with high efficiency results.Another benefit for PointGrab is that its solutions are integrated in many consumer devices offered by top OEMs such asApple, Samsung, Sony, and others.

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

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