Gesture Recognition in Retail Market Share

Market Share of Gesture Recognition in Retail Industry

The gesture recognition in the retail market is fragmented. Some key players are Sony Corporation, Apple Inc., and Google LLC. Product launches, high expenses on research and development, partnerships and acquisitions, etc., are the prime growth strategies these companies adopt to sustain the intense competition.

In February 2023, WiMi Hologram Cloud Inc., a global Hologram Augmented Reality ("AR") Technologies provider, created a 3D gesture tracking algorithm. This is a way of monitoring a user's gesture by collecting the target gesture's position and translating its movement into a continuous trail of points in a video frame to decode human gestures using mathematical algorithms. A three-dimensional gesture tracking algorithm is an important area of research in computer vision. The system tracks user motions using gestures, camera attitude, and position information, which somewhat helps solve the gesture-tracking problem in video streams.

In July 2022, STMicroelectronics, a global semiconductor pioneer servicing clients across various electronics applications, released its latest FlightSense Time-of-Flight (ToF) multi-zone sensor. When delivered with a suite of essential software algorithms, the combination provides a turnkey solution for user detection, gesture recognition, and intruder warning, specifically suited for the PC market.

Gesture Recognition in Retail Market Leaders

1. Apple Inc.

2. Cognitec Systems GmbH

3. Google LLC

4. Infineon Technologies AG

5. Sony Corporation

*Disclaimer: Major Players sorted in no particular order