Global Gesture Recognition and Touchless Sensing Market, By Technology (Touch-Based Gesture Recognition, Touchless Gesture Recognition, RFID Technology, Camera-Based Technology, Sensors, Voice Assistance, Others), Product (Touchless Sanitary Equipment, Touchless Biometric, Others), Industry (Automotive, Consumer Electronics, Healthcare, Advertisement & Communication, Defense, Finance and Banking, Government, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Gesture Recognition and Touchless Sensing Market
The gesture recognition and touchless sensing market will reach at an estimated value of USD 64.19 billion by 2028 and grow at a CAGR of 20.5% in the forecast period of 2021 to 2028. Increase in the demand for connectivity in the automotive industry is an essential factor driving the gesture recognition and touchless sensing market.
Gesture recognition and touchless sensing are two technologies which are part of paradigm in human-machine interfaces. This technology works with the goal of interpreting human gestures via mathematical algorithms. Gestures can originate from any state or bodily motion but commonly originate from the hand or face.
Rise in the easy adoption by end-users due to low technical complexity acts as a crucial factor accelerating the market growth, also rise in the digitalization all over the globe, rise in the low technical complexity and enhanced user experience and rise in the technological advancements taking place in industries such as healthcare, gaming, consumer electronics, automotive and automation are the major factors among others boosting the gesture recognition and touchless sensing market. Moreover, rise in the integration of multiple technologies with gesture control, increase in the importance of gesture recognition in virtual reality (VR) and rise in the smart homes will further create new opportunities for gesture recognition and touchless sensing market in the forecast period mentioned above.
However, high power consumption and irrelevant object overlapping with 3D gesture recognition and wrong object extraction are the major factors among others restraining the market growth, while cost involved in the products will further challenge the gesture recognition and touchless sensing market in the forecast period mentioned above.
This gesture recognition and touchless sensing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the gesture recognition and touchless sensing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Gesture Recognition and Touchless Sensing Market Scope and Market Size
The gesture recognition and touchless sensing market is segmented on the basis of technology, product and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, the gesture recognition and touchless sensing market is segmented into touch-based gesture recognition, touchless gesture recognition, RFID technology, camera-based technology, sensors, voice assistance and others. Touch-based gesture recognition has been further segmented into multi-touch system and motion gesture. Touchless gesture recognition has been further segmented into capacitive/electric field, infrared array, ultrasonic technology, 2D camera-based technology and 3D vision technologies.
- Based on product, the gesture recognition and touchless sensing market is segmented into touchless sanitary equipment, touchless biometric and others. Touchless sanitary equipment has been further segmented into touchless faucets, touchless soap dispensers, touchless towel dispensers, touchless trashcans and hand dryers. Touchless biometric has been further segmented into touchless fingerprint recognition, Iris recognition, and face recognition system and voice recognition.
- The gesture recognition and touchless sensing market is also segmented on the basis of industry into automotive, consumer electronics, healthcare, advertisement & communication, defense, finance and banking, government and others. Automotive has been further segmented into consumer electronics, smartphone, laptops & tablets, gaming console, smart TV, set-top box, head-mount display (HMD) and others.
Gesture Recognition and Touchless Sensing Market Scope Country Level Analysis
The gesture recognition and touchless sensing market is analysed and market size insights and trends are provided by country, technology, product and industry as referenced above.
The countries covered in the gesture recognition and touchless sensing market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the gesture recognition and touchless sensing market due to rise in the digitalization all over the globe, rise in the low technical complexity and enhanced user experience and rise in the technological advancements taking place in industries such as healthcare, gaming, consumer electronics, automotive and automation in this region.
The country section of the gesture recognition and touchless sensing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Gesture Recognition and Touchless Sensing Market Share Analysis
The gesture recognition and touchless sensing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to gesture recognition and touchless sensing market.
The major players covered in gesture recognition and touchless sensing market report are ESPROS Photonics, Microsoft, Eyesight Technologies Ltd., Cognivue, Gestsure Technologies Ltd., Elliptic Laboratories A/S, Cognitec Systems GmbH, North Inc., Crossmatch, Microchip Technology Inc., Qualcomm Technologies, Inc., XYZ Interactive, pmdtechnologies ag, OBLONG INDUSTRIES, INC, MetaSensor Inc., GESTURE RESEARCH, PointGrab Inc., OmniVision Technologies, Inc. and Infineon Technologies AG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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