September 7th, 2022
Gesture Recognition and Touchless Sensing Market
The Gesture Recognition and Touchless Sensing Market is anticipated to grow at a faster CAGR over the forecast period (2020-2027).
The factors driving the growth of Gesture Recognition and Touchless Sensing Market includes increasing use of Gesture Recognition and Touchless Sensing solutions in the end-use industries such as Automotive and Healthcare, rising number of smart cities and growing concerns about hygiene and user experience. According to the report published by Bloomberg, the Smart cities Market is anticipated to reach USD 1874.83 billion by the end of 2029, growing at a CAGR of 21.68% over the forecast period (2022-2029), which is expected to boost the Gesture Recognition and Touchless Sensing Market size in the approaching years. Moreover, the increasing penetration of smartphones, laptops and tablets, rising adoption of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML) and Internet of Things (IoT) and rising awareness about security standards, are some of the additional factors supplementing the market growth.
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However, the growth of Gesture Recognition and Touchless Sensing Market is hindered due to disruptions in the global supply chain.
The major players operating in the Gesture Recognition and Touchless Sensing Market are Sony Depthsensing Solutions SA/NV., Infineon Technologies AG, OmniVision Technologies Inc., Microsoft Corporation, Microchip Technology Inc., Google LLC, Apple Inc., Irisguard, Cognitec Systems GmbH and GestureTek, among others.
Industry: Segment Analysis
Based on Industry, the Consumer Electronics segment is projected to capture the largest market share during the forecast period attributed to growing demand for smartphones, laptops and smart speakers across the globe.
Touchless Sensing: Segment Analysis
Based on Touchless Sensing, the technology segment is estimated to expand at a remarkable CAGR over the forecast period attributed to increasing application of biometrics across different industries such as Automotive and BSFI.
Regional: Segment Analysis
Based on Region, the Asia-pacific region is expected to expand at a significant CAGR during the forecast period. The increasing demand for consumer electronics, increasing adoption of Virtual Reality in the gaming industry, rising number of smart city projects, rapid urbanization, improvements in the living standards and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Segmentation by Technology
Touch-Based Gesture RecognitionMulti-Touch System
Touchless Gesture RecognitionCapacitive/Electric Field
3D Vision Technologies
Segmentation by Type
Online Gesture Recognition
Offline Gesture Recognition
Segmentation by Technology
Segmentation by Product
Touchless Sanitary EquipmentTouchless Faucets
Touchless Soap Dispensers
Touchless Paper Towel Dispensers
Touchless Trash Cans
Touchless Hand Dryers
Touchless Biometric EquipmentTouchless Fingerprint Recognition
Face Recognition System
Segmentation by Industry
Segmentation by Region
Rest of APAC
North AmericaUnited States of America
Rest of Europe
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