Gesture Recognition and Touchless Sensing - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Gesture Recognition and Touchless Sensing Market is accounted for $10.9 billion in 2018 and is expected to reach $65.9 billion by 2027 growing at a CAGR of 22.1% during the forecast period. Some of the key factors influencing the market growth include the growing rate of adoption by original equipment manufacturers (OEMs), increasing demand for the virtual and simulation products and surging application of gesture control features in automobiles. However, the absence of haptic sensation and higher switchover costs is restraining the market growth.
Gesture recognition & touchless sensing is the use of various mathematical algorithms by means of computing devices in order to translate human gestures or movements. These systems help humans interact with the machines without making use of any mechanical devices. The recognition & touchless sensing technology uses human gestures such as the movement of the head, fingers, arms, hands, and an entire body.
Based on the technology, the touch-based gesture recognition technology segment is going to have a lucrative growth during the forecast period. Touch-based gesture recognition technologies allow a user to make a certain gesture by touching a device or through a controller connected to the device. Such touch/device-based gestures can be seen in most smartphones available in the market. The largest market size for touch-based gesture control devices is attributed to the larger customer base for touch-based devices.
By Geography, APAC is likely to have a huge demand owing to the rising foreign investments, increasing demand for consumer electronic products in this region. The growing demand for gesture-enabled products, such as smartphones, laptops and tablets, smart TVs, has propelled the growth of the gesture recognition market for the region. The developing countries in the APAC region provide a favorable environment for product manufacturers.
Some of the key players in global Gesture Recognition and Touchless Sensing market are Sony Corporation, Google, Inc., Cross Match Technologies Inc., Microsoft Corporation, Eyesight Technologies Ltd., Omnivision Technologies, Inc., Xyz Interactive Technologies, Inc., Apple, Inc., Elliptic Labs, Cognitec Systems GmbH, Intel Corporation, Gesture Research, Microchip Technology, Inc., Pmd Technologies AG, Qualcomm Technologies, Inc., Irisguard, Inc., Omron Corporation, and Infineon Technologies AG.
• Touchless Biometric
• Sanitary Equipment
• Camera-based Technology
• Voice Assistance
• Radio-Frequency Identification (RFID) Technology
• Touchless Gesture Recognition
• Touch-based Gesture Recognition
• Photo-Ionization Detectors
• Solid State/Metal Oxide Semiconductor
End Users Covered:
• Finance and Banking
• Consumer Electronics
• Advertisement & Communication
• Aerospace & Defense
• Retail Industry
• Small And Medium-Sized Enterprises (SMEs) Organizations
• Educational Hubs
• Medical Centers
• Commercial Centers
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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