The gesture recognition and touchless sensing market is projected to reach USD 37.6 billion by 2026 from USD 13.6 billion in 2021; it is expected to grow at a CAGR of 22.6% from 2021 to 2026.
North America has the largest market share for gesture recognition and touchless sensing. Whereas, APAC has the highest growth rate and is expected to grow at the highest CAGR during the forecast period owing to the rapidly changing face of technology and customer needs in high-potential markets such as China, Japan, South Korea, and India.
Due to advancements in technology and the emergence of new business models as well as new infrastructural developments in the developing cities of the region, the gesture recognition and touchless sensing market is exhibiting an upbeat outlook. The growing awareness of hygiene and advancement of security standards would further fuel the adoption of gesture recognition and touchless sensings in APAC.
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Online gesture recognition is used to scale or rotate a tangible object and control a machine or a computer in real-time. Also called direct manipulation gestures, it lets the user interact with objects and impose changes viewable as done to them. Online gestures are regarded as direct manipulation, such as scaling and rotating. In contrast, offline gestures are usually processed after the interaction is finished—for example, a circle is drawn to activate a context menu. Offline gesture recognition is a relatively newer technology than online gesture recognition, owing to which the rate of recognition in offline gestures is lower than that of online gestures.
The growth of the touchless sensing market in North America is mainly driven by large-scale funded programs by the government, such as the Visa Waiver Program (VWP), which enables people from certain countries to travel to the US without a visa. Moreover, the high adoption rate of touchless sensing equipment and rising technological advancements also drive the growth of the touchless sensing market in North America. The gesture recognition and touchless sensing market in North America have witnessed significant advancements in recent years. It is always at the forefront of the adoption of technology and associated services. The deployment of augmented reality (AR) and virtual reality (VR) technologies in the gaming and entertainment industries have accelerated the adoption of gesture recognition products and solutions in the region. The government takes favorable initiatives in North America to strengthen regulatory activities, and security operations have encouraged the growth of the touchless sensing market. Moreover, the demand for finger-scan biometric technologies for user authorization is expected to increase the demand for PC/network security applications. The major drivers for the gesture recognition market In North America include the intensive efforts by OEMs for one-stop integration and a highly developed gaming & entertainment industry. Currently, consumer electronic applications contribute to the maximum share of the gesture recognition market in this region. There is a surplus opportunity for existing players and new entrants to innovate and differentiate products related to the price and high-quality user interface. The touchless sensing and gesture recognition market is expected to have high demand owing to augmented applications; however, a saturated consumer electronics industry is expected to restrain the market growth compared to other regions worldwide.
The major companies in the gesture recognition and touchless sensing market are Microsoft Corporation (US), Microchip Technology Inc. (US), Apple Inc. (US), Google LLC (US), Sony Depthsensing Solutions SA/NV (Belgium), Infineon Technologies (Germany), Cognitec Systems GmbH (Germany), GestureTek (Canada), OmniVision Technologies (US), IrisGuard (UK), Cipia (Israel), Elliptic Laboratories (Norway), XYZ Interactive (Canada), pmdtechnologies ag (Germany), Oblong Industries Inc. (US), Gesture Research (India), PointGrab Inc. (Israel), ESPROS Photonics (Switzerland), HID Global Corporation (US), OMRON Corporation (Japan), Ultraleap (UK), German Autolabs (Germany), iProov Ltd. (UK), Qualcomm (US) and Toposens (Germany).
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