[192 Pages Report] The gesture
recognition market is expected to be worth USD 18.98 Billion by 2022,
growing at a CAGR of 29.63% between 2017 and 2022. The touchless sensing market
is expected to be worth USD 15.27 Billion by 2022, growing at a CAGR of 17.44%
between 2017 and 2022.
The major drivers for the market
include the surging application of gesture control features in automobiles,
increasing digitalization across industries, favorable programs deployed by
government, and reduction of hygiene concerns due to presence of touchless
sanitary solutions.
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The
touch-based gesture recognition technology held a larger share of the gesture
recognition market in 2016 due to the larger customer base for touch-based
devices. There are two types of touch-based gesture recognition
technologies—multi-touch and motion gesture. These technologies allow a user to
make a certain gesture by touching a device or through a controller connected
to the device.
In the gesture recognition
market, the consumer electronics industry held the largest share in 2016, while
the healthcare industry is expected to grow at the highest rate during the
forecast period. The increased hygiene concern across the healthcare industry
is expected to have a major influence on the gesture recognition market and
would accelerate the adoption of gesture control devices throughout the
forecast period. Therefore, the convenience associated with the gesture control
devices is expected to influence the healthcare industry during the forecast
period.
Asia-Pacific (APAC) dominates the
gesture recognition market and would have the highest growth rate throughout
the forecast period owing to the increasing demand of consumer electronic
products in this region. The growing demand for gesture-enabled products, such
as smartphone, laptops and tablets, smart TVs, has propelled the growth of the
gesture recognition market for the region. The touchless sensing market is led
by the Americas.
This is mainly driven by
large-scale funded programs such as the Visa Waiver Program (VWP) that enable
people from certain countries to travel to the U.S. without a visa. The
developing countries in the APAC region have a huge growth potential and
provide a favorable environment for product manufacturers. Hence, the touchless
sensing market in APAC is expected to grow at the highest rate during the
forecast period.
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The major
vendors in the gesture recognition and touchless sensing market are Infineon
Technologies AG (Germany), Qualcomm Technologies, Inc. (U.S.), eyeSight
Technologies Ltd (Israel), Cognitec Systems GmbH (Germany), Intel Corporation
(U.S.), Crossmatch(U.S.), Elliptic Labs (Norway), PointGrab (Israel), Google,
Inc. (U.S.), Apple, Inc. (U.S.), Microsoft Corporation (U.S.), Microchip
Technology, Inc. (U.S.), OmniVision Technologies Inc. (U.S.), Sony Corporation
(Japan) and pmd technologies ag (Germany). These players have adopted various
strategies, such as new product launches and developments, contracts,
acquisitions, partnerships, and business expansions, to cater to the needs of
the market.
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