According to the new
market research report "Gesture Recognition and Touchless Sensing
Market by Technology (Touch-Based and Touchless), Product (Sanitary
Equipment, Touchless Biometric), Type (Online, Offline) Industry and Geography
- Global Forecast to 2025", published by MarketsandMarkets™, the
Gesture Recognition Market is projected to reach USD
32.3 billion in 2025 from USD 9.8 billion in
2020, at a CAGR of 27.0%.
Major drivers for the
gesture recognition market's growth are increasing demand for connectivity in
the automotive industry, low technical complexity and advanced user experience
and growing digitization across several industries. Further, the integration of
multiple technologies with gesture control will create opportunities for the
gesture recognition market. The major restraint for the market is high power
consumption by the gesture-enabled products. Complex frameworks for
manufacturers pose a major challenge to this market.
The touchless
sensing market is projected to reach USD 15.3 billion in
2025 from USD 6.8 billion in 2020 at a
CAGR of 17.4%. Major drivers for the touchless sensing market include
increasing demand for contact-free sensing as well as hygiene issues and favorable
programs deployed by the government. The escalating demand for touchless
sensing technologies in smartphones and touchless biometric solutions with
upgraded tracking and controlling functionalities will create opportunities for
the touchless sensing market. The major restraint for the market is higher
switchover costs coupled with user resistance. High cost involved in touchless
sensing products pose a major challenge to this market.
Online gesture recognition is expected to hold a larger share of
the gesture recognition market
Online
gesture is regarded as direct manipulation, such as scaling and rotating. In
contrast, offline gesture is usually processed after the interaction is
finished; e.g., a circle is drawn to activate a context menu. Offline gesture
recognition is a relatively new technology than online gesture recognition. The
rate of recognition in offline gesture is lower than that of the online
gesture. The online gesture recognition segment is expected to register a
higher CAGR during the forecast period.
Sensors segment is expected to hold the largest market share of
the touchless sensing market during the forecast period
The touchless
sensing market by technology is expected to be dominated by the sensors segment
during the forecast. Touchless sensors are developed to help in the user
interface innovations centered on period touchless gesturing. The market for
sensors is growing owing to the increasing digitization across various
industries, such as consumer electronics, automotive, government, and banking.
Gesture recognition and touchless sensing market in APAC to grow
at highest CAGR during the forecast period
The
gesture recognition market in APAC is expected to have the highest growth rate
throughout the forecast period owing to the increasing demand for consumer
electronics in this region. The growing demand for gesture-enabled products
such as smartphones, laptops and tablets, and smart TVs has propelled the
growth of the gesture recognition market in the APAC region.
Major Key Players:
Microsoft
Corporation (US), Microchip Technology Inc. (US), Apple Inc. (US), Google Inc.
(US), Sony Depthsensing Solutions SA/NV (Belgium), Infineon Technologies AG (Germany), OmniVision Technologies, Inc. (US), IrisGuard
(UK), Cognitec Systems GmbH (Germany), and GestureTek (Canada), pmdtechnologies ag (Germany), PointGrab Inc. (Israel), XYZ Interactive (Canada), Elliptic Labs (Norway), Eyesight Technologies Ltd. (Israel), Ultraleap (UK), German Auto Labs GmbH (Germany), iPROOV Limited (UK), Gesture Research (India) and OBLONG INDUSTRIES (US) are a few major players
in the gesture recognition and touchless sensing market.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research
on 30,000 high growth niche opportunities/threats which will impact 70% to 80%
of worldwide companies’ revenues. Currently servicing 7500 customers worldwide
including 80% of global Fortune 1000 companies as clients. Almost 75,000 top
officers across eight industries worldwide approach MarketsandMarkets™ for
their painpoints around revenues decisions.
Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
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