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 framework for manufacturers pose a major challenge to this
market.
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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 touchless sensing market. The
major restraint for the market is higher switchover cost coupled with user
resistance. High cost involved in touchless sensing products pose a major
challenge to this market.
Consumer electronics segment is projected to
account for a significant share of the gesture recognition market owing to
the growing adoption of the technology due to low technical complexities. There
has been an increase in the production of gesture-based interfaces, which
enable users to control devices or software using body movements and gestures.
These interfaces are being incorporated into a wide range of devices, including
interactive digital signs, medical equipment, arcade game machines, and robots.
Also, gesture recognition technology is majorly implemented in electronic
devices such as smartphones, laptops, tablets, smart TVs, set-top boxes,
head-mounted display (HMD), and gaming consoles.
The gesture recognition market for the
consumer electronics industry is growing owing to the increasing need for ease
and convenience in product usage. Gesture-based interface used in consumer
electronics is more cost-effective than the traditional interface devices such
as keyboard and mouse. The use of gesture recognition technology is supporting
the growth of the gaming industry, which is projected to be the major
contributor to the global market growth. Many consumer electronic device
manufacturers, such as ASUS (Taiwan), Dell (US), Lenovo (Hong Kong), and HP
(US), have started integrating 3D cameras in their devices. 3D cameras can
analyze the depth of an image and can differentiate between the light reflected
from different parts of the human body, and that reflected from the surrounding
environment. Therefore, the increasing use of 3D cameras is likely to fuel the
growth of the consumer electronics segment during the forecast period.
The touchless sensing market
by technology is expected to be dominated by the sensors segment during the
forecast period. Touchless sensors are
developed to help in the user interface innovations centered on touchless
gesturing. The market for sensors is growing owing to the increasing
digitization across various industries, such as consumer electronics,
automotive, government, and banking.
The voice assistance segment is expected to register the highest CAGR
owing to the increasing application of voice authentication technology in
mobile banking applications, AI for accuracy of speech and voice recognition,
and rapid proliferation of multifunctional devices or smart speakers.
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APAC is expected to register
the highest CAGR during the forecast period. APAC is a high
potential market for gesture recognition and touchless sensing products, owing
to the presence of emerging economies such as China and India. The increasing
awareness regarding hygiene and advanced security standards in emerging
countries, such as India and China, are propelling the growth of the gesture
recognition and touchless sensing market. Moreover, in countries such as China,
Japan, and South Korea, governments give prime importance to the security
aspect. Moreover, the growing demand for gesture-enabled products, such as
smartphones, laptops and tablets, and smart TVs, is expected to propel the
growth of the gesture recognition market in APAC.
The biometrics market in APAC is set to grow due to technological
advancements in biometric technology and low costs of the biometric equipment.
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