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.
Ask for PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=369
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.
Inquiry Before Buying:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=369
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.
No comments:
Post a Comment