Key Trends in Gesture Recognition and Touchless Sensing Market

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.

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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.

Browse in-depth TOC on "Gesture Recognition Market"
105 – Tables
71 - Figures
187 – Pages

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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.

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Gesture Recognition and Touchless Sensing Market by Technology Innovations and Growth 2022

[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.

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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com