Overview and Scope
Gesture recognition is a system that uses sensors to read and interpret hand movements. Touchless sensing, on the other hand, is a subset of gesture control that tries to connect humans and computers without requiring any physical contact or input.
Sizing and Forecast
The gesture recognition and touchless sensing market size has grown exponentially in recent years. It will grow from $16.84 billion in 2023 to $20.36 billion in 2024 at a compound annual growth rate (CAGR) of 21.0%. The growth in the historic period can be attributed to early innovations in human-machine interaction, automotive integration of gesture controls, healthcare and medical applications, commercial and retail integration, growth in smart home automation..
The gesture recognition and touchless sensing market size is expected to see rapid growth in the next few years. It will grow to $41.94 billion in 2028 at a compound annual growth rate (CAGR) of 19.8%. The growth in the forecast period can be attributed to application in entertainment and gaming, focus on hygiene and sanitary solutions, integration with internet of things (iot) devices, rise in contactless payment and retail applications, expansion in automotive adoption.. Major trends in the forecast period include application in healthcare and medical settings, innovation in sensing technologies, rise of augmented reality (ar) and virtual reality (vr), expansion in consumer electronics..
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Segmentation & Regional Insights
The gesture recognition and touchless sensing market covered in this report is segmented –
1) By Product: Biometric equipment, Sanitary Equipment
2) By Technology: Touch-based, Touchless
3) By Industry: Automotive, Consumer Electronics, Healthcare, Advertisement And Communication, Defense, Finance and Banking, Government, Other Industries
North America was the largest region in the gesture recognition and touchless sensing market share in 2023. The regions covered in the gesture recognition and touchless sensing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing usage in the automotive industry is expected to propel the growth of the gesture recognition and touchless sensing market going forward. The automotive industry refers to both the designing and manufacturing of motorcycles. Gesture recognition and touchless sensing assist in reducing driver distractions caused by fumbling with touchscreens and inconveniently placed controls. For instance, in August 2023, according to the Board of Governors of the Federal Reserve System, a US-based government agency, total vehicle production in the United States increased to 11.77 million units in July, up from 10.91 million units in June. Therefore the growing usage in the automotive industry is driving the gesture recognition and touchless sensing market.
Key Industry Players
Major companies operating in the gesture recognition and touchless sensing market report are Microsoft Corporation, Microchip Technology Inc., Apple Inc., Google LLC, Sony Depthsensing Solutions SA, Infineon Technologies AG, Cognitec Systems GmbH, GestureTek Systems Inc., OmniVision Technologies Inc., IrisGuard UK Ltd., Intel Corporation, Qualcomm Inc., Eyesight Technologies Ltd., Crossmatch Technologies Inc., Omron Corporation, SoftKinetic International SA, Prime Sense Limited, Texas Instruments Inc., Cipla Ltd., XYZ Interactive Technologies Inc., Elliptic Laboratories ASA, PMD Technologies AG, Oblong Industries Inc., Ultraleap Limited, PointGrab Ltd., Leap Motion Inc., Pyreos Limited, Xilinx Inc., MicroVision Inc., Melexis NV, Vayyar Imaging Ltd., Cognitivesignals, Cognivue Corporation,
The gesture recognition and touchless sensing market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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