The gesture recognition and touchless sensing global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Gesture Recognition and Touchless Sensing Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The gesture recognition and touchless sensing market size has grown exponentially in recent years. It will grow from <b>$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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Scope Of Gesture Recognition and Touchless Sensing Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Gesture Recognition and Touchless Sensing Market Overview
Market Drivers –
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.
Market Trends –
Technological innovations are a key trend gaining popularity in the gesture recognition and touchless sensing market. Major companies operating in the gesture recognition and touchless sensing market are introducing innovative products to sustain their position in the market. For instance, in May 2021, Boréas Technologies, a Canada-based technology company operating in gesture recognition and touchless sensing launched a new piezo sensor, an innovative finger-sensing technology for smartphones. This combines HD haptic feedback with gesture detection and can detect a variety of actions, including taps, swipes, clicks, and multi-level force clicks over a smartphone, allowing for a highly customizable haptic experience.
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
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Regional Insights –
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.
Key Companies –
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,
Table of Contents
1. Executive Summary
2. Gesture Recognition and Touchless Sensing Market Report Structure
3. Gesture Recognition and Touchless Sensing Market Trends And Strategies
4. Gesture Recognition and Touchless Sensing Market – Macro Economic Scenario
5. Gesture Recognition and Touchless Sensing Market Size And Growth
…..
27. Gesture Recognition and Touchless Sensing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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