The Gesture Recognition and Touchless Sensing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Gesture Recognition and Touchless Sensing Global Market Report 2024, 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..
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.
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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
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 report table of contents includes:
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