The report “Gesture Recognition and Touchless Sensing Market with COVID-19 Impact Analysis by Technology (Touch-based, Touchless), Type, Product (Touchless Biometric Equipment, Touchless Sanitary Equipment), Industry and Geography – Global Forecast to 2026″The gesture recognition and touchless sensing market is projected to reach USD 37.6 billion by 2026 from USD 13.6 billion in 2021; it is expected to grow at a CAGR of 22.6% from 2021 to 2026. North America has the largest market share for gesture recognition and touchless sensing. Whereas, APAC has the highest growth rate and is expected to grow at the highest CAGR during the forecast period owing to the rapidly changing face of technology and customer needs in high-potential markets such as China, Japan, South Korea, and India. Due to advancements in technology and the emergence of new business models as well as new infrastructural developments in the developing cities of the region, the gesture recognition and touchless sensing market is exhibiting an upbeat outlook.
The growing awareness of hygiene and advancement of security standards would further fuel the adoption of gesture recognition and touchless sensings in APAC. Furthermore, growth in end-use sectors and mounting investments from government bodies are also favoring the growth of the gesture recognition and touchless sensing market in the region. North America to holds the largest share and is also expected to have the same during the forecast period due to presence of major players such as Microsoft Inc., Oblong Industries, Rausch Electronics, etc. Also, rapid rise of technological advancements in the region is creating opportunities for gesture recognition and touchless sensing market.
• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=369
Browse 179 market data Tables and 76 Figures spread through 240 Pages and in-depth TOC on “Gesture Recognition and Touchless Sensing Market by Technology and Geography – Global Forecast to 2026”
View detailed Table of Content here –
https://www.marketsandmarkets.com/Market-Reports/touchless-sensing-gesturing-market-369.html
In technology, the touchless technology segment is expected to grow at the highest rate of the gesture recognition and touchless sensing market
Touchless technology combines linguistics with wireless signals to analyze, judge, and integrate human gestures and sensing by using intelligent algorithms. Gesture recognition is achieved with the help of machine learning technologies. Touchless technology is affected by some objective factors, such as the user’s position and non-line of sight conditions. Touchless user interface (TUI) is an emerging type of technology concerning gesture control. TUI is the process of commanding the computer via body motion and gestures without touching a keyboard, mouse, or screen. Touchless gesture recognition in a vehicle improves safety while driving. The less time the driver spends navigating through menus, the more time focused on the road. The touchless technology market is expected to dominate the gesture recognition and touchless sensing market, by technology, during the forecast period. The large share of this market segment can be attributed to the larger customer base for touchless technologies.
The consumer electronics industry has largely adopted touch-based gesture recognition technology due to its low cost and increased use by original equipment manufacturers. Touch-based technology is also largely used in gaming and automotive applications due to the emerging human-machine interaction technology for touch-based gesture recognition. Touchless technology is divided into different types such as proximity sensors, RFID, camera-based sensors, voice assistance, etc. Proximity sensors are expected to hold the largest market share during the forecast period. Proximity sensors include capacitive, infrared, and ultrasonic sensors. These are used in touchless sanitary equipment and touchless biometric equipment. Of these segments, proximity sensors accounted for the largest market share in 2020 and will continue to grow in the future. On the other hand, the voice assistance segment is expected to register the highest CAGR during the forecast period due to its growing demand and adoption in consumer electronics.
The online type segment, of the gesture recognition market is projected to hold a larger share during the forecast period
Online gesture recognition is used to scale or rotate a tangible object and control a machine or a computer in real-time. Also called direct manipulation gestures, it lets the user interact with objects and impose changes viewable as done to them. Online gestures are regarded as direct manipulation, such as scaling and rotating. In contrast, offline gestures are usually processed after the interaction is finished—for example, a circle is drawn to activate a context menu. Offline gesture recognition is a relatively newer technology than online gesture recognition, owing to which the rate of recognition in offline gestures is lower than that of online gestures.
The gesture recognition and touchless sensing market in APAC is projected to have the highest CARG whereas North America will continue to hold the highest market share during the forecast period (2021-2026)
The gesture recognition and touchless sensing market in APAC is projected to have the highest CARG during the forecast period (2021-2026)
The gesture recognition and touchless sensing market in APAC comprises China, Japan, South Korea, India, and the Rest of APAC, which primarily includes Australia, Singapore, Malaysia and Thailand. It is expected to be the fastest-growing market for gesture recognition and touchless sensing during the forecast period. Developing countries in the Asia Pacific region also have vast growth potential and a favorable environment for product manufacturers. Therefore, the touchless sensing market in the Asia Pacific region is expected to grow at the highest rate during the forecast period. The increasing awareness regarding hygiene and advanced security standards in emerging countries, such as India and China, are propelling the growth of the gesture recognition and touchless sensing market. Moreover, governments give prime importance to security in countries such as China, Japan, and South Korea. Moreover, the growing demand for gesture-enabled products, such as smartphones, laptops and tablets, and smart TVs, is expected to propel the growth of the gesture recognition market in APAC. The biometrics market in the APAC region is set to grow owing to technological advancements in biometric technology and the low costs of biometric equipment.
The increasing security concerns in the regions major countries have driven the need for accurate and reliable biometric systems. The e-passport program has picked up pace in many countries, and the Aadhaar number initiative by the Indian government has created an increasing demand for touchless biometrics. The demand for touchless biometrics is on the rise owing to the accuracy of biometric systems. Contactless biometric solutions are more hygienic as compared to touch-based biometric systems. The huge demand for smartphones and tablets is a prominent driver for the gesture recognition market in the APAC region. This is evident with the number of products launched from the OEMs in the last two years.
The growth of the touchless sensing market in North America is mainly driven by large-scale funded programs by the government, such as the Visa Waiver Program (VWP), which enables people from certain countries to travel to the US without a visa. Moreover, the high adoption rate of touchless sensing equipment and rising technological advancements also drive the growth of the touchless sensing market in North America. The gesture recognition and touchless sensing market in North America have witnessed significant advancements in recent years. It is always at the forefront of the adoption of technology and associated services. The deployment of augmented reality (AR) and virtual reality (VR) technologies in the gaming and entertainment industries have accelerated the adoption of gesture recognition products and solutions in the region.
• News also covered :-
https://www.prnewswire.com/news-releases/gesture-recognition-and-touchless-sensing-market-worth-37-6-billion-by-2026–exclusive-report-by-marketsandmarkets-301404398.html
The government takes favorable initiatives in North America to strengthen regulatory activities, and security operations have encouraged the growth of the touchless sensing market. Moreover, the demand for finger-scan biometric technologies for user authorization is expected to increase the demand for PC/network security applications. The major drivers for the gesture recognition market In North America include the intensive efforts by OEMs for one-stop integration and a highly developed gaming & entertainment industry. Currently, consumer electronic applications contribute to the maximum share of the gesture recognition market in this region. There is a surplus opportunity for existing players and new entrants to innovate and differentiate products related to the price and high-quality user interface. The touchless sensing and gesture recognition market is expected to have high demand owing to augmented applications; however, a saturated consumer electronics industry is expected to restrain the market growth compared to other regions worldwide.
The major companies in the gesture recognition and touchless sensing market are Microsoft Corporation (US), Microchip Technology Inc. (US), Apple Inc. (US), Google LLC (US), Sony Depthsensing Solutions SA/NV (Belgium), Infineon Technologies (Germany), Cognitec Systems GmbH (Germany), GestureTek (Canada), OmniVision Technologies (US), IrisGuard (UK), Cipia (Israel), Elliptic Laboratories (Norway), XYZ Interactive (Canada), pmdtechnologies ag (Germany), Oblong Industries Inc. (US), Gesture Research (India), PointGrab Inc. (Israel), ESPROS Photonics (Switzerland), HID Global Corporation (US), OMRON Corporation (Japan), Ultraleap (UK), German Autolabs (Germany), iProov Ltd. (UK), Qualcomm (US) and Toposens (Germany).
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/touchless-sensing-gesturing-market-369.html