Gesture Recognition and Touchless Sensing Market Size, Application Potential, Industry Analysis Report, Price Trends, Regional Outlook, Market Share & Forecast, 2020 - 2026
Report ID: GMI469
Gesture Recognition And Touchless Sensing Market size was over USD 6 billion in 2015 and is estimated to increase at more than 20% CAGR and cross USD 30 billion in 2023.
The gesture recognition and touchless sensing market is highly technology-oriented, efficient, ensures a high level of human-machine interaction (HMI), and enables the user to give meaningful commands with full body motions, hand motions, and/or facial expressions.
Handling a range of machines such as personal navigation devices, computers, laptops, and mobile handsets through gestures as input commands delivers a high degree of convenience to the user. Assisted with computer vision and image processing, the technology has gained prominence among consumers and OEMs. Increased application in gaming, healthcare, automation, consumer electronics, and automotive has augmented gesture recognition market growth. Healthcare and automotive gesture recognition and touchless sensing market applications will exhibit high growth potential through the forecast timeframe. Factors such as increasing awareness for safety, assembly of several technologies, use of highly efficient equipment, user experience and hygiene will also accelerate growth.
Maintaining accepted technical standards and inadequate standardization in the development are some of the restraining factors. Gesture recognition market price trend is expected to have a medium impact on growth prospects.
The global gesture recognition market is categorized into touch based and touchless technology. Major touch based products are gyroscope, accelerometer, and combo sensors; the touchless segment includes technology usage in ultrasonic (3D), infrared 2D array, and camera solutions.
Application segments comprise consumer electronics, gaming, automotive, hospitality, aerospace and defense, commercial centers, medical centers, and educational hubs. Key technology segments of the touchless sensing market are RFID, camera based, voice recognition, and sensors, while products include sanitary equipment and biometric. Major verticals where these products are used include consumer electronics, government, finance & banking, healthcare, and automotive.
North America gesture recognition market share was the largest, with over 35% of the total revenue in 2015. The region is forecast to witness substantial growth across the touchless biometric market, followed by MEA. Use of this technology is increased in the industrial sector due to increasing challenges in the non-automatic operation of machineries and increased gesture controlled operations in factory automation. Smart devices that detect hand gestures as well as body movements in the field of defense and aerospace is stimulating industry demand in the region.
Asia Pacific gesture recognition and touchless sensing market share is projected to grow at over 50% CAGR from 2016 to 2023.It is expected to capture the largest revenue share due to increased adoption of touchless biometric equipment, rising popularity of advanced devices in educational institutions such as gaming devices and smart projectors. Increasing application in biometric systems and sanitary equipment are predominant factors for growth in this region. Major regional contributors are China, Japan, India, and South Korea.
For facial recognition, applications in government sector will dominate revenue over the forecast period. 2D camera technology will govern the smartphones sector. Advancing technologies such as ultrasonic, capacitive or electric charge near field, infrared, and 3D technologies are set to witness a substantial increase in freighting .The technology incorporated into a wide range of devices, interactive digital signs, including medical equipment, robots and arcade game machines will enhance revenue across consumer applications.
The global competitors in gesture recognition sector are Microsoft Corporation, Intel Corporation, Apple Inc., Irisguard, Inc., Qualcomm Inc., Primesense Ltd., Cognivue Corporation, Eyesight Tech, GestureTek, Inc., Crunchfish AB, Omron Corporation, Infineon Technologies, Elliptic Laboratories and SoftKinetic.
Leading companies are focusing on mergers and acquisitions for targeting untapped markets and product innovation. For example, Microsoft Kinect for Windows has tied up with many partners for innovative product development. Companies are investing in research and development activities to enhance the usability and create new innovative products.
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability
Take a free trial of GMIPuse, our report store; designed to provide clients a range of market research services, all on a single platform.Start Your Free Trial
Benefits of Association
Data Coverage & Quality
GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.
Client Trust & Security
GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.
Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.