Gesture Recognition and Touchless Sensing Market Growth, Share, Trends and Future Scope 2032
Gesture Recognition and Touchless Sensing Market Size- By Technology, By Product, By Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Feb-2023 | Report ID: IACT2348 | Pages: 1 - 206 | Formats*: |
| Category : Information & Communications Technology | |||
Global Gesture Recognition and Touchless Sensing Market Overview
According to SPER Market Research, the Global Gesture Recognition and Touchless Sensing Market is estimated to reach USD 138.58 billion by 2032 with a CAGR of 20.76%.
Two technologies that are a component of the paradigm for human-machine interactions are gesture recognition and touchless sensing. With the use of mathematical algorithms, this technology attempts to understand human gestures. Although gestures can come from any physical state or motion, they often come from the hand or the face. Increased digitalization across the globe, increased ease of adoption by users due to low technical complexity, improved user experience, and technological advancements occurring in sectors like healthcare, gaming, consumer electronics, automotive, and automation are among the key factors boosting gesture recognition and touchless syncing. Additionally, throughout the forecast period noted above, the market for gesture recognition and touchless sensing will see growth due to the increasing integration of several technologies with gesture control, the importance of gesture recognition in virtual reality (VR), and the emergence of smart homes. However, among other things, the market growth is being constrained by high power consumption, irrelevant object overlapping with 3D gesture recognition, and incorrect object extraction. The cost of the products will also pose a challenge to the gesture recognition and touchless sensing market during the forecast period mentioned above.
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Impact of COVID-19 on the Global Gesture Recognition and Touchless Sensing Market
The COVID-19 public health catastrophe, which has had an influence on almost every industry, is truly unprecedented on a global scale, and its long-term effects are anticipated to have an effect on industry growth throughout the course of the projected period. China is an important participant in the global supply chain for intermediate goods, including computers, electronics, pharmaceuticals, transportation equipment, and gesture recognition technologies. As a result, the country's output decline has had an effect on businesses all over the world.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Technology, By Product, By Industry. |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | ESPROS Photonics, Microsoft, Eyesight Technologies Ltd., Cognivue, Gestsure Technologies Ltd., Elliptic Laboratories A/S, Cognitec Systems GmbH, Crossmatch, Microchip Technology Inc., Qualcomm Technologies, Inc., XYZ Interactive, OBLONG INDUSTRIES, INC, MetaSensor Inc., GESTURE RESEARCH, PointGrab Inc., OmniVision Technologies, Inc. and Infineon Technologies AG. |
Global Gesture Recognition and Touchless Sensing Market Segmentation:
1. By Technology:
- Camera-Based Technology
- Sensors
- Touch-Based Gesture Recognition
- Touchless Gesture Recognition, RFID Technology
- Voice Assistance
- Others
2. By Product:
- Touchless Sanitary Equipment
- Touchless Biometric
- Others
3. By Industry:
- Advertisement & Communication
- Automotive
- Consumer Electronics
- Defense
- Finance and Banking
- Government
- Healthcare
- Others
4. By Region:
- Asia-Pacific
- Europe
- Middle East
- Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Gesture Recognition and Touchless Sensing Market Size (FY’2019-FY’2032)
- Overview of Global Gesture Recognition and Touchless Sensing Market
- Segmentation of Global Gesture Recognition and Touchless Sensing Market By Technology (Touch-Based Gesture Recognition, Touchless Gesture Recognition, RFID Technology, Camera-Based Technology, Sensors, Voice Assistance, Others)
- Segmentation of Global Gesture Recognition and Touchless Sensing Market By Product (Touchless Sanitary Equipment, Touchless Biometric, Others)
- Segmentation of Global Gesture Recognition and Touchless Sensing Market By Industry (Automotive, Consumer Electronics, Healthcare, Advertisement & Communication, Défense, Finance and Banking, Government, Others)
- Statistical Snap of Global Gesture Recognition and Touchless Sensing Market
- Growth Analysis of Global Gesture Recognition and Touchless Sensing Market
- Problems and Challenges in Global Gesture Recognition and Touchless Sensing Market
- Competitive Landscape in the Global Gesture Recognition and Touchless Sensing Market
- Impact of COVID-19 and Demonetization on Global Gesture Recognition and Touchless Sensing Market
- Details on Recent Investment in Global Gesture Recognition and Touchless Sensing Market
- Competitive Analysis of Global Gesture Recognition and Touchless Sensing Market
- Major Players in the Global Gesture Recognition and Touchless Sensing Market
- SWOT Analysis of Global Gesture Recognition and Touchless Sensing Market
- Global Gesture Recognition and Touchless Sensing Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Gesture Recognition and Touchless Sensing Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Gesture Recognition and Touchless Sensing Market Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Gesture Recognition and Touchless Sensing Market
7. Global Gesture Recognition and Touchless Sensing Market, By Technology, 2019-2032 (USD Million)
7.1 Camera-Based Technology7.2 Sensors7.3 Touch-Based Gesture Recognition7.4 Touchless Gesture Recognition, RFID Technology7.5 Voice Assistance7.6 Others
8. Global Gesture Recognition and Touchless Sensing Market, By Product, 2019-2032 (USD Million)
8.1 Touchless Sanitary Equipment8.2 Touchless Biometric8.3 Others
9. Global Gesture Recognition and Touchless Sensing Market, By Industry, 2019-2032 (USD Million)
9.1 Advertisement & Communication9.2 Automotive9.3 Consumer Electronics9.4 Defense9.5 Finance and Banking9.6 Government9.7 Healthcare9.8 Others
10. Global Gesture Recognition and Touchless Sensing Market, By Region, 2019-2032 (USD Million)
10.1 Global Gesture Recognition and Touchless Sensing Market Size and Market Share by Region (2019-2025)10.2 Global Gesture Recognition and Touchless Sensing Market Size and Market Share by Region (2026-2032)10.3 Asia-Pacific
10.3.1 Australia10.3.2 China10.3.3 India10.3.4 Japan10.3.5 South Korea10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France10.4.2 Germany10.4.3 Italy10.4.4 Spain10.4.5 United Kingdom10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia10.5.2 United Arab Emirates10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada10.6.2 Mexico10.6.3 United States
10.7 Latin America
10.7.1 Argentina10.7.2 Brazil10.7.3 Rest of Latin America
11. Company Profiles
11.1 ESPROS Photonics
11.1.1 Company details11.1.2 Financial outlook11.1.3 Product summary11.1.4 Recent developments
11.2 Microsoft
11.2.1 Company details11.2.2 Financial outlook11.2.3 Product summary11.2.4 Recent developments
11.3 Eyesight Technologies Ltd.
11.3.1 Company details11.3.2 Financial outlook11.3.3 Product summary11.3.4 Recent developments
11.4 Cognivue
11.4.1 Company details11.4.2 Financial outlook11.4.3 Product summary11.4.4 Recent developments
11.5 Gestsure Technologies Ltd.,
11.5.1 Company details11.5.2 Financial outlook11.5.3 Product summary11.5.4 Recent developments
11.6 Elliptic Laboratories A/S
11.6.1 Company details11.6.2 Financial outlook11.6.3 Product summary11.6.4 Recent developments
11.7 Cognitec Systems GmbH
11.7.1 Company details11.7.2 Financial outlook11.7.3 Product summary11.7.4 Recent developments
11.8 Crossmatch
11.8.1 Company details11.8.2 Financial outlook11.8.3 Product summary11.8.4 Recent developments
11.9 Microchip Technology Inc.
11.9.1 Company details11.9.2 Financial outlook11.9.3 Product summary11.9.4 Recent developments
11.10 Qualcomm Technologies, Inc.
11.10.1 Company details11.10.2 Financial outlook11.10.3 Product summary11.10.4 Recent developments
11.11 XYZ Interactive
11.11.1 Company details11.11.2 Financial outlook11.11.3 Product summary11.11.4 Recent developments
11.12 OmniVision Technologies, Inc.
11.12.1 Company details11.12.2 Financial outlook11.12.3 Product summary11.12.4 Recent developments
11.13 OBLONG INDUSTRIES, INC,
11.13.1 Company details11.13.2 Financial outlook11.13.3 Product summary11.13.4 Recent developments
11.14 MetaSensor Inc.
11.14.1 Company details11.14.2 Financial outlook11.14.3 Product summary11.14.4 Recent developments
11.15 GESTURE RESEARCH
11.15.1 Company details11.15.2 Financial outlook11.15.3 Product summary11.15.4 Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Gesture Recognition and Touchless Sensing Market is projected to reach USD 138.58 billion by 2032, growing at a CAGR of 20.76% during the forecast period.
Gesture Recognition and Touchless Sensing Market grew in market size from 2021. The Market is expected to reach USD 138.58 billion by 2032, at a CAGR of 20.76% during the forecast period.
Gesture Recognition and Touchless Sensing Market CAGR of 20.76% during the forecast period.
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Gesture Recognition and Touchless Sensing Market size is USD 138.58 billion from 2022 to 2032.
Gesture Recognition and Touchless Sensing Market Segment is Covered By Technology, By Product, By Industry.
The North America region is anticipated to have the highest market share in the Gesture Recognition and Touchless Sensing Market.
The market for gesture recognition and touchless sensing will see growth due to the increasing integration of several technologies with gesture control, the importance of gesture recognition in virtual reality (VR), and the emergence of smart homes.
The key players in the market include Companies Covered ESPROS Photonics, Microsoft, Eyesight Technologies Ltd., Cognivue, Gestsure Technologies Ltd., Elliptic Laboratories A/S, Cognitec Systems GmbH, Crossmatch, Microchip Technology Inc., Qualcomm Technologies, Inc., XYZ Interactive, OBLONG INDUSTRIES, INC, MetaSensor Inc., GESTURE RESEARCH, PointGrab Inc., OmniVision Technologies, Inc. and Infineon Technologies AG.
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