Global Market for Gesture Recognition and Touchless Sensing is Anticipated to grow at a Significant Pace i.e., USD 41.5 Billion during the Forecast Period 2022-2028

Published Date: Jun, 2022

The global gesture recognition and touchless sensing market is anticipated to grow significantly at a CAGR 23.4% owing to increased market demand from consumer electronics and automotive industry as a result of digitalization. The user can interact with the machine without using any mechanical devices due to gesture recognition and touchless sensing. With an effective and technology-focused approach, this technology makes use of facial language, hand gestures, head gestures, and whole-body gestures.

The increased adoption by end-use verticals owing to less technical complexity, increased digitalization worldwide, surge in adoption by OEMs, improved user experience, and technological development in several industries like gaming, consumer electronics, healthcare, automotive & transportation, and automation will propel the market growth for the global gesture recognition and touchless sensing industry.

The surge in integration of several technologies with gesture control, rising significance of gesture recognition in virtual reality, and increased adoption of smart homes will create new avenues for the worldwide gesture recognition and touchless sensing industry during the analysis period.

Low-cost gesture-enabling software and rising demand for this technology in e-passport programs are some of the additional factors propelling the global gesture control market. In the upcoming years, the market for gesture recognition and touchless sensing will see development prospects due to the integration of various technologies and the increased usage of touch-free sanitary equipment in the residential sector.

Due to its inherent advantages, such as touchless control and improved safety, particularly for applications in automotive and consumer electronics, the global gesture recognition market is predicted to rise.

The producers are encountering a number of difficulties, including disruptions in commercial trade brought on by COVID-19, high initial costs, and a complicated framework of product technology.

Browse 63 market data Tables and 40 Figures spread through 190 Pages and in-depth TOC on " Gesture Recognition and Touchless Sensing Market by Technology (Touchless Gesture Recognition and Touch-Based Gesture Recognition), by Product (Touchless Sanitary Equipment, Touchless Biometric, and Others) by Type (Online and Offline), by Industry Vertical (Automotive, Consumer Electronics, Healthcare, Advertisement & Communication, Defense, Finance and Banking, Government and Others), and Region - Global Forecast to 2028"

By industry vertical, healthcare industry vertical is expected to have a high CAGR during the forecast period.

Based on industry vertical, the global Gesture Recognition and Touchless Sensing market is segregated into Automotive, Consumer Electronics, Healthcare, Advertisement & Communication, Defense, Finance and Banking, Government and Others. The Healthcare industry is anticipated to have a high CAGR during the forecast period owing to the increased adoption of wearable sensor-based gesture recognition and aids in contactless navigation of X-Ray displays and MRI.

Global Gesture Recognition and Touchless Sensing Market Segmentation Analysis

Segment

Categorization

Leading Category

Technology

Touchless Gesture Recognition and Touch-Based Gesture Recognition Type

Touchless Gesture Recognition (Largest)

 

Product

Touchless Sanitary Equipment, Touchless Biometrics, and Others

Touchless Sanitary Equipment

(Largest)

Touchless Biometric (Fastest)

Type

Online and Offline

Online (High CAGR)

Industry Vertical

Automotive, Consumer Electronics, Healthcare, Advertisement & Communication, Defense, Finance and Banking, Government and Others

Consumer Electronics (Largest)

Healthcare

(High CAGR)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific

 (High CAGR)

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“Asia-Pacific is anticipated to have a high CAGR in the Gesture Recognition and Touchless Sensing Market during the forecast period.”

APAC is expected to have a high CAGR during the forecast period owing to development in end-use verticals, increased government investments, rising number of commercial applications, increased digitalization globally. The gesture recognition and touchless sensing market is displaying a positive outlook due to technological improvements, the rise of new business models, and new infrastructural developments in the region's developing cities.

Some of the major players in the global Gesture Recognition and Touchless Sensing industry include Microsoft Corporation, Infineon Technologies AG, Microchip Technology Inc., Qualcomm Technologies, Inc., Apple Inc., Cognitec Systems GmbH, GestureTek, SONY DEPTHSENSING SOLUTIONS, OMNIVISION, and XYZ Interactive.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2016–2028

Historical Period

2016–2021

Base Year

2021

Forecast Period

2022–2028

Segments Covered in the Study

Technology, Product, Type, Industry Vertical, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Microsoft Corporation, Infineon Technologies AG, Microchip Technology Inc., Qualcomm Technologies, Inc., Apple Inc., Cognitec Systems GmbH, GestureTek, SONY DEPTHSENSING SOLUTIONS, OMNIVISION, and XYZ Interactive

Global Gesture Recognition and Touchless Sensing Market Coverage

Technology Insight and Forecast 2016-2028

  • Touchless Gesture Recognition
  • Touch-Based Gesture Recognition

Product Insight and Forecast 2016-2028

  • Touchless Sanitary Equipment
    • Touchless Faucets
    • Touchless Soap Dispensers
    • Touchless Towel Dispensers
    • Touchless Trashcans
    • Hand Dryers
  • Touchless Biometric
    • Touchless Fingerprint Recognition
    • Iris Recognition
    • Face Recognition System and Voice Recognition
  • Others

Type Insight and Forecast 2016-2028

  • Online
  • Offline

Industry Vertical Insight and Forecast 2016-2028

  • Automotive
  • Consumer Electronics
  • Healthcare
  • Advertisement & Communication
  • Defense
  • Finance and Banking
  • Government
  • Others

Geographical Segmentation

Gesture Recognition and Touchless Sensing Market by Region

North America

  • By Technology
  • By Product
  • By Type
  • By Industry Vertical
  • By Country – U.S., Canada, and Mexico

Europe

  • By Technology
  • By Product
  • By Type
  • By Industry Vertical
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Technology
  • By Product
  • By Type
  • By Industry Vertical
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Technology
  • By Product
  • By Type
  • By Industry Vertical
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries