| Status : Published | Published On : Feb, 2023 | Report Code : VRSME9126 | Industry : Semiconductor & Electronics | Available Format :
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Page : 190 |
Global Gesture Recognition and Touchless Sensing Market – Analysis and Forecast (2023-2030)
Industry Insight 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 Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)
Industry Overview
The forecasted period from 2023 to 2030 shows promising growth for the global gesture recognition and touchless sensing market. It is projected to expand significantly from USD 17.7 billion in 2022 to a staggering USD 51.5 billion, with a remarkable compound annual growth rate (CAGR) of 23.4%. These two cutting-edge technologies, namely gesture recognition and touchless sensing, play a pivotal role in facilitating seamless interactions between humans and machines. By employing advanced mathematical algorithms, this technology aims to interpret and understand human gestures more effectively.
Consumers can engage with a gadget and issue electronic commands without touching it owing to touchless sensing and gesture recognition technology. This is accomplished through the use of automated systems, where some machine functions are carried out after software analyses human behaviors. Both capacitive and infrared sensors are capable of accurately detecting the presence of any human being close to the device and carrying out various responsibilities as stated by their capability. Both the user experience and service quality are enhanced by it. The way that users interact with technology has completely changed owing to gesture recognition. The market potential for such devices is being further increased by the recent growth in research and development activity in touchless sensing technologies.
Industry Trends
The market is also anticipated to expand as a result of technological developments such as Artificial Intelligence, natural user interface (NUI), Machine Language, IoT, big data analytics, etc., as well as the increasing rate of acceptance of gesture recognition technology in end-user segments.
Like any other industry, the epidemic has had a significant detrimental impact on the market for gesture recognition and touchless sensing market. Service providers were unable to maximize their productivity because of the shutdown. But as things have returned to normal, consumer demands have grown, and market players are increasing the product's ability to satisfy these escalating needs.
Market Segmentation
Insight by Technology
- Touchless Gesture Recognition
- Touch-Based Gesture Recognition
Touchless gesture recognition dominates the market owing to less wear and tear of the devices as there is no human contact and increased awareness about their health. For instance, during medical operations, clinicians can edit digital images using hand gestures rather than touch screens or computer keyboards owing to hand-gesture recognition systems. Additionally, it can enhance customer satisfaction and streamline procedures. Simple gestures can be used by users to interact or control devices without actually touching them. The employment of different methods, including motion sensor fusion, camera-based gesture, proximity touchscreen, short-range wireless, eye-tracking, voice recognition, etc., is part of touchless gesture recognition.
2D technology is frequently utilised for gesture recognition, whereas IR technology is employed for touchless sensing. Future 3D technology growth is anticipated to be higher due to rising acceptance and advancement in 3D scanners and cameras.
Insight by Product
- 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
Touchless sanitary equipment dominates the market owing to increased concerns about hygiene globally. Touchless biometrics market is anticipated to grow fast owing to technological development in biometric technology and reduced cost of biometric equipment. Furthermore, the rising security concerns has increased the market demand for precise and reliable biometrics systems.
Insight by Type
- Online
- Offline
The online segment is anticipated to have a high CAGR during the forecast period. Real-time machine or computer control is achieved through the use of online gesture detection to scale or rotate a physical object. The rate of recognition for offline gestures is lower than for online gestures since offline gesture recognition is a relatively recent technology.
Insight by Industry Vertical
- Automotive
- Consumer Electronics
- Healthcare
- Advertisement & Communication
- Defense
- Finance and Banking
- Government
- Others
The consumer electronics segment contributes the largest market revenue and is anticipated to grow at a higher pace during the forecast period and includes gaming consoles, interactive gadgets, digital signage, and commercial automation. Since it eventually saves time while interacting with a device, gesture recognition technology has been hailed as a highly successful technology. The Internet of Things (IoT) is a sophisticated version of the Internet that links computers, smartphones, tablets, and other embedded systems with sensors, consumer electrical products, and other devices for data collection and sharing. The development of a smart home idea using IoT technology is also possible and can include Gesture Recognition Smart TVs, which offer intelligence and comfort and thus enhance the quality of life.
The demand for gesture recognition is being driven by the desire for smart electronics, which is in turn being driven by population growth, rising purchasing power, and technical improvements.
Gesture Recognition and Touchless Sensing Market Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018–2022 |
|
Base Year Considered |
2022 |
|
Forecast Period |
By 2030 |
|
Market Size in 2022 |
$17.7 Billion |
|
Revenue Forecast in 2030 |
$51.5 Billion |
|
Growth Rate |
CAGR 23.4% |
|
Segments Covered in the Report |
By Technology, by Product, by Type, and By Industry Vertical |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
Industry Dynamics
Growth Drivers
Upsurge in Demand for Safety and Security in Automotive Sector will Lead to Deployment of Gesture Recognition Technology
Automotive Gesture Recognition Systems (AGRS) are improving vehicle control and safety with their excellent accuracy. These cutting-edge technologies enable drivers to initiate and perform necessary actions using human touch or other gestures. When designing and installing an AGRS, safety requirements and reducing driver distraction are crucial factors to consider.
The integration of electronics in automobiles has increased due to the growing demand for additional infotainment and safety features. With automotive gesture recognition technology, drivers and passengers can control the infotainment system without touching any buttons or screens in the car, as the sensors scan and interpret hand movements and commands. This technology is in high demand, especially among consumers who prefer contemporary entertainment systems, intelligent driving assistance, new safety features, and electronics control units.
The global gesture recognition and touchless sensing industry are experiencing market growth due to the growing end-use in automation, automotive, gaming, consumer electronics, healthcare, and more. Key drivers are supporting the growth of the advanced sensing market, and the rising need for sensing PCs, personal navigation devices, laptops, and mobile handsets is driving significant demand for the global gesture recognition and touchless sensing market.
As automakers concentrate on adding new capabilities to their vehicles, gesture recognition is becoming a crucial addition. The development of the gesture recognition sector is heavily reliant on market drivers, and its growth is expected to continue as the demand for premium vehicles with advanced technology features increases.
Challenges
Increased replacement costs, trade tensions between the United States and China, the absence of haptic sensory detection capabilities with these technologies, and customer aversion to new goods are all issues in the global gesture recognition and touchless sensing business. Moreover, the increased power consumption, unnecessary object overlapping with 3D gesture recognition, and incorrect object extraction may stymie the market expansion for gesture recognition and touchless sensing industry.
Opportunities
The rising adoption of smart homes, and usage of Virtual Reality in video games, will create lucrative opportunities for the global gesture recognition and touchless sensing market.
Geographic Overview
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
North America dominates the gesture recognition and touchless sensing market owing to the presence of prominent industry players, increased demand for biometric technologies, support from government, security operation, strengthening regulatory activities, and rapid technological development in the region.
APAC is anticipated to have a high CAGR during the forecast period owing to technological development, awareness about hygiene and safety amidst COVID-19 outbreak, advancement in security standards, rising digitalization, increased consumption from consumer electronics and smart phones, and changing consumer demand in emerging markets like China, Japan, South Korea, and India.
Competitive Insight
The global gesture recognition and touchless sensing market is growing owing to the presence of some of the biggest and most well-known technology brands in the world, the market is characterized by intense research and development activity and a significant inflow of investment. Innovative and cutting-edge gesture recognition features and applications have been continuously introduced to the market with the aim of enhancing human-machine interaction. Major techniques used by important players include product portfolio diversification and mergers and acquisitions. Moreover, to target untapped markets and product developments, businesses are implementing partnership strategies.
One of the leading provider of semiconductor products that improve quality of life, safety, and sustainability is offered by Infineon Technologies AG. With a touchless interface, Infineon's most recent generation of capacitive sensing products can further improve user experience by offering an intuitive, hygienic, and comfortable user experience. Infineon's proximity sensing technology can recognize hand gestures and perform touchless predictive touch capabilities without actually contacting the surface when combined with machine learning.
For business and governmental clients all over the world, Cognitec creates industry-leading facial recognition systems. Products for border control, ICAO compliant photo taking, recorded video investigation, real-time video screening and people analytics, and face image database search are all part of Cognitec's portfolio.
Recent Development by Key Players
In October 2021, the new XENSIVTM TLE4972, introduced by Infineon Technologies AG, is the company's first automobile current sensor. For accurate and reliable current measurements, the coreless current sensor makes use of Infineon's tried-and-true Hall technology. The TLE4972 is perfect for xEV applications including traction inverters used in hybrid and battery-powered vehicles as well as battery main switches owing to its compact form and diagnosis modes.
In November 2021, Corum announced Qualcomm has acquired its client Clay AIR, a leading provider of AI-powered hand tracking and gesture recognition technology. With the inclusion of Clay AIR's extremely precise and power-efficient hardware-agnostic technology and industry-leading team of computer vision, interaction design, and machine learning professionals, the purchase boosts Qualcomm's XR technology stack.
Key Players Covered in the Report
Some of the major players operating in the Gesture Recognition and Touchless Sensing Market 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.
The Gesture Recognition and Touchless Sensing Market research includes a comprehensive market segmentation analysis as well as projections for the analysis period 2023-2030.
Segments Covered in the Report
- By Technology
- Touchless Gesture Recognition
- Touch-Based Gesture Recognition
- By Product
- 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
- By Type
- Online
- Offline
- By Industry Vertical
- Automotive
- Consumer Electronics
- Healthcare
- Advertisement & Communication
- Defense
- Finance and Banking
- Government
- Others
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
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Gesture Recognition and Touchless Sensing Market