Status : Published Published On : Jun, 2022 Report Code : VRSME9126 Industry : Semiconductor & Electronics Available Format : Page : 190
2022
2028

Global Gesture Recognition and Touchless Sensing Market – Analysis and Forecast (2022-2028)
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 global gesture recognition and touchless sensing market size is anticipated to grow from USD 14.7 billion in 2021 to USD 41.5 billion by 2028, registering a CAGR of 23.4% during the forecast period 2022-2028. The two integrated technologies i.e. gesture recognition and touchless sensing are paradigm elements for human-machine interactions. The objective of this technology is to use mathematical algorithms to interpret human gestures.

Gesture Recognition and Touchless Sensing Market Highlights

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

2016–2021

Base Year Considered

2021

Forecast Period

By 2028

Market Size in 2021

$14.7 Billion

Revenue Forecast in 2028

$41.5 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

Vehicle control and safety are improved with Automotive Gesture Recognition Systems (AGRS), which provide excellent accuracy. These technologies can initiate and perform the necessary action using human touch or other gestures. A few factors to take into account while designing and installing an automotive gesture recognition system include raising safety requirements and efforts to reduce driver distraction. The integration of electronics in automotive have increased owing to surge in need for additional vehicle infotainment (entertainment and informative elements like video players and GPS) safety features (e.g., backup cameras and sensors). The driver and passengers may typically interact with the vehicle to control the infotainment system without touching any buttons or screens in the car owing to the automotive gesture recognition technology, which scans and interprets hand movements and commands using sensors. The demand for premium vehicles with contemporary entertainment systems, intelligent driving assistance, new safety features, and electronics control units is growing, which is raising the use of automotive electronics. As a result, automakers are concentrating on adding new capabilities to their vehicles, with gesture recognition being a crucial addition.

The growing End-use in automation, automotive, gaming, consumer electronics, healthcare, etc. will escalate the market growth for the global gesture recognition and touchless sensing industry. The advanced sensing market is growing with the assistance of key drivers. The global gesture recognition and touchless sensing market are seeing significant demand as a result of the rising need for sensing PCs, personal navigation devices, laptops, and mobile handsets. The development of the gesture recognition sector is therefore dependent on market drivers.

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.

Gesture Recognition and Touchless Sensing Market Size and Market Analysis

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The Gesture Recognition and Touchless Sensing Market research includes a comprehensive market segmentation analysis as well as projections for the analysis period 2022-2028.

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

Frequently Asked Questions

The global gesture recognition and touchless sensing market size is anticipated to grow from USD 14.7 billion in 2021 to USD 41.5 billion by 2027, registering a CAGR of 23.4% during the forecast period 2022-2028.
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 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.
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.
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.
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.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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