(MENAFN- Evertise Digital)
-< />
The SNS Insider report highlights a promising future for the Gesture Recognition and Touchless Sensing Market , estimating it to reach USD 104 Billion by 2031. This growth signifies a CAGR of 9.51% over the forecast period 2024-2031, primarily driven by the increasing digitalization and advancements across various industry verticals. The value of market was USD 20.48 Billion in 2023.
Growing Demand Across Diverse Applications Fuels Market Expansion
The expanding application areas of gesture recognition technology, encompassing healthcare, gaming, consumer electronics, and automotive sectors. the healthcare industry is witnessing a rise in wearable sensor-based gesture recognition for contactless navigation of medical equipment and improved patient care. The gesture control is revolutionizing the gaming experience, offering a more natural interface compared to traditional buttons and mice.
Consumer electronics are also embracing gesture recognition technology for enhanced user experience in smartphones, tablets, laptops, and televisions. The stringent safety regulations and the focus on reducing driver distraction are propelling gesture recognition adoption in the automotive industry.
Download Free Sample Report @
Top Companies Featured in Gesture Recognition and Touchless Sensing Market Report:
Apple GestureTek technologies Infineon Technologies Microchip Technology OmniVision Technologies Cognitec Systems GOOGLE IrisGuard Microsoft Sony Depthsensing Solutions
Digitalization Wave Creates Opportunities for Market Flourishing
The report emphasizes the significant role of continuous technological advancements in shaping human interaction and daily life. Growing digitalization, driven by increased mobile phone usage and the rise of Generation C (connected), has fostered a demand for innovative solutions such as gesture recognition. The report highlights successful industry collaborations, exemplified by Continental's gesture recognition solutions for automobiles and Microsoft's HoloLens, which enables holographic interaction. Gesture recognition technology utilizes complex algorithms to track human gestures and body movements. This technology facilitates a natural human-machine interface by eliminating the need for physical controls. The report also highlights the increasing focus of market players on touchless technology integration within products, along with rising acquisitions within the sector, expected to contribute to global market revenue growth.
Recent Developments
– In June 2021 partnership between Infineon, pmdtechnologies, and ArcSoft for an under-display time-of-flight solution
– October 2020 creation of a 3D depth sensor for smartphone rear cameras by Infineon and pmdtechnologies, enhancing AR experiences and photography capabilities.
Gesture Recognition and Touchless Sensing Industry Segmentation as Follows:
BY PRODUCT
Touchless Biometric Equipment Touchless Sanitary Equipment
BY TYPE
By Type, the online type of segment to hold a larger market share within the gesture recognition market. Online gesture recognition enables real-time control of machines and computers by scaling or rotating tangible objects. This technology offers a direct manipulation experience compared to offline gestures, which are typically processed after user interaction, resulting in lower recognition rates.
BY TECHNOLOGY
by technology , the touchless technology segment to dominate the market. Touchless technology leverages intelligent algorithms to analyse and integrate human gestures and sensing through a combination of linguistics and wireless signals. As touchless user interfaces (TUI) gain traction, offering control through body movements and gestures, the safety benefits for drivers using gesture recognition in vehicles are expected to further Drive market growth in this segment.
BY INDUSTRY
Automotive Healthcare Advertisement & Communication Government Consumer Electronics Finance and Banking Defense
Ask Your Query Before Buying this Research Report @
Impact of global Disruption
The potential impact of the Russia-Ukraine war on the global supply chain and economic sanctions on specific regions. These factors could disrupt the flow of raw materials and finished products, impacting production schedules and potentially leading to price fluctuations within the market. The report recognizes the potential risks associated with an economic slowdown. Reduced consumer spending and business investments Reduce market growth in the short term.
Regional Analysis
The Asia Pacific Region is dominating the market, with holding revenue share of more than 35% in 2023. This dominance can be attributed to the presence of fast-growing economies such as China and India, with Increasing disposable incomes and increasing digital investments. Emerging markets in the Middle East and Africa (MEA) and South America are projected to exhibit promising growth due to factors such as a young population, growing living standards, and growing healthcare awareness.
North America and Europe are also expected to maintain consistent growth, driven by advancements in the automotive and healthcare sectors. These regions are anticipated to witness an Increase in touch acceptance for applications such as 2D and 3D touch recognition, Improve user experiences through realistic and engaging interfaces.
Gesture Recognition and Touchless Sensing Market Size and Growth Report Key Takeaways for the Gesture Recognition and Touchless Sensing Market Study
The market demands innovative solutions for touchless interaction and gesture recognition across various industries. The report identifies this need and analyses the market's potential to fulfil it. The report highlights the key factors that will drive market growth, including technological advancements, increasing touchless interface adoption, and a growing focus on user experience. The report provides insights into the regional dominance of the Asia Pacific market and the promising growth potential of emerging economies like those in the Middle East and Africa and South America.
Table of Content – Major Key Points
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter's 5 forces model
7. PEST Analysis
8. Gesture Recognition and Touchless Sensing Market Segmentation, By Product
9. Gesture Recognition and Touchless Sensing Market Segmentation, By Type
10. Gesture Recognition and Touchless Sensing Market Segmentation, By Technology
11. Gesture Recognition and Touchless Sensing Market Segmentation, By Industry
12. Regional Analysis
13. Company Profile
14. Competitive Landscape
15. USE Cases and Best Practices
16. Conclusion
Continued....
Access Detailed Research Insight with Full TOC and Graphs @
About Us:
SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies.
Contact Us:
Akash Anand – Head of Business Development & Strategy
...
Phone: +1-415-230-0044 (US)
MENAFN09052024005025011514ID1108191878
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.