Gesture Recognition and Touchless Sensing Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Gesture Recognition and Touchless Sensing Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : October, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Global Gesture Recognition and Touchless Sensing Market: Overview 

Gesture recognition and touchless sensing has become a crucial part of the current technological scenario in recent years. The rising use of smartphones and other smart devices, particularly in urban centers, has propelled the adoption of gesture recognition and touchless sensing technology in recent years. Gesture recognition began as a helpful feature in smartphones, but the vast potential of the technology wasn’t ignored for long. With the rising demand for smart homes and the various components thereof, steady development of gesture recognition and touchless sensing technology is expected in the coming years. 

Global Gesture Recognition and Touchless Sensing Market: Key Trends 

One of the prime trends in the global gesture recognition and touchless sensing market is the rising adoption of gesture recognition technology in automotive design. The automotive industry has undergone a significant change in the last few decades due to the steady development of the automotive electronics sector. Several types of automobiles now feature gesture recognition and touchless sensing technology in some form. Thanks to the rising demand for smart car and autonomous car technology, this is likely to play a key role in the development of the global gesture recognition and touchless sensing market in the coming years.

The rising demand for digital resources in an increasing number of industries is another key driver for the global gesture recognition and touchless sensing market. The digitization of the industrial sector has led to the use of gesture recognition technology in several industrial operations. The convenience of gesture recognition and touchless sensing in manufacturing and packaging processes is likely to drive the demand from the global gesture recognition and touchless sensing market in the coming years. Gesture recognition and touchless sensing technology has also benefited significantly from its steady adoption by OEMs. 

On the flip side, the high cost of gesture recognition and touchless sensing technology is a key restraint on the global gesture recognition and touchless sensing market. While incorporating gesture recognition or touchless sensing in smartphones doesn’t raise the cost significantly, due to the relatively small size of individual smartphones, applying gesture recognition and touchless sensing technology is expensive when used on the scale of automobiles or smart homes. The sophistication of gesture recognition and touchless sensing technology also makes it highly power-intensive. Many users also prefer the haptic sensation provided by touchscreen technology, and thus resist switching to touchless technology. 

Global Gesture Recognition and Touchless Sensing Market: Market Potential 

Touchless sensing is perfect for use in smart homes, as various gestures can be preprogrammed to correspond to certain tasks, which makes the management of the overall system more convenient. In March 2017, a Kickstarter project called Welle launched a sonar guided controller to convert human motions into IoT commands. This has large-scale applications in smart homes. Projects such as these are likely to rise in number in the coming years, with the smart homes industry set for steady progress. As a result, the smart homes industry is likely to be a key consumer of gesture recognition and touchless sensing technology in the coming years. 

Global Gesture Recognition and Touchless Sensing Market: Geographical Dynamics

Asia Pacific is likely to remain the leading regional market for gesture recognition and touchless sensing technology in the coming years and is projected to exhibit a higher CAGR than the gesture recognition and touchless sensing market in North America and Europe. The booming consumer electronics industry in Asia Pacific and the rising demand for technological advances in the IoT sector are likely to ensure steady dominance of Asia Pacific in the global gesture recognition and touchless sensing market. 

Global Gesture Recognition and Touchless Sensing Market: Competitive Dynamics

The fragmented global gesture recognition and touchless sensing market could undergo some degree of consolidation in the coming years, as the conventions of the industry get concretized. Nevertheless, the complexity of the regulatory frameworks governing the development of gesture recognition and touchless sensing technology is likely to remain the key restraint on the market. Key companies in the global gesture recognition and touchless sensing market include Qualcomm Technologies Inc., Cognitec Systems GmbH, Google Inc., Infineon Technologies AG, Apple Inc., Sony Corporation, Crossmatch, and Microsoft Corporation.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?