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

  • Single User License $3500

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

Status : March, 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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

Wish to check Table of Contents of this report?

Click below to Request TOC

Request TOC