Press release
Gesture Recognition and Touchless Sensing Market Growth By Key Players: Microsoft Corporation, Intel Corporation, Apple, Irisguard, Qualcomm, Primesense, Cognivue Corporation, Eyesight Tech, GestureTek, Crunchfish AB
Global Market Insights
Gesture Recognition And Touchless Sensing Market was over USD 6 billion in 2015 and is estimated to increase at more than 20% CAGR and cross USD 30 billion in 2023. The gesture recognition and touchless sensing market is highly technology-oriented, efficient, ensures a high level of human-machine interaction (HMI), and enables the user to give meaningful commands with full body motions, hand motions, and/or facial expressions.
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Top Key Players: -
The global competitors in gesture recognition sector are Microsoft Corporation, Intel Corporation, Apple Inc., Irisguard, Inc., Qualcomm Inc., Primesense Ltd., Cognivue Corporation, Eyesight Tech, GestureTek, Inc., Crunchfish AB, Omron Corporation, Infineon Technologies, Elliptic Laboratories and SoftKinetic.
Market share calculation in this report is not done based on companies covered in it. The calculation of Gesture Recognition and Touchless Sensing Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
North America gesture recognition market share was the largest, with over 35% of the total revenue in 2015. The region is forecast to witness substantial growth across the touchless biometric market, followed by MEA. Use of this technology is increased in the industrial sector due to increasing challenges in the non-automatic operation of machineries and increased gesture-controlled operations in factory automation. Smart devices that detect hand gestures as well as body movements in the field of defense and aerospace is stimulating industry demand in the region.
Asia Pacific gesture recognition and touchless sensing market share is projected to grow at over 50% CAGR from 2016 to 2023.It is expected to capture the largest revenue share due to increased adoption of touchless biometric equipment, rising popularity of advanced devices in educational institutions such as gaming devices and smart projectors. Increasing application in biometric systems and sanitary equipment are predominant factors for growth in this region. Major regional contributors are China, Japan, India, and South Korea.
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Maintaining accepted technical standards and inadequate standardization in the development are some of the restraining factors. Gesture recognition market price trend is expected to have a medium impact on growth prospects. The global gesture recognition market is categorized into touch based and touchless technology. Major touch based products are gyroscope, accelerometer, and combo sensors; the touchless segment includes technology usage in ultrasonic (3D), infrared 2D array, and camera solutions.
Application segments comprise consumer electronics, gaming, automotive, hospitality, aerospace and defense, commercial centers, medical centers, and educational hubs. Key technology segments of the touchless sensing market are RFID, camera based, voice recognition, and sensors, while products include sanitary equipment and biometric. Major verticals where these products are used include consumer electronics, government, finance & banking, healthcare, and automotive.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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