Press release
Gesture Recognition and Touchless Sensing Market By Top Key Players: Microsoft, Intel Corporation, Apple, Qualcomm, PrimeSense, Eyesight, GestureTek, Crunchfish AB, Omron Industrial Automation Europe, Infineon Technologies, Elliptic, SoftKinetic
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.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.
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Top Key Players in Gesture Recognition and Touchless Sensing Market:
1. Microsoft
2. Intel Corporation
3. Apple
4. Qualcomm
5. PrimeSense
6. Eyesight
7. GestureTek
8. Crunchfish AB
9. Omron Industrial Automation Europe
10. Infineon Technologies
11. Elliptic
12. SoftKinetic
Gesture Recognition And Touchless Sensing Market size was over USD 6 billion in 2015 and is estimated to increase at more than 20% CAGR and cross USD 30 billion in 2023.
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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.
Handling a range of machines such as personal navigation devices, computers, laptops, and mobile handsets through gestures as input commands delivers a high degree of convenience to the user. Assisted with computer vision and image processing, the technology has gained prominence among consumers and OEMs. Increased application in gaming, healthcare, automation, consumer electronics, and automotive has augmented gesture recognition market growth.
Healthcare and automotive gesture recognition and touchless sensing market applications will exhibit high growth potential through the forecast timeframe. Factors such as increasing awareness for safety, assembly of several technologies, use of highly efficient equipment, user experience and hygiene will also accelerate growth.
Some key players in gesture recognition and touchless sensing market are Microsoft, Intel Corporation, Apple, Irisguard, Inc., Qualcomm, PrimeSense, Cognivue Corporation, Eyesight, GestureTek, Crunchfish AB, Omron Industrial Automation Europe, Infineon Technologies, Elliptic Laboratories and SoftKinetic.
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