Press release
Touchless Sensing Market - Strategic Imperatives for Success and Rising Demand Till 2030
Touchless Sensing Market
Learn More About Touchless Sensing Market - https://www.alliedmarketresearch.com/touchless-sensing-market-A31333
Surge in demand for contact-free sensing, rise in digitalization across different industries, and increase in adoption of touchless sensing technologies in smartphones drive the growth of the global touchless sensing market. Based on region, North America held the highest share in 2021, contributing to nearly two-fifths of the global touchless sensing market, and is expected to continue its dominance in terms of revenue by 2031.
According to the report published by Allied Market Research, the global touchless sensing market generated $9.4 billion in 2021, and is estimated to reach $46.5 billion by 2031, manifesting a CAGR of 17.5% from 2022 to 2031. The report provides a detailed analysis of changing market dynamics, value chain, top segments, and competitive landscape. This report offers extensive information to assist market players, investors, stakeholders, and startups in devising strategies to maintain sustainable growth and avail competitive advantage in the market.
Download Updated Free PDF Copy (In Details) - https://www.alliedmarketresearch.com/request-sample/31783
Covid-19 Scenario:
Increase in investments in internet of things (IoT)-enabled devices such as touchless doors and digital kiosks in public transport and retail stores led to the growth of the touchless sensing market during the Covid-19 pandemic.
On the other hand, the market was severely impacted by different obstacles such as a lack of availability of skilled workforce, supply chain disruptions, and delay or cancelation of projects with the implementation of partial or complete lockdown in different countries globally.
The demand for touchless sensing technologies rose considerably during the pandemic to prevent the cross-contamination at public places. However, the implementation slowed down due to lockdown or postponement of projects.
The demand for touchless sensing technology for security purposes is projected to raise the revenue of the touchless sensing market post-pandemic.
Interested to Procure the Data? Inquire here @ https://www.alliedmarketresearch.com/purchase-enquiry/31783
The research provides detailed segmentation of the global touchless sensing market based on product, technology, end-use industry, and region. The research analyzes segments and sub-segments for determining the largest revenue generating and highest-growing segments for market players and investors. Market size and forecasts for each segment and its sub-segments are offered in the report to outline the steps for achieving the growth.
Based on product, the touchless biometric equipment segment held the highest share in 2021, contributing to around three-fourths of the total share, and is expected to continue its leadership status throughout the forecast period. However, the touchless sanitary equipment segment is projected to manifest the highest CAGR of 18.1% from 2022 to 2031.
Based on technology, the sensor segment contributed to the highest share in 2021, accounting for nearly half of the global touchless sensing market, and is estimated to continue its lead in terms of revenue during the forecast period. However, the camera-based segment is expected to manifest the highest CAGR of 19.9% from 2022 to 2031. The report also analyzes the segments including RFID and voice assistance.
Based on end-use industry, the consumer electronics segment contributed to the largest share in 2021, accounting for more than one-fourth of the global market, and is expected to maintain its dominance by 2031. However, the automotive segment is projected to grow at the highest CAGR of 19.5% during the forecast period. The research also discusses segments such as electronics, healthcare, finance and banking, defense and government, and others.
Based on region, North America held the highest share in 2021, contributing to nearly two-fifths of the global touchless sensing market, and is expected to continue its dominance by 2031. However, LAMEA is projected to grow at the fastest CAGR of 19.7% during the forecast period. The research also analyzes regions including Europe and Asia-Pacific.
Get Detailed COVID-19 Impact Analysis on Touchless Sensing Market: https://www.alliedmarketresearch.com/request-for-customization/31783?reqfor=covid
The research provides detailed analysis of leading players of the global touchless sensing market. Key players analyzed in the research include Cognitec Systems GmbH, InvenSense, Inc., Cross Match Technologies, Inc., Microsoft Corporation, Elliptic Laboratories, Intel Corporation, Pison, Somalytics, Inc., Cipia Vision Ltd., MorphoTrak, LLC, OmniVision Technologies, Inc., Google LLC (Alphabet), Pebbles, XYZ Interactive Technologies, NXP Semiconductors NV, Microchip Technology, Inc., and Qualcomm Inc.
The report analyzes these key players and highlights various strategies such as new product launches, partnerships, expansion, and others to increasing their market penetration and strengthening their position in the market. The report offers an extensive analysis that outlines product portfolio, business performance, operating segments, and key developments by each market player.
Our Top 3 Reports:
1) Pay TV Market- https://www.alliedmarketresearch.com/pay-tv-market-A11340
2) Digital Printing Market- https://www.alliedmarketresearch.com/digital-printing-market-A11112
3) Industrial Controls Market- https://www.alliedmarketresearch.com/industrial-control-robotics-market
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
About us-
Allied Market Research is a reputed market research and business consulting firm that operates under the umbrella of Allied Analytics LLP, headquartered in Portland, Oregon. The company's primary objective is to equip global corporations, as well as small and medium-sized enterprises, with unparalleled market research reports and business intelligence solutions. AMR adopts a focused approach to offer valuable insights and consulting services to its clients, enabling them to make informed and strategic decisions that result in long-term and sustainable growth within their market niche.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Touchless Sensing Market - Strategic Imperatives for Success and Rising Demand Till 2030 here
News-ID: 3078060 • Views: …
More Releases from Allied Market Research
Cultured Meat Market Key Dynamics And Trends, Swot Analysis, Regional Analysis 2 …
The cultured meat industry was valued at $65.2 million in 2023, and is estimated to reach $6,501.8 million by 2033, growing at a CAGR of 58.5% from 2024 to 2033.
Animal welfare concerns are a significant driver behind the burgeoning growth of the cultured meat market. Traditional livestock farming practices often involve overcrowded and stressful conditions for animals, leading to ethical dilemmas and consumer backlash. Cultured meat offers a humane alternative…
$291.1+ Billion Fast Fashion Market Value by 2032 with a 10.7% CAGR During 2023 …
Allied Market Research published a report, titled, "Fast Fashion Market By Gender (Male and Female), End User (Adult, Teen, and Kid), and Distribution Channel (Independent Retailer, Online Store, and Brands Store): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global fast fashion industry generated $103.2 billion in 2022, and is anticipated to generate $291.1 billion by 2032, witnessing a CAGR of 10.7% from 2023 to 2032.
Request…
Glueless Wigs Market 2026 : Why You Should Invest In This Market ?
The popularity of glueless wigs among people of all ages & genders is increasing rapidly. Glueless wigs come pre-attached with combs, bands, and straps for attachment to your head. This type of wig is very easy to fix and remove.
According to the report, the global glueless wigs market was valued at $719.2 million in 2022, and is projected to reach $1.3 billion by 2032, registering a CAGR of 6.3% from…
Africa Costume Jewelry Market Projected Expansion to Receive Overwhelming Hike I …
The Africa costume jewelry market is driven by factors such as rise in fashion conscious consumers and innovation in jewelry design and integration of African culture in the jewelry. However, limited supply chain infrastructure and less durability of costume jewelry restrict the market growth. Moreover, the growth of the tourism industry offers new opportunities in the coming years.
Costume jewelry, in contrast to more costly materials such as gold, diamonds, platinum,…
More Releases for Touchless
Touchless Sensing Latest Market Report 2025
On Aug 18, Global Info Research released "Global Touchless Sensing Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031". This report includes an overview of the development of the Touchless Sensing industry chain, the market status of Touchless Sensing Market, and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Touchless Sensing.
According to our latest research, the global…
Automotive Industry's Increasing Adoption Of Gesture Recognition And Touchless S …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
Gesture Recognition and Touchless Sensing Market Size Growth Forecast: What to Expect by 2025?
The market size of gesture recognition and touchless sensing has seen a quick expansion in the past few years. It is projected to escalate from $19.95 billion in 2024 to approximately $23.89 billion in 2025, indicating a compound annual growth…
TTS Touchless Switch Series Now Offers RGB Illumination
Santa Rosa, California, March 16th, 2021 - The new SCHURTER TTS RGB adds technical finesse to the original TTS switch series introduced in 2021. The TTS series provides contactless switching, highly precise operation, and now customizable colors. With the new RGB ring illumination, the stylish and robust TTS switch series adds a multicolor palate to its existing bi-color options.
The TTS series uses the highly precise Time-of-Flight (ToF) sensor technology, whereby…
International travel awards launch Touchless hospitality recovery campaign
HotelApp – New Touch-less Guest Service App by International Travel Awards
Source: https://internationaltravelawards.org
International travel awards launch Touchless hospitality recovery campaign.
The hospitality industry is one of the hardest-hit industries due to the pandemic and consumers focusing more on safety measures. It has become a precedent that hotels have to focus more on providing their guests with touchless and contactless services, check-ins and check-outs, which will help them attract more guests…
Bathroom Products Market Gives Rise to Touchless Technology
Transparency Market Research delivers key insights on the global bathroom products market. In terms of revenue, the global bathroom products market is estimated to expand at a growth rate of ~8% during the forecast timeline, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global bathroom products market report.
In the report, TMR predicts that the global bathroom products market would be largely driven by growing…
Touchless control times two
The INS series combines motion sensors and proximity switches in a single product.
Donnersdorf, Germany, 16/09/2019. With the INS series, InnoSenT GmbH offers a compact radar solution for the building automation and security market. What makes the series of products so special: the radar experts bring together two practical control functions in a single system. Thanks to its combination of motion sensors and proximity switches, the series boasts greater comfort and…
