Global Gesture Recognition and Touchless Sensing Market Comprehensive Study: Forecasted Market Size And Growth Rate | Microsoft Corporation, Microchip Technology Inc., Apple Inc., Google LLC, Sony Depthsensing Solutions SA, Infineon Technologies AG, Cogni

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2364

The Business Research Company offers in-depth market insights through Gesture Recognition and Touchless Sensing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The gesture recognition and touchless sensing market size has grown exponentially in recent years. It will grow from $16.84 billion in 2023 to $20.36 billion in 2024 at a compound annual growth rate (CAGR) of 21.0%. The growth in the historic period can be attributed to early innovations in human-machine interaction, automotive integration of gesture controls, healthcare and medical applications, commercial and retail integration, growth in smart home automation..

The gesture recognition and touchless sensing market size is expected to see rapid growth in the next few years. It will grow to $41.94 billion in 2028 at a compound annual growth rate (CAGR) of 19.8%. The growth in the forecast period can be attributed to application in entertainment and gaming, focus on hygiene and sanitary solutions, integration with internet of things (iot) devices, rise in contactless payment and retail applications, expansion in automotive adoption.. Major trends in the forecast period include application in healthcare and medical settings, innovation in sensing technologies, rise of augmented reality (ar) and virtual reality (vr), expansion in consumer electronics..

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Market Segmentation:
The gesture recognition and touchless sensing market covered in this report is segmented -

1) By Product: Biometric equipment, Sanitary Equipment
2) By Technology: Touch-based, Touchless
3) By Industry: Automotive, Consumer Electronics, Healthcare, Advertisement And Communication, Defense, Finance and Banking, Government, Other Industries

Major Driver - Automotive Industry's Increasing Adoption Of Gesture Recognition And Touchless Sensing
The growing usage in the automotive industry is expected to propel the growth of the gesture recognition and touchless sensing market going forward. The automotive industry refers to both the designing and manufacturing of motorcycles. Gesture recognition and touchless sensing assist in reducing driver distractions caused by fumbling with touchscreens and inconveniently placed controls. For instance, in August 2023, according to the Board of Governors of the Federal Reserve System, a US-based government agency, total vehicle production in the United States increased to 11.77 million units in July, up from 10.91 million units in June. Therefore the growing usage in the automotive industry is driving the gesture recognition and touchless sensing market.

Competitive Landscape:
Major companies operating in the gesture recognition and touchless sensing market report are Microsoft Corporation, Microchip Technology Inc., Apple Inc., Google LLC, Sony Depthsensing Solutions SA, Infineon Technologies AG, Cognitec Systems GmbH, GestureTek Systems Inc., OmniVision Technologies Inc., IrisGuard UK Ltd., Intel Corporation, Qualcomm Inc., Eyesight Technologies Ltd., Crossmatch Technologies Inc., Omron Corporation, SoftKinetic International SA, Prime Sense Limited, Texas Instruments Inc., Cipla Ltd., XYZ Interactive Technologies Inc., Elliptic Laboratories ASA, PMD Technologies AG, Oblong Industries Inc., Ultraleap Limited, PointGrab Ltd., Leap Motion Inc., Pyreos Limited, Xilinx Inc., MicroVision Inc., Melexis NV, Vayyar Imaging Ltd., Cognitivesignals, Cognivue Corporation,

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Top Trend - Gesture Recognition With Cutting-Edge Piezo Sensor Redefines Touchless Sensing In Smartphones
Technological innovations are a key trend gaining popularity in the gesture recognition and touchless sensing market. Major companies operating in the gesture recognition and touchless sensing market are introducing innovative products to sustain their position in the market. For instance, in May 2021, Boréas Technologies, a Canada-based technology company operating in gesture recognition and touchless sensing launched a new piezo sensor, an innovative finger-sensing technology for smartphones. This combines HD haptic feedback with gesture detection and can detect a variety of actions, including taps, swipes, clicks, and multi-level force clicks over a smartphone, allowing for a highly customizable haptic experience.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Gesture Recognition and Touchless Sensing Market Characteristics
3. Gesture Recognition and Touchless Sensing Market Trends And Strategies
4. Gesture Recognition and Touchless Sensing Market - Macro Economic Scenario
5. Gesture Recognition and Touchless Sensing Market Size And Growth
…..
27. Gesture Recognition and Touchless Sensing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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