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Gesture Recognition and Touchless Sensing Market Size, Scope Analysis, Key Insights, Leading Key Players, And Forecast To 2033
Gesture Recognition and Touchless Sensing Market Size
As per the report, 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 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%.
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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.
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 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
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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,
Contents of the report:
1. Executive Summary
2. Gesture Recognition and Touchless Sensing Market Report Structure
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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