Gesture Recognition And Touchless Sensing Market share to reach $30bn in 2023

The research report Gesture Recognition And Touchless Sensing Market in Asia Pacific 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.

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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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. Automotive and healthcare 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.

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.

For facial recognition, applications in government sector will dominate revenue over the forecast period. 2D camera technology will govern the smartphones sector. Advancing technologies such as ultrasonic, capacitive or electric charge near field, infrared, and 3D technologies are set to witness a substantial increase in freighting. The technology incorporated into a wide range of devices, interactive digital signs, including medical equipment, robots and arcade game machines will enhance revenue across consumer applications.

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.
Leading companies are focusing on mergers and acquisitions for targeting untapped markets and product innovation. For example, Microsoft Kinect for Windows has tied up with many partners for innovative product development. Companies are investing in research and development activities to enhance the usability and create new innovative products.

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