Gesture Recognition and Touchless Sensing Market Analysis
Market Research Future (MRFR) projects the global Gesture Recognition and Touchless Sensing Market to grow at a CAGR of 20%
from 2020 to 2027 (forecast period).
Multiple Factors to Augment Market Growth
The expanding use in automation, consumer
electronics, gaming, healthcare, and automotive is the primary driving force in
the global gesture recognition and touchless sensing market. The advanced
sensing market is expanding as a result of market drivers. Furthermore, the
consistent growth in healthcare and automotive gesture application is a
significant driver, propelling the worldwide market forward.
As a result of the growing demand for sensing PCs,
laptops, mobile handsets, and personal navigation devices, the global gesture
recognition and touchless sensing market are experiencing increased demand. As
a result, the market drivers play an essential role in developing the gesture
recognition market.
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COVID-19 to have Temporary Impact on the
Global Market
The current pandemic has had an impact on
practically every industry, including the touchless technology market. The
development of sensing technologies has likewise come to a halt. Many customers
were hesitant to invest money in this sensing technology service for a variety
of reasons. The COVID-19 outbreak posed numerous significant hurdles for the
gesture recognition and touchless sensing sector, including production material
shortages, health and safety concerns, labor shortages, and other associated
issues.
As a result, manufacturers of touch-free sensing
technologies intend to meet rising customer demand for gesture recognition
services by employing cutting-edge technology to boost global revenue
production. The pandemic condition has hampered the global gesture recognition
and touchless sensing market's economic growth, but key players have taken
appropriate efforts to revive the situation for more profitable results.
Market Segmentation
The global gesture recognition and touchless sensing
market have been segmented into technology, product, and applications.
By technology, the global gesture recognition and
touchless sensing industry have been segmented into 2D, 3D, and sensors.
By product, the global gesture recognition and
touchless sensing market have been segmented into touch-based gesture
recognition and touch-less gesture recognition.
By applications, the global gesture recognition and
touchless sensing market have been segmented into entertainment, consumer
electronics, healthcare, hospitality, and retail.
Regional Analysis
North America to Dominate the Global
Market
In recent years, the North American gesture
recognition and touchless sensing market have seen substantial developments. It
is always at the forefront of technology adoption and associated services. The
adoption of gesture recognition products and solutions in the region has been
boosted by the deployment of augmented reality (AR) and virtual reality (VR)
technology in the gaming and entertainment industries. Favorable government
actions in North America to boost regulatory activities and security operations
have aided market expansion. Furthermore, the demand for finger-scan biometric
technologies for user authorization is projected to drive growth in PC/network
security applications.
Key Players
Apple Inc. (U.S), Infineon Technologies (Germany),
Intel Corporation (U.S), Texas Instruments (U.S.), Microsoft Corporation
(U.S.), Qualcomm Inc. (U.S), Prime Sense Limited (Isreal), Iris guard (Jordan),
Omron Corporation (Japan), SoftKinetic (Belgium).
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