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).
The gesture recognition technology can track the human gesture or body movement involving many mathematical algorithms via a computing device. As an input mechanism to carry out necessary actions in a system, it facilitates an individual's interaction with the machine without using mechanical devices. The gesture technology is designed to measure the body gesture using arms, fingers, hands, head, or an entire body. The advancement of many innovative applications in different end-use industries has encouraged developing the gesture recognition methods. The focus of market players towards incorporating touchless technology in their product sales and the increasing number of acquisitions are expected to raise the market revenue in all the world regions. Moreover, the rising virtual market demand and other stimulation products generate more market potential for the touchless sensing products and their sales.
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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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