The GMI Research's latest analysis reveals that the Gesture Recognition and Touchless Sensing Market is slated to register a significant CAGR over the coming years. This is mainly attributed to the increasing need for connectivity in the automotive sector to improve customer satisfaction and less technical complexity and the growing conversion of information into digital format across sectors.

DUBLIN, DUBLIN -- (SBWire) -- 03/08/2021 --Gesture Recognition and Touchless Sensing Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)

Key Drivers

The increasing need for connectivity in the automotive sector to improve customer satisfaction and less technical complexity, along with the growing conversion of information into digital format across sectors including healthcare, consumer electronics, and automotive industry, are the key drivers contributing to the growth of the global gesture recognition and touchless sensing market size. Furthermore, the introduction of numerous advanced technologies that include Virtual Reality (VR), Machine Learning (ML), and Artificial­ Intelligence (AI) with gesture controls across several sectors like industrial automation, gaming, healthcare, and other sectors is further anticipated to stimulate the growth of the gesture recognition and touchless sensing market share in terms of revenue. The strong demand for the touchless sensor in comparison to touch-enabled sensors will further open new doors for the growth of the market. The rising penetration of smart devices, including tablets, smart light, smartphones, smart speakers, and biometrics devices among the consumers, will further boost the demand for the touchless sensing market. On the other hand, the factors hindering the growth of the gesture recognition and touchless sensing market include the high cost of touchless sensor-based products and high energy use by the gesture-enabled products.

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Gesture Recognition and Touchless Sensing Market's leading Manufacturers:

- Microsoft Corporation
- Google LLC
- Apple Inc.
- Microchip Technology Inc.
- Sony Depthsensing Solutions, SA/NV.
- Infineon Technologies AG
- OmniVision Technologies Inc.
- Irisguard
- Cognitec Systems GmbH
- GestureTek

Touchless Sensing Segment Drivers

Based on the Touchless Sensing, the technology is predicted to witness a higher CAGR over the coming years due to the strong demand to get information in digital format across sectors like automotive, consumer electronics, finance and banking, and government. In addition to this, the growing use of biometric equipment, along with the emerging trend of fingerprint technology, is further strengthening the demand of the market.

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Regional Drivers

Based on the region, Asia-pacific is expected to rise at a faster CAGR during the forecast period due to the high demand for consumer electronics like Smart TVs, smartphones, and tablets among consumers. Some of the leading countries that are opting for gesture recognition and touchless sensing enabled products include Japan, China, and India. Additionally, the increasing deployment of virtual reality in the gaming and entertainment sector will further stimulate the market's demand.

Gesture Recognition and Touchless Sensing Market Segmentation:

Gesture Recognition Market by Technology:

- Touch-Based Gesture Recognition

o Multi-Touch System
o Motion Gesture

- Touchless Gesture Recognition

o Capacitive/Electric Field
o Infrared Array
o Ultrasonic Technology
o 2D Camera-Based
o 3D Vision Technologies

Gesture Recognition Market by Type:

- Online Gesture Recognition
- Offline Gesture Recognition

Touchless Sensing Market by Technology:

- RFID Technology
- Camera-Based Technology
- Sensors
- Voice Assistance
- Others

Touchless Sensing Market by Product:

- Touchless Sanitary Equipment

o Touchless Faucets
o Touchless Soap Dispensers
o Touchless Paper Towel Dispensers
o Touchless Trash Cans
o Touchless Hand Dryers

- Touchless Biometric Equipment

o Touchless Fingerprint Recognition
o Iris Recognition
o Face Recognition System
o Voice Recognition
o Others

Gesture Recognition and Touchless Sensing:

- Consumer Electronics
- Healthcare
- Automotive
- Others

Segmentation by Region:

- North America

o United States of America
o Canada

- Asia Pacific

o China
o Japan
o India
o Rest of APAC

- Europe

o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

- RoW

o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)

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