Report Scope & Overview:
Gesture Recognition and Touchless Sensing Market Size was valued at USD 17.31 billion in 2022, and is expected to reach USD 71.51 billion by 2030, and grow at a CAGR of 19.4% over the forecast period 2023-2030.
Gesture Recognition and Touchless Sensing Market involve tasks to understand human actions through automated systems. These human / user actions are translated by software and certain machine functions are performed. With this technology, users' activities are automated by analyzing their actions. Improving user experience while at the same time improving service quality. Therefore, such solutions are becoming increasingly popular in the healthcare industry, in tourism, in consumer electronics and in the retail industry. The study highlights the competitive advantages gained by this technology and appropriately reflects the overall market analysis.
To get more information on Gesture Recognition and Touchless Sensing Market - Request Sample Report
Contactless technology is becoming more widely known.
Major players are increasing their spending in the development of hmds.
Rising technical innovation and increasing digitization across all industry sectors.
User aversion to new items and high replacement costs.
Trade barriers exist between china and the us.
Increasing popularity of smart home.
Tracking and managing touchless biometric solution functionality improvements.
High prices and a complicated technology infrastructure for the products.
COVID-19-related disruption to the commercial trade.
IMPACT OF COVID-19:
The outbreak of the COVID-19 epidemic has led to the closure or partial closure of factories, warehouses, businesses and institutions around the world. This is augmented by the introduction of other door-to-door methods, which include strong community reduction practices, limited mobility, and limited access to public places, restaurants, theme parks, theaters and supermarkets. Globally, many industries have seen disruptions in supply chain operations and utility-related services. The limited use of consumers and companies, door-to-door measures, and disruption of the supply chain have contributed to the growth of Gesture Recognition and Touchless Sensing Market. The market is seeing a decline due to the closure of many SMEs, disruption, vacancies, and other problems due to the Covid-19 epidemic. The epidemic has forced governments around the world to shift their focus from spending to health care. Demand from end users is also declining sharply by 2020.
Based on Type, the Gesture Recognition and Touchless Sensing Market is segmented into online and offline. Online gesture recognition is used to measure or rotate an object and control a machine or computer in real time. Also called direct manipulation gesture, it allows the user to interact with objects and put visible changes as they are made on them. Online gesture is considered a direct deception, such as measuring and rotating. In contrast, offline gesture is usually processed after the end of the transaction. Offline gesture recolonization is a new technology compared to online gesture recolonization, because the level of offline gesture recolonization is lower than that of online gesture recolonization.
Based on Technology, the Gesture Recognition and Touchless Sensing Market is segmented into touchless and touchbased. Touchless technology combines wireless languages and signals to analyze, judge, and integrate human touch and emotion using intelligent algorithms. Touch recognition is achieved with the help of machine learning technology. The unaffected technology is affected by certain objective factors, such as user location and non-linear conditions. The Touchless User interface (TUI) is a new type of touch-sensitive technology. TUI is the process of commanding a computer with physical activity and touch without touching the keyboard, mouse, or screen. Touchless gesture recognition in the car improves safety while driving. The less time a driver spends navigating menus, the more he focuses on the road. The unaffected technology market is expected to dominate touch recognition and the unaffected sensory market, technically, at the time of forecasting. The major share of this market segment can be attributed to the large customer base of Touchless technology. The consumer electronics industry has made extensive use of touch-based touch technology due to its low cost and increased use of original equipment manufacturers. Touch-based technology is also widely used in automotive games and applications due to the emerging technology of interacting with a human-based touch recognition machine.
Touchless Biometric Equipment
Touchless Sanitary Equipment
Advertisement & Communication
Finance and Banking
To Get Customized Report as per your Business Requirement - Request For Customized Report
In terms of revenue, the Asia Pacific region had a market share of 35%. Asia Pacific is home to China and India, one of the world's fastest-growing economies and most populous countries. Increased revenues and growing digital investment in these and other countries in the region drive the regional market. Markets in the MEA and South American regions are expected to show promising growth over the forecast period. MEA has a flexible number of young people with the world's highest per capita income. Improved living standards, increased spending power, and growing awareness about health care and sanitation contribute to market growth in emerging markets such as the Middle East and Africa. The regions of North America and Europe are expected to witness continued growth during the forecast period. The automotive and healthcare industries in these regions are expected to see an increase in touch acceptance during the forecast period. Similar to this, 2D and 3D touch recognition technology is anticipated to enhance the client experience through a realistic and engaging exposure.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The key players in the Gesture Recognition and Touchless Sensing Market are Apple, GestureTek technologies, Infineon Technologies, Microchip Technology, OmniVision Technologies, Cognitec Systems, GOOGLE, IrisGuard, Microsoft, Sony Depthsensing Solutions & Other Players.
Apple-Company Financial Analysis
|Market Size in 2022||US$ 17.31 Bn|
|Market Size by 2030||US$ 71.51 Mn|
|CAGR||CAGR of 19.4% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Product (Touchless Biometric Equipment, Touchless Sanitary Equipment)
• By Type (Online, Offline)
• By Technology (Touchless, Touch-Based)
• By Industry (Automotive, Healthcare, Advertisement & Communication, Government, Consumer Electronics, Finance And Banking, Defense)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Apple, GestureTek technologies, Infineon Technologies, Microchip Technology, OmniVision Technologies, Cognitec Systems, GOOGLE, IrisGuard, Microsoft and Sony Depthsensing Solutions|
|Key Drivers||• Contactless technology is becoming more widely known.
• Major players are increasing their spending in the development of hmds.
• Rising technical innovation and increasing digitization across all industry sectors.
|Restraints||• User aversion to new items and high replacement costs.
• Trade barriers exist between china and the us.
The market value will be expected to reach USD 71.51 billion by 2030, and grow at a CAGR of 19.4% over the forecast period 2023-2030.
The market has been segmented with respect to product, type, type, technology and industry.
Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
126.96.36.199 United Kingdom
188.8.131.52 South Korea
184.108.40.206 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Gesture Recognition and Touchless Sensing Market Segmentation, by product
8.2 Touchless Biometric Equipment
8.3 Touchless Sanitary Equipment
9. Gesture Recognition and Touchless Sensing Market Segmentation, by type
10. Gesture Recognition and Touchless Sensing Market Segmentation, by technology
11. Gesture Recognition and Touchless Sensing Market Segmentation, by industry
11.4 Advertisement & Communication
11.6 Consumer Electronics
11.7 Finance and Banking
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13.1 GestureTek technologies
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.3 Infineon Technologies
13.4 Microchip Technology
13.5 OmniVision Technologies
13.6 Cognitec Systems
13.10 Sony Depthsensing Solutions
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Automated Test Equipment Market will be valued at USD 9.49 billion by 2030, and it was valued at USD 7.26 billion in 2022 and grow at a CAGR of 3.4% over the forecast period 2023-2030.
Baggage Handling System Market size was valued at USD 8.6 billion in 2022 and is expected to grow to USD 14.44 billion by 2030 and grow at a CAGR of 6.7 % over the forecast period of 2023-2030
The Level Sensor Market size was valued at USD 5.1 Billion in 2022 and is expected to grow to USD 9.23 Billion by 2030 and grow at a CAGR Of 7.7 % over the forecast period of 2023-2030.
The Body Area Network Market size was valued at USD 13.2 billion in 2022 and is expected to grow to USD 31.98 billion by 2030 and grow at a CAGR of 11.7 % over the forecast period of 2023-2030.
The Organic Electronics Market size was valued at USD 59.5 billion in 2022 and is expected to grow to USD 234.48 billion by 2030 and grow at a CAGR of 18.7% over the forecast period of 2023-2030
The Power Electronics Market Size will be valued at USD 54.69 billion by 2030, and it was valued at USD 39.66 billion in 2022, and grow at a CAGR of 4.1% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone