Gesture Recognition and Touchless Sensing Market: Global Industry Analysis and Forecast (2024-2030)

Gesture Recognition and Touchless Sensing Market size was valued at US$ 25.34 Bn. in 2023 and the total revenue is expected to grow at CAGR 23.5 % through 2024 to 2030, reaching nearly US$ 111.04 Bn
Gesture Recognition and Touchless Sensing Market Overview:
Gesture recognition technology uses a computing device to track a human gesture or body movement using a number of mathematical methods. It permits an individual's interaction with the machine without requiring mechanical means as an input mechanism to carry out necessary tasks in a system. Devices. The gesture technology is intended to detect and measure bodily gestures made with the arms, fingers, and hands. A head or a whole body many novel End users are being developed for various end-uses. The development of gesture recognition technologies has been promoted by the industry.

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Gesture Recognition and Touchless Sensing Market Dynamics
The global gesture recognition and touchless sensing market are being driven by the expanding End-use in automation, consumer electronics, gaming, healthcare, and automotive. With the support of market drivers, the advanced sensing industry is rising. Furthermore, the global market is being boosted by the frequent increase in healthcare and automotive gesture End uses. 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, market drivers are critical to the growth of the gesture recognition industry.

The high tariffs imposed on US-China bilateral trade since 2023, which has resulted in a drop in global demand for goods, trade, and investments, is one of the primary causes undermining the global economy. Because China is a vital player in the global supply chain of intermediate goods, such as computers, electronics, pharmaceuticals, transportation equipment, and gesture recognition technology, the country's output fall has had an impact on enterprises all over the world.

Although China and the United States struck a trade agreement in January 2020 to end the trade war, it is only likely to be a brief truce. If the trade war continues beyond the COVID-19 problem, the global economy may be further harmed. The trade war is expected to have a substantial influence on global gesture recognition equipment growth because China accounts for 40–50 percent of global electronics supply. China’s trade restrictions on gesture recognition equipment makers are projected to have an impact on income streams for smartphones, wearable’s, and television producers, limiting the market growth.

The gesture recognition market is preferred by the majority of countries due to increased modern technology. The widespread adoption of RFID, Voice Assistance, Camera-based Sensors, and others (NFC & Bluetooth) has ushered in a revolution in market growth that is excepted to continue. The global market is driving, with a CAGR of 20%, which is quite high for effective expansion in the predicted years. As a result, the study states that global market demand is rapidly increasing in order to seize additional marketing opportunities.

The lack of awareness, the demand for a continuous power supply, and the high switchover cost, the growing popularity of the gesture recognition market may face obstacles. The epidemic has had a major negative influence on the gesture recognition market, just like any other industry. Because of the shutdown, service providers were unable to optimize their Productivity. However, as things have normalized, customers' wants have increased, and market actors are putting in maximum Product capacity to meet those rising demands.
Gesture Recognition and Touchless Sensing Market Segment Analysis:
The Gesture Recognition and Touchless sensing market are sub-segmented into Technology, Product, and End-use.

Based on Technology, the market is sub-segmented into Touch-based gesture recognition and Touchless gesture recognition. Using clever algorithms, touchless technology blends languages with wireless signals to evaluate, judge, and integrate human motions and sensing. Machine learning technologies are used to perform gesture recognition. Some objective elements, such as the user's position and non-line of sight conditions, have an impact on touchless technology. The touchless user interface (TUI) is a new sort of gesture control technology. TUI is a method of controlling a computer through body movements and gestures rather than using a keyboard, mouse, or screen.

In a vehicle, touchless gesture recognition increases driving safety. The less time the driver spends browsing menus, the more time he or she has to concentrate on the road. During the forecast period, the touchless technology market is predicted to dominate the gesture recognition and touchless sensing market by technology. The wider customer base for touchless technology accounts for a substantial proportion of this market category. Because of its low cost and widespread use by original equipment manufacturers, the consumer electronics sector has essentially adopted touch-based gesture recognition technology. Because of its versatility, touch-based technology is widely used in gaming and automobile End uses.

Based on End-use, the market is sub-segmented into Consumer Electronics, Government, Finance and Banking, Healthcare, Automotive, and Others. One of the key growth drivers for the market is increased digitization across industries. Because of the simplicity of adoption and low technological difficulties for end-users, the consumer electronics industry held the largest share of the market in 2023. This technique is now being used in a variety of other sectors. The automobile and healthcare industries, for example, are aggressively adopting gesture recognition technologies. This technology makes it easier for consumers to connect with computers and other devices, improving human-machine interaction. It also makes it easier for physically challenged people to use electronics.

The global gesture recognition market is rising due to the increased use of consumer electronics and the Internet of Things, as well as a growing need for comfort and convenience when using Technologies. Technological developments and ease of use are assisting in the global acceptance of technology. The need for gesture recognition technologies in the automotive industry is also increasing as people become more aware of rules and driver safety. Similarly, increased demand for End use-based technologies is driving market expansion.
Gesture Recognition and Touchless Sensing Market Regional Analysis:
China, Japan, South Korea, India, and the Rest of APAC, which predominantly includes Australia, Singapore, Malaysia, and Thailand, make up the gesture recognition and touchless sensing market in APAC. During the forecast period, it is expected to be the fastest-growing market for gesture recognition and touchless sensing. The Asia Pacific region's developing countries also have significant growth potential and a favorable environment for goods makers. As a result, the Asia Pacific region's touchless sensing market is predicted to grow at the fastest rate over the forecast period. In the coming years, the growing number of smart city and smart infrastructure projects performed by governments will open up a multitude of options for gesture recognition and touchless sensing. The market for gesture recognition and touchless sensing is growing due to rising awareness of cleanliness and advanced security regulations in emerging nations such as India and China.

Governments in China, Japan, and South Korea place a high priority on security.

Furthermore, the increased demand for gesture-enabled Technologies such as smartphones, laptops and tablets, and smart TVs is likely to boost the gesture recognition market forward. Because of technological developments in biometric technology and the low costs of biometric equipment, the biometrics industry in the APAC region is expected to rise. The necessity for precise and reliable biometric systems has grown as security concerns in the region's main countries have grown. In several nations, the e-passport program is gaining traction, and the Indian government's Aadhaar number programme has fueled demand for touchless biometrics.

The objective of the report is to present a comprehensive analysis of the Gesture Recognition and Touchless Sensing Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Gesture Recognition and Touchless Sensing Market dynamic, structure by analyzing the market segments and project the Global Gesture Recognition and Touchless Sensing Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Gesture Recognition and Touchless Sensing Market make the report investor’s guide.
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Gesture Recognition and Touchless Sensor Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 25.34 Bn.


Forecast Period 2024 to 2030 CAGR:
23.5%
Market Size in 2030:
US $ 111.04 Bn.


 Segments Covered:
by Technology
Touch-based Gesture Recognition
Touchless Gesture Recognition


by Product
Sanitary Equipment Market
Touchless Biometric Market
Others


by End-use
Consumer Electronics
Government
Finance and Banking
Healthcare
Automotive
Others



Gesture Recognition and Touchless Sensor Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Gesture Recognition and Touchless Sensor Market Key Players
1. Microsoft Corporation
2. Intel Corporation
3. Google, Inc.
4. Apple, Inc.
5. Qualcomm Technologies, Inc.
6. Infineon Technologies AG
7. Microchip Technology, Inc.
8. Omnivision Technologies, Inc.
9. Sony Corporation
10. Eyesight Technologies Ltd.
11. Cognitec Systems GmbH
12. Crossmatch
13. Elliptic Labs
14. Pointgrab
15. Pmdtechnologies AG
16. ESPROS Photonics

Frequently Asked Questions:

1. Which region has the largest share in Global Gesture Recognition and Touchless Sensor Market?
Ans: Asia Pacific region held the highest share in 2023.

2. What is the growth rate of Global Gesture Recognition and Touchless Sensor Market?
Ans: The Global Gesture Recognition and Touchless Sensor Market is growing at a CAGR of 23.5% during forecasting period 2024-2030

3. What is scope of the Global Gesture Recognition and Touchless Sensor Market report?
Ans: Global Gesture Recognition and Touchless Sensor Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Gesture Recognition and Touchless Sensor Market?
Ans: The important key players in the Global Gesture Recognition and Touchless Sensor Market are – Microsoft Corporation, Intel Corporation, Google, Inc., Apple, Inc., Qualcomm Technologies, Inc., Infineon Technologies AG, Microchip Technology, Inc., Omnivision Technologies, Inc., Sony Corporation, Eyesight Technologies Ltd., Cognitec Systems GmbH, Crossmatch, Elliptic Labs, Pointgrab, Pmdtechnologies AG, ESPROS Photonics, Cognivue, Gestsure Technologies Ltd., North Inc., OBLONG INDUSTRIES, and INC

5. What is the study period of this Market?
Ans: The Global Gesture Recognition and Touchless Sensor Market is studied from 2023 to 2030