The gesture recognition and touchless sensing market is projected to reach USD 37.6 billion by 2026 from USD 13.6 billion in 2021; it is expected to grow at a CAGR of 22.6% from 2021 to 2026. North America has the largest market share for gesture recognition and touchless sensing. Whereas, APAC has the highest growth rate and is expected to grow at the highest CAGR during the forecast period owing to the rapidly changing face of technology and customer needs in high-potential markets such as China, Japan, South Korea, and India. Due to advancements in technology and the emergence of new business models as well as new infrastructural developments in the developing cities of the region, the gesture recognition and touchless sensing market is exhibiting an upbeat outlook. The growing awareness of hygiene and advancement of security standards would further fuel the adoption of gesture recognition and touchless sensings in APAC. Furthermore, growth in end-use sectors and mounting investments from government bodies are also favoring the growth of the gesture recognition and touchless sensing market in the region. Growing trend of smart homes, as well as use of VR in video games, are some of the are the major opportunities for the gesture recognition and touchless sensing market. On the other hand, factors such as the high replacement cost of, and user resistance for new products and the recent trade wars between US and China are restraining the growth of the gesture recognition and touchless sensing market. Disruption in commercial trade due to Covid-19 and high initial cost as well as complex framework of product technologies are few challenges that the manufacturers are facing.
The prominent players operating in the gesture recognition and touchless sensing market are Microsoft Corporation (US), Microchip Technology Inc. (US), Apple Inc. (US), Google LLC (US), Sony Depthsensing Solutions SA/NV (Belgium), Infineon Technologies (Germany), Cognitec Systems GmbH (Germany), GestureTek (Canada), OmniVision Technologies (US), IrisGuard (UK), Cipia (Israel), Elliptic Laboratories (Norway), XYZ Interactive (Canada), pmdtechnologies ag (Germany), Oblong Industries Inc. (US), Gesture Research (India), PointGrab Inc. (Israel), ESPROS Photonics (Switzerland), HID Global Corporation (US), OMRON Corporation (Japan), Ultraleap (UK), German Autolabs (Germany), iProov Ltd. (UK), Qualcomm (US) and Toposens (Germany).
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Top 2 Players in Gesture Recognition and Touchless Sensing Market:
Microsoft Corporation is an American multinational technology company that produces computer software, consumer electronics, personal computers, and related services. Microsoft Corporation is engaged in developing, licensing, marketing, distribution, and sale of software, services, and devices, globally. The company has three business segments: Intelligent Cloud, More Personal Computing and Productivity, and Business.
Microsoft has a diverse product portfolio, including Microsoft Windows line of operating systems, Laptops, PCs, Gesture Recognition Applications, Microsoft HoloLens, Microsoft Office Suite, and the Internet Explorer & Edge web browsers. Its flagship hardware products are the Xbox video game consoles and Microsoft Surface lineup of touchscreen personal computers.
The company’s gesture recognition products can be integrated with the Xbox gaming console, personal computing devices, Microsoft Surface Laptops, Webcams, and other products in the portfolio through its Windows OS.
Apple is engaged in the designing, manufacturing, and sale of mobile communication and media devices, personal computers, and portable digital music players. The company also sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. The company operates across diverse regions such as Europe, the Americas, and the Asia Pacific.
Apple Inc is working on touchless gesture control and curved screens for future iPhones, projects that may help the company differentiate its most important product in an increasingly crowded market. Apple is engaged in a number of new product developments and working on enhancing its gesture control technologies. Apple received the patent for its 3D gesture control, a technology to analyze hand motions.
Gesture Recognition and Touchless Sensing Market with COVID-19 Impact Analysis by Technology (Touch-based, Touchless), Type, Product (Touchless Biometric Equipment, Touchless Sanitary Equipment), Industry and Geography - Global Forecast to 2026
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