The gesture recognition market is projected to reach USD 32.3 billion in 2025 from USD 9.8 billion in 2020, at a CAGR of 27.0%. Major drivers for the gesture recognition market’s growth are increasing demand for connectivity in the automotive industry, low technical complexity and advanced user experience and growing digitization across several industries. Further, the integration of multiple technologies with gesture control will create opportunities for the gesture recognition market. The major restraint for the market is high power consumption by the gesture-enabled products. Complex framework for manufacturers pose a major challenge to this market.
Download Free PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=369
The touchless sensing market is projected to reach USD 15.3 billion in 2025 from USD 6.8 billion in 2020 at a CAGR of 17.4%. Major drivers for the touchless sensing market include increasing demand for contact-free sensing as well as hygiene issues and favorable programs deployed by the government. The escalating demand for touchless sensing technologies in smartphones and touchless biometric solutions with upgraded tracking and controlling functionalities will create opportunities for touchless sensing market. The major restraint for the market is higher switchover cost coupled with user resistance. High cost involved in touchless sensing products pose a major challenge to this market.
Consumer electronics segment is projected to account for a significant share of the gesture recognition market owing to the growing adoption of the technology due to low technical complexities. There has been an increase in the production of gesture-based interfaces, which enable users to control devices or software using body movements and gestures. These interfaces are being incorporated into a wide range of devices, including interactive digital signs, medical equipment, arcade game machines, and robots. Also, gesture recognition technology is majorly implemented in electronic devices such as smartphones, laptops, tablets, smart TVs, set-top boxes, head-mounted display (HMD), and gaming consoles.
The gesture recognition market for the consumer electronics industry is growing owing to the increasing need for ease and convenience in product usage. Gesture-based interface used in consumer electronics is more cost-effective than the traditional interface devices such as keyboard and mouse. The use of gesture recognition technology is supporting the growth of the gaming industry, which is projected to be the major contributor to the global market growth. Many consumer electronic device manufacturers, such as ASUS (Taiwan), Dell (US), Lenovo (Hong Kong), and HP (US), have started integrating 3D cameras in their devices. 3D cameras can analyze the depth of an image and can differentiate between the light reflected from different parts of the human body, and that reflected from the surrounding environment. Therefore, the increasing use of 3D cameras is likely to fuel the growth of the consumer electronics segment during the forecast period.
The touchless sensing market by technology is expected to be dominated by the sensors segment during the forecast period. Touchless sensors are developed to help in the user interface innovations centered on touchless gesturing. The market for sensors is growing owing to the increasing digitization across various industries, such as consumer electronics, automotive, government, and banking.
The voice assistance segment is expected to register the highest CAGR owing to the increasing application of voice authentication technology in mobile banking applications, AI for accuracy of speech and voice recognition, and rapid proliferation of multifunctional devices or smart speakers.
Request Free Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=369
APAC is expected to register the highest CAGR during the forecast period. APAC is a high potential market for gesture recognition and touchless sensing products, owing to the presence of emerging economies such as China and India. The increasing awareness regarding hygiene and advanced security standards in emerging countries, such as India and China, are propelling the growth of the gesture recognition and touchless sensing market. Moreover, in countries such as China, Japan, and South Korea, governments give prime importance to the security aspect. Moreover, the growing demand for gesture-enabled products, such as smartphones, laptops and tablets, and smart TVs, is expected to propel the growth of the gesture recognition market in APAC.
The biometrics market in APAC is set to grow due to technological advancements in biometric technology and low costs of the biometric equipment.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441