[192 Pages Report] The gesture recognition market is expected to be worth USD 18.98 Billion by 2022, growing at a CAGR of 29.63% between 2017 and 2022. The touchless sensing market is expected to be worth USD 15.27 Billion by 2022, growing at a CAGR of 17.44% between 2017 and 2022.
The major drivers for the market include the surging application of gesture control features in automobiles, increasing digitalization across industries, favorable programs deployed by government, and reduction of hygiene concerns due to presence of touchless sanitary solutions.
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The touch-based gesture recognition technology held a larger share of the gesture recognition market in 2016 due to the larger customer base for touch-based devices. There are two types of touch-based gesture recognition technologies—multi-touch and motion gesture. These technologies allow a user to make a certain gesture by touching a device or through a controller connected to the device.
In the gesture recognition market, the consumer electronics industry held the largest share in 2016, while the healthcare industry is expected to grow at the highest rate during the forecast period. The increased hygiene concern across the healthcare industry is expected to have a major influence on the gesture recognition market and would accelerate the adoption of gesture control devices throughout the forecast period. Therefore, the convenience associated with the gesture control devices is expected to influence the healthcare industry during the forecast period.
Asia-Pacific (APAC) dominates the gesture recognition market and would have the highest growth rate throughout the forecast period owing to the increasing demand of consumer electronic products in this region. The growing demand for gesture-enabled products, such as smartphone, laptops and tablets, smart TVs, has propelled the growth of the gesture recognition market for the region. The touchless sensing market is led by the Americas.
This is mainly driven by large-scale funded programs such as the Visa Waiver Program (VWP) that enable people from certain countries to travel to the U.S. without a visa. The developing countries in the APAC region have a huge growth potential and provide a favorable environment for product manufacturers. Hence, the touchless sensing market in APAC is expected to grow at the highest rate during the forecast period.
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The major vendors in the gesture recognition and touchless sensing market are Infineon Technologies AG (Germany), Qualcomm Technologies, Inc. (U.S.), eyeSight Technologies Ltd (Israel), Cognitec Systems GmbH (Germany), Intel Corporation (U.S.), Crossmatch(U.S.), Elliptic Labs (Norway), PointGrab (Israel), Google, Inc. (U.S.), Apple, Inc. (U.S.), Microsoft Corporation (U.S.), Microchip Technology, Inc. (U.S.), OmniVision Technologies Inc. (U.S.), Sony Corporation (Japan) and pmd technologies ag (Germany). These players have adopted various strategies, such as new product launches and developments, contracts, acquisitions, partnerships, and business expansions, to cater to the needs of the market.
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