PUNE, India, March 23, 2017 /PRNewswire/ --
The report "Gesture Recognition and Touchless Sensing Market by Technology (Touch-based and Touchless), Product (Sanitary Equipment, Touchless Biometric), Industry, and Geography - Global Forecast to 2022", published by MarketsandMarkets, the market is expected to be worth USD 18.98 billion by 2022, growing at a CAGR of 29.63% between 2017 and 2022.
Browse 75 market data tables and 76 figures spread through 192 pages and in-depth TOC on "Gesture Recognition and Touchless Sensing Market"
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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 growth of this market is driven by factors such as 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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Touch-based gesture recognition technology is expected to lead the overall gesture recognition market
The touch-based gesture recognition technology is expected to hold the largest share of the overall gesture recognition market during the forecast period. Touch-based gesture recognition technologies allow a user to make a certain gesture by touching a device or through a controller connected to the device. Such touch/device-based gestures can be seen in most smartphones available in the market. The largest market size for touch-based gesture control devices is attributed to the larger customer base for touch-based devices.
The market for camera-based touchless sensing technology to grow at the highest rate during the forecast period
The market for camera-based touchless sensing technology is expected to grow at the highest rate between 2017 and 2022. Camera-based sensing devices are used to track moving objects. To identify and sense objects, the device uses eye tracking and 2D and 3D camera tracking technologies. Samsung Group (South Korea) provided this technology in its smartphone GS4, the samrtphone pauses videos when a user looks away. Moreover, eye tracking and other camera-based technologies help to determine the identity of a person by tracking biometric credentials including eyes, hands, or fingerprints.
Americas held the largest share of the touchless sensing market in 2016
The Americas held the largest share of the touchless sensing market in 2016 owing to the favorable initiatives taken by the government in this region to strengthen regulatory activities and security operations. Moreover, in North America, the employee access monitoring in buildings is one of the factors driving the growth of the touchless sensing market. Furthermore, the demand for finger-scan biometric technologies for user authorization is expected to increase the demand for PC/network security applications.
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Some of the major companies in this region include GestureTek (U.S.), Intel Corporation (U.S.), Microchip Technology Inc. (U.S.), Qualcomm Technologies, Inc. (U.S.), and Thalmic Labs (Canada).
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