According to SPER Market Research, the Gesture Recognition and Touchless Sensing Market is estimated to reach USD 138.58 billion by 2032 with a CAGR of 20.76%. The global gesture recognition and touchless sensing market refers to the technology used to detect and interpret human gestures without the need for physical contact or touch. This market includes a wide range of touchless sensing technologies, such as motion sensors, facial recognition systems, and voice recognition systems, that are used to interact with various devices and machines.
One of the main impacts of the pandemic on the touchless sensing market has been an increase in demand for touchless interfaces in public spaces. For example, touchless interfaces are increasingly being used in airports, hotels, and public transportation systems to reduce the spread of the virus. Touchless interfaces are also being used in healthcare settings, where they can help reduce the risk of infection for both patients and healthcare workers.
Gesture Recognition and Touchless Sensing Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 20.76%
- Forecast Market Size (2032): 138.58 billion
Another impact of the pandemic on the touchless sensing market has been an increase in demand for touchless payment systems. With many businesses moving to contactless payment systems to reduce the spread of the virus, there has been an increased demand for touchless payment technologies such as facial recognition and voice recognition systems.
Despite the impact of the pandemic, the global gesture recognition and touchless sensing market has continued to grow, and is expected to continue to grow in the coming years. The pandemic has accelerated the adoption of touchless sensing technology, and has increased awareness of the benefits of touchless interfaces in various industries. This is expected to lead to increased investment in touchless sensing technology, and the development of new touchless sensing applications in the future.
Impact of COVID-19 on the Gesture Recognition and Touchless Sensing Market
The COVID-19 public health catastrophe, which has had an influence on almost every industry, is truly unprecedented on a global scale, and its long-term effects are anticipated to have an effect on industry growth throughout the course of the projected period. China is an important participant in the global supply chain for intermediate goods, including computers, electronics, pharmaceuticals, transportation equipment, and gesture recognition technologies. As a result, the country’s output decline has had an effect on businesses all over the world.
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Gesture Recognition and Touchless Sensing Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
- Camera-Based Technology
- Touch-Based Gesture Recognition
- Touchless Gesture Recognition, RFID Technology
- Voice Assistance
- Touchless Sanitary Equipment
- Touchless Biometric
- Advertisement & Communication
- Consumer Electronics
- Finance and Banking
- Middle East
- North America
- Latin America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Gesture Recognition and Touchless Sensing Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; ESPROS Photonics, Microsoft, Eyesight Technologies Ltd., Cognivue, Gestsure Technologies Ltd., Elliptic Laboratories A/S, Cognitec Systems GmbH, Crossmatch, Microchip Technology Inc., Qualcomm Technologies, Inc., XYZ Interactive, OBLONG INDUSTRIES, INC, MetaSensor Inc., GESTURE RESEARCH, PointGrab Inc., OmniVision Technologies, Inc. and Infineon Technologies AG.
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