Title: Gesture Recognition and Touchless Sensing Market size forecast to grow at 20% CAGR from 2016 to 2023
1Gesture Recognition And Touchless Sensing Market
to increase at more than 20 CAGR and cross USD
30 billion in 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2 Regional Analysis of Gesture Recognition and
Touchless Sensing Market
- Asia Pacific gesture recognition and touchless
sensing market share is projected to grow at over
50 CAGR from 2016 to 2023. - Increasing application in biometric systems and
sanitary equipment are predominant factors for
growth in this region. Major regional
contributors are China, Japan, India, and South
Korea. - North America gesture recognition market share
was the largest, with over 35 of the total
revenue in 2015. The region is forecast to
witness substantial growth across the touchless
biometric market, followed by MEA.
3 Application Analysis of Gesture Recognition and
Touchless Sensing Market
- Application segments comprise consumer
electronics, gaming, automotive, hospitality,
aerospace and defense, commercial centers,
medical centers, and educational hubs. - Key technology segments of the touchless sensing
market are RFID, camera based, voice recognition,
and sensors, while products include sanitary
equipment and biometric. - Automotive and healthcare applications will
exhibit high growth potential through the
forecast timeframe. Factors such as increasing
awareness for safety, assembly of several
technologies, use of highly efficient equipment,
user experience and hygiene will also accelerate
growth.
4 Competitive Market Share of Gesture Recognition
and Touchless Sensing Market
- The global competitors in gesture recognition
sector are Microsoft Corporation, Intel
Corporation, Apple Inc., Irisguard, Inc.,
Qualcomm Inc., Primesense Ltd., Cognivue
Corporation, Eyesight Tech, GestureTek, Inc.,
Crunchfish AB, Omron Corporation, Infineon
Technologies, Elliptic Laboratories and
SoftKinetic. - Leading companies are focusing on mergers and
acquisitions for targeting untapped markets and
product innovation. For example, Microsoft Kinect
for Windows has tied up with many partners for
innovative product development. Companies are
investing in research and development activities
to enhance the usability and create new
innovative products.
5 Browse Full Market Research Report On Gesture
Recognition and Touchless Sensing Market _at_
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table of contents for this report _at_
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