The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global gesture recognition and touchless sensing market are poised for substantial growth, with projections indicating an increase from $13.89 billion in 2022 to $16.88 billion in 2023 at a remarkable CAGR of 21.5%. Looking ahead, the market size is anticipated to surge to $34.97 billion in 2027, maintaining a robust CAGR of 20%. Let’s delve into the key drivers and trends propelling this dynamic market.

1. Driving Force: Automotive Industry Integration

• Strategic Usage:
  • Gesture recognition and touchless sensing find significant applications in the automotive industry, encompassing both design and manufacturing aspects, including motorcycles.
  • The technology plays a pivotal role in minimizing driver distractions by streamlining controls and reducing the need for manual interactions with touchscreens.
• Global Automotive Impact:
  • In 2021, a total of 79.1 million motor vehicles were produced globally, marking a 1.3% increase over 2020 (European Automobile Manufacturers Association).
  • The Global EV Outlook 2021 reported a substantial increase in consumer spending on electric vehicle purchases, reaching USD 120 billion in 2020, a 50% surge from 2019.
• Market Propulsion:
  • The growing usage of gesture recognition and touchless sensing in the automotive sector is a pivotal factor driving the market’s upward trajectory, fostering innovation and efficiency.

2. Industry Leaders:

• Prominent Players:
  • Major players in the gesture recognition and touchless sensing market include Microsoft Corporation, Apple Inc., Google LLC, Intel Corporation, Qualcomm Inc., and many more.
  • These industry giants contribute significantly to the market’s evolution through technological advancements, strategic collaborations, and product innovations.
• Diverse Expertise:
  • Companies like Sony Depthsensing Solutions, Infineon Technologies, and IrisGuard bring diverse expertise to the market, contributing to its growth and competitiveness.

3. Technological Innovations:

• Innovation as a Catalyst:
  • Technological innovations stand out as a key trend in the gesture recognition and touchless sensing market, driving advancements in product capabilities and user experiences.
  • Companies are consistently introducing groundbreaking products to maintain their market positions and meet evolving consumer demands.
• Boréas Technologies’ Breakthrough:
  • In May 2021, Boréas Technologies launched an innovative piezo sensor, a finger-sensing technology for smartphones.
  • This technology combines HD haptic feedback with gesture detection, allowing for customizable haptic experiences, including taps, swipes, clicks, and multi-level force clicks.

4. Market Segmentation:

• Comprehensive Segmentation:
  • The global gesture recognition and touchless sensing market are segmented based on product types, technology, and industry applications.
  • Products include Biometric Equipment and Sanitary Equipment, while technologies encompass both Touch-based and Touchless solutions.
• Diverse Industry Applications:
  • Industry applications span Automotive, Consumer Electronics, Healthcare, Advertisement and Communication, Defense, Finance and Banking, Government, and Other Industries.
  • The versatility of gesture recognition and touchless sensing technologies positions them as valuable tools across a spectrum of sectors.

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https://www.thebusinessresearchcompany.com/report/gesture-recognition-and-touchless-sensing-global-market-report

The Gesture Recognition and Touchless Sensing Global Market Report 2023  provides an overview of the gesture recognition and touchless sensing market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The gesture recognition and touchless sensing market forecast analyzes gesture recognition and touchless sensing market size, gesture recognition and touchless sensing market share, leading competitor and their market positions.

The Table Of Content For The Gesture Recognition and Touchless Sensing Market Include:
1. Gesture Recognition and Touchless Sensing Market Executive Summary
2. Gesture Recognition and Touchless Sensing Market Segments
3. Gesture Recognition and Touchless Sensing Market Size And Gesture Recognition and Touchless Sensing Market Growth Rate
4. Key Gesture Recognition and Touchless Sensing Market Trends
5. Major Gesture Recognition and Touchless Sensing Market Drivers
……
25. Key Mergers And Acquisitions In The Gesture Recognition and Touchless Sensing Market
26. Top Gesture Recognition and Touchless Sensing Companies
27. Gesture Recognition and Touchless Sensing Market Opportunities And Strategies
28. Gesture Recognition and Touchless Sensing Market, Conclusions And Recommendations
29. Appendix

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