The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The gesture recognition and touchless sensing market has witnessed exponential growth in recent years, with the market size expected to reach $20.36 billion in 2024, representing a compound annual growth rate (CAGR) of 21.0%. This growth is attributed to early innovations in human-machine interaction, automotive integration of gesture controls, healthcare applications, commercial integration, and smart home automation. By 2028, the market is projected to grow to $41.94 billion, with a CAGR of 19.8%.

Driving Growth: Contactless Point-Of-Sale Transactions
One of the key drivers of growth in the gesture recognition and touchless sensing market is the increasing adoption of contactless transactions in point-of-sale applications. Contactless transactions offer a convenient and hygienic payment method, driving the demand for touchless interactions. Tap-to-pay usage in the U.S. is expected to increase significantly, with a 150% growth in digital wallet tap-to-pay transactions by 2028, highlighting the trend towards touchless transactions.

Technological Innovations Redefining Touchless Sensing
Technological advancements are driving innovation in the gesture recognition and touchless sensing market. Companies are introducing cutting-edge products, such as Boréas Technologies’ piezo sensor for smartphones, which combines HD haptic feedback with gesture detection. This sensor can detect a variety of actions, including taps, swipes, clicks, and multi-level force clicks, enhancing the user experience on smartphones.

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Qualcomm’s Acquisition of Clay Air Expands AR Capabilities
Qualcomm’s acquisition of Clay AIR, a hand-tracking and gesture-recognition company, highlights the focus on expanding augmented reality (AR) capabilities. The acquisition, along with the launch of Qualcomm’s Spaces developer platform, aims to enable developers to create software and experiences for AR glasses powered by Qualcomm, further driving innovation in the gesture recognition and touchless sensing market.

The Future of Gesture Recognition and Touchless Sensing
The gesture recognition and touchless sensing market is segmented by product, technology, and industry, reflecting the diverse applications of these technologies. With North America leading the market in 2023, the future of gesture recognition and touchless sensing looks promising, with rapid growth expected in the forecast period.

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The Gesture Recognition And Touchless Sensing Global Market Report 2024  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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