The gesture recognition and touchless sensing market is projected to grow from USD 24.6 billion in 2024 to USD 62.2 billion by 2029; it is expected to grow at a CAGR of 20.4% during the forecast period. The gesture recognition and touchless sensing market will continue to grow with the growing demand for digitalization and the increase in technological advancements across industry verticals, increasing demand for connectivity in the automotive industry.
Key players operating in the gesture recognition and touchless sensing market include Microsoft Corporation (US), Apple Inc. (US), Microchip Technology Inc. (US), Google LLC (US), Infineon Technologies (Germany), Sony Depthsensing Solutions (Belgium), Cognitec Systems GmbH (Germany), OmniVision Technologies (US), GestureTek (Canada), and IrisGuard (UK), among others. New product launches and activities like partnerships, collaboration, and mergers & acquisitions are significant strategies used by leading companies to improve their product lines, grow their market shares, and strengthen their position in the industry.
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Major Gesture Recognition and Touchless Sensing companies include:
Microsoft Corporation is an American-based multinational technology corporation producing computer software, consumer electronics, personal computers, and related services. Globally, the company engages in the development, licensing, marketing, distributing, and selling of software, services, and devices. It has three business segments: Intelligent Cloud, More Personal Computing and Productivity, and Business. Microsoft’s product portfolio includes the Microsoft Windows line of operating systems, its PCs, laptops, gesture recognition applications, Microsoft HoloLens, Microsoft Office Suite, and the Internet Explorer and Edge web browsers. Their marquee hardware products are the Xbox video game consoles and the Microsoft Surface line of touch-sensitive personal computers. In addition, their Gestures Service provides gesture detection as a local service for applications. For example, the demo applications provided with Project Prague - DiscoveryClient, Gestures Camera and Wolfly - all rely on the Gestures Service for their gesture detection.
Apple Inc. is engaged in designing, manufacturing, and marketing of personal computers, mobile communication and media devices, and portable digital music players. It sells its products in many countries in Europe, the Americas, and Asia Pacific regions. Company’s Touchless Browser, Touchless Carwash, TouchlessControl are the software offered for gesture recognition and touchless sensing. Touchless Browser is a browser that can be operated remotely by using the recognition of hand gestures by the camera can be used in iPhone and iPad. Touchless Carwash is a crowd-sourced car wash finder that lets user find the right car wash. Through TouchlessControl user can control any elevator without touching and this will work in any residential buildings, corporate offices, etc.The result might be to unyoke the company's most important product in an increasingly homogenous market. It has several new product developments underway and is pursuing enhancements to its gesture control technologies. Apple received the patent for its 3D gesture control, a technology to analyze hand motions.
Microchip Technology Inc. manufactures and sells specialized semiconductor products used by customers for array of embedded control applications. Its product portfolio comprises general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers, 32-bit microprocessors, field-programmable gate array (FPGA) products, a broad spectrum of high-performance linear, mixed-signal, power management, thermal management, discrete diodes, MOSFETs, capacitive sensors, 3D tracking, and gesture detection systems, related to the gesture control and sensing market. The company also licenses Flash-IP solutions incorporated into a broad range of products. It complies with several quality systems, including ISO9001 (2015 version), IATF16949 (2016 version), AS9100 (2016 version), and TL9000.
Related Reports:
Gesture Recognition and Touchless Sensing Market by Technology (Touch-based, Touchless), Touchless Sensing Product (Touchless Biometric Equipment, Touchless Sanitary Equipment), Gesture Recognition Type, Industry and Region - Global Forecast to 2029
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