- Opportunity and Forecast, 2016-2025
Gesture recognition and touchless sensing involves high degree of humanmachine interaction (HMI) to improve efficiency and productivity by giving commands to the machine through body motions, facial expressions, and hand motions. Convenience is provided to the user while handling devices such as personal computers, laptops, smartphones, navigation devices, and others, thus gaining popularity among users and original equipment manufacturers (OEMs). Innovation by manufacturers to add various features in consumer electronic devices to detect gestures has resulted in enhanced safety, convenience, and reliability. The combination of computer vision and image processing is used to execute commands provided through gestures.
Growing adoption of gesture recognition and touchless sensing technology in gaming, automation, healthcare, automotive, and consumer electronics drives the growth in the global industry. In addition, rise in awareness for safety, use of efficient equipment, and improvement of user experience are factors that supplement this growth. However, inability to practice accepted technical standards along with inefficient standardization in the development of technology that enables detection of gestures and sensors hinder this growth. On the other hand, changing price trends are expected to present new growth opportunities in the industry.
The global gesture recognition and touchless sensing market is segmented on the basis of type of technology, application, and geography. Based on type of technology, the market is bifurcated into touch-based and touchless technologies. Touch-based technology segment is further classified into accelerometer, gyroscope, and combo sensors; whereas the touchless technology is classified into infrared 2D array, ultrasonic 3D, and camera solutions. Based on application, the market is divided into consumer electronics, automotive, gaming, hospitality, medical centers, aerospace & defense, and educational hubs. Geographically, it is analyzed across North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa.
Key manufacturers operating in the industry are Microsoft Corporation, Apple Inc., Intel Corporation, Qualcomm Inc., Irisguard, Inc., Cognivue Corporation, Primesense Ltd., GestureTek, Inc., Eyesight Tech, Crunchfish AB, Infineon Technologies, and Omron Corporation. These players have implemented developmental strategies, such as collaborations, expansion, partnerships, merger & acquisition, joint ventures, and others, to gain a stronger position in the industry.
The global railway traction motor market is expected to reach $41.63 billion in 2025, from $30.28 billion in 2016, growing at a CAGR of 3.8% from 2017 to 2025. Railway ... Read More >>