According to Marketsandmarket, the gesture recognition and touchless sensing market is expected to grow at a huge CAGR of 20.4% from now to 2029. On this basis, the analysts project this market to grow from USD 24.6 billion in 2024 to USD 62.2 billion by 2029. The increasing adoption of gesture recognition and touchless sensing in the consumer electronics and automotive industry, along with increasing government initiatives, are the factor contributing to this drive in market growth. Additionally, the rising demand for touchless biometric equipment and the growing usage of gesture recognition in the gaming industry are expected to create lucrative growth opportunities for the market.
Intuitive and dynamic
Online gesture recognition scales or rotates a tangible object and controls a machine or computer in real-time. Gesture recognition is the process of capturing and analyzing hand or body movement using cameras, sensors, or any other input devices. Online recognition processes gestures while they are happening. Therefore, it gives instant system responses and provides a more intuitive and responsive user experience; on the other hand, offline gesture recognition has applications in scenarios like video analysis or post-processing. Many applications require real-time adjustments and adaptability to user gestures; online recognition is good at handling such dynamic interactions.
Touchless biometrics
In 2024, the touchless biometric equipment segment held the largest share of the touchless sensing market, and a similar trend is projected to be seen during the forecast period. The growing application of biometric equipment in the automobile, consumer electronics, commercial, and industrial sectors will continue to drive the growth of the touchless biometric equipment market. Fingerprint technology depends on skin condition; hence, its effectiveness in diverse populations and environments varies. Contactless biometric sensors solve these challenges and, in doing so, include those who fingerprint-based techniques exclude.
Asia Pacific main contributor to growth
Asia Pacific will continue to have the largest share in the projection period by 2029. China, India, South Korea, and Japan are the main countries contributing towards growth in the Gesture Recognition and Touchless Sensing market in the Asia Pacific region. The growing security concerns in the big countries of this region have been fuelling the demand for accurate and reliable biometric systems. The e-passport programme has picked up in several countries, while the citizen ID programme initiative has generated a growing demand for touchless biometrics by the Indian government. The demand for touchless biometrics is rising owing to the accuracy of biometric systems. The huge demand for smartphones and tablets is a prominent driver for the gesture recognition market in the Asia Pacific region. This is evidenced by the number of products launched by OEMs in the last two years. The key players in touchless biometric solutions include Fujitsu Limited (Japan), Omron Corporation (Japan), NEC Corporation (Japan), and Gesture Research (India).
Key players
Key players in the gesture recognition and touchless sensing market, in addition to those already mentioned, include companies such as, Microsoft Corporation, Microchip Technology Inc., Google LLC, Infineon Technologies, Apple Inc., Sony Depthsensing Solutions, Cognitec Systems, Omnivision, Irisguard, and Gesturetek, among others.
Source: SECURITY WORLD MARKET