According to a new report "Gesture Recognition & Touch-Less Sensing Market by Technology (2D, 3D, Ultrasonic, IR, Capacitive), Product (Biometric, Sanitary Equipment), Application (Healthcare, Consumer Electronics, Automotive), Geography (Americas, EMEA & APAC) - Global Forecasts and Analysis to 2013 - 2020" by MarketsandMarkets, the total Gesture Recognition & Touch-less Sensing Market is expected to reach $22.04 Billion by 2020, growing at a CAGR of 30.91% from 2013 to 2020.
Browse more than 105 market data tables with 56 figures spread through 310 pages and in-depth TOC on "Gesture Recognition & Touch-Less Sensing Market"
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Hygiene concerns and growth in demand of contact free authentication has boosted the Touch-less Sensing market. In overall touch-less sensing market, the government application will be the highest revenue generator and lead the market from the demand side. The Americas lead the touch-less sensing market for both sanitary equipment and touch-less biometric products; Europe follows shortly.
The concept of gesture recognition came into major attention with the launch of Microsoft's Kinect in 2010. The new and enhanced user experience offered by various technologies has gathered interest from a number of OEMs across many applications. This has resulted in the launch of products ranging from smart TVs to smartphones that integrate with gesture recognition technologies.
Consumer electronics is the core and the biggest contributor to the gesture recognition market due to the commercialization of this technology in smartphones, media tablets, smart TV’s, set-top boxes and gaming consoles. The use of gesture based technology by OEM’s like Sony, Samsung, Apple and others in their products are also increasing thus enabling this segment to contribute more and more towards gesture recognition market. The growth rate will be very high in the coming years in this segment as the technology is getting developing at a rapid speed. The gesture recognition market was already commercialized in 2012 in several consumer electronics products such as smartphones, laptops, smart TVs, media tablets, and gaming consoles, except for set top boxes where it got commercialized in 2013.
The healthcare segment holds the key for an exponential growth of the gesture recognition technology. Currently the gesture recognition market in healthcare is still in the beginning stage as most of the applications are only in prototyping stage and has not yet been commercialized and are being used only for rehabilitation applications. Research & Development is going to develop many more innovative products which will enable and help doctors to serve and treat patients in an easier and effective manner. Research is being carried out in order to combine Microsoft’s Kinect camera with an algorithm to convert gestures to commands for manipulating MRI images on large visual display units. The prominent company which is involved with prototyping technology and is working to commercialize gesture recognition technology for healthcare is GestureTek (Canada).
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Another segment with a high potential growth rate for gesture recognition technology is the automotive sector. Although the technology is in testing stage and will only commercialize by the end of 2015, but the R&D by 12 major car companies ranging from BMW to Mercedes to integrate this technology with car-infotainment accessories is adding fuel to this growth. This technology will enable the driver to use car functionalities like AC, music system, GPS & others only by gestures thus reducing distractions and leading to more safety. Mercedes Benz (Germany) has already displayed an experimental system named DICE (Dynamic & Intuitive Control Experience) which let drivers perform basic functionalities using hand gestures. Indian car companies like Mahindra-Satyam has also come up with in-car navigation systems supporting gesture recognition.
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