The escalating demand for gesture recognition technologies in smartphones and across industries including automotive, government, and finance and banking showcases lucrative prospects for the global gesture recognition and touch-less sensing market. The report evaluates market dynamics based on findings and observations that have been categorized vis-à-vis market drivers, challenges, and opportunities.
 
The research report provides a comprehensive and executive-level overview of the factors affecting the global gesture recognition and touch-less sensing market. It evaluates the demand and supply trends influencing the manufacturing decision of leading vendors, market drivers, growth inhibitors, and growth prospects of the gesture recognition and touch-less sensing market. In addition, the report conducts a feasibility study of the market and presents refined forecasts pertaining to the growth prospects. Backed by detailed primary and secondary research, the report on the gesture recognition and touch-less sensing market is a valuable tool for the organizations operating in the market.
 
Overview of the gesture recognition and touch-less sensing market 
 
The launch of Microsoft’s Kinect in 2010 brought the concept of gesture recognition into the limelight. Ever since then, the market for gesture recognition and touch-less sensing has gained impetus, fuelled by hygiene concerns and the rising demand for advanced methods of contact- free authentication. Gesture recognition and touch-less sensing technologies allow users to interact with devices and perform certain tasks sans the support of mechanical devices.
 
Over the last couple of years, demand in the gesture recognition and touch-less sensing market has been primarily driven by technological advancements that induced enhanced accuracy. These technologies offer ease of use when integrated, and therefore, are expected to register escalating demand in the forthcoming years. The report has segmented touch-less sensing applications into touch-less biometric and touch-less sanitary equipment. 
 
The use of gesture recognition and touch-less sensing will emerge as a sizeable opportunity for companies in this market over the forecast period between 2013 and 2019. Despite witnessing impressive growth trends, the market is faced with challenges such as high cost of product, power consumption of sensors, and achieving the smallest possible sensor size.
 
By technology type, the market for touch-less sensing is segmented into capacitive sensors and infrared sensors. The market segment of touch-less sensing sanitary equipment encompasses touch-less dispensers, faucets, trashcans, hand dryers, and flushes. On the other hand, technologies such as iris recognition, touch-less fingerprint recognition, voice recognition, and face recognition system, are a part of touch-less biometrics market. Key application sectors for gesture recognition and touch-less sensing technologies analyzed in the report are government, finance and banking, consumer electronics, automotive, transportation, and healthcare.
 
Companies mentioned in the research report 
 
Leading market players profiled in the report include, Espros Photonics AG, Microsoft Corporation, eyeSight Technologies, CogniVue Corporation, Gestsure Technologies Ltd., Irisguard, Inc., Elliptic Labs Inc., Omek Interactive, Ltd., Cognitec Systems GmbH, Thalmic Labs Inc., Cross Match Technologies Inc., Movea SA, Microchip Technology Inc., include Qualcomm Inc., and XYZ Interactive Technologies Inc., among others.
 
Major geographies analyzed under this research report are: 
  • Europe
  • North America 
  • Asia-Pacific 
  • Rest of the World 
This report gives you access to decisive data such as:
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 
Key highlights of this report
  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements 
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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