Interaction Sensors: Introduction

  • An interaction sensor is a semiconductor device which translates subtle hand movements into gesture controls required by electronic devices so that these devices can be transformed and made to function in a manner in which they are designed to
  • Interaction sensors are capable of tracking millimeter hand gestures at a high speed and accuracy and they can control electronic devices such as watches and phones, without the need for physical contact. This can eliminate the need for use of knobs, buttons, or switches in the surface of electronic products such as watches, phones, and radios.
  • With the help of interaction sensors, the user can run commands by using his/her face or hands without physically touching the device to be operated. For instance, in case of a smartphone with an interaction sensor, the user can control or operate the phone by means of hand gestures or face movements, without touching the phone screen. In automobiles, interaction sensors can be used by the driver to control the radio, the air-conditioner, and the global positioning system (GPS) in the car.
  • Over the last few years, with the rising popularity of the gesture technology among various consumer electronics industries, manufacturers of interactive sensors as well as gesture sensors have been focusing on R&D activities in order to introduce advanced interactive sensors in the market

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Raid Advancements in Sensor Technology to Fuel Market

  • Rapid advancements in the sensor technology were witnessed in the last decade. These include advancements in the gesture input technology. Key players have developed and introduced sensors, which sense gestures of hands and face, in the market.
  • Sensors operating with the help of gestures do not require any physical contact to operate. They have proved beneficial in applications such as smartphones, augmented reality, and virtual reality.
  • Emergence of on-body technologies is leading to a paradigm shift in human–computer interaction, which is expected to drive the global interaction sensor market during the forecast period. Advancements in augmented reality and virtual reality technologies are anticipated to further drive the market during the forecast period.

Advancements in Smartphones to Offer Significant Growth Opportunities

  • There have been various advancements in smartphones, which include advancements in the camera technology and the display technology as well as integration of advanced sensors for enhanced user experience
  • Smartphone makers continue to focus on research and development activities in order to lure consumers, while reducing the replacement cycle. This factor is expected to drive the demand for smartphones with advanced capabilities during the forecast period.
  • Integration of advanced sensors, such as gesture recognition sensors, can lead to launch of innovative smartphones in the market. Gesture inputs the operation of smartphones without physical contact possible, which can enhance the experience of smartphone users.
  • Thus, advancements in smartphone technologies present significant growth opportunities to manufacturers of interaction sensors

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North America to Lead Global Interaction Sensor Market

  • In terms of region, the global interaction sensor market can be divided into: North America, Europe, Asia Pacific, South America, and Middle East & Africa
  • The interaction sensor market in North America is anticipated to expand at the maximum CAGR during the forecast period. This growth can be attributed to rising advancements in the robotics industry in addition to rapid advancements in the automation technology.
  • The interaction sensor market in Europe and Asia Pacific is likely to witness significant growth during the forecast period. The market in South America and Middle East & Africa is estimated to witness moderate growth during the forecast period.

Key Players in Global Market

The global interaction sensor market witnesses presence of a significant number of players, which makes it a fairly fragmented market. Prominent players operating in the global market are focusing on technological advancements and expansions to meet the increasing demand for interaction sensors. Moreover, manufacturers are engaged in the development of innovative bus switch IC solutions.

Key players operating in the global interaction sensor market are:

  • Google Inc.
  • Infineon Technologies
  • Analog Devices Inc.
  • NXP Semiconductors NV
  • Robert Bosch GmbH
  • Texas Instruments
  • Omron Corporation
  • ABB Ltd.
  • Atmel Corporation
  • TDK Corporation
  • Broadcom Ltd.
  • Vishay Intertechnology
  • Kemet Corporation

Global Interaction Sensor Market: Research Scope

Global Interaction Sensor Market, by Technology

  • Voice Recognition
  • RFID
  • Camera-based Sensor
  • Others

Global Interaction Sensor Market, by End-user Industry

  • Consumer Electronics
  • Healthcare
  • Media & Entertainment
  • Aerospace & Defense
  • Others

Global Interaction Sensor Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

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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