Gesture recognition and touch-less sensing involves activities to understand human actions by automated systems. These human/user actions are interpreted by software and certain machine tasks are performed.
With these technologies, user tasks are performed by machines by analyzing their actions. It enhances user’s experience at the same time improves quality of service. Hence, such solutions are becoming increasingly popular in healthcare, hospitality, consumer electronics and retail industries. The research presents competitive benefits achieved with these technologies and accordingly market overview is depicted.
The market is driven by need of sophisticated automatic processes in industries such as government, BFSI, etc. There are other factors driving the market such as increasing concern about hygiene and user experience. The market faces limitations due to higher switchover cost, lack of awareness, and need of continuous power supply. However, the growth opportunities are persistent due to factors such as availability of highly efficient equipment, rising concerns for safety, hygiene & user experience and convergence of multiple technologies.
Gesture Recognition Market by Technology
From technology perspectives, the market is classified according to technologies such as 2D, 3D, ultrasonic, IR and capacitive. For gesture recognitions, 2D technology is commonly used, whereas for touch-less sensing, IR technology is used. In future, 3D technology is expected to show higher growth due to increasing adoption and improving 3D scanners & cameras.
Touch-less Sensing Market by Product
According to products, the market is broadly segmented into biometric products and sanitary equipment. Currently, both of the markets are evolving and competent to each other. In future, sanitary equipment is expected to drive market growth due to improving hygiene concerns worldwide.
Gesture Recognition and Touch-less Sensing Market by Geography
Geographically, the market is categorized as per regions such as North America, Europe, Asia-Pacific and rest of the world (RoW). The market at present is leaded by North American and European countries on account of higher safety and hygiene concerns. In future, Asia-Pacific region is expected to hold largest revenue share due to rapidly increasing adoption of touch-less biometric products.
Companies are adopting partnership strategies for targeting untapped markets and product innovations. For example, Microsoft Kinect for Windows has engaged with many partners for innovative product development. On the market’s horizon, competition exists among players such as Microchip Technology, Inc., Microsoft Corporation, Irisguard, Inc., Qualcomm Inc., Primesense Ltd., Gesture Technologies, Cognivue corporation, Eyesight Tech, Softkinetic and Elliptic Labs.
High Level Analysis
The research presents detailed analysis of gesture recognition and touch-less sensing market using Porter’s five forces model. Degree of bargaining power of consumers is expected to increase due to consistently evolving service portfolio of market vendors. Degree of bargaining power of suppliers is expected to remain moderate over the period due to increasing number of players in the market. Threat of substitutes is low/moderate as automatic gesture recognition and sensing have no technological alternative except manual recognition. Threat from intersegment rivalry is high due to competition among numerous brands in the market.
The gesture recognition and touch-less sensing market is classified according to technologies, products and geographies.
GESTURE RECOGNITION MARKET BY TECHNOLOGY
TOUCH-LESS SENSING MARKET BY PRODUCT
OVERALL MARKET BY GEOGRAPHY
SIMILAR MARKET STUDIES
Cloud Enterprise Application Software Market by Solution (CRM, ERP, SCM, Web Conferencing, BI, BPM, CMS, EAM, and Others) and Industry Vertical (Manufacturing & Services, BFSI, Healthcare, Retail, Government, Oil & Gas, Telecom, and Others) - Global Opportunity Analysis and Industry Forecast, 2016-2023
Enterprise application software is a collective set of computer programs with shared business applications that cater to the needs of an entire organization rather than an individual user. It provides services such as online payment processing, automated billing system, human resource management, IT service management, customer relationship management, enterprise resource ...
September 2017 | $5370 | View Details >>
This report studies the Computational Fluid Dynamics (CFD) market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits the Computational Fluid Dynamics (CFD) market by product type ...
September 2017 | $2960 | View Details >>
This report studies the Same-day Delivery market status and outlook of global and major regions, from angles of players, regions, product and end Application/industries; this report analyzes the top players in global and major regions, and splits the Same-day Delivery market by product and Application/end industries. The major players in global ...
September 2017 | $3300 | View Details >>
This report studies the Financial Leasing market status and outlook of global and major regions, from angles of manufacturers, regions and end industries; this report analyzes the top manufacturers in China and splits the Financial Leasing market by applications/end industries. The major players in global Financial Leasing market include CDB Leasing ICBC ...
September 2017 | $4000 | View Details >>
UPCOMING MARKET RESEARCH REPORTS
2017 © Copyright Big Market Research