The global 3D gesture sensing control market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the escalating demand across a wide range of applications including hospitality, healthcare, education, consumer electronics, entertainment, gaming, automotive, and retail.
3D gesture sensing is a technique that allows people to interact with devices without having to touch them. It improves the user experience, which in turn raises the appeal of this technology. Gesture recognition technology employs a computing device and a set of mathematical algorithms to track a human gesture or bodily movement.
It enables a person's interaction with a machine without the need of mechanical devices as an input mechanism to carry out system-wide activities. The gesture technology is designed to identify arm, finger, hand, head, and full-body gestures. The advancement of many unique applications in various end-use industries has benefited the development of gesture recognition systems.
The COVID-19 pandemic has negative impact on the 3D gesture sensing control market owing to the lockdown imposed by governments globally. This disrupted in global demand & supply chain related to the technology. The market is expected to quickly recover, since various industries have restarted operations as COVID-19 instances have gradually reduced around the world.
Market Trends, Drivers, Restraints, and Opportunities
- Need for sophisticated automatic processes in industries, such as BFSI and government is one of the key factors driving the market growth.
- Rising application in consumer electronics, healthcare, automation, gaming, and automotive is expected to boost the market growth in the coming years.
- Disruption in commercial trade due to on-going pandemic is expected to hinder the market growth during the projected timeline.
- Inadequate standardization in the development and maintaining of the technology presents a major challenge. This is anticipated to hamper the market growth in the projected period.
- Increasing patent applications to stay competitive and gain an advantage is projected to create significant growth opportunities for the market in the near future.
Scope of 3D Gesture Sensing Control Market Report
The report on the global 3D gesture sensing control market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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3D Gesture Sensing Control Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Products (Touchless Biometric Equipment and Touchless Sanitary Equipment)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Microsoft Corp.; SoftKinetic Inc.; Cognitec Systems GmbH; Applied Micro Circuits Corp.; Analog Devices, Inc.; Motorola, Inc.; AMD Inc.; CEVA Logistics; Cipia Vision Ltd.; Google LLC; GestureTek Technologies Inc.; Irisguard, Inc.; Omek Interactive Ltd.; PrimeSense Ltd.; and Qualcomm Inc.
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3D Gesture Sensing Control Market Segment Insights
Biometric equipment segment to grow at a rapid pace
Based on products, the global 3D gesture sensing control market is bifurcated into touchless biometric equipment and touchless sanitary equipment. The touchless biometric equipment segment is expected to grow at a rapid pace during the forecast period owing to the property it offers, such as high security and assurance. However, the touchless sanitary equipment segment is anticipated to hold a key share of the market in the coming years due to concerns related to improvement in hygiene globally.
North America to constitute a key market share
In terms of regions, the global 3D gesture sensing control market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period attributed to rising safety needs and growing hygiene concerns in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to evolving lifestyle and growing emphasis on hygiene and security across the region.
Segments
The global 3D gesture sensing control market has been segmented on the basis of
Products
- Touchless Biometric Equipment
- Touchless Sanitary Equipment
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Microsoft Corp.
- SoftKinetic Inc.
- Cognitec Systems GmbH
- Applied Micro Circuits Corp.
- Analog Devices, Inc.
- Motorola, Inc.
- AMD Inc.
- CEVA Logistics
- Cipia Vision Ltd.
- Google LLC
- GestureTek Technologies Inc.
- Irisguard, Inc.
- Omek Interactive Ltd.
- PrimeSense Ltd.
- Qualcomm Inc.
Competitive Landscape
Key players competing in the global 3D gesture sensing control market are Microsoft Corp.; SoftKinetic Inc.; Cognitec Systems GmbH; Applied Micro Circuits Corp.; Analog Devices, Inc.; Motorola, Inc.; AMD Inc.; CEVA Logistics; Cipia Vision Ltd.; Google LLC; GestureTek Technologies Inc.; Irisguard, Inc.; Omek Interactive Ltd.; PrimeSense Ltd.; and Qualcomm Inc.
As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.
For instance, in June 2021, Microsoft developed Windows 11 as their latest operating system. In March 2020, Infineon and Qualcomm collaborated to create a high-quality standard solution for 3D authentication.
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