PUBLISHER: Allied Market Research | PRODUCT CODE: 1193221
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193221
The global touchless sensing market was valued at $9.42 million in 2021 and is projected to reach $46.49 million by 2031, registering a CAGR of 17.5% from 2022 to 2031.
Due to increased digitalization in sectors like healthcare, the automotive industry, and others, the global touchless sensing market is anticipated to expand significantly during the forecast period. In addition, the incorporation of gestures and sensing technology in consumer electronics like smartphones, laptops, and others is anticipated to spur market growth during the forecast period. These factors include the rise in demand for contact-free sensing, and hygiene concerns for both customers and employees, and these factors. However, one of the primary reasons limiting the growth of the worldwide touchless sensing market is the high cost of maintenance. Contrarily, increased IoT-enabled biometric product use for security applications is anticipated to present attractive market expansion potential during the forecast period.
The touchless sensing market is segmented on the basis of product, technology, and end-user vertical. On the basis of product, the market is divided into touchless sanitary equipment and touchless biometric equipment. By technology, the market is segmented into RFID, Camera Based, Voice assistance, and Sensor. By end-use industry, the market is segregated into automotive, consumer electronics, healthcare, finance and banking, defense and government, and others. Region-wise, the touchless sensing market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Taiwan, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players that operate in the market include Cognitec Systems GmbH, Cross Match Technologies, Inc., InvenSense, Inc., Elliptic Laboratories, Microsoft Corporation, Pison, Intel Corporation, MorphoTrak, LLC, Somalytics, Inc., Cipia Vision Ltd., Google LLC (Alphabet), OmniVision Technologies, Inc, XYZ Interactive Technologies, Pebbles, Microchip Technology, Inc., NXP Semiconductors NV, and Qualcomm Inc.
Key Benefits For Stakeholders
By Product
By Technology
By End Use Industry
By Region