Touchless Sensing Market By Product (Touchless Sanitary Equipment, Touchless Biometric Equipment), By Technology (RFID, Camera Based, Voice assistance, Sensor), By End Use Industry (Automotive, Consumer Electronics, Healthcare, Finance and Banking, Defense and Government, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
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
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the touchless sensing market analysis from 2021 to 2031 to identify the prevailing touchless sensing market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
An in-depth analysis of the touchless sensing market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global touchless sensing market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
Touchless Sanitary Equipment
Touchless Biometric Equipment
By Technology
RFID
Camera Based
Sensor
Sensor
Infrared Sensor
Capacitive Near Field Sensors
Voice assistance
By End Use Industry
Automotive
Consumer Electronics
Healthcare
Finance and Banking
Defense and Government
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Taiwan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Microsoft Corporation
Pison
Intel Corporation
QUALCOMM Incorporated
Pebbles
XYZ Interactive Technologies
Cipia Vision Ltd.
MorphoTrak, LLC
InvenSense, Inc.
Cross Match Technologies, Inc.
Somalytics, Inc.
Elliptic Laboratories
NXP Semiconductors
OMNIVISION
Microchip Technology, Inc.
Cognitec Systems GmbH
Google LLC (Alphabet)
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