Americas Gesture Recognition and Touchless Sensing Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0212155
  • Format: Electronic (PDF)
  • Number of Pages: 223
  • Author(s): Joshi, Madhavi

Report Overview

The Americas Gesture Recognition and Touchless Sensing Market size was estimated at USD 3.8 billion in 2023 and is projected to reach USD 8.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.50% during the forecast period (2024-2030).

Americas Gesture Recognition and Touchless Sensing Market

(Market Size)
$3.8 billion
$8.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 12.50%
2023 Market Size USD 3.8 billion
2030 Market Size USD 8.5 billion
Key Players Microsoft, Google, Apple, Intel, Qualcomm

Market Summary

The Americas gesture recognition and touchless sensing market represents a rapidly advancing segment within the semiconductor and electronics industry, driven by increasing demand for intuitive and hygienic human-machine interfaces. This technology enables devices to interpret human gestures and motions without physical contact, utilizing various sensors, cameras, and algorithms. The market spans North America and Latin America, with significant adoption across consumer electronics, automotive, healthcare, and industrial applications. The push for enhanced user experiences, coupled with the need for contamination-free interactions in public and medical settings, has accelerated the integration of these systems. Key players are continuously innovating to improve accuracy, reduce latency, and expand functionality, making gesture recognition and touchless sensing integral to next-generation smart devices and automated systems. The market is characterized by a high degree of technological evolution and competitive intensity, with numerous companies vying for market share through advanced product offerings and strategic partnerships.

Key Highlights

The Americas gesture recognition and touchless sensing market is distinguished by several key highlights that underscore its growth and significance. Technological advancements in artificial intelligence and machine learning have greatly enhanced the precision and reliability of gesture interpretation, enabling more complex and natural interactions. The adoption of 3D vision systems and infrared sensors has further improved performance in varied lighting conditions and environments. Major technology firms and automotive manufacturers are heavily investing in integrating these solutions into their products, from smartphones and gaming consoles to vehicle infotainment systems and advanced driver-assistance systems. The COVID-19 pandemic acted as a significant catalyst, heightening awareness and demand for touchless interfaces to minimize pathogen transmission. Additionally, regulatory support and increasing consumer preference for seamless, hands-free operations are propelling market expansion. The convergence of IoT and gesture control in smart home devices and industrial automation represents another critical highlight, pointing towards a future where touchless interaction becomes ubiquitous.

Drivers, Opportunities & Restraints

Several drivers are fueling the growth of the gesture recognition and touchless sensing market in the Americas. The foremost driver is the rising consumer demand for convenient and immersive user experiences in electronic devices, such as smartphones, tablets, and smart TVs. The automotive sector is another significant driver, with gesture control being incorporated into vehicles for functions like adjusting volume, answering calls, and navigating menus, thereby enhancing safety and reducing driver distraction. The healthcare industry's need for sterile, touchless interfaces in medical equipment and public spaces has also accelerated adoption. Opportunities abound in the expansion into new application areas such as retail, where touchless kiosks and virtual try-ons can enhance customer engagement, and in industrial settings for controlling machinery and robots hands-free. However, the market faces restraints including high development and implementation costs, which can be prohibitive for smaller enterprises. Technical challenges related to accuracy in diverse environmental conditions and concerns over privacy and data security also pose hurdles. Despite these restraints, ongoing R&D and declining sensor costs are expected to mitigate these issues over time.

Concentration Insights

The competitive landscape of the Americas gesture recognition and touchless sensing market is relatively concentrated, with a mix of established semiconductor giants, specialized technology firms, and innovative startups dominating the scene. Companies such as Microsoft, Intel, and Qualcomm are key players, leveraging their extensive resources and expertise in sensors and processors to develop advanced solutions. There is also significant activity from firms like Ultraleap, formerly known as Leap Motion, which focus specifically on hand tracking and haptic feedback technologies. The market concentration is higher in North America, particularly in the United States, due to the presence of leading tech companies and high R&D investment. In Latin America, the market is more nascent but growing, with increasing interest from local electronics manufacturers and automotive assemblers. Partnerships and acquisitions are common strategies to enhance technological capabilities and expand market reach. This concentration fosters a highly innovative environment but also raises barriers to entry for new players due to the need for substantial investment in research and intellectual property.

Type Insights

Gesture recognition and touchless sensing technologies in the Americas market can be broadly categorized into touchless sanitary equipment, touchless biometrics, and others, based on the type of sensing and application. Touchless sanitary equipment includes automatic faucets, soap dispensers, hand dryers, and flushes that use infrared or ultrasonic sensors to detect presence and motion, promoting hygiene in public and commercial restrooms. Touchless biometrics encompass systems like facial recognition, iris scanning, and gesture-based authentication used for security access in smartphones, buildings, and immigration control, offering enhanced security and convenience. Other types involve gesture control interfaces in consumer electronics, gaming, automotive dashboards, and industrial panels, where cameras and sensors interpret hand and body movements. Each type leverages different technologies; for instance, vision-based systems using cameras are common for complex gestures, while proximity sensors are typical for simple on/off functions. The choice of technology depends on factors such as required accuracy, environmental conditions, cost, and power consumption, with ongoing innovations aimed at improving responsiveness and reducing errors.

Application Insights

The application of gesture recognition and touchless sensing technologies in the Americas is diverse and expanding across multiple industries. In the consumer electronics sector, these technologies are integral to devices like smartphones, tablets, smart TVs, and gaming consoles, allowing users to interact through swipes, pinches, and other gestures without touching the screen. The automotive industry utilizes gesture control for infotainment systems, climate control, and other dashboard functions, enhancing driver safety by minimizing physical distraction. Healthcare applications include touchless interfaces for medical equipment, operating rooms, and patient monitoring systems to maintain sterility and prevent cross-contamination. In the industrial realm, gesture recognition is used for operating machinery, robotics, and assembly lines, improving efficiency and worker safety. Retail environments deploy touchless kiosks, virtual mirrors, and gesture-based advertising displays to create engaging customer experiences. Additionally, smart home systems incorporate gesture control for lighting, entertainment, and security systems. Each application demands specific performance characteristics, driving continuous innovation in sensor accuracy, processing speed, and adaptive algorithms.

Regional Insights

The Americas gesture recognition and touchless sensing market exhibits distinct regional characteristics, with North America, particularly the United States, leading in terms of adoption and innovation. The U.S. benefits from a strong technological infrastructure, presence of major tech companies, high consumer awareness, and substantial investment in R&D. Canada also shows significant growth, supported by a robust electronics and automotive sector. In Latin America, countries like Brazil and Mexico are emerging markets, driven by increasing urbanization, growing middle-class population, and rising adoption of smart devices and automotive technologies. The region's market growth is further supported by government initiatives promoting digitalization and smart city projects. However, economic volatility and infrastructure challenges in some Latin American countries can slow down adoption compared to North America. Overall, the regional dynamics are influenced by factors such as technological readiness, industrial base, consumer preferences, and regulatory frameworks, with North America expected to maintain its leadership while Latin America presents lucrative opportunities for future expansion.

Company Insights

Several prominent companies are shaping the Americas gesture recognition and touchless sensing market through innovation and strategic initiatives. Microsoft Corporation is a key player with its Kinect sensor technology, widely used in gaming and now adapted for various commercial applications. Intel Corporation offers RealSense depth sensing cameras that enable gesture recognition in devices ranging from PCs to robots. Qualcomm Incorporated integrates advanced sensing capabilities into its mobile platforms, empowering smartphones with gesture control features. Apple Inc. incorporates facial recognition and gesture interfaces in its products like iPhones and iPads. Google LLC utilizes gesture technology in projects such as Soli radar for touchless control in Pixel devices. Specialized firms like Ultraleap focus on hand tracking and haptic feedback solutions for VR and other applications. Other significant participants include Cognitec Systems, specializing in face recognition, and Omron Corporation, providing sensing components for automotive and industrial use. These companies invest heavily in R&D to enhance accuracy, reduce size and cost, and explore new use cases, maintaining a competitive edge through patents and collaborations.

Recent Developments

The Americas gesture recognition and touchless sensing market has witnessed several recent developments that highlight its dynamic nature. There has been a surge in the integration of AI and machine learning algorithms to improve gesture prediction and reduce false triggers, making systems more reliable and responsive. Companies are increasingly focusing on miniaturizing sensors to fit into compact devices like wearables and IoT gadgets. The automotive sector has seen new partnerships between sensor manufacturers and carmakers to embed gesture control in next-generation vehicles for enhanced user interface and safety. In healthcare, the post-pandemic era has accelerated the deployment of touchless diagnostic equipment and patient interaction systems to uphold hygiene standards. Additionally, advancements in radar-based sensing, such as frequency-modulated continuous wave radar, are gaining traction for their ability to work accurately in various environmental conditions without privacy concerns associated with cameras. Startups are emerging with innovative solutions, often attracting venture capital funding, while established players are acquiring smaller firms to bolster their technology portfolios and market presence.

Report Segmentation

The market report on gesture recognition and touchless sensing in the Americas is segmented to provide detailed insights into various aspects of the industry. The segmentation typically includes by type, such as touchless sanitary equipment, touchless biometrics, and other gesture recognition systems. It is further divided by technology, covering touchless sensors including infrared, capacitive, ultrasonic, and vision-based systems among others. Application-wise segmentation encompasses consumer electronics, automotive, healthcare, industrial, retail, and others, reflecting the diverse usage across sectors. Geographically, the report breaks down the market into North America and Latin America, with further country-level analysis for the United States, Canada, Brazil, Mexico, and rest of Latin America. This structured approach allows stakeholders to understand specific market dynamics, growth patterns, and opportunities within each segment. The segmentation aids in identifying target audiences, benchmarking performance, and formulating strategic decisions based on granular data and trends.

FAQs

What is gesture recognition and touchless sensing? Gesture recognition and touchless sensing refer to technologies that allow devices to detect and interpret human gestures or motions without physical contact, using sensors, cameras, or other detection methods to enable hands-free operation.

How does gesture recognition technology work? Gesture recognition technology typically works by using cameras, infrared sensors, or radar to capture motion data, which is then processed by algorithms to identify specific gestures and trigger corresponding commands in the device.

What are the applications of gesture control in automotive? In the automotive industry, gesture control is used for operating infotainment systems, adjusting climate settings, answering calls, and controlling navigation, thereby reducing driver distraction and enhancing safety.

Why is touchless sensing important in healthcare? Touchless sensing is crucial in healthcare to maintain sterility, prevent the spread of infections, and allow healthcare professionals to operate equipment without physical contact, which is especially vital in surgical and diagnostic environments.

Which companies are leaders in gesture recognition technology? Leaders in gesture recognition technology include companies like Microsoft, Intel, Qualcomm, Apple, Google, and specialized firms such as Ultraleap, which develop advanced sensing solutions for various industries.

What are the challenges facing the gesture recognition market? Challenges include high implementation costs, technical issues related to accuracy in different lighting and environmental conditions, privacy concerns, and the need for continuous innovation to keep pace with user expectations.

The Global Americas Gesture Recognition & Touchless Sensing Market size was valued at $XX billion in 2023, and is anticipated to reach $XX billion by 2030, growing at a CAGR of XX% during the forecast period. Citius Research has developed a research report titled “Americas Gesture Recognition & Touchless Sensing Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Americas Gesture Recognition and Touchless Sensing Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Americas Gesture Recognition & Touchless Sensing Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Americas Gesture Recognition and Touchless Sensing Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Americas Gesture Recognition and Touchless Sensing Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Americas Gesture Recognition & Touchless Sensing Market
• Research Methodology
• Executive Summary
• Market Dynamics of Americas Gesture Recognition & Touchless Sensing Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Americas Gesture Recognition & Touchless Sensing Market
• Cost and Gross Margin Analysis of Americas Gesture Recognition & Touchless Sensing Market
• Americas Gesture Recognition & Touchless Sensing Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Americas Gesture Recognition & Touchless Sensing Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Americas Gesture Recognition and Touchless Sensing Market Key Stakeholders

Below are the key stakeholders for the Americas Gesture Recognition & Touchless Sensing Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Americas Gesture Recognition & Touchless Sensing Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Americas Gesture Recognition & Touchless Sensing Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Americas Gesture Recognition & Touchless Sensing Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Americas Gesture Recognition & Touchless Sensing Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Americas Gesture Recognition & Touchless Sensing Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Americas Gesture Recognition and Touchless Sensing Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Americas Gesture Recognition and Touchless Sensing Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Americas Gesture Recognition and Touchless Sensing Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Americas Gesture Recognition and Touchless Sensing Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Americas Gesture Recognition and Touchless Sensing Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Americas Gesture Recognition and Touchless Sensing Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Americas Gesture Recognition and Touchless Sensing Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Americas Gesture Recognition and Touchless Sensing Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Americas Gesture Recognition and Touchless Sensing Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Americas Gesture Recognition and Touchless Sensing Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Americas Gesture Recognition and Touchless Sensing Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Americas Gesture Recognition and Touchless Sensing Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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