Touchless Sensing Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Touchless Sensing Market was valued at USD 1.3 billion in 2023. By 2032, it is projected to grow at a CAGR exceeding 15%, driven by heightened awareness of hygiene, especially in sectors like healthcare, public spaces, and food services.

A prominent trend in the industry is the incorporation of AI and machine learning (ML) algorithms. These advancements boost the accuracy and responsiveness of touchless systems, enabling them to better interpret and anticipate user behaviors. AI-enhanced touchless interfaces are evolving, providing more intuitive and personalized interactions. This trend is notably pronounced in the consumer electronics realm, where AI refines voice recognition, gesture controls, and facial recognition, rendering devices smarter and more user centric.

The overall industry is divided into product, technology, end-use industry, and region.

The market, categorized by technology, includes RFID, camera-based systems, sensors, and voice assistance. Notably, the voice assistance segment is set to witness a CAGR surpassing 20% during the forecast period. Voice assistance is a swiftly expanding domain within the touchless sensing market, propelled by the rising embrace of voice-activated virtual assistants like Amazon Alexa, Google Assistant, and Apple Siri. These advanced systems utilize cutting-edge microphones and voice recognition tech, enabling users to engage with devices and services solely through voice commands, eliminating the need for physical interaction.

When segmented by end-use industry, the market encompasses automotive, consumer electronics, healthcare, BFSI, aerospace and defense, among others. The automotive segment is anticipated to dominate the global landscape, projecting revenues exceeding USD 1.5 billion by 2032. This sector's prominence in the touchless sensing arena is underscored by the industry's commitment to bolstering safety, convenience, and overall user experience. Technologies like gesture recognition and proximity sensors are being seamlessly integrated into vehicles, facilitating control over infotainment systems, adjusting settings, and even unlocking doors, all without physical touch.

In 2023, North America led the global touchless sensing market, capturing over 35% of the share. This region stands out as a pivotal player in the touchless sensing domain, driven by a robust consumer appetite for cutting-edge and convenient solutions. The U.S. emerges as a technological epicenter, witnessing widespread adoption of touchless sensing across consumer electronics, healthcare, and retail sectors. Furthermore, the region's strong infrastructure and heightened awareness of hygiene and safety have catalyzed the swift integration of touchless technologies across diverse applications.

Product Code: 11049

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increased demand for hygiene and safety
  - 3.8.1.2 Advancements in sensor technologies
  - 3.8.1.3 Growing use in automotive industry
  - 3.8.1.4 Expansion in consumer electronics
  - 3.8.1.5 Rising adoption in retail and hospitality
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 Technical limitations and integration issues
  - 3.8.2.2 Privacy and security concerns
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Product, 2021-2032 (USD Million)

5.1 Key trends
5.2 Touchless sanitary equipment
5.3 Touchless biometric equipment

Chapter 6 Market Estimates and Forecast, By Technology, 2021-2032 (USD Million)

6.1 Key trends
6.2 RFID
6.3 Camera-based
6.4 Sensor
- 6.4.1 Infrared sensor
- 6.4.2 Capacitive near field sensor
6.5 Voice assistance

Chapter 7 Market Estimates and Forecast, By End-Use Industry, 2021-2032 (USD Million)

7.1 Key trends
7.2 Automotive
7.3 Consumer electronics
7.4 Healthcare
7.5 BFSI
7.6 Aerospace and defense
7.7 Others

Chapter 8 Market Estimates and Forecast, By Region, 2021-2032 (USD Million)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 Cipia Vision Ltd.
9.2 Cognitec Systems GmbH
9.3 CogniVue Corporation
9.4 Cross Match Technologies, Inc.
9.5 Elliptic Labs Inc.
9.6 Eyesight Technologies Ltd.
9.7 Google LLC
9.8 Infineon Technologies AG
9.9 Intel Corporation
9.10 InvenSense, Inc.
9.11 Microchip Technology Inc.
9.12 Microsoft Corporation
9.13 MorphoTrak, LLC
9.14 NXP Semiconductors N.V.
9.15 OMNIVISION Technologies, Inc.
9.16 Pebbles Interfaces Ltd.
9.17 Pison Technology, Inc.
9.18 QUALCOMM Incorporated
9.19 Somalytics, Inc.
9.20 XYZ Interactive Technologies, Inc.