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.
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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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: TOUCHLESS SENSING MARKET, BY PRODUCT
4.1 Overview
4.1.1 Market size and forecast
4.2 Touchless Sanitary Equipment
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Touchless Biometric Equipment
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: TOUCHLESS SENSING MARKET, BY TECHNOLOGY
5.1 Overview
5.1.1 Market size and forecast
5.2 RFID
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Camera Based
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Voice assistance
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Sensor
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.5.4 Sensor Touchless Sensing Market by Sensor
5.5.4.1 Infrared Sensor Market size and forecast, by region
5.5.4.2 Infrared Sensor Market size and forecast, by country
5.5.4.3 Capacitive Near Field Sensors Market size and forecast, by region
5.5.4.4 Capacitive Near Field Sensors Market size and forecast, by country
CHAPTER 6: TOUCHLESS SENSING MARKET, BY END USE INDUSTRY
6.1 Overview
6.1.1 Market size and forecast
6.2 Automotive
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Consumer Electronics
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Healthcare
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Finance and Banking
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Defense and Government
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
6.7 Others
6.7.1 Key market trends, growth factors and opportunities
6.7.2 Market size and forecast, by region
6.7.3 Market analysis by country
CHAPTER 7: TOUCHLESS SENSING MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Product
7.2.3 North America Market size and forecast, by Technology
7.2.3.1 North America Sensor Touchless Sensing Market by Sensor
7.2.4 North America Market size and forecast, by End Use Industry
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Product
7.2.5.1.2 Market size and forecast, by Technology
7.2.5.1.2.1 U. S. Sensor Touchless Sensing Market by Sensor
7.2.5.1.3 Market size and forecast, by End Use Industry
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Product
7.2.5.2.2 Market size and forecast, by Technology
7.2.5.2.2.1 Canada Sensor Touchless Sensing Market by Sensor
7.2.5.2.3 Market size and forecast, by End Use Industry
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Product
7.2.5.3.2 Market size and forecast, by Technology
7.2.5.3.2.1 Mexico Sensor Touchless Sensing Market by Sensor
7.2.5.3.3 Market size and forecast, by End Use Industry
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Product
7.3.3 Europe Market size and forecast, by Technology
7.3.3.1 Europe Sensor Touchless Sensing Market by Sensor
7.3.4 Europe Market size and forecast, by End Use Industry
7.3.5 Europe Market size and forecast, by country
7.3.5.1 UK
7.3.5.1.1 Market size and forecast, by Product
7.3.5.1.2 Market size and forecast, by Technology
7.3.5.1.2.1 UK Sensor Touchless Sensing Market by Sensor
7.3.5.1.3 Market size and forecast, by End Use Industry
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Product
7.3.5.2.2 Market size and forecast, by Technology
7.3.5.2.2.1 Germany Sensor Touchless Sensing Market by Sensor
7.3.5.2.3 Market size and forecast, by End Use Industry
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Product
7.3.5.3.2 Market size and forecast, by Technology
7.3.5.3.2.1 France Sensor Touchless Sensing Market by Sensor
7.3.5.3.3 Market size and forecast, by End Use Industry
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Product
7.3.5.4.2 Market size and forecast, by Technology
7.3.5.4.2.1 Italy Sensor Touchless Sensing Market by Sensor
7.3.5.4.3 Market size and forecast, by End Use Industry
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Product
7.3.5.5.2 Market size and forecast, by Technology
7.3.5.5.2.1 Spain Sensor Touchless Sensing Market by Sensor
7.3.5.5.3 Market size and forecast, by End Use Industry
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Product
7.3.5.6.2 Market size and forecast, by Technology
7.3.5.6.2.1 Rest of Europe Sensor Touchless Sensing Market by Sensor
7.3.5.6.3 Market size and forecast, by End Use Industry
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Product
7.4.3 Asia-Pacific Market size and forecast, by Technology
7.4.3.1 Asia-Pacific Sensor Touchless Sensing Market by Sensor
7.4.4 Asia-Pacific Market size and forecast, by End Use Industry
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 Japan
7.4.5.1.1 Market size and forecast, by Product
7.4.5.1.2 Market size and forecast, by Technology
7.4.5.1.2.1 Japan Sensor Touchless Sensing Market by Sensor
7.4.5.1.3 Market size and forecast, by End Use Industry
7.4.5.2 China
7.4.5.2.1 Market size and forecast, by Product
7.4.5.2.2 Market size and forecast, by Technology
7.4.5.2.2.1 China Sensor Touchless Sensing Market by Sensor
7.4.5.2.3 Market size and forecast, by End Use Industry
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Product
7.4.5.3.2 Market size and forecast, by Technology
7.4.5.3.2.1 India Sensor Touchless Sensing Market by Sensor
7.4.5.3.3 Market size and forecast, by End Use Industry
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Product
7.4.5.4.2 Market size and forecast, by Technology
7.4.5.4.2.1 South Korea Sensor Touchless Sensing Market by Sensor
7.4.5.4.3 Market size and forecast, by End Use Industry
7.4.5.5 Taiwan
7.4.5.5.1 Market size and forecast, by Product
7.4.5.5.2 Market size and forecast, by Technology
7.4.5.5.2.1 Taiwan Sensor Touchless Sensing Market by Sensor
7.4.5.5.3 Market size and forecast, by End Use Industry
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Product
7.4.5.6.2 Market size and forecast, by Technology
7.4.5.6.2.1 Rest of Asia-Pacific Sensor Touchless Sensing Market by Sensor
7.4.5.6.3 Market size and forecast, by End Use Industry
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Product
7.5.3 LAMEA Market size and forecast, by Technology
7.5.3.1 LAMEA Sensor Touchless Sensing Market by Sensor
7.5.4 LAMEA Market size and forecast, by End Use Industry
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Product
7.5.5.1.2 Market size and forecast, by Technology
7.5.5.1.2.1 Latin America Sensor Touchless Sensing Market by Sensor
7.5.5.1.3 Market size and forecast, by End Use Industry
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Product
7.5.5.2.2 Market size and forecast, by Technology
7.5.5.2.2.1 Middle East Sensor Touchless Sensing Market by Sensor
7.5.5.2.3 Market size and forecast, by End Use Industry
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Product
7.5.5.3.2 Market size and forecast, by Technology
7.5.5.3.2.1 Africa Sensor Touchless Sensing Market by Sensor
7.5.5.3.3 Market size and forecast, by End Use Industry
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Microsoft Corporation
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Pison
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Intel Corporation
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 QUALCOMM Incorporated
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Pebbles
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 XYZ Interactive Technologies
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Cipia Vision Ltd.
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 MorphoTrak, LLC
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 InvenSense, Inc.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Google LLC (Alphabet)
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Cross Match Technologies, Inc.
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 Somalytics, Inc.
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Microchip Technology, Inc.
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 Elliptic Laboratories
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 Cognitec Systems GmbH
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
9.16 NXP Semiconductors
9.16.1 Company overview
9.16.2 Company snapshot
9.16.3 Operating business segments
9.16.4 Product portfolio
9.16.5 Business performance
9.16.6 Key strategic moves and developments
9.17 OMNIVISION
9.17.1 Company overview
9.17.2 Company snapshot
9.17.3 Operating business segments
9.17.4 Product portfolio
9.17.5 Business performance
9.17.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Touchless Sensing Market,' the touchless sensing market was valued at $9.4 billion in 2021, and is estimated to reach $46.5 billion by 2031, growing at a CAGR of 17.5% from 2022 to 2031.Touchless sensing technology can be defined as any device that a user can use or operate without physical contact. This technology enables computer systems to receive instructions through voice recognition, user behavior, gesture recognition, or physical movement. The systems process and interpret this touchless interaction and take the desired action for the user.
The market for these technologies is being driven by the rise in the need for natural user interfaces (NUI). Using gestures and voice instructions rather than more conventional input devices like keyboards and mice, NUI enables users to connect with devices in a more natural and intuitive way for consumer electronics products like smartphones, tablets, and gaming consoles. The increase in the adoption of touchless sensing in automotive applications such as infotainment systems, navigation systems, and driver assistance systems is driving market growth. However, the high cost of technology is the major restraint for the market during the forecast period. On the contrary, an increase in the use of IoT-enabled biometric products for security purposes witness a growth opportunity during the forecast period.
According to the touchless sensing market analysis, the touchless biometric equipment segment was the highest contributor to the market in 2021, whereas the RFID and sensor segments collectively accounted for around 76.0% touchless sensing market share in 2021. The surge in demand for expanding opportunities in the security and surveillance sector has led to the growth of the touchless sensing market trends during the forecast period.
Since a sizable portion of consumer spending is arbitrary, the implementation of lockdowns and social isolation measures has had a significant negative impact on the manufacturing sector. Consequently, it is being put off or canceled because of social isolation and quarantine. Some businesses were forced to fully halt their manufacturing processes, which caused supply networks to be interrupted. D during the first wave of COVID-19 in the first part of 2020, major automakers including Volkswagen, Ford, and General Motors shut down all their production facilities worldwide. In addition, the second wave in 2021 led to a number of partial lockdowns and hampered the touchless sensing market size. The touchless sensing industry is anticipated to increase at a faster rate in the third and fourth quarters of 2021 as fewer COVID-19 infections are anticipated as a result of widespread vaccination campaigns. These elements are anticipated to have a substantial impact on the development of touchless sensing market growth, together with the probable third wave of COVID-19.
The key players profiled in the report 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. Market players have adopted various strategies such as product launch, collaboration, partnership, joint venture, and acquisition to expand their foothold in the global touchless sensing market.
Companies Mentioned
- 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)
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 260 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 9.42 million |
| Forecasted Market Value ( USD | $ 46.49 million |
| Compound Annual Growth Rate | 17.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
