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(Wireless-NewsWire.Com, September 19, 2018 ) The Global Gesture Recognition and Touchless Sensing Market was valued at USD 5.42 Billion in 2017 and is projected to reach USD 24.1 Billion by 2025, growing at a CAGR of 23.5% from 2018 to 2025.
Gesture recognition and touchless sensing are technologies that are increasingly coming into play in the market for several industries, especially the automotive and consumer technology industries. Gesture recognition and touchless sensing involve a combination of both language technology as well as computer science in order to interpret face or hand gestures. These gestures are then converted to commands and therefore an individual using gesture technology should essentially be able to execute commands based on their facial or hand movements.
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The gesture recognition and touchless sensing market are driven by factors such as the increasing customer demand for devices with the implementation of gesture recognition or touchless sensing as well as the ease of implementation of the service into the upcoming technologies. Factors such as the cost of the service as well as the lack of awareness of these technologies are restraining the market for the gesture recognition and touchless sensing market.
The “Global Gesture Recognition and Touchless Sensing Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such Microchip Technology, Inc., Google, Inc., Pmdtechnologies AG, Sony Corporation, Intel Corporation, Omnivision Technologies, Inc., Apple, Inc., Eyesight Technologies Ltd., Cognitec Systems GmbH, Elliptic Labs, Microsoft Corporation, Crossmatch, Qualcomm Technologies, Inc., Pointgrab and Infineon Technologies AG. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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