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Touchless Sensing Market Share

  • Report ID: GMI11049
  • Published Date: Aug 2024
  • Report Format: PDF

Touchless Sensing Market Share

Microchip Technology Inc. and Infineon Technologies AG hold a significant share of the touchless sensing industry. Microchip Technology Inc. emerged as a key player due to its extensive portfolio of microcontroller and mixed-signal products, which are crucial for implementing touchless sensing technologies. The company's expertise in low-power microcontrollers and analog solutions enables the development of highly responsive and energy-efficient touchless sensors, which are essential in applications such as gesture recognition, proximity sensing, and contactless user interfaces.
 

Additionally, Microchip's global presence and strong customer support infrastructure allow it to cater to a wide range of industries, from consumer electronics to automotive, further solidifying its position in the market.
 

Infineon Technologies AG is a key player in the touchless sensing market, primarily due to its advanced semiconductor solutions and strong focus on innovation in sensor technologies. Infineon offers a range of products, including radar sensors and 3D Time-of-Flight (ToF) sensors, which are integral to the development of accurate and reliable touchless sensing systems.
 

The company's ability to integrate these sensors with its microcontrollers and power management solutions allows for the creation of highly efficient and compact touchless systems. Infineon's strong partnerships with major OEMs and its commitment to Research and Development (R&D) also contribute to its leadership in this rapidly growing market.
 

Touchless Sensing Market Companies

Major players operating in the touchless sensing industry are:

  • Microchip Technology Inc.
  • Infineon Technologies AG
  • Cognitec Systems GmbH
  • Cipia Vision Ltd.
  • Microsoft Corporation
  • Google LLC (Alphabet)
  • Intel Corporation
     
Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of touchless sensing reached USD 1.3 billion in 2023 and is set to register over 15% CAGR from 2024-2032, due to rising awareness regarding hygiene, particularly in healthcare, public spaces, and food services worldwide.

The voice assistance segment is expected to register over 20% CAGR from 2024-2032, owing to increasing adoption of voice-activated virtual assistants such as Amazon Alexa, Google Assistant, and Apple Siri.

North America market held over 35% share in 2023, attributed to high consumer demand for innovative and convenient solutions in the region.

Microchip Technology Inc., Infineon Technologies AG, Cognitec Systems GmbH, Cipia Vision Ltd., Microsoft Corporation, Google LLC (Alphabet), and Intel Corporation, are some of the major touchless sensing companies in Europe.

Touchless Sensing Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 218
  • Countries covered: 21
  • Pages: 210
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