Global interaction sensor market is expected to grow from USD 11.66 billion in 2017 to USD 44.75 billion by 2023, at a compound annual growth rate (CAGR) of 25.13% during the forecast period

Interaction Sensor Market - Key players

The prominent players in the interaction sensor market are Google Inc. (US), Analog Devices, Inc. (US), Omron Corporation (Japan), NXP Semiconductors N.V. (Netherlands), Infineon Technologies (US), ABB Ltd. (Switzerland), Texas Instruments Inc. (US), TDK Corporation (US), STMicroelectronics N.V. (Switzerland), Robert Bosch GmbH (Germany), Atmel Corporation (US) among others.

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Interaction Sensor Market - Highlights

Interaction sensors are devices that capture specific information from a particular networked device and provide feedback with the information that is gathered and also enables interaction with connected devices. Growing demand for 3D sensing is expected to boost the growth of this market in coming years. Increased application of interaction sensors in gaming, healthcare, automation, consumer electronics, automotive among others has augmented interaction sensors market growth. Presence of well-established and emerging players providing interaction sensor in North America followed by Europe is enhancing the growth of interaction sensor market in this region. Moreover, Asia-Pacific is expected to find good growth opportunity in this market owing to increasing use of interaction sensors in vehicles and consumer appliances.

Increasing demand for interactive gaming is one of the major factors enhancing the growth of interaction sensors market. Previously, human interaction in games was restricted to pushbuttons on a controller. However, with emergence of advance technologies and use of various sensors such as interaction sensors, proximity sensors, touch sensors among others, the gaming space is no longer constrained, resulting in increased interaction between the user and the game. Additionally, interactive sensors offer real time experience, thereby allowing physical and active involvement of players in the game. Moreover, interaction sensors enable handling and managing wide range of devices such as personal navigation device, computers, laptops and mobile handsets through gestures or touch as input, delivering a high degree of convenience to the user. Additionally, increasing safety and security concerns in automotive industry is driving the growth of this market. Also, proliferation of interactive sensors along with motion sensors in autonomous vehicle, smart homes and interactive television is expected to have direct impact on the dynamics of the industry

Interaction Sensor Market - Segmentation

Interaction sensor market is segmented on the basis of technology and industry vertical and region.
Based on the technology, the market is segmented into RFID, camera-based, voice recognition and others.
On the basis of industry vertical, the market is segmented into consumer electronics, entertainment, healthcare, automotive, aerospace & defense and others.
By region, the market is segmented into North America, Europe, Asia-Pacific and the rest of the world.

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Interaction Sensor Market - Regional analysis

The global market for interaction sensor is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of interaction sensor market is done for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expontionally expanding at high growth rate owing to its continuous focus on adopting advance technologies. Also, growing security concerns for both physical and cyber access is enhancing the growth of this market. Asia-Pacific is expected to be the fastest growing region during the forecast period owing to increasing domestic automotive demand in the emerging markets of countries such as India and China, thereby increasing the demand for interaction sensor market.

North America followed by Europe is expected to dominate the market due high demand for advanced feature consumer electronics, luxury vehicles, advanced healthcare facilities, and voice-controlled equipment, especially, in the countries such as US, Canada, Germany and France. Asia-Pacific is expected to show highest growth rate over the forecast period owing to an increase in demand of smartphone, tablets, wearable devices, and growth in industrial automation and robotics. Furthermore, Latin America and Middle East and Africa is expected to show considerable growth in interaction sensor market during the forecast period.

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