Interactive Sensors Market - Segmented by Application, Product Type, and Region - Growth, Trends, and Forecast (2018 - 2023)

Interactive Sensors Market - Segmented by Application, Product Type, and Region - Growth, Trends, and Forecast (2018 - 2023)

Google ventured into interactive sensors market, with Project Soli, which is regarded as the company’s most ambitious projects till date. Google’s Advanced Technology and Projects group (ATAP) has been working on this project since 2015. Soli uses RADAR technology to track movements of fingers and, in turn, interact with various smart devices. The company has been designing a chip that can be placed in devices, like phones, gaming, cars, IoT devices, and computers. This chip has an interaction sensor that can capture motion of fingers at a rate of 10,000 frames per second. In terms of market sales, North America is expected to lead the market. Owing to Google’s focus on the US market, the alpha and beta versions of this product are likely to be initially released in the United States.

Ultra-compact Size of the Sensor

The Soli chip will be of the size 8 x 10 millimeter. The sensor and the antenna fit into this tiny package. The size of the chip enables it to fit into the tiniest of wearables and devices. Similarly, small screens are the current market trend, with customers preferring compact screens to do multiple tasks. Taking this scenario into perspective, the Soli chip can enhance the usage of small screen devices to an incredible degree.

Growth in Demand for Interactive Gaming

Casual gaming has become a thing of the past, owing to the huge developments in gaming, which has evolved through many phases and interactive gaming is the current trend. Interactive gaming offers real-time experience, where players are physically and actively involved in the game. Soli chip, which uses human hand as a universal input device for interaction, can revolutionize the gaming experience to a whole new level.

North America to be the Largest Market

North America, followed by Europe, is expected to be key market, in terms of the sales of the interactive sensors. North America and Europe, being developed nations, lead sales in the case of any new cutting-edge technology. These regions are followed by Asia-Pacific, which has the highest growth potential, owing to the growing population in the region.

Key Developments in the Market

April, 2018 - Apple is expected to release iPhones with touch-less control in two or three years. This technology is close to Google’s Project Soli and, at the same time, is a more sophisticated model of Samsung’s Air Gestures.

Reasons to Purchase this Report

  • The advancements in the interactive sensors market
  • Various perspectives of the market with the help of Porter’s five forces analysis
  • The type of service and end user expected to dominate the market
  • The regions expected to witness the fastest growth during the forecast period
  • The latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)
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1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Factors Driving the Market
4.2.1 Proliferation of IoT Devices
4.2.2 Size of the Chip is Ultra-compact
4.2.3 Increase in Demand for Interactive Gaming
4.3 Factors Restraining the Market
4.3.1 Security Concerns
4.3.2 Product in the R&D stage, yet to be Released
4.4 Industry Attractiveness – Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products or Services
4.4.5 Competitive Rivalry among Existing Competitors
5. Interactive Sensor Market Segmentation
5.1 By Application
5.1.1 Wearables
5.1.2 Smartphones
5.1.3 IoT Devices
5.1.4 Computers
5.1.5 Gaming
5.1.6 Healthcare
5.1.7 Automotive
5.1.8 Others
5.2 By Region
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 Latin America
5.2.5 Middle East & Africa
6. Competitive Intelligence – Company Profiles
7. Investment Analysis
8. Future of the Interaction Sensor Market
9. Disclaimer

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