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Gesture Recognition and Touch-Less Sensing market worth $22.04 billion by 2020
Hygiene concerns and growth in demand of contact free authentication has boosted the Touch-less Sensing market. In the overall touch-less sensing market, the government application will be the highest revenue generator and lead the market from the demand side.
The Americas lead the touch-less sensing market for both sanitary equipment and touch-less biometric products; Europe follows closely behind.
That's according to a new report 'Gesture Recognition & Touch-Less Sensing Market by Technology (2D, 3D, Ultrasonic, IR, Capacitive), Product (Biometric, Sanitary Equipment), Application (Healthcare, Consumer Electronics, Automotive), Geography (Americas, EMEA & APAC) - Global Forecasts and Analysis to 2013 - 2020', by MarketsandMarkets, the total Gesture Recognition & Touch-less Sensing market is expected to reach $22.04 Billion by 2020, growing at a Compound Annual Growth Rate of 30.91% from 2013 to 2020.
The report writers say that the concept of gesture recognition came into major attention with the launch of Microsoft's Kinect in 2010 and that the new and enhanced user experience offered by various technologies has gathered interest from a number of OEMs across many applications. This has resulted in the launch of products ranging from smart TVs to smartphones that integrate with gesture recognition technologies.
The report's detailed segmentation by technology, by applications, and by geography covers all the existing and emerging technologies in the touch-less sensing and Gesture Recognition market. The major technologies that have been extensively covered in the report are the 2D camera based, infrared sensor arrays, capacitive/electric near field, ultrasonic and 3D technologies including stereoscopic, structured lighting, and 3D time-of-flight.
The touch-less sensing market statistics are given by products, application and geography. The broad markets of touch-less sanitary equipment and touch-less biometrics have been segmented by the various products. These include: Faucets, Soap Dispenser, Trash-Can, Paper Towel, Flushes, and Hand Dryer for sanitary equipment and Fingerprint, Iris Recognition, Face Recognition, and Voice Recognition for touch-less biometrics.
The application segmentation of the market covers all the major applications such as consumer electronics, healthcare, retail, automobile and others (automation and home appliances) in detail.
One of the objectives of the research study was to analyse the market trends for each of the gesture recognition technologies and touch-less sensing products, the growth rates of the various technologies and the gesture recognition enabled consumer electronic devices.
Apart from market segmentation, the report also includes qualitative analysis like the Porter's five force analysis, value chain with detailed process flow diagrams, and market dynamics such as drivers, restraints, and opportunities for the overall touch-less sensing and gesture recognition market.
12th June 2014