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Thursday, June 23, 2011
MarketsandMarkets: Global Touchless Sensing Market to be Worth $3656.8 Million and Global Gesture Recognition Market Worth $625 Million by 2015
According to a new market research report, “Global Touchless Sensing and Gesture Recognition Market (2010 – 2015)”, published by MarketsandMarkets (www.marketsandmarkets.com), the total touchless sensing market is expected to reach $3656.8 million by 2015 at a CAGR of 27.6% and the gesture recognition market is expected to reach $625 million by 2015 at a CAGR of 25.6%
The touchless sensing market has gained momentum since a year and is increasing rapidly. The touchless sensing market is expected to reach $3656.8 million by the end of 2015. The companies are realizing the potential of this market and answering the customer needs regarding better hygienic factors. The touchless biometrics market is also on the rise. The crime rates are increasing and the general public needs some sort of security which is foolproof. These biometric systems are more accurate than the touch-based biometric systems since they are independent of touch. The touchless fingerprint recognition system can take in a picture of a fingerprint even if the finger has a cut on it or in case of iris recognition and face recognition, the features of the iris or the face do not change over the years.
The gesture recognition market was commercialized in the third quarter of 2010 with the launch of the Microsoft XBOX Kinect (hardware). The gesture recognition market is expected to reach $625 million in 2015 from $200 million in 2010 at an expected CAGR of 25.6% from 2010 to 2015. Gesture recognition has its applications in several sectors ranging from entertainment, consumer electronics, and transportation to healthcare. The market acceptance of this industry is very low since this is a new technology and the users are not aware of the technology as yet. However, this market is estimated to grow in the next seven to eight years.
Scope of the report
This report analyzes the global touchless sensing markets based on:
Touchless sanitary equipment
Touchless soap dispensers
Touchless towel dispensers
Touchless flush meters
Touchless biometrics market
Touchless fingerprint recognition
This report analyzes the global gesture recognition markets based on:
In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analyses of the touchless sensing and gesture recognition in North America, Europe, Asia-Pacific and ROW. The report draws the competitive landscape of the touchless sensing and gesture recognition market, providing an in-depth comparative analysis of the technological and marketing strategies the key players are adopting in order to gain an edge over the their competitors.
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