October 15, 2013 (www.investorideas.com newswire) New Report by MarketsandMarkets - According to a new market research report "Gesture Recognition & Touchless Sensing Market (2013 - 2018): By Technology (RFID, IR, Capacitive); Product (Biometric, Gaming, Smartphone); Application (Healthcare, Consumer Electronics, Automotive); Geography (Americas, EMEA, & APAC)", the total touchless sensing and gesture recognition market is expected to reach $15.02 billion by 2018 growing at a CAGR of 34.94% from 2013 to 2018.
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Hygiene concerns and growth in demand of contact free authentication has boosted the Touchless Sensing market. In overall touchless sensing market, government application will be the highest revenue generator and lead the market from the demand side. Americas ' lead the touchless sensing market for both sanitary equipment and touchless biometric products; Europe follows shortly.
The concept of gesture recognition has come into major attention with the launch of Microsoft's Kinect in 2010. 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 are integrated 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 touchless 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 touchless sensing market statistics are given by products, application and geography. The broad markets of touchless sanitary equipment and touchless 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 touchless biometrics.
The application segmentation of the market covers all the major applications like consumer electronics, healthcare, retail, automobile and others (automation and home appliances) in detail.
One of the objectives of the research study was to analyze 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, report also includes qualitative analysis like the Porters five force analysis, value chain with detailed process flow diagram, and market dynamics such as drivers, restraints, and opportunities for the overall touchless sensing and gesture recognition market.
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