Asia-Pacific gesture recognition & touchless sensing market to grow at double-digit CAGR: report

May 6, 2013 - 

Research and Markets has announced the addition of the Asia-Pacific Gesture Recognition & Touchless Sensing Market report, which shows that this particular market is expected to grow at a double-digit CAGR to 2018.

Based on this report, the total Asia-Pacific touchless sensing and gesture recognition market is expected to reach US$4.18 billion by 2018 at a double-digit CAGR from 2013 until 2018. In 2012, the total market value was approximately US$442.65 million.

According to the group, the report on APAC gesture recognition and touchless sensing market deals with the in-depth analysis of the technologies, applications, products, and countries of the broad markets for the period from 2013 till 2018. The touchless sensing market has covered through two broad markets, namely, touchless sanitary equipment and touchless biometrics.

Reported previously in BiometricUpdate.com, a separate market report has recently been released for the global gesture and touchless sensing market finds that the total market is expected to reach $15.02 billion by 2018, growing at a CAGR of 34.94 through to 2018.

As the technology becomes increasingly accessible for touchless sensing applications, along with the un-invasive nature of a touchless system, adoption is growing rapidly and many people are warming up to the idea that these touchless biometric technologies are used more prevalently.

According to a recent CNN/Time/Orc poll, 79% of Americans are in favor of using facial recognition at various locations and public events, and 81% support expanded camera surveillance on streets and in public places.

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About Adam Vrankulj

Adam Vrankulj is an editor for BiometricUpdate.com. His background consists of online news writing, editing and content marketing. Adam has written for CBCNews.ca, BlogTO and was the editor and curator for the nextMEDIA and CIX Source publications. He has a degree in journalism and is passionate about science, technology and social innovation. Contact Adam, or follow him at @adamvrankulj