March 4, 2014 -
The total market for gesture recognition and touch-less sensing is expected to reach $22.04 billion by 2020 at a 30.91% CAGR until 2020.
This, according to newly-published research in the MarketsandMarkets catalogue.
According to the 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,” this newly-projected market growth comes as an increase to the market’s 2012 valuation of $2.2 billion.
Also from the report, APAC is found to be the fastest growing region for the touchless biometric market, followed by the EMEA region; government applications will dominate the market for facial recognition; 2D camera technology is expected to dominate the smartphone market for the next seven years; and the automotive application for gesture recognition is expected to be commercialized by 2015.
According to MarketsandMarkets, the report (now available) looks at drivers, restraints and opportunities in the market and lists the key players. It also focuses on the in-depth segmentation of these markets by the different technologies, products and applications.