Gesture recognition and touchless sensing market to reach $23.55B by 2020: report

June 5, 2015 - 

MarketsandMarkets has published a new report entitled “Gesture Recognition & Touchless Sensing Market by Technology (Touch-based & Touchless), Application (Consumer Electronics, Automotive, & Others), Product (Biometric & Sanitary Equipment), & by Geography – Global Forecast to 2020“.

The 210-page report forecasts that the gesture recognition and touchless sensing market will see a CAGR of 28.23% over the next five years to reach $23.55 billion by 2020.

The report offers a detailed segmentation of the gesture recognition and touchless sensing market by product, technology, industry vertical, application, and geography, covering all existing and emerging technologies in the market. Additionally, the report provides qualitative and quantitative industry insights.

One of the objectives of the report has been to analyze market trends for each of the gesture recognition & touchless sensing market segments and their respective growth rates.

The report also provides in-depth analyses including the Porter’s five forces analysis; the value chain analysis with a detailed process flow diagram; and market dynamics including major drivers, restraints, opportunities and challenges for the gesture recognition and touchless sensing market.

The report segments the global market into four main geographic regions, including the Americas, Europe, Asia-Pacific, and rest of the world.

The APAC region is estimated to account for a major share in the gesture recognition market during the forecast period, while the Americas is expected to take up the largest share of the touchless sensing market, followed by Europe and Asia-Pacific.

Overall, the Asia-Pacific market for gesture recognition and touchless sensing is expected to grow at the highest rate.

The report also highlights some of the major players of the gesture recognition and touchless sensing market, including Intel Corp., Microsoft Corp., Cognitec Systems, GestureTek, CogniVue, eyeSight, Omek, PointGrab, SoftKinetic, PrimeSense, Cross Match Technologies, Inc., Microchip Technology Inc., and Qualcomm Inc.

Previously reported, the National Security Agency recently tested the use of Lockheed Martin’s new smartphone-swipe recognition technology, which verifies a user’s identity based on the swiftness and shape of their finger strokes on a touch screen.

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About Justin Lee

Justin Lee has been a contributor with Biometric Update since 2014. Previously, he was a staff writer for web hosting magazine and website, theWHIR. For more than a decade, Justin has written for various publications on issues relating to technology, arts and culture, and entertainment. Follow him on Twitter @BiometricJustin.