Biometrics research briefs: touchless sensing and gesture, security screening and image recognition
Touchless biometrics will be among major drivers pushing the touchless sensing market to grow from $6.8 billion this year to $15.3 billion in 2025, a 17.4 percent CAGR, and the global market for gesture recognition will grow by a spectacular 27 percent CAGR from $9.8 billion in 2020 to $32.3 billion in 2025, according to new research available from MarketsandMarkets.
According to the “Gesture Recognition and Touchless Sensing Market…” report, growth in the gesture market will be driven by connected cars, and growing digitization in various industries, the low technical complexity of the technology and advanced user experience. Gesture-enabled devices consume a lot of power, however, which is a market restraint, and complexity for manufacturers is a significant challenge. For touchless sensing, demand for touchless technology in smartphones, along with touchless biometric solutions with upgraded tracking and controlling capabilities will create market opportunities. High costs and user resistance could restrain the market, however.
Touchless biometrics will make up the biggest portion of the touchless sensing market, and consumer electronics will make up the largest share in gesture recognition.
The report also breaks down the markets for each technology by region, and identifies major players.
Facial recognition, AI, eID and big data are transforming the global market for people security screening, according to a new three-volume report.
The “People security screening market & technologies – 2020-2025” report, which is a whopping 1057 pages from Homeland Security Research Corporation, predicts the traditionally largest markets in North America and Europe will see only single digit CAGR in the forecast period, while the Asia-Pacific and Middle East regional markets will see double-digit CAGR. The Chinese and U.S. markets will ultimately still dominate, making up 40 percent of the global total.
The report also examines the market by vertical, technology, and revenue source. The technologies section includes an examination of facial recognition, and another of biometrics and eID document authentication.
The global image recognition market is set to grow at a CAGR of 18.8 percent between 2020 and 2027 from $27.3 billion in 2019, boosted by the use of facial recognition by law enforcement agencies and at airports, according to the 150-page “Image Recognition Market…” report from Grandview Research.
The TSA’s Travel Document Checker (TDC) trials at McCarran International Airport (LAS) are presented as an example of the market’s growth potential. Facial recognition is also expected to be more widely used in access control and digital payments.
Other industries presenting opportunities for the image recognition market include automotive, retail and e-commerce, security, and healthcare.
The report delves into the techniques, applications, components, deployment modes, verticals and regions that make up the image recognition market.