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Europe Gesture Recognition & Touchless Sensing Market Projected to Reach $4.82 Billion by 2018 at a CAGR 33.89% – Report by MarketsandMarkets

The Touchless sensing market for EMEA is estimated to reach $3.17 billion by 2018. The market is expected to grow at a CAGR of 26.64% from 2013 till 2018. (http://www.marketsandmarkets.com/Market-Reports/europe-gesture-recognition-and-touchless-sensing-market-1149.html)

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Key players are Cognitec Systems GMBH, Cognivue Corporation, Cross Match Technologies, Elliptic Labs, Espros Photonics Corporation, Eyesight Tech, Gestsure Technologies, Intel Corporation, Irisguard, Inc, Microchip Technology Inc.

(PRWEB) May 30, 2014

According to the market research report, "Europe Gesture Recognition & Touchless Sensing Market (2013 - 2018) Technology (2D, 3D, Ultrasonic, IR, Capacitive); Product (Biometric, Sanitary); Application (Healthcare, Electronics, Automotive); Region (Germany, U.K., France, Italy, MEA)", the total market is expected to reach $4.82 billion by 2018. By 2018, it is expected to keep growing at a CAGR of 33.89%.

Browse 147 Market Data Tables 49 Figures 351 Pages and an in-depth Table of Contents on "Europe Gesture Recognition & Touchless Sensing Market"
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The report suggests the following to be the major driving factors for the Touchless Sensing Technology Market:

  •     Hygiene
  •     Low Maintenance Cost
  •     Government Measures for Water Conservation
  •     Tourism and Hospitality Industry and Many More

Touch-less sensing helps in maintaining good hygiene. For example, in touchless sanitary equipment, one does not need to tap the faucet or the soap dispenser to avail of its function. The sensor senses the hand close to the equipment and performs its functions. This minimizes cross-contamination and maintains 100% hygiene.
According to the report, increasing security concerns for both physical and cyber access is the main reason for the growth of the Touchless Biometric Market. Biometrics solution for several applications like automotive, banking & finance, commercial security, defense, travel & immigration and many more are analyzed in this research. It explains the latest trends that are currently changing the pace of the market, which include the legislative compliance to avoid fraud, use of multi model authentication in banking & finance, increasing security concerns for network, pc and internet security, smartphone-based mobile device.
The Gesture Recognition Technology was there in the market since a long time but the first commercialized touch-less gesture recognition device was launched in 2010. The report suggests that with the launch of Microsoft’s Kinect in 2010, the Europe Gesture Recognition & Touchless Sensing Market has been witnessing healthy growth. Since 2010 to the present day, there have been several product launches with gesture recognition technology, helping the overall progress of the industry. The report also claims that the EMEA is dominated by consumer electronics, which hold more than 99% market share among all the other applications. The growing demand for consumer electronics like smartphones and tablets are also expected to provide a huge potential for this market.
The report segments the global market by technologies, applications, products and countries. These segments have been further divided into various sub-segments. The technological segment that the report studies include 2D camera based, infrared sensor arrays, capacitive/electric near field, ultrasonic and 3D technologies including stereoscopic, structured lighting, and 3D time-of-flight.
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The report provides the analysis on all the aspect of the Touchless Sensing Market Statistics based on the types of products, applications and countries. The broad markets of touchless sanitary equipment and touchless biometrics have been segmented by the various products, including Faucets, Soap Dispensers, Trash-Cans, Paper Towels, Flushes, Hand Dryers for Sanitary Equipment and Fingerprint, Iris Recognition, Face Recognition, and Voice Recognition for Touchless Biometrics, and so on.
The report also covers all the major applications like consumer electronics, healthcare, retail, automobile and others (automation and home appliances) in detail. It provides Porter’s five force analysis for Touchless Sanitary, Touchless Biometrics and Gesture Recognition Markets. It quantifies all the five major factors in the market using internal key parameters governing each of them. The report also includes critical market data showing the price trend analysis, emerging trends and value chain analysis. It also maps the touchless sensing and gesture recognition market based on major individual countries like Germany, U.K., France, Italy, Middle-East and Africa.

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