The European Touchless Sensing Market is expected to reach $2,704.3 million by 2018 - New Report by MicroMarket Monitor

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European Touchless Sensing Market driven by development of national IDs, e-passports, and e-visas

MicroMarket Monitor

MicroMarket Monitor

Key Players in the European Touchless Sensing Market are Cognitec Systems GmbH (Germany), Cross Match Technologies (U.S.), Elliptic labs (Norway), ESPROS Photonics Corporation (Switzerland), Eyesight Tech (Israel),

The European Touchless Sensing Market report defines and segments the touchless sensing market in Europe with analysis and forecast of revenue. This market was valued at $858.8 million in 2013, and is expected to reach $2,704.3 million by 2018, at a CAGR of 25.8% from 2013 to 2018.

Browse through the TOC of the European Touchless Sensing Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation of this market, and is supported by various tables and figures.

Touchless sensing is technology that facilitates interaction with a device without a physical contact or touch. The European touchless sensing market is mainly driven by the development of national IDs, e-passports, and e-visas; all these contain bio metric information that can be used to authenticate the identity of travelers. Increasing concerns regarding security due to increased threats of terrorist attacks have led to the creation of a new association in the field of bio metric technology called European Association for Bio metrics (EAB). The EAB is a non-profit organization seeking to advance the proper and beneficial use of bio metrics in Europe, taking into account the interests of European citizens, industries, academia, and governments.

To encourage and support the exchange of information and data on bio metric technology initiatives, deployments, and trials in European Member States, the European Commission initiated the European Bio metrics Portal (EBP). The EBP states that there are two major areas that European governments are looking at from the security aspect: prevention of identity fraud and bio-metrics to facilitate safe financial transactions.

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The European touchless sensing market has been segmented and forecast based on technologies, components, products, and end users. The technology segment of this market comprises face recognition, fingerprint recognition, iris recognition, and voice recognition. On the basis of components, the market has been segmented into faucets, hand dryers, paper towel dispensers, soap dispensers, and trash cans. By products, touchless bio metric devices and touchless sanitary equipment make up this market segment. In addition, the market is further segmented and forecast based on end users, namely building/infrastructure, consumer electronics, enterprises, finance & banking, medical, public sector/service, and transportation & logistics. Countries contributing towards the touchless sensing market in Europe are the U.K., Germany, France, and Italy.

Early buyers will receive 10% customization on this report.

This report includes market shares and value chain analyses, along with market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.

Related Reports :

North America Touchless Sensing Market

Touchless sensing is technology which facilitates to interact with the functioning of a device without a physical contact or need of touch. The North America touchless sensing market is expected to grow from $ 797.7 million in 2013 to $ 2220.4 million by 2018, at an estimated CAGR of 22.7%, for the given period. This region is the market leader in touchless sensing. The major revenue pockets in North America comprises of U.S., Mexico, and Canada.

The use of touchless sanitary equipment is exponential in North America, considering its usage in public transport buildings, healthcare, consumer electronics, financial & banking, education, hospitality industry, government buildings, and commercial buildings. Also, U.S. invests largely on its security by funded programs and mandated procedures as its national agenda.

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