The North American Touchless Sensing Market is expected to reach $2,220.4 million by 2018 - New Report by MicroMarket Monitor

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North American Touchless Sensing Market driven by increased need for security solutions in government sector

MicroMarket Monitor

MicroMarket Monitor

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

The North American Touchless Sensing Market report defines and segments the touchless sensing market in North America with analysis and forecast of revenue. This market was valued at $797.8 million in 2013 and is expected to reach $2,220.4 million by 2018, at a CAGR of 22.7% from 2013 to 2018.

Browse through the TOC of the North American 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 a technology that facilitates interaction with a device without the need for physical contact or touch. As dealing with security issues has become vital in the government sector, local, regional, and national government organizations are deploying bio metric systems owing to advantages such as high accuracy, convenience, and time efficiency. The need for solid security to tackle fraudulence, illegal immigration, and criminal activities has made it necessary for government enterprises to resort to security solutions such as touchless bio-metric devices.

The North American touchless sensing market is mainly driven by large-scale funded programs such as the Visa Waiver Program (VWP), that enables people from certain countries to travel to the US without a visa. An 'e-passport' containing an electronic chip with biographic and bio metric information is mandatory for Visa Waiver travel on a passport.

In addition, the demand for finger-scan bio metric technologies to restrict network access of confidential data only to authorized personnel is expected to increase the demand for PC/network security applications. After the 9/11 attacks, the U.S. mandated border management control programs, national ID programs, and physical and logical access control programs for buildings. This has opened the doors of opportunity for vendors of bio-metric devices.

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The North American 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 North America are the U.S., Canada, and Mexico.

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 :

Europe 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 two major markets of touchless sensing are touchless sanitary equipment, and touchless bio metric. The touchless sanitary equipment market consists of major products like touchless faucets, soap dispensers, trash cans, hand dryers, paper towel dispenser, and flushes. The touchless bio-metric market consists of mainly face, iris, voice, and touch-less fingerprint biometrics.

The Europe touchless sensing market is expected to grow from $ 858.8 million in 2013 to $ 2704.3 million by 2018 at a CAGR of 25.8%, for the given period. The touchless biometrics market constitutes the major share of the total market and is expected to maintain a larger one for the next five years. The growth in touchless sanitary equipment is also significant in Europe. This can be attributed to the positive new construction outlook, especially in the commercial segment, augmented by the rising hygiene concerns. The major countries for touchless sensing revenue pockets in Europe are Germany, U.K., France, and Italy.

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