The Latin American Touchless Sensing Market is expected to reach $492.2 million by 2018 - New Report by MicroMarket Monitor
(PRWEB) November 07, 2014 -- The Latin American Touch less Sensing Market report defines and segments the touch less sensing market in Latin America with analysis and forecast of revenue. This market is expected to reach $492.2 million by 2018, at a CAGR of 32.2% from 2013 to 2018.
Browse through the TOC of the Latin 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.
http://www.micromarketmonitor.com/market/latin-america-touchless-sensing-2773465012.html
Touchless sensing is a technology that facilitates interaction with a device without the need for physical contact or touch. Touchless sensing equipment is more efficient than traditional touch-sensitive equipment. The two major markets of touchless sensing are touchless sanitary equipment and touchless bio metric equipment. The touchless sanitary equipment market consists of major products like touchless faucets, soap dispensers, trash cans, hand dryers, paper towel dispensers, and flushes. The touchless bio metric market consists of mainly face, iris, voice, and touchless fingerprint bio metrics. The touchless bio metrics market has a greater share in the touchless sensing market than touchless sanitary equipment.
The growth of the Latin American touchless sensing equipment market is driven by several factors. One of the drivers of this market is the increased need for high-level security in the government sector. Government departments, intelligence departments, defense departments, and finance departments are the major adopters of facial recognition technology. Another important growth driver of this market is the increased demand for advanced sanitary equipment due to hygiene concerns. Countries contributing to the touchless sensing market in Latin America are Brazil and Argentina.
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The Latin 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.
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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 bio metrics.
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 bio metrics 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.
http://www.micromarketmonitor.com/market/europe-touchless-sensing-7583076481.html
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