DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9dvjth/gesture) has announced the addition of the "Gesture Recognition & Touch-Less Sensing Market by Technology, Product, Application & Geography - Global Forecasts and Analysis to 2013 - 2020" report to their offering.
The gesture recognition market is expected to reach $11.03 billion in 2020 from $322.30 million in 2012 at a CAGR of 42.89% from 2013 to 2020.
Global Gesture Recognition & Touch-Less Sensing Market to Grow Exponentially. Touch-less sensing applications have been around for a while, but the companies were unable to leverage this technology due to various reasons such as the sensor size, power requirements, and cost of the products. One of these technologies introduced in the market; i.e. touch-less sanitary ware helped in maintaining high levels of hygiene. The washrooms equipped with such equipment are called as intelligent washrooms. The need for this equipment is a trigger from the customers' need as well as the companies trying to differentiate themselves from the others in the same market.
The demand for touch-less biometrics is on the rise owing to the accuracy on the part of the system. The contact-less biometric solutions are more hygienic as compared to the touch-based biometric systems. The touch-less sensing market is expected to reach $11.0 billion by the end of 2020 at a CAGR of 24.03%. The key players in the touch-less sanitary equipment market are iTouchless (U.S.), and Simplehuman LLC (U.S.). The key players in touch-less biometric solutions include: TST Biometrics (Germany), Touch-less Biometric Systems (Germany), and IrisGuard (Switzerland).
Gesture recognition is an emerging technology that has the potential to revolutionize the way humans interact with machines; not only in gaming and automotive applications but also in day-to-day activities on the home front. Standalone devices like LeapMotion, MYO, and others will spread the awareness of this new revolutionary human machine interaction technology. In this applications, consumer electronics will gain popularity first, and then slowly automotive, automation, healthcare and others will embrace gesture recognition.
Key Take Aways of the Report
- The total touch-less sanitary equipment market is expected to grow at a CAGR of above 33% from 2013 to 2020.
- APAC is the fastest growing region for touch-less Biometric Market; followed by the EMEA region.
- For face recognition, the government applications will dominate the market for the next seven years.
- Currently, consumer electronics application contributes to more than 99% of the global gesture recognition market.
- The factors such as evolving technology and increasing adoption by OEMs are rapidly changing the market ecosystem.
- 2D camera based technology is expected to dominate the smartphones market for the next seven years. Emerging technologies like ultrasonic, infrared, capacitive/electric near field and 3D technologies shall witness a significant increase in their shipments.
- Healthcare application is expected to emerge as a significant market for gesture recognition technologies over the next seven years.
- The automotive application for gesture recognition is expected to be commercialized by 2015.
- Porter's analysis in detail, value chain analysis along with technology & market roadmaps, and evolution of each of the markets is given.
- Detailed segmentation of global touch-less sensing and gesture recognition market by technology and products with a focus on markets of high growth and emerging technologies.
- The future of each type of gesture recognition technology and industry from both - technical and market-oriented perspectives with techno-market oriented roadmaps.
- Asia-Pacific Gesture Recognition & Touchless Sensing Market (2013 - 2018): Technology (2D, 3D, Ultrasonic, IR, Capacitive); Product (Biometric, Sanitary); Application (Healthcare, Electronics, Automotive); Country (India, China, Japan, South Korea)
Key Topics Covered:
- Introduction
- Executive Summary
- Cover-Page Interview
- Market Overview
- Touch-Less Sensing Market
- Gesture Recognition Market
- Market By Geography
- Competitive Landscape
- Company Profiles
- Cognitec Systems Gmbh
- Cognivue Corporation
- Cross Match Technologies
- Elliptic Labs
- Espros Photonics Corporation
- Eyesight Tech
- Gestsure Technologies
- Irisguard, Inc.
- Microchip Technology Inc.
- Microsoft Corporation
- Morphotrak
- Movea Sa
- Omek Interactive
- Pebbles Limited
- Pmd Technologies Gmbh
- Pointgrab Limited
- Primesense Limited
- Pyreos Limited
- Qualcomm, Inc.
- Softkinetic
- Thalmic Labs Inc.
- XYY Interactive Technologies, Inc.
For more information visit http://www.researchandmarkets.com/research/9dvjth/gesture
