Thursday, April 4, 2013

Gesture recognition and touchless sensing market worth $12.21 billion by 2018

USA: According to a new market research report Gesture Recognition & Touchless Sensing Market (2013-2018): By Technology (RFID, IR, Capacitive); Product (Biometric, Gaming, Smartphone); Application (Healthcare, Consumer Electronics, Automotive); Geography (Americas, EMEA, & APAC), the total touchless sensing and gesture recognition market is expected to reach $15.02 billion by 2018 growing at a CAGR of 34.94 percent from 2013 to 2018.

Hygiene concerns and growth in demand of contact free authentication has boosted the Touchless Sensing market. In overall touchless sensing market, government application will be the highest revenue generator and lead the market from the demand side.

America's lead the touchless sensing market for both sanitary equipment and touchless biometric products; Europe follows shortly. The concept of gesture recognition has come into major attention with the launch of Microsoft's Kinect in 2010.

The new and enhanced user experience offered by various technologies has gathered interest from a number of OEMs across many applications. This has resulted in the launch of products ranging from smart TVs to smartphones that are integrated with gesture recognition technologies.

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