According to a new market research report "Gesture Recognition & Touchless Sensing Market by Technology (Touch-based & Touchless), Application (Consumer Electronics, Automotive, & Others), Product (Biometric & Sanitary Equipment), & by Geography - Global Forecast to 2020", published by MarketsandMarkets, the Gesture Recognition & Touchless Sensing Market is expected to reach $23.55 Billion by 2020, at a CAGR of 28.23% between 2015 and 2020.
Browse 83 market data Tables and 86 Figures spread through 210 Pages and in-depth TOC on "Gesture Recognition & Touchless Sensing Market".
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The entire gesture recognition market has witnessed various advancements after the launch of Microsoft Kinect which is used for gaming consoles of the Xbox 360 launched by Microsoft (U.S.). After the launch of Kinect, manufacturers and the other players from the gesture control industry's value chain started focusing on consumer electronics to implement gesture-enabled solutions. Currently, laptops, TVs, smartphones, and so on are enabled with gesture recognition features. Similarly, touchless sensing products which primarily consist of touchless sanitary equipment and touchless biometrics are gaining popularity. Currently, looking at the increasing rate of cybercrimes and illegal trespassing, the biometric authentication market has gained pace in terms of growth. Government initiatives also promote biometric authentication techniques. Additionally, the increased concerns towards health and hygienic conditions in public places have driven the market for touchless sanitary equipment.
Developing countries such as China and India are continuously attracting investments and expansions from top companies, due to the favorable business environment in these economies.
In the report, a detailed segmentation of the gesture recognition & touchless sensing market by product, technology, industry vertical, application, and geography has been provided, which covers all existing and emerging technologies in the market. The report also covers all qualitative as well as quantitative industry insights.
One of the objectives of the report has been to analyze market trends for each of the gesture recognition & touchless sensing market segments and their respective growth rates. Apart from the market segmentation, the report also covers in-depth analyses such as the Porter's five forces analysis, the value chain analysis with a detailed process flow diagram, and market dynamics such as drivers, restraints, opportunities, and challenges for the gesture recognition & touchless sensing market.
The market size for the Gesture Recognition & Touchless Sensing Market is included in the report for four geographic regions, namely, the Americas, Europe, Asia-Pacific, and Rest of the World (RoW). The APAC region is estimated to account for a major share in the gesture recognition market during the forecast period. Similarly, in the touchless sensing market the Americas are expected to account for the largest market share followed by Europe and Asia-Pacific. Moreover, the market in Asia-Pacific for gesture recognition & touchless sensing is expected to grow at the highest rate.