A new report from Research and Markets is predicting a major growth in the touchless biometrics sensing, with the market expected to reach a net worth of $2.67 billion by the year 2018.
The report, entitled “EMEA Gesture Recognition and Touchless Sensing Market – 2013,” includes a detailed analysis of the technologies, applications, products, and countries that stand to benefit from the market growth. The report also identifies all major applications, technologies and countries that will play a vital role in the Eurpope, Middle East and Asia (EMEA) gesture recognition market.
The touchless sensing market is segmented into two broader level classifications, touchless sanitary equipment and touchless biometrics. The touchless biometric market is further segmented into modalities, including face, iris, voice and touchless fingerprint biometrics. Similarly, touchless sanitary market is also broken down into various sub categories including faucets, flushes, hand-dryers and others.
On the gesture recognition side of the market, the report discusses technologies like 2D and 3D camera use, ultrasonic solutions, infrared arrays and capacitive technology. The report compares these fundamental gesture technologies with one other, projecting that data across the major stakeholder countries.
Research and Markets expects the total EMEA touchless sensing market to reach $2.67 billion by 2018 with a double-digit compound annual growth rate over the five-year forecast period. The gesture recognition market value in 2012 was approximately $70.28 million and is expected to reach $1.64 billion by the end of the forecast period at compound annual growth rate of 62.37%.
For more, see the full Research and Markets report here.