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Gesture Recognition & Touch-Less Sensing Market Worth $22.04 Billion by 2020

[310 Pages Report] Gesture Recognition & Touchless Sensing Market report categorizes the global market by Technology (Ultrasonic, 2D, 3D, IR, Capacitive), Product ( Sanitary Equipment, Biometric), Application (Consumer Electronics, Healthcare, Automotive)& Geography

 

Dallas, TX -- (ReleaseWire) -- 07/09/2014 -- According to a new report "Gesture Recognition & Touch-Less Sensing Market by Technology (2D, 3D, Ultrasonic, IR, Capacitive), Product (Biometric, Sanitary Equipment), Application (Healthcare, Consumer Electronics, Automotive), Geography (Americas, EMEA & APAC) - Global Forecasts and Analysis to 2013 - 2020" by MarketsandMarkets, the total Gesture Recognition & Touch-less Sensing Market is expected to reach $22.04 Billion by 2020, growing at a CAGR of 30.91% from 2013 to 2020.

PointGrab, the leader in hand gesture recognition solutions, offers a natural and intuitive way of interaction with consumer devices like PC, Tablet, Cell Phones and Television. PointGrab’s proprietary Hybrid Action Recognition Technology enables devices to anticipate, understand and analyze user’s body language. The advanced software offered by PointGrab can be integrated as an end to end solution or SDK, & is available on all leading PC and Mobile operating systems like Linux, Android, Windows, iOS and OS X platforms. The biggest advantage for PointGrab is that its solutions are integrated in many consumer devices offered by top OEMs like Apple, Samsung, Sony and others.

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The most recent strategic development by PointGrab was its partnership with Sun Innovation Technology to bring Gesture Control to home appliances market, which is displayed in CES 2014. The system displayed PointGrab’s gesture based software ability to work with 2D cameras, allowing a user to do operations like Play or Pause music & mute the system just by placing finger on their lips, thus creating a new market segment for themselves.

Browse more than 105 market data tables with 56 figures spread through 310 pages and in-depth TOC on "Gesture Recognition & Touch-Less Sensing Market"

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Hygiene concerns and growth in demand of contact free authentication has boosted the Touch-less Sensing market. In overall touch-less sensing market, the government application will be the highest revenue generator and lead the market from the demand side. The Americas lead the touch-less sensing market for both sanitary equipment and touch-less biometric products; Europe follows shortly.
The concept of gesture recognition came 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 integrate with gesture recognition technologies.

The report's detailed segmentation by technology, by applications, and by geography covers all the existing and emerging technologies in the touch-less sensing and Gesture Recognition Market. The major technologies that have been extensively covered in the report are the 2D camera based, infrared sensor arrays, capacitive/electric near field, ultrasonic and 3D technologies including stereoscopic, structured lighting, and 3D time-of-flight.

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Another segment with a high potential growth rate for gesture recognition technology is the automotive sector. Although the technology is in testing stage and will only commercialize by the end of 2015, but the R&D by 12 major car companies ranging from BMW to Mercedes to integrate this technology with car-infotainment accessories is adding fuel to this growth. This technology will enable the driver to use car functionalities like AC, music system, GPS & others only by gestures thus reducing distractions and leading to more safety. Mercedes Benz (Germany) has already displayed an experimental system named DICE (Dynamic & Intuitive Control Experience) which let drivers perform basic functionalities using hand gestures. Indian car companies like Mahindra-Satyam has also come up with in-car navigation systems supporting gesture recognition.

The touch-less sensing market statistics are given by products, application and geography. The broad markets of touch-less sanitary equipment and touch-less biometrics have been segmented by the various products. These include: Faucets, Soap Dispenser, Trash-Can, Paper Towel, Flushes, and Hand Dryer for sanitary equipment and Fingerprint, Iris Recognition, Face Recognition, and Voice Recognition for touch-less biometrics.

The application segmentation of the market covers all the major applications like consumer electronics, healthcare, retail, automobile and others (automation and home appliances) in detail.
One of the objectives of the research study was to analyze the market trends for each of the gesture recognition technologies and touch-less sensing products. The growth rates of the various technologies and the gesture recognition enabled consumer electronic devices.
Apart from market segmentation, report also includes qualitative analysis like the Porter's five force analysis, value chain with detailed process flow diagram, and market dynamics such as drivers, restraints, and opportunities for the overall touch-less sensing and gesture recognition market.

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