Asia, forecast, market

U can’t touch this…

The touch-less sensing market is expected to reach $1.89 billion by the end of 2018 at a CAGR of 29.30%
(Markets and Markets)

From the summary…

The increasing security concerns in the major countries of the region have pushed for the need of accurate and reliable biometric systems. The e-passport program has picked up pace in many countries and the Aadhaar number initiative by the Indian government have created huge demand for the touchless biometrics. The touchless sanitary market that includes products like touchless faucets, touchless soap dispensers, touchless hand dryers and so on, will witness growth in their shipments as the governments increase their focus on hygiene in the region.

The demand for touchless 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 $1.89 billion by the end of 2018 at a CAGR of 29.30%. The key players in the touch-less sanitary equipment market are iTouchless (U.S.), simplehuman LLC (U.S.). The key players in touchless biometric solutions include NEC Corporation (Japan), Fujitsu Limited (Japan), TST Biometrics (Germany), Touchless Biometric Systems (Germany), and IrisGuard (Switzerland). Majority of the global players have strong presence in the APAC market.

The huge demand for Smartphones and Tablets is a definite driver for the gesture recognition market in the APAC region. This is evident with the number of product launched, from the OEMs in the last two years. A number of OEMs, who have their footprint globally and in local markets, have launched products ranging from smartphones to smart TVs. The figure below shows the trend of the APAC gesture recognition and touchless sensing market from 2012 till 2018.

Gesture recognition is still in the emerging phase but has proved to be the next generation technology that has the potential to revolutionize the way humans interact with machines. The technology is currently being integrated majorly into consumer electronics. This would help to push the technology towards maturity and in turn the decrease in price. Slowly, automotive application and healthcare would emerge as potential applications for the gesture recognition market in the near future.

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