Albany, NY -- (SBWIRE) -- 09/21/2018 -- The escalating demand for gesture recognition technologies in smartphones and across industries including automotive, government, and finance and banking showcases lucrative prospects for the global gesture recognition and touch-less sensing market. The report evaluates market dynamics based on findings and observations that have been categorized vis-à-vis market drivers, challenges, and opportunities.
The research report provides a comprehensive and executive-level overview of the factors affecting the global gesture recognition and touch-less sensing market. It evaluates the demand and supply trends influencing the manufacturing decision of leading vendors, market drivers, growth inhibitors, and growth prospects of the gesture recognition and touch-less sensing market. In addition, the report conducts a feasibility study of the market and presents refined forecasts pertaining to the growth prospects. Backed by detailed primary and secondary research, the report on the gesture recognition and touch-less sensing market is a valuable tool for the organizations operating in the market.
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The launch of Microsoft's Kinect in 2010 brought the concept of gesture recognition into the limelight. Ever since then, the market for gesture recognition and touch-less sensing has gained impetus, fuelled by hygiene concerns and the rising demand for advanced methods of contact- free authentication. Gesture recognition and touch-less sensing technologies allow users to interact with devices and perform certain tasks sans the support of mechanical devices.
Over the last couple of years, demand in the gesture recognition and touch-less sensing market has been primarily driven by technological advancements that induced enhanced accuracy. These technologies offer ease of use when integrated, and therefore, are expected to register escalating demand in the forthcoming years. The report has segmented touch-less sensing applications into touch-less biometric and touch-less sanitary equipment.
The use of gesture recognition and touch-less sensing will emerge as a sizeable opportunity for companies in this market over the forecast period between 2013 and 2019. Despite witnessing impressive growth trends, the market is faced with challenges such as high cost of product, power consumption of sensors, and achieving the smallest possible sensor size.
By technology type, the market for touch-less sensing is segmented into capacitive sensors and infrared sensors. The market segment of touch-less sensing sanitary equipment encompasses touch-less dispensers, faucets, trashcans, hand dryers, and flushes. On the other hand, technologies such as iris recognition, touch-less fingerprint recognition, voice recognition, and face recognition system, are a part of touch-less biometrics market. Key application sectors for gesture recognition and touch-less sensing technologies analyzed in the report are government, finance and banking, consumer electronics, automotive, transportation, and healthcare.
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Leading market players profiled in the report include, Espros Photonics AG, Microsoft Corporation, eyeSight Technologies, CogniVue Corporation, Gestsure Technologies Ltd., Irisguard, Inc., Elliptic Labs Inc., Omek Interactive, Ltd., Cognitec Systems GmbH, Thalmic Labs Inc., Cross Match Technologies Inc., Movea SA, Microchip Technology Inc., include Qualcomm Inc., and XYZ Interactive Technologies Inc., among others.