The Global Market for Touchless Sensing is Projected to Reach US$12 Billion by 2020

Hygiene Concerns & Expanding Applications to Drive Growth in the Global Touchless Sensing Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Touchless Sensing market. The global market for Touchless Sensing is projected to reach US$12 billion by 2020, driven by expanding applications, and growing preference for hygienic touchless interfaces in public environments. 

Touchless sensing technology, an innovative method of human machine interface (HMI), allows users to interact with devices for performing specific tasks without the need for any physical contact with the devices. Touchless HMI is emerging as a promising technology, given its advantages in terms of convenience, hygiene, safety, and power saving features. Touchless sensing devices are also more efficient and offer better reliability compared to traditional touch-sensitive equipment. Technology advances over the years have led to the emergence of several sophisticated touchless sensing technologies with significant potential for expansion into new application markets.

The global market for touchless sensing technology is growing at a rapid rate driven largely by expanding applications in touchless sanitary equipment and touchless biometrics. Rising hygiene concerns and growing demand for contact-less authentication constitute the major factors fuelling growth in the market. Benefits stacked in favor of touchless sensing technologies, such as, flexible design, ease of integration, low prices, and high efficiency are also stimulating market growth. Increasing number of smart education facilities, expanding healthcare applications of touchless sensing, and continuous growth in tourism and travel are also spurring gains in the market. The market is expected to post strong growth, in the coming years, driven by increasing demand from various end-use markets including government, travel, healthcare, military, consumer electronics, hospitality, and banking & finance. The acute need for sophisticated automated processes, authentication, and database maintenance solutions is fuelling adoption in these sectors. In the government sector, initiatives such as e-passports will continue to generate revenues for touchless sensing technology based products. Increasing crime rates and safety and security concerns will also drive adoption of touchless biometric systems, which offer accurate results.

As stated by the new market research report on Touchless Sensing, Europe represents the largest regional market worldwide. Higher safety and hygiene standards are driving demand for touchless sensing technology in the United States and Europe. Asia-Pacific is poised to record the fastest CAGR of 27.9% over the analysis period. Favorable economic environment, increasing adoption of e-governance model and development of enterprise IT infrastructure particularly in emerging markets of China and India will drive growth in the region.

Major players covered in the report include Cognitec Systems GmbH, CogniVue Corporation, Crossmatch Technologies, eyeSight Technologies Ltd., Intel Corporation, IrisGuard Inc., MorphoTrak LLC, Microsoft Corporation, Qualcomm Inc., and SoftKinetic, among others.

The research report titled “Touchless Sensing: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in US$ Thousands for all major geographic markets such as the US, Canada, Japan, Europe ((France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America, and Rest of World

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