SOURCE: MarketResearch.com

MarketResearch.com

July 05, 2011 11:11 ET

Gesture Recognition Market to Grow 25% Annually Through 2015

ROCKVILLE, MD--(Marketwire - Jul 5, 2011) - MarketResearch.com has announced the addition of MarketsandMarkets's new report "Global Touchless Sensing and Gesturing Market (2010-2015)," to their collection of Electronics market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6428710

The report is divided into the touchless sensing market and the gesture recognition market. The touchless sensing market includes touchless sanitary equipment and touchless biometrics.

The touchless sensing market has gained momentum since a year and is increasing rapidly. The touchless sensing market is expected to reach $3656.8 million by the end of 2015. The companies are realizing the potential of this market and answering the customer needs regarding better hygienic factors. The touchless biometrics market is also on the rise. The crime rates are increasing and the general public needs some sort of security which is foolproof. These biometric systems are more accurate than the touch-based biometric systems since they are independent of touch. The touchless fingerprint recognition system can take in a picture of a fingerprint even if the finger has a cut on it or in case of iris recognition and face recognition, the features of the iris or the face do not change over the years.

The gesture recognition market is expected to reach $625 million in 2015 from $200 million in 2010 at an expected CAGR of 25.6% from 2010 to 2015. The gesture recognition market was commercialized in the third quarter of 2010 with the launch of the Microsoft XBOX Kinect (hardware). Gesture recognition has their applications in a several sectors ranging from entertainment, consumer electronics, and transportation to healthcare. The market acceptance of this industry is very low since this is a new technology and the users are not aware of the technology as yet. However, this market is estimated to grow in the next seven to eight years.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6428710

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