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Asia-Pacific gesture recognition market: $4.2 billion industry by 2018

Press release   •   May 01, 2013 16:18 BST

The Asia-Pacific gesture recognition market is suggested to have reached a value of around $442.65 million in 2012, and is forecast to grow to a total of $4.18 billion by the end of 2018.

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.

Asia Pacific region has glimpse of gesture recognition with the launch of Microsofts Kinect in Japan on November 20th, 2010. The popularity of the device has caught the attention of the OEMs in the region. The region has witnessed significant number of product launches since then. For instance, Pantech, a South Korean smartphone OEM, has launched Pantech Vega LTE smartphone which is integrated with 2D camera based technology. Sony Corporation (Japan) launched Sony Xperia Sola that works on the capacitive technology through its floating touch feature. Few other OEMs who have come out with commercial products are Samsung Electronics (South Korea), Fujitsu Limited (Japan), and Micromax (India) among many others. The growing demand for consumer electronics like smartphones and tablets provides a huge potential for gesture recognition market.

For more information on the Asia-Pacific gesture recognition market, please click here: Asia-Pacific gesture recognition market

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