Friday, May 03, 2013

APAC Touchless & Gesture Recognition Market to Reach $4.18B by 2018

PR Newswire: According to the market research report "Asia-Pacific Gesture Recognition & Touchless Sensing Market (2013 - 2018)", this market is expected to reach $4.18 billion by 2018 growing at a CAGR of 42.33% from 2013 to 2018.

The increasing concerns related to sanitation and hygiene in the region is expected to drive the touchless sanitary equipment market. The touchless biometrics market is driven by the Aadhaar number initiative in India and the e-passport program in the region. China is expected to lead the touchless sensing market for both sanitary equipment and touchless biometric products by 2018.

May be these are the markets that Mesa Imaging CEO Jim Lewis meant answering on question where he sees the future growth for 3D camera applications: "The growth will not come from the applications that one reads/hears about most often in the public domain."

PR Newswire: The global demand for touchless and gesture recognition devices is predicted to reach $15.02 billion by 2018.

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