Touchless Sensing Equipment Market Will Globally Grow At A CAGR Of 10.22% During The Period 2017-2020

ALBANY, NY, April 11, 2017 : The global touchless sensing equipment market is largely driven by increasing adoption of voice recognition technology and touchless sanitary ware. Voice recognition is used in a variety of applications such as automatic speech recognition, voice biometrics, automotive voice recognition, smartphones, and other smart devices. Many countries have imposed regulations to prevent the use of mobile devices while driving, which has led to the increased adoption of voice recognition technology. Some of the countries that have imposed strict restrictions include Australia, the Philippines, the US, the UK, India, and Chile. In the US, though more than 13 states have imposed regulations to prevent the use of mobile devices while driving, they permit the use of hands-free systems. Hence, customers are increasingly adopting mobile devices that are equipped with voice recognition technologies, which help them access the device without the need to move their eyes off the road while driving.

Technavios analysts forecast the global touchless sensing equipment market to grow at a CAGR of 10.22% during the period 2016-2020.

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Covered in this report
The report covers the present scenario and the growth prospects of the global touchless sensing equipment market for 2016-2020. To calculate the market size, the report considers the revenue generated from unit shipments of equipment embedded with touchless sensing technologies.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Touchless Sensing Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Nuance Communications
ValidSoft
Grohe
Jaquar
Kohler
Toto
3M Cogent
BioEnable
Crossmatch Technologies
Iris ID
IriTech
Assa Alboy
Boon Edam
Dorma+Kaba Holdings
GEZE
Stanley Access Technologies
Motekforce Link
Qualisys
Gemalto
Honeywell Security
Safran Identity and Security

Market driver
Increase in demand for touchless sensing in mobile devices
For a full, detailed list, view our report

Market challenge
Dominance of touch-based technologies
For a full, detailed list, view our report

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Market trend
Use of iris recognition biometrics and access control systems in education sector
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.