Global Touchless Sensing Equipment Market 2016-2020

  • ID: 3844037
  • Report
  • Region: Global
  • 76 pages
  • TechNavio
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FEATURED COMPANIES

  • 3M Cogent
  • Boon Edam
  • Gemalto
  • Iris ID
  • Kohler
  • Qualisys
  • MORE
About Global Touchless Sensing Equipment Market

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.

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

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

The 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 drivers
- Increase in demand for touchless sensing in mobile devices
- For a full, detailed list, view the full report

Market challenges
- Dominance of touch-based technologies
- For a full, detailed list, view the full report

Market trends
- Use of iris recognition biometrics and access control systems in education sector
- For a full, detailed list, view the full 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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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M Cogent
  • Boon Edam
  • Gemalto
  • Iris ID
  • Kohler
  • Qualisys
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report

PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
  • Voice recognition
  • Iris recognition
  • Automatic doors
  • Gait analysis system
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by technology
  • Market overview
  • Market size and forecast
PART 07: Geographical segmentation
  • Overview
  • Market size and forecast
PART 08: Market drivers
  • Adoption of smart and eco-friendly technologies in sanitation
  • Increase in demand for touchless sensing in mobile devices
  • Rise in demand for touchless access control
PART 09: Impact of drivers

PART 10: Market challenges
  • High cost of initial investment and replacement
  • Dominance of touch-based technologies
  • Lack of awareness
PART 11: Impact of drivers and challenges

PART 12: Market trends
  • Penetration of touchless sensing in access control solutions
  • Use of iris recognition biometrics and access control systems in education sector
  • Rise in demand for voice authentication in mobile banking
PART 13: Vendor landscape
  • Competitive scenario
PART 14: Key vendor analysis
  • Voice recognition vendors
  • Touchless sanitary ware vendors
  • Iris recognition vendors
  • Automatic door vendors
  • Gait analysis system vendors
  • Contactless card access system vendors
PART 15: Appendix
  • List of abbreviations
PART 16: About the Author

List of Exhibits
Exhibit 01: Standard currency conversion rates
Exhibit 02: Key regions covered
Exhibit 03: Voice recognition process
Exhibit 04: Workflow of iris recognition
Exhibit 05: Workflow of gait analysis system
Exhibit 06: Global touchless sensing equipment market 2015-2020 ($ billions)
Exhibit 07: Five forces analysis
Exhibit 08: Global touchless sensing equipment market: Segmentation by technology
Exhibit 09: Global touchless sensing equipment market: Technological segmentation 2015 (%)
Exhibit 10: Global touchless sensing equipment market: Technological segmentation 2020 (%)
Exhibit 11: Voice recognition in global touchless sensing equipment market 2015-2020 ($ billions)
Exhibit 12: Touchless sanitary ware in global touchless sensing equipment market 2015-2020 ($ millions)
Exhibit 13: Touchless faucets in global touchless sensing equipment market 2015-2020 ($ millions)
Exhibit 14: Touchless cisterns in global touchless sensing equipment market 2015-2020 ($ millions)
Exhibit 15: Global investment in airport construction by region 2015 ($ billions)
Exhibit 16: Touchless soap dispensers in global touchless sensing equipment market 2015-2020 ($ millions)
Exhibit 17: Change in disposable income globally 2011-2016
Exhibit 18: Touchless hand dryers in global touchless sensing equipment market 2015-2020 ($ millions)
Exhibit 19: Iris recognition in global touchless sensing equipment market 2015-2020 ($ millions)
Exhibit 20: Automatic doors in global touchless sensing equipment market 2015-2020 ($ millions)
Exhibit 21: Commercial construction projects by region 2015
Exhibit 22: Contactless card access systems in global touchless sensing equipment market 2015-2020 ($ millions)
Exhibit 23: Gait analysis systems in global touchless sensing equipment market 2015-2020 ($ millions)
Exhibit 24: Global touchless sensing equipment market: Geographical segmentation 2015
Exhibit 25: Global touchless sensing equipment market: Geographical segmentation 2015
Exhibit 26: Touchless sensing equipment market in the Americas 2015-2020 ($ billions)
Exhibit 27: Touchless sensing equipment market in EMEA 2015-2020 ($ billions)
Exhibit 28: Touchless sensing equipment market in APAC 2015-2020 ($ billions)
Exhibit 29: Touchless sanitary equipment: YoY revenue growth rate 2015-2020 (%)
Exhibit 30: Impact of drivers
Exhibit 31: Impact of drivers and challenges
Exhibit 32: Grohe: Touchless sanitary ware product portfolio
Exhibit 33: Jaquar: Touchless sanitary ware product portfolio
Exhibit 34: Kohler: Touchless sanitary ware product portfolio
Exhibit 35: TOTO: Touchless sanitary ware product portfolio
Exhibit 36: BioEnable: Iris recognition product portfolio
Exhibit 37: Crossmatch: Iris recognition product portfolio
Exhibit 38: Iris ID: Iris recognition product portfolio
Exhibit 39: IriTech: Iris recognition product portfolio
Exhibit 40: Motekforce Link: Gait analysis system product portfolio
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FEATURED COMPANIES

  • 3M Cogent
  • Boon Edam
  • Gemalto
  • Iris ID
  • Kohler
  • Qualisys
  • MORE
New Report Released: – Global Touchless Sensing Equipment Market 2016-2020

The author of the report recognizes the following companies as the key players in the global touchless sensing equipment market: 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 and Safran Identity and Security.

Commenting on the report, an analyst from the research team said: “Rise in demand for voice authentication will be a key trend for market growth. Voice authentication is being integrated into mobile banking due to the need for a strong verification process. In regions such as Western Europe and North America, many banking customers use phone banking facilities. Hence, most of these financial institutions are using voice-based authentication solutions to accept or reject mobile transactions by a user. For instance, Nuance Communications' voice technology is being used by financial institutions such as Barclays Wealth, ING, and Santander. In addition, voice authentication in mobile devices provides strong security and is cost-effective. Hence, the trend of integrating voice authentication in mobile banking is expected to grow stronger over the years. Also, phone-based banking institutions are partnering with voice authentication vendors and the incorporation of voice metrics is becoming a key competitive advantage.”

According to the report, rise in demand for touchless access control will be a key driver for market growth. Government and private organizations involved in highly sensitive operations such as the BFSI sector face major challenges because of the constant changes in compliance requirements and the adoption of advanced technologies such as the internet of things (IoT) and enterprise mobility. Touchless access control systems help these organizations to meet security, access management, password management, compliance, and access governance requirements. Both government and private organizations are increasingly adopting touchless access control to improve operational performance in business areas such as risk management and fraud reduction. For instance, in the BFSI sector, the rise in a number of online transactions is leading to an increase in the cases of identity theft, data theft, card-related fraud, and insurance claim fraud. These factors drive the demand for access control in this sector.

Further, the report states that one of the major challenges that is inhibiting the growth of the touchless sensing technology is the high investment associated with its development and implementation, especially in touchless access control systems. Large-scale deployment of touchless sensing equipment in an enterprise is a time-consuming process and generally requires a huge investment. Budgetary constraints also limit the testing of these solutions and hence, any failure in the implementation can result in a huge loss for enterprises. Therefore, substitutes for touchless sensing technologies such as touch-based swipe cards, keypads, and touch biometrics still hold well for many companies because of their cost-effectiveness, specifically among small- and medium-sized enterprises (SMEs). In addition, touchless sensing technologies such as voice recognition and iris recognition require further investment, including the cost of system integration, hardware assistance costs, and middle-ware costs.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- 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 and Safran Identity
- Security.
Note: Product cover images may vary from those shown
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