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Global Touchless Sensing Market to 2025: Market is Projected to Grow by $16.7 Billion

DUBLIN, Oct. 23, 2019 /PRNewswire/ -- The "Touchless Sensing - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

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The Touchless Sensing market worldwide is projected to grow by US$16.7 Billion, driven by a compounded growth of 17.8%

RFID Technology, one of the segments analyzed and sized in this study, displays the potential to grow at over 18.3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market.

Poised to reach over US$8.1 Billion by the year 2025, RFID Technology will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 19.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$637.1 Million to the region's size and clout in the next 5 to 6 years. Over US$800.7 Million worth of projected demand in the region will come from the rest of the European markets. In Japan, RFID Technology will reach a market size of US$542.6 Million by the close of the analysis period.

As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 17.4% over the next couple of years and add approximately US$2.9 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.

Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:

  • Cognitec Systems GmbH
  • Cross Match Technologies, Inc.
  • Elliptic Laboratories
  • eyeSight Technologies Ltd.
  • InvenSense, Inc.
  • Microchip Technology, Inc.
  • Microsoft Corporation
  • NXP Semiconductors NV
  • Qualcomm Inc.

Key Topics Covered:

1. Market Overview

2. Focus On Select Players

3. Market Trends & Drivers

4. Global Market Perspective

For more information about this report visit https://www.researchandmarkets.com/r/rhourb

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