Global Touchless Sensing Markets, Forecast to 2027 - RFID Technology Expected to Reach a Market Size of $9.2 Billion by 2027, Despite COVID-19 Challenges - ResearchAndMarkets.com

The "Touchless Sensing - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis and the looming economic recession, the Touchless Sensing market worldwide will grow by a projected US$19.8 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 19.8%.

RFID Technology, one of the segments analyzed and sized in this study, is forecast to grow at over 20.3% and reach a market size of US$9.2 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The RFID Technology market will be reset to a new normal which going forward in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 18.7% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$658.6 Million to the region's size over the next 7 to 8 years. In addition, over US$838.7 Million worth of projected demand in the region will come from Rest of the European markets. In Japan, the RFID Technology segment will reach a market size of US$454 Million by the close of the analysis period.

Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Touchless Sensing market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 17.1% over the next couple of years and add approximately US$2.4 Billion in terms of addressable market opportunity.

Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Touchless Sensing market landscape. 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, among others:

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

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of COVID-19 and a Looming Global Recession
• A Prelude to Touchless Sensing
• Touchless Sensing Market in Middle East
• Touchless Sensing Market in North America
• Touchless Sensing Market in Europe
• Touchless Sensing Market in Africa
• Touchless Sensing Market in Germany
• Touchless Sensing Market in France
• Touchless Sensing Market in China
• Touchless Sensing Market in Canada
• Touchless Sensing Market in Canada
• Touchless Sensing Market in Brazil
• Global Competitor Market Shares
• Touchless Sensing Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Touchless Sensing System: The Future Technology with Invisible Buttons
• Regional Market Share
• Market Share
• Infographics

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 103

For more information about this report visit https://www.researchandmarkets.com/r/in7sm