The highly dynamic marketplace for gesture recognition technologies is booming with technological advancements and sweeping investments from technology giants such as Apple Inc., Google Inc., Intel Corporation, and Microsoft Corporation. Rising sales of consumer electronic devices with gesture recognition capabilities are will persuade optoelectronic components companies in undertaking extensive research and strengthening their market presence through new research centers and sales offices, states a recent report by Transparency Market Research. The high influx of new vendors in the already fragmented market will intensify competition, prompting companies to differentiate their offering through innovative gesture recognition technologies and solutions in the future years. There has been a sizeable rise in the global sales of camera-enabled consumer electronic devices, such as smartphones, tablet computers, and wearable devices with gesture recognition capabilities based on 2D ima...