The market is changing rapidly due to evolving technology and more and more OEM’s are moving towards gesture recognition technology adoption. As per a report published by Markets and Markets, the gesture recognition market is estimated to grow at a healthy CAGR from 2013 till 2018 and is expected to cross $15.02 billion by the end of these five years. Analysts forecast the Global Gesture Recognition market to grow at a CAGR of 29.2 percent over the period 2013-2018.
If we talk in terms of industry, then currently consumer electronics application contributes to more than 99% of the global gesture recognition market. As per the report published, the Healthcare application is expected to emerge as a significant market for gesture recognition technologies over the next five years. The automotive application for gesture recognition is expected to be commercialized in 2015. [34]