The global demand for emotion detection & recognition market was valued at 17843.53 USD MN in 2022 and is expected to generate revenue of 49792.78 USD MN in 2030, growing at a CAGR of 13.57% between 2023 and 2030.
Emotion detection and recognition (EDR) is the technology that recognises & detects the emotions of humans using technological features such as speech & voice recognition, machine learning, bio-sensing, facial recognition, and pattern recognition. Emotion detection and recognition are useful in software applications using innovative image processing to detect and monitor human emotions.
Market Dynamics
Emotion detection and recognition market is witnessing a significant growth rate owing to the increasing use of advanced technologies, such as the internet of things, wearable technology, and the substantial development of smartphone usage. The exeptance of IoT, AI, ML, and deep learning technologies keading to a significant rise in the Automotive AI industry worldwide. The increasing demand of operational excellence and socially intelligent artificial agents are the factors driving the market growth of emotion detection and recognition. Another industry that is showing an increasing demand for emotion detection and recognition systems is the automotive sector. These technologies are not only able to detect drivers' tiredness or distraction, but they also provide a pleasant, healthy driving experience. The rapid acceptance of wearable technology by the millennial generation and new technological innovations such as information tracking sensors are further augmenting the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of emotion detection and recognition. The growth and trends of emotion detection and recognition industry provide a holistic approach to this study.
Market Segmentation
This section of the emotion detection and recognition market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Technology
- Feature Extraction And 3D Modelling
- Biosensors Technology
- Natural Learning Processing (NLP)
- Machine Learning (ML)
- Other Technologies (Records Management Technology, Big Data Analytics, And Other Middleware Tech)
By Component
By Software
- Facial Expression Recognition
- Biosensing Solutions And Apps
- Speech And Voice Recognition
- Gesture And Posture Recognition
By Application Areas
- Medical Emergency
- Marketing And Advertising
- Law Enforcement, Surveillance, And Monitoring
- Entertainment And Consumer Electronics
- Other Application Areas (Robotics And Elearning)
By End Users
- Enterprises
- Defense And Security Agency
- Commercial
- Industrial
- Other End User (People Using Wearable Devices, Mobile Phones, And Independent Institutions)
By Verticals
- Defence
- Media And Entertainment
- IT And ITES
- Healthcare And Social Assistance
- Telecommunications
- Retail And Ecommerce
- Automotive
- BFSI
- Other Verticals
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Emotion Detection and Recognition market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Emotion Detection and Recognition Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the emotion detection and recognition market include Apple Inc., Microsoft, IBM, NEC Corporation, Tobii AB, Q3 Technologies Inc., Affectiva, Paravision Inc., Nviso, Eyeris, Skybiometry, Sightcorp, Realeyes, Kairos AR Inc., Sentiance, Noldus Information Technology, Cognitec System, Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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