The Emotion Detection and Recognition Market at the global level is expected to reach USD 37.6 billion by 2027 from USD 19.9 billion in 2022. The market grows with a CAGR of 11.6% from 2022-2027.
Emotion detection and recognition are used to track consumers' emotional connection to a specific brand. Emotion detection and recognition software track the user's emotions at any given point of time using webcams, or any other specialized equipment.
The EDR finds a diverse range of applications like intelligence and security systems. Emotions play an important character in how we think and behave. The market has gained importance because of the speed of developments in AI and MI.
During the pandemic period, various government organizations and regulatory authorities command both public and private organizations to unfold new practices working remotely and maintaining social distancing. The digital ways of doing business have become the new Business Continuity Plan (BCP) for different associations.
During the pandemic crisis, government initiatives are increasing on advancements in technologies like AI for the security and safety of the public. The demand in the telehealth systems is fostering driving the necessity for affective computing technology adoption. Appearing touchless identity verification systems to surge the demand for affective computing systems.
The factors driving the market include the growing demand for connected wearable devices and the necessity for complicated and advanced technologies to regularize has influenced the market globally. The demand for diverse software is uplifting the market growth forward. Suck kind of software comprises speech, biosensing, gesture, and voice recognition, and posture recognition.
The high perforation of advanced technologies like Artificial Intelligence (AI), Internet of Things (IoT), and Machine Learning (ML) and the advanced technologies upgrades the global emotion detection and recognition market growth globally. The use of smartphones is flourishing and is equipped with many sensors like compass, gyroscope, accelerometer, proximity, microphone, and GPS. The need for a human touch in digital communications.
However, factors like the application costs are high and functional requirements hinder the market growth.
Market Size Available
2022 – 2027
2022 – 2027
North America, Europe, APAC, Middle East & Africa (MEA), Latin America
The Emotion Detection and Recognition Market has been segmented and sub-segmented based on the technology, component, software, and application areas.
The bio-sensors technology segment dominates the market across the period. Biosensing technology is an important feature for emotion detection and recognition. The segment provides crucial information on human emotional conditions. The technology is extensively used to capture the unexposed physiological or emotional states of an independent.
By component, the software segment leads the emotion detection and recognition market. The software tools applicable sustain the purpose of identifying and recognizing slight facial changes. The software segment has a striking role in monitoring the position and gestures of joy, anger, sadness, and fear.
By software, the facial expression recognition segment is said to grow with the highest growth rate in the emotion detection and recognition market during the period. Facial expressions are a mixture of personality, cognitive state, intention, psychology and are used to communicate messages in interpersonal relationships.
Based on the regional analysis, North America is leading the emotion detection and recognition market with the highest share in terms of revenue throughout the timeframe period. With the quick developments in the internet of things (IoT), the inclination towards wearable devices is flourishing, and advanced technologies are rising. The factors strengthen the market growth. The United States and Canada are awaited to have a prominent share in the market. The governments are investing highly and the demand for augmented services and security from certain industry verticals develop the growth in the region.
Europe is considered to have the most appreciable growth in the emotion detection and recognition market. The generous investments from the government are security and surveillance infrastructure, hovering awareness in public, and the adoption of advanced technologies. These factors are more crucial and contribute to extending the market growth in the region.
In countries like Germany, Italy, the UK, and France, the market growth is driven due to the growing number of connected wearable devices in consumers.
The Asia-Pacific market for emotion detection and recognition has been observing the quickest growth from 2022-2027. Digital transformation has witnessed quick developments with growing economic developments. Wearable devices are highly used and facial expression recognition technology has gained popularity. These factors help in strengthening the market growth throughout the region.
Latin America is planned to have outstanding growth in the emotion detection and recognition market. In April 2018, ViaQuatro circulated the installation of the Digital Interactive Doors System (the DID system), developed by AdMobilize.
The Middle East and Africa is anticipated to have notable growth in the market. UAE, Egypt, Saudi Arabia, South Africa are the major contributors for the market to grow further.
Top key players in the Emotion Detection and Recognition Market
These players have adopted diverse strategies like agreements, collaborations, product launches, and acquisitions.
Recent Market Developments
Chapter 1. Emotion Detection and Recognition Market – Scope & Methodology
1.1. Market Segmentation
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Emotion Detection and Recognition Market – Executive Summary
2.1. Market Size & Forecast – (2021 – 2026) ($M/$Bn)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
2.3.1. Impact during 2021 - 2026
2.3.2. Impact on Supply – Demand
2.3.3. Impact on Production Cost
2.3.4. Impact on Supply Chain
Chapter 3. Emotion Detection and Recognition Market – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier - Distributor Analysis
Chapter 4. Emotion Detection and Recognition Market Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3 Customer Analysis
4.4. Porters Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. Emotion Detection and Recognition Market – Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. Emotion Detection and Recognition Market – By Technology
6.1. Feature Extraction and 3D Modelling
6.2. Biosensors Technology
6.3. Natural Language Processing (NLP)
6.4. Machine Learning (ML)
6.5. Other Technologies (Records management technology, Big Data Analytics, and Other Middleware Tech)
Chapter 7. Emotion Detection and Recognition Market – By Component
Chapter 8. Emotion Detection and Recognition Market – By Software
8.1. Facial Expression Recognition
8.2. Biosensing Solution
8.3. Speech and Voice Recognition
8.4. Gesture and Posture Recognition
Chapter 9. Emotion Detection and Recognition Market – By Application Areas
9.1. Medical Emergency
9.2. Marketing and Advertising
9.3. Law Enforcement, Surveillance, and Monitoring
9.4. Entertainment and Consumer Electronics
9.5. Other Application Areas (Robotics and eLearning)
Chapter 10. Emotion Detection and Recognition Market , By Geography – Market Size, Forecast, Trends & Insights
10.1. North America
10.2.7. Rest of Europe
10.3. Asia Pacific
10.3.2. South Korea
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Rest of the World
10.4.1. Middle East
10.4.3. South America
Chapter 11. Emotion Detection and Recognition Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)
11.1. Company 1
11.2. Company 2
11.3. Company 3
11.4. Company 4
11.5. Company 5
11.6. Company 6
11.7. Company 7
11.8. Company 8
11.9. Company 9
11.10. Company 10
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