Globally, increasing use of technology and different steps taken by every nation towards the development is giving a boost to the global emotion detection and recognition market. The invention and research are doing in this field from last 10 years. The global emotion detection and recognition market size was at USD 21.6 billion in 2019 and is estimated to reach USD 56.0 billion by 2024 at a CAGR of 21.0%. Emotion detection provides various techniques which help in the detection of human behaviour according to their expression. Increasing demand for the Internet of Things (IoT) gives new opportunities for market growth globally. Different factors are driving the market growth such as new advanced technologies like wearables that provide emotion detection by sensing. Different applications and products are provided by different industries for healthcare and defence. Now the rapidly growing sectors in this market are promoting the use of emotion-sensing technology devices.
Recent Developments
Market Drivers
Globally, increasing Emotion Detection And recognition market make a new record in Technology Base industries. The growth rate of the market is very high due to expansion and increasing demand of the market. Many of the factors help to drive the global market. The foremost factor is the Internet of Things (IoT). The increasing demand for Internet and intranet service is really huge, which is promoting the global emotion detection and recognition market.
The next driving factor is wearable technology, in which the measurement of heartbeat, body temperature, blood pressure etc. is also encouraging the global emotion detection and recognition market. Many of the industries make this device and increased demand for these devices in healthcare as well as in defence give a boost to the market.
Also, the use of Biometric detection technology is increasing in the world for safety and security purpose, driving market growth. The use of smartphones increases globally and application which included in it such as Moodnote which use as mood detection drive the global emotion detection and recognition market.
Market Restraints
In the total Global Emotional Detection and Recognition Market, some are the restraints factors are the lack of technical expertise in this field and unawareness of the technology. Also, the detailed understanding of emotion is not easy, because of their several ways of expressing emotions and it will be deceptive too. This device only recognises the basic emotion which is fundamental but it is failed to understand the other non-fundamental 56 emotions.
Also, the lack of connection of human being with digital communications is the main restraint factors of this market. Some regions are not technically fulfilled so the absence of knowledge about this technology controls the market growth. High costs related to the equipment and technology also impede the global emotion detection and recognition market boom.
Market segmentation:
Global Emotion Detection and Recognition Market is segmented on the basis of different types and drive the total market growth. The market is divided into five types such as,
By Software tool, this segment is divided into facial expression Emotion recognition, voice recognition, and gesture and posture recognition. In which the facial expressions recognition market acquired major share.
By Technology, this market is segmented into the features extraction and 3D mode line, NLP (Natural Language Processing) and ML (Machine Learning), in which, the NLP is having the largest market. It is the subfield of AI in which computer help out to understand the emotion of human. The rising demand of NLP enterprises, defence and security agencies, commercial and industrial sectors is promoting the business.
By Application, this sector is divided into law enforcement, surveillance and monitoring, entertainment and consumer electronics, marketing and advertising. Among these, the surveillance and monitoring sector is having a major market growth.
By End User, this market has a huge impact on the global emotion detection and recognition market. This device is used in different fields such as commercial, retailer, others like government, retail and transportation. The application of technology is highly used in defence and military purpose, security agencies, and healthcare.
Regional Analysis:
Global emotion detection and recognition market is segmented by regions into North America, Europe, APAC, Middle East and Africa, and Row. As per strong economics and development in technology, industries are seen in North America. Also, North America has a significant portion of the global emotion detection and recognition business. Several players are available in the market of this technology and new start-ups are also seen in this area. The US and Canada have a major market share. Some are the key players in North America regions are Affectiva, Kairos and Eyerise.
Leading Company
In emotion detection and recognition market, the Affectiva in North America leads in this market. This industry provides different new technology in recent time in emotion detection and recognition market.
Key Players:
With the help of good market strategies, some of the most leading players in this market are Apple (US) Google (US), Microsoft (US), IBM (US), Affectiva (US), Beyond Verbal (Israel), Noldus Information Technology (Netherlands), Tobii (Sweden), NEC Corporation (Japan), Sentiance (Belgium), nViso (Switzerland), Eyesight Technologies (Israel), Ayonix (Japan), Cognitec Systems (Germany), SightCorp (Netherlands), CrowdEmotion (UK), Kairos (US), Eyeris (US), and SkyBiometry (Lithuania), and iMotions (Denmark).
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Emotional Detection And Recognition Market, By Software Tools
6.1.1 Facial Expressions And Emotion Recognition
6.1.2 Voice Recognition
6.1.3 Posture And Gesture Recognition
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Emotional Detection And Recognition Market, By Application
6.2.1 Law Enforcement
6.2.2 Surveillance And Monitoring
6.2.3 Entertainment And Consumer Electronics
6.2.4 Marketing And Electronics
6.2.5 Market Size Estimations & Forecasts (2019-2024)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
6.3 Emotional Detection And Recognition Market, By Technology
6.3.1 Features Extraction and 3D Mode Line
6.3.2 NLP & ML
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Emotional Detection And Recognition Market, By End-User
6.4.1 Commercial
6.4.2 Retail
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Software Tools
7.2.3 By Application
7.2.4 By Technology
7.2.5 By End-User
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Software Tools
7.3.3 By Application
7.3.4 By Technology
7.3.5 By End-User
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Software Tools
7.4.3 By Application
7.4.4 By Technology
7.4.5 By End-User
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Software Tools
7.5.3 By Application
7.5.4 By Technology
7.5.5 By End-User
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Software Tools
7.6.3 By Application
7.6.4 By Technology
7.6.5 By End-User
8. Key Player Analysis
8.1 Apple
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Google
8.3 Microsoft
8.4 IBM
8.5 Affectiva
8.6 Beyond Verbal
8.7 Noldus Information Technology
8.8 NEC Corporation
8.9 Sentiance
8.10 Cognitec Systems
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
