Emotion Detection and Recognition Market Trend, Share, Growth, Size, Analysis and Forecast 2030

Emotion Detection And Recognition Market Size

The global Emotion Detection and Recognition market accrued earnings worth approximately 18.9(USD Billion) in 2019 and is predicted to gain revenue of about 36.1(USD Billion) by 2026, is set to record a CAGR of nearly 11.2% over the period from 2020 to 2026. The report offers an assessment and analysis of the Emotion Detection and Recognition market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

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Emotion Detection and Recognition Market: Overview

Emotion detection & recognition is a technique for detecting as well as recognizing human emotions through incorporating technical abilities such as bio-sensing, pattern recognition, facial recognition, machine learning, and speech & voice recognition. Furthermore, the EDR or emotion detection & recognition device helps in determining the key human emotions such as fear, happiness, anger, joy, and disgust through the use of machine learning algorithms & sensors. These devices are utilized in myriad domains such as marketing, robotics, education, and entertainment requiring human emotions. With new computing technologies and IoT, the market for emotion detection and recognition is projected to gain traction over the assessment period.

Furthermore, emotion detection & recognition tools make use of EEG, ECG, GSR or Galvanic Skin Response, Heart Rate Variability, Respiration Rate Analysis, Skin Temperature Measurements, EMG, and EOG for measuring electric impulses occurring in the human nervous system due to emotions along with assessing the changes occurring in the human nervous system cause as a result of emotions.

Global Emotion Detection and Recognition Market: Report Scope:

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Emotion Detection and Recognition Market Growth Dynamics

With the growing trend of using smart systems and the demand for novel technologies having the ability for assessing the emotional quotient of consumers to judge their buying behavior & purchasing patterns as well as preferences will drive the market growth. Emotion detection and recognition tools are used in robotics for creating service robots that can understand human emotions and interact with them effectively. Additionally, these tools make use of machine learning, AI, NLP techniques, deep learning techniques, and other algorithms for creating such smart robots. Apparently, emotion detection & recognition systems are used in education for enhancing the learning curve of the students & their perception, thereby helping the teacher effectively transfer the knowledge to students.

All these aforementioned aspects are anticipated to create lucrative growth avenues for the emotion detection and recognition industry over the projected timeframe.Furthermore, these technologies are used by the promoters for marketing their services or products by developing special advertisements based on the emotional state of the potential consumer during different intervals of time. In the entertainment sector, emotion detection and recognition tools assist the players in targeting the audience for optimizing their profit margins. This, in turn, will boost the market trends.

North America To Embellish Market Size Over 2020-2026

The regional market growth during the assessment period is credited to the massive use of speech & voice recognizing tools by customers & firms in the countries like Canada and the U.S. In addition to this, breakthroughs in voice recognition systems for effectively detecting & analyzing emotional states in the people along with its use for diagnosing autism in children as well as emotional disturbances in them will drive the regional market trends. The presence of giant players in the countries such as the U.S. will steer the expansion of the emotion detection and recognition industry in North America over the years ahead.

Key Market Players & Competitive Landscape:

Key players influencing the market growth and profiled in the report are NEC Global (Japan), Sony Depthsense (Belgium), Numenta (U.S.),  Beyond Verbal (Israel), Ayonix (Japan), Elliptic Labs (Norway), IBM (U.S.), Intel (U.S.), Cognitec Systems (Germany), Eyeris (U.S.), Microsoft (U.S.), Apple (U.S.), Crowd Emotion (UK), Kairos (U.S.), GestureTek (Canada), Noldus Technology (Netherlands), Google (U.S.), Sentiance (Belgium), Tobii (Sweden), Cipia Vision Ltd (Formerly Eyesight Technologies) (Israel), Sightcorp (Holland), iMotions (Denmark), PointGrab (U.S.), Affectiva (U.S.), nViso (Switzerland), and Pyreos (UK).

The global Emotion Detection and Recognition Market is segmented as follows:

By End-User

• Government
• Retail
• Healthcare
• Entertainment

By Component

• Software
• Services

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa