Emotion Detection and Recognition Market, By Component, By Technology, By End User, By Geography

Description

The Global Emotion Detection and Recognition (EDR) Market is estimated to be valued at US$ 49.54 Bn in 2024 and is expected to reach US$ 172.83 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 19.5% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 49.54 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	19.50%	2031 Value Projection:	US$ 172.83 Bn

Figure. Emotion Detection and Recognition (EDR) Market Share (%), By Region 2024

Emotion Detection and Recognition Market - IMG1

Emotion detection and recognition (EDR) technology is gaining widespread popularity as it facilitates analyzing human emotions and feelings to improve human-computer interaction. By leveraging machine learning algorithms, EDR analyzes facial expressions, speech, gait, and body language to identify emotions. This enables gaining valuable insights into customer sentiments, assessing mental health conditions, and developing more intuitive virtual assistants and robots. With widespread digitization and IoT integration, the ability to detect human emotions is becoming increasingly important across various domains. The global Emotion detection and recognition (EDR) technology market is projected to grow substantially on account of rising deployment of advanced technologies like AI and big data analytics across multiple industries.

Market Dynamics:

The global emotion detection and recognition market growth is driven by increasing investments in AI and big data technologies. Growing demand for personalized and intuitive user experiences has prompted organizations to incorporate EDR solutions. However, high costs of development and lower accuracy rates compared to human judgment remain key challenges. Younger demographics are more accepting of emotion AI, presenting opportunities for market players. Industry use cases spanning healthcare, automotive, ed-tech, entertainment are stimulating demand. Nonetheless, data privacy regulations and need for specialized expertise impose restraints. The market is expected to witness higher investments to improve emotion detection algorithms and expand use case applications.

Key features of the study:

This report provides in-depth analysis of the global emotion detection and recognition market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global emotion detection and recognition market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Affectiva (a subsidiary of Smart Eye), AIBM Watson, Beyond Verbal, EmoVu, Face++ (a part of Megvii Technology), Noldus Information Technology, Realeyes, Sension, Sensum, iMotions, Xpression, Neuro-Insight, Cognitec Systems, NuraLogix, and Hume AI

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global emotion detection and recognition market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global emotion detection and recognition market.

Detailed Segmentation:

By Component
- Software
- Hardware
By Technology
- Facial Expression Recognition
- Speech and Voice Recognition
- Gesture Recognition
- Biometrics
By End User
- Enterprises
- Government and Defense
- Individuals
By Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- Affectiva (a subsidiary of Smart Eye)
- AIBM Watson
- Beyond Verbal
- EmoVu
- Face++ (a part of Megvii Technology)
- Noldus Information Technology
- Realeyes
- Sension
- Sensum
- iMotions
- Xpression
- Neuro-Insight
- Cognitec Systems
- NuraLogix
- Hume AI

Product Code: CMI5349

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Component
- Market Snippet, By Technology
- Market Snippet, By End User
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Emotion Detection and Recognition (EDR) Market, By Component, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Software
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Hardware
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Emotion Detection and Recognition (EDR) Market, By Technology, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Facial Expression Recognition
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Speech and Voice Recognition
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Gesture Recognition
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Biometrics
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Emotion Detection and Recognition (EDR) Market, By End User, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Enterprises
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Government and Defense
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Individuals
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global Emotion Detection and Recognition (EDR) Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - Israel
  - GCC Countries
  - Rest of the Middle East &Africa

8. Competitive Landscape

Company Profiles
- Affectiva (a subsidiary of Smart Eye)
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- AIBM Watson
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Beyond Verbal
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- EmoVu
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Face++ (a part of Megvii Technology)
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Noldus Information Technology
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Realeyes
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Sension
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Sensum
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- iMotions
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Xpression
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Neuro-Insight
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Cognitec Systems
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- NuraLogix
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Hume AI
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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