Emotion Detection and Recognition Market Report: Trends, Forecast and Competitive Analysis to 2030

Emotion Detection and Recognition Trends and Forecast

The future of the global emotion detection and recognition market looks promising with opportunities in the academia and research, media and entertainment, IT and ITes, healthcare and social assistance, telecommunications, retail and ecommerce, automotive, andBFSI markets. The global emotion detection and recognition market is expected to reach an estimated $59.2 billion by 2030 with a CAGR of 13.2% from 2024 to 2030. The major drivers for this market are increasing demand for biometric security system and rising popularity of wearable device.

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Emotion Detection and Recognition by Segment

The study includes a forecast for the global emotion detection and recognition by component, application, end use, and region.

Emotion Detection and Recognition Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Software
• Services

Emotion Detection and Recognition Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Medical Emergency
• Marketing and Advertising
• Law Enforcement, Surveillance, and Monitoring
• Entertainment and Consumer Electronics
• Others

Emotion Detection and Recognition Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Academia and Research
• Media and Entertainment
• IT and ITES
• Healthcare and Social Assistance
• Telecommunications
• Retail and eCommerce
• Automotive
• BFSI
• Others

Emotion Detection and Recognition Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Emotion Detection and Recognition Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies emotion detection and recognition companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the emotion detection and recognition companies profiled in this report include-

• NEC
• IBM
• Microsoft
• Apple
• Google

Emotion Detection and Recognition Market Insights

Lucintel forecasts that service is expected to witness the highest growth over the forecast period.

Within this market, healthcare and social assistance is expected to witness the highest growth over the forecast period.

North America is expected to witness highest growth over the forecast period.

Features of the Global Emotion Detection and Recognition Market

Market Size Estimates: Emotion detection and recognition market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Emotion detection and recognition market size by component, application, end use, and region in terms of value ($B).

Regional Analysis: Emotion detection and recognition market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different components, applications, end uses, and regions for the emotion detection and recognition market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the emotion detection and recognition market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the emotion detection and recognition market size?

Answer: The global emotion detection and recognition market is expected to reach an estimated $59.2 billion by 2030.

Q2. What is the growth forecast for emotion detection and recognition market?

Answer: The global emotion detection and recognition market is expected to grow with a CAGR of 13.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the emotion detection and recognition market?

Answer: The major drivers for this market are increasing demand for biometric security system and rising popularity of wearable device.

Q4. What are the major segments for emotion detection and recognition market?

Answer: The future of the emotion detection and recognition market looks promising with opportunities in the academia and research, media and entertainment, IT and ITes, healthcare and social assistance, telecommunications, retail and ecommerce, automotive, andBFSI markets.

Q5. Who are the key emotion detection and recognition market companies?

Answer: Some of the key emotion detection and recognition companies are as follows:

• NEC
• IBM
• Microsoft
• Apple
• Google

Q6. Which emotion detection and recognition market segment will be the largest in future?

Answer: Lucintel forecasts that service is expected to witness the highest growth over the forecast period.

Q7. In emotion detection and recognition market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the emotion detection and recognition market by component (software and services), application (medical emergency, marketing and advertising, law enforcement, surveillance, and monitoring, entertainment and consumer electronics, and others), end use (academia and research, media and entertainment, IT and ITes, healthcare and social assistance, telecommunications, retail and ecommerce, automotive,BFSI, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?