Global Emotion Detection and Recognition Market Growth, Size, Share, Industry Report and Forecast 2020-2026


Posted October 2, 2020 by mansi3210

Global Emotion Detection and Recognition Market Size, Share & Trends Analysis Report, By Software , By End-User and Forecast, 2020-2026
 
The global emotion detection and recognition market is estimated to grow at a CAGR of nearly 19.2% during the forecast period. Rising number of smart city projects across the countries is offering an opportunity for market growth. Smart city projects are gaining significance in several countries such as the US, China, India, and Germany. As per the German Asia-Pacific Business Association, it has been shown that more than 500 cities in China have already been working to the new smart city initiative “PATH. Tencent Holdings, Inc., Huawei Technologies Co., Ltd., and Alibaba Group Holding Ltd. are the major companies involved in the country’s smart city projects.

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The rising investment for smart city projects to drive the adoption of emotion detection and recognition technology to identify citizens’ emotions and prevent criminal activities in the city. The concept of a smart city aims to improve the quality of life of citizens with the use of various technological interactions, which can be also used to capture the emotions of citizens regarding the city's areas. Every day, the citizens suffer from a range of emotions due to several factors including car noises, violence, trash and pollution or street illumination.

The techniques that can be used to capture the citizens' emotions comprise galvanic skin response (GSR), heart rate (HR), heart rate variability (HRV) and, measured by wearable wireless sensors. This can be useful to solve citizens problems easily and quickly. Further, the providers of emotion detection technologies are looking for an opportunity in smart cities and introducing platforms that can contribute to a more accurate recognition of citizens’ emotions. For instance, in May 2020, Advantech Co., Ltd. declared the introduction of its FaceView industrial app. Advantech’s FaceView enables to offer accurate and real-time facial recognition for remote access and contactless services in the hospitality, transportation, retail, and smart buildings. This is achieved through leveraging FaceMe, an AI inference engine by CyberLink.

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FaceView offers real-time facial detection in terms of emotion, identity, age, and gender along with visitor management, visitor behavior analytics dashboard, and notification functions. With Advantech’s Edge AI hardware platform and CyberLink’s AI engine as the core system, FaceView is intended to realize intelligent visitor access control and management in the smart city domain. The use of emotion recognition technologies can act as a preventive tool for criminal activities in smart cities and make it safer for citizens. Therefore, the rising smart city projects are expected to offer an opportunity for the global emotion detection and recognition market.

Global Emotion Detection and Recognition Market- Segmentation
By Software

• Facial Recognition
• Speech and Voice Recognition
• Biosensing
• Others

By End-User

• Commercial
• Defense
• Industrial
• Others

Global Emotion Detection and Recognition Market– Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World

Company Profiles

• Affectiva, Inc.
• Amazon Web Services, Inc.
• Apple Inc.
• audEERING GmbH
• Ayonix Corp.
• Cognitec Systems GmbH
• Element Human Ltd (a Crowd Emotion Company)
• Emotibot Technologies Ltd.
• Eyeris
• Eyesight Technologies Ltd.
• Google LLC
• IBM Corp.
• iMotions A/S
• Kairos AR, Inc.
• Kia Motors Corp.
• Microsoft Corp.
• NEC Corp.
• Noldus Information Technology BV
• NVISO SA
• Realeyes OÜ
• Sentiance NV
• Sightcorp B.V.
• Tobii AB
• Vocalis Health

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Last Updated October 2, 2020