Emotion Detection and Recognition Technology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 02/08/2017 -- Emotion recognition is a technique used in software which provides a program with the access to read emotions on a human face by means of advanced image processing technology. This software can capture micro-expressions that are helpful for security purposes. Emotion detection and recognition technologies have been able to capture a range of body languages that slip by unnoticed in real time by humans themselves. Bio-sensing and facial sensing software is used across multiple industry verticals to analyze information about a particular subject. Companies experiment with a combination of sophisticated algorithms and image processing techniques to understand human emotions better.
The global emotion detection and recognition market has been segmented on the basis of technology into the following categories: bio-sensors, feature extraction, pattern recognition, and 3D modelling. Its application areas include marketing, law enforcement, consumer electronics, and surveillance. Aerospace & defense, automotive, and security, among other industrial sectors are the market's primary end-users. The global emotion detection and recognition technology market is distributed in terms of geography over North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Technological advancement has been a major reason contributing to the global growth of emotion detection and recognition, besides the rising trend of wearable technology. In addition to this, there has also been a surge in the prominence of the internet of things (IOT) technology which has also aided the expansion of this market. At present, the extreme penetration of mobile phones has caused the escalation of complexities, pushing the demand for this technology to be implemented, thereby propelling the market. It has also fulfilled the functional requirements of consumers, providing a more secure human-based technology which analyzes emotions. However, there are certain restraints which negatively affect the growth of the emotion detection and recognition technology. High application costs and functional requirements associated with the execution of this technology have been major challenges that the market is expected to overcome in the near future. However, with its increasing development, there is huge scope for improvement during the forecast period.
Geographically, North America and Europe form a major market for emotion detection and recognition due to technological advancements along with a high demand for wearable devices in these regions. Asia Pacific has been another major region that has contributed to this market globally apart from being a rapidly growing continent comprising major contributors such as China, Japan, and India. The rise in the research and development sector along with technological improvements have pushed the demand for application of this technology. Moreover, a surge in government grants to improve the health care sector also plays an important role.
Key players operating in the global emotion detection and recognition technology market include Affectiva, Eyeris, and Emotient in the U.S.; Noldus and Sight Corp in the Netherlands, and Tobii in Sweden.