Emotion Detection & Recognition Market To Reach $136.46 Billion By 2030

Emotion Detection & Recognition Market Growth & Trends

The global emotion detection & recognition market size is estimated to reach USD 136.46 billion by 2030, registering to grow at a CAGR of 16.0% from 2024 to 2030 according to a new report by Grand View Research, Inc. The increasing demand for emotional intelligence across sectors and the growing use of emotion detection and recognition solutions among businesses are driving the demand for emotion recognition software.

However, privacy concerns over data harvesting are projected to limit the market expansion to some extent. The growing use of voice-driven and gesture-driven navigation systems and workstations propels growth in the software and hardware segments. Furthermore, substantial development in IoT-based technologies, amplified adoption of wearable technologies, and immense growth in the use of smartphones are also fostering the growth of the market.

Emotion detection and recognition techniques are widely utilized to gauge consumer satisfaction through video evaluation and image processing. It can identify a customer's mood in a variety of demographic categories. Emotion detection using AI technology integration is also gaining significant prominence. Thus, artificial intelligence and emotion detection experts collaborate with business teams to improve the shopping experience.

One of the primary reasons fueling the expansion of the emotion detection and recognition market is the increasing need for enhanced security solutions. The need for emotion detection and recognition solutions is predicted to rise as the demand for efficient systems to monitor crowd behavior and detect possible threats grows.

The market for emotion detection and identification is projected to witness prominent growth in the coming years due to the continuing advancement of machine learning and natural language processing. Additionally, the emotion detection and identification industry are expected to benefit from sentiment analysis based on changes in facial expression.

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Emotion Detection & Recognition Market Report Highlights

• The software segment dominated the market with a revenue share of 66.4% in 2023.

• The gesture & posture recognition tools segment held the leading market share in 2023. This is attributed to the increasing demand for non-intrusive and non-verbal emotional intelligence, which can be effectively captured through gesture and posture analysis. 

• The Natural Language Processing (NLP) segment accounted for the largest market share in 2023.

• The surveillance and monitoring segment held the largest revenue share in 2023. This is attributed to the escalating demand for advanced security and public safety solutions that leverage the features of emotional intelligence.

• The healthcare & life sciences segment held the largest market share in 2023.  

Emotion Detection & Recognition Market Segmentation

Grand View Research has segmented the global emotion detection & recognition market based on component, tools, technology, application, end-use, and region:

Emotion Detection & Recognition Component Outlook (Revenue, USD Million, 2017 - 2030)

• Software

• Services

Emotion Detection & Recognition Tools Outlook (Revenue, USD Million, 2017 - 2030)

• Facial Recognition

• Speech & Voice Recognition

• Gesture & Posture Recognition

Emotion Detection & Recognition Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Bio sensors technology

• Machine Learning

• Pattern Recognition

• Feature Extraction

• Natural Language Processing

Emotion Detection & Recognition Application Outlook (Revenue, USD Million, 2017 - 2030)

• Surveillance and Monitoring

• Marketing and Advertising

• Robotics and eLearning

• Medical Emergency

• Others

Emotion Detection & Recognition End-use Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI

• Healthcare & Life Sciences

• IT & Telecommunication

• Retail and eCommerce

• Education

• Media and Entertainment

• Automotive

• Others (Government, Hospitality, Manufacturing, etc.)

Emotion Detection & Recognition Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • Japan

  • India

  • China

• South America

  • Brazil

• Middle East & Africa

List of Key Players in the Emotion Detection & Recognition Market

• Affectiva

• Apple Inc.

• Eyeris

• Kairos AR, Inc.

• Noldus Information Technology BV

• Realeyes

• Sentiance NV

• Raydiant

• SkyBiometry

• NVISO

• Q3 Technologies LLC

• Paravision

• NEC Corporation

• Tobii

• Cognitec Systems GmbH