Affective Computing Market - Forecast(2024 - 2030)
Affective Computing Market Overview
Affective Computing Market is estimated to reach $90.9 billion by 2026, and is expected to grow at a CAGR of 22.8% during the forecast period from 2021 to 2026. The affective computing platform enables a computational device to sense and responds in real-time through artificial emotional intelligence or emotion AI, a user’s non-verbal emotional cues, using video, gesture and moment, physiology and other behavior communicate to the interface. Day-by-day increase demand for virtual assistants, advancement to detect the counter fraudulent activities, and enhanced security in the automotive and banking sectors have contributed ample amount of growth to the overall active computing market. The camera is one of the critical components in the overall affective computing using the application, is estimated to be the fastest-growing segment during the forecast period, and helps to support the affective computing making commercial facilities, public place, and government agencies.
Affective Computing Market Report Coverage
The report: “Affective Computing Market – Forecast
(2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments
of the Affective Computing Market.
By Technology: Touch Based,
Touchless
By Component: Hardware (Camera,
Sensor, Storage and Others), Software (Speech Recognition, Gesture Recognition
and Others)
By Industry Vertical: Academic
and Research, Media and Entertainment, Healthcare and Lifescience, Government
and Defense, Automotive and Others
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, France, UK, Italy,
Spain, Russia, Netherlands and Others), APAC (China, Japan, South Korea, India,
Australia, Indonesia, Malaysia and Others), South America (Brazil, Argentina, Chile, Colombia and Others), RoW (Middle East and Africa)
Key Takeaways
- North America held a major market share of more than 32% in 2020 for the Affective Computing Market, majorly dominated by the U.S. North America is one of the promising regions for some of the most active research machine intelligence and Natural language understanding organizations, engaged in developing technologically advanced computing devices.
- The speech recognitions software solution is one of the promising sub-segment under the software segment. These analytics software are used to provide different results per the requirement of users. This analytical software majorly compromises of neural analytics and predictive analytics software includes different programming languages such as R and Python that helps to make the netter prediction for the affective computing system.
- Artificial Intelligence in healthcare has been growing and to have a significant effect to drive the particular application. Babylon-Health is one of the major companies that focuses on healthcare application to offer better services to their customers.
Affective Computing Market Segment Analysis - By Vertical
Healthcare and
life science segment are expected to grow at the highest CAGR of 25.3% during
the forecast period. The healthcare segment has the potential and having more
advanced applications for affective computing. Healthcare companies are
focusing on innovative developments that affecting the Affective Computing Market, which is majorly focusing on medical care professionals, majorly
focusing on advanced technology that is expected to help the medical
professional to the mental condition of the various patients through artificial
emotional intelligence or emotion AI.
Additionally,
different healthcare and medical device companies are majorly focusing to
develop advanced patient monitoring devices that are mostly used to detect
facial recognition through passive sensors to monitor the patient. Empatica is
one of the prominent companies in the healthcare industry, which offers
wearable effective computing devices for healthcare applications. The company
is currently focusing to expand its operation across the globe mainly the U.S.,
and Europe to serve better to its end-user customers.
Affective Computing Market Segment Analysis - By Component
The Affective Computing Market is classified into hardware and
software segments. Speech recognition sub-segment is currently dominating the
software segment for the Affective Computing Market with a share of 54% of the
software market in 2020. Affective computing offers to explore emotion
recognition from continuous speech and recommend a real-time speech emotion
recognition system. This affective computing system comprises of voice activity
detection, speech recognition, and signal pre-processing future extraction,
emotional classification through artificial emotional intelligence ro emotion
AI, and statistical analysis of emotion frequency. This speech recognition
system is capable of investing in the application of the developed real-time
speech emotion system in online learning.
Affective Computing Market Segment Analysis - By Geography
North America region dominated the Affective Computing Market with a share of more than 32.8%, followed by
Europe and APAC in 2020. North America is one of the prominent regions to adopt
technological advancement include artificial emotional intelligence or emotion
AI on an extensive scale. Continuously improved infrastructure for AI in the
North American region is consists of mature infrastructure required for
deployment of affective computing. The increasing adoption rate of robotics in
this region is one of another factor that penetrates the adoption and growth of Affective Computing Market.
Affective Computing, By Component, 2020
Affective Computing Market Drivers
Enabling Communication of User Emotion
With the help of affective computing, people are expressing emotion to the machines, but the machines do not recognize this naturally. Emotion communication requires significant computing capability from the send and receive end. Various companies are engaged in developing building tools to facilitate deliberate emotional expression by people and allow the machine to recognize patterns for such type of expression. With the help of an affective computing system, this emotion can be sensed by interrupting the user for feedback. Various organizations are exploring multi-modal means of emotional communication. Current recognition rates are up to 81% in automatically detecting and recognizing, which of multiple emotions a hum being expressed through four physiological channels that help the affective computing system to perform properly.
Building tools to develop social emotional skill
Different
associations and companies are investing in research and developments to have a
severely impaired social-emotional skills have sometimes expressed that they
love communicating by computer. The computers are allowed for the little
transmission of non-verbal affective information and help level the playing
field for then to communicate with non-autistics. With the help of advanced
technology such as artificial emotional intelligence or emotion AI, companies
developed a system that is aimed at helping young autistic children learn to
associate emotions with expressions and with the particular situation. These
advanced building tools help to develop social-emotional skills for the
Affective Computing Market Challenges
Modeling is a major challenge for Affective Computing
The artificial intelligence includes
machine learning associated with the model building process problems associated
with emotional mapping. Companies are facing the effect of emotion on decision
making and behavior and the majority of these data were collected in a highly
artificial lab environment. Additionally, within the research laboratory, much
disagreement exists regarding the types of mechanisms that mediate the effects
of emotions, to the extent that attempts have even been made to characterize
this mechanism through artificial emotional intelligence and emotion AI. So
companies’ need to focus on these issue associated with while doing the model
building for affective computing.
Affective Computing Market Landscape
Technology launches,
acquisitions, and R&D activities are key strategies adopted by players for
the Affective Computing Market. In 2018, the market of Affective Computing has
been fragmented by the top five players accounting for around 28% of the market
share from the global market. Major players in the Affective Computing Market are, Apple Inc., Google Inc., Qualcomm Inc., and Microsoft Corporation, Elliptic
Labs, Intel, Cognitec Systems, Pyreos, IBM, SightCorp among others.
Acquisitions/Technology Launches
In June 2019, Microsoft Corporation has launched the introduction of four new games eyes first games on Microsoft windows store for Windows, includes Tile Side, Double Up, Match Two and Maze. These games are specially made for the people those are speech and mobility disabilities and these games are powered by Windows 10 eye tracking APIs and can be used with or without Windows 10 Eye Control.
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LIST OF TABLES
1.Global Affective Computing Market Analysis By Technology Market 2023-2030 ($M)1.1 Touch-Based Market 2023-2030 ($M) - Global Industry Research
1.2 Touchless Market 2023-2030 ($M) - Global Industry Research
2.Global Affective Computing Market Analysis By Software Market 2023-2030 ($M)
2.1 Speech Recognition Market 2023-2030 ($M) - Global Industry Research
2.2 Gesture Recognition Market 2023-2030 ($M) - Global Industry Research
2.3 Facial Feature Extraction Market 2023-2030 ($M) - Global Industry Research
2.4 Analytics Software Market 2023-2030 ($M) - Global Industry Research
2.5 Enterprise Software Market 2023-2030 ($M) - Global Industry Research
3.Global Affective Computing Market Analysis By Hardware Market 2023-2030 ($M)
3.1 Sensors Market 2023-2030 ($M) - Global Industry Research
3.2 Cameras Market 2023-2030 ($M) - Global Industry Research
3.3 Storage Devices & Processors Market 2023-2030 ($M) - Global Industry Research
4.Global Affective Computing Market Analysis By Vertical Market 2023-2030 ($M)
4.1 Academia & Research Market 2023-2030 ($M) - Global Industry Research
4.2 Media & Entertainment Market 2023-2030 ($M) - Global Industry Research
4.3 Government & Defense Market 2023-2030 ($M) - Global Industry Research
4.4 Healthcare & Life Sciences Market 2023-2030 ($M) - Global Industry Research
4.5 IT & Telecom Market 2023-2030 ($M) - Global Industry Research
4.6 Retail & E-Commerce Market 2023-2030 ($M) - Global Industry Research
4.7 Automotive Market 2023-2030 ($M) - Global Industry Research
5.Global Affective Computing Market Competitive Landscape Market 2023-2030 ($M)
5.1 Overview Market 2023-2030 ($M) - Global Industry Research
6.Global Affective Computing Market Analysis By Technology Market 2023-2030 (Volume/Units)
6.1 Touch-Based Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Touchless Market 2023-2030 (Volume/Units) - Global Industry Research
7.Global Affective Computing Market Analysis By Software Market 2023-2030 (Volume/Units)
7.1 Speech Recognition Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 Gesture Recognition Market 2023-2030 (Volume/Units) - Global Industry Research
7.3 Facial Feature Extraction Market 2023-2030 (Volume/Units) - Global Industry Research
7.4 Analytics Software Market 2023-2030 (Volume/Units) - Global Industry Research
7.5 Enterprise Software Market 2023-2030 (Volume/Units) - Global Industry Research
8.Global Affective Computing Market Analysis By Hardware Market 2023-2030 (Volume/Units)
8.1 Sensors Market 2023-2030 (Volume/Units) - Global Industry Research
8.2 Cameras Market 2023-2030 (Volume/Units) - Global Industry Research
8.3 Storage Devices & Processors Market 2023-2030 (Volume/Units) - Global Industry Research
9.Global Affective Computing Market Analysis By Vertical Market 2023-2030 (Volume/Units)
9.1 Academia & Research Market 2023-2030 (Volume/Units) - Global Industry Research
9.2 Media & Entertainment Market 2023-2030 (Volume/Units) - Global Industry Research
9.3 Government & Defense Market 2023-2030 (Volume/Units) - Global Industry Research
9.4 Healthcare & Life Sciences Market 2023-2030 (Volume/Units) - Global Industry Research
9.5 IT & Telecom Market 2023-2030 (Volume/Units) - Global Industry Research
9.6 Retail & E-Commerce Market 2023-2030 (Volume/Units) - Global Industry Research
9.7 Automotive Market 2023-2030 (Volume/Units) - Global Industry Research
10.Global Affective Computing Market Competitive Landscape Market 2023-2030 (Volume/Units)
10.1 Overview Market 2023-2030 (Volume/Units) - Global Industry Research
11.North America Affective Computing Market Analysis By Technology Market 2023-2030 ($M)
11.1 Touch-Based Market 2023-2030 ($M) - Regional Industry Research
11.2 Touchless Market 2023-2030 ($M) - Regional Industry Research
12.North America Affective Computing Market Analysis By Software Market 2023-2030 ($M)
12.1 Speech Recognition Market 2023-2030 ($M) - Regional Industry Research
12.2 Gesture Recognition Market 2023-2030 ($M) - Regional Industry Research
12.3 Facial Feature Extraction Market 2023-2030 ($M) - Regional Industry Research
12.4 Analytics Software Market 2023-2030 ($M) - Regional Industry Research
12.5 Enterprise Software Market 2023-2030 ($M) - Regional Industry Research
13.North America Affective Computing Market Analysis By Hardware Market 2023-2030 ($M)
13.1 Sensors Market 2023-2030 ($M) - Regional Industry Research
13.2 Cameras Market 2023-2030 ($M) - Regional Industry Research
13.3 Storage Devices & Processors Market 2023-2030 ($M) - Regional Industry Research
14.North America Affective Computing Market Analysis By Vertical Market 2023-2030 ($M)
14.1 Academia & Research Market 2023-2030 ($M) - Regional Industry Research
14.2 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
14.3 Government & Defense Market 2023-2030 ($M) - Regional Industry Research
14.4 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
14.5 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
14.6 Retail & E-Commerce Market 2023-2030 ($M) - Regional Industry Research
14.7 Automotive Market 2023-2030 ($M) - Regional Industry Research
15.North America Affective Computing Market Competitive Landscape Market 2023-2030 ($M)
15.1 Overview Market 2023-2030 ($M) - Regional Industry Research
16.South America Affective Computing Market Analysis By Technology Market 2023-2030 ($M)
16.1 Touch-Based Market 2023-2030 ($M) - Regional Industry Research
16.2 Touchless Market 2023-2030 ($M) - Regional Industry Research
17.South America Affective Computing Market Analysis By Software Market 2023-2030 ($M)
17.1 Speech Recognition Market 2023-2030 ($M) - Regional Industry Research
17.2 Gesture Recognition Market 2023-2030 ($M) - Regional Industry Research
17.3 Facial Feature Extraction Market 2023-2030 ($M) - Regional Industry Research
17.4 Analytics Software Market 2023-2030 ($M) - Regional Industry Research
17.5 Enterprise Software Market 2023-2030 ($M) - Regional Industry Research
18.South America Affective Computing Market Analysis By Hardware Market 2023-2030 ($M)
18.1 Sensors Market 2023-2030 ($M) - Regional Industry Research
18.2 Cameras Market 2023-2030 ($M) - Regional Industry Research
18.3 Storage Devices & Processors Market 2023-2030 ($M) - Regional Industry Research
19.South America Affective Computing Market Analysis By Vertical Market 2023-2030 ($M)
19.1 Academia & Research Market 2023-2030 ($M) - Regional Industry Research
19.2 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
19.3 Government & Defense Market 2023-2030 ($M) - Regional Industry Research
19.4 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
19.5 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
19.6 Retail & E-Commerce Market 2023-2030 ($M) - Regional Industry Research
19.7 Automotive Market 2023-2030 ($M) - Regional Industry Research
20.South America Affective Computing Market Competitive Landscape Market 2023-2030 ($M)
20.1 Overview Market 2023-2030 ($M) - Regional Industry Research
21.Europe Affective Computing Market Analysis By Technology Market 2023-2030 ($M)
21.1 Touch-Based Market 2023-2030 ($M) - Regional Industry Research
21.2 Touchless Market 2023-2030 ($M) - Regional Industry Research
22.Europe Affective Computing Market Analysis By Software Market 2023-2030 ($M)
22.1 Speech Recognition Market 2023-2030 ($M) - Regional Industry Research
22.2 Gesture Recognition Market 2023-2030 ($M) - Regional Industry Research
22.3 Facial Feature Extraction Market 2023-2030 ($M) - Regional Industry Research
22.4 Analytics Software Market 2023-2030 ($M) - Regional Industry Research
22.5 Enterprise Software Market 2023-2030 ($M) - Regional Industry Research
23.Europe Affective Computing Market Analysis By Hardware Market 2023-2030 ($M)
23.1 Sensors Market 2023-2030 ($M) - Regional Industry Research
23.2 Cameras Market 2023-2030 ($M) - Regional Industry Research
23.3 Storage Devices & Processors Market 2023-2030 ($M) - Regional Industry Research
24.Europe Affective Computing Market Analysis By Vertical Market 2023-2030 ($M)
24.1 Academia & Research Market 2023-2030 ($M) - Regional Industry Research
24.2 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
24.3 Government & Defense Market 2023-2030 ($M) - Regional Industry Research
24.4 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
24.5 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
24.6 Retail & E-Commerce Market 2023-2030 ($M) - Regional Industry Research
24.7 Automotive Market 2023-2030 ($M) - Regional Industry Research
25.Europe Affective Computing Market Competitive Landscape Market 2023-2030 ($M)
25.1 Overview Market 2023-2030 ($M) - Regional Industry Research
26.APAC Affective Computing Market Analysis By Technology Market 2023-2030 ($M)
26.1 Touch-Based Market 2023-2030 ($M) - Regional Industry Research
26.2 Touchless Market 2023-2030 ($M) - Regional Industry Research
27.APAC Affective Computing Market Analysis By Software Market 2023-2030 ($M)
27.1 Speech Recognition Market 2023-2030 ($M) - Regional Industry Research
27.2 Gesture Recognition Market 2023-2030 ($M) - Regional Industry Research
27.3 Facial Feature Extraction Market 2023-2030 ($M) - Regional Industry Research
27.4 Analytics Software Market 2023-2030 ($M) - Regional Industry Research
27.5 Enterprise Software Market 2023-2030 ($M) - Regional Industry Research
28.APAC Affective Computing Market Analysis By Hardware Market 2023-2030 ($M)
28.1 Sensors Market 2023-2030 ($M) - Regional Industry Research
28.2 Cameras Market 2023-2030 ($M) - Regional Industry Research
28.3 Storage Devices & Processors Market 2023-2030 ($M) - Regional Industry Research
29.APAC Affective Computing Market Analysis By Vertical Market 2023-2030 ($M)
29.1 Academia & Research Market 2023-2030 ($M) - Regional Industry Research
29.2 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
29.3 Government & Defense Market 2023-2030 ($M) - Regional Industry Research
29.4 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
29.5 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
29.6 Retail & E-Commerce Market 2023-2030 ($M) - Regional Industry Research
29.7 Automotive Market 2023-2030 ($M) - Regional Industry Research
30.APAC Affective Computing Market Competitive Landscape Market 2023-2030 ($M)
30.1 Overview Market 2023-2030 ($M) - Regional Industry Research
31.MENA Affective Computing Market Analysis By Technology Market 2023-2030 ($M)
31.1 Touch-Based Market 2023-2030 ($M) - Regional Industry Research
31.2 Touchless Market 2023-2030 ($M) - Regional Industry Research
32.MENA Affective Computing Market Analysis By Software Market 2023-2030 ($M)
32.1 Speech Recognition Market 2023-2030 ($M) - Regional Industry Research
32.2 Gesture Recognition Market 2023-2030 ($M) - Regional Industry Research
32.3 Facial Feature Extraction Market 2023-2030 ($M) - Regional Industry Research
32.4 Analytics Software Market 2023-2030 ($M) - Regional Industry Research
32.5 Enterprise Software Market 2023-2030 ($M) - Regional Industry Research
33.MENA Affective Computing Market Analysis By Hardware Market 2023-2030 ($M)
33.1 Sensors Market 2023-2030 ($M) - Regional Industry Research
33.2 Cameras Market 2023-2030 ($M) - Regional Industry Research
33.3 Storage Devices & Processors Market 2023-2030 ($M) - Regional Industry Research
34.MENA Affective Computing Market Analysis By Vertical Market 2023-2030 ($M)
34.1 Academia & Research Market 2023-2030 ($M) - Regional Industry Research
34.2 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
34.3 Government & Defense Market 2023-2030 ($M) - Regional Industry Research
34.4 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
34.5 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
34.6 Retail & E-Commerce Market 2023-2030 ($M) - Regional Industry Research
34.7 Automotive Market 2023-2030 ($M) - Regional Industry Research
35.MENA Affective Computing Market Competitive Landscape Market 2023-2030 ($M)
35.1 Overview Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Affective Computing Market Revenue, 2023-2030 ($M)2.Canada Affective Computing Market Revenue, 2023-2030 ($M)
3.Mexico Affective Computing Market Revenue, 2023-2030 ($M)
4.Brazil Affective Computing Market Revenue, 2023-2030 ($M)
5.Argentina Affective Computing Market Revenue, 2023-2030 ($M)
6.Peru Affective Computing Market Revenue, 2023-2030 ($M)
7.Colombia Affective Computing Market Revenue, 2023-2030 ($M)
8.Chile Affective Computing Market Revenue, 2023-2030 ($M)
9.Rest of South America Affective Computing Market Revenue, 2023-2030 ($M)
10.UK Affective Computing Market Revenue, 2023-2030 ($M)
11.Germany Affective Computing Market Revenue, 2023-2030 ($M)
12.France Affective Computing Market Revenue, 2023-2030 ($M)
13.Italy Affective Computing Market Revenue, 2023-2030 ($M)
14.Spain Affective Computing Market Revenue, 2023-2030 ($M)
15.Rest of Europe Affective Computing Market Revenue, 2023-2030 ($M)
16.China Affective Computing Market Revenue, 2023-2030 ($M)
17.India Affective Computing Market Revenue, 2023-2030 ($M)
18.Japan Affective Computing Market Revenue, 2023-2030 ($M)
19.South Korea Affective Computing Market Revenue, 2023-2030 ($M)
20.South Africa Affective Computing Market Revenue, 2023-2030 ($M)
21.North America Affective Computing By Application
22.South America Affective Computing By Application
23.Europe Affective Computing By Application
24.APAC Affective Computing By Application
25.MENA Affective Computing By Application