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Market Summary

The global affective computing market is forecast to reach USD 255.43 Billion by 2026, according to a new report by Reports and Data. Affective Computing aspires to decrease the separation between human feelings and machines by creating computational frameworks that recognize, respond, and express emotions. Affective Computing finds application in various end-use industries such as academia and research, media and entertainment, government and defense, healthcare and life sciences, IT and telecom, retail and e-commerce, automotive, banking, financial services, and insurance, among other industries.

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Increasing application of affective Computing in the healthcare sector is one of the driving factors that have propelled the growth of the global affective computing market. The products of the market are largely used in the healthcare industry in order to help the doctors to understand the mentally disabled patients more precisely. The healthcare industry is among the fastest-growing industries across the globe and is among the most exported products in the world. The developing regions are rapidly investing in the international healthcare market and affective computing market.

Asia Pacific is a key region for the affective computing market and is likely to witness significant growth in the forecast period owing to the growing population and adoption of wearable devices in the region. Moreover, advancements in technologies which are being developed across the region are further driving the growth of this market. The different key players in Asia Pacific are focusing on new technological developments to support the growth of the market for affective computing in the region.

Key Coverage of the Report

Region and country wise statistics of the global affective computing market from the period 2016-2026. While 2016 & 2017 has been utilized as historical data, 2018 is considered the base year. 2019-2026 have been derived as forecasts.

Estimation of the market size along with historical and forecasted trend analysis.

Various technologies available for the market have been analyzed. Statistical analysis has been conducted on obtaining the individual share of these segments.

Share of end-use industries, such as, healthcare & life sciences, government & defense, IT & telecom, automotive, media and entertainment, and others, have been estimated.

Regional up-coming research and application outlook.

Regional prevalence has been mapped.

Demand and Supply GAP Analysis

Regional Competitors Pricing Strategy

Market share analysis of the top industry players

Strategic recommendations for the new entrants

Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

Strategic recommendations in key business segments based on the market estimations

Competitive landscaping mapping the key common trends

Company profiling with detailed strategies, financials, and recent developments.

Salient Trends of the Affective Computing Market

The defense sector has different sensitive data protocols and unauthorized access, which can be accessed by only authorized personnel. Security technologies such as iris scan, facial recognition, and gesture recognition are essential to protect these data.

In the healthcare sector, the current affective computing systems can be utilized for monitoring, recognizing, and expressing emotions for different medical purposes. Some of the prominent used cases under the healthcare sector include telepsychiatry, telemedicine, and doctors on demand.

Increasing adoption of wearable devices and need for technology in the business sector to understand the customer behavior is expected to drive the market during the forecast period.

In March 2019, Empatica began deploying a smart device which can be utilized to manage stress. The smart device has been modeled similar to a watch and has received FDA (Food and Drug Administration) approval. The device analyzes physiological signals to detect an increase in the stress inside the body and prevent seizures due to diseases such as epilepsy.

The Europe region will be a key region for the affective computing market during the forecast period. Government initiatives to support the local market and the technological developments in the healthcare industry are boosting the market for affective computing in the region.

Companies considered and profiled in this market study

Google Inc., Microsoft Corporation, IBM Corporation, Apple, Inc., Qualcomm Inc., Eyesight Technologies, Ltd., Elliptic Labs, Affectiva, Pyreos Limited, and Cognitec Systems GmbH among others.

The companies have adopted various strategies, including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market.

Market-O-Nomics

The valuation for the Affective Computing market was USD 21.38 billion in 2018, and it is expected to reach USD 255.43 Billion by 2026.

The touchless segment is forecasted to grow with a higher CAGR of 38.4% during the forecast period. It is expected to overshadow the market share of touch-based segment by the end of the forecast period due to rising technological advancement.

The speech recognition segment is forecasted to grow with an impressive CAGR of 37.1% during the forecast period. Vocal parameters and prosodic features, for instance, pitch factors and speech rate, and can be examined through pattern recognition techniques.

Sensor segment for affective computing is forecasted to grow with the highest CAGR of 37.7% during the forecast period. This is due to the rising demand in the automobile sector and their use in affective computing as a marketing tool to improve consumer experience.

Asia Pacific is forecasted to grow with the highest CAGR of 37.7% during the forecast period. This is due to the presence of developing economies such as China and India. Furthermore, the smart city initiative by the Indian government is likely to boost the market for affective computing in the region.

Segments Covered in the report:

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this report, Reports and Data have segmented into the global Affective Computing market on the basis of technology, software, hardware, end-use industries and region:

Technology Outlook ( Revenue, USD Billion; 2016-2026)

Touch-based

Touchless

Software Outlook ( Revenue, USD Billion; 2016-2026)

Speech Recognition

Gesture Recognition

Facial Feature Extraction

Analytics Software

Enterprise Software

Hardware Outlook ( Revenue, USD Billion; 2016-2026)

Sensors

Cameras

Storage Devices and Processors

Others

End-use Industries Outlook ( Revenue, USD Billion; 2016-2026)

Healthcare & Life Sciences

Government & Defense

IT & Telecom

Automotive

Media and Entertainment

Others

Regional Outlook ( Revenue, USD Billion; 2016-2026)

North America U.S.

Europe UK France

Asia Pacific China India Japan

MEA

Latin America Brazil

