Emotion Detection and Recognition (EDR) Market 2022 to Worth USD 19.87 million by 2028 at a CAGR of 18.01%

Emotion Detection and Recognition (EDR) Market With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a holistic assessment of market conditions in the future term, this market research study keeps a close eye on major rivals. It's a thorough research that focuses on key and secondary drivers, market share, leading segments, and geographic analysis. The Emotion Detection and Recognition (EDR) Market also examines significant players, major collaborations, mergers and acquisitions, as well as current innovation and corporate strategies.

The emotion detection and recognition (EDR) market was valued at USD 19.87 million in 2020, and it is expected to reach USD 52.86 million by 2027, registering a CAGR of 18.01% during the forecast period (2022 - 2027).

Top Key Players are covered in this report: Emotibot Technologies Limited?, iMotions, Noldus?, Sightcorp., Realeyes OU, NVISO SA, Kairos AR Inc., Nemesysco Ltd, audEERING GMBH

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Recent Developments:

April 2019 - Affectiva announced the closure of a USD 26 million funding round to advance its emotion and object detection AI for monitoring vehicle passengers. The funding round was led by automotive supplier Aptiv. Affectiva wants its solution to be incorporated into cameras used in car safety systems to recognize when a driver is happy, sad, drowsy, or frustrated.

Key Market Trends:

The IoT connections market is estimated to reach 25 billion by 2025, according to GSMA, and the IoT market revenue is expected to cross USD 1.1 trillion by the same period. With increasing IoT demand, the applications of the devices are expected to trickle down to almost every end-user industry in the world.

- Additionally, the number of connected wearable devices is on the rise. Such devices are equipped with sensors that collect, monitor, and analyze biological vitals, such as heart rate, pulse, and body temperature. For instance, the number of connected wearable devices, worldwide, is expected to reach 1,105 million by 2022, according to Cisco Systems.

- Moreover, various smart wearable device vendors in the market are increasingly incorporating biotrackers as part of their health tracking features. For instance, Huami's latest smartwatch, Amazfit GTS, is powered by its Huami Bio Tracker Optical sensor, enabling 24-hour precision heart rate monitoring. Such incorporation of biosensors is expected to provide large scale data sets to enterprises for data analysis.

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Key market aspects are illuminated in the report:

Executive Summary: It covers a summary of the most vital studies, the Global Emotion Detection and Recognition (EDR) Market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.

Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Emotion Detection and Recognition (EDR) Market, the years measured, and the study points.

Company Profile: Each company in this market sector is screened based on its goods, value, SWOT analysis, capacity, and other key characteristics.

Manufacture by region: This Global Emotion Detection and Recognition (EDR) Market report offers data on imports and exports, sales, production and key companies in all studied regional markets

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