Affective Computing Market, By Component (Hardware and Software), By Technology (Touch-based and Touchless), By End-use Industry (Automotive, BFSI, Government, Healthcare, IT & Telecom, Media & Entertainment, Retail & E-commerce, and Others), By Geography

Affective Computing Market, By Component (Hardware and Software), By Technology (Touch-based and Touchless), By End-use Industry (Automotive, BFSI, Government, Healthcare, IT & Telecom, Media & Entertainment, Retail & E-commerce, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Affective computing is a branch of Artificial Intelligence sciences that deals with the design of systems that can recognize, understand, process and simulate human affects. It is an interdisciplinary field spanning computer sciences, psychology and cognitive science. The technology plays an important role in developing human-centric systems that can perceive and respond to human emotions. It analyzes human affect display like facial expressions, speech, gestures, posts on social networking sites and physiological signals in real time. With advancements in deep learning and AI, affective computing systems are becoming more sophisticated in detecting a wide range of human emotions and sentiments with higher accuracy. This evolution is expected to drive new applications of the technology across healthcare, education, automotive, media and entertainment among others.

Market Dynamics:

The global affective computing market is driven by the growing need for humanized digital interactions and experiences. Rising adoption of AI-based virtual assistants and chatbots in industries is surging the demand for affective computing solutions that can comprehend human emotions. Increasing incorporation of biometrics and biosensors in consumer electronics for measuring stress, engagement and other affective states is another key factor fueling market revenues. However, concerns around data privacy and security due to involvement of highly personal datasets are restraining the market growth. Development of multimodal approaches integrating visual, auditory and textual signals for advanced emotion detection presents significant opportunities for players.

Key features of the study:

• This report provides in-depth analysis of the global affective computing market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global affective computing market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Affectiva Inc., Amazon Web Services Inc., Apple Inc., Cognitec Systems, Elliptic Labs, Google Inc., IBM Corporation, Intel Corporation, Kairos, Microsoft Corporation, nViso, PointGrab, Pyreos, Qualcomm Inc., and Sony Depthsensing Solutions
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global affective computing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global affective computing market.

Detailed Segmentation:

• By Component
• Hardware
• Software
• By Technology
• Touch-based
• Touchless
• By End-use Industry
• Automotive
• BFSI
• Government
• Healthcare
• IT & Telecom
• Media & Entertainment
• Retail & E-commerce
• Others
• By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa
• Key Players Insights
• Affectiva Inc.
• Amazon Web Services Inc.
• Apple Inc.
• Cognitec Systems
• Elliptic Labs
• Google Inc.
• IBM Corporation
• Intel Corporation
• Kairos
• Microsoft Corporation
• nViso
• PointGrab
• Pyreos
• Qualcomm Inc.
• Sony Depthsensing Solutions