Affective Computing Market Valuation to Reach USD 284.73 Billion in 2028 | Growing Demand for Incorporating Advanced Features in Vehicles to Improve On-Road Safety of Drivers and Passengers is Driving Industry Growth, says Emergen Research

Affective Computing Market Valuation to Reach USD 284.73 Billion in 2028 | Growing Demand for Incorporating Advanced Features in Vehicles to Improve On-Road Safety of Drivers and Passengers is Driving Industry Growth, says Emergen Research

PR Newswire

VANCOUVER, B.C., July 22, 2021

VANCOUVER, B.C., July 22, 2021 /PRNewswire/ -- The global affective computing market size is expected to reach USD 284.73 Billion at a steady CAGR of 32.5% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to growing demand for incorporating advanced features in vehicles to improve on-road safety of drivers and passengers. Automotive manufacturers across the globe are emphasizing on integrating improved safety features to make driving a safer experience. Leading automakers are deploying affective computing to incorporate smart car features to recognize human emotions. Through detection of facial emotion, smart cars are capable of sending alert signals to the driver in case the technology senses that they are feeling drowsy or confused. According to estimates by the US Department of Transportation, driving-related mistakes account for around 95% of life endangering road accidents.

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Emergen Research has segmented the global affective computing market on the basis of offering, technology, industry vertical, and region:

a.  Cameras
b.  Sensors
c.  Storage Devices
d.  Others

a.  Speech Recognition
b.  Facial Feature Extraction
c.  Gesture Recognition
d.  Others

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a.  U.S.
b.  Canada
c.  Mexico

a.  Germany
b.  U.K.
c.  France
d.  Italy
e.  Spain
f.  Sweden
g.  BENELUX
h.  Rest of Europe

a.  China
b.  India
c.  Japan
d.  South Korea
e.  Rest of APAC

a.  Brazil
b.  Rest of LATAM

a.  Saudi Arabia
b.  UAE
c.  South Africa
d.  Israel
e.  Rest of MEA

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About Emergen Research 

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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