Multimodal UI Market Size & Share, by Component (Hardware, Software, Services); Technology (Voice Recognition, Text Input, Gesture Recognition, Visual); End-User (Automotive, Healthcare, Entertainment, IT & Telecommunication, Retail) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5934
  • Published Date: Mar 27, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Multimodal UI Market size is expected to reach USD 104 Billion by the end of 2036, growing at a CAGR of 18% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of multimodal UI was USD 28 Billion. The reason behind the growth is impelled by the growing IT and Telecom across the globe. The most competitive and quickly expanding market is telecommunication driven by the increasing adoption of 5G technologies, a rising need for digital transformation across all businesses, and a growing dependence on technology for everyday tasks.

According to estimates, by 2030, the world's telecommunications market is projected to reach around USD 2 trillion. 

The growing advancements in robotic technology are believed to fuel the multimodal UI market growth. Robotics has improved dramatically in recent years, and human-robot interaction (HRI) is increasingly crucial to providing the greatest user experience, therefore multimodal robot interaction (HRI) has become a commonplace aspect of daily life, which allows people to communicate with a robot through a variety of modalities, such as voice, image, text, eye movement, touch, and bio-signals such as EEG and ECG.


Multimodal UI Market
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Multimodal UI Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Healthcare Industry - Multimodal user interfaces (UIs) can revolutionize patient care by streamlining medical procedures and improving surgical techniques, which call for the highest level of accuracy and productivity, and also play a vital role in the development of remote patient monitoring systems and telehealth services.
  • Growing Adoption of Wearable Technology - Medical wearable technology now allows patients to interact with their wearables in a way that best suits their preferences, allows users to manage medication schedules, monitor important health statistics, and receive real-time feedback.
  • Multimodal UI in Gaming - There have been notable advancements in the video game industry, such as the adoption of multimodal interaction by the gaming industry, which allows players to control in-game actions with speech, gestures, and touch.

Challenges

  • Privacy and security concerns - Multimodal systems typically operate on embedded systems, which are vulnerable to physical attacks, which have the potential to cause programs to run incorrectly, and start harmful actions. Another area of the multimodal interface system that faces privacy and security issues is the audio processing domain which is often utilized to confirm someone's identification. Concerns with user privacy and data security arise when mixing language interfaces with GUIs, these restrictions could influence the overall user experience by reducing the precision and effectiveness of voice-based interactions.
  • Compatibility issues associated with various hardware and software capabilities are expected to limit the adoption of multimodal UI
  • High deployment costs may hamper the multimodal UI market growth

Multimodal UI Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~18%

Base Year Market Size (2023)

~ USD 28 Billion

Forecast Year Market Size (2036)

~ USD 104 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Multimodal UI Segmentation

End-User (Automotive, Healthcare, Entertainment, IT & Telecommunication, Retail)

The automotive segment is predicted to account for 40% share of the global multimodal UI market during the forecast period owing to the growing sale of automobiles. Strong volume growth is anticipated in sales of vehicles across the globe as disposable incomes rise, along with the arrival of new sport-utility vehicles and competitive lending rates. For instance, global auto sales increased from approximately 67 million units in 2022 to more than 75 million vehicles in 2023.

Many believe that autonomous vehicles will be the norm for private and public transportation in the future with 5G technology breakthroughs. The study of multimodal human-machine interaction (HMI) for autonomous vehicles (AVs) has gained a lot of attention as a result of the advancement of autonomous technology, since it greatly improves the efficiency and usefulness of human interaction across various vehicle interfaces, hence improving the user experience with connected and autonomous vehicles.

Technology (Voice Recognition, Text Input, Gesture Recognition, Visual)

The Voice Recognition segment in the multimodal UI market is set to garner a notable share shortly. Users can effortlessly transition between voice commands and touch inputs using a multimodal approach, which can also be used to improve customer service and sales efficiency or as a supplement to other modes of interaction such as touch, gesture, and visual.

In addition, multimodal recognition encompasses the identification of various modalities, including voice, gesture, somatic, and sensing devices, whereby both speech and gesture recognition are popular research topics that are now crucial to perceptual user interfaces for achieving intelligent human-computer interaction tasks as they work well together, and multi-modal interaction can lessen the operational load on users and boost interaction effectiveness.

Our in-depth analysis of the global multimodal UI market includes the following segments:

          Component

  • Hardware
  • Software
  •  Services

          Technology

  • Voice Recognition
  •  Text Input
  •  Gesture Recognition
  •  Visual

          End-User

  • Automotive
  •  Healthcare
  •  Entertainment
  •  IT & Telecommunication
  •  Retail

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Multimodal UI Industry - Regional Synopsis

North American Market Forecast

Multimodal UI market in North America is predicted to account for the largest share of 45% by 2036 impelled by the growing adoption of advanced technologies. Technology has become an essential tool in every organization, and among the most recent key innovations in the United States, generative artificial intelligence (AI) had a significantly greater rise in users. Through 2030, generative AI might raise US worker productivity by more than 0.5% points yearly. This has led to increasing adoption of multimodal UI in the region.

APAC Market Statistics

The Asia Pacific Multimodal UI market is estimated to be the second largest, during the forecast timeframe led by the rising personal disposable income. Increased disposable income is contributing to increased purchasing power, therefore customers are more inclined to spend money on fitness trackers and other health and wellness items. This may increase the adoption of multimodal UI in the region. For instance, as disposable income increases by a compound 14% yearly rate till 2027, household spending in India will surpass USD 2 trillion.

Research Nester
Multimodal UI Market Size
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Companies Dominating the Multimodal UI Landscape

top-features-companies
    • Amazon
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Siemens Mobility
    • Google
    • Jina AI
    • Appen
    • OpenAI
    • Apple
    • Microsoft
    • Leap Motion
    • IBM

In-the-news

In The News

  • Amazon together with the Indian Institute of Technology–Bombay (IIT Bombay) announced to finance research initiatives, doctoral fellowships, and neighborhood gatherings such as scientific symposiums to progress machine learning (ML) and artificial intelligence (AI) in the realms of speech, language, and multimodal AI.
  • Siemens Mobility announced a partnership with RiVier (NS, HTM, and RET) to develop an aMobility as a Service (MaaS) platform to enable the integration of travel planning by suppliers, and to make it possible for the Netherlands' mobility to be more efficient, comfortable, and sustainable.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5934
  • Published Date: Mar 27, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing IT and Telecom across the globe and the growing advancements in robotic technology are the major factors driving the growth of the market.

The market size of multimodal UI is anticipated to attain a CAGR of 18% over the forecast period, i.e., 2024-2036.

The major players in the market are Siemens Mobility, Google, Jina AI, Appen, OpenAI, Apple, Microsoft, Leap Motion, IBM, Panasonic Holdings Co., Ltd., SoftBank Corp., and others.

The automotive segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Multimodal UI Market Report Scope
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