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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~18% |
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Base Year Market Size (2023) |
~ USD 28 Billion |
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Forecast Year Market Size (2036) |
~ USD 104 Billion |
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Regional Scope |
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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:
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Component |
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Technology |
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End-User |
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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.
Author Credits: Abhishek Verma, Hetal Singh
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