Market Overview:
The global face recognition device market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for security and safety measures across various industries, rising adoption of biometric authentication in transportation sector, and growing demand for advanced face recognition technology. However, data privacy concerns may restrain the market growth to some extent during the forecast period. Based on type, the global face recognition device market is segmented into access control system, ticket gates system, and others. The access control system segment is expected to hold a major share of the global market in 2018 owing to its widespread adoption across various industries for security purposes. Based on application, the global face recognition device market is segmented into transportation sector, BFSI sector, residential sector, non-financial enterprises sector and others. The transportation sector held a dominant share of the overall application segment in 2017 and is projected to maintain its dominance throughout the forecast period.
Product Definition:
A face recognition device is a computer system that can identify people from their faces. This technology is used for security purposes, such as in airports and casinos, to prevent fraud, and for other applications such as marketing.
Access Control System:
An access control system is a part of Building Management System (BMS) which controls the entry of personnel and equipment into a building. It comprises an identification device, such as card key or biometric, to open and close the doors and windows. The technology used in these systems has evolved over time from mechanical locking systems to more advanced electronic systems using relays, computers, etc., for controlling access.
Ticket Gates System:
The ticket gates system is used in face recognition devices. It is a biometric access control system which consists of three components namely, sensors, capture unit and an interface. The interface converts analog signals received from the subject into digital format and then it is processed by the computer for comparison with the image database to authenticate the identity of a person trying to enter any facility.
Application Insights:
The market is segmented by application into transportation, banking, financial services and insurance (BFSI), non-financial enterprises, residential and others. The BFSI sector dominated the overall industry in 2017 with a share of over 30% in terms of revenue. Face recognition technology is being increasingly used for access control at banks and other financial institutions to ensure that only authorized personnel enter the premises during business hours.
The use of face recognition technology for identification in airports has become mandatory under U.S law as well as under European Union regulations to prevent identity theft or fraud while traveling or while trying to enter an airport building from outside through security gates/vehicle screening areas.
Regional Analysis:
North America dominated the global face recognition device market in 2017. The growth of this region can be attributed to several factors such as increasing government initiatives, growing adoption of access control systems and others. For instance, in March 2018, the U.S Homeland Security Department’s Customs and Border Protection (CBP) launched a facial recognition pilot program at five airports across the country for facilitating travelers.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising government initiatives pertaining to biometric identification technologies coupled with increasing investments by prominent players operating in various industries including healthcare & life sciences, retail & e-commerce sectors for enhancing security measures at their establishment or property/facility/asset etc.
Growth Factors:
- Increasing demand for security and surveillance
- Growing trend of using biometric authentication
- Proliferation of connected devices and the Internet of Things (IoT)
- Rising demand from retail sector
- Increasing adoption in healthcare sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Face Recognition Device Market Research Report
By Type
Access Control System, Ticket Gates System, Others
By Application
Transportation, BFSI, Residential, Non-financial Enterprises, Others
By Companies
Cloudwalk, Dahua Technology, Aurora, Insigma Group, Face++, PCI, CMOLO, IDEMIA (France), Anviz, Adatis GmbH&Co. KG, ColosseoEAS, Artec Group, EnterFace, IDTECK Co Ltd., Bioenable
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Face Recognition Device Market Report Segments:
The global Face Recognition Device market is segmented on the basis of:
Types
Access Control System, Ticket Gates System, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transportation, BFSI, Residential, Non-financial Enterprises, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cloudwalk
- Dahua Technology
- Aurora
- Insigma Group
- Face++
- PCI
- CMOLO
- IDEMIA (France)
- Anviz
- Adatis GmbH&Co. KG
- ColosseoEAS
- Artec Group
- EnterFace
- IDTECK Co Ltd.
- Bioenable
Highlights of The Face Recognition Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Access Control System
- Ticket Gates System
- Others
- By Application:
- Transportation
- BFSI
- Residential
- Non-financial Enterprises
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Face Recognition Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A face recognition device is a technology that can be used to identify people by their faces. This technology can be used in a variety of applications, including security, identification, and surveillance.
Some of the key players operating in the face recognition device market are Cloudwalk, Dahua Technology, Aurora, Insigma Group, Face++, PCI, CMOLO, IDEMIA (France), Anviz, Adatis GmbH&Co. KG, ColosseoEAS, Artec Group, EnterFace, IDTECK Co Ltd., Bioenable.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Face Recognition Device Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Face Recognition Device Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Face Recognition Device Market - Supply Chain
4.5. Global Face Recognition Device Market Forecast
4.5.1. Face Recognition Device Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Face Recognition Device Market Size (000 Units) and Y-o-Y Growth
4.5.3. Face Recognition Device Market Absolute $ Opportunity
5. Global Face Recognition Device Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Face Recognition Device Market Size and Volume Forecast by Type
5.3.1. Access Control System
5.3.2. Ticket Gates System
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Face Recognition Device Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Face Recognition Device Market Size and Volume Forecast by Application
6.3.1. Transportation
6.3.2. BFSI
6.3.3. Residential
6.3.4. Non-financial Enterprises
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Face Recognition Device Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Face Recognition Device Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Face Recognition Device Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Face Recognition Device Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Face Recognition Device Demand Share Forecast, 2019-2026
9. North America Face Recognition Device Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Face Recognition Device Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Face Recognition Device Market Size and Volume Forecast by Application
9.4.1. Transportation
9.4.2. BFSI
9.4.3. Residential
9.4.4. Non-financial Enterprises
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Face Recognition Device Market Size and Volume Forecast by Type
9.7.1. Access Control System
9.7.2. Ticket Gates System
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Face Recognition Device Demand Share Forecast, 2019-2026
10. Latin America Face Recognition Device Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Face Recognition Device Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Face Recognition Device Market Size and Volume Forecast by Application
10.4.1. Transportation
10.4.2. BFSI
10.4.3. Residential
10.4.4. Non-financial Enterprises
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Face Recognition Device Market Size and Volume Forecast by Type
10.7.1. Access Control System
10.7.2. Ticket Gates System
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Face Recognition Device Demand Share Forecast, 2019-2026
11. Europe Face Recognition Device Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Face Recognition Device Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Face Recognition Device Market Size and Volume Forecast by Application
11.4.1. Transportation
11.4.2. BFSI
11.4.3. Residential
11.4.4. Non-financial Enterprises
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Face Recognition Device Market Size and Volume Forecast by Type
11.7.1. Access Control System
11.7.2. Ticket Gates System
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Face Recognition Device Demand Share, 2019-2026
12. Asia Pacific Face Recognition Device Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Face Recognition Device Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Face Recognition Device Market Size and Volume Forecast by Application
12.4.1. Transportation
12.4.2. BFSI
12.4.3. Residential
12.4.4. Non-financial Enterprises
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Face Recognition Device Market Size and Volume Forecast by Type
12.7.1. Access Control System
12.7.2. Ticket Gates System
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Face Recognition Device Demand Share, 2019-2026
13. Middle East & Africa Face Recognition Device Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Face Recognition Device Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Face Recognition Device Market Size and Volume Forecast by Application
13.4.1. Transportation
13.4.2. BFSI
13.4.3. Residential
13.4.4. Non-financial Enterprises
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Face Recognition Device Market Size and Volume Forecast by Type
13.7.1. Access Control System
13.7.2. Ticket Gates System
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Face Recognition Device Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Face Recognition Device Market: Market Share Analysis
14.2. Face Recognition Device Distributors and Customers
14.3. Face Recognition Device Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cloudwalk
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Dahua Technology
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Aurora
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Insigma Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Face++
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. PCI
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CMOLO
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. IDEMIA (France)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Anviz
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Adatis GmbH&Co. KG
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ColosseoEAS
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Artec Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. EnterFace
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. IDTECK Co Ltd.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Bioenable
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook