The global face recognition systems market is expected to grow from USD 1.5 billion in 2018 to USD 3.2 billion by 2030, at a CAGR of 12.8% during the forecast period. The growth of this market can be attributed to the increasing demand for surveillance and monitoring applications, which are expected to drive the growth of this market during the forecast period.
The 2D face recognition segment is expected to account for a significant share in the global face recognition systems market during the forecast period owing to its low cost and easy implementation process as compared with other types of face recognition technologies such as 3D and thermal face recognition technologies. The 2D facial recognition technology has been widely used in various applications such as law enforcement, surveillance, and monitoring due to its low cost and easy implementation process as compared with other types of facial recognition technologies such as 3D or thermal facial recognitions that are expensive and difficult to implement respectively.
Some Of The Growth Factors Of This Market:
- The increasing demand for security and surveillance systems in the commercial sector is one of the major factors driving the growth of this market.
- The increasing adoption of biometric technologies by governments and law enforcement agencies across the globe is another factor that will drive this market's growth during the forecast period.
- Increasing use of facial recognition technology in mobile devices such as smartphones, tablets, laptops, etc, will also fuel this market's growth during the forecast period.
- Growing need for accurate identification and verification solutions among various industries such as banking & finance, healthcare, retail & e-commerce, etc, will also drive this market's growth.
Industry Growth Insights published a new data on “Face Recognition Ststems Market”. The research report is titled “Face Recognition Ststems Market research by Types (2D Face Recognition, 3D Face Recognition, Thermal Face Recognition), By Applications (Emotion Recognition, Law Enforcement, Surveillance, and Monitoring, Others), By Players/Companies 3M, NEC Corporation, Aware Inc, Safran Group, Animetrics, Daon, Ayonix, Cognitec Systems GmbH, Keylemon, Nviso SA”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Face Recognition Ststems Market Research Report
By Type
2D Face Recognition, 3D Face Recognition, Thermal Face Recognition
By Application
Emotion Recognition, Law Enforcement, Surveillance, and Monitoring, Others
By Companies
3M, NEC Corporation, Aware Inc, Safran Group, Animetrics, Daon, Ayonix, Cognitec Systems GmbH, Keylemon, Nviso SA
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Face Recognition Ststems Market Report Segments:
The global Face Recognition Ststems market is segmented on the basis of:
Types
2D Face Recognition, 3D Face Recognition, Thermal Face Recognition
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
Emotion Recognition, Law Enforcement, Surveillance, and Monitoring, 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:
- 3M
- NEC Corporation
- Aware Inc
- Safran Group
- Animetrics
- Daon
- Ayonix
- Cognitec Systems GmbH
- Keylemon
- Nviso SA
Highlights of The Face Recognition Ststems 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:
- 2D Face Recognition
- 3D Face Recognition
- Thermal Face Recognition
- By Application:
- Emotion Recognition
- Law Enforcement, Surveillance, and Monitoring
- 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 Ststems 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?
Face recognition stems are a set of algorithms used to identify faces in digital images or videos.
Some of the major companies in the face recognition ststems market are 3M, NEC Corporation, Aware Inc, Safran Group, Animetrics, Daon, Ayonix, Cognitec Systems GmbH, Keylemon, Nviso SA.
The face recognition ststems market is expected to register a CAGR of 12.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Face Recognition Ststems 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 Ststems 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 Ststems Market - Supply Chain
4.5. Global Face Recognition Ststems Market Forecast
4.5.1. Face Recognition Ststems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Face Recognition Ststems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Face Recognition Ststems Market Absolute $ Opportunity
5. Global Face Recognition Ststems 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 Ststems Market Size and Volume Forecast by Type
5.3.1. 2D Face Recognition
5.3.2. 3D Face Recognition
5.3.3. Thermal Face Recognition
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Face Recognition Ststems 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 Ststems Market Size and Volume Forecast by Application
6.3.1. Emotion Recognition
6.3.2. Law Enforcement, Surveillance, and Monitoring
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Face Recognition Ststems 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 Ststems 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 Ststems 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 Ststems 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 Ststems Demand Share Forecast, 2019-2026
9. North America Face Recognition Ststems 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 Ststems 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 Ststems Market Size and Volume Forecast by Application
9.4.1. Emotion Recognition
9.4.2. Law Enforcement, Surveillance, and Monitoring
9.4.3. 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 Ststems Market Size and Volume Forecast by Type
9.7.1. 2D Face Recognition
9.7.2. 3D Face Recognition
9.7.3. Thermal Face Recognition
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 Ststems Demand Share Forecast, 2019-2026
10. Latin America Face Recognition Ststems 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 Ststems 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 Ststems Market Size and Volume Forecast by Application
10.4.1. Emotion Recognition
10.4.2. Law Enforcement, Surveillance, and Monitoring
10.4.3. 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 Ststems Market Size and Volume Forecast by Type
10.7.1. 2D Face Recognition
10.7.2. 3D Face Recognition
10.7.3. Thermal Face Recognition
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 Ststems Demand Share Forecast, 2019-2026
11. Europe Face Recognition Ststems 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 Ststems 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 Ststems Market Size and Volume Forecast by Application
11.4.1. Emotion Recognition
11.4.2. Law Enforcement, Surveillance, and Monitoring
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Face Recognition Ststems Market Size and Volume Forecast by Type
11.7.1. 2D Face Recognition
11.7.2. 3D Face Recognition
11.7.3. hermal Face Recognition
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 Ststems Demand Share, 2019-2026
12. Asia Pacific Face Recognition Ststems 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 Ststems 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 Ststems Market Size and Volume Forecast by Application
12.4.1. Emotion Recognition
12.4.2. Law Enforcement, Surveillance, and Monitoring
12.4.3. 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 Ststems Market Size and Volume Forecast by Type
12.7.1. 2D Face Recognition
12.7.2. 3D Face Recognition
12.7.3. Thermal Face Recognition
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 Ststems Demand Share, 2019-2026
13. Middle East & Africa Face Recognition Ststems 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 Ststems 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 Ststems Market Size and Volume Forecast by Application
13.4.1. Emotion Recognition
13.4.2. Law Enforcement, Surveillance, and Monitoring
13.4.3. 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 Ststems Market Size and Volume Forecast by Type
13.7.1. 2D Face Recognition
13.7.2. 3D Face Recognition
13.7.3. Thermal Face Recognition
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 Ststems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Face Recognition Ststems Market: Market Share Analysis
14.2. Face Recognition Ststems Distributors and Customers
14.3. Face Recognition Ststems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. 3M
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NEC Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Aware Inc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Safran 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. Animetrics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Daon
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ayonix
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Cognitec Systems GmbH
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Keylemon
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nviso SA
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
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
