Market Overview:
The global facial recognition biometrics in consumer electronics market is expected to grow at a CAGR of 16.8% during the forecast period from 2018 to 2030. The increasing demand for advanced security solutions across different industry verticals is driving the growth of the global facial recognition biometrics in consumer electronics market. Additionally, the rising adoption of facial recognition technology by individual consumers for personal authentication is also contributing to the growth of this market. However, data privacy and security concerns may restrain the growth of this market to some extent during the forecast period. On basis on type, facial recognition segment accounted for majority share in 2017 and it is projected to maintain its dominance throughout forecast period due to its high accuracy and efficiency as compared with other types such as Facial Authentication & Recognition (FAR). On basis on application, government sector held largest share in 2017 and it is projected grow at highest CAGR over next few years owing growing need for secure authentication among various governments across world.
Product Definition:
Facial recognition biometrics is the ability to identify or verify a person's identity by scanning their face. This technology is used in consumer electronics to unlock devices, authorize payments, and provide other security features. Facial recognition biometrics is important because it is a secure and convenient way to identify people. It can also be used to prevent fraud and protect personal information.
Facial Recognition:
Facial recognition is the technology that enables a computer to identify and verify the identity of a person by analyzing their facial features. It is one of the biometric technologies used in access control systems, for identification and verification purposes. The technology has gained popularity due to its high accuracy, speed, and ease of use.
Facial Authentication:
Facial authentication is the process of verification used to determine if a person is using their real face for a particular transaction. It uses an image of the user's face captured during registration or at any time through biometric technology. The facial recognition software processes this image and determines if it matches with the registered user.
The growing demand for secure authentication systems in consumer electronics such as smartphones, laptops, and tablets has led to an increase in investments by companies such as Intel Corporation.
Application Insights:
The government application segment led the market and accounted for more than a 38% share of the global revenue in 2017. The growth is attributed to increasing adoption of facial recognition biometrics in passports, visas, identity cards and other documents used across governments. Facial recognition technology helps government agencies to maintain citizen's data securely while facilitating easy access to it.
The enterprise application segment is expected to register a significant CAGR over the forecast period owing to factors such as an increase in number of companies operating globally that require employees¢â‚¬â„¢ identification badges for authentication purposes. This has resulted in increased demand for facial recognition solutions within enterprises worldwide. Furthermore, faceprints are also being widely used by banks, financial institutions and e-commerce companies worldwide as additional security measures against frauds and thefts at their premises or online transactions.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of vendors and users in this region. The U.S., being one of the most developed countries, has been witnessing an increasing adoption rate for facial recognition technology across various applications such as security, surveillance, and ID verification among others.
Asia Pacific is expected to witness significant growth over the forecast period owing to factors such as growing population and increasing demand for consumer electronics products with advanced features including Facial Recognition Biometrics technologies supported by Artificial Intelligence (AI). Rapid urbanization coupled with increased government initiatives aimed at implementation of biometric-based digital services are some other factors driving regional market growth over the forecast period.
Growth Factors:
- Increasing demand for security and safety in consumer electronics devices
- Growing trend of using biometric authentication for user identification and verification purposes
- Proliferation of low-cost, high-performance facial recognition sensors
- Advances in artificial intelligence (AI) and machine learning algorithms that can improve accuracy of facial recognition systems
- Emergence of new use cases for facial recognition technology in consumer electronics market
Scope Of The Report
Report Attributes
Report Details
Report Title
Facial Recognition Biometrics in Consumer Electronics Market Research Report
By Type
Facial Recognition, Facial Authentication
By Application
Government, Enterprise, Individual Consumers, Other
By Companies
Cognitec Systems, Dell, Google, HP, Apple, Microsoft, AMD, Intel Security, Cogent Systems, Allied Time USA, FacialNetwork, Lenovo, ASUS, KeyLemon
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Facial Recognition Biometrics in Consumer Electronics Market Report Segments:
The global Facial Recognition Biometrics in Consumer Electronics market is segmented on the basis of:
Types
Facial Recognition, Facial Authentication
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
Government, Enterprise, Individual Consumers, Other
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:
- Cognitec Systems
- Dell
- Google
- HP
- Apple
- Microsoft
- AMD
- Intel Security
- Cogent Systems
- Allied Time USA
- FacialNetwork
- Lenovo
- ASUS
- KeyLemon
Highlights of The Facial Recognition Biometrics in Consumer Electronics 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:
- Facial Recognition
- Facial Authentication
- By Application:
- Government
- Enterprise
- Individual Consumers
- Other
- 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 Facial Recognition Biometrics in Consumer Electronics 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?
Facial recognition biometrics is a technology that uses facial features to identify individuals. This technology is used in consumer electronics to help users unlock their devices, sign in to websites, and more.
Some of the major companies in the facial recognition biometrics in consumer electronics market are Cognitec Systems, Dell, Google, HP, Apple, Microsoft, AMD, Intel Security, Cogent Systems, Allied Time USA, FacialNetwork, Lenovo, ASUS, KeyLemon.
The facial recognition biometrics in consumer electronics market is expected to grow at a compound annual growth rate of 16.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Facial Recognition Biometrics in Consumer Electronics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Facial Recognition Biometrics in Consumer Electronics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Facial Recognition Biometrics in Consumer Electronics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Facial Recognition Biometrics in Consumer Electronics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Facial Recognition Biometrics in Consumer Electronics Market Size & Forecast, 2020-2028
4.5.1 Facial Recognition Biometrics in Consumer Electronics Market Size and Y-o-Y Growth
4.5.2 Facial Recognition Biometrics in Consumer Electronics Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Facial Recognition
5.2.2 Facial Authentication
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Government
6.2.2 Enterprise
6.2.3 Individual Consumers
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Facial Recognition Biometrics in Consumer Electronics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Facial Recognition Biometrics in Consumer Electronics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Facial Recognition
9.6.2 Facial Authentication
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Government
9.10.2 Enterprise
9.10.3 Individual Consumers
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Facial Recognition
10.6.2 Facial Authentication
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Government
10.10.2 Enterprise
10.10.3 Individual Consumers
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Facial Recognition
11.6.2 Facial Authentication
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Government
11.10.2 Enterprise
11.10.3 Individual Consumers
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Facial Recognition
12.6.2 Facial Authentication
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Government
12.10.2 Enterprise
12.10.3 Individual Consumers
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Facial Recognition
13.6.2 Facial Authentication
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Government
13.10.2 Enterprise
13.10.3 Individual Consumers
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Facial Recognition Biometrics in Consumer Electronics Market: Competitive Dashboard
14.2 Global Facial Recognition Biometrics in Consumer Electronics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cognitec Systems
14.3.2 Dell
14.3.3 Google
14.3.4 HP
14.3.5 Apple
14.3.6 Microsoft
14.3.7 AMD
14.3.8 Intel Security
14.3.9 Cogent Systems
14.3.10 Allied Time USA
14.3.11 FacialNetwork
14.3.12 Lenovo
14.3.13 ASUS
14.3.14 KeyLemon
