Market Overview:
The global facial recognition market is expected to grow at a CAGR of 16.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for emotion recognition, attendance tracking and monitoring, access control, and law enforcement applications. In addition, the growing adoption of thermal face recognition technology is also contributing to the growth of the global facial recognition market. However, privacy concerns related to data security and storage are restraining the growth of this market. The global facial recognition market by type is segmented into 2D facial recognition, 3D facial recognition, and thermal face Recognition. The 2D facial Recognition segment accounted for majority share in 2017 and is expected to maintain its dominance during forecast period 2018-2030 owing to its low cost as compared with other types of Facial Recognition technologies . However ,the 3 D facia l recognit ion segm ent i s expec ted t o gr ow at a hig her cagr durin g th e foreca st per iod owing t o its high accuracy rate as compared with 2 D fac ial recogni tion .
Product Definition:
Facial recognition is the ability of a computer system to identify or verify a human face from a digital image. It is used in security, surveillance, and marketing.
2D Facial Recognition:
2D facial recognition is a biometric test used to compare the captured image against the stored images for verification and comparison purposes. The technology is widely used in commercial buildings, banks, government offices for security purposes. It also finds its use in fraud prevention and identification of criminals. 2D facial recognition has gained popularity due to its low cost compared to 3D techniques which makes it more accessible for implementation across various applications such as driver's license or passport verification, access control systems among others.
3D Facial Recognition:
3D facial recognition is the technology that enables a computer to analyze and compare an image or video with a database, in order to identify and verify the identity of a person. The process involves capturing images of faces, which are then compared with the existing records in various databases. 3D facial recognition is used by law enforcement agencies for identification purposes as well as by companies for security purposes such as access control through biometrics or iris scanning.
Application Insights:
The others segment includes applications such as social networking, marketing and advertising, human resources. The technology has been widely used for access control in the healthcare sector. For instance, it is being used to enhance the security of information by providing facial recognition capabilities to entry doors at hospitals. These doors are equipped with sensors that can detect if a person trying to enter or exit the hospital is a known patient and authorize entry only when necessary. Facial recognition technologies have also found application in attendance tracking and monitoring for purposes such as fraud detection or tracking employee time spent on office activities or during breaks etc., which helps organizations improve their productivity levels over time without compromising on security measures while protecting confidential data from leakage or improper use of information stored within an organization¢â‚¬â„¢s IT infrastructure.
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 growing adoption of technologies such as facial recognition, biometric access control, and voiceprint recognition is expected to drive growth during the forecast period. Furthermore, government initiatives are also driving regional growth by funding research projects on Facial Recognition Technology (FRT). For instance, In January 2018, FaceFirst Inc., a U.S.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing government spending on security infrastructure coupled with rising crime rates across various countries including China and India have led governments across these regions adopt advanced security systems such as facial recognition technology for better safety outcomes.
Growth Factors:
- Increasing demand for security and surveillance systems
- Proliferation of digital devices and the increasing use of facial recognition for authentication purposes
- The growing trend of biometric-based payments
- The increasing demand from law enforcement agencies and governments for facial recognition technology
- Advances in artificial intelligence (AI) that are helping to improve the accuracy of facial recognition algorithms
Scope Of The Report
Report Attributes
Report Details
Report Title
Facial Recognition Market Research Report
By Type
2D Facial Recognition, 3D Facial Recognition, Thermal Face Recognition
By Application
Emotion Recognition, Attendance Tracking And Monitoring, Access Control, Law Enforcement, Others
By Companies
Aware, NEC, Ayonix, Cognitec Systems, Keylemon, Nviso, Herta Security, Neurotechnology, Daon, Animetrics, Gemalto
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
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Facial Recognition Market Report Segments:
The global Facial Recognition market is segmented on the basis of:
Types
2D Facial Recognition, 3D Facial 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, Attendance Tracking And Monitoring, Access Control, Law Enforcement, 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:
- Aware
- NEC
- Ayonix
- Cognitec Systems
- Keylemon
- Nviso
- Herta Security
- Neurotechnology
- Daon
- Animetrics
- Gemalto
Highlights of The Facial Recognition 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 Facial Recognition
- 3D Facial Recognition
- Thermal Face Recognition
- By Application:
- Emotion Recognition
- Attendance Tracking And Monitoring
- Access Control
- Law Enforcement
- 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 Facial Recognition 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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- Correctly Positioning New Products
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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 is the ability to identify individuals by their facial features. This technology can be used for a variety of purposes, including security and identification.
Some of the key players operating in the facial recognition market are Aware, NEC, Ayonix, Cognitec Systems, Keylemon, Nviso, Herta Security, Neurotechnology, Daon, Animetrics, Gemalto.
The facial recognition market is expected to register a CAGR of 16.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Facial Recognition 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 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Facial Recognition 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 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 Market Size & Forecast, 2020-2028
4.5.1 Facial Recognition Market Size and Y-o-Y Growth
4.5.2 Facial Recognition 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 2D Facial Recognition
5.2.2 3D Facial Recognition
5.2.3 Thermal Face Recognition
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 Emotion Recognition
6.2.2 Attendance Tracking And Monitoring
6.2.3 Access Control
6.2.4 Law Enforcement
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Facial Recognition 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 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 2D Facial Recognition
9.6.2 3D Facial Recognition
9.6.3 Thermal Face Recognition
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 Emotion Recognition
9.10.2 Attendance Tracking And Monitoring
9.10.3 Access Control
9.10.4 Law Enforcement
9.10.5 Others
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 2D Facial Recognition
10.6.2 3D Facial Recognition
10.6.3 Thermal Face Recognition
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 Emotion Recognition
10.10.2 Attendance Tracking And Monitoring
10.10.3 Access Control
10.10.4 Law Enforcement
10.10.5 Others
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 2D Facial Recognition
11.6.2 3D Facial Recognition
11.6.3 Thermal Face Recognition
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 Emotion Recognition
11.10.2 Attendance Tracking And Monitoring
11.10.3 Access Control
11.10.4 Law Enforcement
11.10.5 Others
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 2D Facial Recognition
12.6.2 3D Facial Recognition
12.6.3 Thermal Face Recognition
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 Emotion Recognition
12.10.2 Attendance Tracking And Monitoring
12.10.3 Access Control
12.10.4 Law Enforcement
12.10.5 Others
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 2D Facial Recognition
13.6.2 3D Facial Recognition
13.6.3 Thermal Face Recognition
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 Emotion Recognition
13.10.2 Attendance Tracking And Monitoring
13.10.3 Access Control
13.10.4 Law Enforcement
13.10.5 Others
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 Market: Competitive Dashboard
14.2 Global Facial Recognition Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aware
14.3.2 NEC
14.3.3 Ayonix
14.3.4 Cognitec Systems
14.3.5 Keylemon
14.3.6 Nviso
14.3.7 Herta Security
14.3.8 Neurotechnology
14.3.9 Daon
14.3.10 Animetrics
14.3.11 Gemalto
