Global Facial Recognition Market, By Technology (3D Facial Recognition, 2D Facial Recognition, and Facial Analytics), By End-user (Law Enforcement, Healthcare, and Retail), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI402020 | Publish Date: May 2023 | No. of Pages: 180

Global Facial Recognition Market By Overview

Introduction:

Facial recognition includes in a category of biometric software that maps an individual's facial structures mathematically and stores the data as a face print. This facial recognition software uses deep learning algorithms to relate a live capture or digital image to the stored faceprint to verify an individual's identity. This technology provides a refined observation technique that can be more accurate than the human eye. This is used to enhance public safety.

Drivers and Restraints:

Increase in the terrorist attacks in the government organizations, therefore demand for facial recognition is growing on a large scale. This is because facial recognition provides a high level of security in the private and public sectors. Additionally, governments across the world have been spending on facial recognition technology. For instance News by economics time India, India is planning to set up one of the world's largest facial recognition systems, creating a lucrative opportunity for surveillance companies. And India's facial recognition market will grow six-fold by 2024 to $4.3 billion. Furthermore growing application in physical security and intelligent signage this boost the demand for the target market. However, the concern about share personal data and lack of accuracy such factor restrain the market growth. Also, research and development to increasing application in mobile security and drones are expected to provide an opportunity for the target market.

Segmentation:

The global Facial Recognition market is segmented based on Technology, End-user, and region.

Technology the global Facial Recognition market is classified into 3D Facial Recognition, 2D Facial Recognition, and Facial Analytics. 3D Facial Recognition is expected to dominate the target market, this is an attribute to technologies like 3D facial recognition becoming a standard approach to user authentication, and growing technological advancement is expected to increase its penetration rate. In a various device such as mobile laptops and many others. End-user the global Facial Recognition market is classified into Security and Law enforcement, healthcare, and retail.

By region, North America is expected to dominate the target market. Growing demand for surveillance systems to boost safety and security are swelling the adoption of facial recognition systems. Additionally, some government initiatives are expected to contribute to the double-digit growth of such technologies. For instance, the US government has plans to reshape airport security through facial recognition, to register and identify the visitors.

Key Players:   

The key players operating the global Facial Recognition market includes Panasonic Corporation, Thales Group (Gemalto NV), NEC Corporation, Cognitec Systems GmH, Aware Inc., FacePhi Biometric SA, Animetrics Inc., Ayonix Corporation, Face First Inc., Idemia France SAS, and Daon Inc. the key players in the market are focusing on technological development and new product offering. For instance, Panasonic Corporation announced that starting offering an application programming interface (API) for its facial recognition technology to the market in Japan.

Detailed Segmentation:

Global Facial Recognition Market, Technology:

  • 3D Facial Recognition
  • 2D Facial Recognition
  • Facial Analytics

 Global Facial Recognition Market, End-user:

  • Security and Law Enforcement
  • Healthcare
  • Retail

Global Facial Recognition Market, By Region:

      • North America
        • North America Facial Recognition  Market, Technology
        • North America Facial Recognition  Market, End-user
        • North America Facial Recognition  Market, By Country
          • U.S.
          • Canada
      • Europe
        • Europe Facial Recognition  Market, Technology
        • Europe Facial Recognition  Market, End-user
        • Europe Facial Recognition  Market, By Country
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
        • Asia Pacific Facial Recognition  Market, Technology
        • Asia Pacific Facial Recognition  Market, End-user
        • Asia Pacific Facial Recognition  Market, By Country
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
        • Latin America Facial Recognition  Market, Technology
        • Latin America Facial Recognition  Market, End-user
        • Latin America Facial Recognition  Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
        • Middle East & Africa Facial Recognition  Market, Technology
        • Middle East & Africa Facial Recognition  Market, End-user
        • Middle East & Africa Facial Recognition  Market, By Country
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Company Profile:

  • Panasonic Corporation
        • Company Overview 
        • Type Portfolio
        • Key Highlights
        • Financial Performance
        • Business Strategies
  • Thales Group (Gemalto NV)
  • NEC Corporation
  • Cognitec Systems GmH
  • Aware Inc.
  •  FacePhi Biometric SA
  • Animetrics Inc
  • Ayonix Corporation
  • Face First Inc.
  •  Idemia France SAS
  • Daon Inc.

“*” marked represents similar segmentation in other categories in the respective section

Key Issues Addressed

  • What is the total revenue potential of the global Facial Recognition market? How that market is expected to grow during the study period?
  • What are some of the major growth opportunities in the Facial Recognition market?
  • Which companies are the major players in the Facial Recognition market?

Global Facial Recognition Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Industry Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Facial Recognition  Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Technology
      • Market Snippet, End-user
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Facial Recognition  Market, By Technology, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • 3D Facial Recognition
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • 2D Facial Recognition
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Facial Analytics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Facial Recognition  Market, End-user, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Security and Law Enforcement
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Healthcare
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Retail
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Facial Recognition  Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), End-user, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), End-user, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), End-user, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), End-user, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), End-user, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  9. Company Profiles 
  • Panasonic Corporation
        • Company Overview 
        • Type Portfolio
        • Key Highlights
        • Financial Performance
        • Business Strategies
  • Thales Group (Gemalto NV)
  • NEC Corporation
  • Cognitec Systems GmH
  • Aware Inc.
  • FacePhi Biometric SA
  • Animetrics Inc
  • Ayonix Corporation
  • Face First Inc.
  • Idemia France SAS
  • Daon Inc
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Facial Recognition Market is segmented into Technology, End-Users, and Region.

Increasing emphasis on biometric security, demand for contactless authentication, and the adoption of facial recognition technology for access control, identity verification, and surveillance drive the growth of the facial recognition market globally.

Challenges include potential privacy concerns, accuracy limitations in certain conditions, and the need for ethical considerations and regulatory frameworks, posing global restraints in the facial recognition market.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the target market includes, Panasonic Corporation, Thales Group (Gemalto NV), NEC Corporation, Cognitec Systems GmH, Aware Inc., FacePhi Biometric SA, Animetrics Inc., Ayonix Corporation, Face First Inc., Idemia France SAS, and Daon Inc.