Global Facial Recognition Market to Reach $22.4 Billion by 2030
The global market for Facial Recognition estimated at US$5.2 Billion in the year 2022, is projected to reach a revised size of US$22.4 Billion by 2030, growing at a CAGR of 20.1% over the analysis period 2022-2030. 3D Facial Recognition, one of the segments analyzed in the report, is projected to record 20.4% CAGR and reach US$8.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the 2D Facial Recognition segment is readjusted to a revised 21.7% CAGR for the next 8-year period.The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 19.2% CAGR
The Facial Recognition market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2030 trailing a CAGR of 19.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.5% and 17% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR.Select Competitors (Total 154 Featured) -
- Animetrics
- Aware
- Ayonix
- Cognitec Systems
- Daon
- Facefirst
- Facephi
- Gemalto
- Herta Security
- ID3 Technologies
- Idemia
- Innovatrics
- Megvii (Face++)
- NEC
- Neurotechnology
- Nviso
- Sightcorp
- Smilepass
- Stereovision Imaging
- Techno Brain
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISCANADAITALYREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Animetrics
- Aware
- Ayonix
- Cognitec Systems
- Daon
- Facefirst
- Facephi
- Gemalto
- Herta Security
- ID3 Technologies
- Idemia
- Innovatrics
- Megvii (Face++)
- NEC
- Neurotechnology
- Nviso
- Sightcorp
- Smilepass
- Stereovision Imaging
- Techno Brain
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 149 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 5.2 Billion |
Forecasted Market Value ( USD | $ 22.4 Billion |
Compound Annual Growth Rate | 20.0% |
Regions Covered | Global |