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Facial Recognition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global facial recognition market reached a value of US$ 3.80 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 17.2% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

Facial recognition refers to a biometric technology for identifying faces and verifying the identity of an individual. Facial recognition software and systems use deep learning algorithms to capture, analyze and compare patterns, live captures or digital images to the stored faceprint repository to verify the identity. It eliminates the need for physical contact for verification, can be integrated with existing security infrastructure and offers an improved level of security. It also enables faster data processing and facilitates automated authentication. As a result, facial recognition finds extensive applications for homeland security, criminal investigations, identity management, intelligent signage and photo indexing and sorting.

The increasing incidences of cyberattacks, terrorist activities and identity thefts across the globe is one of the key factors driving the growth of the market. Furthermore, the widespread utilization of smart surveillance systems, such as multi-factor authentication systems, is stimulating the market growth. Facial recognition provides high-level security to public and private organizations through accurate identification of individuals for access control. This, in turn, is bolstering their demand across the corporate sector and commercial spaces. These systems are also used in the healthcare sector to replace passwords and provide healthcare providers a quick access to the patient’s medical records. Additionally, various technological advancements, such as the development of 3D recognition systems, are acting as other growth-inducing factors. 3D facial recognition systems can operate in the dark, recognize faces from multiple viewing angles and determine changes in facial characteristics, age and gender. Such advanced features are contributing to the increasing demand for efficient facial recognition solutions across various industry sectors. Other factors, including the utilization of mobile security devices, drones and cloud-based surveillance systems, along with extensive infrastructural developments, are anticipated to drive the market further. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global facial recognition market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on component, technology, application and end use industry.

Breakup by Component:

  • Software
  • Services
     

Breakup by Technology:

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

Breakup by Application:

  • Emotion Recognition
  • Attendance Tracking and Monitoring
  • Access Control
  • Security and Surveillance
  • Others
     

Breakup by End Use Industry: 

  • Retail and E-commerce
  • BFSI
  • Government and Defense
  • Automotive and Transportation
  • Media and Entertainment
  • Healthcare
  • Telecom and IT
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 3M Company, Animetrics Inc., Aware Inc., Ayonix Corp­oration, Cognitec Systems GmbH, Daon Inc., FaceFirst Inc., FacePhi Biometria, IDEMIA (Advent International), NEC Corporation, Safran Group and Thales Group.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Component, Technology, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 3M Company, Animetrics Inc., Aware Inc., Ayonix Corp­oration, Cognitec Systems GmbH, Daon Inc., FaceFirst Inc., FacePhi Biometria, IDEMIA (Advent International), NEC Corporation, Safran Group and Thales Group
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global facial recognition market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global facial recognition market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global facial recognition market and who are the key players?
  • What is the degree of competition in the industry?

1   Preface
2   Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Facial Recognition Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Component
    6.1    Software
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Technology
    7.1    2D Facial Recognition
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    3D Facial Recognition
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Facial Analytics
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Application
    8.1    Emotion Recognition
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Attendance Tracking and Monitoring
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Access Control
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Security and Surveillance
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9   Market Breakup by End Use Industry
    9.1    Retail and E-commerce
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    BFSI
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Government and Defense
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Automotive and Transportation
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Media and Entertainment
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Healthcare
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Telecom and IT
        9.7.1 Market Trends
        9.7.2 Market Forecast
    9.8    Others
        9.8.1 Market Trends
        9.8.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
15  Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    3M Company
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Animetrics Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio 
        15.3.3    Aware Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
           15.3.3.3 Financials
        15.3.4    Ayonix Corporation
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
        15.3.5    Cognitec Systems GmbH
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
        15.3.6    Daon Inc.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
        15.3.7    FaceFirst Inc.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    FacePhi Biometria 
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
           15.3.8.3 Financials
        15.3.9    IDEMIA (Advent International)
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
           15.3.9.3 Financials
        15.3.10    NEC Corporation 
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Safran Group
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio 
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis 
       15.3.12    Thales Group
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio 
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis       

List of Figures

Figure 1: Global: Facial Recognition Market: Major Drivers and Challenges
Figure 2: Global: Facial Recognition Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Facial Recognition Market: Breakup by Component (in %), 2020
Figure 4: Global: Facial Recognition Market: Breakup by Technology (in %), 2020
Figure 5: Global: Facial Recognition Market: Breakup by Application (in %), 2020
Figure 6: Global: Facial Recognition Market: Breakup by End Use Industry (in %), 2020
Figure 7: Global: Facial Recognition Market: Breakup by Region (in %), 2020
Figure 8: Global: Facial Recognition Market Forecast: Sales Value (in Billion US$), 2021-2026 
Figure 9: Global: Facial Recognition (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Facial Recognition (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Facial Recognition (Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Facial Recognition (Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Facial Recognition (2D Facial Recognition) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Facial Recognition (2D Facial Recognition) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Facial Recognition (3D Facial Recognition) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Facial Recognition (3D Facial Recognition) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Facial Recognition (Facial Analytics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Facial Recognition (Facial Analytics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Facial Recognition (Emotion Recognition) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Facial Recognition (Emotion Recognition) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Facial Recognition (Attendance Tracking and Monitoring) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Facial Recognition (Attendance Tracking and Monitoring) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Facial Recognition (Access Control) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Facial Recognition (Access Control) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Facial Recognition (Security and Surveillance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Facial Recognition (Security and Surveillance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Facial Recognition (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Facial Recognition (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Facial Recognition (Retail and E-commerce) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Facial Recognition (Retail and E-commerce) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Facial Recognition (BFSI) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Facial Recognition (BFSI) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Facial Recognition (Government and Defense) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Facial Recognition (Government and Defense) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Facial Recognition (Automotive and Transportation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Facial Recognition (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Facial Recognition (Media and Entertainment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Global: Facial Recognition (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Global: Facial Recognition (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Global: Facial Recognition (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Global: Facial Recognition (Telecom and IT) Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Global: Facial Recognition (Telecom and IT) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Global: Facial Recognition (Other End Use Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Global: Facial Recognition (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: North America: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: North America: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: United States: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: United States: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Canada: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Canada: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Asia Pacific: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Asia Pacific: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: China: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: China: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Japan: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Japan: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: India: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: India: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: South Korea: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: South Korea: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Australia: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Australia: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Indonesia: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Indonesia: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Others: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Others: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Europe: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Europe: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Germany: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Germany: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: France: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: France: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: United Kingdom: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: United Kingdom: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Italy: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Italy: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Spain: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Spain: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Russia: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Russia: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Others: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Others: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Latin America: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: Latin America: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Brazil: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 86: Brazil: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 87: Mexico: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 88: Mexico: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 89: Others: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 90: Others: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 91: Middle East and Africa: Facial Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 92: Middle East and Africa: Facial Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 93: Global: Facial Recognition Industry: SWOT Analysis
Figure 94: Global: Facial Recognition Industry: Value Chain Analysis
Figure 95: Global: Facial Recognition Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Facial Recognition Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Facial Recognition Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 3: Global: Facial Recognition Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 4: Global: Facial Recognition Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Facial Recognition Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 6: Global: Facial Recognition Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Facial Recognition Market Structure
Table 8: Global: Facial Recognition Market: Key Players

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