Global Facial Recognition Market Report and Forecast 2024-2032

Global Facial Recognition Market Report and Forecast 2024-2032


Market Outlook

According to the report by Expert Market Research (EMR), the global facial recognition market is projected to grow at a CAGR of 17.2% between 2024 and 2032. Aided by the evolving technological advancements and the rising need for enhanced security measures across various sectors, the market is expected to grow significantly by 2032.

Facial recognition is a biometric technology that identifies individuals by analysing patterns based on their facial textures and shapes. This technology has become indispensable in numerous applications, ranging from security systems to mobile phone authentication, ensuring rapid and secure verification processes. Apart from its paramount role in security and authentication, facial recognition is paving the way in areas such as personalised marketing, healthcare, and smart city planning.

The mounting concerns about security and the rise of cyber threats in the digital age are prime contributors of the facial recognition market growth. As institutions, governments, and corporations worldwide push for enhanced security protocols, facial recognition systems have emerged as an essential tool to counter identity fraud, unauthorised access, and potential terror threats.

Another crucial driver for the facial recognition market is its integration into smartphones, laptops, and other personal devices. As tech giants introduce facial unlocking features, users are gradually moving away from traditional passwords, embracing biometrics for a more personalised and secure experience.

Moreover, the innovative applications of facial recognition in sectors outside of security are increasing the facial recognition market size. For instance, in the healthcare industry, researchers are harnessing facial recognition to diagnose certain diseases based on facial features and anomalies. Meanwhile, in the retail industry, businesses are using this technology to offer personalised shopping experiences, analysing customers' facial expressions to gauge preferences and reactions to products.

Additionally, the surge of smart cities and connected infrastructure projects globally is integrating facial recognition systems for better urban management, leading to an augmented facial recognition market demand. These systems can monitor pedestrian traffic, identify missing individuals, or even flag suspicious activities, thus ensuring enhanced city safety.

Furthermore, the expansion of artificial intelligence (AI) and machine learning capabilities is set to bolster the efficiency and accuracy of facial recognition systems. As AI algorithms become more sophisticated, they enhance the technology's ability to differentiate between nuances, thereby reducing false positives and improving overall system reliability.

Market Segmentation

The market can be divided based on type, application, and region.

Market Breakup by Type
  • 2D Facial Recognition
  • 3D Facial Recognition
  • Facial Analytics
Market Breakup by Application
  • Security and Law Enforcement
  • Healthcare
  • Retail
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global facial recognition market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Panasonic Corporation
  • Thales SA
  • NEC Corporation
  • Cognitec Systems GmbH
  • Aware, Inc.
  • Ayonix Face Technoligies Inc.
  • Microsoft Corporation
  • FaceFirst, Inc.
  • Fujitsu Limited
  • FACEPHI BIOMETRÍA SA
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Facial Recognition Market Analysis
8.1 Key Industry Highlights
8.2 Global Facial Recognition Historical Market (2018-2023)
8.3 Global Facial Recognition Market Forecast (2024-2032)
8.4 Global Facial Recognition Market by Type
8.4.1 2D Facial Recognition
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 3D Facial Recognition
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Facial Analytics
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Facial Recognition Market by Application
8.5.1 Security and Law Enforcement
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Healthcare
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Retail
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Facial Recognition Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Facial Recognition Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Facial Recognition Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Facial Recognition Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Facial Recognition Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Facial Recognition Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Panasonic Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Thales SA
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 NEC Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Cognitec Systems GmbH
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Aware, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Ayonix Face Technoligies Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Microsoft Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 FaceFirst, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Fujitsu Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 FACEPHI BIOMETRÍA SA
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Facial Recognition Market: Key Industry Highlights, 2018 and 2032
2. Global Facial Recognition Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Facial Recognition Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Facial Recognition Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Facial Recognition Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Facial Recognition Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Facial Recognition Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Facial Recognition Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Facial Recognition Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Facial Recognition Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Facial Recognition Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Facial Recognition Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Facial Recognition Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Facial Recognition Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Facial Recognition Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Facial Recognition Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Facial Recognition Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Facial Recognition Market Structure

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