Global Face Recognition Device Market Growth 2023-2029

Global Face Recognition Device Market Growth 2023-2029

A facial recognition device stems from a purpose-built combination of high-end hardware components and efficient software to automatically identify or verify a person from a digital image, as required in several Security and Surveillance installations. The identification process is done by comparing the facial features extracted from an image with those previously stored in a facial database.
LPI (LP Information)' newest research report, the “Face Recognition Device Industry Forecast” looks at past sales and reviews total world Face Recognition Device sales in 2022, providing a comprehensive analysis by region and market sector of projected Face Recognition Device sales for 2023 through 2029. With Face Recognition Device sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Face Recognition Device industry.
This Insight Report provides a comprehensive analysis of the global Face Recognition Device landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Face Recognition Device portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Face Recognition Device market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Face Recognition Device and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Face Recognition Device.
The global Face Recognition Device market size is projected to grow from US$ 1300.1 million in 2022 to US$ 4179.4 million in 2029; it is expected to grow at a CAGR of 4179.4 from 2023 to 2029.
Global Face Recognition Device key players include Cloudwalk, Dahua Technology, Face++, Insigma Group, etc. Global top four manufacturers hold a share about 35%.
APAC is the largest market, with a share over 50%, followed by Europe, and Americas, both have a share over 40 percent.
In terms of product, Access Control System is the largest segment, with a share nearly 65%. And in terms of application, the largest application is Transportation, followed by Non-financial Enterprises, BFSI, Residential, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Face Recognition Device market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Access Control System
Ticket Gates System
Others
Segmentation by application
Transportation
BFSI
Residential
Non-financial Enterprises
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cloudwalk
Dahua Technology
Aurora
Insigma Group
Face++
PCI
CMOLO
IDEMIA (France)
Anviz
Adatis GmbH&Co. KG
ColosseoEAS
Artec Group
EnterFace
IDTECK Co Ltd.
Bioenable
Key Questions Addressed in this Report
What is the 10-year outlook for the global Face Recognition Device market?
What factors are driving Face Recognition Device market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Face Recognition Device market opportunities vary by end market size?
How does Face Recognition Device break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.