Global Face Recognition Systems Market Growth (Status and Outlook) 2023-2029

Global Face Recognition Systems Market Growth (Status and Outlook) 2023-2029

This report studies the Face Recognition Systems market, a face recognition system is a computer application capable of identifying or verifying a person from a digital image or a video frame from a video source. One of the ways to do this is by comparing selected facial features from the image and a face database.

LPI (LP Information)' newest research report, the “Face Recognition Systems Industry Forecast” looks at past sales and reviews total world Face Recognition Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Face Recognition Systems sales for 2023 through 2029. With Face Recognition Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Face Recognition Systems industry.

This Insight Report provides a comprehensive analysis of the global Face Recognition Systems 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 Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Face Recognition Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Face Recognition Systems 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 Systems.

The global Face Recognition Systems market size is projected to grow from US$ 866.3 million in 2022 to US$ 2127.3 million in 2029; it is expected to grow at a CAGR of 13.7% from 2023 to 2029.

NEC Corporation, Safran Group and Gemalto are the top 3 players of Face Recognition Systems, with about 50% market shares.

This report presents a comprehensive overview, market shares, and growth opportunities of Face Recognition Systems market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

2D Face Recognition

3D Face Recognition

Thermal Face Recognition

Segmentation by application

Emotion Recognition

Law Enforcement, Surveillance, and Monitoring

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.

NEC Corporation

Safran Group

Gemalto

Ayonix

Crossmatch Technologies

Aware Inc

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