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Driving Facial Recognition Market 2021 Definition, Size, Share, Segmentation and Forecast data by 2030 | Says Kenneth Research

In a recent published report, Kenneth Research has updated the market report for Driving Facial Recognition Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Driving Facial Recognition Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023

Facial Recognition is a biometric application which captures image and uses it to identify individuals by applying facial analytics and comparing it with the existing database. Facial recognition systems are commonly used for security purposes, especially in the surveillance field but recently the use of facial recognition in other applications has progressed. The facial recognition market is driven by the increasing criminal activities, globally. Apart from it, the increasing security measures at ATMs and the growing installation of facial recognition systems at airports, and shopping malls drive the facial recognition market.

Facial recognition market is segmented on the basis of technology as 3D Facial Recognition, 2D Facial Recognition, Thermal imaging and Skin Texture. To capture information about the shape of a face, the 3D facial recognition technology uses 3D sensors. The skin texture analysis uses visual details of the skin, as captured in standard digital or scanned images and analyzes unique lines, patterns, and spots apparent in a person’s skin into a mathematical space. The ability of identifying a suspect from a large viewing angle with a high accuracy, is achieved by 3D facial recognition technology.


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The global facial recognition market provides two types of services as consulting services and cloud based services. Rising adoption of cloud technologies has resulted in the fastest growth of cloud based facial recognition services. The facial recognition market is classified on the basis of components as hardware and software components. The hardware component holds a larger share in the facial recognition market whereas the software component of facial recognition is expected to grow at a faster rate. The facial recognition technology is still in a developing phase therefore it has technological limitations.

Lack of awareness has resulted as a major restrain for the facial recognition market.The global facial recognition market had been valued at USD 3.4 billion in the year 2016, which is expected to reach USD 8.93 billion by the end of the forecast period growing at ~19.6% CAGR.

Key Players

The key players of facial recognition market are Safran SA (France), NEC Corporation (Japan), Cognitec Systems (Germany), Aware Inc. (U.S), Daon Inc. (U.S.), Gemalto (Netherlands) FaceFirst Inc. (U.S.), Ayonix Corporation (Japan), Key Lemon Ltd. (Switzerland), Face++ (China) and others.

Global Facial Recognition Market Analysis & Forecast, from 2016 to 2022
• To provide detailed analysis of the market structure along with forecast for the next ten years of the various segments and sub-segments included in global Facial Recognition market with analysis of its development and demand in the market
• Upcoming technologies, high growth geographies and countries were identified
• Regional and country specific demand and forecast for facial recognition were studied
• Key segments covered in the report are: technology, services, components and end-user.
• Unit breakdown for all different classification was finalized; and same was referred for forecasting, keeping few assumptions into factor
• For all the regions, forecast demand for all applications were identified and then with historical figure, data collected through primary and annual reports were triangulated to derive the regional market size
• Historical trend is identified to forecast and estimate the future value data

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Target Audience

• Technology investors
• End-user industries
• Research & consultant organization
• Market players
• Government

Key Findings

• The global facial recognition market is expected to reach USD 8.93 Billion by 2022.
• By Technology, 3D Facial Recognition accounts for the largest market share and is growing with approximately ~23.4% CAGR during forecast period.
• By End-user, Government industry holds the largest market growing with approximately 22.9% CAGR by the end of forecast period.
• Geographically, North America has been projected to have the largest market share in global Facial Recognition market, while Asia-Pacific has been projected to emerge as the fastest growing region.

Regional and Country Analysis of Facial Recognition Market Estimation and Forecast

The global Facial Recognition market is expected to grow at a promising rate during the forecast period, 2016-2022. North America is projected to be the largest market for facial recognition. The growing demand of high end security is estimated to drive the facial recognition market in North America. It is followed by Europe, which would continue to hold a large share in the market. Asia-Pacific is expected to be the fastest growing market due to the increase of investments in the field of surveillance.

The reports also cover country level analysis:

• North America
o US
o Canada
o Mexico
o Others
• Europe
o Germany
o UK
o France
o Rest of the Europe
• Asia – Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Rest of the World


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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation.

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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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