Asia Pacific Facial Recognition Market Size & Outlook
Asia Pacific facial recognition market, 2017-2028 (US$M)
Related Markets
Asia Pacific facial recognition market highlights
- The Asia Pacific facial recognition market generated a revenue of USD 1,128.7 million in 2021.
- The market is expected to grow at a CAGR of 19.2% from 2022 to 2028.
- In terms of segment, 3d was the largest revenue generating technology in 2021.
- Facial Analytics is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2028.
Asia Pacific data book summary
| Market revenue in 2021 | USD 1,128.7 million |
| Market revenue in 2028 | USD 3,863.9 million |
| Growth rate | 19.2% (CAGR from 2021 to 2028) |
| Largest segment | 3d |
| Fastest growing segment | Facial Analytics |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 2D, 3D, Facial Analytics |
| Key market players worldwide | Aware Inc, Cognitec Systems, Thales, Fujitsu Ltd, NEC Corp, Entrust Inc. |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 25.4% of the global facial recognition market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,863.9 million by 2028.
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Facial Recognition Market Scope
Facial Recognition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific facial recognition market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to facial recognition market will help companies and investors design strategic landscapes.
3d was the largest segment with a revenue share of 38.36% in 2021. Horizon Databook has segmented the Asia Pacific facial recognition market based on 2d, 3d, facial analytics covering the revenue growth of each sub-segment from 2017 to 2028.
Recently, the frp, a facial recognition company, has gained momentum in China as a new contactless payment method at stores. This application's popularity is attributable to the need for contactless payment methods due to the coronavirus outbreak.
Under Beijing public housing projects, several facial recognition systems have been installed in public housing sites, to prevent illegal subletting. These systems allow entry only to individual delivery staff and residents.
YITU Tech, a Shanghai-based biometrics solutions provider, has gained recognition for its facial scan platform. This platform can identify an individual from a database containing over 2 billion facial images in a fraction of seconds.
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Target buyers of Asia Pacific facial recognition market databook
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Our clientele includes a mix of facial recognition market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific facial recognition market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific facial recognition market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Asia Pacific facial recognition market size, by country, 2017-2028 (US$M)
Asia Pacific Facial Recognition Market Outlook Share, 2021 & 2028 (US$M)
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