China Facial Recognition Market Size & Outlook, 2021-2028
China facial recognition market, 2017-2028 (US$M)
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China facial recognition market highlights
- The China facial recognition market generated a revenue of USD 416.4 million in 2021 and is expected to reach USD 1,172.9 million by 2028.
- The China market is expected to grow at a CAGR of 15.9% 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.
Facial recognition market data book summary
| Market revenue in 2021 | USD 416.4 million |
| Market revenue in 2028 | USD 1,172.9 million |
| Growth rate | 15.9% (CAGR from 2021 to 2028) |
| Largest segment | 3d |
| Fastest growing segment | Facial Analytics |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 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, China accounted for 9.4% of the global facial recognition market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China facial recognition market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 907.6 million by 2028.
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Facial Recognition Market Scope
Facial Recognition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 38.21% in 2021. Horizon Databook has segmented the China facial recognition market based on 2d, 3d, facial analytics covering the revenue growth of each sub-segment from 2017 to 2028.
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Target buyers of China 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 country-level data and insights on the China facial recognition market , including forecasts for subscribers. This country databook contains high-level insights into China facial recognition market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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China facial recognition market size, by technology, 2017-2028 (US$M)
China Facial Recognition Market Outlook Share, 2021 & 2028 (US$M)
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