North America Facial Recognition Market Size & Outlook
North America facial recognition market, 2017-2028 (US$M)
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North America facial recognition market highlights
- The North America facial recognition market generated a revenue of USD 1,660.7 million in 2021.
- The market is expected to grow at a CAGR of 12.6% 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, Mexico is expected to register the highest CAGR from 2022 to 2028.
North America data book summary
| Market revenue in 2021 | USD 1,660.7 million |
| Market revenue in 2028 | USD 3,806.3 million |
| Growth rate | 12.6% (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, North America region accounted for 37.3% 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 |
|---|
North America 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 37.51% in 2021. Horizon Databook has segmented the North America facial recognition market based on 2d, 3d, facial analytics covering the revenue growth of each sub-segment from 2017 to 2028.
The federal government (U.S.) has implemented several face recognition systems and the FBI’s next-generation identification database that contains records of over 30 million facial images. FBI also has a team dedicated to facial recognition searches, namely FACE (Facial Analysis, Comparison, and Evaluation) Services.
The FBI can access over 400 million images of non-criminal individuals from the state department and the state DMVs (Department of Motor Vehicles). Also, 16 U.S. states allow the FACE team to access ID photos and driver’s license.
MorphoTrust, a subsidiary of IDEMIA, is one of the largest vendors of biometry products and services in the U.S. It has developed facial recognition systems for state and federal law enforcement agencies, state DMVs, state departments, and airports.
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Target buyers of North America 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 North America facial recognition market , including forecasts for subscribers. This continent databook contains high-level insights into North America facial recognition market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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North America facial recognition market size, by country, 2017-2028 (US$M)
North America Facial Recognition Market Outlook Share, 2021 & 2028 (US$M)
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