Facial Recognition Market Size, Share and Growth Report 2028

report image

Facial Recognition Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Software, Hardware, and Services), Application (Security & Surveillance, Access Control, and Others), and Vertical (BFSI, Retail & Ecommerce, Government, Healthcare, Education, Automotive & Transportation, and Others)

Publication Month: Feb 2022 | Report Code: TIPRE00003385 | No. of Pages: 165 | Category: Technology, Media and Telecommunications | Status: Published

The facial recognition market is projected to reach US$ 12,670.22 million by 2028 from US$ 5,012.71 million in 2021; it is expected to grow at a CAGR of 14.2% from 2021 to 2028.

Biometrics gained huge traction among intelligence agencies after the world witnessed several severe terrorist attacks in the past, e.g., the attack on World Trade Center on September 11, 2011, in the US. The data were collected worldwide through biometric, especially by military personnel in possibly high-threat nations. Governments of various countries, such as the US and China, are investing in the adoption of facial recognition technologies. China is one of the significant adopters and exporters of facial recognition tools. According to Comparitech, China has the most extensive public surveillance system as the number of CCTV cameras increased to 626 million in 2020. The country government reinforces these systems with the integration of facial recognition technologies. Furthermore, in the military sector, facial recognition systems are employed to identify individuals on the battlefield. The US military has spent more than US$ 4.5 million in the development of facial recognition technology that reads the heat patterns emitted by faces to identify specific people. Thus, the above metioned factors drive the facial recognition market growth.

Strategic Insights

Report Coverage - Facial Recognition Market
Report CoverageDetails
Market Size Value inUS$ 5,012.71 Million in 2021
Market Size Value byUS$ 12,670.22 Million by 2028
Growth rateCAGR of 14.2% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
No. of Pages165
No. of Tables77
No. of Charts & Figures89
Historical data availableYes
Segments coveredComponent, Application, and Vertical
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Russia, Italy, France, India, China, Japan, South Korea, Australia, UAE, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Impact of COVID-19 Pandemic on Facial Recognition Market 

The COVID-19 pandemic has shaken several industries. Due to rising concern for hygiene, many companies are shifting toward facial recognition as a sanitary alternative to avoid the spread of novel coronavirus. In many countries, law enforcement and organization have moved from legacy systems to facial recognition solutions to avoid the spread of infection. In addition, the integration of artificial intelligence (AI) offers a practical solution by combining both facial recognition technology and temperature detection. During the COVID-19 outbreak in China, authorities used facial recognition, combined with infrared cameras, to recognize infected people. Also, Chinese intelligent interaction company, Hanwang Technology, developed a facial recognition technology that can identify people wearing masks in the country. Thus, the overall impact of COVID-19 pandemic on the facial recognition market is low to moderate due to the increasing adoption of the technology to avoid the spread of the novel coronavirus.

Lucrative Regions in Facial Recognition Market

Lucrative Regions in Facial Recognition Market

Get more information on this report :

Market Insights – Facial Recognition Market

Rising Investment by Government Sector Propels Facial Recognition Market Growth

The government segment consists of various government facilities, defense facilities, municipalities, utility stations, and others. Owing to the increasing emphasis on national security, governments across the world are investing significantly in advanced security solutions such as facial recognition systems. Also, the increasing emphasis on developing smart cities is among the other factors contributing to the adoption of facial recognition system for enhanced security and surveillance applications, which drives the facial recognition market growth.

Application-Based Insights

Based on device, the facial recognition market is segmented into security & surveillance, access control, and others. The security & surveillance segment held the largest market share in 2021.


Players operating in the facial recognition market are mainly focused on the development of advanced and efficient products.

  • In January 2022, Tech5 announced partnership with NIDP Ethiopia Partners in the field of biometric and digital ID technologies.
  • In January 2022, BAXE and Haventec partnered with IDEMIA to launch the first blockchain ecosystem using a facial authentication solution for identification.

The facial recognition market is segmented on the basis of component, application, and vertical. Based on component, the market is segmented into software, hardware, and services. In 2021, the software segment led the market with the largest share. Based on application, the facial recognition market is segmented into security & surveillance, access control, and others. In 2021, the security & surveillance segment led the market and accounted for the largest share. Based on vertical, the facial recognition market is segmented into BFSI, retail and e-commerce, government, healthcare, education, automotive and transportation, and others. In 2021, the government segment held the largest share of the market. By geography, the facial recognition market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, APAC accounted for a significant share in the market.

Tech5, IDEMIA, Aware Inc., Cognitec Systems GmbH, Ayonix Corporation, Fujitsu Limited, Onfido, NEC Corporation, Thales Group, and Face PHI are among the key players operating in the global facial recognition market and profiled in the market study.

Frequently Asked Questions

The major companies in facial recognition includes IDEMIA, Leidos, NEC Corporation, Thales Group and Cognitec. The ranking has been derived analysing multiple parameters such as annual revenue earned from facial recognition portfolio, client base, geographic locations, R&D expenditure, brand image, and number of employees, among others. These companies are actively participating in developing facial recognition for various applications.
China held the largest share in APAC region. The demand for the facial recognition market is growing in China due to rise in the use of facial recognitions in several sectors. In addition, the government's increasing focus on airport sectors and growing adoption in education sectors is fueling the market growth. For instance, in 2019, Beijing Daxing International Airport has been incorporating facial recognition software, and it being used from identifying passengers to purchasing items from the duty-free store..
In 2021, APAC led the market with a substantial revenue share, followed by North America and Europe. China is the leading country in APAC for facial recognition, and it is expected to rise rapidly over the projection period, followed by the Japan and India.
The global facial recognition market was dominated by security & surveillance application segment accounted for the largest share in 2021 during the forecast period. L Facial recognition is used by regional as well as international agencies such as the Interpol to identify potential suspects or find missing persons. Moreover, advanced facial recognition tools used by Security and Surveillance agencies are able to analysis several faces in real-time for security and surveillance application.
The facial recognition have been in use for several years worldwide, however, the technology has been experiencing immense demand in recent years. Increasing demand from government and defense sectors and burgeoning adoption of ai-based facial recognition systems are supporting the growth of facial recognition market.
Cloud-based facial recognition systems benefit through real-time processing. On-demand self-service allows customers to quickly procure and access the services they want. Cloud computing offers broad access to systems as it offers quick and reliable integration with other applications. Cloud-based solutions reduce various upfront costs and eliminate concerns related to the maintenance of servers. Hence, cloud-based solutions are best-suited for small and medium enterprises (SMEs) and organizations that cannot bear the cost of on-premises solutions. The increasing adoption of cloud-based technologies and the Internet of Things (IoT) is, thus, creating excellent opportunities for the future growth of facial recognition system vendors.

The List of Companies - Facial Recognition Market

  1. Tech5
  3. Aware Inc.
  4. Cognitec Systems GmbH
  5. Ayonix Corporation
  6. Fujitsu Limited
  7. Onfido
  8. NEC Corporation
  9. Thales Group
  10. Face PHI
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global facial recognition market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global facial recognition market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Get the Latest COVID-19 Analysis on this market

Have a Question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Speak to Analyst
  • $3000
  • $4550
  • $6550
  • $8550

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

    Inquire for Discount