ASIA PACIFIC FACIAL RECOGNITION MARKET FORECAST 2019-2028

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ASIA PACIFIC FACIAL RECOGNITION MARKET FORECAST 2019-2028

The Asia Pacific facial recognition market is evaluated to record a CAGR of 17.58%, during the forecast period of 2019 to 2028. The region’s market growth is attributed to the economic developments established on facial recognition and the implementation of advanced security in several countries. China, India, Japan, Australia & New Zealand, Vietnam, Indonesia, Thailand, South Korea, and the rest of the Asia Pacific are analyzed for the Asia Pacific facial recognition market growth.

ASIA PACIFIC FACIAL RECOGNITION MARKET FORECAST 2019-2028

Asia Pacific Facial Recognition Market by Technology (3d Facial Recognition, 2d Facial Recognition, Facial Analytics) by End-user (Security and Law Enforcement, Healthcare, Retail, Other End-users) and by Geography.

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The Asia Pacific facial recognition market is evaluated to record a CAGR of 17.58%, during the forecast period of 2019 to 2028. The region’s market growth is attributed to the economic developments established on facial recognition and the implementation of advanced security in several countries.
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China, India, Japan, Australia & New Zealand, Vietnam, Indonesia, Thailand, South Korea, and the rest of the Asia Pacific are analyzed for the Asia Pacific facial recognition market growth. An economy based on facial recognition establishes itself in Japan through diverse avenues like shopping, boarding airplanes, and shopping, enabling users to lead a bag-free and cashless life. Moreover, NEC and Japan’s National Institute of Information and Communications Technology, have collaborated to develop a facial recognition system with superior technology, mainly based on quantum cryptography. Quantum cryptography is a form of encryption that promises to be virtually unhackable.

Although facial recognition attracts massive controversy over privacy concerns, novel and innovative applications for the technology are still being developed, with the first trial for opening bank accounts in ATMs through facial authentication in Japan. Likewise, in association with NEC Corporation, Seven Bank replaced its existing ATMs with machines that integrate biometric authentication technology as well as a QR code reader, from October 2019. ATM replacements in Tokyo, Japan, are scheduled to be achieved by 2020, with a complete initiation across the country by the end of 2024.

Panasonic Corporation, headquartered in Japan, produces, develops, markets, and services, electronic and electrical products across the world. It operates through segments such as, Audio Visual Computer (AVC) Networks, Appliances, Eco Solutions, and Automotive and Industrial Systems, among others. Moreover, the company operates 94 associated companies and 475 consolidated companies, under the equity method.

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  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • MARKET DEFINITION
    •    KEY DRIVERS
      • GROWING NEED FOR SURVEILLANCE SYSTEMS TO ENHANCE SAFETY AND SECURITY
      • INCREASING ADOPTION OF FACIAL RECOGNITION IN CONSUMER ELECTRONICS SECTOR
      • TECHNOLOGY ADVANCEMENTS IN RECOGNITION SYSTEMS
    •    KEY RESTRAINTS
      • PRIVACY ISSUES
      • HIGH ERROR RATES
      • LACK OF ESTABLISHED INTERNATIONAL STANDARDS
  1. KEY ANALYTICS
    • KEY INVESTMENT INSIGHTS
    •    PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  2. MARKET BY TECHNOLOGY
    • 3D FACIAL RECOGNITION
    • 2D FACIAL RECOGNITION
    • FACIAL ANALYTICS
  3. MARKET BY END-USER
    • SECURITY AND LAW ENFORCEMENT
    • HEALTHCARE
    • RETAIL
    • OTHER END-USERS
  4. GEOGRAPHICAL ANALYSIS
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • INDONESIA
      • THAILAND
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
  1. COMPANY PROFILES
    • 3M
    • COGNITEC SYSTEMS GMBH
    • NEC CORPORATION
    • FACEFIRST INC
    • NUANCE COMMUNICATIONS INC
    • CROSSMATCH
    • ANIMETRICS INC
    • DAON INC
    • PANASONIC CORPORATION
    • GEMALTO NV (THALES GROUP)
    • AWARE INC
    • FACEPHI BIOMETRIC SA
    • AYONIX CORPORATION
    • IDEMIA FRANCE SAS
    • FUJITSU

TABLE LIST

TABLE 1: MARKET SNAPSHOT – FACIAL RECOGNITION

TABLE 2: ASIA PACIFIC FACIAL RECOGNITION MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 3: ASIA PACIFIC FACIAL RECOGNITION MARKET, BY TECHNOLOGY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 4: ASIA PACIFIC FACIAL RECOGNITION MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: ASIA PACIFIC FACIAL RECOGNITION MARKET, BY END-USER, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 6: ASIA PACIFIC FACIAL RECOGNITION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: ASIA PACIFIC FACIAL RECOGNITION MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: ASIA PACIFIC FACIAL RECOGNITION MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2019

FIGURE 6: ASIA PACIFIC FACIAL RECOGNITION MARKET, BY 3D FACIAL RECOGNITION, 2019-2028 (IN $ MILLION)

FIGURE 7: ASIA PACIFIC FACIAL RECOGNITION MARKET, BY 2D FACIAL RECOGNITION, 2019-2028 (IN $ MILLION)

FIGURE 8: ASIA PACIFIC FACIAL RECOGNITION MARKET, BY FACIAL ANALYTICS, 2019-2028 (IN $ MILLION)

FIGURE 9: ASIA PACIFIC FACIAL RECOGNITION MARKET, GROWTH POTENTIAL, BY END-USER, IN 2019

FIGURE 10: ASIA PACIFIC FACIAL RECOGNITION MARKET, BY SECURITY AND LAW ENFORCEMENT, 2019-2028 (IN $ MILLION)

FIGURE 11: ASIA PACIFIC FACIAL RECOGNITION MARKET, BY HEALTHCARE, 2019-2028 (IN $ MILLION)

FIGURE 12: ASIA PACIFIC FACIAL RECOGNITION MARKET, BY RETAIL, 2019-2028 (IN $ MILLION)

FIGURE 13: ASIA PACIFIC FACIAL RECOGNITION MARKET, BY OTHER END-USERS, 2019-2028 (IN $ MILLION)

FIGURE 14: ASIA PACIFIC FACIAL RECOGNITION MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 15: CHINA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 16: JAPAN FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 17: INDIA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 18: SOUTH KOREA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 19: INDONESIA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 20: THAILAND FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 21: VIETNAM FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 22: AUSTRALIA & NEW ZEALAND FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 23: REST OF ASIA PACIFIC FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • INDONESIA
      • THAILAND
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
  1. MARKET BY TECHNOLOGY
    • 3D FACIAL RECOGNITION
    • 2D FACIAL RECOGNITION
    • FACIAL ANALYTICS
  2. MARKET BY END-USER
    • SECURITY AND LAW ENFORCEMENT
    • HEALTHCARE
    • RETAIL
    • OTHER END-USERS

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