Biometric technology is a new way of securing facilities with limited human resources and simplifying operations. Thus, this technology is strongly adopted in the aerospace industry to enhance security levels and faster boarding procedures. Facial recognition is among new and emerging technology in airports reducing the average processing time per passenger. The technology is helping airport facilities to minimize the various checkpoint passenger and minimize boarding time by almost 40% to 50% percent. For instance, in 2018, according to Thales Group, more than 15 airports has installed face matching systems for passenger boarding application.
MARKET SCOPE
The "Global Airport Facial Recognition Market Analysis to 2028"? is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Airport facial recognition market with detailed market segmentation by type, airport class, application, and geography. The report provides key statistics on the market status of the leading Airport facial recognition market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the market is segmented as 2D recognition and 3D recognition.
- On the basis of the airport class, the market is segmented into class I, class II, class III, and class IV.
- On the basis of application, the market is segmented into passenger check-in surveillance.
MARKET DYNAMICS
Drivers:
- Growing demand for automated passenger boarding solutions driving the market growth.
- Increasing importance for advanced surveillance systems is bolstering the market growth.
Restraints:
- The privacy concern, ineffectiveness, and threat of cyberattacks is limiting the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Airport facial recognition market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Airport facial recognition market in these regions
IMPACT OF COVID-19 ON AIRPORT FACIAL RECOGNITION MARKET
The outbreak of the COVID-19 has severely impacted the aviation and travel industries. The busiest airport across the world experienced a significant drop in passenger and cargo traffic. The airport operators faced substantial losses in revenue generation. However, the COVID-19 pandemic had a positive impact on the demand for facial recognition at airports. COVID - 19 pandemic is a driving factor for the market, as airports opted for more digital solutions to maintain social distancing and continue the airport operations. Rising demand for high-end security solutions has augmented the adoption of the face recognition system. Facial recognition has changed the way of operations at airports to meet COVID - 19 regulatory requirements with enhanced safety solutions.
MARKET PLAYERS
The report covers key developments in the Airport facial recognition market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Airport facial recognition market are anticipated to lucrative growth opportunities in the future with the rising demand for Airport facial recognition in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Airport facial recognition market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aurora Computer Services Ltd
- Ayonix corp.
- Collins Aerospace, a part of Raytheon Technologies
- Face4 Systems.
- FaceFirst
- Kairos AR, Inc.
- NEC Corporation
- SCYLLA TECHNOLOGIES INC.
- SITA
- Thales Group