View Full Table Of Content Of Facial Recognition Market
Facial Recognition Market: Disruptive Trends and Drivers
The emergence of drones is coupled with aerial cameras as a facial recognition camera. These cameras carry a 10-kilo camera lens which can identify a suspect from 800 meters with a height of 100 meters.
Adoption of frequency domain analysis methods such as discrete cosine transformation (DCT), discrete Fourier transformation (DFT), and discrete wavelet transformation (DWT) for face recognition in e-passports and security purposes is stroking facial recognition market growth.
According to TechCrunch, KFC in China is working on a new “smart restaurant” which uses facial recognition and factors such as age, gender and facial expressions are poised to suggest items a customer may order.
Development of 3D face recognition technology in smartphones industry, which make use of 3D geometry for recognizing an individual’s face by gathering more comprehensive and accurate information is also playing as a major driving factor in facial recognition market growth.
Some of the major players operating in the facial recognition market include Apple, 3M, Cognitec Systems GmbH, NEC Corporation, FaceFirst, Inc., Nuance Communications Inc., Crossmatch, International Business Machines Corporation (IBM), Animetrics Inc., and Daon Inc. Apple’s Face ID used for iPhone X uses a TrueDepth camera system made up of a dot projector, infrared camera, and flood illuminator to accurately map and recognize a face.
Facial recognition is an emerging biometric identification technology which scans the face of an individual and compares the scanned image with the predefined image in the database. With prevalent demand for the technology, facial recognition market size will grow in the forecast period 2019-2024. Furthermore, the emergence of drone cameras is creating new revenue avenues for the facial recognition market players.
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