Dublin, May 11, 2023 (GLOBE NEWSWIRE) -- The "Global Face Mask Detection Market by Component (Hardware, Software), Technology (E-Beam, Optical), Application, Function - Cumulative Impact of High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Face Mask Detection Market size was estimated at USD 2,595.59 million in 2022, USD 2,976.24 million in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 14.80% to reach USD 7,831.11 million by 2030.
Market Dynamics
Drivers
- Increasing Adoption and Awareness of Face and Surgical Masks Due to the Rising Prevalence of Respiratory Diseases
- Increasing Adoption of Surveillance Systems Due to Increasing Government Measures Tightening
- Need to Address Limitations of Existing Technology to Scan Faces Wearing Masks to Enhance Surveillance
Restraints
- Technology Limitation while Using 2D and 3D Silicone Masks
Opportunities
- Numerous Ongoing Projects for Face Mask Technology Development
- Increasing Innovations in Face Detection, Ai, and Image Processing Technologies
Challenges
- Competing With a High Degree of Accuracy Due to Limited Face Coverage
Market Segmentation & Coverage:
- Based on Component, market is studied across Hardware and Software. The Hardware is projected to witness significant market share during forecast period.
- Based on Technology, market is studied across E-Beam and Optical. The Optical is projected to witness significant market share during forecast period.
- Based on Application, market is studied across Airport, Bank & ATM, Convenient Store, Hospital, Office, and Transport. The Office is projected to witness significant market share during forecast period.
- Based on Function, market is studied across Authentication, Identification, and Surveillance. The Identification is projected to witness significant market share during forecast period.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.74% in 2022, followed by Europe, Middle East & Africa.
Market Statistics:
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Global Face Mask Detection Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Face Mask Detection Market, including Accubits Technologies Inc, Aerialtronics, Asura Technologies Ltd., Canaan Inc.,, GitHub, Inc., Hangzhou Hikvision Digital Technology Co.,Ltd, InData Labs, ISS Corp., LeewayHertz, LogMask, Mobisoft Infotech LLC, Neuromation, SATIR, Trident Information Systems Pvt. Ltd, and Xovis AG.
The report provides insights on the following pointers:
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
- What is the market size and forecast of the Global Face Mask Detection Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global Face Mask Detection Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global Face Mask Detection Market?
- What is the competitive strategic window for opportunities in the Global Face Mask Detection Market?
- What are the technology trends and regulatory frameworks in the Global Face Mask Detection Market?
- What is the market share of the leading vendors in the Global Face Mask Detection Market?
- What modes and strategic moves are considered suitable for entering the Global Face Mask Detection Market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 228 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2595.59 Million |
| Forecasted Market Value (USD) by 2030 | $7831.11 Million |
| Compound Annual Growth Rate | 14.8% |
| Regions Covered | Global |
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Face Mask Detection Market, by Component
6.1. Introduction
6.2. Hardware
6.3. Software
7. Face Mask Detection Market, by Technology
7.1. Introduction
7.2. E-Beam
7.3. Optical
8. Face Mask Detection Market, by Application
8.1. Introduction
8.2. Airport
8.3. Bank & ATM
8.4. Convenient Store
8.5. Hospital
8.6. Office
8.7. Transport
9. Face Mask Detection Market, by Function
9.1. Introduction
9.2. Authentication
9.3. Identification
9.4. Surveillance
10. Americas Face Mask Detection Market
11. Asia-Pacific Face Mask Detection Market
12. Europe, Middle East & Africa Face Mask Detection Market
13. Competitive Landscape
14. Company Usability Profiles
15. Appendix
Companies Mentioned
- Accubits Technologies Inc
- Aerialtronics
- Asura Technologies Ltd.
- Canaan Inc.,
- GitHub, Inc.
- Hangzhou Hikvision Digital Technology Co.,Ltd
- InData Labs
- ISS Corp.
- LeewayHertz
- LogMask
- Mobisoft Infotech LLC
- Neuromation
- SATIR
- Trident Information Systems Pvt. Ltd
- Xovis AG
For more information about this report visit https://www.researchandmarkets.com/r/s29evn
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