FACE RECOGNITION AI CAMERA MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In February 2024, NEC Corporation claimed the highest biometric accuracy score in four of eight categories in the latest assessment from the U.S. National Institute of Standards and Technology’s 1:N Identification track, as of the January 22, 2024
• In March 2023, Vivotek, a security surveillance solutions provider, launched its first facial recognition camera, FD9387-FR-v2, that combines edge computing to identify gender and age from video footage even when people wear masks
• In March 2023, Sony Electronics, a electronics manufacturing company, launched the new ZV-E1, an interchangeable lens camera with a high performance 35mm full-frame image sensor with various features such as multiple face recognition, auto framing, framing stabilizer and even auto microphone directivity
• In December 2022, Innovatrics, a Europe-based provider of multimodal biometric solutions, established collaborative partnership with Hailo, a company that offers microprocessor for AI applications, to develop facial recognition solutions with high energy efficiency and easy deployment for public security and access control.