Face Mask Detection Market Expected to Reach USD 4.1 Billion by 2030 | Top Players Such as - Canaan, InData Labs and LeewayHertz

According to the report published by Allied Market Research, The Face Mask Detection Market Expected to Reach USD 4.1 Billion by 2030 | Top Players Such as - Canaan, InData Labs and LeewayHertz. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions.

Need for safer return to work solutions and increase in public safety standards drive the global face mask detection market. However, users concern about data privacy and end of face mask compulsion rules in public places hinder the market growth. On the contrary, adoption of face mask detection systems in transportation sectors and deployment in containment zones are expected to open new opportunities for the market players in the future.

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By component, the software segment is expected to portray the highest CAGR of 9.5% during the forecast period, due to rapid surge in volume of security and verticals data coupled with ever-increasing automation of business processes across several industries. However, the hardware segment held the largest share in 2020, contributing to more than three-fourths of the global face mask detection industry, owing to rise in need for hardware devices for surveillance and safety and the need for hardware devices.

By technology, the optical segment held the largest share in 2020, accounting for more than four-fifths of the global face mask detection market, due to demand for surveillance systems to improve security and strict government regulations across the world. However, the e-beam segment is projected to manifest the highest CAGR of 10.3% during the forecast period, as it is convenient and more efficient.

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By region, the market across North America dominated the market in 2020, accounting for nearly two-fifths of the global face mask detection market, due to growth of infrastructure and rise in adoption of face mask detection solutions in airports and hospitals. However, the market across Asia-Pacific is anticipated to register the highest CAGR of 10.1% during the forecast period, owing to high crime rates and Covid-19 outbreak along with increase in public awareness.

Some of the key companies operating in the face mask detection industry are Aerialtronics, Asura Technologies, Canaan Inc., InData Labs, LeewayHertz , Microsoft Corporation, Mobisoft Infotech LLC, NEC Corporation, Sightcorp, Trident Information Systems Pvt. Ltd.

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Covid-19 Scenario:

● The Covid-19 pandemic increased the demand for face masks. The businesses are instructed to enforce face masks, follow social distancing rules, and maintain hygiene inside the office buildings.

● However, the sudden increased demand for face masks and lockdown restrictions created challenges in the supply chain.

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