Face Mask Detection Market Size and Share Surpass $4.1 Billion By 2030

The face mask detection market size was valued at $1.8 billion in 2020, and is projected to reach $4.1 billion by 2030, registering a CAGR of 8.1% from 2021 to 2030.

Asia-Pacific includes major and developing economies, such as China, Japan, India, Singapore, and South Korea. The growing number of investments in security and surveillance, due to high crime rates and outbreaks of viruse, is leading to increased public awareness. Because of these factors, the market is growing in the region. The use of face mask detection technology is applied to all specific areas, such as health care, government, defense and territories, including airports, country, and national borders. Moreover, the government initiatives of mask up and adoption of AI and ML technologies and due to presence of many key players in the region, the face mask detection solutions is widely adopted in the region.

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The COVID-19 pandemic has heightened global attention to healthcare and public safety standards designed to stop (or at least slow) the spread of the coronavirus. Many precautionary safety measures were implemented across the world, ranging from sanitization of public spaces/areas to strict home quarantine for individuals. For most circumstances, wearing a face mask was proven to be one of the most efficient strategies to prevent the transmission of the SARS-CoV-2 coronavirus. This prompted local governments and authorities in many countries to impose stringent face mask-wearing rules and regulations, and as face mask detection systems helped enforce these face masks which aided the growth of the face mask detection market analysis the time.

Within the market, software segment is estimated to emerge as fastest growing segment, The rapid increase in the volume of security and verticals data and the ever-increasing automation of business processes across many end-to-end industries such as retail, manufacturing, health care, and transportation are expected to further the demand for face mask detection market size in the forecast period.

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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.

Key Findings Of The Study

By component, in 2020 the hardware is estimated to be the major shareholder. However, software is expected to witness highest growth rate during the forecast period.
On the basis of technology, the optical segment accounted for the highest revenue in 2020, however, the e-beam segment is expected to witness highest growth rate during the forecast period.
On the basis of application, the hospital segment accounted for the highest revenue in 2020, however, the airports segment is expected to witness highest growth rate during the forecast period.
Region wise, the network security market was dominated by North America. However, Asia-Pacific is expected to witness significant growth in the upcoming years.

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