Facial Recognition News

Recent industry report about Facial Recognition company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Facial Recognition Market industry experts.

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Facial Recognition News

  • October 2023 - Panasonic Connect Co., Ltd. announced a new facial recognition technology jointly developed by Panasonic Connect, Panasonic R&D Center Singapore (Singapore Research Institute), and NTU Singapore (Nanyang Technological University, Singapore), effectively improving the precision of facial recognition with non-Caucasians and women, which has been an industry-wide issue due to the smaller data sets that have traditionally been available for familiarizing facial recognition models.
  • September 2022: CyberLink Corporation, an AI and facial recognition technology, integrated its AI facial recognition engine, FaceMe, into MediaTek’s new AIoT platform, Genio. With the recent MediaTek’s Genio 1200 integration, FaceMe further provides AIoT/IoT developers and system integrators accurate facial recognition capabilities for flexible deployment across various industries, including security, access control, public safety, smart banking, and smart retail.
download-icon Get full market coverage in this industry
Download PDF
  • May 2023 - The EY company announced that EY OpsChain ESG is now usable in beta form on the EY Blockchain SaaS platform. The new solution, created on the Ethereum blockchain, would give businesses that find it difficult to precisely measure and manage their carbon footprint a single, verified picture of CO2 emissions (CO2e). Through tokenization, it will also give customers, business partners, and regulators the transparency required to trace emissions and carbon credits throughout an ecosystem.
  • April 2022 - Newrl, a blockchain for decentralized finance, has introduced tokenized-based equity alternatives for unlisted firms. This is the first Web3 innovation for ESOP solutions for entrepreneurs in India. The platform will make startup stock a more liquid asset class by enabling the tokenization of equity to create ESOPs, raise money, and enhance governance through smart contracts.
  • February 2024 - Nervos CKB partnered with OneKey Wallet, creating a co-branded hardware wallet. Following the integration, users will be able to switch to the CKB mainnet within the OneKey Wallet for on-chain transfers. Additionally, users will be able to experience the CKB DApp ecosystem in the future. As the number of individuals using cryptocurrency increases, the demand for secure storage solutions also grows.
  • January 2024 - SafePal launched a limited edition USDC hardware wallet. The limited collection of customized Bluetooth open-source X1 hardware wallets have the same features as the standard model (including support for various networks and tokens).
  • October 2023 - Panasonic Connect Co., Ltd. announced a new facial recognition technology jointly developed by Panasonic Connect, Panasonic R&D Center Singapore (Singapore Research Institute), and NTU Singapore (Nanyang Technological University, Singapore), effectively improving the precision of facial recognition with non-Caucasians and women, which has been an industry-wide issue due to the smaller data sets that have traditionally been available for familiarizing facial recognition models.
  • September 2022: CyberLink Corporation, an AI and facial recognition technology, integrated its AI facial recognition engine, FaceMe, into MediaTek’s new AIoT platform, Genio. With the recent MediaTek’s Genio 1200 integration, FaceMe further provides AIoT/IoT developers and system integrators accurate facial recognition capabilities for flexible deployment across various industries, including security, access control, public safety, smart banking, and smart retail.
  • August 2023 - Smiths Detection, the leader in threat detection and screening technology, today announces that it has launched the SDX 100100 DV series, comprising two dual-view X-ray scanners. X-ray technology scanners provide a horizontal and vertical view of the screened object, facilitating reliable inspections of tightly packed objects and shortening inspection times. 
  • March 2023: OSI Systems, Inc.'s Security division announced that it had received an order worth approximately USD 20 million from ANA Aeroportos de Portugal for multiple units of its RTT 110 (Real Time Tomography) explosive detection system. The explosive detection system units will be installed at airports throughout Portugal to screen passengers' checked baggage. The company has also been contracted to provide ongoing maintenance, service, and support for these installations.
  • February 2023: Smiths Detection Inc. announced that it had been awarded a contract to supply New Zealand's Aviation Security Service (AvSec) with advanced checkpoint security technology for its five major international airports in Christchurch, Queenstown, Dunedin, Wellington, and Auckland. The company will provide 35 HI-SCAN 6040CTiX CT X-ray machines and an iLane.evo smart automatic tray return system, and the iCMORE Weapons algorithm.
  • January 2022 - Princeton Identity (PI) and Emphor Trading Abu Dhabi, a division of ScreenCheck and a subsidiary of The Centena Group, formed a new biometrics partnership. According to the partnership, Emphor Trading will offer PI's entire portfolio of iris and face biometric security solutions to its customers as part of the partnership and tailored integrations to suit specific security and operational demands.
  • November 2022 - NEC Corporation has begun full-scale promotion of its latest multimodal biometric authentication solution, which serves as the flagship of its "Bio-IDiom" biometric authentication brand (*1). This is the first solution to combine NEC's face recognition and iris recognition, both of which have been named the world's best by the US National Institute of Standards and Technology (NIST) (*2). NEC began selling this solution in Japan, and will be available in global markets in the spring of 2023.
  • March 2023: In Axis Communications and Genetec Inc. partnered to launch Axis, an enterprise-level access control solution that combines Genetec access control software and Axis network door controllers in a single, easy-to-deploy package. This solution is the first of its kind on the market and utilizes Genetec technology to provide unified security, public safety, operations, and business intelligence solutions.
  • February 2023: Air Canada announced a new digital facial recognition pilot program for selected flights between Vancouver and Winnipeg, as well as for qualified customers at the Air Canada Café at Toronto Pearson International Airport. The airline claims to be the first in Canada to offer this technology to its customers. The program aims to streamline the boarding process, reduce wait times, and increase efficiency. Air Canada plans to eventually extend this service to a few Canadian airports and Maple Leaf Lounges.
  • September 2024: ABB India introduced its ABB-free home, a state-of-the-art smart home automation system, in India. This advanced wireless solution aims to boost comfort, security, and energy efficiency in homes. Users can seamlessly integrate and manage various elements, including white goods, third-party devices, and EV chargers, all from a unified interface.
  • August 2024: Huawei Digital Power introduced its innovative Smart Home Energy solutions in the Philippines, underscoring its dedication to steering the nation towards a sustainable and energy-efficient future. This all-encompassing home energy solution features a Smart PV Module, Smart String Energy Storage Systems (ESS), a Smart Energy Controller, and SmartGuard. This solution is tailored for those seeking aesthetics and functionality in their living spaces, aiming to transform home energy management, particularly in villas.
  • May 2024: Haier launched a wide range of products in the Philippines. Their offerings, including the cutting-edge All Fresh refrigerator and the Color AI washing machine, showcase Haier's commitment to blending advanced technology with everyday convenience, ushering homes into a modern era. Additionally, Haier introduced the UV Cool Connect Pro air conditioner, boasting features like self-clean technology. The company highlighted that Haier's air conditioner enables users to manage settings remotely through Wi-Fi on their mobile devices.
  • August 2024: Parker Hannifin Corporation's Pump & Motor Division Europe has launched its new T7G Series of truck hydraulic pumps. These single and double hydraulic vane pumps, equipped with durable new housings and Parker's state-of-the-art variable speed drive technology, are designed to meet the ISO 7653 mounting standard. The T7G series, an evolution of the T6G Series, caters to diesel trucks and hybrid, electric, and hydrogen vehicles.
  • June 2024: Danfoss Power Solutions showcased its cutting-edge hydraulic remote controls to an international audience. The new lineup includes the DHRCJ joystick, DHRCP foot pedal, and DHRCD sectional valve. These state-of-the-art controls are designed for a wide array of machinery, such as excavators, skid steer loaders, backhoe loaders, wheel loaders, forklifts, truck cranes, aerial work platforms, telehandlers, and drilling equipment.
  • September 2023: BT and Johnson Controls announced a strategic collaboration to assist business customers in the United Kingdom and internationally in benefiting from smart building technology. This technology will digitally monitor, analyze, and optimize energy usage in the workplace. Buildings, from offices to factories, can all benefit from these solutions, which help customers reach Net Zero faster while reducing operating costs. Both companies offer solutions that leverage smart building technology. Johnson Controls OpenBlue's digital platform is connected by a secure, flexible network that can improve data collection, enhance security, and efficiently manage connected buildings at scale.
  • May 2023: Johnson Controls expanded its residential and commercial contractor resource collection with the new Johnson Controls Ducted Systems (DS) Solutions App. The free app provides contractors immediate access to commercial and residential equipment information, which helps simplify installation, troubleshooting, and maintenance processes. Users can search for content by entering the model number or scanning the equipment's QR code to access product-specific information quickly.

Facial Recognition Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)