Corner detection and feature extraction are essential aspects of computer vision problems such as object recognition and tracking. Feature detectors such as Scale Invariant Feature Transform (SIFT) yields high quality features but computationally intensive for use in real-time applications. The Features from Accelerated Segment Test (FAST) detector provides faster feature computation by extracting only corner information in recognising an object. In this paper we have analyzed the efficient object detection algorithms with respect to efficiency, quality and robustness by comparing characteristics of image detectors for corner detector and feature extractors. The simulated result shows that compared to conventional SIFT algorithm, the object recognition system based on the FAST corner detector yields increased speed and low performance degradation. The average time to find keypoints in SIFT method is about 0.116 seconds for extracting 2169 keypoints. Similarly the average time to find corner points was 0.651 seconds for detecting 1714 keypoints in FAST methods at threshold 30. Thus the FAST method detects corner points faster with better quality images for object recognition.