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Global Iris Recognition Market - Forecasts From 2018 To 2023

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  • 85 Pages
  • March 2018
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 4451963
UP TO OFF until Jun 30th 2023

The global iris recognition market is projected to witness a compound annual growth rate of 18.54% over the forecast period to reach a total market size of US$1,318.720 million by 2023, increasing from US$563.329 million in 2018. One of the major factors driving growth is the integration of iris scanners in smartphones.

Declining prices of these systems have augmented its usage across various industry verticals such as healthcare, BFSI, and leisure among others. Rising security threats and the need to prevent fraudulent activities have also led to increasing demand for these systems. Other factors spurring up the demand for these systems is the added security they offer as it is difficult to forge and is more accurate as compared to other forms of biometrics apart from being easier to use and implement. The high cost of iris recognition systems as compared to that of fingerprint recognition systems and facial recognition systems will hinder the growth of global iris recognition market during the forecast period.

Research Methodology

The report provides a brief introduction to the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.

Market Dynamics

This section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Iris Recognition. Complete industry analysis has also been covered through Porter’s five forces model as a part of this report section.


Global Iris Recognition market is segmented by component, product integration, industry, and geography.

By Component

  • Hardware
  • Software

By Product Integration

  • Smartphone
  • Tablet & Notebook
  • Scanner
  • PC/Laptop
  • Smartwatches
  • Others

By Industry

  • Consumer Electronics
  • Healthcare
  • BFSI
  • Government
  • Military and Defense
  • Automotive
  • Others

By Geography

  • North America
    • United States of America
    • South America

  • Europe
    • United Kingdom
    • Germany

  • Middle East and Africa
  • Asia Pacific
    • South Korea
    • Japan
    • China

Table of Contents

1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
4.1. Segmentation
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Porter’S 5 Forces Analysis
4.5.1. Bargaining Power Of Suppliers
4.5.2. Bargaining Power Of Buyers
4.5.3. Threat Of New Entrants
4.5.4. Threat Of Substitutes
4.5.5. Competitive Rivalry In The Industry
4.6. Technological Overview
4.7. Industry Regulation
4.8. Industry Value Chain
5. Global Iris Recognition Market By Component
5.1. Hardware
5.2. Software
6. Global Iris Recognition Market By Product Integration
6.1. Smartphone
6.2. Tablet And Notebook
6.3. Scanner
6.4. Pc/ Laptop
6.5. Smartwatches
6.6. Others
7. Global Iris Recognition Market By Industry
7.1. Consumer Electronics
7.2. Healthcare
7.3. Bfsi
7.4. Government
7.5. Military And Defense
7.6. Automotive
7.7. Others
8. Global Iris Recognition Market By Geography
8.1. North America
8.1.1. United States Of America
8.2. South America
8.3. Europe
8.3.1. United Kingdom
8.3.2. Germany
8.4. Middle East And Africa
8.5. Asia Pacific
8.5.1. South Korea
8.5.2. Japan
8.5.3. China
9. Competitive Intelligence
9.1. Market Share Of Key Players
9.2. Investment Analysis
9.3. Recent Deals
9.4. Strategies Of Key Players
10. Company Profiles
10.1. Gemalto Nv
10.1.1. Overview
10.1.2. Products And Services
10.1.3. Financials
10.1.4. Recent Development
10.2. Iritech, Inc.
10.2.1. Overview
10.2.2. Products And Services
10.2.3. Financials
10.2.4. Recent Development
10.3. SRI International
10.3.1. Overview
10.3.2. Products And Services
10.3.3. Financials
10.3.4. Recent Development
10.4. Crossmatch
10.4.1. Overview
10.4.2. Products And Services
10.4.3. Financials
10.4.4. Recent Development
10.5. Eyelock LLC
10.5.1. Overview
10.5.2. Products And Services
10.5.3. Financials
10.5.4. Recent Development
10.6. Irisguard, Inc.
10.6.1. Overview
10.6.2. Products And Services
10.6.3. Financials
10.6.4. Recent Development
10.7. IDEMIA
10.7.1. Overview
10.7.2. Products And Services
10.7.3. Financials
10.7.4. Recent Development
10.8. BioEnable
10.8.1. Overview
10.8.2. Products And Services
10.8.3. Financials
10.8.4. Recent Development
10.9. Iris Id, Inc.
10.9.1. Overview
10.9.2. Products And Services
10.9.3. Financials
10.9.4. Recent Development

Companies Mentioned

  • BioEnable
  • Crossmatch
  • EyeLock LLC
  • Gemalto Cogent
  • Iris ID, Inc.
  • IrisGuard Inc.
  • IriTech, Inc
  • SRI International