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Iris Recognition Market, By Component, By End-User Industry - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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    Report

  • 159 Pages
  • December 2022
  • Region: Global
  • Coherent Market Insights Pvt Ltd.
  • ID: 5714466
Iris recognition is one of the fastest forms of biometric identification, and many governments are already implementing iris-based access control systems. Some of the largest hotels in Boston use iris-based access control systems to identify guests. Moreover, many government agencies have deployed iris-based systems to identify arrested subjects. Iris scanning is considered to be one of the most accurate forms of biometric identification. Its accuracy is known to be stable over a long period of time. A typical miss rate is between 2.5 and 20%. This means that one in two million false matches will occur.

Market Dynamics:

The growing use of smartphones and tablets, rising demand for IoT marketplaces and high-class progressive surveillance systems is driving the growth of the global iris recognition market. This is mainly due to the growing need for efficient security systems. Moreover, the iris scanners found in smartphones provide higher accuracy and lower chances of duplicity. The increasing demand for biometrics in commercial and home security applications, as well as in time and attendance management is expected to propel the market's growth.

However, availability of competitive biometric technologies and risk of privacy breach is expected to limit growth of the global iris recognition market over the forecast period.

Key Features of the Study:

  • This report provides in-depth analysis of the global iris recognition market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global iris recognition market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include IDEMIA, Iritech Inc., IrisGuard UK Ltd., BioEnable Technologies Pvt. Ltd., NEC Corporation, Aware Inc., Gemalto NV (Thales Group), Iris ID Inc., Princeton Identity Inc., HID Global, and EyeLock LLC
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global iris recognition market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global iris recognition market

Detailed Segmentation:

Global Iris Recognition Market, By Component

  • Hardware
  • Software & Services

Global Iris Recognition Market, By End-User Industry

  • Consumer Electronics
  • Healthcare
  • BFSI
  • Government and Law Enforcement
  • Other End-user Industries

Global Iris Recognition Market, By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Company Profiles:

  • Iritech Inc.
  • BioEnable Technologies Pvt. Ltd
  • Aware Inc.
  • Iris ID Inc.
  • HID Global
  • EyeLock LLC
  • Princeton Identity Inc.
  • Gemalto NV (Thales Group)
  • NEC Corporation
  • IrisGuard UK Ltd
  • IDEMIA

Table of Contents

1. Research Objectives and Assumptions
  • Research Objectives
  • Assumptions
  • Abbreviations
2. Market Purview
  • Report Description
  • Market Definition and Scope
  • Executive Summary
  • Market Snapshot, By Component
  • Market Snapshot, By End-User Industry
  • Market Snapshot, By Geography
  • Publisher Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
  • Market Dynamics
  • Drivers
  • Rise in cases of fraudulent activities
  • Rise in integration of multi-factor authentication
  • Restraints
  • Rise in data privacy concerns
  • presence of competing biometric technologies
  • Opportunities
  • Growing popularity of iris-based identification technology
  • Impact Analysis
  • Key Highlights
  • Regulatory Scenario
  • Product launch/Approvals
  • PEST Analysis
  • PORTER’s Analysis
  • Merger and Acquisition Scenario
4. Global Iris Recognition Market - Impact of Coronavirus (COVID-19) Pandemic
  • COVID-19 Epidemiology
  • Supply Side and Demand Side Analysis
  • Economic Impact
5. Global Iris Recognition Market , By Component, 2017-2030, (US$ Mn)
  • Introduction
  • Market Share Analysis, 2022 and 2030 (%)
  • Y-o-Y Growth Analysis, 2017 - 2030
  • Segment Trends
  • Hardware
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
  • Software & Services
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
6. Global Iris Recognition Market , By End-User Industry, 2017-2030, (US$ Mn)
  • Introduction
  • Market Share Analysis, 2022 and 2030 (%)
  • Y-o-Y Growth Analysis, 2017 - 2030
  • Segment Trends
  • Consumer Electronics
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
  • Healthcare
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
  • BFSI
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
  • Government and Law Enforcement
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
  • Other End-user Industries
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
7. Global Iris Recognition Market , By Region, 2017-2030, (US$ Mn)
  • Introduction
  • Market Share Analysis, By Country, 2022 and 2030 (%)
  • Y-o-Y Growth Analysis, For Country 2017-2030
  • Country Trends
  • North America
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
  • Europe
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
  • Asia Pacific
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
  • Latin America
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
  • Middle East & Africa
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
  • Rest of World
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
8. Competitive Landscape
  • Iritech Inc.
  • Company Highlights
  • Product Portfolio
  • Key Developments
  • Financial Performance
  • Strategies
  • BioEnable Technologies Pvt. Ltd.
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • Aware Inc.
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • Iris ID Inc.
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • HID Global
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • EyeLock LLC
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • Princeton Identity Inc.
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • Gemalto NV (Thales Group)
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • NEC Corporation
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • IrisGuard UK Ltd.
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • Analyst Views
9. Section
  • Research Methodology
  • About the Author

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Iritech Inc.
  • BioEnable Technologies Pvt. Ltd
  • Aware Inc.
  • Iris ID Inc.
  • HID Global
  • EyeLock LLC
  • Princeton Identity Inc.
  • Gemalto NV (Thales Group)
  • NEC Corporation
  • IrisGuard UK Ltd
  • IDEMIA