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Iris Biometrics - Global Market Trajectory & Analytics

  • ID: 2498170
  • Report
  • July 2020
  • Region: Global
  • 216 Pages
  • Global Industry Analysts, Inc
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Global Iris Biometrics Market to Reach $5.1 Trillion by 2027

Amid the COVID-19 crisis, the global market for Iris Biometrics estimated at US$2.2 Trillion in the year 2020, is projected to reach a revised size of US$5.1 Trillion by 2027, growing at aCAGR of 12.6% over the period 2020-2027. Software, one of the segments analyzed in the report, is projected to record 13% CAGR and reach US$3.2 Trillion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hardware segment is readjusted to a revised 11.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $663.5 Billion, While China is Forecast to Grow at 12.1% CAGR

The Iris Biometrics market in the U.S. is estimated at US$663.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$897.7 Billion by the year 2027 trailing a CAGR of 12.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.1% and 10.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.1% CAGR.We bring years of research experience to this 17th edition of our report. The 216-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Aditech Ltd.
  • Anviz Global Inc.
  • BioEnable Technologies Pvt. Ltd.
  • Gemalto N.V.
  • Iris ID Systems Inc.
  • IrisGuard Inc.
  • IriTech Inc.
  • Princeton Identity Inc.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Biometrics Technology: An Introduction

Recent Market Activity

Iris Biometrics - A Prelude

Comparative Analysis of Various Biometric Technology Traits

Global Competitor Market Shares

Iris Biometrics Competitor Market Share Scenario Worldwide (in %): 2018 & 2029

Outlook

Developing Markets Boost Adoption

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

Aditech Ltd. (UK)

Anviz Global, Inc. (USA)

BioEnable Technologies Pvt. Ltd (India)

EyeLock Corp. (USA)

Gemalto N.V. (Netherlands)

Iris ID Systems, Inc. (USA)

IrisGuard, Inc. (USA)

IriTech, Inc. (USA)

Princeton Identity, Inc. (USA)

OT-Morpho (France)

3. MARKET TRENDS & DRIVERS

Patent Expiries Set the Ball Rolling for Mainstream Adoption

Iris Biometrics Gains Interest among Smartphone Manufacturers

Opportunity Indicators:

Banks Explore Iris Biometrics for User Authentication

Rise in Electronic Banking Transactions Lends Traction

Cloud Solutions Boost Adoption of Iris Recognition Technologies

Automobile Industry - A New Growth Avenue

Iris Biometrics Gains Prominence in Travel & Immigration Control

National ID Programs Build Opportunities for Iris Biometric Systems

Law Enforcement Agencies & Iris Biometric Systems

Prisons & Detention Centers Bank on Iris Biometrics

Iris Biometrics Aim Bigger Role in Airport Applications

Iris Recognition to Expedite Check In and Boarding at Airports

Opportunity Indicators:

Physical Access Control Implementations - The Most Notable Application Area

System & Network Access Control - A Robust Market Opportunity

Potential Opportunities in Healthcare

Hygiene Concerns Create Business Case for Iris Biometrics

Iris Biometrics Set to Leverage Campus/University Applications

E-Commerce/M-Commerce - Opportunities in Store

Use of Iris Biometrics for Attendance & Workforce Management to Grow in Prominence

Technology Integration Gives Rise to Multi-Modal Applications

Technology Developments - The Way Forward

Advanced Hand Held Devices to Bring Portability to Iris Biometrics

Issues

Lack of Strong Historical Database

Public Apprehensions Mar Wider Adoption of Iris Biometrics

Cost Factor

Technical Issues

Scalability Issues

Legal Issues

Lack of Interoperability - A Technical Challenge

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Iris Biometrics Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 2: Iris Biometrics Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019
TABLE 3: Iris Biometrics Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Software (Component) World Market by Region/Country in US$ Thousand: 2020 to 2027
TABLE 5: Software (Component) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019
TABLE 6: Software (Component) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Hardware (Component) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
TABLE 8: Hardware (Component) Historic Market Perspective by Region/Country in US$ Thousand: 2012 to 2019
TABLE 9: Hardware (Component) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Scanners (Product Type) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027
TABLE 11: Scanners (Product Type) Region Wise Breakdown of Global Historic Demand in US$ Thousand: 2012 to 2019
TABLE 12: Scanners (Product Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Smartphones (Product Type) World Market Estimates and Forecasts by Region/Country in US$ Thousand: 2020 to 2027
TABLE 14: Smartphones (Product Type) Market Historic Review by Region/Country in US$ Thousand: 2012 to 2019
TABLE 15: Smartphones (Product Type) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Wearables (Product Type) World Market by Region/Country in US$ Thousand: 2020 to 2027
TABLE 17: Wearables (Product Type) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019
TABLE 18: Wearables (Product Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 19: Tablets & Notebooks (Product Type) World Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020 to 2027
TABLE 20: Tablets & Notebooks (Product Type) Market Worldwide Historic Review by Region/Country in US$ Thousand: 2012 to 2019
TABLE 21: Tablets & Notebooks (Product Type) Market Percentage Share Distribution by Region/Country: 2012 VS 2020 VS 2027
TABLE 22: PCs/Laptops (Product Type) Market Opportunity Analysis Worldwide in US$ Thousand by Region/Country: 2020 to 2027
TABLE 23: PCs/Laptops (Product Type) Global Historic Demand in US$ Thousand by Region/Country: 2012 to 2019
TABLE 24: PCs/Laptops (Product Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 25: Other Product Types (Product Type) World Market by Region/Country in US$ Thousand: 2020 to 2027
TABLE 26: Other Product Types (Product Type) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019
TABLE 27: Other Product Types (Product Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 28: Consumer Electronics (Application) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 29: Consumer Electronics (Application) Retrospective Demand Analysis in US$ Thousand by Region/Country: 2012-2019
TABLE 30: Consumer Electronics (Application) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 31: Healthcare (Application) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027
TABLE 32: Healthcare (Application) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019
TABLE 33: Healthcare (Application) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
TABLE 34: BFSI (Application) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 35: BFSI (Application) Global Historic Analysis in US$ Thousand by Region/Country: 2012-2019
TABLE 36: BFSI (Application) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 37: Government sector (Application) Sales Estimates and Forecasts in US$ Thousand by Region/Country for the Years 2020 through 2027
TABLE 38: Government sector (Application) Analysis of Historic Sales in US$ Thousand by Region/Country for the Years 2012 to 2019
TABLE 39: Government sector (Application) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027
TABLE 40: Other Applications (Application) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
TABLE 41: Other Applications (Application) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019
TABLE 42: Other Applications (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Iris Biometrics Market Share (in %) by Company: 2018 & 2025

Market Analytics
TABLE 43: United States Iris Biometrics Market Estimates and Projections in US$ Thousand by Component: 2020 to 2027
TABLE 44: Iris Biometrics Market in the United States by Component: A Historic Review in US$ Thousand for 2012-2019
TABLE 45: United States Iris Biometrics Market Share Breakdown by Component: 2012 VS 2020 VS 2027
TABLE 46: United States Iris Biometrics Market Estimates and Projections in US$ Thousand by Product Type: 2020 to 2027
TABLE 47: Iris Biometrics Market in the United States by Product Type: A Historic Review in US$ Thousand for 2012-2019
TABLE 48: United States Iris Biometrics Market Share Breakdown by Product Type: 2012 VS 2020 VS 2027
TABLE 49: United States Iris Biometrics Latent Demand Forecasts in US$ Thousand by Application: 2020 to 2027
TABLE 50: Iris Biometrics Historic Demand Patterns in the United States by Application in US$ Thousand for 2012-2019
TABLE 51: Iris Biometrics Market Share Breakdown in the United States by Application: 2012 VS 2020 VS 2027

CANADA

TABLE 52: Canadian Iris Biometrics Market Estimates and Forecasts in US$ Thousand by Component: 2020 to 2027
TABLE 53: Canadian Iris Biometrics Historic Market Review by Component in US$ Thousand: 2012-2019
TABLE 54: Iris Biometrics Market in Canada: Percentage Share Breakdown of Sales by Component for 2012, 2020, and 2027
TABLE 55: Canadian Iris Biometrics Market Estimates and Forecasts in US$ Thousand by Product Type: 2020 to 2027
TABLE 56: Canadian Iris Biometrics Historic Market Review by Product Type in US$ Thousand: 2012-2019
TABLE 57: Iris Biometrics Market in Canada: Percentage Share Breakdown of Sales by Product Type for 2012, 2020, and 2027
TABLE 58: Canadian Iris Biometrics Market Quantitative Demand Analysis in US$ Thousand by Application: 2020 to 2027
TABLE 59: Iris Biometrics Market in Canada: Summarization of Historic Demand Patterns in US$ Thousand by Application for 2012-2019
TABLE 60: Canadian Iris Biometrics Market Share Analysis by Application: 2012 VS 2020 VS 2027

JAPAN

TABLE 61: Japanese Market for Iris Biometrics: Annual Sales Estimates and Projections in US$ Thousand by Component for the Period 2020-2027
TABLE 62: Iris Biometrics Market in Japan: Historic Sales Analysis in US$ Thousand by Component for the Period 2012-2019
TABLE 63: Japanese Iris Biometrics Market Share Analysis by Component: 2012 VS 2020 VS 2027
TABLE 64: Japanese Market for Iris Biometrics: Annual Sales Estimates and Projections in US$ Thousand by Product Type for the Period 2020-2027
TABLE 65: Iris Biometrics Market in Japan: Historic Sales Analysis in US$ Thousand by Product Type for the Period 2012-2019
TABLE 66: Japanese Iris Biometrics Market Share Analysis by Product Type: 2012 VS 2020 VS 2027
TABLE 67: Japanese Demand Estimates and Forecasts for Iris Biometrics in US$ Thousand by Application: 2020 to 2027
TABLE 68: Japanese Iris Biometrics Market in US$ Thousand by Application: 2012-2019
TABLE 69: Iris Biometrics Market Share Shift in Japan by Application: 2012 VS 2020 VS 2027

CHINA

TABLE 70: Chinese Iris Biometrics Market Growth Prospects in US$ Thousand by Component for the Period 2020-2027
TABLE 71: Iris Biometrics Historic Market Analysis in China in US$ Thousand by Component: 2012-2019
TABLE 72: Chinese Iris Biometrics Market by Component: Percentage Breakdown of Sales for 2012, 2020, and 2027
TABLE 73: Chinese Iris Biometrics Market Growth Prospects in US$ Thousand by Product Type for the Period 2020-2027
TABLE 74: Iris Biometrics Historic Market Analysis in China in US$ Thousand by Product Type: 2012-2019
TABLE 75: Chinese Iris Biometrics Market by Product Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
TABLE 76: Chinese Demand for Iris Biometrics in US$ Thousand by Application: 2020 to 2027
TABLE 77: Iris Biometrics Market Review in China in US$ Thousand by Application: 2012-2019
TABLE 78: Chinese Iris Biometrics Market Share Breakdown by Application: 2012 VS 2020 VS 2027

EUROPE

Market Facts & Figures

European Iris Biometrics Market: Competitor Market Share Scenario (in %) for 2018 & 2025

Market Analytics
TABLE 79: European Iris Biometrics Market Demand Scenario in US$ Thousand by Region/Country: 2020-2027
TABLE 80: Iris Biometrics Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2012-2019
TABLE 81: European Iris Biometrics Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 82: European Iris Biometrics Market Estimates and Forecasts in US$ Thousand by Component: 2020-2027
TABLE 83: Iris Biometrics Market in Europe in US$ Thousand by Component: A Historic Review for the Period 2012-2019
TABLE 84: European Iris Biometrics Market Share Breakdown by Component: 2012 VS 2020 VS 2027
TABLE 85: European Iris Biometrics Market Estimates and Forecasts in US$ Thousand by Product Type: 2020-2027
TABLE 86: Iris Biometrics Market in Europe in US$ Thousand by Product Type: A Historic Review for the Period 2012-2019
TABLE 87: European Iris Biometrics Market Share Breakdown by Product Type: 2012 VS 2020 VS 2027
TABLE 88: European Iris Biometrics Addressable Market Opportunity in US$ Thousand by Application: 2020-2027
TABLE 89: Iris Biometrics Market in Europe: Summarization of Historic Demand in US$ Thousand by Application for the Period 2012-2019
TABLE 90: European Iris Biometrics Market Share Analysis by Application: 2012 VS 2020 VS 2027

FRANCE

TABLE 91: Iris Biometrics Market in France by Component: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 92: French Iris Biometrics Historic Market Scenario in US$ Thousand by Component: 2012-2019
TABLE 93: French Iris Biometrics Market Share Analysis by Component: 2012 VS 2020 VS 2027
TABLE 94: Iris Biometrics Market in France by Product Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 95: French Iris Biometrics Historic Market Scenario in US$ Thousand by Product Type: 2012-2019
TABLE 96: French Iris Biometrics Market Share Analysis by Product Type: 2012 VS 2020 VS 2027
TABLE 97: Iris Biometrics Quantitative Demand Analysis in France in US$ Thousand by Application: 2020-2027
TABLE 98: French Iris Biometrics Historic Market Review in US$ Thousand by Application: 2012-2019
TABLE 99: French Iris Biometrics Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027

GERMANY

TABLE 100: Iris Biometrics Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Component for the Period 2020-2027
TABLE 101: German Iris Biometrics Historic Market Analysis in US$ Thousand by Component: 2012-2019
TABLE 102: German Iris Biometrics Market Share Breakdown by Component: 2012 VS 2020 VS 2027
TABLE 103: Iris Biometrics Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Product Type for the Period 2020-2027
TABLE 104: German Iris Biometrics Historic Market Analysis in US$ Thousand by Product Type: 2012-2019
TABLE 105: German Iris Biometrics Market Share Breakdown by Product Type: 2012 VS 2020 VS 2027
TABLE 106: Iris Biometrics Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by Application for the Period 2020-2027
TABLE 107: German Iris Biometrics Market in Retrospect in US$ Thousand by Application: 2012-2019
TABLE 108: Iris Biometrics Market Share Distribution in Germany by Application: 2012 VS 2020 VS 2027

ITALY

TABLE 109: Italian Iris Biometrics Market Growth Prospects in US$ Thousand by Component for the Period 2020-2027
TABLE 110: Iris Biometrics Historic Market Analysis in Italy in US$ Thousand by Component: 2012-2019
TABLE 111: Italian Iris Biometrics Market by Component: Percentage Breakdown of Sales for 2012, 2020, and 2027
TABLE 112: Italian Iris Biometrics Market Growth Prospects in US$ Thousand by Product Type for the Period 2020-2027
TABLE 113: Iris Biometrics Historic Market Analysis in Italy in US$ Thousand by Product Type: 2012-2019
TABLE 114: Italian Iris Biometrics Market by Product Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
TABLE 115: Italian Demand for Iris Biometrics in US$ Thousand by Application: 2020 to 2027
TABLE 116: Iris Biometrics Market Review in Italy in US$ Thousand by Application: 2012-2019
TABLE 117: Italian Iris Biometrics Market Share Breakdown by Application: 2012 VS 2020 VS 2027

UNITED KINGDOM

TABLE 118: United Kingdom Market for Iris Biometrics: Annual Sales Estimates and Projections in US$ Thousand by Component for the Period 2020-2027
TABLE 119: Iris Biometrics Market in the United Kingdom: Historic Sales Analysis in US$ Thousand by Component for the Period 2012-2019
TABLE 120: United Kingdom Iris Biometrics Market Share Analysis by Component: 2012 VS 2020 VS 2027
TABLE 121: United Kingdom Market for Iris Biometrics: Annual Sales Estimates and Projections in US$ Thousand by Product Type for the Period 2020-2027
TABLE 122: Iris Biometrics Market in the United Kingdom: Historic Sales Analysis in US$ Thousand by Product Type for the Period 2012-2019
TABLE 123: United Kingdom Iris Biometrics Market Share Analysis by Product Type: 2012 VS 2020 VS 2027
TABLE 124: United Kingdom Demand Estimates and Forecasts for Iris Biometrics in US$ Thousand by Application: 2020 to 2027
TABLE 125: United Kingdom Iris Biometrics Market in US$ Thousand by Application: 2012-2019
TABLE 126: Iris Biometrics Market Share Shift in the United Kingdom by Application: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 127: Rest of Europe Iris Biometrics Market Estimates and Forecasts in US$ Thousand by Component: 2020-2027
TABLE 128: Iris Biometrics Market in Rest of Europe in US$ Thousand by Component: A Historic Review for the Period 2012-2019
TABLE 129: Rest of Europe Iris Biometrics Market Share Breakdown by Component: 2012 VS 2020 VS 2027
TABLE 130: Rest of Europe Iris Biometrics Market Estimates and Forecasts in US$ Thousand by Product Type: 2020-2027
TABLE 131: Iris Biometrics Market in Rest of Europe in US$ Thousand by Product Type: A Historic Review for the Period 2012-2019
TABLE 132: Rest of Europe Iris Biometrics Market Share Breakdown by Product Type: 2012 VS 2020 VS 2027
TABLE 133: Rest of Europe Iris Biometrics Addressable Market Opportunity in US$ Thousand by Application: 2020-2027
TABLE 134: Iris Biometrics Market in Rest of Europe: Summarization of Historic Demand in US$ Thousand by Application for the Period 2012-2019
TABLE 135: Rest of Europe Iris Biometrics Market Share Analysis by Application: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 136: Iris Biometrics Market in Asia-Pacific by Component: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 137: Asia-Pacific Iris Biometrics Historic Market Scenario in US$ Thousand by Component: 2012-2019
TABLE 138: Asia-Pacific Iris Biometrics Market Share Analysis by Component: 2012 VS 2020 VS 2027
TABLE 139: Iris Biometrics Market in Asia-Pacific by Product Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 140: Asia-Pacific Iris Biometrics Historic Market Scenario in US$ Thousand by Product Type: 2012-2019
TABLE 141: Asia-Pacific Iris Biometrics Market Share Analysis by Product Type: 2012 VS 2020 VS 2027
TABLE 142: Iris Biometrics Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by Application: 2020-2027
TABLE 143: Asia-Pacific Iris Biometrics Historic Market Review in US$ Thousand by Application: 2012-2019
TABLE 144: Asia-Pacific Iris Biometrics Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027

REST OF WORLD

TABLE 145: Rest of World Iris Biometrics Market Estimates and Forecasts in US$ Thousand by Component: 2020 to 2027
TABLE 146: Rest of World Iris Biometrics Historic Market Review by Component in US$ Thousand: 2012-2019
TABLE 147: Iris Biometrics Market in Rest of World: Percentage Share Breakdown of Sales by Component for 2012, 2020, and 2027
TABLE 148: Rest of World Iris Biometrics Market Estimates and Forecasts in US$ Thousand by Product Type: 2020 to 2027
TABLE 149: Rest of World Iris Biometrics Historic Market Review by Product Type in US$ Thousand: 2012-2019
TABLE 150: Iris Biometrics Market in Rest of World: Percentage Share Breakdown of Sales by Product Type for 2012, 2020, and 2027
TABLE 151: Rest of World Iris Biometrics Market Quantitative Demand Analysis in US$ Thousand by Application: 2020 to 2027
TABLE 152: Iris Biometrics Market in Rest of World: Summarization of Historic Demand Patterns in US$ Thousand by Application for 2012-2019
TABLE 153: Rest of World Iris Biometrics Market Share Analysis by Application: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 21

Note: Product cover images may vary from those shown
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