The global iris recognition market exhibited strong growth during 2015-2020. Despite genetic similarities, irises of different individuals are structurally distinct and unique, which allows them to be used for recognition, identification and authentication purposes. Iris recognition, also known as iris scanning, is a method used for identifying individuals based on the unique pattern of their iris. The process utilizes visible and near-infrared light to capture a high-contrast image of the iris. The technology combines computer vision, pattern recognition, statistical inference and optics. This form of biometric system helps law enforcement officers to compare iris images of a suspect with an existing database. Also, several countries across the globe are implementing these systems in airports, points of entry or exit and other authoritative premises to reduce security breach incidences. Looking forward, IMARC Group expects the global iris recognition market to grow at a CAGR of 23% during 2021-2026.
Market Trends:
- Over the past few years, there has been a rise in the number of crimes and the threat of terrorist attacks across the globe. These incidences have prompted government facilities to install high-tech biometric systems to improve security conditions and preventing fraudulent activities. This remains one of the primary factors that are driving the growth of the market.
- Manufacturers are developing iris recognition technology so that it can be integrated with various devices such as smartphones, banking systems and ATMs. These innovations are attracting investors who are interested in conducting large-scale R&D for applying these designs in real-life applications which, in turn, is influencing the market growth positively.
- Healthcare providers are making efforts to use iris-recognition for addressing patient identity challenges. The combination of iris biometric technology and healthcare-focused PTOYNet blockchain network will help in delivering improved administrative, financial and clinical efficiencies.
IMARC Group’s latest report provides a deep insight into the global iris recognition market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global iris recognition market in any manner.
Report Coverage:
- Historical, Current and Future Market Trends
- Market Breakup by Component:
- Market Breakup by Product Integration:
- Smartphone
- Tablet and Notebook
- Scanner
- PC/Laptop
- Smartwatches
- Others
- Market Breakup by End-User:
- Government
- Transportation
- Healthcare
- Others
- Market Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being BioEnable, Iris ID, IrisGuard, M2SYS Technology, Gemalto Cogent, IriTech, Inc, SRI International, Crossmatch, EyeLock LLC, etc.
Key Questions Answered in This Report:
- How has the global iris recognition market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global iris recognition industry?
- What has been the impact of COVID-19 on the global iris recognition industry?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the product integration?
- What is the breakup of the market based on the end-user?
- What are the various stages in the value chain of the global iris recognition industry?
- What are the key driving factors and challenges in the global iris recognition industry?
- What is the structure of the global iris recognition industry and who are the key players?
- What is the degree of competition in the global iris recognition industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Iris Recognition Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Component
5.5 Market Breakup by Product Integration
5.6 Market Breakup by End-User
5.7 Market Breakup by Region
5.8 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Product Integration
7.1 Smartphone
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Tablet and Notebook
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Scanner
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 PC/Laptop
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Smartwatches
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by End-User
8.1 Government
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Transportation
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Healthcare
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 BioEnable
14.3.2 Iris ID
14.3.3 IrisGuard
14.3.4 M2SYS Technology
14.3.5 Gemalto Cogent
14.3.6 IriTech, Inc
14.3.7 SRI International
14.3.8 Crossmatch
14.3.9 EyeLock LLC
List of Figures
Figure 1: Global: Iris Recognition Market: Major Drivers and Challenges
Figure 2: Global: Iris Recognition Market: Sales Value (in Million US$), 2015-2020
Figure 3: Global: Iris Recognition Market: Breakup by Component (in %), 2020
Figure 4: Global: Iris Recognition Market: Breakup by Product Integration (in %), 2020
Figure 5: Global: Iris Recognition Market: Breakup by End-User (in %), 2020
Figure 6: Global: Iris Recognition Market: Breakup by Region (in %), 2020
Figure 7: Global: Iris Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 8: Global: Iris Recognition Industry: SWOT Analysis
Figure 9: Global: Iris Recognition Industry: Value Chain Analysis
Figure 10: Global: Iris Recognition Industry: Porter’s Five Forces Analysis
Figure 11: Global: Iris Recognition (Hardware) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Iris Recognition (Hardware) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Iris Recognition (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Iris Recognition (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Iris Recognition (Smartphone) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Iris Recognition (Smartphone) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Iris Recognition (Tablet and Notebook) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Iris Recognition (Tablet and Notebook) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Iris Recognition (Scanner) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Iris Recognition (Scanner) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Iris Recognition (PC/Laptop) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Iris Recognition (PC/Laptop) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Iris Recognition (Smartwatches) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Iris Recognition (Smartwatches) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Iris Recognition (Other Product Integrations) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Iris Recognition (Other Product Integrations) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Iris Recognition (Government) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Iris Recognition (Government) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Iris Recognition (Transportation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Iris Recognition (Transportation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Iris Recognition (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Iris Recognition (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Iris Recognition (Other End-Users) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Iris Recognition (Other End-Users) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: North America: Iris Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: North America: Iris Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Europe: Iris Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Europe: Iris Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Asia Pacific: Iris Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Asia Pacific: Iris Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Middle East and Africa: Iris Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Middle East and Africa: Iris Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Latin America: Iris Recognition Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Latin America: Iris Recognition Market Forecast: Sales Value (in Million US$), 2021-2026
List of Tables
Table 1: Global: Iris Recognition Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Iris Recognition Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 3: Global: Iris Recognition Market Forecast: Breakup by Product Integration (in Million US$), 2021-2026
Table 4: Global: Iris Recognition Market Forecast: Breakup by End-User (in Million US$), 2021-2026
Table 5: Global: Iris Recognition Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Iris Recognition Market Structure
Table 7: Global: Iris Recognition Market: Key Players