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Iris Recognition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global iris recognition market is expected to grow at a CAGR of around 18% during 2019-2024. 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.

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:
    • Hardware
    • Software
       
  • 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 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    Market Breakup by Component
    5.4    Market Breakup by Product Integration
    5.5    Market Breakup by End-User
    5.6    Market Breakup by Region
    5.7    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    IriTech, Inc
        14.3.6    SRI International
        14.3.7    Crossmatch
        14.3.8    EyeLock LLC
        14.3.9    IDEMIA
        14.3.10      Rubitherm Technologies Gmbh

List of Figures

Figure 1: Global: Iris Recognition Market: Major Drivers and Challenges
Figure 2: Global: Iris Recognition Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Iris Recognition Market: Breakup by Component (in %), 2018
Figure 4: Global: Iris Recognition Market: Breakup by Product Integration (in %), 2018
Figure 5: Global: Iris Recognition Market: Breakup by End-User (in %), 2018
Figure 6: Global: Iris Recognition Market: Breakup by Region (in %), 2018
Figure 7: Global: Iris Recognition Market Forecast: Sales Value (in Billion US$), 2019-2024
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$), 2013-2018
Figure 12: Global: Iris Recognition (Hardware) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 13: Global: Iris Recognition (Software) Market: Sales Value (in Million US$), 2013-2018
Figure 14: Global: Iris Recognition (Software) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 15: Global: Iris Recognition (Smartphone) Market: Sales Value (in Million US$), 2013-2018
Figure 16: Global: Iris Recognition (Smartphone) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 17: Global: Iris Recognition (Tablet and Notebook) Market: Sales Value (in Million US$), 2013-2018
Figure 18: Global: Iris Recognition (Tablet and Notebook) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 19: Global: Iris Recognition (Scanner) Market: Sales Value (in Million US$), 2013-2018
Figure 20: Global: Iris Recognition (Scanner) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 21: Global: Iris Recognition (PC/Laptop) Market: Sales Value (in Million US$), 2013-2018
Figure 22: Global: Iris Recognition (PC/Laptop) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 23: Global: Iris Recognition (Smartwatches) Market: Sales Value (in Million US$), 2013-2018
Figure 24: Global: Iris Recognition (Smartwatches) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 25: Global: Iris Recognition (Other Product Integrations) Market: Sales Value (in Million US$), 2013-2018
Figure 26: Global: Iris Recognition (Other Product Integrations) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 27: Global: Iris Recognition (Government) Market: Sales Value (in Million US$), 2013-2018
Figure 28: Global: Iris Recognition (Government) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 29: Global: Iris Recognition (Transportation) Market: Sales Value (in Million US$), 2013-2018
Figure 30: Global: Iris Recognition (Transportation) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 31: Global: Iris Recognition (Healthcare) Market: Sales Value (in Million US$), 2013-2018
Figure 32: Global: Iris Recognition (Healthcare) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 33: Global: Iris Recognition (Other End-Users) Market: Sales Value (in Million US$), 2013-2018
Figure 34: Global: Iris Recognition (Other End-Users) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 35: North America: Iris Recognition Market: Sales Value (in Million US$), 2013-2018
Figure 36: North America: Iris Recognition Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 37: Europe: Iris Recognition Market: Sales Value (in Million US$), 2013-2018
Figure 38: Europe: Iris Recognition Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 39: Asia Pacific: Iris Recognition Market: Sales Value (in Million US$), 2013-2018
Figure 40: Asia Pacific: Iris Recognition Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 41: Middle East and Africa: Iris Recognition Market: Sales Value (in Million US$), 2013-2018
Figure 42: Middle East and Africa: Iris Recognition Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 43: Latin America: Iris Recognition Market: Sales Value (in Million US$), 2013-2018
Figure 44: Latin America: Iris Recognition Market Forecast: Sales Value (in Million US$), 2019-2024

List of Tables

Table 1: Global: Iris Recognition Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Iris Recognition Market Forecast: Breakup by Component (in Million US$), 2019-2024
Table 3: Global: Iris Recognition Market Forecast: Breakup by Product Integration (in Million US$), 2019-2024
Table 4: Global: Iris Recognition Market Forecast: Breakup by End-User (in Million US$), 2019-2024
Table 5: Global: Iris Recognition Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 6: Global: Iris Recognition Market Structure
Table 7: Global: Iris Recognition Market: Key Players

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