Global Iris Recognition Market - Industry Trends, Opportunities and Forecasts to 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.
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.
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 Product Integration
- Tablet & Notebook
- Consumer Electronics
- Military and Defense
- North America
- South America
- Middle East and Africa
- Asia Pacific
Key questions answered by the report
- What will be the global Iris Recognition market size between 2018 and 2023?
- How are the major drivers and restraints affecting the global Iris Recognition market and the opportunities which exist for key vendors?
- Which segment and region will drive or lead the market growth and why?
- A comprehensive analysis of competitive landscape and key market participants’ behavior
- Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.5. Porter’s Five Forces Analysis
4.6. Technology Overview
4.7. Industry Regulations
4.8. Industry Value Chain Analysis
5. Global Iris Recognition Market Forecast by Component (US$ million)
6. Global Iris Recognition Market Forecast by Product Integration (US$ million)
6.2. Tablet and Notebook
7. Global Iris Recognition Market Forecast by Industry (US$ million)
7.1. Consumer Electronics
7.5. Military and Defense
8. Global Iris Recognition Market Forecast by Geography (US$ million)
8.1. North America
8.2. South America
8.4. Middle East and Africa (MEA)
8.5. Asia Pacific (APAC)
9. Competitive Intelligence
9.1. Market Share Analysis
9.2. Investment Analysis
9.3. Recent Investments and Deals
9.4. Strategies of Key Players
10. Company Profiles
10.1. Gemalto Cogent
10.2. IriTech, Inc
10.3. SRI International
10.5. EyeLock LLC
10.6. IrisGuard Inc.
10.9. Iris ID, Inc.
List of Tables
List of Figures