Iris Recognition Market - Forecasts from 2016 to 2021
Iris Recognition Market is projected to witness a compound annual growth rate of 18.18% to reach a total market size of US$929.737 million by 2021, from US$341.295 million in 2015. 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 has also led to increasing demand for these systems. These systems are contactless and are suitable for healthcare applications, where hygiene is one of the primary focus. 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. Though cost plays a major hindrance in its adoption as these systems are costly as compared to Fingerprint recognition systems and facial recognition systems.
Firstly, the report provides a brief introduction of 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 segmentation which has been covered as part of the report.
Next, the 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 supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Iris Recognition technology. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Thirdly, Iris Recognition Market has been segmented on the basis of component, product integration, industry and geography as follows:
By Product Integration
- Tablet & Notebook
- Consumer Electronics
- Travel and Transport
- Military and Defense
- Europe Middle East and Africa
- Asia Pacific
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players are Irisguard Inc., Safran, Bioenable Technologies, Iris Id, Inc. along with others.
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Overview and Segmentations
4.5. Supplier Outlook
4.6. Industry Outlook
4.7. Porter’s 5 Forces Analysis
4.8. Industry Value Chain Analysis
5. Iris Recognition Market Forecast by Component (US$ billion)
6. Iris Recognition Market Forecast by Product Integration (US$ billion)
6.2. Tablet & Notebook
7. Iris Recognition Market Forecast by Industry (US$ billion)
7.3. Consumer Electronics
7.5. Travel and Transport
7.8. Military and Defense
8. Iris Recognition Market Forecast by Geography (US$ billion)
8.2. Europe Middle East and Africa
8.3. Asia Pacific
9. Competitive Intelligence
9.1. Investment Analysis
9.2. Recent Deals
9.3. Strategies of Key Players
10. Company Profiles
10.1. 3M Cogent
10.2. Iritech, Inc.
10.3. Sri International
10.5. Crossmatch Technologies
10.7. Irisguard Inc.
10.9. Bioenable Technologies
10.10. Iris Id, Inc.