Iris Recognition Market Size, Share, Opportunities, And Trends By Component (Hardware, Software, Services), By Product (Iris Scanners, Integrated Systems, Wearable Devices), By Application (Identity Verification And Authentication, Access Control, Time And Attendance Tracking, Border Control And Immigration), By Industry Vertical (BFSI, Healthcare, Consumer Electronics, Travel And Immigration, Retail And E-Commerce, Military And Defense, Others), And By Geography – Forecasts From 2025 To 2030

Iris Recognition Market Size:

The Iris Recognition Market will grow at a CAGR of 14.73% to be valued at US$8,184 million in 2030 from US$4,116 million in 2025.

Iris recognition is an advanced automated technology of biometric identification that works on the principle of mathematical pattern recognition techniques. The human iris has a complex pattern and is unique, stable, and recognizable from a distance, without contacting the device. The Iris recognition system is different from retina scanning as the latter is an oscular-based biometric technology that scans the individual’s retina blood vessels. The prime reason driving the growth in the market is rising instances of cybercrime and the growing adoption of advanced security technology across several industry verticals. Moreover, the booming demand for smart devices also plays a key role in market development. Technological innovation in the consumer electronic segment provides potential growth opportunities. However, distance constraints and cyber hacking weaken the technology’s security and hence hinder market development.

Iris Recognition Market Growth Drivers:

• Surging cases of cybercrime encourage the adoption of stronger security systems which favours the market for iris recognition.

One of the prime reasons supporting the market growth of iris scanners is surging cases of cybercrime that have the potential to harm the individual, especially financially. In the digitalized world, where every activity is online, the birth of cybercrime has threatened the safety of individuals and organizations, resulting in financial or other losses to them. Further, the growing penetration of smart devices comes with a risk of robbery, hacking, data theft, and others. Thus, the requirement for stricter technology encourages the market growth of iris recognition solutions.

Based on product integration, the market for iris recognition is segmented into smartphones, tablets and notebooks, smartwatches, PC or Laptops, scanners, and others. Smart Devices, such as smartphones, smartwatches, tablets, and electronic notebooks are anticipated to hold a dominating share of the market. Further, with rising disposable income, a surge in demand for these smart devices is observed facilitating better operations. Particularly skyrocketing sales of smartphones have provided humungous growth prospects for iris recognition technology. Moreover, with new technological up-gradation such as the introduction of 5G networking and various smartphone applications, demand for smartphones is anticipated to increase many folds. Hence, iris recognition is gaining preferability as it is more secure than other biometric technology. ViewSonic was the first company that adopted iris recognition in its ViewSonic V55 smartphones in the year 2014. Microsoft as well adopted this technology in its smartphones and smart devices in 2015. Samsung, Oppo, and Vivo are other leading brands that adopted iris scanner technology in their smart devices.

• Failing to provide hack-proof security constrains the market growth of iris recognition technology.

A major constraint hindering the market growth of iris recognition solutions is that even this biometric security technique is defeated at the hands of technology hackers and that too in a very simple way. Hackers defeated the iris recognition system and decreased its efficiency using the image of the authorized person in the year 2015, soon after several leading smartphone companies introduced this feature in their devices. Other glitches that hinder the market prospects are that the iris recognition solution fails to scan from a far distance, more than a meter or two, and may find it difficult to recognize while the person is moving.

• Consumer electronics will have a leading share in the market of the global iris recognition industry.

Based on end-users, the market is segmented as consumer electronics, healthcare, BFSI, government, military and defence, automotive, and others. During the forecasted period the consumer electronics and automotive sectors are projected to grow at an auspicious rate resulting in higher demand for iris recognition technology. The BFSI, government, and military and defence segments are anticipated to hold a dominating share of the market. The healthcare sector will show notable growth owing to surging investment in healthcare infrastructure. The government of India, for example, has set aside US$96.5 billion to be invested in healthcare infrastructure by 2030 will provide growth potential for the iris recognition security market.

Iris Recognition Market Geographical Outlook:

• The North American iris recognition market will hold a dominating share in the global industry.

By geography, the global iris recognition market is divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific region. The North American iris recognition market is anticipated to grow to dominate the global market owing to the region’s early adoption of technology. The Asia Pacific region, however, is projected to grow at the fastest rate owing to rising disposable income and growing adoption of smart devices, such as smartphones and others.

The global iris recognition market report delivers an in-depth analysis of the industry, providing strategic and executive-level insights supported by data-driven forecasts and emerging trends. This regularly updated report equips decision-makers with actionable intelligence on market dynamics, growth opportunities, and competitive landscapes. It examines demand across various iris recognition components, products, applications, and industry verticals, while detailing their adoption across key regions. Additionally, the report highlights technological advancements, government policies, regulations, and macroeconomic factors shaping the market.

Iris Recognition Market Segmentations:

Iris Recognition Market Segmentation by component

The iris recognition market is segmented by component into the following:

• Hardware
• Software
• Services

Iris Recognition Market Segmentation by product

The iris recognition market is analyzed by product into the following:

• Iris Scanners
• Integrated Systems
• Wearable Devices

Iris Recognition Market Segmentation by application

The iris recognition market is analyzed by application into the following:

• Identity Verification and Authentication
• Access Control
• Time and Attendance Tracking
• Border Control and Immigration

Iris Recognition Market Segmentation by industry vertical

The iris recognition market is segmented by industry vertical into the following:

• Banking, Financial Services, and Insurance (BFSI)
• Healthcare
• Consumer Electronics
• Travel and Immigration
• Retail and E-commerce
• Military and Defense
• Others

Iris Recognition Market Segmentation by regions:

The study also analysed the iris recognition market into the following regions, with country level forecasts and analysis as below:

• North America (US, Canada and Mexico)
• South America (Brazil, Argentina, and Others)
• Europe (Germany, UK, France, Spain and Others
• Middle East and Africa (Saudi Arabia, UAE and Others)
• Asia Pacific (China, Japan, India, South Korea, Thailand, Indonesia, and Others)

Iris Recognition Market Competitive Landscape:

The global iris recognition market is marked by the presence of key players such as Thales Group, IDEMIA, NEC Corporation, Iris ID Systems, Inc., HID Global, EyeLock LLC, Princeton Identity, CMITech Company, Ltd., IrisGuard UK Ltd., and Dermalog Identification Systems GmbH. 

Iris Recognition Market Report Coverage:

This report provides extensive coverage as explained in the points below:

• Iris recognition market size, forecasts and trends by different component. The section provides historical revenue data with analysis focusing on key factors driving the adoption of various components. The current challenges faced by key market players and what are the major growth areas. 
• Market size, forecasts, and trends by product focusing on sales data and analysis.
• Market Size, Forecasts, and Trends by Application: Analysis of demand for identity verification, access control, and other applications.
• Iris recognition market size, forecasts and trends by industry vertical. The section provides historical revenue data with analysis focusing on sales of iris recognition based on industry vertical. 
• Iris recognition market is also analysed across different regions, with historical data, regional share, attractiveness and opportunity of these solutions in different countries. The growth prospects and key players operating in these markets. The section also dwells on the macro factors, economic scenario and other complementing factors aiding in market growth. 
• Market dynamics: The section details the market growth factors, restraints, and opportunities in the market. The segment also presents complete market scenario with the help of Porter’s five forces model. 
• Competitive Intelligence: A thorough investigation on the competitive structure of the market presented through proprietary vendor matrix model, market share analysis of key players, insights on strategies of key players and recent major developments undertaken by the companies to gain competitive edge. 
• Research methodology: The assumptions and sources which were considered to arrive at the final market estimates. Additionally, how our model is refined to ensure most significant factors are taken into consideration with the proper hypothesis and bottom-up and top-down approaches enhance the reliability of forecasts further strengthening the trustworthiness of the numbers being presented. 

How this report is helpful to you and reasons for purchase?

• The report provides a strategic outlook of the iris recognition market to the decision-makers, analysts and other stakeholders in the easy to read format for taking informed decisions.
• The charts, tables and figures make it easy for the executives to gain valuable insights while skimming the report. 
• Analyst support through calls and email for timely clarification and incorporating additional requests. 
• Option of presentation or doc format with the estimates file to take care of diverse requirements. 
• 15% FREE customization with all our reports help cater additional requirements with significant cost-savings. 
• Option of purchasing specific segments of the study, including opting for summary reports or just the estimates file. 

Iris Recognition Market Scope:

Report Metric	Details
Iris Recognition Market Size in 2025	US$4,116 million
Iris Recognition Market Size in 2030	US$8,184 million
Growth Rate	CAGR of 14.73%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Million
Segmentation	Component Product Application Industry Vertical Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Iris Recognition Market	Thales Group IDEMIA NEC Corporation Iris ID Systems, Inc. HID Global
Customization Scope	Free report customization with purchase

 

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1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. IRIS RECOGNITION MARKET BY COMPONENT

5.1. Introduction

5.2. Hardware

5.3. Software

5.4. Service

6. IRIS RECOGNITION MARKET BY PRODUCT

6.1. Introduction

6.2. Iris Scanners

6.3. Integrated Systems

6.4. Wearable Devices

7. IRIS RECOGNITION MARKET BY APPLICATION

7.1. Introduction

7.2. Identity Verification and Authentication

7.3. Access Control

7.4. Time and Attendance Tracking

7.5. Border Control and Immigration

8. IRIS RECOGNITION MARKET BY INDUSTRY VERTICAL

8.1. Introduction

8.2. Banking, Financial Services, and Insurance (BFSI)

8.3. Healthcare

8.4. Consumer Electronics

8.5. Travel and Immigration

8.6. Retail and E-commerce

8.7. Military and Defense

8.8. Others

9. IRIS RECOGNITION MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. USA

9.2.2. Canada

9.2.3. Mexico

9.3. South America

9.3.1. Brazil

9.3.2. Argentina

9.3.3. Others

9.4. Europe

9.4.1. United Kingdom

9.4.2. Germany

9.4.3. France

9.4.4. Italy

9.4.5. Spain

9.4.6. Others

9.5. Middle East and Africa

9.5.1. Saudi Arabia

9.5.2. UAE

9.5.3. Others

9.6. Asia Pacific

9.6.1. China

9.6.2. Japan

9.6.3. India

9.6.4. South Korea

9.6.5. Taiwan

9.6.6. Thailand

9.6.7. Indosneisa

9.6.8. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Thales Group

11.2. IDEMIA

11.3. NEC Corporation

11.4. Iris ID Systems, Inc.

11.5. HID Global

11.6. EyeLock LLC

11.7. Princeton Identity

11.8. CMITech Company, Ltd.

11.9. IrisGuard UK Ltd.

11.10. Dermalog Identification Systems GmbH

12. APPENDIX

12.1. Currency 

12.2. Assumptions

12.3. Base and Forecast Years Timeline

12.4. Key benefits for the stakeholders

12.5. Research Methodology 

12.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Thales Group

IDEMIA

NEC Corporation

Iris ID Systems, Inc.

HID Global

EyeLock LLC

Princeton Identity

CMITech Company, Ltd.

IrisGuard UK Ltd.

Dermalog Identification Systems GmbH