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The future of the iris recognition market looks promising with opportunities in the government, military and defense, healthcare, banking and finance, consumer electronics, travel and immigration, and automotive industries. The iris recognition market is expected to grow with a CAGR of 23% from 2019 to 2024. The major drivers for this market are increasing government expenditure on security systems and growing demand in the travel and immigration and various government organizations.
A more than 150 page report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of iris recognition market report download the report brochure.
Iris Recognition Market
Iris Recognition Market Revenue Breakdown


 
The study includes a forecast for the iris recognition market by usage type, application, end use industry, and region as follows:
 
By Usage Type [$M shipment analysis for 2013 – 2024]:
  • Access Control
  • Time Monitor
By Application [$M shipment analysis for 2013 - 2024]:
  • Smartphone
  • Smartwatch
  • Tablet and Notebook
  • PC/Laptop
  • Scanner
By End Use Industry [$M shipment analysis for 2013 – 2024]:
  • Government
  • Military and defense
  • Health Care
  • Banking and Finance
  • Consumer Electronics
  • Travel and Immigration
  • Automotive
By Region [$M shipment analysis for 2013 - 2024]:
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • Italy
  • Asia Pacific
  • China
  • Japan
  • India
  • Rest of the World
Some of the iris recognition companies profiled in this report include Iris ID, Iritech, Bioenable Technologies, Smartmatic International, Crossmatch Technologies, 3M Cogent, Safran(morpho), Irisguard, Eyelock and Sri International.
 
Some of the features of Iris recognition Market Report: Trends, Forecast, and Opportunity Analysis include
  • Market size estimates: Iris recognition market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by application and by end use industry.
  • Segmentation analysis: Market size by various applications such as by usage type, application, end use industry, and region
  • Regional analysis: Iris recognition market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions for iris recognition in the iris recognition market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape for, iris recognition in the iris recognition market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions:
 
Q.1 What are some of the most promising potential, high-growth opportunities for the iris recognition market by usage type (access control and time monitor), application (smartphone, smartwatch, tablet and notebook, PC/laptop, and scanner), end use industry (government, military and defense, healthcare, banking and finance, consumer electronics, travel and immigration, and automotive), and region (North America, Europe, APAC, and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the iris recognition market?
Q.5 What are the business risks and threats to the Iris recognition market?
Q.6 What are emerging trends in this iris recognition market and the reasons behind them?
Q.7 What are of the changing demands of customers in the iris recognition market?
Q.8 What are the new developments in the iris recognition market? Which companies are leading these developments?
Q.9 Who are the major players in this iris recognition market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this Iris recognition area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this Iris recognition market?
 
Table of Contents
 
1. Executive Summary
 
2. Industry Background and Classifications
2.1. Introduction, Background, and Classification
2.2. Supply Chain
2.3. Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2013 to 2024
3.1. Macroeconomic Trends and Forecast
3.2. Global Iris Recognition Market Trends and Forecast
3.3. Global Iris Recognition Market by Usage Type
3.3.1. Access Control
3.3.2. Time Monitor
3.4. Global Iris Recognition Market by Application
3.4.1. Smartphone
3.4.2. Smartwatch
3.4.3. Tablet & Notebook
3.4.4. PC/Laptop
3.4.5. Scanner
3.5. Global Iris Recognition Market by End Use Industry
3.5.1. Government
3.5.2. Military & Defense
3.5.3. Healthcare
3.5.4. Banking & Finance
3.5.5. Consumer Electronics
3.5.6. Travel & Immigration
3.5.7. Automotive
 
4. Market Trends and Forecast Analysis by Region
4.1. Global Iris Recognition Market by Region
4.2. North American Iris Recognition Market
4.2.1. Market by End Use Industry: Government, Military And Defense, Healthcare, Banking and Finance, Consumer Electronics, Travel and Immigration, and Automotive
4.2.2. Market by Application: Smartphone, Smartwatch, Tablet and Notebook, PC/Laptop,  and Scanner
4.2.3. United States Iris Recognition Market
4.2.4. Canadian Iris Recognition Market
4.2.5. Mexican Iris Recognition Market
4.3. European Iris Recognition Market
4.3.1. Market by End Use Industry: Government, Military And Defense, Healthcare, Banking and Finance, Consumer Electronics, Travel and Immigration, and Automotive
4.3.2. Market by Application: Smartphone, Smartwatch, Tablet and Notebook, PC/Laptop, and Scanner
4.3.3. German Iris Recognition Market
4.3.4. Italian Iris Recognition Market
4.3.5. The UK Iris Recognition Market
4.4. APAC Iris Recognition Market
4.4.1. Market by End Use Industry: Government, Military And Defense, Healthcare, Banking and Finance, Consumer Electronics, Travel and Immigration, and Automotive
4.4.2. Market by Application: Smartphone, Smartwatch, Tablet and Notebook, PC/Laptop,  and Scanner
4.4.3. Chinese Iris Recognition Market
4.4.4. Indian Iris Recognition Market
4.4.5. Japanese Iris Recognition Market
4.5. ROW Iris Recognition Market
4.5.1. Market by End Use Industry: Government, Military And Defense, Healthcare, Banking and Finance, Consumer Electronics, Travel and Immigration, and Automotive
4.5.2. Market by Application: Smartphone, Smartwatch, Tablet and Notebook, PC/Laptop, and Scanner
 
5. Competitor Analysis
5.1. Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1. Growth Opportunity Analysis
6.1.1. Growth Opportunities for the Global Iris Recognition Market by Usage Type
6.1.2. Growth Opportunities for the Global Iris Recognition Market by Application
6.1.3. Growth Opportunities for the Global Iris Recognition Market by End Use Industry
6.1.4. Growth Opportunities for the Global Iris Recognition Market by Region
6.2. Emerging Trends in the Global Iris Recognition Industry
6.3. Strategic Analysis
6.3.1. New Product Development
6.3.2. Capacity Expansion in the Global Iris Recognition Market
6.3.3. Certification and Licensing
6.3.4. Mergers, Acquisitions and Joint Ventures
 
7. Company Profiles of Leading Players
7.1. Iris ID
7.2. Iritech
7.3. Bioenable Technologies
7.4. Smartmatic International
7.5. Crossmatch Technologies
7.6. 3M Cogent
7.7. Safran
7.8. Eyelock
7.9. Sri International
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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