Lucintel anticipates that North America will be the fastest growing region in the iris recognition market

   September 30, 2019
According to a market report by Lucintel, 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 safety and security and growing demand for iris recognition in the travel and immigration.   

To download report brochure, please go to and click "report brochure" tab from the menu.

In this market, smartphone, smartwatch, tablet and notebook, PC/laptop, and scanner are the major application. Within the iris recognition market, government, military and defense, healthcare, banking and finance, consumer electronics, travel and immigration, and automotive are the major end use industries.

North America will remain the largest region over the forecast period.        

Iris ID, Iritech, Bioenable Technologies, Smartmatic International, Crossmatch Technologies, 3M Cogent, Safran(morpho), Irisguard, Eyelock and Sri International are among the major manufacturers of the iris recognition market.           

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the iris recognition market by usage type, application, end use industry, and region. Lucintel has prepared a comprehensive research report entitled "Growth Opportunities Iris Recognition Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. 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 & Notebook

  • PC/Laptop

  • Scanner

By End Use Industry [$M shipment analysis for 2013 – 2024]:

  • Government

  • Military & Defense

  • Healthcare

  • Banking & Finance

  • Consumer Electronics

  • Travel & Immigration

  • Automotive

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [53]
Chemical [264]
Composites & Advanced Materials [170]
Construction & Industrial [76]
Consumer and Retail [140]
Economic Analysis [86]
Energy & Utility [73]
Finance & Services [10]
Healthcare [79]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [166]
Transportation [143]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on