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.
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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
Asia Pacific
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 https://www.lucintel.com/iris-recognition-market.aspx or helpdesk@lucintel.com.
About Lucintel
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