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Global Iris Recognition Biometrics Market Opportunities and Forecast 2023-2030
Global Iris Recognition Biometrics Market, By Component (Iris Scanners, Iris Recognition Software, Services [ Integration & Deployment, Biometrics Consulting, Support & Maintenance] By Application (Access Control, Identity Verification, Payments) By End-use Industry (Military, Government & Law Enforcement, Banking & Financial Services, Healthcare, Consumer Electronics, Others), and opportunities and forecast 2023-2030
Iris Recognition Biometrics Market Overview
Iris Recognition Biometrics Software is one of the most secure means of authentication and identification because of the unique properties of the iris. This technology substitutes current password, token card, or PIN authentication methods, and when combined with something the user knows in a two-factor authentication system, the authentication becomes even more secure. The global Iris Recognition Biometrics market is expected to rise at a significant rate in the coming years.
Iris recognition systems are being enrolled by the government of many nations for a variety of purposes, including passport-free automated border crossings and national ID programs. For example, the Indian government employs iris-based Recognition Biometrics in conjunction with national ID cards to identify persons for social services, passports, voter registration, and a variety of other purposes. Therefore, an increase in the adoption of iris biometric solutions among government agencies is anticipated to enlarge the growth of the global Iris Recognition Biometrics market over the coming years. Furthermore, constant innovations in iris Recognition Biometrics and the growing penetration of this technology in consumer electronics will boost the growth of the Iris Recognition Biometrics market in the forecast period.
Report Metric
Details
Market size available for years
2019–2027
Base year considered
2019
Forecast period
2020–2027
Forecast unit
Value (USD Million)
Segments covered
Component, Application, End-use Industry, and Region
Regions covered
North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
Covid-19 Impact on Iris Recognition Biometrics Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Based on Component, the Iris Recognition Software is one of the major segments in the global Iris Recognition Biometrics market. Iris Recognition software offers the quality and accuracy it needs to capture and manage large numbers of iris images. The acquired data can be used for both registration and verification purposes. It provides a complete set of iris recognition-related functions (enroll, verify and identify).
Iris Recognition Biometrics Market, By Component
Iris Scanners
Iris Recognition Software
Services
Integration & Deployment
Recognition Biometrics Consulting
Support & Maintenance
Iris Recognition Biometrics Market, By Application
· Access Control · Identity Verification · Payments
Iris Recognition Biometrics Market, By End-use Industry
· Military · Government & Law Enforcement · Banking & Financial Services · Healthcare · Consumer Electronics · Others
Iris Recognition Biometrics Regional Overview
In terms of region, North America holds the largest share in the global Iris Recognition Biometrics market. This is due to the presence of several key players in the region. Similarly, the market in the Asia Pacific is expected to grow at a considerable rate in the coming years. This is because of the increasing adoption of iris biometric tools among governments and law enforcement agencies. Furthermore, rising security concerns, as well as the demand for iris recognition technology in E-Passport and national ID programs, are expected to propel the growth of the market in these regions in the forthcoming years.
Iris Recognition Biometrics Market, By Geography
· North America (US & Canada) · Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe) · Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific) · LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Iris Recognition Biometrics Market, Key Players
· Thales Group · DERMALOG Identification Systems GmbH · M2SYS Technology · HID Global · IRIS S.A. · Iris ID, Inc. · IDEMIA · TECH5 · BioEnable Technologies Pvt Ltd. · NEC Corporation · EyeLock LLC · IrisGuard Ltd · Princeton Identity
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Iris Biometrics market?
A. The increase in the adoption of iris biometric solutions among government agencies is anticipated to enlarge the growth of the global Iris Biometrics market over the coming years.
Q2. Which Segments are covered in the Iris Biometrics market report?
A. Component, Application, End-use Industry, and Region, these segments are covered in the Iris Biometrics market report.
Q3. Which segment is projected to hold the largest share in the Iris Biometrics Market?
A. The Iris Recognition Software segment is projected to hold the largest share in the Iris Biometrics Market.
Q4. Which are sub-segments of the Services segment in the Iris Biometrics market?
A. Integration & Deployment, Biometrics Consulting, Support & Maintenance are sub-segments of the Services segment in the Iris Biometrics market.
Q5. Which are the prominent players in the Iris Biometrics Market?
A. Thales Group, DERMALOG Identification Systems GmbH, M2SYS Technology, HID Global, IRIS S.A., Iris ID, Inc., IDEMIA, TECH5, BioEnable Technologies Pvt Ltd., NEC Corporation, EyeLock LLC, IrisGuard Ltd, Princeton Identity are some key players in the Iris Biometrics Market.
Iris Recognition Biometrics Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
5. Global Iris Recognition Biometrics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Component
5.2.1. Iris Scanners
5.2.2. Iris Recognition Software
5.2.3. Services
5.2.3.1. Integration & Deployment
5.2.3.2. Recognition Biometrics Consulting
5.2.3.3. Support & Maintenance
5.3. Market Analysis, Insights and Forecast – By Application
5.3.1. Access Control
5.3.2. Identity Verification
5.3.3. Payments
5.4. Market Analysis, Insights and Forecast – By End-use Industry
5.4.1. Military
5.4.2. Government & Law Enforcement
5.4.3. Banking & Financial Services
5.4.4. Healthcare
5.4.5. Consumer Electronics
5.4.6. Others
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Latin America, Middle East and Africa
6. North America Iris Recognition Biometrics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Component
6.2.1. Iris Scanners
6.2.2. Iris Recognition Software
6.2.3. Services
6.2.3.1. Integration & Deployment
6.2.3.2. Recognition Biometrics Consulting
6.2.3.3. Support & Maintenance
6.3. Market Analysis, Insights and Forecast – By Application
6.3.1. Access Control
6.3.2. Identity Verification
6.3.3. Payments
6.4. Market Analysis, Insights and Forecast – By End-use Industry
6.4.1. Military
6.4.2. Government & Law Enforcement
6.4.3. Banking & Financial Services
6.4.4. Healthcare
6.4.5. Consumer Electronics
6.4.6. Others
6.5. Market Analysis, Insights and Forecast – By Country
6.5.1. U.S.
6.5.2. Canada
7. Europe Iris Recognition Biometrics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Component
7.2.1. Iris Scanners
7.2.2. Iris Recognition Software
7.2.3. Services
7.2.3.1. Integration & Deployment
7.2.3.2. Recognition Biometrics Consulting
7.2.3.3. Support & Maintenance
7.3. Market Analysis, Insights and Forecast – By Application
7.3.1. Access Control
7.3.2. Identity Verification
7.3.3. Payments
7.4. Market Analysis, Insights and Forecast – By End-use Industry
7.4.1. Military
7.4.2. Government & Law Enforcement
7.4.3. Banking & Financial Services
7.4.4. Healthcare
7.4.5. Consumer Electronics
7.4.6. Others
7.5. Market Analysis, Insights and Forecast – By Country
7.5.1. UK
7.5.2. Germany
7.5.3. France
7.5.4. Italy
7.5.5. Spain
7.5.6. Russia
7.5.7. Rest of Europe
8. Asia Pacific Iris Recognition Biometrics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Component
8.2.1. Iris Scanners
8.2.2. Iris Recognition Software
8.2.3. Services
8.2.3.1. Integration & Deployment
8.2.3.2. Recognition Biometrics Consulting
8.2.3.3. Support & Maintenance
8.3. Market Analysis, Insights and Forecast – By Application
8.3.1. Access Control
8.3.2. Identity Verification
8.3.3. Payments
8.4. Market Analysis, Insights and Forecast – By End-use Industry
8.4.1. Military
8.4.2. Government & Law Enforcement
8.4.3. Banking & Financial Services
8.4.4. Healthcare
8.4.5. Consumer Electronics
8.4.6. Others
8.5. Market Analysis, Insights and Forecast – By Country
8.5.1. China
8.5.2. India
8.5.3. Japan
8.5.4. Australia
8.5.5. South East Asia
8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Iris Recognition Biometrics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Component
9.2.1. Iris Scanners
9.2.2. Iris Recognition Software
9.2.3. Services
9.2.3.1. Integration & Deployment
9.2.3.2. Recognition Biometrics Consulting
9.2.3.3. Support & Maintenance
9.3. Market Analysis, Insights and Forecast – By Application
9.3.1. Access Control
9.3.2. Identity Verification
9.3.3. Payments
9.4. Market Analysis, Insights and Forecast – By End-use Industry
9.4.1. Military
9.4.2. Government & Law Enforcement
9.4.3. Banking & Financial Services
9.4.4. Healthcare
9.4.5. Consumer Electronics
9.4.6. Others
9.5. Market Analysis, Insights and Forecast – By Country
9.5.1. Brazil
9.5.2. Saudi Arabia
9.5.3. UAE
9.5.4. Rest of LAMEA
10. Competitive Analysis
10.1. Company Market Share Analysis, 2018
10.2. Key Industry Developments
10.3. Company Profile
10.4. Thales Group
10.4.1. Business Overview
10.4.2. Segment 1 & Service Offering
10.4.3. Overall Revenue
10.4.4. Geographic Presence
10.4.5. Recent Development
*Similar details will be provided for the following companies
10.5. DERMALOG Identification Systems GmbH
10.6. M2SYS Technology
10.7. HID Global
10.8. IRIS S.A.
10.9. Iris ID, Inc.
10.10. IDEMIA
10.11. TECH5
10.12. BioEnable Technologies Pvt Ltd.
10.13. NEC Corporation
10.14. EyeLock LLC
10.15. IrisGuard Ltd
List of Figures
Figure 1: Global Iris Recognition Biometrics Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Iris Recognition Biometrics Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Iris Recognition Biometrics Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Iris Recognition Biometrics Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Iris Recognition Biometrics Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Iris Recognition Biometrics Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Iris Recognition Biometrics Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Iris Recognition Biometrics Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Iris Recognition Biometrics Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Iris Recognition Biometrics Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Iris Recognition Biometrics Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Iris Recognition Biometrics Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Iris Recognition Biometrics Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa IMarket Revenue (USD Billion) Forecast, by Country, 2016-2027