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Iris Recognition Market by Component (Hardware, and Software), Product (Smartphones, Scanners), Application (Identity Management and Access Control, Time Monitoring, E-payment), Vertical and Region - Global Forecast to 2027

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Date: 18-Nov-2022
No. of pages: 230
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"Iris recognition market to grow at CAGR of 15.4% during 2022–2027"

The iris recognition market is projected to grow from USD 3.7 billion in 2022 to USD 8.4 billion by 2027, registering a CAGR of 15.4% during the forecast period. Increased adoption of iris recognition technology for identification and authentication by government organizations and high penetration of iris recognition technology in consumer electronics, especially smartphones, are key factors propelling the iris recognition market growth. However, the fear of privacy intrusion and alternate biometric technologies are some factors hindering the growth of the iris recognition market.

"Government vertical held largest share of iris recognition market in 2021"

In terms of market size, the government vertical is expected to dominate the iris recognition market and is likely to witness significant growth during the forecast period. Demand for biometric technologies, especially fingerprint, face, and iris recognition technologies in the government sector, has increased considerably in recent years. In the government sector, iris recognition systems are used mainly for identification and authentication purposes, such as issuing national IDs and law enforcement. Biometric technologies, including iris recognition technology, are also used for election administration to reduce fake or bogus voting.

"Asia Pacific to witness highest growth among other regions during forecast period"

Asia Pacific is expected to dominate the iris recognition market during the forecast period. It is the most attractive business destination for iris recognition products and solution providers due to the growing consumer electronics industry, especially the smartphone market in this region. The growth of this market can be attributed to the rapid economic prosperity witnessed in major developing economies, technological advancements, and increased awareness among the masses. China, Japan, South Korea, and India are a few major markets for iris recognition systems in Asia Pacific. These countries have taken numerous initiatives for the security of their citizens. In Japan and China, iris recognition systems have been deployed at various airports, banks, ATMs, and government institutes. India pioneered the mega project UID (i.e., unique identification) or "Aadhaar" for its citizens. Under the UID project, all citizens would be assigned one unique number for individual identity; the government of India has planned to issue an individual "Aadhaar"card to each citizen.

The report profiles key players in the iris recognition market with their respective market rankinganalyses. Prominent players profiled in this report include Thales (France), IDEMIA (France), HID Global Corporation (US), Iris ID, Inc. (US), IriTech, Inc. (US), IrisGuard Ltd. (UK), eyeLock LLC (US), NEC Corporation (Japan), Princeton Identity (US), and CMITech Company, Ltd. (Korea), among others.

Research coverage

This research report categorizes the iris recognition market on the basis ofcomponent, product, application, vertical, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the iris recognition market and forecasts the same till 2027. Apart from these, the report also consists of leadership mapping and analysis of companies in the iris recognition ecosystem.

Key benefits of buying report

The report will help market leaders/new entrants with information on the closest approximations of the revenue numbers for the iris recognition market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.

Iris Recognition Market by Component (Hardware, and Software), Product (Smartphones, Scanners), Application (Identity Management and Access Control, Time Monitoring, E-payment), Vertical and Region - Global Forecast to 2027

Table Of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition And Scope
1.2.1 Inclusions And Exclusions
1.3 Study Scope
Figure 1 Iris Recognition Market Segmentation
1.3.1 Years Considered
1.4 Currency Considered
1.5 Stakeholders
1.6 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Iris Recognition Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown Of Primaries
2.1.3 Secondary And Primary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Methodology To Arrive At Market Size Using Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Approach 1 Bottom-Up(Supply Side)— Revenue Generated By Companies In Iris Recognition Market
Figure 4 Iris Recognition Market: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Methodology To Arrive At Market Size Using Top-Down Approach
Figure 5 Market Size Estimation Methodology: Approach 2 (Supply Side):Illustration Of Revenue Estimation For One Company In Iris Recognition Market
Figure 6 Iris Recognition Market: Top-Down Approach
2.3 Data Triangulation
Figure 7 Data Triangulation
2.4 Research Assumptions
2.5 Research Limitations
2.6 Risk Assessment

3 Executive Summary
Figure 8 Software To Hold Larger Share Of Iris Recognition Market Throughoutforecast Period
Figure 9 Scanners To Hold Largest Share Of Iris Recognition Market In 2027
Figure 10 Identity Management And Access Control Application To Hold Largestshare Of Iris Recognition Market In 2027
Figure 11 Market For Healthcare Vertical To Grow At Highest Cagr During Forecastperiod
Figure 12 Asia Pacific Accounted For Largest Market Share In 2021

4 Premium Insights
4.1 Attractive Growth Opportunities For Players In Iris Recognition Market
Figure 13 Increasing Adoption Of Iris Recognition Technology In Asia Pacific Todrive Market Growth
4.2 Iris Recognition Market, By Component
Figure 14 Software To Hold Larger Market Share In 2022
4.3 Iris Recognition Market, By Application
Figure 15 Identity Management And Access Control Application To Capturelargest Share Of Iris Recognition Market During Forecast Period
4.4 Iris Recognition Market In Asia Pacific, By Vertical And Country
Figure 16 China And Consumer Electronics To Be Largest Shareholders In Irisrecognition Market In Asia Pacific, By Country And Vertical, Respectively, In 2021
4.5 Iris Recognition Market, By Vertical
Figure 17 Banking & Finance Vertical To Hold Largest Market Share In Irisrecognition Market In 2022
4.6 Iris Recognition Market, By Country
Figure 18 India To Hold Largest Share Of Global Iris Recognition Market In 2022

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 19 Iris Recognition Market: Drivers, Restraints, Opportunities, Andchallenges
5.2.1 Drivers
Figure 20 Iris Recognition Market: Drivers And Their Impact
5.2.1.1 Rising Adoption Of Iris Recognition Technology By Government Organizations For Identificationand Authentication Purposes
5.2.1.2 Increasing Penetration Of Iris Recognition Technology Into Consumer Electronics Industry
Figure 21 Global Smartphone Shipments, 2019–2021 (Billion Units)
5.2.1.3 Rising Use Of Iris Recognition Technology In Travel And Immigration Industry
5.2.2 Restraints
Figure 22 Iris Recognition Market: Restraints And Their Impact
5.2.2.1 Risk Of Privacy Breach And Identity Theft
5.2.2.2 Presence Of Different Competitive Biometric Technologies
Table 1 Comparison Between Various Biometric Technologies
5.2.3 Opportunities
Figure 23 Iris Recognition Market: Opportunities And Their Impact
5.2.3.1 Growing Demand For Iris Recognition Technology From Healthcare Industry
5.2.3.2 Rising Penetration Of Biometric Technologies Into Automotive And Aerospace & Defenseverticals
5.2.3.3 Increasing Use Of Iris Recognition Systems In Banking & Finance Sector To Prevent Fraud
5.2.3.4 Integration Of Cloud Computing With Iris Recognition Technology
5.2.4 Challenges
Figure 24 Iris Recognition Market: Challenges And Their Impact
5.2.4.1 Complexities In Integrating Iris Recognition Technology Into Conventional Identification Solutions
5.3 Value Chain Analysis
Figure 25 Iris Recognition Market: Value Chain Analysis
5.4 Ecosystem Analysis
Figure 26 Iris Recognition Market: Ecosystem Analysis
Table 2 Companies And Their Roles In Iris Recognition Ecosystem
5.5 Pricing Analysis
5.5.1 Average Selling Price (Asp) Of Various Iris Recognition Technologies
Table 3 Average Selling Price Of Various Iris Recognition Hardwarecomponents
Figure 27 Average Selling Price Of Iris Scanners Offered By Three Keyplayers
Table 4 Average Selling Price Of Iris Scanners Offered By Three Key Players(Usd)
5.6 Trends/Disruptions Impacting Customers’ Businesses
5.6.1 Revenue Shift And New Revenue Pockets For Iris Recognition Technologyproviders
Figure 28 Revenue Shift For Iris Recognition Market Players
5.7 Technology Analysis
5.7.1 Key Technology Trends
5.7.2 Cloud-Based Iris Recognition System
5.7.3 3d Iris Recognition
5.7.4 Complementary Technologies
5.7.4.1 Payment With Iris Recognition
5.7.5 Adjacent Technologies
5.7.5.1 Integration Of Computer Vision In Iris Recognition Systems
5.8 Porter’s Five Forces Analysis
Table 5 Iris Recognition Market: Porter’s Five Forces Analysis
Figure 29 Iris Recognition Market: Porter’s Five Forces Analysis
5.8.1 Intensity Of Competitive Rivalry
5.8.2 Bargaining Power Of Suppliers
5.8.3 Bargaining Power Of Buyers
5.8.4 Threat Of Substitutes
5.8.5 Threat Of New Entrants
5.9 Key Stakeholders And Buying Criteria
5.9.1 Key Stakeholders In Buying Process
Figure 30 Influence Of Stakeholders On Buying Process For Top Three End- User Industries
Table 6 Influence Of Stakeholders On Buying Process For Top Three End-Userindustries (%)
5.9.2 Buying Criteria
Figure 31 Key Buying Criteria For Top Three End-User Industries
Table 7 Key Buying Criteria For Top Three End-User Industries
5.10 Case Study Analysis
Table 8 Use Of Biometrics For Food Distribution
Table 9 Use Of Iris Recognition For Auto Mall Security
Table 10 Use Of Iris Recognition For Verification Of Unique Identification Numbers(Uid) Issued To All Indian Citizens
Table 11 Use Of Multi-Biometric Enrollment System By Mexico Tax Agency
5.11 Trade And Tariff Analysis
5.11.1 Trade Analysis
5.11.1.1 Trade Data For Hs Code 847160
Figure 32 Import Data, By Country, 2017−2021 (Usd Million)
Figure 33 Export Data, By Country, 2017−2021 (Usd Million)
5.12 Patent Analysis
Figure 34 Companies With Highest Number Of Patent Applications In Last 10 Years
Table 12 Top 20 Patent Owners In Last 10 Years
Figure 35 Number Of Patents Granted, 2011−2022
5.12.1 Patent Analysis
Table 13 Major Patents Related To Iris Recognition Market
5.13 Key Conferences And Events, 2022–2023
Table 14 Iris Recognition Market: Detailed List Of Key Conferences And Events
5.14 Regulatory Landscape
5.14.1 Regulatory Bodies, Government Agencies, And Other Organizations Relatedto Iris Recognition Market
Table 15 North America: Regulatory Bodies, Government Agencies, And Otherorganizations
Table 16 Europe: Regulatory Bodies, Government Agencies, And Otherorganizations
Table 17 Asia Pacific: Regulatory Bodies, Government Agencies, And Otherorganizations
Table 18 Row: Regulatory Bodies, Government Agencies, And Otherorganizations
5.14.2 Standards And Regulations Related To Iris Recognition Market
Table 19 North America: Safety Standards For Iris Recognition Market
Table 20 Europe: Safety Standards For Iris Recognition Market
Table 21 Asia Pacific: Safety Standards For Iris Recognition Market
Table 22 Row: Safety Standards For Iris Recognition Market

6 Iris Recognition Market, By Component
6.1 Introduction
Figure 36 Iris Recognition Market, By Component
Figure 37 Software Segment To Continue To Hold Larger Share Of Irisrecognition Market During Forecast Period
Table 23 Iris Recognition Market, By Component, 2018–2021 (Usd Million)
Table 24 Iris Recognition Market, By Component, 2022–2027 (Usd Million)
6.2 Hardware
Table 25 Hardware: Iris Recognition Market, By Product, 2018–2021 (Usd Million)
Table 26 Hardware: Iris Recognition Market, By Product, 2022–2027 (Usd Million)
Table 27 Hardware: Iris Recognition Market, By Hardware Type, 2018–2021 (Usdmillion)
Table 28 Hardware: Iris Recognition Market, By Hardware Type, 2022–2027 (Usdmillion)
Table 29 Hardware: Iris Recognition Market, By Region, 2018–2021 (Usd Million)
Table 30 Hardware: Iris Recognition Market, By Region, 2022–2027 (Usd Million)
6.2.1 Cameras
6.2.1.1 Rising Demand For Identity Management And Access Control
6.2.2 Sensors
6.2.2.1 Growing Development Of New Technology-Based Sensors For Biometric Applications Inconsumer Electronics Devices
6.2.3 Image Processors
6.2.3.1 Surging Demand In High-Volume Server Applications That Run On Server Hardware
6.2.4 Integrated Devices
6.2.4.1 Increasing Demand For Wi-Fi-Enabled Iris Devices For Various Applications
6.3 Software
Table 31 Software: Iris Recognition Market, By Product, 2018–2021 (Usd Million)
Table 32 Software: Iris Recognition Market, By Product, 2022–2027 (Usd Million)
Table 33 Software: Iris Recognition Market, By Software Type, 2018–2021 (Usdmillion)
Table 34 Software: Iris Recognition Market, By Software Type, 2022–2027 (Usdmillion)
Table 35 Software: Iris Recognition Market, By Region, 2018–2021 (Usd Million)
Table 36 Software: Iris Recognition Market, By Region, 2022–2027 (Usd Million)
6.3.1 Iris Recognition Software & Sdk
6.3.1.1 Prominent Presence Of Various Major Players
6.3.2 Database
6.3.2.1 Surging Demand For Databases In Various Verticals
6.3.3 Analytics Solution
6.3.3.1 Growing Deployment Of Combinations Of Business Analytics Software
6.3.4 Others

7 Iris Recognition Market, By Product
7.1 Introduction
Figure 38 Iris Recognition Market, By Product
Figure 39 Scanners To Continue To Hold Largest Share Of Iris Recognition Marketduring Forecast Period
Table 37 Iris Recognition Market, By Product, 2018–2021 (Usd Million)
Table 38 Iris Recognition Market, By Product, 2022–2027 (Usd Million)
7.2 Smartphones
7.2.1 Rising Penetration Of Biometric Technologies In Smartphones To Boostmarket
Table 39 Smartphones: Iris Recognition Market, By Component, 2018–2021 (Usdmillion)
Table 40 Smartphones: Iris Recognition Market, By Component, 2022–2027 (Usdmillion)
Table 41 Smartphones: Iris Recognition Market, By Region, 2018–2021 (Usdmillion)
Table 42 Smartphones: Iris Recognition Market, By Region, 2022–2027 (Usdmillion)
7.3 Wearables
7.3.1 Increasing Use Of Iris Recognition In Smartwatches To Drive Market
Table 43 Wearables: Iris Recognition Market, By Component, 2018–2021 (Usdmillion)
Table 44 Wearables: Iris Recognition Market, By Component, 2022–2027 (Usdmillion)
Table 45 Wearables: Iris Recognition Market, By Region, 2018–2021 (Usd Million)
Table 46 Wearables: Iris Recognition Market, By Region, 2022–2027 (Usd Million)
7.4 Tablets & Notebooks
7.4.1 Developments Of Tablets With Iris Scanner To Positively Impact Market Fortablets & Notebooks
Table 47 Tablets & Notebooks: Iris Recognition Market, By Component, 2018–2021 (Usd Million)
Table 48 Tablets & Notebooks: Iris Recognition Market, By Component, 2022–2027 (Usd Million)
Table 49 Tablets & Notebooks: Iris Recognition Market, By Region, 2018–2021(Usd Million)
Table 50 Tablets & Notebooks: Iris Recognition Market, By Region, 2022–2027(Usd Million)
7.5 Personal Computers/Laptops
7.5.1 Surging Adoption Of Identity Management Solutions By Government Andtravel Agencies To Propel Market Growth
Table 51 Personal Computers/Laptops: Iris Recognition Market, By Component,2018–2021 (Usd Million)
Table 52 Personal Computers/Laptops: Iris Recognition Market, By Component,2022–2027 (Usd Million)
Table 53 Personal Computers/Laptops: Iris Recognition Market, By Region,2018–2021 (Usd Million)
Table 54 Personal Computers/Laptops: Iris Recognition Market, By Region,2022–2027 (Usd Million)
7.6 Scanners
7.6.1 Increasing Demand For Iris Recognition Scanners In Government Vertical Todrive Market
Table 55 Scanners: Iris Recognition Market, By Component, 2018–2021 (Usdmillion)
Table 56 Scanners: Iris Recognition Market, By Component, 2022–2027 (Usdmillion)
Table 57 Scanners: Iris Recognition Market, By Region, 2018–2021 (Usd Million)
Table 58 Scanners: Iris Recognition Market, By Region, 2022–2027 (Usd Million)

8 Iris Recognition Market, By Application
8.1 Introduction
Figure 40 Iris Recognition Market, By Application
Figure 41 Identity Management And Access Control Applications To Continue Todominate Iris Recognition Market, In Terms Of Size, During Forecast Period
Table 59 Iris Recognition Market, By Application, 2018–2021 (Usd Million)
Table 60 Iris Recognition Market, By Application, 2022–2027 (Usd Million)
8.2 Identity Management And Access Control
Table 61 Identity Management And Access Control: Iris Recognition Market, Byvertical, 2018–2021 (Usd Million)
Table 62 Identity Management And Access Control: Iris Recognition Market, Byvertical, 2022–2027 (Usd Million)
Table 63 Identity Management And Access Control: Iris Recognition Market, Byregion, 2018–2021 (Usd Million)
Table 64 Identity Management And Access Control: Iris Recognition Market, Byregion, 2022–2027 (Usd Million)
8.3 Time Monitoring
8.3.1 Integration Of Iris Recognition Technology Into Time And Attendancemanagement Systems To Support Market Growth
Table 65 Time Monitoring Application: Iris Recognition Market, By Vertical,
2018–2021 (Usd Million)
Table 66 Time Monitoring: Iris Recognition Market, By Vertical, 2022–2027 (Usdmillion)
Table 67 Time Monitoring: Iris Recognition Market, By Region, 2018–2021 (Usdmillion)
Table 68 Time Monitoring: Iris Recognition Market, By Region, 2022–2027 (Usdmillion)
8.4 E-Payment
8.4.1 Rising Consumer Preference For Cashless Payments To Drive Market
Table 69 E-Payment: Iris Recognition Market, By Vertical, 2018–2021 (Usd Million)
Table 70 E-Payment: Iris Recognition Market, By Vertical, 2022–2027 (Usd Million)
Table 71 E-Payment: Iris Recognition Market, By Region, 2018–2021 (Usd Million)
Table 72 E-Payment: Iris Recognition Market, By Region, 2022–2027 (Usd Million)

9 Iris Recognition Market, By Vertical
9.1 Introduction
Figure 42 Iris Recognition Market, By Vertical
Figure 43 Healthcare Vertical To Exhibit Highest Cagr In Iris Recognition Marketduring Forecast Period
Table 73 Iris Recognition Market, By Vertical, 2018–2021 (Usd Million)
Table 74 Iris Recognition Market, By Vertical, 2022–2027 (Usd Million)
9.2 Government
9.2.1 Increasing Government Initiatives For Public Safety To Boost Demand Forbiometrics Solutions
Figure 44 North America To Hold Largest Share Of Market For Governmentvertical Throughout Forecast Period
Table 75 Government: Iris Recognition Market, By Region, 2018–2021 (Usdmillion)
Table 76 Government: Iris Recognition Market, By Region, 2022–2027 (Usdmillion)
Table 77 Government: Iris Recognition Market, By Application, 2018–2021 (Usdmillion)
Table 78 Government: Iris Recognition Market, By Application, 2022–2027 (Usdmillion)
9.3 Military & Defense
9.3.1 Concerns Regarding National Security, Security Of Armed Forces, Andmonitoring Of Individuals To Fuel Demand For Iris Recognition Technology
Figure 45 Military & Defense Vertical In North America To Maintain Largestmarket Share During Forecast Period
Table 79 Military & Defense: Iris Recognition Market, By Region, 2018–2021 (Usdmillion)
Table 80 Military & Defense: Iris Recognition Market, By Region, 2022–2027 (Usdmillion)
Table 81 Military & Defense: Iris Recognition Market, By Application, 2018–2021(Usd Million)
Table 82 Military & Defense: Iris Recognition Market, By Application, 2022–2027(Usd Million)
9.4 Healthcare
9.4.1 Rising Adoption Of Biometrics In Patient Identification, Patient Security, Andstaff Attendance Tracking Applications To Push Market Growth
Figure 46 Healthcare Vertical In North America To Maintain Largest Marketshare During Forecast Period
Table 83 Healthcare: Iris Recognition Market, By Region, 2018–2021 (Usd Million)
Table 84 Healthcare: Iris Recognition Market, By Region, 2022–2027 (Usd Million)
Table 85 Healthcare: Iris Recognition Market, By Application, 2018–2021 (Usdmillion)
Table 86 Healthcare: Iris Recognition Market, By Application, 2022–2027 (Usdmillion)
9.5 Banking & Finance
9.5.1 Utilization Of Iris Recognition Systems To Address Security Challenges Tofoster Market Growth
Figure 47 Banking & Finance Vertical In North America To Maintain Largestmarket Share During Forecast Period
Table 87 Banking & Finance: Iris Recognition Market, By Region, 2018–2021 (Usdmillion)
Table 88 Banking & Finance: Iris Recognition Market, By Region, 2022–2027 (Usdmillion)
Table 89 Banking & Finance: Iris Recognition Market, By Application, 2018–2021(Usd Million)
Table 90 Banking & Finance: Iris Recognition Market, By Application, 2022–2027(Usd Million)
9.6 Consumer Electronics
9.6.1 Increasing Deployment Of Iris Recognition Technology In Laptops Toaccelerate Market Growth
Figure 48 Consumer Electronics Vertical In Asia Pacific To Maintain Largestmarket Share During Forecast Period
Table 91 Consumer Electronics: Iris Recognition Market, By Region, 2018–2021(Usd Million)
Table 92 Consumer Electronics: Iris Recognition Market, By Region, 2022–2027(Usd Million)
Table 93 Consumer Electronics: Iris Recognition Market, By Application, 2018–2021 (Usd Million)
Table 94 Consumer Electronics: Iris Recognition Market, By Application, 2022–2027 (Usd Million)
9.7 Travel & Immigration
9.7.1 Increasing Penetration Of E-Passport Programs Worldwide To Widen Scopeof Iris Recognition Technology
Figure 49 Travel And Immigration Vertical In North America To Maintainlargest Market Share During Forecast Period
Table 95 Travel And Immigration: Iris Recognition Market, By Region, 2018–2021(Usd Million)
Table 96 Travel And Immigration: Iris Recognition Market, By Region, 2022–2027(Usd Million)
Table 97 Travel And Immigration: Iris Recognition Market, By Application, 2018–2021 (Usd Million)
Table 98 Travel And Immigration: Iris Recognition Market, By Application, 2022–2027 (Usd Million)
9.8 Automotive
9.8.1 Europe To Continue To Hold Largest Size Of Iris Recognition Market Forautomotive Vertical During Forecast Period
Figure 50 Automotive Vertical In Europe To Maintain Largest Market Shareduring Forecast Period
Table 99 Automotive: Iris Recognition Market, By Region, 2018–2021 (Usd Million)
Table 100 Automotive: Iris Recognition Market, By Region, 2022–2027 (Usdmillion)
Table 101 Automotive: Iris Recognition Market, By Application, 2018–2021 (Usdmillion)
Table 102 Automotive: Iris Recognition Market, By Application, 2022–2027 (Usdmillion)
9.9 Others
Figure 51 Other Verticals In North America To Maintain Largest Market Shareduring Forecast Period
Table 103 Others: Iris Recognition Market, By Region, 2018–2021 (Usd Million)
Table 104 Others: Iris Recognition Market, By Region, 2022–2027 (Usd Million)
Table 105 Others: Iris Recognition Market, By Application, 2018–2021 (Usd Million)
Table 106 Others: Iris Recognition Market, By Application, 2022–2027 (Usd Million)

10 Geographic Analysis
10.1 Introduction
Figure 52 Iris Recognition Market In India To Grow At Highest Cagr Duringforecast Period
Figure 53 Iris Recognition Market, By Region
Table 107 Iris Recognition Market, By Region, 2018–2021 (Usd Million)
Table 108 Iris Recognition Market, By Region, 2022–2027 (Usd Million)
10.2 North America
Figure 54 North America: Iris Recognition Market Snapshot
Figure 55 Us To Hold Largest Share Of Iris Recognition Market In North Americain 2027
Table 109 North America: Iris Recognition Market, By Country, 2018–2021 (Usdmillion)
Table 110 North America: Iris Recognition Market, By Country, 2022–2027 (Usdmillion)
Table 111 North America: Iris Recognition Market, By Vertical, 2018–2021 (Usdmillion)
Table 112 North America: Iris Recognition Market, By Vertical, 2022–2027 (Usdmillion)
Table 113 North America: Iris Recognition Market, By Product, 2018–2021 (Usdmillion)
Table 114 North America: Iris Recognition Market, By Product, 2022–2027 (Usdmillion)
10.2.1 Us
10.2.1.1 Increasing Concerns Regarding National Security, Crime, And Terrorism To Augment Demandfor Iris Recognition
10.2.2 Canada
10.2.2.1 Rising Demand For Iris Recognition Systems In Government, And Travel And Immigrationverticals To Drive Market
10.2.3 Mexico
10.2.3.1 Growing Need For Safety And Security In Various Verticals To Boost Market Growth
10.3 Europe
Figure 56 Europe: Iris Recognition Market Snapshot
Figure 57 Germany To Hold Largest Share Of Iris Recognition Market In Europe In2027
Table 115 Europe: Iris Recognition Market, By Country, 2018–2021 (Usd Million)
Table 116 Europe: Iris Recognition Market, By Country, 2022–2027 (Usd Million)
Table 117 Europe: Iris Recognition Market, By Vertical, 2018–2021 (Usd Million)
Table 118 Europe: Iris Recognition Market, By Vertical, 2022–2027 (Usd Million)
Table 119 Europe: Iris Recognition Market, By Product, 2018–2021 (Usd Million)
Table 120 Europe: Iris Recognition Market, By Product, 2022–2027 (Usd Million)
10.3.1 Germany
10.3.1.1 Increasing Adoption Of Biometric Technology By Government And Travel And Immigration
10.3.2 Italy
10.3.2.1 Rapid Deployment Of Iris Recognition By Government Vertical
10.3.3 France
10.3.3.1 Rising Inter-Country Political Disputes To Boost Demand
10.3.4 Uk
10.3.4.1 Growing Initiatives By Government Such As Iris Recognition Immigration System
10.3.5 Rest Of Europe
10.4 Asia Pacific
Figure 58 Asia Pacific: Iris Recognition Market Snapshot
Figure 59 China To Hold Largest Share Of Iris Recognition Market In Asia Pacific In2027
Table 121 Asia Pacific: Iris Recognition Market, By Country, 2018–2021 (Usd Million)
Table 122 Asia Pacific: Iris Recognition Market, By Country, 2022–2027 (Usd Million)
Table 123 Asia Pacific: Iris Recognition Market, By Vertical, 2018–2021 (Usd Million)
Table 124 Asia Pacific: Iris Recognition Market, By Vertical, 2022–2027 (Usd Million)
Table 125 Asia Pacific: Iris Recognition Market, By Product, 2018–2021 (Usd Million)
Table 126 Asia Pacific: Iris Recognition Market, By Product, 2022–2027 (Usd Million)
10.4.1 China
10.4.1.1 Presence Of Manufacturing Plants Of Several Leading Providers Of Consumer Electronics Todrive Market
10.4.2 South Korea
10.4.2.1 Thriving Consumer Electronics Industry To Propel Market Growth
10.4.3 Japan
10.4.3.1 Increasing Security Concerns To Drive Market Growth
10.4.4 India
10.4.4.1 Growing Focus Of Government To Provide Advanced And Upgraded Services To Citizens Toaccelerate Market Growth
10.4.5 Rest Of Asia Pacific
10.5 Row
Figure 60 Row: Iris Recognition Market Snapshot
Figure 61 Middle East To Hold Largest Share Of Iris Recognition Market In Row In2027
Table 127 Row: Iris Recognition Market, By Region, 2018–2021 (Usd Million)
Table 128 Row: Iris Recognition Market, By Region, 2022–2027 (Usd Million)
Table 129 Row: Iris Recognition Market, By Vertical, 2018–2021 (Usd Million)
Table 130 Row: Iris Recognition Market, By Vertical, 2022–2027 (Usd Million)
Table 131 Row: Iris Recognition Market, By Product, 2018–2021 (Usd Million)
Table 132 Row: Iris Recognition Market, By Product, 2022–2027 (Usd Million)
10.5.1 Middle East & Africa
10.5.1.1 Increasing Government Support To Automate Border-Crossing Processes
10.5.2 Africa
10.5.2.1 Growing Investments In Automation And Ai Technologies
10.5.3 South America
10.5.3.1 Rising Security Spending, Cybercrimes, And Face & Iris Recognition Adoption In Airports

11 Competitive Landscape
11.1 Introduction
11.2 Strategies Adopted By Key Players/Right To Win
Table 133 Overview Of Strategies Deployed By Key Players In Iris Recognitionmarket
11.2.1 Product Portfolio
11.2.2 Regional Focus
11.2.3 Organic/Inorganic Growth Strategies
11.3 Market Share Analysis, 2021
Table 134 Iris Recognition Market: Degree Of Competition
11.4 Revenue Analysis Of Top Players In Iris Recognition Market
Figure 62 Five-Year Revenue Analysis Of Top Players In Iris Recognition Market
11.5 Company Evaluation Quadrant
11.5.1 Stars
11.5.2 Pervasive Players
11.5.3 Emerging Leaders
11.5.4 Participants
Figure 63 Iris Recognition Market: Company Evaluation Quadrant, 2021
11.6 Startup/Sme Evaluation Quadrant
11.6.1 Progressive Companies
11.6.2 Responsive Companies
11.6.3 Dynamic Companies
11.6.4 Starting Blocks
Figure 64 Iris Recognition Market (Global): Startup/Sme Evaluationquadrant, 2021
11.7 Company Footprint
Table 135 Company Footprint
Table 136 Component Footprint Of Companies
Table 137 Application Footprint Of Companies
Table 138 Product Footprint Of Companies
Table 139 Vertical Footprint Of Companies
Table 140 Regional Footprint Of Companies
11.8 Competitive Benchmarking
Table 141 Iris Recognition Market: Detailed List Of Key Startups/Smes
Table 142 Iris Recognition Market: Competitive Benchmarking Of Keystartups/Smes
11.9 Competitive Scenarios And Trends
11.9.1 Product Launches
Table 143 Iris Recognition Market: Product Launches, January 2018–May 2022
11.9.2 Deals
Table 144 Iris Recognition Market: Deals, January 2018–May 2022

12 Company Profiles
(Business Overview, Products Offered, Recent Developments, And Mnm View (Key Strengths/Right To Win,Strategic Choices Made, And Weaknesses And Competitive Threats))*
12.1 Key Players
12.1.1 Thales
Table 145 Thales: Company Overview
Figure 65 Thales: Company Snapshot
12.1.2 Idemia
Table 146 Idemia: Business Overview
Figure 66 Idemia: Company Snapshot
12.1.3 Hid Global Corporation
Table 147 Hid Global Corporation: Business Overview
12.1.4 Eyelock Llc
Table 148 Eyelock Llc: Business Overview
12.1.5 Nec Corporation
Table 149 Nec Corporation: Business Overview
Figure 67 Nec Corporation: Company Snapshot
12.1.6 Iritech, Inc.
Table 150 Iritech, Inc.: Business Overview
12.1.7 Irisguard Ltd.
Table 151 Irisguard Ltd: Business Overview
12.1.8 Iris Id, Inc.
Table 152 Iris Id, Inc.: Business Overview
12.1.9 Princeton Identity
Table 153 Princeton Identity: Business Overview
Table 154 Princeton Identity: Product Launches
12.1.10 Cmi Tech
Table 155 Cmi Tech: Business Overview
12.1.11 Unisys Corporation
Table 156 Unisys Corporation: Business Overview
Table 157 Unisys Corporation: Product Launches
12.2 Other Players
12.2.1 Bioenable Technologies
12.2.2 4g Identity Solutions
12.2.3 Bi² Technologies
12.2.4 Mantra Softech
12.2.5 Aware, Inc.
12.2.6 Neurotechnology
12.2.7 Dermalog Identification Systems
12.2.8 Bioid
12.2.9 Sri International
12.2.10 M2sys Technology
12.2.11 Tascent
12.2.12 Aditech Ltd
12.2.13 Biolink Solutions
12.2.14 Shanghai Pixsur Smart Technology Co., Ltd.
12.2.15 Anviz Global Inc.
*Details On Business Overview, Products Offered, Recent Developments, And Mnm View (Key Strengths/Right Towin, Strategic Choices Made, And Weaknesses And Competitive Threats) Might Not Be Captured In Case Ofunlisted Companies.

13 Appendix
13.1 Insights Of Industry Experts
13.2 Discussion Guide
13.3 Knowledgestore: Marketsandmarkets’ Subscription Portal
13.4 Customization Options
13.5 Related Reports
13.6 Author Details

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