Iris Recognition Market 2021 Will Reflect Significant Growth in Future with Size, Share, Growth, and Key Companies Analysis

Global iris recognition market is valued approximately at USD 2 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 13.20% over the forecast period 2019-2026. Iris recognition can be defined as an automated way or method for biometric identification that uses mathematical pattern recognition technique based on video images of both the iris. This technology combines pattern recognition computer vision, optics and statistical inference. Iris recognition technology is widely used for identification, recognition and for authentication purpose. This technology is suitable and widely used in authoritative premises towards reducing incidences of security breaches. Rising adoption of iris technology by different end use industries such as government organization, consumer electronics coupled with surging demand for iris scanners in access control application are key driving factors of market growth.

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Furthermore, increasing use of iris technology in e-passport programs and in automotive industry are also contributing towards market growth. Moreover, integration of cloud computing with iris recognition technology and use in e-commerce industry is expected to create significant growth opportunity in the market over the forecast period. However, fear of privacy intrusion and inconvenience impedes the growth of the market over the forecast period of 2019-2026.

The regional analysis of global iris recognition market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share the presence of prominent players coupled with high investment in R&D activities in the development of advanced technologies. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as growing consumer electronics coupled with would growing occurrences of cybercrime create lucrative growth prospects for the Iris Recognition market across Asia-Pacific region.

Major market player included in this report are:
Thales Group
HID Global
Iris ID
NEC Corporation
Princeton Identity

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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By Component:Hardware
By Vertical:
Military & Defense
Banking & Finance
Consumer Electronics
Travel & Immigration
By Product:
Tablets & Notebooks
Personal Computers/Laptops
By Application:
Time Monitoring

By Region:
North America
Asia Pacific
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Iris Recognition Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Iris Recognition Market, by Region, 2017-2026 (USD Billion)
1.2.2. Iris Recognition Market, by Component, 2017-2026 (USD Billion)
1.2.3. Iris Recognition Market, by Product, 2017-2026 (USD Billion)
1.2.4. Iris Recognition Market, by Application, 2017-2026 (USD Billion)
1.2.5. Iris Recognition Market, by Vertical, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Iris Recognition Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Iris Recognition Market Dynamics
3.1. Iris Recognition Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Iris Recognition Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Iris Recognition Market, by Component
5.1. Market Snapshot
5.2. Global Iris Recognition Market by Component, Performance – Potential Analysis
5.3. Global Iris Recognition Market Estimates & Forecasts by Component 2016-2026 (USD Billion)
5.4. Iris Recognition Market, Sub Segment Analysis
5.4.1. Hardware
5.4.2. Software
Chapter 6. Global Iris Recognition Market, by Vertical
6.1. Market Snapshot
6.2. Global Iris Recognition Market by Vertical, Performance – Potential Analysis
6.3. Global Iris Recognition Market Estimates & Forecasts by Product 2016-2026 (USD Billion)
6.4. Iris Recognition Market, Sub Segment Analysis
6.4.1. Government
6.4.2. Military & Defence
6.4.3. Healthcare
6.4.4. Banking & Finance
6.4.5. Consumer Electronics
6.4.6. Travel & Immigration
6.4.7. Automotive

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