Iris Recognition Market Size to Grow by USD 1.33 billion | Government to be Largest Revenue-generating End-user | Technavio
04 Jul 2022
NEW YORK, July 4, 2022 /PRNewswire/ -- Iris recognition is a biometric authentication technology that captures an image of the eye pattern, converts the iris image to a binary template, and then saves the data to a server for the future to match the identity of an individual. Some of the major features of this technology include contactless, fast, accurate, operating at long distances, stable, non-invasive, and hygienic.
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Source: PRNewswire
Technavio has announced its latest market research report titled Iris Recognition Market by End-user and Geography - Forecast and Analysis 2021-2025
The iris recognition market size is expected to grow by USD 1.33 bn from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 16.41% during the forecast period, according to Technavio.
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Iris Recognition Market 2021-2025 : Scope
The iris recognition market report covers the following areas:
Iris Recognition Market size
Iris Recognition Market trends
Iris Recognition Market industry analysis
Iris Recognition Market 2021-2025 : Five Forces Analysis
Bargaining power of buyers: The global iris recognition market has several regional and international vendors that offer iris recognition at competitive prices. This gives buyers plenty of bargaining power. However, moderate product differentiation and low purchase cost reduction due to the low profitability of buyers will make the bargaining power of buyers moderate during the forecast period.
Iris Recognition Market 2021-2025 : Segmentation
End User
Government
Transportation
Healthcare
Others
Geography
Europe
North America
South America
Learn more about the contribution of each segment of the market.
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Iris Recognition Market 2021-2025 : Revenue-generating End-user segment
The
government segment will have significant market share growth during the forecast period. Governments across the world are adopting iris recognition biometric technology due to incidents of violent activities and intrusions. An iris scanner captures a high-resolution image of an individual's eye and ensures accurate real-time identification. Furthermore, the increasing adoption of mobile biometrics in the government sector for law enforcement is increasing the adoption of iris recognition technology. In addition, the need to track employees and the introduction of government initiatives, such as e-passports, border control programs, and e-governance, are fueling the growth of the market.
Iris Recognition Market 2021-2025 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the iris recognition market, including Aware Inc., BioEnable Technologies Pvt. Ltd., EyeLock LLC, Honeywell International Inc., Iris ID Systems Inc., IrisGuard UK Ltd., IRITECH INC., M2SYS Technology, Safran SA, and Thales Group among others.
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Iris Recognition Market 2021-2025 : Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist iris recognition market growth during the next five years
Estimation of the iris recognition market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the iris recognition market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of iris recognition market vendors
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Table Of Contents :
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis: Communications equipment
3 Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
(%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by End-user
5.1 Market segments
Exhibit 15: End-user - Market share 2020-2025 (%)
5.2 Comparison by End-user
Exhibit 16: Comparison by End-user
5.3 Government - Market size and forecast 2020-2025
Exhibit 17: Government - Market size and forecast 2020-2025 ($ million)
Exhibit 18: Government - Year-over-year growth 2020-2025 (%)
5.4 Transportation - Market size and forecast 2020-2025
Exhibit 19: Transportation - Market size and forecast 2020-2025 ($ million)
Exhibit 20: Transportation - Year-over-year growth 2020-2025 (%)
5.5 Healthcare - Market size and forecast 2020-2025
Exhibit 21: Healthcare - Market size and forecast 2020-2025 ($ million)
Exhibit 22: Healthcare - Year-over-year growth 2020-2025 (%)
5.6 Others - Market size and forecast 2020-2025
Exhibit 23: Others - Market size and forecast 2020-2025 ($ million)
Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
5.7 Market opportunity by End-user
Exhibit 25: Market opportunity by End-user
6 Customer landscape
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 27: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 28: Geographic comparison
7.3 APAC - Market size and forecast 2020-2025
Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
7.4 North America - Market size and forecast 2020-2025
Exhibit 31: North America - Market size and forecast 2020-2025 ($ million)
Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
7.5 Europe - Market size and forecast 2020-2025
Exhibit 33: Europe - Market size and forecast 2020-2025 ($ million)
Exhibit 34: Europe - Year-over-year growth 2020-2025 (%)
7.6 South America - Market size and forecast 2020-2025
Exhibit 35: South America - Market size and forecast 2020-2025 ($ million)
Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
7.7 MEA - Market size and forecast 2020-2025
Exhibit 37: MEA - Market size and forecast 2020-2025 ($ million)
Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 39: Key leading countries
7.9 Market opportunity by geography
Exhibit 40: Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
Exhibit 41: Impact of drivers and challenges
8.3 Market trends
9 Vendor Landscape
9.1 Competitive Scenario
9.2 Vendor landscape
Exhibit 42: Vendor landscape
9.3 Landscape disruption
Exhibit 43: Landscape disruption
Exhibit 44: Industry risks
10 Vendor Analysis
10.1 Vendors covered
Exhibit 45: Vendors covered
10.2 Market positioning of vendors
Exhibit 46: Market positioning of vendors
10.3 Aware Inc.
10.4 BI² Technologies
Exhibit 50: BI² Technologies - Overview
Exhibit 51: BI² Technologies - Product and service
Exhibit 52: BI² Technologies - Key offerings
10.5 BioEnable Technologies Pvt. Ltd.
Exhibit 53: BioEnable Technologies Pvt. Ltd. - Overview
Exhibit 54: BioEnable Technologies Pvt. Ltd. - Product and service
Exhibit 55: BioEnable Technologies Pvt. Ltd. - Key offerings
10.6 EyeLock LLC
Exhibit 56: EyeLock LLC - Overview
Exhibit 57: EyeLock LLC - Product and service
Exhibit 58: EyeLock LLC - Key offerings
Exhibit 59: Honeywell International Inc. - Overview
Exhibit 60: Honeywell International Inc. - Business segments
Exhibit 61: Honeywell International Inc. - Key news
Exhibit 62: Honeywell International Inc. - Key offerings
Exhibit 63: Honeywell International Inc. - Segment focus
10.8 Iris ID Systems Inc.
Exhibit 64: Iris ID Systems Inc. - Overview
Exhibit 65: Iris ID Systems Inc. - Product and service
Exhibit 66: Iris ID Systems Inc. - Key offerings
10.9 IrisGuard UK Ltd.
Exhibit 67: IrisGuard UK Ltd. - Overview
Exhibit 68: IrisGuard UK Ltd. - Product and service
Exhibit 69: IrisGuard UK Ltd. - Key offerings
10.10 IRITECH INC.
Exhibit 70: IRITECH INC. - Overview
Exhibit 71: IRITECH INC. - Product and service
Exhibit 72: IRITECH INC. - Key offerings
10.11 M2SYS Technology
Exhibit 73: M2SYS Technology - Overview
Exhibit 74: M2SYS Technology - Product and service
Exhibit 75: M2SYS Technology - Key offerings
10.12 Thales Group
Exhibit 76: Thales Group - Overview
Exhibit 77: Thales Group - Business segments
Exhibit 78: Thales Group - Key news
Exhibit 79: Thales Group - Key offerings
Exhibit 80: Thales Group - Segment focus
11.1 Scope of the report
11.2 Currency conversion rates for US$
Exhibit 81: Currency conversion rates for US$
11.3 Research methodology
Exhibit 82: Research Methodology
Exhibit 83: Validation techniques employed for market sizing
Exhibit 84: Information sources
11.4 List of abbreviations
Exhibit 85: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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