IRIS Scanner Market By Component (Hardware, Software), By Industry Vertical (Consumer electronics, Healthcare, Military and Defense, BFSI, Travel and Immigration, Automotive, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

List of Tables

The iris scanner market was valued at $3,046.65 million in 2022, and is projected to reach $7,978.37 million by 2032, registering a CAGR of 10.2% from 2023 to 2032.

An iris scanner is a device that recognizes people by looking at the detailed patterns in the colored part of their eyes, known as the iris. Iris scanners are known for their accuracy and security methods used to identify individuals.

The integration of iris scanning with smart devices has provided a significant boost to the iris scanner market. It has offered users greater convenience, providing a secure and contactless method for unlocking smartphones and authorizing mobile payments, aligning with the preferences of consumers seeking quick and secure access. Furthermore, this integration has raised awareness among users about the advantages of the technology, potentially leading to increased adoption in various other applications, including access control, time and attendance tracking, and border security. In addition, the decrease in cost of iris scanning technology has made it more affordable for businesses and organizations to implement, further driving market growth. In summary, the integration of iris scanning into smart devices has increased accessibility, convenience, and affordability, resulting in heightened awareness and broader adoption of this technology across various applications, propelling remarkable growth in the iris scanner market.

However, the iris scanner market encounters obstacles as there are not agreed-upon rules that every vendor follows. Diverse iris scanner vendors employ varying protocols and data formats, complicating the seamless functioning of these systems. This makes it hard for different iris scanner systems to work together smoothly. It leads to issues such as data that does not fit together, trouble with communication among different iris scanners, and challenges in creating new ways to use the technology. To fix this, the industry needs to create rules that everyone agrees on so that iris scanners work better together, and the market grows.

Despite facing challenges, the iris scanner market has seized opportunities through technological advancements. Ongoing progress in IRIS scanning technology, marked by enhanced accuracy and quicker recognition speeds, has unlocked new possibilities and broadened the potential applications of this technology. These improvements enhance the performance & reliability of iris scanners and make them more accessible across various domains. As technology becomes more efficient and affordable, it paves the way for fresh opportunities, spanning from enhanced security measures to increased efficiency in everyday tasks.

The iris scanner market is segmented on the basis of component, industry vertical, and region. By component, the market is bifurcated into hardware and software. By industry vertical, the iris scanner industry is fragmented into consumer electronics, healthcare, military and defense, BFSI, travel and immigration, automotive, and others. By region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific) and LAMEA (Latin America, Middle East, and Africa).

The major companies profiled in the report include DERMALOG Identification Systems GmbH, M2SYS Technology, IrisGuard Ltd., ams-OSRAM AG., EyeLock LLC., Princeton Identity, CMITech Company, Ltd., HID Global Corporation, Thales Group, and Iris ID, Inc.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the iris scanner market analysis from 2022 to 2032 to identify the prevailing iris scanner market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the iris scanner market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global iris scanner market trends, key players, market segments, application areas, and market growth strategies.

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Product Benchmarking / Product specification and applications
Product Life Cycles
Supply Chain Analysis & Vendor Margins
Upcoming/New Entrant by Regions
Market share analysis of players by products/segments
New Product Development/ Product Matrix of Key Players
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Market share analysis of players at global/region/country level

Key Market Segments

By Component

Software
Hardware

By Industry Vertical

Consumer electronics
Healthcare
Military and Defense
BFSI
Travel and Immigration
Automotive
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

DERMALOG Identification Systems GmbH
M2SYS Technology
Princeton Identity
HID Global Corporation
Thales Group
IrisGuard Ltd.
EyeLock LLC.
Iris ID, Inc.
ams-OSRAM AG
CMITech Company, Ltd.

Product Code: A08017

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low to moderate threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. Low bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Increased adoption of iris scanner by government organizations
  - 3.4.1.2. Adoption of biometric authentication
- 3.4.2. Restraints
  - 3.4.2.1. Competing biometric technologies
- 3.4.3. Opportunities
  - 3.4.3.1. Border control and travel

CHAPTER 4: IRIS SCANNER MARKET, BY COMPONENT

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Hardware
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Software
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: IRIS SCANNER MARKET, BY INDUSTRY VERTICAL

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Consumer electronics
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Healthcare
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Military and Defense
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. BFSI
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
5.6. Travel and Immigration
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
5.7. Automotive
- 5.7.1. Key market trends, growth factors and opportunities
- 5.7.2. Market size and forecast, by region
- 5.7.3. Market share analysis by country
5.8. Others
- 5.8.1. Key market trends, growth factors and opportunities
- 5.8.2. Market size and forecast, by region
- 5.8.3. Market share analysis by country

CHAPTER 6: IRIS SCANNER MARKET, BY REGION

6.1. Overview
- 6.1.1. Market size and forecast By Region
6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Component
- 6.2.3. Market size and forecast, by Industry Vertical
- 6.2.4. Market size and forecast, by country
  - 6.2.4.1. U.S.
  - 6.2.4.1.1. Market size and forecast, by Component
  - 6.2.4.1.2. Market size and forecast, by Industry Vertical
  - 6.2.4.2. Canada
  - 6.2.4.2.1. Market size and forecast, by Component
  - 6.2.4.2.2. Market size and forecast, by Industry Vertical
  - 6.2.4.3. Mexico
  - 6.2.4.3.1. Market size and forecast, by Component
  - 6.2.4.3.2. Market size and forecast, by Industry Vertical
6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Component
- 6.3.3. Market size and forecast, by Industry Vertical
- 6.3.4. Market size and forecast, by country
  - 6.3.4.1. UK
  - 6.3.4.1.1. Market size and forecast, by Component
  - 6.3.4.1.2. Market size and forecast, by Industry Vertical
  - 6.3.4.2. Germany
  - 6.3.4.2.1. Market size and forecast, by Component
  - 6.3.4.2.2. Market size and forecast, by Industry Vertical
  - 6.3.4.3. France
  - 6.3.4.3.1. Market size and forecast, by Component
  - 6.3.4.3.2. Market size and forecast, by Industry Vertical
  - 6.3.4.4. Rest of Europe
  - 6.3.4.4.1. Market size and forecast, by Component
  - 6.3.4.4.2. Market size and forecast, by Industry Vertical
6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Component
- 6.4.3. Market size and forecast, by Industry Vertical
- 6.4.4. Market size and forecast, by country
  - 6.4.4.1. China
  - 6.4.4.1.1. Market size and forecast, by Component
  - 6.4.4.1.2. Market size and forecast, by Industry Vertical
  - 6.4.4.2. Japan
  - 6.4.4.2.1. Market size and forecast, by Component
  - 6.4.4.2.2. Market size and forecast, by Industry Vertical
  - 6.4.4.3. India
  - 6.4.4.3.1. Market size and forecast, by Component
  - 6.4.4.3.2. Market size and forecast, by Industry Vertical
  - 6.4.4.4. South Korea
  - 6.4.4.4.1. Market size and forecast, by Component
  - 6.4.4.4.2. Market size and forecast, by Industry Vertical
  - 6.4.4.5. Rest of Asia-Pacific
  - 6.4.4.5.1. Market size and forecast, by Component
  - 6.4.4.5.2. Market size and forecast, by Industry Vertical
6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Component
- 6.5.3. Market size and forecast, by Industry Vertical
- 6.5.4. Market size and forecast, by country
  - 6.5.4.1. Latin America
  - 6.5.4.1.1. Market size and forecast, by Component
  - 6.5.4.1.2. Market size and forecast, by Industry Vertical
  - 6.5.4.2. Middle East
  - 6.5.4.2.1. Market size and forecast, by Component
  - 6.5.4.2.2. Market size and forecast, by Industry Vertical
  - 6.5.4.3. Africa
  - 6.5.4.3.1. Market size and forecast, by Component
  - 6.5.4.3.2. Market size and forecast, by Industry Vertical

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2022

CHAPTER 8: COMPANY PROFILES

8.1. DERMALOG Identification Systems GmbH
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
8.2. M2SYS Technology
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
8.3. ams-OSRAM AG
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
8.4. EyeLock LLC.
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Key strategic moves and developments
8.5. Princeton Identity
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Key strategic moves and developments
8.6. CMITech Company, Ltd.
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Key strategic moves and developments
8.7. HID Global Corporation
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. Key strategic moves and developments
8.8. Thales Group
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. Business performance
8.9. Iris ID, Inc.
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Key strategic moves and developments
8.10. IrisGuard Ltd.
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Key strategic moves and developments