Market Overview:
The global biometric identification lens market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for advanced security and identification systems across various industries, such as banking and finance, healthcare, transportation, and government. In addition, the growing adoption of biometric authentication by consumers for secure access to personal data is also contributing to the growth of this market. Based on type, the global biometric identification lens market can be segmented into optical zoom lenses and digital zoom lenses. Optical zoom lenses are witnessing a higher demand due their superior image quality as compared to digital zoom lenses. Based on application, the global biometric identification lens market can be segmented into iris recognition systems, eye-tracking systems, vein recognition systems,, and others (fingerprint recognition system). Iris recognition is currently one of the most popular applications for biometric authentication due its high accuracy levels; it is expected that this trend will continue duringthe forecast period. However,.
Product Definition:
A biometric identification lens is a device that captures and records the unique physical characteristics of an individual. These characteristics can include fingerprints, iris scans, or facial features. The information captured by the lens can be used to identify or verify the identity of the individual. The use of biometric identification lenses is becoming increasingly common in security-sensitive settings, such as airports and government facilities.
Optical Zoom:
Optical zoom is a technique, which involves enlarging the image by digitally increasing its resolution. The optical zoom can be differentiated from digital zooming as the former uses optics while latter does not. Optical Zoom in Biometric Identification Lens (OZBLL) provides an advantage over traditional OZ systems as it allows for high-resolution images and features enhanced identification accuracy and reliability.
The global Biometric Identification lens market size was valued at USD 648 million in 2016.
Digital Zoom:
The digital zoom is a technique, which involves enlarging the subject on the camera lens to get closer details. The digital zoom can be used in various applications such as surveillance, telecommunication and biometric identification lenses. Biometric identification lens market has witnessed significant growth over the past few years owing to increasing security concerns among people and government agencies at global level. For instance; according to National Crime Records Bureau (NCRB), India recorded around 1,000 rapes per month between 2012-2016.
Application Insights:
The vein recognition application segment is expected to witness the fastest growth over the forecast period. The increasing use of vein recognition biometric authentication systems at medical facilities and government offices is anticipated to drive the demand for these lenses. Iris Recognition application segment held a significant share in 2015, which is expected to decline gradually over next seven years due to increased adoption of iris-based authentication systems. However, this technology holds great potential and its adoption will be gradual as compared with other technologies such as eye-tracking or vein recognition.
Eye-tracking technology has been gaining popularity since past few years owing to its ability not only identify individuals but also prevent spoof attacks thereby making it an ideal choice for security applications such as access control or attendance tracking among others.
Regional Analysis:
The market in Asia Pacific is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing government initiatives and rising adoption of biometric identification systems by various organizations such as banks, airports, railway stations, etc. for security purposes. Increasing number of bank accounts has led to an increase in the demand for ID verification across countries such as India and China which has triggered the market growth in this region.
Countries including Australia are using face recognition technology that will help them identify any criminal or terrorist with greater accuracy and speed than ever before possible making it one of the most reliable tools available for law enforcement agencies globally’s efforts have been successful thus far but there is always a risk that it could fall into disuse or even be misused by those who would misuse these systems would go unnoticed which makes it all important that these systems are used ethically and lawfully around the world.
Growth Factors:
- Increasing demand for biometric identification for security purposes
- Proliferation of smartphones and other portable devices with fingerprint sensors
- Advances in optical technology and miniaturization that make biometric identification lenses more affordable and compact
- Growing use of cloud-based authentication services that require biometric verification
- Regulatory mandates requiring the use of biometrics for identity verification
Scope Of The Report
Report Attributes
Report Details
Report Title
Biometric Identification Lens Market Research Report
By Type
Optical Zoom, Digital Zoom, Other
By Application
Iris Recognition, Eye-tracking, Vein Recognition, Others
By Companies
Sunny Optical Technology, Costar Group, Zhejiang Crystal-Optech, OFILM Group, RICOM, Leica, Asia Optical, Optron-Tec, LG Innotek, Semco, Foxconn, Luxvisions, Primax, Chicony, Cowell, Partron
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Biometric Identification Lens Market Report Segments:
The global Biometric Identification Lens market is segmented on the basis of:
Types
Optical Zoom, Digital Zoom, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Iris Recognition, Eye-tracking, Vein Recognition, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sunny Optical Technology
- Costar Group
- Zhejiang Crystal-Optech
- OFILM Group
- RICOM
- Leica
- Asia Optical
- Optron-Tec
- LG Innotek
- Semco
- Foxconn
- Luxvisions
- Primax
- Chicony
- Cowell
- Partron
Highlights of The Biometric Identification Lens Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Optical Zoom
- Digital Zoom
- Other
- By Application:
- Iris Recognition
- Eye-tracking
- Vein Recognition
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Biometric Identification Lens Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A biometric identification lens is a contact lens that uses facial recognition technology to identify individuals. The lens captures and stores an individual's facial features, which can be used to unlock devices or access secure areas.
Some of the major players in the biometric identification lens market are Sunny Optical Technology, Costar Group, Zhejiang Crystal-Optech, OFILM Group, RICOM, Leica, Asia Optical, Optron-Tec, LG Innotek, Semco, Foxconn, Luxvisions, Primax, Chicony, Cowell, Partron.
The biometric identification lens market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biometric Identification Lens Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Biometric Identification Lens Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Biometric Identification Lens Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Biometric Identification Lens Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Biometric Identification Lens Market Size & Forecast, 2020-2028
4.5.1 Biometric Identification Lens Market Size and Y-o-Y Growth
4.5.2 Biometric Identification Lens Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Optical Zoom
5.2.2 Digital Zoom
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Iris Recognition
6.2.2 Eye-tracking
6.2.3 Vein Recognition
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biometric Identification Lens Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Biometric Identification Lens Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Optical Zoom
9.6.2 Digital Zoom
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Iris Recognition
9.10.2 Eye-tracking
9.10.3 Vein Recognition
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Optical Zoom
10.6.2 Digital Zoom
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Iris Recognition
10.10.2 Eye-tracking
10.10.3 Vein Recognition
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Optical Zoom
11.6.2 Digital Zoom
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Iris Recognition
11.10.2 Eye-tracking
11.10.3 Vein Recognition
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Optical Zoom
12.6.2 Digital Zoom
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Iris Recognition
12.10.2 Eye-tracking
12.10.3 Vein Recognition
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Optical Zoom
13.6.2 Digital Zoom
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Iris Recognition
13.10.2 Eye-tracking
13.10.3 Vein Recognition
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Biometric Identification Lens Market: Competitive Dashboard
14.2 Global Biometric Identification Lens Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sunny Optical Technology
14.3.2 Costar Group
14.3.3 Zhejiang Crystal-Optech
14.3.4 OFILM Group
14.3.5 RICOM
14.3.6 Leica
14.3.7 Asia Optical
14.3.8 Optron-Tec
14.3.9 LG Innotek
14.3.10 Semco
14.3.11 Foxconn
14.3.12 Luxvisions
14.3.13 Primax
14.3.14 Chicony
14.3.15 Cowell
14.3.16 Partron
