Market Overview:
The global iris recognition access control system market is expected to grow at a CAGR of over 16% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for iris recognition technology in various applications such as residential, education, financial, business, hospital and government sectors. In addition, the growing adoption of iris recognition technology in army and other security applications is also propelling the growth of this market. However, high installation and maintenance cost may restrain the growth of this market to some extent during the forecast period.
Product Definition:
Iris recognition is a technology used for biometric identification that uses patterns in the iris of an individual's eye to identify them. It is used as a form of access control and can be used to authorize or deny entry into a building or room, or to authorize the release of information.
Recognition Speed Under 1 Second:
The global recognition speed under 1 second is expected to grow at a CAGR of XX% from 2018 to 2025. The growth can be attributed to the increasing demand for high security systems and biometric technology across various sectors such as BFSI, government, healthcare & life sciences, telecom & IT and others.
Recognition Speed Over 1 Second:
The recognition speed over 1 second is used to measure the accuracy of an iris recognition access control system. The longer the time taken by a biometric sensor to match a stored pattern in its memory, the more accurate and reliable is its recognition. Iris Recognition Access Control System (IRAC-S) uses this concept for verification purposes wherein it checks if two images of eyes are similar or not.
Application Insights:
The others application segment accounted for the largest revenue share of over 30% in 2017. The Iris Recognition Access Control Systems are widely used in government buildings, financial institutions, educational institutes and corporate offices among other public buildings. The growing adoption of iris technology at airports to prevent illegal immigration is expected to drive the growth of this segment over the forecast period.
The residential sector is projected to be one of the fastest-growing segments during the forecast period owing to increasing security concerns among consumers coupled with a rising number of cyberattacks across various sectors including healthcare and financial services resulting in increased awareness about access control systems. Furthermore, easy installation procedures coupled with low maintenance costs are anticipated to further propel market growth during this phase.
Regional Analysis:
North America dominated the global iris recognition access control system market in 2017. This can be attributed to the high adoption of biometric technologies, increasing government initiatives, and stringent regulations imposed by various regulatory bodies such as Federal Bureau of Prisons (BOP), Department of Defense (DoD), and others. The U.S., under the National Security Agency (NSA) has been collecting data from public transportation systems across several American cities for use in pattern analysis without any judicial approval or knowledge since 2001.
The Asia Pacific is expected to emerge as a lucrative region with exponential growth during the forecast period owing to rising government initiatives for implementation of advanced security solutions at a domestic level coupled with growing demand from various end-users located within China and India who are increasingly focusing on adopting secure digital services for their business needs.
Growth Factors:
- Increasing demand for security and safety measures in various industries
- Growing awareness about the benefits of iris recognition technology over other biometric technologies
- Proliferation of smartphones and other portable devices with iris scanning capabilities
- Rising number of government initiatives and regulations for adoption of iris recognition technology
- Technological advancements that are making iris recognition systems more accurate, efficient, and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Iris Recognition Access Control System Market Research Report
By Type
Recognition Speed Under 1 Second, Recognition Speed Over 1 Second
By Application
Residential, Education, Financial, Business, Hospital, Government, Army, Others
By Companies
IDEMIA, Thales Group, CMITech, EyeLock, KT＆C, IrisKing, SUPER RED, Iris ID, IRISIAN, HOMSH, ANVIZ, Iris World
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Iris Recognition Access Control System Market Report Segments:
The global Iris Recognition Access Control System market is segmented on the basis of:
Types
Recognition Speed Under 1 Second, Recognition Speed Over 1 Second
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
Residential, Education, Financial, Business, Hospital, Government, Army, 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:
- IDEMIA
- Thales Group
- CMITech
- EyeLock
- KT＆C
- IrisKing
- SUPER RED
- Iris ID
- IRISIAN
- HOMSH
- ANVIZ
- Iris World
Highlights of The Iris Recognition Access Control System 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:
- Recognition Speed Under 1 Second
- Recognition Speed Over 1 Second
- By Application:
- Residential
- Education
- Financial
- Business
- Hospital
- Government
- Army
- 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 Iris Recognition Access Control System 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?
Iris recognition access control system is a security technology that uses iris scans to identify authorized users. This system can be used to restrict access to areas or devices, or to authorize specific users for certain tasks.
Some of the key players operating in the iris recognition access control system market are IDEMIA, Thales Group, CMITech, EyeLock, KT＆C, IrisKing, SUPER RED, Iris ID, IRISIAN, HOMSH, ANVIZ, Iris World.
The iris recognition access control system market is expected to register a CAGR of 16%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Iris Recognition Access Control System 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 Iris Recognition Access Control System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Iris Recognition Access Control System 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 Iris Recognition Access Control System 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 Iris Recognition Access Control System Market Size & Forecast, 2020-2028
4.5.1 Iris Recognition Access Control System Market Size and Y-o-Y Growth
4.5.2 Iris Recognition Access Control System 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 Recognition Speed Under 1 Second
5.2.2 Recognition Speed Over 1 Second
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 Residential
6.2.2 Education
6.2.3 Financial
6.2.4 Business
6.2.5 Hospital
6.2.6 Government
6.2.7 Army
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Iris Recognition Access Control System 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 Iris Recognition Access Control System 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 Recognition Speed Under 1 Second
9.6.2 Recognition Speed Over 1 Second
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 Residential
9.10.2 Education
9.10.3 Financial
9.10.4 Business
9.10.5 Hospital
9.10.6 Government
9.10.7 Army
9.10.8 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 Recognition Speed Under 1 Second
10.6.2 Recognition Speed Over 1 Second
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 Residential
10.10.2 Education
10.10.3 Financial
10.10.4 Business
10.10.5 Hospital
10.10.6 Government
10.10.7 Army
10.10.8 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 Recognition Speed Under 1 Second
11.6.2 Recognition Speed Over 1 Second
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 Residential
11.10.2 Education
11.10.3 Financial
11.10.4 Business
11.10.5 Hospital
11.10.6 Government
11.10.7 Army
11.10.8 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 Recognition Speed Under 1 Second
12.6.2 Recognition Speed Over 1 Second
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 Residential
12.10.2 Education
12.10.3 Financial
12.10.4 Business
12.10.5 Hospital
12.10.6 Government
12.10.7 Army
12.10.8 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 Recognition Speed Under 1 Second
13.6.2 Recognition Speed Over 1 Second
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 Residential
13.10.2 Education
13.10.3 Financial
13.10.4 Business
13.10.5 Hospital
13.10.6 Government
13.10.7 Army
13.10.8 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 Iris Recognition Access Control System Market: Competitive Dashboard
14.2 Global Iris Recognition Access Control System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IDEMIA
14.3.2 Thales Group
14.3.3 CMITech
14.3.4 EyeLock
14.3.5 KT＆C
14.3.6 IrisKing
14.3.7 SUPER RED
14.3.8 Iris ID
14.3.9 IRISIAN
14.3.10 HOMSH
14.3.11 ANVIZ
14.3.12 Iris World
