Market Overview:
The global iris scanners market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for iris scanners in commercial and residential applications, and the growing adoption of iris scanning technology in industry applications. In terms of type, the portable segment is expected to witness higher growth during the forecast period as compared to other segments, owing to its low cost and easy portability. By application, commercial applications are expected to account for a larger share of the global iris scanners market during the forecast period. This can be attributed primarily to rising demand for biometric authentication solutions in retail stores and other commercial establishments for security purposes.
Product Definition:
Iris scanners are devices that use a camera to capture an image of the iris, which is the colored part of the eye. The image is then analyzed to identify certain characteristics, such as patterns and colors. Iris scanners are used for security purposes, such as biometric authentication or identification.
Portable:
Portable Iris scanners are the devices that help in scanning irises of individuals for identification purposes. These devices have witnessed a tremendous growth in recent years owing to their high accuracy and reliability. The technology is rapidly evolving, leading to new product launches with advanced features and better performance at affordable prices. Iris scanners are used by law enforcement agencies as well as private enterprises such as banks, casinos, transportation companies among others for security purposes.
Desktop:
Desktop is the primary device used in Iris scanners. It is a portable or fixed unit that helps in scanning and capturing images of an individual. The desktop consists of hardware components such as a camera, light source, monitor and speakers for communication with the software application installed on the computer which helps to scan an individual’s iris using their photo taken from a database.
Application Insights:
The others segment includes government applications, transportation and logistics, healthcare, hospitality and leisure. The commercial sector accounted for the largest share in 2017 owing to increasing adoption of these devices across banking institutions, retail stores and airports. Iris scanners are being used to ensure secure access across educational institutes as well as corporate offices.
Residential is expected to be the fastest-growing application segment over the forecast period owing to high demand for iris-based authentication solutions among home security systems manufacturers. Iris scanners have been integrated into smart home security systems that use biometric technologies such as facial recognition or voice recognition instead of traditional passwords or PIN codes. These systems enhance overall safety by providing an additional layer of protection against intruders while also eliminating Forgotten Password Syndrome (FPS).
Regional Analysis:
North America dominated the global iris scanners market in 2017. The growing adoption of biometric technologies, government mandates for the implementation of such systems, and high number of vendors offering these devices are some major factors contributing to its large share. Furthermore, increasing cases of identity theft have led to a rise in demand for secure access control systems; as a result, vendors are focusing on developing robust solutions that can provide complete protection from cyber-attacks.
The Asia Pacific is expected to emerge as the fastest-growing region over the forecast period owing to rapid urbanization and increasing population across key markets including China and India. These countries have been witnessing an increase in terrorist activities; hence there is a need for effective security measures such as iris recognition technology that helps prevent illegal entry into secured areas or committing crimes within it.
Growth Factors:
- Increasing demand for iris scanners in the government sector for national ID programs and secure authentication purposes.
- The increasing demand from the commercial sector for iris scanning technology to be used in various applications such as time and attendance tracking, access control, and customer identification.
- The growing popularity of iris scanning technology among consumers due to its accuracy, convenience, and security features.
- The increasing use of iris scanners in healthcare facilities for patient identification and verification purposes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Iris Scanners Market Research Report
By Type
Portable, Desktop
By Application
Residential, Commercial, Industry, Others
By Companies
Thales Group (Gemalto), Samsung Electronics, LG, Panasonic, HID Global, Iris ID, Morpho, M2SYS, DERMALOG, OSRAM, Thales Group (Gemalto), BioID Technologies Limited, BioEnable, Mantra Softech, CMITech
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
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Iris Scanners Market Report Segments:
The global Iris Scanners market is segmented on the basis of:
Types
Portable, Desktop
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, Commercial, Industry, 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:
- Thales Group (Gemalto)
- Samsung Electronics
- LG
- Panasonic
- HID Global
- Iris ID
- Morpho
- M2SYS
- DERMALOG
- OSRAM
- Thales Group (Gemalto)
- BioID Technologies Limited
- BioEnable
- Mantra Softech
- CMITech
Highlights of The Iris Scanners 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:
- Portable
- Desktop
- By Application:
- Residential
- Commercial
- Industry
- 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 Scanners 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 scanners are a type of security device that use infrared light to identify objects. They can be used at airports, stadiums, and other places where security is important.
Some of the key players operating in the iris scanners market are Thales Group (Gemalto), Samsung Electronics, LG, Panasonic, HID Global, Iris ID, Morpho, M2SYS, DERMALOG, OSRAM, Thales Group (Gemalto), BioID Technologies Limited, BioEnable, Mantra Softech, CMITech.
The iris scanners 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 Iris Scanners 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 Scanners Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Iris Scanners 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 Scanners 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 Scanners Market Size & Forecast, 2018-2028
4.5.1 Iris Scanners Market Size and Y-o-Y Growth
4.5.2 Iris Scanners Market Absolute $ Opportunity
Chapter 5 Global Iris Scanners 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 Iris Scanners Market Size Forecast by Type
5.2.1 Portable
5.2.2 Desktop
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Iris Scanners 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 Iris Scanners Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Iris Scanners 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 Scanners 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 Iris Scanners Analysis and Forecast
9.1 Introduction
9.2 North America Iris Scanners 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 Iris Scanners Market Size Forecast by Type
9.6.1 Portable
9.6.2 Desktop
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 Iris Scanners Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industry
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 Iris Scanners Analysis and Forecast
10.1 Introduction
10.2 Europe Iris Scanners 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 Iris Scanners Market Size Forecast by Type
10.6.1 Portable
10.6.2 Desktop
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 Iris Scanners Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industry
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 Iris Scanners Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Iris Scanners 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 Iris Scanners Market Size Forecast by Type
11.6.1 Portable
11.6.2 Desktop
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 Iris Scanners Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industry
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 Iris Scanners Analysis and Forecast
12.1 Introduction
12.2 Latin America Iris Scanners 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 Iris Scanners Market Size Forecast by Type
12.6.1 Portable
12.6.2 Desktop
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 Iris Scanners Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industry
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) Iris Scanners Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Iris Scanners 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) Iris Scanners Market Size Forecast by Type
13.6.1 Portable
13.6.2 Desktop
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) Iris Scanners Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industry
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 Iris Scanners Market: Competitive Dashboard
14.2 Global Iris Scanners Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thales Group (Gemalto)
14.3.2 Samsung Electronics
14.3.3 LG
14.3.4 Panasonic
14.3.5 HID Global
14.3.6 Iris ID
14.3.7 Morpho
14.3.8 M2SYS
14.3.9 DERMALOG
14.3.10 OSRAM
14.3.11 Thales Group (Gemalto)
14.3.12 BioID Technologies Limited
14.3.13 BioEnable
14.3.14 Mantra Softech
14.3.15 CMITech
