Iris recognition is the technology for identification process which is carried out by gathering one or more detailed images of the iris patterns which remains unique for an individual and does not match with any other person in the world. Iris recognition uses the camera technology with near infrared illumination to capture high resolution-based images of the iris, which are visible externally. Iris recognition is attaining popularity across the world due to key benefits of this technology such as it is accurate, easy to use, and difficult to forge. Occurrences of terrorist attacks, cybercrimes, and other cross-border illegal activities have led to need for implementing the iris recognition technology. Globally acceptance of major governing bodies as a identification process is expected to remain a key growth driver during the period of study.
Geographically North America is expected to account for the largest share of the overall iris recognition market in 2016 due to higher usage of technologies in various practices. North America was followed by Europe and Asia-Pacific as second and third largest market for iris recognition. The market in Asia-Pacific is expected to grow at the highest rate, followed by Europe, because of the extensive R&D carried out by various players in this region that benefits manufacturers in product development. The Asia-Pacific is the fastest-growing region in terms of technological advancement, government initiatives to adopt iris recognition into major programs, and so on. These are the major driving forces of iris recognition market in Asia-Pacific.
This report identifies the global iris recognition market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global iris recognition market.
This report segments global iris recognition market on the basis of type, application, industry, and regional market as follows:
- Iris Recognition Market, By Application: Smartphones, Smart Watches, Tablets & Notebooks, PCs/Laptops, and Scanners
- Iris Recognition Market, By Industry: Government, Military & Defense, Healthcare, Banking & Finance, Consumer Electronics, Travel & Immigration, and Automotive
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the iris recognition market. Some of the major companies’ profiles in detail are as follows:
- 3M Cogent
- Iris Id, Inc.
- Iritech, Inc.
- Bioenable Technologies
- Sri International