Global Iris Recognition Market Growth (Status and Outlook) 2023-2029

Global Iris Recognition Market Growth (Status and Outlook) 2023-2029

Iris recognition technology is based on the iris in the eyes for identification, applied to security equipment (such as access control), and places with high confidentiality requirements.

LPI (LP Information)' newest research report, the “Iris Recognition Industry Forecast” looks at past sales and reviews total world Iris Recognition sales in 2022, providing a comprehensive analysis by region and market sector of projected Iris Recognition sales for 2023 through 2029. With Iris Recognition sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Iris Recognition industry.

This Insight Report provides a comprehensive analysis of the global Iris Recognition landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Iris Recognition portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Iris Recognition market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Iris Recognition and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Iris Recognition.

The global Iris Recognition market size is projected to grow from US$ 1963.7 million in 2022 to US$ 3317.7 million in 2029; it is expected to grow at a CAGR of 7.8% from 2023 to 2029.

The iris recognition market is expected to grow at a rapid pace in most of the regions in the world due to growing concerns of every country towards the safety and security of citizens and the focus of players for incorporating the technology in various application areas such as government, military & defense, healthcare, banking & finance, consumer electronics, travel & immigration, and so on.

This report presents a comprehensive overview, market shares, and growth opportunities of Iris Recognition market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Hardware
Software

Segmentation by application
Military, defense
medical
Banking, finance
Consumer electronics
Administration of travel and national entry and exit
The car
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
3M
IRIS ID
IRITECH
BIOENABLE TECHNOLOGIES
SRI INTERNATIONAL
SAFRAN
SMARTMATIC
IRISGUARD
CROSSMATCH TECHNOLOGIES
EYELOCK

Please note: The report will take approximately 2 business days to prepare and deliver.