The Europe IRIS Scanner Market would witness market growth of 10.2% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 864.3 thousand units, showcasing a growth of 9.8% (2019-2022).
The market is significantly stimulated by government agencies' rising use of iris scanners. Government agencies have enhanced the reliability of their identification and authentication systems by incorporating iris scanning technology. In addition, new agreements and contracts with government entities are anticipated to expand the market. Implementing iris scanning in border control and travel operations creates a substantial market opportunity for iris scanners, allowing quick and highly secure identification verification for global travelers and beyond.
The iris scanner operates by projecting a light beam into the eye and then capturing an image of the iris using a camera. Software is then used to extract the unique patterns of the iris from the image. These patterns are subsequently recorded in a database and used to identify the individual. Iris scanning has a reputation for being highly accurate and secure. It is believed that the patterns within the iris are even more unique than fingerprints. When strict security measures are necessary, such as in border control and secure access control systems, these technologies are frequently used in these applications.
The UK's military needs robust security measures, and iris scanning can help ensure only authorized personnel gain access. Iris scanning systems can be integrated into existing security infrastructure and systems, ensuring compatibility and ease of implementation for the military and defense sector in the UK. According to the UK Government, with its highly linked supply chains and substantial demand for UK-built cars throughout the region, the European region has benefited the U.K. automotive sector with its varied products, encompassing volume, premium, and niche vehicles. Due to these aspects, the market will grow in the upcoming years.
The Germany market dominated the Europe IRIS Scanner Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $407.5 million by 2030. The UK market is exhibiting a CAGR of 9.2% during (2023 - 2030). Additionally, The France market would experience a CAGR of 11% during (2023 - 2030).
Based on Component, the market is segmented into Hardware, and Software. Based on Industry, the market is segmented into Consumer Electronics, Military & Defense, Healthcare, Travel & Immigration, Automotive, BFSI, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global IRIS Scanner Market will Hit $6.4 Billion by 2030, at a CAGR of 10.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dermalog Identification Systems GmbH, M2SYS Technology, ams-OSRAM AG. eyeLock LLC (VOXX International Corporation), Princeton Identity, Inc., CMITech Co, Ltd., HID Global Corporation (Assa Abloy AB), Thales Group S.A., Iris ID, Inc. and IrisGuard Ltd.
By Component
By Industry (Volume, Thousand Units, USD Million/Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Million/Billion, 2019-2030)
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