The North America Iris Recognition Market would witness market growth of 15.1% CAGR during the forecast period (2022-2028).
Technology for iris recognition employs mathematical pattern-recognition methods on video images of both irises, wherein intricate random patterns are stable, distinct, and perceptible from particular angles. The market for iris identification is experiencing high demand due to its uniqueness, stability, and security.
The iris pattern is consistent and uses the variety of textures and characteristics found in the iris, including stripes, freckles, coronas, and furrows. They are hence more safe by nature. The market's future looks bright because of potential like the expansion of distribution channels, R&D projects, high demand from the travel and immigration sector, and rising adoption rates in businesses.
Government organisations are also adopting various biometric technologies to reduce cyber threats and streamline system access. For example, one of the first police agencies to adopt iris recognition was the New York City (NYC) Police Department.
Organizations are increasingly using biometrics, giving users another layer of protection to protect themselves, as a result of the significant rise in data breaches in the region across numerous industries. Many governmental organisations have begun using iris scanning technology. For example, the Federal Bureau of Investigation (FBI) depends on its collaborations with local, state, tribal, and federal agencies to create important initiatives like the Next Generation Identification (NGI) systems and the National Crime Information Center (NCIC).
The US market dominated the North America Iris Recognition Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,921.4 million by 2028. The Canada market is poised to grow at a CAGR of 17.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 16.6% during (2022 - 2028).
Based on Application, the market is segmented into Identity Management & Access Control, Time Monitoring and E-Payment. Based on Product, the market is segmented into Scanners, Smartphones, Personal Computers/Laptops, Tablets & Notebooks and Others. Based on Component, the market is segmented into Software and Hardware. Based on Vertical, the market is segmented into Banking & Finance, Consumer Electronics, Military & Defense, Automotive, Government, Travel & Immigration, Healthcare and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Iris Recognition Market is Estimated to reach $8.9 Billion by 2028, at a CAGR of 15.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thales Group S.A., IDEMIA SAS (Advent International, Inc.), NEC Corporation, Aware, Inc., M2SYS Technology, Inc., Unisys Corporation, IrisGuard Ltd., Iris ID, Inc, and Princeton Identity, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Identity Management & Access Control
- Time Monitoring
- E-Payment
By Product
- Scanners
- Smartphones
- Personal Computers/Laptops
- Tablets & Notebooks
- Others
By Component
By Vertical
- Banking & Finance
- Consumer Electronics
- Military & Defense
- Automotive
- Government
- Travel & Immigration
- Healthcare
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Thales Group S.A.
- IDEMIA SAS (Advent International, Inc.)
- NEC Corporation
- Aware, Inc.
- M2SYS Technology, Inc.
- Unisys Corporation
- IrisGuard Ltd.
- Iris ID, Inc
- Princeton Identity, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Iris Recognition Market, by Application
1.4.2 North America Iris Recognition Market, by Product
1.4.3 North America Iris Recognition Market, by Component
1.4.4 North America Iris Recognition Market, by Vertical
1.4.5 North America Iris Recognition Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis – Global
3.1 Market Share Analysis, 2021
Chapter 4. North America Iris Recognition Market by Application
4.1 North America Identity Management & Access Control Market by Country
4.2 North America Time Monitoring Market by Country
4.3 North America E-Payment Market by Country
Chapter 5. North America Iris Recognition Market by Product
5.1 North America Scanners Market by Country
5.2 North America Smartphones Market by Country
5.3 North America Personal Computers/Laptops Market by Country
5.4 North America Tablets & Notebooks Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Iris Recognition Market by Component
6.1 North America Software Market by Country
6.2 North America Hardware Market by Country
Chapter 7. North America Iris Recognition Market by Vertical
7.1 North America Banking & Finance Market by Country
7.2 North America Consumer Electronics Market by Country
7.3 North America Military & Defense Market by Country
7.4 North America Automotive Market by Country
7.5 North America Government Market by Country
7.6 North America Travel & Immigration Market by Country
7.7 North America Healthcare Market by Country
7.8 North America Others Market by Country
Chapter 8. North America Iris Recognition Market by Country
8.1 US Iris Recognition Market
8.1.1 US Iris Recognition Market by Application
8.1.2 US Iris Recognition Market by Product
8.1.3 US Iris Recognition Market by Component
8.1.4 US Iris Recognition Market by Vertical
8.2 Canada Iris Recognition Market
8.2.1 Canada Iris Recognition Market by Application
8.2.2 Canada Iris Recognition Market by Product
8.2.3 Canada Iris Recognition Market by Component
8.2.4 Canada Iris Recognition Market by Vertical
8.3 Mexico Iris Recognition Market
8.3.1 Mexico Iris Recognition Market by Application
8.3.2 Mexico Iris Recognition Market by Product
8.3.3 Mexico Iris Recognition Market by Component
8.3.4 Mexico Iris Recognition Market by Vertical
8.4 Rest of North America Iris Recognition Market
8.4.1 Rest of North America Iris Recognition Market by Application
8.4.2 Rest of North America Iris Recognition Market by Product
8.4.3 Rest of North America Iris Recognition Market by Component
8.4.4 Rest of North America Iris Recognition Market by Vertical
Chapter 9. Company Profiles
9.1 Thales Group S.A.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research and Development Expense
9.2 NEC Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.3 Aware, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Research & Development Expense
9.4 Unisys Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.5 IDEMIA SAS (Advent International, Inc.)
9.5.1 Company Overview
9.6 M2SYS Technology, Inc.
9.6.1 Company Overview
9.7 IrisGuard UK Limited
9.7.1 Company Overview
9.8 Iris ID, Inc.
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.9 Princeton Identity, Inc.
9.9.1 Company Overview
TABLE 1 North America Iris Recognition Market, 2018 - 2021, USD Million
TABLE 2 North America Iris Recognition Market, 2022 - 2028, USD Million
TABLE 3 North America Iris Recognition Market by Application, 2018 - 2021, USD Million
TABLE 4 North America Iris Recognition Market by Application, 2022 - 2028, USD Million
TABLE 5 North America Identity Management & Access Control Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Identity Management & Access Control Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Time Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Time Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 9 North America E-Payment Market by Country, 2018 - 2021, USD Million
TABLE 10 North America E-Payment Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Iris Recognition Market by Product, 2018 - 2021, USD Million
TABLE 12 North America Iris Recognition Market by Product, 2022 - 2028, USD Million
TABLE 13 North America Scanners Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Scanners Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Smartphones Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Smartphones Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Personal Computers/Laptops Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Personal Computers/Laptops Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Tablets & Notebooks Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Tablets & Notebooks Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Iris Recognition Market by Component, 2018 - 2021, USD Million
TABLE 24 North America Iris Recognition Market by Component, 2022 - 2028, USD Million
TABLE 25 North America Software Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Software Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Hardware Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Hardware Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Iris Recognition Market by Vertical, 2018 - 2021, USD Million
TABLE 30 North America Iris Recognition Market by Vertical, 2022 - 2028, USD Million
TABLE 31 North America Banking & Finance Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Banking & Finance Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Consumer Electronics Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Consumer Electronics Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Military & Defense Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Military & Defense Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Automotive Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Automotive Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Government Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Government Market by Country, 2022 - 2028, USD Million
TABLE 41 North America Travel & Immigration Market by Country, 2018 - 2021, USD Million
TABLE 42 North America Travel & Immigration Market by Country, 2022 - 2028, USD Million
TABLE 43 North America Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 44 North America Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 45 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 46 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 47 North America Iris Recognition Market by Country, 2018 - 2021, USD Million
TABLE 48 North America Iris Recognition Market by Country, 2022 - 2028, USD Million
TABLE 49 US Iris Recognition Market, 2018 - 2021, USD Million
TABLE 50 US Iris Recognition Market, 2022 - 2028, USD Million
TABLE 51 US Iris Recognition Market by Application, 2018 - 2021, USD Million
TABLE 52 US Iris Recognition Market by Application, 2022 - 2028, USD Million
TABLE 53 US Iris Recognition Market by Product, 2018 - 2021, USD Million
TABLE 54 US Iris Recognition Market by Product, 2022 - 2028, USD Million
TABLE 55 US Iris Recognition Market by Component, 2018 - 2021, USD Million
TABLE 56 US Iris Recognition Market by Component, 2022 - 2028, USD Million
TABLE 57 US Iris Recognition Market by Vertical, 2018 - 2021, USD Million
TABLE 58 US Iris Recognition Market by Vertical, 2022 - 2028, USD Million
TABLE 59 Canada Iris Recognition Market, 2018 - 2021, USD Million
TABLE 60 Canada Iris Recognition Market, 2022 - 2028, USD Million
TABLE 61 Canada Iris Recognition Market by Application, 2018 - 2021, USD Million
TABLE 62 Canada Iris Recognition Market by Application, 2022 - 2028, USD Million
TABLE 63 Canada Iris Recognition Market by Product, 2018 - 2021, USD Million
TABLE 64 Canada Iris Recognition Market by Product, 2022 - 2028, USD Million
TABLE 65 Canada Iris Recognition Market by Component, 2018 - 2021, USD Million
TABLE 66 Canada Iris Recognition Market by Component, 2022 - 2028, USD Million
TABLE 67 Canada Iris Recognition Market by Vertical, 2018 - 2021, USD Million
TABLE 68 Canada Iris Recognition Market by Vertical, 2022 - 2028, USD Million
TABLE 69 Mexico Iris Recognition Market, 2018 - 2021, USD Million
TABLE 70 Mexico Iris Recognition Market, 2022 - 2028, USD Million
TABLE 71 Mexico Iris Recognition Market by Application, 2018 - 2021, USD Million
TABLE 72 Mexico Iris Recognition Market by Application, 2022 - 2028, USD Million
TABLE 73 Mexico Iris Recognition Market by Product, 2018 - 2021, USD Million
TABLE 74 Mexico Iris Recognition Market by Product, 2022 - 2028, USD Million
TABLE 75 Mexico Iris Recognition Market by Component, 2018 - 2021, USD Million
TABLE 76 Mexico Iris Recognition Market by Component, 2022 - 2028, USD Million
TABLE 77 Mexico Iris Recognition Market by Vertical, 2018 - 2021, USD Million
TABLE 78 Mexico Iris Recognition Market by Vertical, 2022 - 2028, USD Million
TABLE 79 Rest of North America Iris Recognition Market, 2018 - 2021, USD Million
TABLE 80 Rest of North America Iris Recognition Market, 2022 - 2028, USD Million
TABLE 81 Rest of North America Iris Recognition Market by Application, 2018 - 2021, USD Million
TABLE 82 Rest of North America Iris Recognition Market by Application, 2022 - 2028, USD Million
TABLE 83 Rest of North America Iris Recognition Market by Product, 2018 - 2021, USD Million
TABLE 84 Rest of North America Iris Recognition Market by Product, 2022 - 2028, USD Million
TABLE 85 Rest of North America Iris Recognition Market by Component, 2018 - 2021, USD Million
TABLE 86 Rest of North America Iris Recognition Market by Component, 2022 - 2028, USD Million
TABLE 87 Rest of North America Iris Recognition Market by Vertical, 2018 - 2021, USD Million
TABLE 88 Rest of North America Iris Recognition Market by Vertical, 2022 - 2028, USD Million
TABLE 89 key information – Thales Group S.A.
TABLE 90 KEY INFORMATION – NEC Corporation
TABLE 91 Key information – Aware, Inc.
TABLE 92 Key Information – Unisys Corporation
TABLE 93 Key Information – IDEMIA SAS
TABLE 94 Key Information – M2SYS Technology, Inc.
TABLE 95 Key Information – IrisGuard UK Limited
TABLE 96 Key Information – Iris ID, Inc.
TABLE 97 Key Information – Princeton Identity, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Market Share Analysis, 2021