The North America IRIS Scanner Market would witness market growth of 9.0% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,297.4thousand units, showcasing a growth of 8.8% (2019-2022).
An iris scanner is a biometric device that identifies and authenticates individuals based on the unique patterns in their irises, which are the colored portions of the eye that surround the pupils. This biometric authentication method uses a specialized device to capture and analyze the iris patterns. The automated iris scanner captures a high-contrast image of one or both irises using visible and near-infrared light. An iris scanner employs mathematical pattern recognition techniques to capture images of distinct IRIS patterns, which are then analyzed to determine a pattern that encodes information in the iris. These are reliable, precise, and easy for scanning projects. The iris scanner is hygienic because it captures images without contacting the subject's body.
These are simple to use and respond quickly, and the biometric authentication technology they use is extremely secure and challenging to forge. They are employed in the BFSI sector for quicker customer identification, in the smartphone business for biometric authentication, such as in the Samsung Galaxy S8, in the defense industry at borders to identify and provide speedier access to civilians and commodities instantly, and in the defense sector for biometric authentication. Therefore, the market is anticipated to increase significantly in the upcoming years due to these reasons, as well as the substantial demand from the government for several projects and the private sector.
As per the International Trade Administration, the automotive industry in the United States is one of the largest globally. In the United States, 14.5 million light vehicles were sold in 2020. Overall, the United States is the second-largest nation for the production and sale of automobiles in the world. According to Autos Drive America, 5 million vehicles were produced in the U.S. by foreign automakers in 2020. Due to these aspects, the market will grow across the North America region in upcoming years.
The US market dominated the North America IRIS Scanner Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,495.4 million by 2030. The Canada market is experiencing a CAGR of 11.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 10.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The IRIS Scanner Market is Predict to reach $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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