Iris Recognition Market by Component (Hardware & Software), Product (Scanner & Others), Application (Access Control & Others), Industry (Travel & Immigration, Military & Defense, & Others) & Geography Global - Forecast to 2020

Iris recognition is a key enabling technology in the biometrics market used for various security and surveillance means in sectors such as government sector, military & defense, healthcare, banking & finance, consumer electronics, travel & immigration, and automotive among others. This has been implemented for identification and authorization purposes. Some of the key advantages of iris recognition technology are its speed of matching, extreme resistance to false matches, and the stability of the iris.

The total iris recognition market is expected to grow from USD 767.22 Million in 2013 to USD 3627.90 Million by 2020 at a CAGR of 23.40% between 2015 and 2020. The application in the government sector accounted for the largest share of the iris recognition market in 2014; the market for the consumer electronics sector is expected to grow at the highest CAGR of 35.18% during the forecast period.

The report focuses on an in-depth segmentation of this market based on components, products, applications, and industries. The geographic segmentation of the report covers four major regions of the world namely, the Americas, Europe, Asia-Pacific, and Rest of the World (RoW). The regional market has been further segmented by country.

This report analyzes the findings by considering the market dynamics. These dynamics are categorized under three headers: drivers, restraints, and opportunities. The market estimation and forecasts have been done based on the market dynamics. The report also provides detailed profiles of various companies currently active in the iris recognition market. In addition to the company profiles, the report also provides the competitive landscape (CL) of key players in the market.

The report also provides a detailed Porter’s five forces analysis for the iris recognition market. The analysis gives insights into all factors affecting the market and their impact on its growth.

Scope of the Report:

The report covers the iris recognition market on the basis of components, products, applications, industries, and regions.

Iris Recognition Market, by Component:

On the basis of components, the report has been segmented into hardware and software components.

Iris Recognition Market, by Product:

On the basis of products, the report has been segmented into smartphones, smart watches, tablets & notebooks, PCs/ laptops, and scanners among others.

Iris Recognition Market, by Application:

On the basis of the application, the report has been segmented into access control and time monitor among others.

Iris Recognition Market, by Industry:

On the basis of industries, the report has been categorized into government, military & defense, healthcare, banking & finance, consumer electronics, travel & immigration, and automotive among others.

Iris Recognition Market, by Region:

The geographic analysis covers the Americas, Europe, Asia-Pacific, and Rest of the World (RoW). The cross segmentation data included in the report gives a deep insight about regional markets.

The following customization options are available for the report:

• Country-wise breakdown of all the regions by industry
• Detailed analysis and profiling of five additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
                    1.3.1.1 Geographic Scope
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Demand Analysis
           2.2.1 Introduction
                    2.2.1.1 Increased Terrorist Activities and Other Crimes
                    2.2.1.2 Increased Transactions Through Mobile Commerce
    2.3 Market Size Estimation
    2.4 Market Breakdown & Data Triangulation
    2.5 Research Assumptions
           2.5.1 Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Iris Recognition Market
    4.2 Market, By Component
    4.3 Market in Asia-Pacific
    4.4 The U.S. Held the Largest Share of the Global Market
    4.5 Market, By Product
    4.6 The Life Cycle Analysis, By Geography

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Government and Corporate Initiatives to Adopt the Iris Recognition System in Various Fields
                    5.4.1.2 Growth of E-Passport Program
                    5.4.1.3 Integration of Iris Recognition in Consumer Electronics Products
           5.4.2 Restraints
                    5.4.2.1 Fear of Privacy Intrusion and Inconvenience
                    5.4.2.2 High Cost of Systems and Availability of Inexpensive Alternatives
           5.4.3 Opportunities
                    5.4.3.1 Touchless Biometric Products Expected to Have A Bright Future
                    5.4.3.2 Integration of Cloud Computing With the Iris Biometric Technology
           5.4.4 Challenge
                    5.4.4.1 to Reconcile Traditional Identification Techniques

6 Industry Trends (Page No. - 47)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Bargaining Power of Buyers
           6.3.2 Bargaining Power of Suppliers
           6.3.3 Threat of Substitutes
           6.3.4 Threat of New Entrants
           6.3.5 Intensity of Rivalry

7 Iris Recognition Market, By Component (Page No. - 55)
    7.1 Introduction
    7.2 Hardware Component
    7.3 Software Component

8 Iris Recognition Market, By Product (Page No. - 61)
    8.1 Introduction
    8.2 Smartphone
    8.3 Smartwatch
    8.4 Tablet & Notebook
    8.5 PC/Laptop
    8.6 Scanner
    8.7 Others

9 Iris Recognition Market, By Application (Page No. - 75)
    9.1 Introduction
    9.2 Access Control
    9.3 Time Monitor
    9.4 Others

10 Iris Recognition Market, By Industry (Page No. - 82)
     10.1 Introduction
     10.2 Government
     10.3 Military & Defense
     10.4 Healthcare
     10.5 Banking & Finance
     10.6 Consumer Electronics
     10.7 Travel & Immigration
     10.8 Automotive
     10.9 Others

11 Geographic Analysis (Page No. - 97)
     11.1 Introduction
     11.2 Americas
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
             11.2.4 Rest of the Americas
     11.3 Europe
             11.3.1 U.K.
             11.3.2 Germany
             11.3.3 France
             11.3.4 Rest of Europe
     11.4 APAC
             11.4.1 India
             11.4.2 China
             11.4.3 Japan
             11.4.4 South Korea
             11.4.5 Rest of APAC
     11.5 RoW

12 Competitive Landscape (Page No. - 117)
     12.1 Overview
     12.2 Market Ranking for the Iris Recognition Market, 2014
     12.3 Competitive Situations & Trends
             12.3.1 New Product Launches and Developments, 2013–2015
             12.3.2 Partnerships, & Agreements, 2014–2015
             12.3.3 Mergers & Acquisitions, 2014–2015
             12.3.4 Expansions, 2015

13 Company Profiles (Page No. - 123)
(Overview, Products and Services, Financials, Strategy & Development)*
     13.1 3M Cogent
     13.2 Iris Id, Inc.
     13.3 Iritech, Inc.
     13.4 Bioenable Technologies
     13.5 Sri International
     13.6 Safran
     13.7 Smartmatic
     13.8 Irisguard Inc.
     13.9 Crossmatch Technologies
     13.10 Eyelock

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 142)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Introducing RT: Real-Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports

List of Tables (65 Tables)

Table 1 Comparison of Various Biometric Systems
Table 2 Iris Recognition Market, By Component, 2013–2020 (USD Million)
Table 3 Hardware Market for Iris Recognition, By Subcomponent, 2013–2020 (USD Million)
Table 4 Hardware Market for Iris Recognition, By Product, 2013–2020 (USD Million)
Table 5 Software Market for Iris Recognition, By Subcomponent, 2013–2020 (USD Million)
Table 6 Software Market in Iris Recognition, By Product, 2013–2020 (USD Million)
Table 7 Iris Recognition Market, By Product, 2013–2020 (USD Million)
Table 8 Market for Smartphones , By Component, 2015–2020 (USD Million)
Table 9 Market for Smartphones, By Region, 2015–2020 (USD Million)
Table 10 Market for Smartwatches, By Component, 2014–2020 (USD Million)
Table 11 Market for Smartwatches, By Region, 2014–2020 (USD Million)
Table 12 Market for Tablets & Notebooks, By Component, 2014–2020 (USD Million)
Table 13 Iris Recognition Market for Tablets & Notebooks, By Region, 2014–2020 (USD Million)
Table 14 Market for Pcs/Laptops, By Component, 2015–2020 (USD Million)
Table 15 Market for Pcs/Laptops, By Region, 2015–2020 (USD Million)
Table 16 Market for Scanners, By Industry, 2013–2020 (USD Million)
Table 17 Market for Scanners, By Component, 2013–2020 (USD Million)
Table 18 Market for Scanners, By Region, 2013–2020 (USD Million)
Table 19 Market for Others, By Industry, 2016–2020 (USD Million)
Table 20 Market for Others, By Component, 2016–2020 (USD Million)
Table 21 Market for Others, By Region, 2016–2020 (USD Million)
Table 22 Market, By Application, 2013–2020 (USD Million)
Table 23 Access Control Market for Iris Recognition, By Industry, 2013–2020 (USD Million)
Table 24 Access Control Market for Iris Recognition, By Region, 2013–2020 (USD Million)
Table 25 Time Monitor Market for Iris Recognition, By Industry, 2013–2020 (USD Million)
Table 26 Time Monitor Market for Iris Recognition, By Region, 2013–2020 (USD Million)
Table 27 Others Market for Iris Recognition, By Industry, 2013–2020 (USD Million)
Table 28 Others Market for Iris Recognition, By Region, 2013–2020 (USD Million)
Table 29 Iris Recognition Market, By Industry, 2013–2020 (USD Million)
Table 30 Market Size for the Government Sector, By Region, 2013–2020 (USD Million)
Table 31 Market for the Government Sector, By Application, 2013–2020 (USD Million)
Table 32 Market Size for the Military and Defense Sector, By Region, 2013–2020 (USD Million)
Table 33 Iris Recognition Market Size for the Military & Defense Sector, By Application, 2013–2020 (USD Million)
Table 34 Market for the Healthcare Sector, By Region, 2013–2020 (USD Million)
Table 35 Market Size for the Healthcare Sector, By Application, 2013–2020 (USD Million)
Table 36 Market Size for the Banking & Finance Sector, By Region, 2013–2020 (USD Million)
Table 37 Market Size for the Banking & Finance Sector, By Application, 2013–2020 (USD Million)
Table 38 Iris Recognition Market Size for the Consumer Electronics Sector, By Region, 2013–2020 (USD Million)
Table 39 Market Size for the Consumer Electronics Sector, By Application, 2013–2020 (USD Million)
Table 40 Market Size for Travel & Immigration Sector, By Region, 2013–2020 (USD Million)
Table 41 Market Size for the Automotive Sector, By Region, 2013–2020 (USD Million)
Table 42 Market Size for the Automotive Sector, By Application, 2013–2020 (USD Million)
Table 43 Iris Recognition Market Size for Other Sectors, By Region, 2013–2020 (USD Million)
Table 44 Market for Other Sectors, By Application, 2013–2020 (USD Million)
Table 45 Market, By Region, 2013–2020 (USD Billion)
Table 46 Market Size in the Americas, By Country, 2013–2020 (USD Million)
Table 47 Market Size in the Americas, By Industry, 2013–2020 (USD Million)
Table 48 Market Size in the Americas, By Product, 2013–2020 (USD Million)
Table 49 Market Size in the Americas, By Application, 2013–2020 (USD Million)
Table 50 Europe: Iris Recognition Market Size, By Country, 2013–2020 (USD Million)
Table 51 Market in Europe, By Industry, 2013–2020 (USD Million)
Table 52 Market in Europe, By Product, 2013–2020 (USD Million)
Table 53 Market in Europe, By Application, 2013–2020 (USD Million)
Table 54 APAC: Iris Recognition Market Size, By Country, 2013–2020 (USD Million)
Table 55 Market in APAC, By Industry, 2013–2020 (USD Million)
Table 56 Market in APAC, By Product, 2013–2020 (USD Million)
Table 57 Market in APAC, By Application, 2013–2020 (USD Million)
Table 58 RoW: Iris Recognition Market Size, By Region, 2013–2020 (USD Million)
Table 59 Market in RoW, By Industry, 2013–2020 (USD Million)
Table 60 Market in RoW, By Product, 2013–2020 (USD Million)
Table 61 Market in RoW, By Application, 2013–2020 (USD Million)
Table 62 New Product Launches and Developments, 2013–2015
Table 63 Partnerships & Agreements, 2014–2015
Table 64 Mergers & Acquisitions, 2014–2015
Table 65 Expansion, 2015

List of Figures (66 Figures)

Figure 1 Iris Recognition Market: Research Design
Figure 2 Number of Mobile Retail Commerce Buyers, in Millions
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown & Data Triangulation
Figure 6 Software Expected to Hold Largest Share of the Market During the Forecast Period
Figure 7 Scanners Estimated to Hold Major Share of the Global Market in 2015
Figure 8 Access Control Application Expected to Grow at the Fastest Rate During the Forecast Period
Figure 9 Consumer Electronics Sector Will Grow at the Fastest Rate Between 2015 and 2020
Figure 10 Americas Estimated to Hold the Largest Share of the Market in 2015
Figure 11 Increasing Adoption of the Iris Recognition Technology Expected in the APAC Region in Coming Years
Figure 12 Software Component Expected to Hold the Largest Market Share During the Forecast Period
Figure 13 Government Sector in Asia-Pacific Expected to Hold the Largest Market Share in 2014
Figure 14 The U.S. Dominated the Global Market in 2014
Figure 15 Scanners Likely to Dominate the Market
Figure 16 APAC Estimated to Move to the Growth Phase During the Forecast Period
Figure 17 Evolution of Iris Recognition Market
Figure 18 Market, By Geography
Figure 19 Government Initiatives to Adopt Iris Recognition System in Various Fields is Expected to Drive the Market
Figure 20 Growth of the E-Passport Program, 2009-2014
Figure 21 Iris Recognition Market: Value Chain Analysis
Figure 22 Porter’s Five Forces Analysis-Impact Analysis, 2014
Figure 23 Bargaining Power of Buyers in the Market, 2014
Figure 24 Bargaining Power of Suppliers in the Market, 2014
Figure 25 Threat of Substitutes in the Market, 2014
Figure 26 Threat of New Entrants in the Market, 2014
Figure 27 Intensity of Rivalry in Market, 2014
Figure 28 Software Component Will Account for the Major Share During the Forecast Period
Figure 29 Hardware Component Market for Iris Scanners Expected to Dominate the Global Iris Recognition Market
Figure 30 Iris Recognition Software & SDK Expected to Grow at the Highest Pace During the Forecast Period
Figure 31 Iris Scanner Expected to Dominate the Market During the Forecast Period
Figure 32 Market for Smartphones, By Industry, 2015–2020 (USD Million)
Figure 33 Asia-Pacific Expected to Grow at the Fastest Rate in the Iris Recognition Market for Smartphones
Figure 34 Market for Smart watches, By Industry, 2015–2020 (USD Million)
Figure 35 Market in Tablets & Notebooks, By Industry, 2014–2020 (USD Million)
Figure 36 Software Component to Hold the Largest Share of the Market for the Tablet & Notebook
Figure 37 Market for PCs/Laptops, By Industry, 2015–2020 (USD Million)
Figure 38 Americas Expected to Account for the Largest Market Share of the Iris Scanner Segment in 2015
Figure 39 The Access Control Application is Expected to Dominate the Market During the Forecast Period
Figure 40 Consumer Electronics Expected to Show A High Growth Rate Due to the Commercialization of Iris Electronic Devices
Figure 41 Time Monitor Market for Iris Recognition in APAC Expected to Show the Fastest Growth Rate
Figure 42 Iris Recognition Technology in Consumer Electronics is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 43 Market in APAC for the Government Sector is Expected to Grow at the Fastest Rate
Figure 44 Access Control Expected to Account for the Larger Share of the Military & Defense Industry in 2015
Figure 45 Market for the Banking & Finance Sector in APAC Expected to Grow at the Fastest Rate
Figure 46 Americas is Expected to Lead the Travel & Immigration Sector of the Iris Recognition Market
Figure 47 Market for Travel & Immigration Sector, By Application, 2013–2020 (USD Million)
Figure 48 Geographic Snapshot for the Market, 2015–2020
Figure 49 Segmentation: Americas
Figure 50 Snapshot of the Americas Market
Figure 51 Segmentation: Europe
Figure 52 Snapshot of the European Market
Figure 53 Segmentation: Asia-Pacific
Figure 54 Snapshot of the Asia–Pacific Market
Figure 55 Segmentation: RoW
Figure 56 Snapshot of the RoW Market
Figure 57 New Product Development the Major Strategy Adopted By the Key Players, 2013–2015
Figure 58 Market Evaluation Framework
Figure 59 Battle for Market Share: New Product Development Was the Key Strategy, 2013–2015
Figure 60 3M Cogent: Company Snapshot
Figure 61 3M Cogent: SWOT Analysis
Figure 62 Iris Id, Inc.: SWOT Analysis
Figure 63 Iritech, Inc.: SWOT Analysis
Figure 64 Safran: Company Snapshot
Figure 65 Safran: SWOT Analysis
Figure 66 Crossmatch Technologies: SWOT Analysis

In iris recognition, the identification process is carried out by gathering one or more detailed images of the iris patterns. It uses the camera technology with near infrared illumination to capture high resolution-based images of the iris, which are visible externally. Some of the key benefits of this technology are that 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. The iris recognition market exhibits a huge potential in terms of as application in sectors such as government, military & defense, banking & finance, consumer electronics, travel & immigration, healthcare, and automotive among others. Currently, the world’s leading OEMs, from consumer electronics to automotive are focused on incorporating iris recognition technology in their offerings. Factors such as the integration of cloud computing technology with the iris biometrics system are creating opportunities for this market.

The value chain of the iris recognition market is a broad network. The entire chain is an inter-connection between various players related to the market, and depicts the flow of technology & services. The prime building blocks of the value chain of the iris recognition market comprise researchers & product developers, component manufacturers, iris biometric manufacturers, system integrators, distributors, and the end-users.

In this report, drivers, restraints, opportunities, and challenges for the iris recognition market have been covered. The growth of this market is driven by as the application in government, military & defense, banking & finance, consumer electronics, travel & immigration, and so on. The integration of cloud computing technology with the iris biometrics system is creating opportunities for this market. However, the high cost of iris biometrics and the availability of inexpensive alternatives such as fingerprint and face scanners, could restrain the growth of this market.

In the iris recognition market, as the application in government, banking & finance, military & defense accounted for a large market share in 2014. However, the application in the consumer electronics industry is expected to grow at the highest rate during the forecast period due to the commercialization of various iris scan-based electronic devices such as smartphones, smart watches, tablets, notebooks, and so on. Some of the major companies in the iris recognition market include 3M Cogent Inc. (U.S.), Safran (France), Cross Match Technologies Inc. (U.S.), Iris ID, Inc. (U.S.), Iritech, Inc. (U.S.), SRI International (U.S.), EyeLock (U.S.), and so on. Geographically, this market covers the Americas, Europe, APAC, and Rest of the World (RoW).