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Global Iris Biometrics Industry

Global Iris Biometrics Industry

  • October 2022
  • 389 pages
  • ID: 5112943
  • Format: PDF
  • Global Industry Analysts

Summary

Table of Contents

Abstract:

What’s New for 2022?

Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Global Iris Biometrics Market to Reach $4.8 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Iris Biometrics estimated at US$2.3 Billion in the year 2020, is projected to reach a revised size of US$4.8 Billion by 2027, growing at aCAGR of 10.8% over the period 2020-2027. Hardware, one of the segments analyzed in the report, is projected to record 9.2% CAGR and reach US$1.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 12% CAGR for the next 7-year period.

The U.S. Market is Estimated at $629.5 Million, While China is Forecast to Grow at 13.7% CAGR
The Iris Biometrics market in the U.S. is estimated at US$629.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$859 Million by the year 2027 trailing a CAGR of 13.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9% and 9.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.

Select Competitors (Total 40 Featured)
Aditech Ltd. Anviz Global, Inc. Aware, Inc. BioEnable Technologies Pvt. Ltd EyeLock Corp. HID Global Corporation IDEMIA Iris ID Systems, Inc. IrisGuard, Inc. IriTech, Inc. NEC Corporation Princeton Identity, Inc. SRI International, Inc. Thales Group

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