The Iris Recognition Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Iris Recognition Market?
The market size of iris recognition has experienced significant growth in recent years. It is projected to increase from $4.48 billion in 2024 to $5.12 billion in 2025, with a compound annual growth rate (CAGR) of 14.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Iris Recognition Industry?
The Iris Recognition Global Market Report 2025 predicts that by 2029, the market size of the iris recognition industry is projected to reach $10.22 billion. The Compound Annual Growth Rate (CAGR) is expected to be 18.9%
Download Your Free Sample of the 2025 Iris Recognition Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Iris Recognition Market?
The key drivers in the iris recognition market are:
• Widespread adoption of iris recognition in mobile devices
• Growing application of this technology in smart cities
• Surge in the use of healthcare biometrics
• Rising demand for contactless authentication methods
Global Market Segmentation: Identifying Major Iris Recognition Industry Segments
The iris recognition market covered in this report is segmented –
1) By Product: Smartphones, Wearables, Tablets And Notebooks, Personal Computers, Scanners
2) By Component: Hardware, Software
3) By Application: Identity Management And Access control, Time Monitoring, E-Payment
4) By End-User Industry: Consumer Electronics, Healthcare, BFSI (Banking, Financial Services And Insurance), Military And Defense, Government, Other End-User Industries
Pre-order the 2025 Iris Recognition Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Iris Recognition Market?
The key trends in the iris recognition market are:
• Government initiatives and regulations play an escalating role in shaping the market.
• The rise of wearable technology is a noteworthy forthcoming trend.
• There is increased emphasis on user convenience and experience in product development.
• The development and implementation of cloud-based iris recognition solutions is an emerging trend.
Who Are the Top Competitors & Leading Players in the Iris Recognition Market?
Major companies in the iris recognition market are:
• Honeywell International Inc.
• NEC Corporation
• Safran Group
• Thales Group
• Gemalto NV
• IDEMIA
• HID Global
• SRI International
• Cross Match Technologies Inc.
• BioEnable Technologies
• Aware Inc.
• Iris ID Inc.
• Iris Corporation Berhad
• 3M Cogent Inc.
• Irisity AB
• IriTech Inc.
• CMITech Company Ltd.
• M2SYS Technology
• EyeLock Inc.
• Princeton Identity
• Irisguard Inc.
• Delta ID
• IrisAccess
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the iris recognition market in 2024
