How big is the Iris Recognition Market?

The Iris Recognition Market size is expected to reach USD 4.74 billion in 2024 and grow at a CAGR of 17.16% to reach USD 10.47 billion by 2029. Read More

What is the current Iris Recognition Market size?

In 2024, the Iris Recognition Market size is expected to reach USD 4.74 billion. Read More

Who are the key players in Iris Recognition Market?

Iris ID Inc., Gemalto NV (Thales Group), Iritech Inc., NEC Corporation and HID Global are the major companies operating in the Iris Recognition Market. Read More

Which is the fastest growing region in Iris Recognition Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Iris Recognition Market?

In 2024, the North America accounts for the largest market share in Iris Recognition Market. Read More

What years does this Iris Recognition Market cover, and what was the market size in 2023?

In 2023, the Iris Recognition Market size was estimated at USD 4.05 billion. The report covers the Iris Recognition Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Iris Recognition Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Iris Recognition Market Report | Industry Analysis, Size & Forecast

Iris Recognition Industry Overview

The iris recognition market is fragmented. Biometric authentication devices are being extensively adopted across governments, healthcare institutions, consumer electronics, financial institutions, retail and commercial vehicles, and enterprises. This makes the market attractive, with many companies entering the market. Some of the key players in the market are Iritech Inc., BioEnable Technologies Pvt. Ltd, Aware Inc., Iris ID Inc., HID Global, and EyeLock LLC.

November 2023 - Iris Technology from Innovatrics Wins DHS Biometric Rally Innovatrics has introduced a new liveness detection solution based on iris biometrics. The MagnifEye system is described by the company as a "semi-passive" method of liveness detection that prompts an end user to position their eye during a selfie-based identity verification session.
September 2022 - Hikvision has introduced the MinMoe Iris Recognition Terminal, which offers higher security in the access control market. Hikvision's MinMoe Iris Recognition Terminal can verify unique iris characters in less than a second and has a recognition distance of up to 70cm. To ensure the accuracy and safety of access authentication, the terminal also includes colour imaging and video anti-counterfeiting.