According to a market report by Lucintel, the future of the iris recognition market looks promising with opportunities in the government, military and defense, healthcare, banking and finance, consumer electronics, travel and immigration, and automotive industries. The iris recognition market is expected to grow with a CAGR of 23% from 2019 to 2024. The major drivers for this market are increasing government expenditure on safety and security and growing demand for iris recognition in the travel and immigration.

In this market, smartphone, smartwatch, tablet and notebook, PC/laptop, and scanner are the major application. Within the iris recognition market, government, military and defense, healthcare, banking and finance, consumer electronics, travel and immigration, and automotive are the major end use industries. North America will remain the largest region over the forecast period.

Iris ID, Iritech, Bioenable Technologies, Smartmatic International, Crossmatch Technologies, 3M Cogent, Safran(morpho), Irisguard, Eyelock and Sri International are among the major manufacturers of the iris recognition market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the iris recognition market by usage type, application, end use industry, and region. Lucintel has prepared a comprehensive research report entitled "Growth Opportunities Iris Recognition Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the iris recognition market by usage type, application, end use industry, and region as follows:

By Usage Type [$M shipment analysis for 2013 – 2024]:
• Access Control
• Time Monitor
By Application [$M shipment analysis for 2013 – 2024]:
• Smartphone
• Smartwatch
• Tablet & Notebook
• PC/Laptop
• Scanner
By End Use Industry [$M shipment analysis for 2013 – 2024]:
• Government
• Military & Defense
• Healthcare
• Banking & Finance
• Consumer Electronics
• Travel & Immigration
• Automotive
By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– UK
– Germany
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World
A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the iris recognition market by application (smartphone, smartwatch, tablet and notebook, PC/laptop, and scanner), end use industry (government, military and defense, healthcare, banking and finance, consumer electronics, travel and immigration, and automotive), and region (North America, Europe, APAC, and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the iris recognition market?
Q.5 What are the business risks and threats to the iris recognition market?
Q.6 What are emerging trends in this iris recognition market and the reasons behind them?
Q.7 What are of the changing demands of customers in the iris recognition market?
Q.8 What are the new developments in the iris recognition market? Which companies are leading these developments?
Q.9 Who are the major players in this iris recognition market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this iris recognition area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this iris recognition market?