North America Iris Recognition Market Size, Share & Industry Trends Analysis Report By Application, By Product (Scanners, Smartphones, Personal Computers/Laptops, Tablets & Notebooks), By Component, By Vertical, By Country and Growth Forecast, 2022 - 2028

North America Iris Recognition Market Size, Share & Industry Trends Analysis Report By Application, By Product (Scanners, Smartphones, Personal Computers/Laptops, Tablets & Notebooks), By Component, By Vertical, By Country and Growth Forecast, 2022 - 2028

The North America Iris Recognition Market would witness market growth of 15.1% CAGR during the forecast period (2022-2028).

Technology for iris recognition employs mathematical pattern-recognition methods on video images of both irises, wherein intricate random patterns are stable, distinct, and perceptible from particular angles. The market for iris identification is experiencing high demand due to its uniqueness, stability, and security.

The iris pattern is consistent and uses the variety of textures and characteristics found in the iris, including stripes, freckles, coronas, and furrows. They are hence more safe by nature. The market's future looks bright because of potential like the expansion of distribution channels, R&D projects, high demand from the travel and immigration sector, and rising adoption rates in businesses.

Government organisations are also adopting various biometric technologies to reduce cyber threats and streamline system access. For example, one of the first police agencies to adopt iris recognition was the New York City (NYC) Police Department.

Organizations are increasingly using biometrics, giving users another layer of protection to protect themselves, as a result of the significant rise in data breaches in the region across numerous industries. Many governmental organisations have begun using iris scanning technology. For example, the Federal Bureau of Investigation (FBI) depends on its collaborations with local, state, tribal, and federal agencies to create important initiatives like the Next Generation Identification (NGI) systems and the National Crime Information Center (NCIC).

The US market dominated the North America Iris Recognition Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,921.4 million by 2028. The Canada market is poised to grow at a CAGR of 17.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 16.6% during (2022 - 2028).

Based on Application, the market is segmented into Identity Management & Access Control, Time Monitoring and E-Payment. Based on Product, the market is segmented into Scanners, Smartphones, Personal Computers/Laptops, Tablets & Notebooks and Others. Based on Component, the market is segmented into Software and Hardware. Based on Vertical, the market is segmented into Banking & Finance, Consumer Electronics, Military & Defense, Automotive, Government, Travel & Immigration, Healthcare and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thales Group S.A., IDEMIA SAS (Advent International, Inc.), NEC Corporation, Aware, Inc., M2SYS Technology, Inc., Unisys Corporation, IrisGuard Ltd., Iris ID, Inc, and Princeton Identity, Inc.

Scope of the Study

Market Segments covered in the Report:

By Application

  • Identity Management & Access Control
  • Time Monitoring
  • E-Payment
By Product
  • Scanners
  • Smartphones
  • Personal Computers/Laptops
  • Tablets & Notebooks
  • Others
By Component
  • Software
  • Hardware
By Vertical
  • Banking & Finance
  • Consumer Electronics
  • Military & Defense
  • Automotive
  • Government
  • Travel & Immigration
  • Healthcare
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Thales Group S.A.
  • IDEMIA SAS (Advent International, Inc.)
  • NEC Corporation
  • Aware, Inc.
  • M2SYS Technology, Inc.
  • Unisys Corporation
  • IrisGuard Ltd.
  • Iris ID, Inc
  • Princeton Identity, Inc.
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Iris Recognition Market, by Application
1.4.2 North America Iris Recognition Market, by Product
1.4.3 North America Iris Recognition Market, by Component
1.4.4 North America Iris Recognition Market, by Vertical
1.4.5 North America Iris Recognition Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis – Global
3.1 Market Share Analysis, 2021
Chapter 4. North America Iris Recognition Market by Application
4.1 North America Identity Management & Access Control Market by Country
4.2 North America Time Monitoring Market by Country
4.3 North America E-Payment Market by Country
Chapter 5. North America Iris Recognition Market by Product
5.1 North America Scanners Market by Country
5.2 North America Smartphones Market by Country
5.3 North America Personal Computers/Laptops Market by Country
5.4 North America Tablets & Notebooks Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Iris Recognition Market by Component
6.1 North America Software Market by Country
6.2 North America Hardware Market by Country
Chapter 7. North America Iris Recognition Market by Vertical
7.1 North America Banking & Finance Market by Country
7.2 North America Consumer Electronics Market by Country
7.3 North America Military & Defense Market by Country
7.4 North America Automotive Market by Country
7.5 North America Government Market by Country
7.6 North America Travel & Immigration Market by Country
7.7 North America Healthcare Market by Country
7.8 North America Others Market by Country
Chapter 8. North America Iris Recognition Market by Country
8.1 US Iris Recognition Market
8.1.1 US Iris Recognition Market by Application
8.1.2 US Iris Recognition Market by Product
8.1.3 US Iris Recognition Market by Component
8.1.4 US Iris Recognition Market by Vertical
8.2 Canada Iris Recognition Market
8.2.1 Canada Iris Recognition Market by Application
8.2.2 Canada Iris Recognition Market by Product
8.2.3 Canada Iris Recognition Market by Component
8.2.4 Canada Iris Recognition Market by Vertical
8.3 Mexico Iris Recognition Market
8.3.1 Mexico Iris Recognition Market by Application
8.3.2 Mexico Iris Recognition Market by Product
8.3.3 Mexico Iris Recognition Market by Component
8.3.4 Mexico Iris Recognition Market by Vertical
8.4 Rest of North America Iris Recognition Market
8.4.1 Rest of North America Iris Recognition Market by Application
8.4.2 Rest of North America Iris Recognition Market by Product
8.4.3 Rest of North America Iris Recognition Market by Component
8.4.4 Rest of North America Iris Recognition Market by Vertical
Chapter 9. Company Profiles
9.1 Thales Group S.A.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research and Development Expense
9.2 NEC Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.3 Aware, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Research & Development Expense
9.4 Unisys Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.5 IDEMIA SAS (Advent International, Inc.)
9.5.1 Company Overview
9.6 M2SYS Technology, Inc.
9.6.1 Company Overview
9.7 IrisGuard UK Limited
9.7.1 Company Overview
9.8 Iris ID, Inc.
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.9 Princeton Identity, Inc.
9.9.1 Company Overview

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