Iris Scanner Market Expected to Reach $8.0 Billion, Globally, by 2032 at 10.2% CAGR

Allied Market Research - Seite 2

Report Coverage and Details: 

Report Coverage

Details

Forecast Period 

2022–2032 

Base Year 

2022

Market Size in 2022 

$3.1 Billion 

Market Size in 2032 

$8.0 Billion 

CAGR 

10.2 %

No. of Pages in Report 

271

Segments covered 

Component, Industry Vertical, and Region

Drivers  

Increased adoption of iris scanner by government organizations     

Adoption of biometric authentication

Opportunities 

Border control and travel   

Restraints 

Competing biometric technologies 

 

COVID-19 Scenario: 

• The COVID-19 pandemic had a mixed impact on the global iris scanner market. The increased focus on contactless technologies and heightened security measures has driven demand for iris scanners in applications such as access control and identity verification.
• However, the pandemic disrupted supply chains and delayed deployment plans in various sectors, impacting the market's growth trajectory. Despite these challenges, the long-term prospects for iris scanner adoption remain positive as organizations prioritize secure and touchless authentication solutions in a post-pandemic world.

The hardware segment to maintain its lead position during the forecast period