Handhold Iris Scanner Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0090967
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 9.38 |
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The Handhold Iris Scanner Market size is estimated to grow at a CAGR of 8.45% between 2022 and 2032. The market size is forecast to increase by USD 1,567.32 million. The growth of the market depends on several factors, including the increasing demand for secure and convenient biometric authentication solutions, rising concerns regarding identity theft and fraud, and the growing adoption of iris recognition technology. Handhold iris scanners refer to portable devices that capture and analyze the unique patterns of an individual's iris to verify their identity. They are commonly used in various applications where reliable and efficient authentication is required.
Handhold Iris Scanner Market Overview:
Drivers:
One of the key factors driving the handhold iris scanner market growth is the increasing demand for secure and convenient biometric authentication solutions. With the growing need for enhanced security in various sectors such as government, healthcare, banking, and finance, there is a rising demand for reliable and accurate authentication methods. Handhold iris scanners offer a high level of security as the iris patterns are unique to each individual and difficult to forge. They provide a contactless and non-intrusive authentication method, eliminating the need for physical contact or the use of passwords or PINs. This convenience and security offered by handhold iris scanners are driving their adoption in both personal and professional settings.
Moreover, the rising concerns regarding identity theft and fraud are also driving the market growth. Traditional authentication methods such as passwords or PINs are susceptible to hacking or unauthorized access. Handhold iris scanners provide a more secure alternative by using the unique iris patterns, which are difficult to replicate or manipulate. This increased security is particularly important in sectors dealing with sensitive information or high-value transactions, where the risk of identity theft or fraud is significant.
Trends:
A key trend shaping the handhold iris scanner market is the integration of advanced features and functionalities. Manufacturers are incorporating additional capabilities such as multi-factor authentication, anti-spoofing techniques, and compatibility with mobile devices into handhold iris scanners. These advanced features enhance the security and reliability of the authentication process, making handhold iris scanners more robust and effective. Furthermore, the integration of wireless connectivity and cloud-based storage allows for seamless data transfer and remote access, expanding the usability and flexibility of handhold iris scanners.
Furthermore, there is a growing focus on user experience and ergonomics, which is driving the demand for compact and user-friendly handhold iris scanners. Manufacturers are designing lightweight and portable devices that can be easily carried and operated by users. The incorporation of intuitive user interfaces and ergonomic designs ensures a smooth and hassle-free user experience, making handhold iris scanners more accessible to a wider range of users.
Restraints:
One of the key challenges hindering the handhold iris scanner market growth is the high initial cost of the devices. Handhold iris scanners utilize advanced iris recognition technology, which involves sophisticated hardware and software components. This leads to higher manufacturing and development costs, resulting in relatively higher prices for handhold iris scanners compared to other authentication methods. This cost factor may limit the adoption of handhold iris scanners, especially in price-sensitive markets or for budget-constrained users.
Handhold Iris Scanner Market Segmentation By Application:
The government and law enforcement segment is estimated to witness significant growth during the forecast period. Handhold iris scanners are widely used in government agencies and law enforcement organizations for identity verification, border control, and criminal investigations. The high level of accuracy and security offered by handhold iris scanners makes them an ideal choice for these applications, ensuring reliable and efficient authentication of individuals.
The healthcare segment is also expected to contribute to the market growth. Handhold iris scanners are used in healthcare facilities for patient identification, access control, and secure data management. They provide a hygienic and contactless authentication method, reducing the risk of cross-contamination and ensuring the privacy and security of patient information.
Handhold Iris Scanner Market Segmentation By Type:
The handheld portable iris scanner segment is expected to dominate the market during the forecast period. These devices offer the convenience of portability and can be easily carried and operated by users. Handheld portable iris scanners are compact, lightweight, and designed for on-the-go authentication, making them suitable for various applications such as travel, banking, and access control. The increasing demand for mobile and portable authentication solutions, coupled with the advancements in iris recognition technology, is driving the growth of this segment.
Regional Overview:
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North America is estimated to contribute significantly to the growth of the global handhold iris scanner market during the forecast period. The region has a high adoption rate of biometric authentication solutions and a strong emphasis on security and privacy. The presence of key market players, technological advancements, and favorable government initiatives promoting biometric authentication further support market growth in North America.
Europe is also expected to witness substantial growth in the handhold iris scanner market. The region has stringent data protection regulations and a growing need for secure authentication methods. The increasing adoption of iris recognition technology in sectors such as banking, healthcare, and transportation is driving the market in Europe.
Handhold Iris Scanner Market Customer Landscape:
The handhold iris scanner market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Handhold Iris Scanner Market Companies?
Companies are implementing various strategies, such as product launches, partnerships, mergers and acquisitions, and geographical expansion, to enhance their presence in the market.
Some of the major companies operating in the handhold iris scanner market include:
- 3M Cogent Inc.
- BioEnable Technologies Pvt. Ltd.
- Crossmatch Technologies Inc.
- Iris ID, Inc.
- Iritech, Inc.
- Mantra Softech (India) Pvt. Ltd.
- NEC Corporation
- Safran Identity & Security SAS
- Synaptics Incorporated
- ZKTeco Inc.
The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.
Segment Overview:
The handhold iris scanner market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Government and Law Enforcement
o Healthcare
o Banking and Finance
o Travel and Immigration
o Others
- Type Outlook (USD Million, 2019 - 2032)
- Portable
o Integrated
o Hybrid
o Others
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- K.
- Germany
- France
- Rest of Europe
o Asia Pacific
- China
- India
o South America
- Brazil
- Argentina
- Rest of South America
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENTS: GLOBAL HANDHOLD IRIS SCANNER MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Handhold Iris Scanner MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Handhold Iris Scanner Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Change Handhold Iris Scanner MARKET BY TYPE INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Optical Iris Scanner
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3. Electric Iris Scanner
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. Handhold Iris Scanner MARKET BY APPLICATION INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Residential
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3. Commercial
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.4. Industry
6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. Handhold Iris Scanner MARKET REGIONAL OUTLOOK
7.1. Handhold Iris Scanner Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Handhold Iris Scanner Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.2. North America Handhold Iris Scanner Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America Handhold Iris Scanner Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America Handhold Iris Scanner Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S Handhold Iris Scanner Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. Handhold Iris Scanner Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. Handhold Iris Scanner Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. Handhold Iris Scanner Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Handhold Iris ScannerMarket Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada Handhold Iris ScannerMarket Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada Handhold Iris ScannerEstimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada Handhold Iris ScannerEstimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Handhold Iris ScannerEstimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe Handhold Iris ScannerEstimates And Forecast By Segment 1, 2016 –2027, (USD Million
7.3.3. Europe Handhold Iris ScannerEstimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe Handhold Iris ScannerEstimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Handhold Iris ScannerEstimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany Handhold Iris ScannerEstimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany Handhold Iris ScannerEstimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany Handhold Iris ScannerEstimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Handhold Iris ScannerEstimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France Handhold Iris ScannerEstimates And Forecast By Segment 1, 2016 –2027, (USD Million
7.3.6.3. France Handhold Iris ScannerEstimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France Handhold Iris ScannerEstimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Handhold Iris ScannerEstimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. Handhold Iris ScannerEstimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. Handhold Iris ScannerEstimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K Handhold Iris Scanner
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Handhold Iris ScannerEstimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific Handhold Iris ScannerEstimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific Handhold Iris ScannerEstimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific Handhold Iris ScannerEstimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Handhold Iris ScannerEstimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China Handhold Iris ScannerEstimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China Handhold Iris ScannerEstimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China Handhold Iris ScannerEstimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Handhold Iris ScannerEstimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India Handhold Iris ScannerEstimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India Handhold Iris ScannerEstimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India Handhold Iris ScannerEstimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Handhold Iris ScannerEstimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan Handhold Iris ScannerEstimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan Handhold Iris ScannerEstimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan Handhold Iris ScannerEstimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Handhold Iris ScannerEstimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia Handhold Iris ScannerEstimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia Handhold Iris ScannerEstimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia Handhold Iris ScannerEstimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Handhold Iris ScannerEstimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea Handhold Iris ScannerEstimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea Handhold Iris ScannerEstimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea Handhold Iris ScannerEstimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Handhold Iris ScannerEstimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America Handhold Iris ScannerEstimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America Handhold Iris ScannerEstimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America Handhold Iris ScannerEstimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America Handhold Iris ScannerEstimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Thales Group (Gemalto)
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. M2SYS
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Panasonic
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. Samsung Electronics
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. Morpho
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. LG
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. OSRAM
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. Iris ID
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9 . HID Global
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. DERMALOG
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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