Iris Recognition Market Share

Market Share of Iris Recognition Industry

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.

Iris Recognition Market Leaders

1. Iris ID Inc.

2. Gemalto NV (Thales Group)​

3. Iritech Inc.​

4. NEC Corporation​

5. HID Global​

*Disclaimer: Major Players sorted in no particular order