Iris detector refer to a tool used for biometric identification of an individual. Iris pattern are stable hence provide more accuracy rate as compare to other time consuming biometric traits. Increasing applications of iris detector in various industry verticals such as consumer electronics, banking and finance. Further, Rising Government initiative for safety and security of travel and immigration process and adoption of iris detectors in automated tailor machine and mobile devices creating lucrative opportunities for the iris detector market.This growth is primarily driven by Rising Demand of Security Systems and Growing Applications of Iris Detector in Consumer Electronics.
Globally, a noticeable market trend is evident Increasing Adoption of Iris Detector as a Biometric Tool among Corporates. Major Players, such as Safran (France), Cross Match Technologies Inc. (United States), Iris ID, Inc. (United States), Iritech, Inc. (United States), SRI International (United States), Eye Lock (United States), Bioenable Technologies (India), Smartmatic (United States), Irisguard Inc. (United Kingdom), Crossmatch Technologies (United States), M2SYS Technology (United States), Eye smart Technology (China) and Eye Verify Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
25 February 2018, Samsung introduced iris unlock feature in Samsung S9 and S9+ after their flagship phone S8.
- Rising Demand of Security Systems
- Growing Applications of Iris Detector in Consumer Electronics
- Increasing Adoption of Iris Detector as a Biometric Tool among Corporates
- High Cost Associated with Iris detector
Growing Incorporation of Cloud Based Technologies in Biometric Products
Availability of Alternate Cost-effective Products
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