Consumer Devices to Drive $4 Billion Iris Recognition Market by 2025, Says Tractica

Iris recognition is expected to be a $4.1 billion global market by 2025, up from $676.6 million last year, said a Friday Tractica report. The technology was “hamstrung” by a conceptual patent in force until 2005 but in the years since, more than 10 “well-qualified” iris recognition hardware manufacturers, plus various software providers, have launched, with infrared cameras and light sources in smartphones and tablets creating new use cases in consumer applications, said Tractica. During the period reviewed, iris recognition device shipments are forecast to grow from 10.7 million units to 61.6 million units annually, it said. “Iris recognition is now gaining traction as a secure and consumer-friendly biometric modality, thanks to growing competition and innovation as well as successful pilot projects around the world,” said analyst Keith Kirkpatrick.