Military Biometrics Market: Global Industry Analysis and Forecast (2023-2029)

Military Biometrics Market was valued at USD 8.66 Billion in 2022, and it is expected to reach USD 14.28 Billion by 2029, exhibiting a CAGR of 7.4% during the forecast period (2023-2029). A Biometric system is an electronic system that takes physical input from individuals and processes that input data to get authentication. The authentication can be done through different technologies such as iris recognition, fingerprint recognition, facial recognition, and others. The adoption and implementation of biometric systems have witnessed a rapid increase due to various benefits and advantages related to convenience and security. These technological systems use information about an individual or employee to ascertain their identity and restrict unauthorized entrance or access to specific areas, locations, and premises or sensitive or personal information and data. Biometric systems rely on detailed data about unique biological traits to work effectively. The technology is also increasing adoption in wearable devices such as smartwatches, eyeglasses, fitness bands, etc. During the forecast period, the significant factors that are expected to drive the market's growth are the rising adoption of iris recognition biometric systems for military applications and an increase in the number of illegal migrations. Due to the changing war nature, cyber-attack has increased, which led to the rising concern about biometric data security. The Military Biometrics market is segmented by type into Facial Recognition, Fingerprint Recognition, and Iris Recognition. By component, the market is divided into hardware and software. By hardware, the market is sub-divided into fingerprint readers & scanners, cameras, mobile biometric devices, and others. By application, the market is segmented into Airborne, Land-Based, and Naval. The Military Biometrics market is segmented by geography into Asia-Pacific, Europe, North America, South America, and Middle East & Africa. In the report, 2022 is considered as a base year to forecast the market from 2023 to 2029. 2022's market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2029.Military Biometrics MarketTo know about the Research Methodology :- Request Free Sample Report

Military Biometrics Market Dynamics

Military biometric systems have risen to strengthen border security Border security is a very crucial part of any nation's security. With a drastic increase in the number of illegal migrants, the threat to countries' security has increased. Hence the demand for military biometric systems has risen to reinforce and strengthen border security. The increase in the number of illegal migration impacts the economy's growth. The people residing illegally are not liable to pay taxes to the government, which leads to a decrease in the economy. This is one of the major concerns for restricting illegal migrations. In addition, biometric systems are being increasingly adopted in multinational and private companies across the globe. Furthermore, another issue linked with illegal migration is the fear of terrorism. The use of biometric authentication helps in identifying individuals entering the country. Hence the demand for biometrics in defense applications is expected to grow significantly during the forecast period. Concerns regarding security breaches result in increasing adoption of these systems, especially in countries such as the U.K. and the U.S. currently. Rising Need for Authentication to Drive Military Biometrics Market The increasing demand for combating terrorism has propelled various nations to adopt the latest and most advanced form of biometrics for use in military applications are major factors expected to drive the growth of the military biometrics market during the forecast period. It has become critical to embrace military biometrics, with developing requirements for tending to penetration and comparative security issues. The developing number of countries battling with personality burglaries, manufactured characters, and unlawful settlements will push an elevated interest in military biometrics. An ever-increasing number of air terminals and lines across nations are utilizing biometrics confirmation frameworks to diminish illegal intimidation and fear assaults. Biometric authentication systems in offices and public areas Growing Asia Pacific economies like China and India have witnessed a quick upsurge in the adoption and implementation of biometric authentication systems. These systems function as attendance portals and enable employers to monitor the movement of their employees within the office premises at all times. Biometric fingerprint recognition, face recognition, and iris recognition systems are a few systems that have been gaining popularity. Protecting biometric data from cyber-attack may hamper the market growth Protecting biometric data from cyber-attack is a significant challenge expected to hamper market growth. Despite this rising focus on strengthening the nation's security, the government is allocating a large budget for the procurement and development of advanced solutions estimated to create ample growth opportunities in the market. Installation of biometric authentication systems is complex and requires skilled personnel to install. There is also the possibility of a system breach leading to data or information loss which can cause severe threats to any company or user. In addition, it is not easy to reset the entire system installation. These are some of the notable factors hampering the demand for biometric systems in the military and defense sector due to the need for a high level of security to safeguard against breaches of highly confidential data.

Military Biometrics Market Segment Analysis

Fingerprint Recognition Systems to witness strong demand On basis of Technology, the market is segmented into Facial Recognition, Fingerprint Recognition and Iris Recognition. The fingerprint recognition segment is estimated to dominate the military biometrics market during the forecast period. The fingerprint recognition is commonly used authentication system in most of the defense agencies and military around the world. Fingerprint Recognition can be implemented in computers, devices, and websites with the presence of a scanner. Fingerprints are highly stable, permanent, and non-reversible traits of human beings that do not change over time unlike other human body parts such as the face & iris which can be changed by plastic surgery or accidents. Iris recognition act like fingerprint templates but they do not change over time unlike other body parts such as facial features which can be changed through plastic surgery or accidents. Iris recognition system have slighter possibilities of malfunction or error. Thus, the accuracy rate up to 99% is expected to drive the demand of iris recognition systems strongly through forecast period. Furthermore, facial recognition is also expected to see steady growth due to their wide use in border security and surveillance, and in security and defense agencies like army and police. The system compares this information against already stored templates (images) in the database to detect duplications and verify identities with a high accuracy rate (98%). The advantages of facial recognition systems include monitoring and tracking suspected terrorists or other criminal elements using networked cameras located in any part of a city or country. On basis of Component, the market is segmented into Hardware and Software. Based on Component, the military biometrics market is segmented into hardware and software. By hardware, the market is sub-divided into fingerprint readers & scanners, mobile biometric devices, cameras, and others. Among these, the fingerprint readers & scanners segment witness high growth due to an increase in demand fingerprint recognition technologies. On basis of Application, the market is segmented into Airborne, Naval and Land Based. On basis of Application, the market is segmented into Airborne, Naval and Land Based. During the forecast period, the airborne application is estimated to dominate the military biometrics market. In airborne application, military biometrics is used for identifying suspicious and unauthorized people. This technology is used to counter air terrorism, infiltration, and smuggling along borders of a country which will help improve security at airports. Naval application is also expected to witness a steady growth in military biometrics market through the forecast period. This technology is extensively being implemented by defense forces across the world to prevent intrusions, smuggling of weapons and drugs into the country's territorial waters. Also used to maintain a record of visitors and workers entering and leaving the naval vessels. Land-based application dominated the military biometrics in past few years. Land-based applications can be used to verify the identities of people who are passing through certain boundaries, such as security checkpoints or military installations. It is also used for Identity verification at border crossings for soldiers who are returning from deployment to their home base. This can be used to help with logistics, intelligence services, etc.

Military Biometrics Market Regional Analysis

North America is expected to dominate the military biometrics market during the forecast period. North America is estimated to contribute the highest share of the market. The dominance of North America through the forecast period is due to increased investment in the defense and military domain. North America has the most vital military sector globally and is always focused on adopting and developing advanced security solutions to strengthen military capabilities. Moreover, various OEMs engaged in the military biometrics market, like HID Global Corporation, Aware, Inc., and Fulcrum Biometrics LLC, are driving the market growth in North America. Asia Pacific is estimated to register the second-highest market share and witness significant growth in the market during the forecast period. This growth is attributed to the growing focus on strengthening China and India's military securities and defense budget. The ever-increasing defense budgets allow them to procure or develop more security solutions, for example, a military biometric system. Europe is expected to hold the third-largest market share during the forecast period. The leading countries in Europe include United Kingdom, Germany, and France, focusing on upgrading their defense system by upgrading their authentication systems. Furthermore, the countries are also trying to restrict the entry of illegal migrations from underdeveloped nations. The Middle East and Africa region is also expected to witness steady demand for military biometrics due to countries such as U.A.E. and Saudi Arabia, which invest primarly to upgrade their security and defence. Furthermore, this region also includes countries like Syria and Iraq, witnessing constant terrorist activities. South America holds the smallest market share and is expected to witness steady growth due to the countries' weak economic conditions. The objective of the report is to present a comprehensive analysis of the global Military Biometrics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Military Biometrics Market dynamic, structure by analyzing the market segments and projecting the Military Biometrics Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Military Biometrics Market make the report investor’s guide.

Military Biometrics Market Scope: Inquire before buying

Military Biometrics
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 8.66 Bn.
Forecast Period 2023 to 2029 CAGR: 7.4% Market Size in 2029: US $ 14.28 Bn.
Segments Covered: by Technology • Fingerprint Recognition • Iris Recognition • Facial Recognition
by Components • Software • Harware o Fingerprint Readers & Scanners o Cameras o Mobile Biometric Devices o Others
by Application • Airborne • Naval • Land-Based

Military Biometrics Market, by Region

North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)

Military Biometrics Market Key Players

• Aware, Inc. • 3M Cogent, Inc. • Crossmatch Technologies • M2SYS Technology • BIO-Key International, Inc. • Fulcrum Biometrics LLC • Idemia • Aware Inc. • Fulcrum Biometrics LLC • ZKTECO Cp. Ltd. • Thales Group • Leidos Holdings Inc. • Corvus Integration Inc. • HID Global Corporation • M2SYS Technology • NEC Corporation • Safran Identity and Security Frequently Asked Questions: 1. Which region has the largest share in Global Military Biometrics Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Military Biometrics Market? Ans: The Global Military Biometrics Market is growing at a CAGR of 7.4% during forecasting period 2023-2029. 3. What is scope of the Global Military Biometrics Market report? Ans: Global Military Biometrics Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Military Biometrics Market? Ans: The important key players in the Global Military Biometrics Market are – Aware, Inc., 3M Cogent, Inc., Crossmatch Technologies, M2SYS Technology, BIO-Key International, Inc., Fulcrum Biometrics LLC, Idemia, Aware Inc., Fulcrum Biometrics LLC, ZKTECO Cp. Ltd., Thales Group, Leidos Holdings Inc., Corvus Integration Inc., HID Global Corporation, M2SYS Technology, NEC Corporation, Safran Identity and Security 5. What is the study period of this Market? Ans: The Global Military Biometrics Market is studied from 2022 to 2029.
1. Military Biometrics Market Size: Research Methodology 2. Military Biometrics Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Military Biometrics Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Military Biometrics Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 3.12. COVID-19 Impact 4. Military Biometrics Market Size Segmentation 4.1. Military Biometrics Market, by Technology (2022-2029) • Fingerprint Recognition • Iris Recognition • Facial Recognition 4.2. Military Biometrics Market, by Application (2022-2029) • Airborne • Naval • Land-Based 4.3. Military Biometrics Market, by Components (2022-2029) • Software • Hardware o Fingerprint reader & scanner o Cameras o Mobile biometric devices o Others 4.4. Military Biometrics Market, by Region (2022-2029) • North America • Asia Pacific • Europe • Middle East & Africa • South America 5. North America Military Biometrics Market (2022-2029) 5.1. North America Military Biometrics Market, by Technology (2022-2029) • Fingerprint Recognition • Iris Recognition • Facial Recognition 5.2. North America Military Biometrics Market, by Application (2022-2029) • Airborne • Naval • Land-Based 5.3. North America Military Biometrics Market , by Components (2022-2029) • Software • Hardware o Fingerprint reader & scanner o Cameras o Mobile biometric devices o Others 5.4. North America Military Biometrics Market , by County(2022-2029) • United States • Canada 6. European Military Biometrics Market (2022-2029) 6.1. European Military Biometrics Market , by Technology (2022-2029) 6.2. European Military Biometrics Market , by Application(2022-2029) 6.3. European Military Biometrics Market , by Components (2022-2029) 6.4. European Military Biometrics Market , by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Military Biometrics Market (2022-2029) 7.1. Asia Pacific Military Biometrics Market , by Technology (2022-2029) 7.2. Asia Pacific Military Biometrics Market , by Application (2022-2029) 7.3. Asia Pacific Military Biometrics Market , by Components (2022-2029) 7.4. Asia Pacific Military Biometrics Market , by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Military Biometrics Market (2022-2029) 8.1. Middle East and Africa Military Biometrics Market , by Technology (2022-2029) 8.2. Middle East and Africa Military Biometrics Market , by Application (2022-2029) 8.3. Middle East and Africa Military Biometrics Market , by Components (2022-2029) 8.4. Middle East and Africa Military Biometrics Market , by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Military Biometrics Market (2022-2029) 9.1. South America Military Biometrics Market , by Technology (2022-2029) 9.2. South America Military Biometrics Market , by Application (2022-2029) 9.3. South America Military Biometrics Market , by Components (2022-2029) 9.4. South America Military Biometrics Market , by Country (2022-2029) • Brazil • Mexico • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Aware, Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. 3M Cogent, Inc. 10.3. Crossmatch Technologies 10.4. M2SYS Technology 10.5. BIO-Key International, Inc. 10.6. Fulcrum Biometrics LLC 10.7. Idemia 10.8. Aware Inc. 10.9. Fulcrum Biometrics LLC 10.10. ZKTECO Cp. Ltd. 10.11. Thales Group 10.12. Leidos Holdings Inc. 10.13. Corvus Integration Inc. 10.14. HID Corporation 10.15. M2SYS Technology 10.16. NEC Corporation 10.17. Safran Identity and Security
  • INQUIRE BEFORE BUYING