Global Military Biometrics Market: Snapshot
The global market for military biometrics accounted for US$ 5,650.5 mn in 2016. The market is expected to grow steadily at a CAGR of 7.4% from 2017 to 2025, to reach US$ 10,620.6 mn.
North America to Continue Leading Global Military Biometrics Market
By geography, the global military biometrics market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America and Europe together held more than 55% of the global market in 2016 and expected to remain dominant during the forecast period. North America has been anticipated to be the largest market in global military biometrics market. The growing concern for illegal migration in the U.S. is expected to drive the demand for military biometrics in this region. Asia Pacific held the second largest market for military biometrics. The region has also been analyzed to be the fastest growing owing to the presence of developing nations such as India and China who are increasingly adopting the biometric authentication in defense to upgrade their security measures.
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Europe held the third largest market during the forecast period. The leading countries in Europe include Germany, France and the U.K. who are focusing on upgrading their defense capabilities by upgrading their authentication systems. Furthermore, the countries are also trying to restrict the entry of illegal migrations from under developed nations. Middle East and Africa region is also expected to witness steady demand for military biometrics owing to the presence of countries such as Saudi Arabia and U.A.E. which invest significantly to upgrade their defense and security. Furthermore, this region also includes countries like Iraq and Syria which are witnessing constant terrorist activities. Latin America holds the smallest market share and is expected to witness sluggish growth owing to the weak economic conditions of the countries present in this region.
Facial and Iris Recognition to Witness Strong Demand
3M Cogent, Inc. (United States), Crossmatch (United States), M2SYS Technology (United States), NEC Corporation (Japan), Safran Identity and Security (France), Aware, Inc. ( United States), BIO-Key International, Inc. (United States), Fulcrum Biometrics LLC (United States) and HID Global Corporation (United States) among others are some of the major players in global military biometrics market.
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Rising Need for Authentication to Drive Military Biometrics Market
The increasing demand for combating terrorism have propelled various nations to adopt the latst and most advanced form of biometrics for use in military applications. This is expected to promote the growth of the global military biometrics market in the coming years. With developing requirement for tending to penetration and comparative security issues, it has gotten most extreme critical to embrace military biometrics. The developing number of countries battling with manufactured characters, personality burglaries, and unlawful settlements will prod an uplifted interest for military biometrics. An ever increasing number of air terminals and lines across nations are utilizing biometrics confirmation frameworks in an offer to diminish illegal intimidation and fear assaults.
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