Military Biometrics Market Forecast Expanding Worldwide by 2023-2030

The global military biometrics market size is set to gain stride on account of the increasing demand for sophisticated weapons for national security purposes worldwide, shares Fortune Business Insights™ in an upcoming report, titled, "Military Biometrics Market, 2023-2030". The global war on terrorism has heightened the interest in biometric technology as a security solution for detecting and monitoring potential threats, which will fuel this market's growth in the coming years. Several international organizations are leading the fight against terrorism. 

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Segments:

Based on technology, the market is segmented into fingerprint recognition, iris recognition, and others.  In terms of solution, the market is divided into hardware and software. By geography, the market has been categorized into North America, Europe, Asia Pacific, and the Rest of the World.

Report Highlights:

The report offers comprehensive analyses of existing companies that are redefining the dynamics of this market. In addition to that, it provides an accurate assessment of the market by highlighting data on multiple aspects related to growth drivers, opportunities, trends, and hindrances. It also represents the overall market size from a global perspective by analyzing historical data and providing qualitative insights.

Drivers & Restraints:

Growing Body of Research in Military Biometrics to Fuel the Market

Threats to world peace and harmony have evolved over the past few years. Today, wars are being fought stealthily, involving the deployment of highly sophisticated defense technologies. To augment these technologies, many organizations are conducting intense research to explore and widen the scope of biometrics in military applications. For example, in February 2020, the Army Futures Command's Command, Control, Communications, Computers, Cyber and Intelligence, Surveillance and Reconnaissance (C5ISR) Center developed biometric software to enable the US Army to identify persons at critical checkpoints across the country. Similarly, the US Army Research Laboratory has been developing facial recognition-thermal imagery technology that will allow soldiers to identify persons of interest in the dark. These promising advancements are, thus, rapidly broadening the outlook of this market.  

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Regional Insights:

North America to Witness the Highest Growth Backed by Heavy R&D Investments  

North America is expected to lead the military biometrics market share on account of high investments in defense research & development. The US military is also investing heavily in creating a biometric authentication scheme, which is expected to eventually replace conventional passwords for web users. Moreover, the US military has also agreed to work with West Point to create cognitive fingerprints, which use behavioral characteristics rather than fingerprints to establish an individual's identity.

The adoption of authentication solutions for military biometrics in defense and upgrading security measures, especially in developing countries such as China and India, would propel the market in Asia-Pacific during the forecast period.

Competitive Landscape:

Key Players to Focus on Engineering Next-Gen Military Biometrics Tools

In recent years, military biometric technologies have seen significant advancements and key players in this market are stepping up their investments in military R&D. These companies are focused on securing government contracts to speed up the development of cutting-edge biometric solutions for the defense sector. In 2017, for instance, the Intelligence Advanced Research Projects Activity (IARPA) awarded Crossmatch Technologies Inc. a contract worth USD 5.8 million to build next-generation presentation attack detection (PAD) technologies for the IARPA's Thor program.

Industry Development:

May 2020: NEC created the world's most precise touchless, multimodal biometric authentication terminal. It came out on top in the US National Institute of Standards and Technology's recognition technology benchmark tests (NIST).

June 2019: Italy-headquartered Green Bit was acquired by Gemalto, a company owned by Thales, to improve biometric capture capacity. Merging Green Bit its government business unit, Gemalto aims at enhancing its software and fingerprint scanner capabilities.

List of Key Players Profiled in the Military Biometrics Market Report

M2SYS Technology
NEC Corporation
IDEMIA
Aware Inc.
Thales Group
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This release was published on openPR.