Military Biometrics Market Analysis | 2024-2030

Market Insights

The military biometrics market was estimated at USD 6.8 billion in 2023 and is likely to grow at a CAGR of 6.36% during 2024-2030 to reach USD 10.49 billion in 2030.

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Market Dynamics

Introduction

Military biometrics involves the use of advanced biometric technologies, such as fingerprint recognition, facial recognition, iris scanning, and voice identification, to enhance security, authentication, and operational efficiency in defense applications. These systems are deployed for identity verification, access control, border security, and surveillance, ensuring accurate identification of personnel and threats. Military biometrics plays a crucial role in combating terrorism, securing critical infrastructure, and streamlining troop management. By integrating biometrics with advanced data analytics and artificial intelligence, defense forces gain real-time insights and improved decision-making capabilities, strengthening national security and addressing evolving challenges in modern warfare and border protection.

Market Drivers

The prime factor that is contributing to the demand for military biometrics are: 

• The increasing focus on biometric technology for security in response to rising threat on national security, growing terrorism activities, illegal immigration.
• Growing security concern, and high refugee incursion, which are driving the military biometrics market globally.

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Key Players

The following are the key players in the military biometrics market

• Aware Inc.
• Corvus Integration Inc.
• Fulcrum Biometrics LLC
• HID Global
• Idemia
• Leidos Holdings Inc.
• M2SYS Technology
• NEC Corporation
• Safran Identity and Security
• ZKTECO Co. Ltd.
• Others.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Recognition Type

"Fingerprint recognition segment is likely to remain the largest segment during the forecast period"

Based on the recognition type, the market is segmented as fingerprint recognition, facial recognition, iris recognition, and others. The fingerprint recognition segment is likely to remain the largest segment during the forecast period. Fingerprint recognition is the most-commonly type used authentication system in most of the defense agencies globally. Iris recognition to register the highest CAGR owing to its high accuracy.  

Regional Analysis

"North America is estimated to be the largest military biometrics market during the forecast period"

In terms of regions, North America is estimated to be the largest military biometrics market during the forecast period, with the increasing concern for illegal migration. Asia-Pacific to be the fastest-growing market during the forecast period owing to the increasing adoption of biometric authentication in defense and upgrading security measures especially in developing countries such as China and India.

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s military biometrics market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The military biometrics market is segmented into the following categories

By Recognition Type

• Fingerprint Recognition 
• Facial Recognition 
• Iris Recognition 
• Others 

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the recognition types by region.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com