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    Military Biometrics Market | Covid-19 Impact Analysis

    Military Biometrics Market | Covid-19 Impact Analysis

    Military Biometrics Market | Covid-19 Impact Analysis
    Report code - SRAD324 Delivery - 2 Weeks
    Military Biometrics Market Size, Share, Trend, Forecast, & Industry Analysis – 2 See more...
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    Impact of COVID-19 on Military Biometrics Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Military Biometrics Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Military Biometrics Market Insights

    Military biometrics market is likely to witness a healthy CAGR of 4.2% during the forecast period. The prime factor that is contributing to the demand for military biometrics is 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.

    Military Biometrics Market - Snapshot

    Growth

    4.2% for the next five years

    Major Recognition Type

    Fingerprint Recognition

    Region with the highest demand

    North America

    Key Players

    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., and Others.

     

    Market Share Analysis

    Military-Biometrics-Market-Dominant-Segments

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    Military Biometrics Market Share: By Recognition Type

    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.  

    Military Biometrics Market Share: By Region

    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.

    Military-Biometrics-Market-By-Region

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    Some of the major military biometric manufacturers are-

    • 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.

     

    Market Scope & Segmentation

    Biometric systems are used to measure and statistically analyze any individual’s unique physical and behavioral characteristics. Biometric identifications such as DNA and fingerprints authenticate the secured entry or access to data. Various types of biometric recognitions are facial recognition, fingerprint recognition, iris recognition, vein recognition, voice recognition, palm recognition, etc.

    This report studies the market covering a period of 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.

    Military Biometrics Market Research Report - Features

    Market Segmentation

    2

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >80

    Company Profiles

    10

     

    The military biometrics market is segmented into the following categories. 

    Military Biometrics Market Size, Share, & Forecast, by Recognition Type:

    • Fingerprint Recognition (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Facial Recognition (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Iris Recognition (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Military Biometrics Market Size, Share, & Forecast, 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)

    Military-Biometrics-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the 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 the market dynamics and will enable strategic decision making for the 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, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    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 [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Military Biometrics Market in the foreseeable future?

    The military biometrics market is expected to witness an impressive growth of 4.2% CAGR in the foreseeable future.

    Who 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., and Others are among the key players in the military biometrics market.

    Which country/region is expected to be the largest Military Biometrics Market?

    North America is expected to be the largest military biometrics market during the next five years.

    Which recognition type is expected to register the highest CAGR in the Military Biometrics Market?

    Iris recognition is expected to register the highest CAGR in the military biometrics market in the coming years.

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