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A biometric system is an electronic system that uses to authenticate the identity of an individual. The biometric system comprises hardware and software components that are utilized to take physical input from individuals and processes that input data to get authentication. The authentication can be done through different technologies such as fingerprint recognition, facial recognition, iris recognition, and others. The threat to the security of the nation is increased with an increase in the number of illegal migrants. Border security is a very crucial part of the nation's security. Hence the demand for military biometric systems has increased to strengthen border security.
An increase in the number of illegal migrations and rising adoption of iris recognition biometric systems for military applications are the key factors that are expected to drive the growth of the market during the forecast period. However, owing to changing the war nature the threat of cyber attack is increased, which raises the concern towards biometric data security. Protecting biometric data from cyber-attack is a major challenge that is expected to hamper the market growth. Despite this, a rising focus on strengthening the nation's security, the government allocating the large budget for the procurement and development of advanced solutions that are estimated to create ample growth opportunities in the market.
Based on technology the military biometrics market is segmented into fingerprint recognition, facial recognition, iris recognition, and others. The iris recognition segment is anticipated to grow with the fastest growth rate during the forecast period. Iris recognition technology offers fast and accurate recognition compared to other technologies. By solution, the market is divided into hardware and software. By hardware, the market is sub-divided into fingerprint readers & scanners, mobile biometric devices, cameras, and others. Among these, the camera segment witness high growth owing to an increase in demand for iris recognition and facial recognition technologies. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, and Rest of the world.
Key Market Driver -
Increase in number of illicit migrants is driving the demand for military biometric system
Key Market Restraint -
Protecting biometric data from cyber-attack is a major challenge that expected to hamper the market growth
The major companies involved in the global military biometrics market report are M2SYS Technology (the U.S.), NEC Corporation (Japan), IDEMIA (France), Aware, Inc. (the U.S.), BIO-Key International, Inc. (the U.S.), Fulcrum Biometrics LLC (the U.S.), HID Global Corporation (the U.S.), Corvus Integration, Inc. (The U.S.), Thales Group (France), Leidos Holdings Inc. (The U.S.), and others.
The military biometrics market is segmented into North America, Europe, Asia Pacific, and Rest of the world. Among these, North America is estimated to contribute the highest share in the market. The dominance of North America is predicted to be high throughout the forecast period owing to high investment in the defense domain. For FY 2020, the U.S. government is allocated USD 738.5 Billion for the defense sector. North America has the strongest military sector in the world and always focusing on the adoption and development of advanced security solutions to strengthen military capabilities. Moreover, the presence of various OEMs engaged in the military biometrics market such as HID Global Corporation, Aware, Inc., and Fulcrum Biometrics LLC among others are driving the market growth in North America.
Asia Pacific has expected 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 the military securities and defense budget in China and India. The growing defense budgets allow them to procure or develop more security solutions, for example, a military biometric system.
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