Surge in illegal immigrations promotes the growth in Global Military Biometrics Market
Market Overview:
The global military biometrics market is supposed to grow steadily at a CAGR of 7.4% between 2020 and 2025, reaching US$ 10,620.6 million.

The increasing threat to national security due to the increase in the number of illegal migrations is one of the main driving forces contributing to the growth of the global military biometric market. The increase in the number of illegal immigrants affects the growth of the economy, since people who reside illegally are not required to pay any type of tax to the government. Furthermore, fear of terrorism is another problem that may be linked to illegal migration. The use of biometric authentication helps to identify people entering the country. Therefore, the demand for biometrics in defense applications is expected to increase significantly during the forecast period.

Recent Developments:
Aware, Inc., a leading global provider of biometric software and solutions, announced that it has provided software and services to the United States Marine Corps to support its identity operations.

Market Drivers and Restraints:
Biometric authentication is one of the most popular methods for identifying individuality. Increasing threats to national security stemming from illegal immigration, growing security concerns, increasing adoption of national security, and elevated refugee incursions are driving the global military biometrics market. However, limitations regarding data accuracy, data protection, and high cost of implementation could limit market growth.

The global market for military biometrics is expected to expand significantly in developed regions, due to the full use of biometric technology in the military and defense industry. However, the installation of biometric authentication systems is complex and requires qualified personnel to perform the task. There is also the possibility that a system breach could cause the loss of data or information. Also, the full system installation cannot be easily restored. These are some of the main factors hampering the demand for biometric systems in the defense industry due to the need for a high level of security to protect against the breach of highly confidential data.

Impact of COVID-19:
The coronavirus will affect the global biometric systems business, which will largely depend on how the situation stabilizes globally and when factories start operating at full capacity. The demand for contact-based biometric systems has been the hardest hit by the COVID-19 pandemic outbreak. Even after the pandemic has receded, the demand for contact-based biometric systems is likely to decline dramatically to prevent the spread of the coronavirus. Similarly, contactless biometric systems such as facial recognition, iris recognition, and voice recognition are expected to see an increase in demand after COVID-19.

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Report is segmented as:
By type:
• Fingerprint recognition
• Facial recognition
• Iris recognition

The fingerprint recognition segment has been analyzed as the largest market. Fingerprint recognition is the most common authentication system used by most defense agencies around the world. However, the precision of iris recognition is likely to strongly drive demand for this segment in the future. Furthermore, facial recognition is also growing steadily due to its wide use in border security and surveillance.

Geographical segmentation:
Based on geography, the global military biometrics market is divided into regions of the Asia Pacific, Latin America, North America, Europe, the Middle East and Africa. Among these regions, market revenue in North America is expected to be relatively higher than in other countries. This is due to the growing demand from security and defense agencies to curb the illegal influx of migrants from Mexico.

Key market players:
• 3M Cogent, Inc.
• Aware, Inc.
• BIO-Key International, Inc.
• Crossmatch
• Fulcrum Biometrics LLC
• HID Global Corporation
• M2SYS Technology
• NEC Corporation
• Safran Identity and Security
• Thales Group

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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