Military Biometrics Market Trend Evaluation with covid-19 impact

Military Biometrics Market Trend Evaluation with covid-19 impact

December 03, 2020

This new report from Stratview Research analyses the Military Biometrics Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Military Biometrics Market Overview:

The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Military Biometrics Market is no different. Derived from the previous market scenario, the Military Biometrics Market is likely to witness an impressive CAGR of 4.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.

Salient Features of the Report

The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.

The following are the key features of the report:

  • Strategic segmentation
  • Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Detailed Competitive Rivalry landscaping
  • Market trend and forecast analysis
  • Future Growth Boulevards  

Get access to a deeper coverage of the impact of COVID-19 on this Market here:

Market Share Analysis

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.

Click below to run through the detailed ToC of the report:

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.

Click here for other high value market reports from Stratview Research in the Aerospace & Defence Industry:

About Stratview Research

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.

Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. 

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Author : Emily


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