The changing dynamics in Military Biometrics Market with covid-19 impact assessment

The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Military Biometrics Market.

It was estimated prior to this unanticipated outbreak that the Military Biometrics Market is likely to witness an impressive CAGR of 4.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Military Biometrics Market Segment Insights:

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.

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.