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The global biometric systems market is estimated to value US$4.4 billion in 2015 and increase at a CAGR of 8.70% during the forecast period, to reach a peak of US$10.2 billion by 2025. The market consists of five categories of biometric systems: fingerprint recognition, facial recognition, iris/retinal recognition, signature recognition, and other technologies.
Reasons To Buy
"The Global Government Biometric Systems Market 2015-2025 - Market Size and Drivers: Market Profile" allows you to:
- Gain insight into the Government Biometric Systems market with current and forecast market values.
- Understand the key drivers and attractiveness parameters of the global Government Biometric Systems market.
- Understand the various factors impacting the growth of the Government Biometric Systems market.
Table of Contents
1.1 What is this Report About?
1.3 Summary Methodology
1.4 About Strategic Defence Intelligence
2 Global Government Biometric Systems Market Size and Drivers
2.1 Biometric Systems Market Size and Forecast 2015-2025
2.1.1 Global government biometric systems market to show positive growth during the forecast period
2.2 Global Biometric Systems Market - Regional Analysis
2.2.1 North America dominates the global biometric systems market
2.2.2 Demand for fingerprint recognition systems in the US to drive the North American biometric systems market
2.2.3 Government biometrics expenditure in the Asia-Pacific region to witness substantial growth over the forecast period
2.2.4 E-Passports and national ID programs to drive the European spending on biometrics market
2.2.5 Markets in the Middle East to record robust spending on biometrics systems
2.2.6 Latin America set to be a lucrative market for biometric systems
2.2.7 Markets in Africa expected to increase over the forecast period
2.3 Government Biometric Systems Sub-Sector Market Size Composition
2.3.1 Biometric fingerprint identification expected to constitute the largest segment of expenditure
2.3.2 Facial recognition expected to constitute the second largest segment
2.3.3 Iris/ retinal recognition segment expected to rise at a CAGR of 10.57% during the forecast period
2.3.4 Signature recognition segment to account for 7.8% of biometric systems market
2.3.5 Market for other technologies to grow at a CAGR of 11.25% over the forecast period
2.4 Demand Drivers and Growth Stimulators
2.4.1 Government and law enforcement projects to boost demand for biometric systems
2.4.2 Greater need for surveillance and security at the Global events driving demand for biometric solutions
2.4.3 Technological upgrades and advancements acting as a key driver for spending on the market
2.5 Defense Budget Spending Review
2.5.1 European capital expenditure expected to increase during the forecast period
2.5.2 Asian defense budgets expected to increase at a robust pace
2.5.3 North American defense expenditure projected to increase marginally during the forecast period
2.5.4 Modernization programs likely to drive defense expenditure in South American countries
2.5.5 Military budgets of African countries expected to increase during the forecast period
2.5.6 Middle Eastern defense budgets likely to increase during the forecast period
2.6 Defense Modernization Review
2.6.1 Debt crisis in Europe leading to postponement of modernization plans
2.6.2 Arms race in Asia reflected in modernization plans
2.6.3 North American modernization plans marginally affected by economic recession
2.6.4 Modernization programs in South America driven by replacement of obsolete armaments
2.6.5 African countries mainly spending on infantry weapons, and surveillance and monitoring equipment, to slow growing crime rate
2.6.6 Middle Eastern countries pursuing modernization of air force and air defense systems
3.2 About SDI
List of Tables
Table 1: Global Biometric Systems Market Overview
Table 2: Global Government Biometric Systems Market Overview
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