Advanced Authentication Market in Defense Industry - Growth, Trends, COVID-19 Impact, and Forecasts (2024 - 2029)

Defense Industry Advanced Authentication Industry Overview

The Advanced Authentication Market in Defense Industryis a highly fragmented market. In terms of market share, severalmajor players continue to hold a considerable share in the overall market, especially across developed economies in regions such as North America and Europe. The leaders constantly keep innovating for the new technology and investing in research and development.These companies are leveraging collaborative initiatives to increase their market share and increase their profitability.

• August 2019 -The Ministry Of Foreign Affairs (MOFA) of Thailand contract Gemalto to supply 15 million e-passports to its citizens over the next seven years. By bringing superior standards of technology and enhancing local technical expertise, the company aligns closely with the Government’s ‘Thailand 4.0’ initiative which aims to drive Thailand towards innovation and value-based economy.
• January 2018 - Gemalto launched its first biometric EMV card into the market. The company highlighted the features of on-card storage technology used to store sensitive biometric information with maximum security. The launch is expected to increase the company's presence in the contactless payments market.