Quick Summary:
In an era of crime sophistication and an increasing prevalence of cybercrimes, the global forensic technologies market comes into the spotlight more than ever before. As a system of precise investigation, retrieval, and forensic analysis, these technologies are invaluable in addressing regulatory, litigation, and financial crime requirements in industries like banking, healthcare, and telecommunications. Cutting-edge advancements in forensic technology, from alternative light photography to facial reconstruction and drug testing, are raising the bar in crime-solving efficacy.
Navigating the intricacies of this market necessitates a comprehensive understanding of its scope and trajectory. This forensic technologies market report offers you precisely that, providing deep insights into key trends, market segmentation, and competitive landscape. It covers an analysis ranging from an overview of the market to micro-details of industry performance, recent trends, key market drivers and challenges, and so on. This report, designed for industry players, investors, consultants, and business strategists, is a pivotal tool for anyone planning to enter or stake a claim in the forensic technologies market. With its exhaustive analysis, the report ensures you are strategically positioned for the growth opportunities this powerful market holds.
The global forensic technologies market size reached US$ 19.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 36.8 Billion by 2028, exhibiting a growth rate (CAGR) of 9.6% during 2023-2028.
Forensic technology refers to the scientific system of investigating, searching, retrieving and analyzing the evidence gathered from the site of crime. The technology enables the user to collect information to address investigations, litigation issues, regulatory and financial crime requirements. Numerous procedures and equipment, such as data examination and charting tools, record management systems (RMS), closed circuit televisions (CCTV), license plate recognition (LPR) systems and DNA confirmation equipment, are used to conduct forensic investigations. In recent years, advanced technologies, such as alternative light photography that uses blue and orange light filters to determine the extent of damage on the skin, along with facial reconstruction and drug testing, are also widely used as a part of forensic investigation.
An alarmingly increasing crime rate is one of the key factors driving the market growth. Furthermore, the sophistication and finesse in the crimes committed are further contributing to the high demand for advanced forensic technologies for investigating and solving cases across various industries, including banking, healthcare and telecommunications. Also, the rising prevalence of cybercrimes has provided a boost to digital forensic technologies that are utilized for responding to incidents of procurement fraud, white-collar crimes and IP infringement. Cybercrime experts use a technology-based approach for data preservation, document control, data recovery and analysis. Additionally, rapid development in DNA testing technology is also creating a positive outlook for the market. Owing to advantages such as high accuracy, investigator’s compliance and greater reproducibility, procedures such as DNA sequencing, magnetic fingerprinting, facial reconstruction and integrated ballistic systems are widely being adopted. Moreover, the implementation of favorable government policies and funding to support forensic research and development (R&D) are also expected to positively impact the industry growth.
The publisher's latest report provides a deep insight into the global forensic technologies market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the forensic technologies market in any manner.
Forensic technology refers to the scientific system of investigating, searching, retrieving and analyzing the evidence gathered from the site of crime. The technology enables the user to collect information to address investigations, litigation issues, regulatory and financial crime requirements. Numerous procedures and equipment, such as data examination and charting tools, record management systems (RMS), closed circuit televisions (CCTV), license plate recognition (LPR) systems and DNA confirmation equipment, are used to conduct forensic investigations. In recent years, advanced technologies, such as alternative light photography that uses blue and orange light filters to determine the extent of damage on the skin, along with facial reconstruction and drug testing, are also widely used as a part of forensic investigation.
An alarmingly increasing crime rate is one of the key factors driving the market growth. Furthermore, the sophistication and finesse in the crimes committed are further contributing to the high demand for advanced forensic technologies for investigating and solving cases across various industries, including banking, healthcare and telecommunications. Also, the rising prevalence of cybercrimes has provided a boost to digital forensic technologies that are utilized for responding to incidents of procurement fraud, white-collar crimes and IP infringement. Cybercrime experts use a technology-based approach for data preservation, document control, data recovery and analysis. Additionally, rapid development in DNA testing technology is also creating a positive outlook for the market. Owing to advantages such as high accuracy, investigator’s compliance and greater reproducibility, procedures such as DNA sequencing, magnetic fingerprinting, facial reconstruction and integrated ballistic systems are widely being adopted. Moreover, the implementation of favorable government policies and funding to support forensic research and development (R&D) are also expected to positively impact the industry growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global forensic technologies market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product, service, technique and application.Breakup by Product:
- Digital & Computer Forensics
- Ballistic Forensics
- DNA Testing
- Biometrics
- Others
Breakup by Service:
- Laboratory Forensics
- DNA Testing
- Drug Testing
- Biometrics
- Others
- Forensic Consulting
Breakup by Technique:
- Polymerase Chain Reaction (PCR)
- Capillary Electrophoresis
- Next-Generation Sequencing
- Rapid DNA Analysis
- Automated Liquid Handling Technology
- Microarrays
- Others
Breakup by Application:
- Pharmacogenetics
- Biodefense & Bio-Surveillance
- Judicial and Law Enforcement
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being Agilent Technologies, GE Healthcare, LGC, Promega, IDEMIA, Canon, Thermo Fisher Scientific, Bio-Rad Laboratories, Shimadzu Corp, NetBio, SCIEX, Forensic Fluids Laboratories, NMS Labs, Eurofins Medigenomix GmbH, Forensic Pathways, Pyramidal Technologies Ltd, etc.The publisher's latest report provides a deep insight into the global forensic technologies market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the forensic technologies market in any manner.
Key Questions Answered in This Report:
- How has the global forensic technologies market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global forensic technologies industry?
- What has been the impact of COVID-19 on the global forensic technologies market?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the service?
- What is the breakup of the market based on the technique?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the global forensic technologies industry?
- What are the key driving factors and challenges in the global forensic technologies industry?
- What is the structure of the global forensic technologies industry and who are the key players?
- What is the degree of competition in the global forensic technologies industry?
Frequently Asked Questions about the Global Forensic Technologies Market
What is the estimated value of the Global Forensic Technologies Market?
What is the growth rate of the Global Forensic Technologies Market?
What is the forecasted size of the Global Forensic Technologies Market?
Who are the key companies in the Global Forensic Technologies Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | July 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 19.2 Billion |
| Forecasted Market Value ( USD | $ 36.8 Billion |
| Compound Annual Growth Rate | 11.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 16 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Forensic Technologies Market
6 Market Breakup by Product
7 Market Breakup by Service
8 Market Breakup by Technique
9 Market Breakup by Application
10 Market Breakup by Region
11 SWOT Analysis
13 Porter’s Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Agilent Technologies
- GE Healthcare
- LGC
- Promega
- IDEMIA
- Canon
- Thermo Fisher Scientific
- Bio-Rad Laboratories
- Shimadzu Corp
- NetBio
- SCIEX
- Forensic Fluids Laboratories
- NMS Labs
- Eurofins Medigenomix GmbH
- Forensic Pathways
- Pyramidal Technologies Ltd.
Methodology
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