USD 14.78 billion
Report ID: SQMIG35J2036 | Region: Global | Published Date: April, 2023 | Pages: 165 | Tables: 153 | Figures: 78
Global Forensic Technologies Market size was valued at USD 14.78 billion in 2021 and is poised to grow from USD 16.61 billion in 2022 to USD 41.92 billion by 2030, growing at a CAGR of 12.28% in the forecast period (2023-2030).
Forensic technology is the scientific method of investigating, looking for, recovering, and analysing evidence acquired at the scene of a crime. The system enables the user to gather data for investigations, litigation, regulatory, and financial crime requirements. To perform forensic investigations, a variety of processes and equipment, such as information accumulation and charting tools, recordkeeping systems (RMS), closed circuit televisions (CCTV), licence plate recognition (LPR) systems, and DNA confirmation equipment, are employed. Sophisticated technology, such as alternative light photography, which employs blue and orange light filters to detect the amount of skin damage, as well as facial reconstructions and drug testing, have become frequently employed as part of forensic inquiry in recent years.
One of the primary aspects driving market expansion is an alarmingly rising crime rate. Furthermore, the sophistication and elegance with which crimes are perpetrated contributes to the growing need for modern forensic tools for investigating and solving cases in a variety of industries, including banking, healthcare, and telecommunications. Furthermore, the increasing frequency of cybercrime has given a boost to digital forensic tools, which are used to respond to cases of procurement fraud, white-collar crime, and intellectual property infringement. For data preservation, document management, data recovery, and analysis, cybercrime professionals employ a technology-based strategy. Furthermore, fast advancements in DNA testing technology are producing a good outlook for the industry. Procedures such as DNA sequencing, facial reconstruction, magnetic fingerprinting, and integrated ballistic systems are becoming increasingly popular due to benefits such as high accuracy, investigator compliance, and increased repeatability. Furthermore, favourable government regulations and funding to encourage forensic research and development (R&D) are projected to have a significant influence on business growth.
The global increase in the number of violent crimes is a significant growth factor for the forensic technology industry. Intentional homicide, murder, rape, and robbery are the key drivers of forensics demand, boosting expansion. According to the United Nations Office on Drugs and Crime (UNODC), the global average of intentional homicide was found to be 6.2 per 100,000 persons in their most recent survey. Furthermore, the Americas had the greatest rate of intentional homicide among all regions, followed by Africa and Asia.
As a result of a growth in the number of crimes, the number of unresolved cases has increased, necessitating the immediate use of sophisticated technology to clear the backlog of outstanding cases. The lack of tangible evidence leads to unsolved cases, demonstrating the critical necessity for forensic technologies. According to NCBI study, one-third of all homicides in the United States are unsolved and awaiting trial.
Increased spending in forensic research by different public and commercial entities are also driving the market. The Debbie Smith DNA Backlog Grant Program, for example, gives cash to both municipal and state governments in order to minimise the backlog of untested and unanalysed DNA evidence. The key goals of this programme are to undertake biological sample analyses within appropriate legal authorization, to improve the ability of state and municipal laboratories to conduct DNA tests, and to assure expedited processing. Furthermore, the Katie Sepich Enhanced DNA Collection Act of 2012 altered the Debbie Smith Grant programme to allocate monies for fiscal years 2016 through 2021 to cover the expenses of collecting DNA samples from criminal suspects.
Global Market Size
USD 14.78 billion
Largest Segment
Laboratory Forensic Technology
Fastest Growth
Laboratory Forensic Technology
Growth Rate
12.28% CAGR
To get more reports on the above market click here to Buy The Report
The Global Forensic Technologies market is segmented based on Product, Application, Service, Location, Techniques, and Region. Based on Product the market is segmented into Digital & Computer Forensics, Ballistic Forensics, DNA Testing, Biometrics, Others. Based on Service the market is segmented into Laboratory Forensics (DNA Testing, Drug Testing, Biometrics, Others), Forensic Consulting. Based on Technique the market is segmented into Polymerase Chain Reaction (PCR), Capillary Electrophoresis, Next-Generation Sequencing, Rapid DNA Analysis, Automated Liquid Handling Technology, Microarrays, Others. Based on Application the market is segmented into Pharmacogenetics, Biodefense & Bio-Surveillance, Judicial and Law Enforcement, Others. Based on Location the market is segmented into Laboratory Forensic Technology, Portable Forensic Technology. Based on region the global Forensic Technologies market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Forensic Technologies Market Analysis by Location
In 2021, laboratory forensic technology held the largest share of the location sector. This is due to the availability of testing devices that are enormous in size and designed to evaluate a high volume of samples. Furthermore, forensic specialists are more likely to use laboratory equipment since it is less expensive. Various rules have been developed to assure the high quality of forensic laboratories in order to get more accurate findings, which is expected to offer a considerable boost to the industry. During the projection period, the portable technology category is expected to increase at an exponential CAGR. The emergence of portable and handheld equipment enables for on-site operation and is widely utilised in the detection of alcohol and drug intoxication, particularly in traffic accidents. Furthermore, such portable testing equipment are likely to help laboratories reduce the backlog of ongoing criminal cases.
To get detailed analysis on other segments, Request For Sample Report
Due to the increased prevalence of violent crimes and the resulting increase in forensic analysis in the area, North America accounted for the largest share of around 39.19% in 2021. Furthermore, private businesses and agencies of law enforcement are promoting forensic services usage in a range of industries, including healthcare. Similarly, the advancement of improved healthcare facilities and sophisticated forensic procedures has boosted the efficiency of forensic analysis in the area, which is expected to drive the market. In 2021, the United States held the largest proportion of the North American forensic technology market. This may be ascribed to key companies' local presence, a growth in the usage of technologically advanced forensic solutions, high overall crime rates, and expanding activities done by governmental and private groups. Thermo Fisher Scientific Inc., Agilent Technologies, Inc., SPEX Forensics, GE Healthcare, Forensic Fluids Laboratories, Neogen Corporation, NMS Labs, and Verogen, Inc. are some of the key players in the development and commercialization of various forensic solutions and services based in the United States.
In 2021, Japan had the largest share in the Asia Pacific area. Its dominant market share may be attributable to leading market players continually pushing their goods for a variety of applications. Shimadzu, a leading producer of mass spectrometers, is pushing its devices for drug toxicity research. In partnership with Nagoya University Hospital, the business created a database of 68 substances linked to poisonings induced by disinfectant contamination of intravenous drips.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Forensic Technologies Market Driver
Portable forensics and laboratory forensics are where participants in the global forensic technologies market are focusing their efforts. Laboratory forensics accounted for a sizable portion of the global forensic technology market in 2021. This is due to effective and efficient laboratory findings, as samples can be evaluated without contamination, despite the fact that most pieces of evidence at a crime scene are contaminated. Adoption of laboratory information management software (LIMS) to perform multiple tasks at once in laboratory settings is expected to drive market growth.
Forensic technology is the scientific technique for evaluating, locating, investigating, and collecting evidence from crime scenes. To perform forensic investigations, a variety of equipment and methods such as DNA confirmation equipment, data evaluation and charting tools, closed circuit televisions (CCTV), record management systems (RMS), and licence plate recognition (LPR) systems are used. Alternative light photography, which uses blue and orange light filters to quantify the level of skin damage, as well as drug testing and facial reconstruction, are frequently employed as an important aspect of forensic inquiry.
Forensic Technologies Market Restraint
Despite the growing number of applications for healthcare asset management solutions, the high cost of a few Real-time location systems (RTLS) solutions may hinder market growth to some extent. Furthermore, a lack of understanding about the use of asset management software among the people of emerging nations is a significant factor impeding market growth during the projection period.
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
Key competitors in the global forensic technologies market are strengthening their market positions via different methods such as mergers and acquisitions and research partnerships with other firms to offer novel products and solidify their market positions globally. Some of the expansion methods used by players in the global forensic technology market are as follows: Agilent Technologies introduced the Triple Quadruple LC/MS System. The product introduction broadened the company's products and allowed it to go into new research areas such as forensic toxicology, clinical research, environmental testing, and peptide quantification. The top companies are undertaking comprehensive tactics to maintain a highly competitive environment. Key participants include Agilent Technologies, Thermo Fisher Scientific, SPEX Forensics, and LGC Limited. These firms often use methods such as mergers and acquisitions, new product development projects, and geographical expansion to grow their market share and compete. For instance, Cellebrite has acquired BlackBag Technologies, a business that specialises in computer forensics. According to sources, the transaction's overall value was projected to be 33 million USD. BlackBag is a firm that provides forensic analysis tools for Apple macOS, Microsoft Windows, iOS, and Google Android-based mobile and computer systems.
Forensic Technologies Market Top Player's Company Profiles
Forensic Technologies Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, we found that North America accounted for 39.19% of the market in 2021 due to a rise in violent crimes and forensic analysis. Private companies and law enforcement organisations are advertising forensic services in several areas, including healthcare. Improved healthcare facilities and forensic processes have raised the efficiency of forensic analysis in the area, driving the market. The US dominated the North American forensic technology industry in 2021.
Rising crime rates are fuelling market growth. The intricacy and elegance of crimes leads to the demand for sophisticated forensic techniques in banking, healthcare, and telecommunications. Cybercrime has boosted digital forensic technologies used to respond to procurement fraud, white-collar crime, and IP infringement. Cybercrime specialists use technology for data preservation, administration, recovery, and analysis. DNA testing technological developments are boosting the industry's outlook. Due to high accuracy, investigator compliance, and repeatability, DNA sequencing, facial reconstruction, magnetic fingerprinting, and integrated ballistic technologies are gaining popularity. Favorable government rules and financing for forensic R&D could boost corporate growth.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 14.78 billion |
Market size value in 2030 | USD 41.92 billion |
Growth Rate | 12.28% |
Base year | 2021 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Forensic Technologies Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Forensic Technologies Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Forensic Technologies Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Forensic Technologies Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.
SPEAK TO AN ANALYSTGet lifetime access to our reports
Basic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOWWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: SQMIG35J2036