Forensic Technologies Market Size, Share, Growth Analysis, By Product(Digital & Computer Forensics, Ballistic Forensics, DNA Testing, Biometrics), By Application(Pharmacogenetics, Biodefense & Bio-Surveillance, Judicial, Law Enforcement), By Service(Laboratory Forensics (DNA Testing, Drug Testing, Biometrics, Others)), By Technique(Polymerase Chain Reaction (PCR), Capillary Electrophoresis, Next-Generation Sequencing, Rapid DNA Analysis), By Location(Laboratory Forensic Technology, Portable Forensic Technology), By Region - Industry Forecast 2024-2031

Global Forensic Technologies Market size was valued at USD 14.78 billion in 2019 and is poised to grow from USD 16.61 billion in 2023 to USD 41.92 billion by 2031, growing at a CAGR of 12.28% in the forecast period (2024-2031).

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.