The forensic technology includes DNA testing, biometric devices, digital forensics, ballistic forensics, and fingerprinting analysis. Forensic technology helps in the investigation of criminal sites. The various samples collected through investigation are tested with advanced forensic tools. For instance, DNA profiling tools are used to identify individuals on the basis of their unique genetic makeup.
The increased incidence of crimes such as cybercrimes, harassment against women, and homicides majorly drive the market growth. In addition, proactive initiatives taken by government organizations, such as funding to support forensic research, are anticipated to drive the demand for forensic technology across the globe.
Moreover, advancements and improved accuracy of DNA testing tools has boosted the market growth. In addition, rise in pressure on investigating authority to clear backlog cases and outsourcing of case results by government of various countries drive the growth of market.
In addition, initiatives taken by respective governments to control cybercrime contribute in growth of market. For instance, in November 2020, the UK government launched a new National Cyber Force (NCF) to tackle the growth in problem of cybercrime. However, the lack of accuracy in the results obtained using these technologies may limit the growth of market.
The forensics technology market is segmented on the basis of type and region. By type, the market is divided into services and products. The services are further divided into DNA profiling, fingerprinting analysis, chemical analysis, firearm analysis, and others. The products are further classified as DNA testing, biometric devices, digital forensics, ballistic forensics, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include 3M Company, Agilent Technologies Inc., Belkasoft, GE Healthcare (A healthcare division of GE Company), Eurofins MedigenomixForensik GmbH (Forensic division of Eurofins Scientific S.E.), LGC Limited, Morphotrust USA (Safran S.A.), NMS Labs, Thermo Fisher Scientific inc., Ultra Electronics Forensic Technology Inc. (Subsidiary of Ultra-Electronics Holdings plc.).
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the forensics technology market analysis from 2020 to 2030 to identify the prevailing forensics technology market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the forensics technology market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global forensics technology market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Services
- Products
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- 3M COMPANY
- Agilent Technologies Inc.
- Belkasoft
- Eurofins Medigenomix Forensik GmbH (Forensic Division of Eurofins Scientific S.E.)
- GE Healthcare (A healthcare division of GE company)
- LGC Limited
- Morphotrust USA (Safran S.A.)
- Thermo Fisher Scientific Inc.
- NMS Labs
- Ultra-Electronics Forensic Technology Inc. (Subsidiary of Ultra Electronics Holdings plc.)
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Table of Contents
Executive Summary
According to this report titled, 'Forensics Technology Market,' the forensics technology market was valued at $15.2 billion in 2020, and is estimated to reach $44.3 billion by 2030, growing at a CAGR of 11.2% from 2021 to 2030.The forensic technologies have been widely used in criminal investigations, owing to various advantages associated such as use of computer forensics in solving cybercrimes. Forensic technologies include the DNA testing, biometric devices, digital forensics, and ballistic forensics. In addition, fingerprint scanning technology is used for investigation through identification of finger and palm lines. DNA identification is an advanced technology used for criminal investigation through DNA structure mapping.
Factors that drive the growth of the forensics technology market size include advancements in forensic technology, an increase in the criminal cases, and improved judicial infrastructure. Factors such as increased incidence of crimes such as murders, robbery and cybercrimes contribute in the forensics technology market growth. For instance, according to data of Statista, in 2020, there were 21,570 reported cases of murder or non-negligent manslaughter in the U.S.
The forensics technology market share is segmented into type and region. On the basis of type, the forensics technology market analysis is mainly divided into services and products. The services are further divided into DNA profiling, fingerprinting analysis, chemical analysis, firearm analysis, and others. The products are further classified as DNA testing, biometric devices, digital forensics, ballistic forensics, and others. The service segment dominated the forensics technology industry market in 2020, and this trend is expected to continue during the forecast period, owing to an increase in crime rate and advancements in forensic science.
North America accounted for a majority of the global forensics technology market size in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to crime rate and presence of key players for R&D in forensic science in the region. Asia-Pacific is anticipated to witness lucrative growth in the forensics technology industry, owing to an increase in crime rate and government initiatives to control crime in the region.
Key findings of the Study
- On the basis of types, the fingerprinting analysis segment was the highest contributor to the forensics technology market in 2020.
- Region wise, North America garnered the largest revenue share in 2020, whereas Asia is anticipated to grow at the highest CAGR during the forecast period.
Companies Mentioned
- 3M COMPANY
- Agilent Technologies Inc.
- Belkasoft
- Eurofins Medigenomix Forensik GmbH (Forensic Division of Eurofins Scientific S.E.)
- GE Healthcare (A healthcare division of GE company)
- LGC Limited
- Morphotrust USA (Safran S.A.)
- Thermo Fisher Scientific Inc.
- NMS Labs
- Ultra-Electronics Forensic Technology Inc. (Subsidiary of Ultra Electronics Holdings plc.)
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 151 |
Published | April 2022 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 15216.14 million |
Forecasted Market Value ( USD | $ 44251.15 million |
Compound Annual Growth Rate | 11.3% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |