The global demand for Forensic Technology Market is presumed to reach the market size of nearly USD 49.57 MN by 2028 from USD 23.28 MN in 2021 with a CAGR of 11.4% under the study period 2022 - 2028.
Forensic technology is a scientific investigation method involving searching, retrieving, and analyzing a large volume of complex data with the help of the latest technological solutions. These technologies help to find out evidence from the crime site. The information obtained from forensics helps the investigating team address various legal issues and criminal cases. Examples of forensic technology include 3D Forensic Facial Reconstruction, High-Speed Ballistics Photography, CCTV, record management systems (RMS), Video Spectral Comparator 2000, DNA Sequencer, etc. Microscopic tools are widely used in forensic examinations. The benefit of using forensic technology is to ensure the quality of data and accuracy of facts in criminal investigations.
Market Dynamics
The forensic technology market looks promising in the forecast period. The crime rate is growing at a fast rate worldwide, and this alone drives the market for forensic technologies. Nowadays, crimes are performed with sophisticated technologies, which explains the growing demand for the latest forensic technologies and tools for investigating and solving various cases. Additionally, the rising incidence of cybercrimes fuels the growth of digital forensic methods used to solve issues related to this field. The latest advancements in forensic technologies like DNA testing and such others are becoming widely popular due to their higher accuracy rate and reproducibility. These elements also create a favorable impact on the market. Increasing government investment in the research and development of forensic technologies is also likely to contribute to market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of forensic technology. The growth and trends of forensic technology industry provide a holistic approach to this study.
Market Segmentation
This section of the forensic technology market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Polymerase Chain Reaction (PCR)
- Capillary Electrophoresis
- Next-Generation Sequencing (NGS)
- Rapid DNA Analysis
- Automated Liquid Handling Technology
- Microarrays
- Others
By Services
- DNA Profiling
- Chemical Analysis
- Biometric Analysis
- Firearms Identification
- Others
By Application
- Pharmacogenetics
- Biodefense & Biosurveillance
- Judicial/Law Enforcement
- Others
By Location
- Laboratory Forensic Technology
- Portable Forensic Technology
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Forensic Technology market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Forensic Technology Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the forensic technology market include Agilent Technologies, GE Healthcare, Morpho Group, Thermo Fishe rScientific, Forensic Fluids Laboratories, Eurofins Scientific, SPEX Forensics, LGC Forensics, Neogen Corporation, NMS Labs, Forensic Pathways. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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