The Forensic Technology Market is expected to register a CAGR of 9.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Forensic Technology Market is categorized by type into the following subsegments: Automated Liquid Handling Technology, Capillary Electrophoresis, Microarrays, Next Generation Sequencing, Polymerase Chain Reaction (PCR), Rapid DNA Analysis, and Other Types. It further presents an analysis based on application, i.e., Biodefense & Biosurveillance, Judicial or Law Enforcement, Pharmacogenetics, and Other Applications. The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the Report
The report Forensic Technology Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Forensic Technology Market Segmentation
Type
- Automated Liquid Handling Technology
- Capillary Electrophoresis
- Microarrays
- Next Generation Sequencing
- Polymerase Chain Reaction
Application
- Biodefense & Biosurveillance
- Judicial or Law Enforcement
- Pharmacogenetics
- Other Applications
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Forensic Technology Market: Strategic Insights
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Forensic Technology Market Growth Drivers
- DNA and Biometric Technology Advancements: New DNA profiling, fingerprint recognition, and facial recognition technologies drive the growth of forensic technologies. Thus, it increases the accuracy and speed of an investigation.
- Increasing crime rates and public safety: Forensic technologies have been on high demand due to rising crime rates and crime situations, where the forensic evidence was not accurate for criminal investigations.
- Government Initiatives and Investments: Governments across the globe are investing more in law enforcement agencies to deploy high-tech forensic technologies.
Forensic Technology Market Future Trends
- AI and Machine Learning in Forensics: AI and machine learning are being integrated within forensic investigations, enabling large datasets to be analyzed for patterns, enabling the automation of facial recognition as well as evidence analysis.
- Digital Forensics: There is an increased emphasis on digital forensics: data from a smartphone and computer to other devices as cybercrime is increasing.
- Portable Forensic Apparatus: Portable on-site forensic analysis tools are fast emerging as trends, allowing more efficient gathering of evidence in the field by law enforcement and first responders.
Forensic Technology Market Opportunities
- Global Expansion in Forensic Labs: Emerging markets are building forensic laboratories aggressively, while the potential for growth is on the forecast for providers of forensic equipment and solutions.
- Emerging Non-Invasive Forensic Techniques: Development of Non-Invasive Forensic Techniques The development of non-invasive techniques, trace evidence analysis, and other methods of non-destructive tests provide scope for new forensic solutions.
- Personalized Forensic Solutions: There is a growing demand for the development of customized forensic technology solutions for specific cases or regions and, therefore, an opportunity for innovation in this market.
Forensic Technology Market Regional Insights
The regional trends and factors influencing the Forensic Technology Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Forensic Technology Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Forensic Technology Market
Forensic Technology Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | 9.8% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Forensic Technology Market Players Density: Understanding Its Impact on Business Dynamics
The Forensic Technology Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Forensic Technology Market are:
- Agilent Technologies, Inc.
- Eurofins Scientific
- Forensic Fluids Laboratories
- Forensic Pathways
- GENERAL ELECTRIC COMPANY
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Forensic Technology Market top key players overview
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Forensic Technology Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Forensic Technology Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The market is expected to register a CAGR of 9.8% during 2021–2031.
Some of the major drivers include the emerging need for sophisticated forensic solutions in the area of criminal investigations, advancement in DNA analysis technology, and an increased application of AI and ML in forensic investigations in order to process massive amounts of data more effectively.
Key trends in the market include the creation of pattern recognition and data analysis tools that use AI, biometric technologies for forensic investigation purposes, and an increased use of automated forensic systems to expedite data processing and reporting.
The top companies in this market are Agilent Technologies, Inc., Eurofins Scientific, Forensic Fluids Laboratories, Forensic Pathways, GENERAL ELECTRIC COMPANY, HORIBA, Ltd., IDEMIA, NEOGEN CORPORATION, NMS Labs, Thermo Fisher Scientific Inc.,
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
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1. Agilent Technologies, Inc.2. Eurofins Scientific3. Forensic Fluids Laboratories4. Forensic Pathways5. GENERAL ELECTRIC COMPANY6. HORIBA, Ltd.7. IDEMIA8. NEOGEN CORPORATION9. NMS Labs10. Thermo Fisher Scientific Inc.
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