Forensic Technology Market Key Findings and Size by 2031
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 ReportThe 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
- Rapid DNA Analysis
- Other Types
- Biodefense & Biosurveillance
- Judicial or Law Enforcement
- Pharmacogenetics
- Other Applications
Strategic Insights
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.
- 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.
- 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.
Market Report Scope
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.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
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.
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.,
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 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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Forensic Technology Market - By Type
1.3.2 Forensic Technology Market - By Application
1.3.3 Forensic Technology Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. FORENSIC TECHNOLOGY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. FORENSIC TECHNOLOGY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. FORENSIC TECHNOLOGY MARKET - GLOBAL MARKET ANALYSIS
6.1. FORENSIC TECHNOLOGY - GLOBAL MARKET OVERVIEW
6.2. FORENSIC TECHNOLOGY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FORENSIC TECHNOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. AUTOMATED LIQUID HANDLING TECHNOLOGY
7.3.1. Overview
7.3.2. Automated Liquid Handling Technology Market Forecast and Analysis
7.4. CAPILLARY ELECTROPHORESIS
7.4.1. Overview
7.4.2. Capillary Electrophoresis Market Forecast and Analysis
7.5. MICROARRAYS
7.5.1. Overview
7.5.2. Microarrays Market Forecast and Analysis
7.6. NEXT GENERATION SEQUENCING
7.6.1. Overview
7.6.2. Next Generation Sequencing Market Forecast and Analysis
7.7. POLYMERASE CHAIN REACTION (PCR)
7.7.1. Overview
7.7.2. Polymerase Chain Reaction (PCR) Market Forecast and Analysis
7.8. RAPID DNA ANALYSIS
7.8.1. Overview
7.8.2. Rapid DNA Analysis Market Forecast and Analysis
7.9. OTHER TYPES
7.9.1. Overview
7.9.2. Other Types Market Forecast and Analysis
8. FORENSIC TECHNOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BIODEFENSE & BIOSURVEILLANCE
8.3.1. Overview
8.3.2. Biodefense & Biosurveillance Market Forecast and Analysis
8.4. JUDICIAL OR LAW ENFORCEMENT
8.4.1. Overview
8.4.2. Judicial or Law Enforcement Market Forecast and Analysis
8.5. PHARMACOGENETICS
8.5.1. Overview
8.5.2. Pharmacogenetics Market Forecast and Analysis
8.6. OTHER APPLICATIONS
8.6.1. Overview
8.6.2. Other Applications Market Forecast and Analysis
9. FORENSIC TECHNOLOGY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Forensic Technology Market Overview
9.1.2 North America Forensic Technology Market Forecasts and Analysis
9.1.3 North America Forensic Technology Market Forecasts and Analysis - By Type
9.1.4 North America Forensic Technology Market Forecasts and Analysis - By Application
9.1.5 North America Forensic Technology Market Forecasts and Analysis - By Countries
9.1.5.1 United States Forensic Technology Market
9.1.5.1.1 United States Forensic Technology Market by Type
9.1.5.1.2 United States Forensic Technology Market by Application
9.1.5.2 Canada Forensic Technology Market
9.1.5.2.1 Canada Forensic Technology Market by Type
9.1.5.2.2 Canada Forensic Technology Market by Application
9.1.5.3 Mexico Forensic Technology Market
9.1.5.3.1 Mexico Forensic Technology Market by Type
9.1.5.3.2 Mexico Forensic Technology Market by Application
9.2. EUROPE
9.2.1 Europe Forensic Technology Market Overview
9.2.2 Europe Forensic Technology Market Forecasts and Analysis
9.2.3 Europe Forensic Technology Market Forecasts and Analysis - By Type
9.2.4 Europe Forensic Technology Market Forecasts and Analysis - By Application
9.2.5 Europe Forensic Technology Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Forensic Technology Market
9.2.5.1.1 Germany Forensic Technology Market by Type
9.2.5.1.2 Germany Forensic Technology Market by Application
9.2.5.2 France Forensic Technology Market
9.2.5.2.1 France Forensic Technology Market by Type
9.2.5.2.2 France Forensic Technology Market by Application
9.2.5.3 Italy Forensic Technology Market
9.2.5.3.1 Italy Forensic Technology Market by Type
9.2.5.3.2 Italy Forensic Technology Market by Application
9.2.5.4 Spain Forensic Technology Market
9.2.5.4.1 Spain Forensic Technology Market by Type
9.2.5.4.2 Spain Forensic Technology Market by Application
9.2.5.5 United Kingdom Forensic Technology Market
9.2.5.5.1 United Kingdom Forensic Technology Market by Type
9.2.5.5.2 United Kingdom Forensic Technology Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Forensic Technology Market Overview
9.3.2 Asia-Pacific Forensic Technology Market Forecasts and Analysis
9.3.3 Asia-Pacific Forensic Technology Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Forensic Technology Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Forensic Technology Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Forensic Technology Market
9.3.5.1.1 Australia Forensic Technology Market by Type
9.3.5.1.2 Australia Forensic Technology Market by Application
9.3.5.2 China Forensic Technology Market
9.3.5.2.1 China Forensic Technology Market by Type
9.3.5.2.2 China Forensic Technology Market by Application
9.3.5.3 India Forensic Technology Market
9.3.5.3.1 India Forensic Technology Market by Type
9.3.5.3.2 India Forensic Technology Market by Application
9.3.5.4 Japan Forensic Technology Market
9.3.5.4.1 Japan Forensic Technology Market by Type
9.3.5.4.2 Japan Forensic Technology Market by Application
9.3.5.5 South Korea Forensic Technology Market
9.3.5.5.1 South Korea Forensic Technology Market by Type
9.3.5.5.2 South Korea Forensic Technology Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Forensic Technology Market Overview
9.4.2 Middle East and Africa Forensic Technology Market Forecasts and Analysis
9.4.3 Middle East and Africa Forensic Technology Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Forensic Technology Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Forensic Technology Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Forensic Technology Market
9.4.5.1.1 South Africa Forensic Technology Market by Type
9.4.5.1.2 South Africa Forensic Technology Market by Application
9.4.5.2 Saudi Arabia Forensic Technology Market
9.4.5.2.1 Saudi Arabia Forensic Technology Market by Type
9.4.5.2.2 Saudi Arabia Forensic Technology Market by Application
9.4.5.3 U.A.E Forensic Technology Market
9.4.5.3.1 U.A.E Forensic Technology Market by Type
9.4.5.3.2 U.A.E Forensic Technology Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Forensic Technology Market Overview
9.5.2 South and Central America Forensic Technology Market Forecasts and Analysis
9.5.3 South and Central America Forensic Technology Market Forecasts and Analysis - By Type
9.5.4 South and Central America Forensic Technology Market Forecasts and Analysis - By Application
9.5.5 South and Central America Forensic Technology Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Forensic Technology Market
9.5.5.1.1 Brazil Forensic Technology Market by Type
9.5.5.1.2 Brazil Forensic Technology Market by Application
9.5.5.2 Argentina Forensic Technology Market
9.5.5.2.1 Argentina Forensic Technology Market by Type
9.5.5.2.2 Argentina Forensic Technology Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. FORENSIC TECHNOLOGY MARKET, KEY COMPANY PROFILES
11.1. AGILENT TECHNOLOGIES, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. EUROFINS SCIENTIFIC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. FORENSIC FLUIDS LABORATORIES
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FORENSIC PATHWAYS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GENERAL ELECTRIC COMPANY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HORIBA, LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. IDEMIA
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NEOGEN CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. NMS LABS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THERMO FISHER SCIENTIFIC INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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