Forensic Technologies Market Analysis, Trends & Forecast

Summary:

·         The global forensic technologies market size reached USD 21.4 Billion in 2023.

·         The forensic technologies market size is expected to reach USD 51.6 Billion by 2032, exhibiting a growth rate (CAGR) of 10% during 2024-2032.

·         Region-wise the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

·         Based on the product, the market has been divided into digital & computer forensics, ballistic forensics, DNA testing, biometrics, and others.

·         On the basis of service, the market has been classified into laboratory forensics (DNA testing, drug testing, biometrics, and others), and forensic consulting.

·         Based on the technique, the market has been categorized into polymerase chain reaction (PCR), capillary electrophoresis, next-generation sequencing, rapid DNA analysis, automated liquid handling technology, microarrays, and others.

·         On the basis application, the market has divided into pharmacogenetics, biodefense & bio-surveillance, judicial and law enforcement, and others.

·         The rising crime rates and demand for criminal investigations is a primary driver of the forensic technologies market.

·         Technological advancements and the introduction of government initiatives are reshaping the forensic technologies market.

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Forensic Technologies Market Trends

In 2024, the forensic technologies market is shifting to meet law enforcement needs. Advances in DNA analysis and genomics are making investigations faster and more accurate. Meanwhile, the rise in cybercrime is boosting the demand for digital forensics. Organizations aim to protect data and respond to breaches. Emerging markets are increasingly investing in forensic technologies for safety and justice. This trend underscores the growing market and the pivotal role of these technologies in combating crime.

Market Dynamics of the Forensic Technologies Market

Advancements in DNA Analysis and Genomics

The forensic technologies market is growing due to advances in DNA analysis and genomics. New methods, like next-generation sequencing (NGS), enable labs to analyze degraded DNA samples. This improves investigation accuracy, helping to identify suspects and victims. Artificial intelligence (AI) also speeds up DNA analysis, allowing faster data matching. The increasing acceptance of genetic evidence in courts boosts demand for advanced technologies. As a result, law enforcement agencies are upgrading their DNA tools, solving more cases. Growing public interest in forensic science drives the need for quick, accurate results. This pushes labs to adopt the latest genomic technologies, transforming forensics.

Growing Use of Digital Forensics in Cybersecurity

Cybercrime is rising, boosting the need for digital forensics. Organizations now see cybersecurity and forensic capabilities as essential. Digital forensics helps recover, analyze, and present data from devices. It is key in spotting breaches, gathering evidence, and meeting legal standards. With the rise of mobile devices, cloud computing, and IoT, experts face new challenges. They need to adapt to new data handling demands. The market is responding with innovative tools to analyze data across platforms. These tools enhance the tracking of cybercriminals.

Also, new data protection laws urge firms to invest in forensics to protect sensitive info. This trend highlights the vital role of digital forensics in investigations and its growing link to law enforcement.

 Increasing Demand for Forensic Technologies in Emerging Markets

The forensic technologies market is growing in emerging regions. This growth is due to law enforcement's need for better investigative tools. Countries in Asia-Pacific, Latin America, and Africa are adopting modern forensic technologies. They aim to enhance public safety and improve justice systems. Governments are investing in labs and training for crime scene work. This is for investigating and analyzing evidence. The rise in crime and the demand for accountability are driving this adoption.

Moreover, international partnerships are improving access to advanced tools. As these markets develop their forensic capabilities, the demand for innovative technologies like biometric systems, chemical analysis tools, and crime scene software is expected to rise. This trend will significantly change the global forensic landscape.

Forensic Technologies Market Report Segmentation:

Breakup By Product:

·         Digital & Computer Forensics

·         Ballistic Forensics

·         DNA Testing

·         Biometrics

·         Others

Based on the product, the market has been divided into digital & computer forensics, ballistic forensics, DNA testing, biometrics, and others.

Breakup By Service:

·         DNA Testing

·         Drug Testing

·         Biometrics

·         Others

On the basis of service, the market has been classified into laboratory forensics (DNA testing, drug testing, biometrics, and others), and forensic consulting.

Breakup By Technique:

·         Polymerase Chain Reaction (PCR)

·         Capillary Electrophoresis

·         Next-Generation Sequencing

·         Rapid DNA Analysis

·         Automated Liquid Handling Technology

·         Microarrays

·         Others

Based on the technique, the market has been categorized into polymerase chain reaction (PCR), capillary electrophoresis, next-generation sequencing, rapid DNA analysis, automated liquid handling technology, microarrays, and others.

Breakup By Application:

·         Pharmacogenetics

·         Biodefense & Bio-Surveillance

·         Judicial and Law Enforcement

·         Others

On the basis application, the market has divided into pharmacogenetics, biodefense & bio-surveillance, judicial and law enforcement, and others.

Breakup By Region:

·         North America

·         Europe

·         Asia Pacific

·         Middle East and Africa

·         Latin America

Region-wise the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Top Forensic Technologies Market Leaders:

The forensic technologies market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.

Some of the key players in the market are:

·         Agilent Technologies

·         GE Healthcare

·         LGC

·         Promega

·         IDEMIA

·         Canon

·         Thermo Fisher Scientific

·         Bio-Rad Laboratories

·         Shimadzu Corp

·         NetBio

·         SCIEX

·         Forensic Fluids Laboratories

·         NMS Labs

·         Eurofins Medigenomix GmbH

·         Forensic Pathways

·         Pyramidal Technologies Ltd.

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Key Highlights of the Report:

·         Market Performance (2018-2023)

·         Market Outlook (2024-2032)

·         Market Trends

·         Market Drivers and Success Factors

·         Impact of COVID-19

·         Value Chain Analysis

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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