Global Forensic Technologies Market

Forensic Technologies Market Size, Share, Growth Analysis, By Product(Digital & Computer Forensics, Ballistic Forensics, DNA Testing, Biometrics), By Application(Pharmacogenetics, Biodefense & Bio-Surveillance, Judicial, Law Enforcement), By Service(Laboratory Forensics (DNA Testing, Drug Testing, Biometrics, Others)), By Technique(Polymerase Chain Reaction (PCR), Capillary Electrophoresis, Next-Generation Sequencing, Rapid DNA Analysis), By Location(Laboratory Forensic Technology, Portable Forensic Technology), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35J2036 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 153 | Figures: 78

Forensic Technologies Market Dynamics

Forensic Technologies Market Driver

Rising Crime Rate 

  • One of the significant growth factors for the forensic technologies market is the increase in crimes around the globe. To identify crimes speedily and accurately, law enforcement agencies embrace advanced forensic technology, including DNA analysis, digital forensics, and biometric identification. As crime rates continue to progress, it is expected that the demand for forensic solutions to improve investigation processes will be drastically increased. 

Advancements in Technology 

  • The market is growing at a rapid pace as forensic technology is advancing, especially real-time digital forensic tools, DNA sequencing, and AI-driven analysis, necessary to current law enforcement, which enables more accurate, efficient, and faster forensic investigations. New technology helps with accurate data analysis, faster resolution of cases, and better capacity for managing complex criminal investigations. 

Forensic Technologies Market Restraints 

Expensive Forensic Equipment  

  • Highly costly expenses for sophisticated forensic technology such as DNA testing equipment and advanced digital forensics tools would limit adoptions especially in locations or departments that are not well-funded. In this regard, although these technologies can benefit obviously, some law enforcement agencies and commercial providers of forensic services might view the setup costs and maintenance costs too high to embark on them, hence limiting the market. 

Interoperability and Integration Challenges 

  • Problems concerning the accuracy and reliability of some technologies, which are greatly improved in the field of forensic technology, persist. Contamination of samples, human error in the interpretation of data, or technical limitations may all undermine the effectiveness of forensic analysis and consequently reduce confidence in these tools. Such challenges might limit the application of forensic technology in many sectors.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Forensic Technologies Market size was valued at USD 14.78 billion in 2019 and is poised to grow from USD 16.61 billion in 2023 to USD 41.92 billion by 2031, growing at a CAGR of 12.28% in the forecast period (2024-2031).

Major competitors in the global forensic technologies market are enhancing their positions by forging mergers and acquisitions and research collaboration with other companies to provide novel products and strengthen their market presence globally. The company expanded its product offerings and thus entered new fields of research and development into environmental testing, clinical research, forensic toxicology, and peptide quantification. Significant strategies are in place by the market leaders to maintain an aggressively competitive market. 'GE Healthcare', 'Thermo Fisher Scientific Inc. ', 'Agilent Technologies Inc.', 'LGC Limited', 'Danaher Corporation', 'Eurofins Scientific SE', 'Forensic Technology WAI Inc.', 'NMS Labs Inc.', 'SCIEX', 'Bruker Corporation', 'Bode Technology', 'Morpho (Safran)', 'IDEMIA Group', 'Qiagen N.V.', 'NicheVision Forensics Co.', 'Foster + Freeman Ltd.', 'FLIR Systems Inc.', 'Sirchie', 'Firearm and Toolmark Examination Unit', 'Forensic Pathology Services'

One of the significant growth factors for the forensic technologies market is the increase in crimes around the globe. To identify crimes speedily and accurately, law enforcement agencies embrace advanced forensic technology, including DNA analysis, digital forensics, and biometric identification. As crime rates continue to progress, it is expected that the demand for forensic solutions to improve investigation processes will be drastically increased. 

Integration of ML and AI: The integration of machine learning and AI is one of the significant forensic technologies market trends. This is improving the processes of decision making, pattern recognitions and data analysis, thus speeding up the processing of evidence and the better production of more accurate predictions. This is changing forensic investigation, especially in the way criminal profiling, as well as digital forensics, is conducted. 

As the number of criminal cases rises and forensic analysis usage to solve them increases, North America held the largest market share in 2022, accounting for 35.21%. Companies in commerce and the law enforcement agencies in this region are continuously improving their use of forensic services across various industries, such as health care, which uses forensic technologies in public health safety and medical investigations. Advances in forensic procedures remained under continuous development and have improved the precision and efficiency of investigations, thereby expanding further for the market. The region's highly developed healthcare system not only accelerates case resolutions but also enables more effective forensic analysis. Increased demand for forensic services coupled with technological improvement are expected to maintain North America's leadership. 

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Forensic Technologies Market

Report ID: SQMIG35J2036

$5,300
BUY NOW GET FREE SAMPLE