IMARC Group, a leading market research company, has recently released a report titled “Forensic Technologies Market Report by Product (Digital & Computer Forensics, Ballistic Forensics, DNA Testing, Biometrics, and Others), Service (Laboratory Forensics, Forensic Consulting), Technique (Polymerase Chain Reaction (PCR), Capillary Electrophoresis, Next-Generation Sequencing, Rapid DNA Analysis, Automated Liquid Handling Technology, Microarrays, and Others), Application (Pharmacogenetics, Biodefense & Bio-Surveillance, Judicial and Law Enforcement, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the global forensic technologies market trends, share, size, and industry trends forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global forensic technologies market size reached US$ 21.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 51.6 Billion by 2032, exhibiting a growth rate (CAGR) of 10% during 2024-2032.
Global Forensic Technologies Market Trends:
The global forensic technologies market is driven by several key factors contributing to its robust growth, such as the rising crime rates and increasing need for efficient criminal investigations propel demand for advanced forensic tools and solutions. Technological advancements, particularly in DNA analysis and digital forensics, enhance the accuracy and efficiency of crime scene investigations. The growing adoption of forensic technologies by law enforcement agencies worldwide to solve complex cases fuels market expansion.
Additionally, the escalating use of forensic technologies in civil cases, such as fraud detection and intellectual property protection, broadens the market scope. The rise of cybercrime and the need for digital evidence in cyber investigations drive the growth of digital forensics.
Request to Get the Sample Report:
https://www.imarcgroup.com/forensic-technologies-market/requestsample
Factors Affecting the Growth of the Forensic Technologies Industry:
Rising Crime Rates and Need for Efficient Criminal Investigations
The rising crime rates globally significantly impact the demand for forensic technologies. As crime becomes more complex and sophisticated, traditional investigative methods often fall short in providing conclusive evidence. Forensic technologies offer advanced solutions that enhance the capability to solve crimes, such as more accurate deoxyribonucleic acid (DNA) profiling, better fingerprint analysis, and advanced ballistic examinations. With increasing criminal activities, including violent crimes, cybercrimes, and organized crime, law enforcement agencies require more reliable and precise tools to investigate and solve cases effectively. Forensic technologies not only help in identifying perpetrators but also in exonerating the innocent, which is crucial in maintaining justice and trust in the legal system.
Technological Advancements in DNA Analysis and Digital Forensics
Technological advancements in DNA analysis and digital forensics have revolutionized the field of forensic science. Modern DNA analysis techniques, such as next-generation sequencing and improved polymerase chain reaction (PCR) methods, provide higher accuracy and sensitivity in identifying genetic material. These advancements allow forensic experts to analyze degraded or minute DNA samples with greater precision, thus solving cases that were previously challenging. Similarly, digital forensics has seen significant progress with the development of sophisticated tools to recover, analyze, and preserve digital evidence from various electronic devices. The growth of the internet and digital communications has introduced new challenges, making the ability to investigate digital evidence crucial for solving cybercrimes and other tech-related offenses.
Growing Adoption by Law Enforcement Agencies
The growing adoption of forensic technologies by law enforcement agencies is a significant driver of the market. As crime rates rise and criminal activities become more intricate, law enforcement agencies globally are increasingly recognizing the value of forensic technologies in solving cases. These tools provide a scientific approach to evidence collection and analysis, which is essential for accurate investigations and judicial outcomes. Law enforcement agencies are investing in state-of-the-art forensic equipment and software to enhance their investigative capabilities and streamline case workflows. The integration of forensic technologies enables more efficient processing of evidence, reduces human error, and improves the overall accuracy of criminal investigations.
Forensic Technologies Market Report Segmentation:
By Product:
- Digital & Computer Forensics
- Ballistic Forensics
- DNA Testing
- Biometrics
- Others
By the product, the market is segmented into digital & computer forensics, ballistic forensics, DNA testing, biometrics, and others.
By Service:
Laboratory Forensics
- DNA Testing
- Drug Testing
- Biometrics
- Others
Forensic Consulting
Laboratory forensics dominates the market due to its comprehensive role in analyzing and processing evidence across various types of forensic investigations, including DNA, toxicology, and trace evidence analysis.
By Technique:
- Polymerase Chain Reaction (PCR)
- Capillary Electrophoresis
- Next-Generation Sequencing
- Rapid DNA Analysis
- Automated Liquid Handling Technology
- Microarrays
- Others
Capillary electrophoresis is the largest segment because it offers high-resolution separation and analysis of biomolecules, making it crucial for detailed and accurate forensic investigations.
By Application:
- Pharmacogenetics
- Biodefense & Bio-Surveillance
- Judicial and Law Enforcement
- Others
Judicial and law enforcement applications are the largest segment due to the extensive use of forensic technologies in criminal investigations, evidence validation, and courtroom proceeding.
Regional Insights:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
North America was the largest market due to its advanced forensic infrastructure, significant investment in forensic research and development, and high adoption rates of new forensic technologies by law enforcement agencies.
Competitive Landscape with Key Players:
The competitive landscape of the forensic technologies market size has been studied in the report with the detailed profiles of the key players operating in the market.
Some of These Key Players Include:
- 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.
Ask Analyst for Customized Report:
https://www.imarcgroup.com/request?type=report&id=1601&flag=C
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.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Website: imarcgroup.com
Email: [email protected]
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800