The global Forensic Technology market size is expected to be worth around US$ 50.4 billion by 2030, according to a new report by Vision Research Reports.
The global Forensic Technology market size was valued at US$ 23.8 billion in 2020 and is anticipated to grow at a CAGR of 22.7 % during forecast period 2021 to 2030.
Growth Factors
Innovations in forensic science lead to the development of advanced techniques for solving crimes and increasing the efficiency of DNA testing. Government initiatives for achieving progress in research in forensic science, which is critical for public safety, is widening the scope for forensic technology market growth. For instance, the National Institute of Justice (NIJ) entered into a partnership with the National Institute of Standards and Technology (NIST), and National Science Foundation (NSF) to develop new techniques.
These organizations have also jointly initiated the Industry/University Cooperative Research Centers Program that aids in industry and academic collaborations for efficient R&D in forensic science. One of the major contributions by this program includes the development of practices for preservation and handling of DNA &other biological evidence. These agenda of this program is to enhance the interoperability of national as well as regional automated fingerprinting identification systems, limit investigator bias, and develop standards for efficient analysis in criminal cases.
Report Highlights
Capillary electrophoresis held the largest share in 2020. The dominant share of the segment can be attributed to the benefits offered by this technique. These benefits include increased resolution, reduced risk of cross-contamination, online detection, higher speed, minimal consumption of sample, and easy-to-use techniques.
This technique can also quantify and provide rapid profiling of anionic species found in poisons and explosives. Widespread usage of the capillary electrophoresis technique has been observed owing to its ease in preparing samples, simpler detection methods, and microsampling capabilities.
Next-Generation Sequencing (NGS) is expected to grow at a lucrative rate over the coming years. This lucrative growth rate can be attributed to the associated benefits such as its improved ability of human identification in degraded biological samples and enhanced paternity testing.
NGS also allows the generation of total human genome data and helps reduce bias &errors. Moreover, the penetration of NGS into newer applications is also expected to present lucrative opportunities. For example, Applied Biosystems Precision ID NGS System developed by Thermo Fisher Scientific was launched specifically for human identification.
Chemical analysis captured considerable share in the services segment in . Chemical analysis has a wide array of applications such as toxicology studies, fire debris analysis, bloodstain pattern analysis, serology, alcohol testing, fingerprinting, and analysis of trace evidence, which is presumed to provide an upsurge to the segment.
The increasing preference of forensic experts toward chemical analysis cases of drug abuse is also one of the key growth contributing factors. For instance, a breathalyzer kit is used by most of the state patrol vehicles and police squad cars to identify alcohol intoxication.
DNA profiling is expected to exhibit lucrative growth throughout the forecast period. This growth can be attributed to its wide range of applications in body fluid identification, paternity testing, the examination of drug abuse, and the identification of disaster victims.
Moreover, growing R&D and DNA databases across the globe are predicted to drive the market over the coming years. For instance, the Department of Defense and the U.S. Department of Justice allocated funds of USD 2.5 million to develop advanced technologies that can increase the efficiency of tests.
Judicial/law enforcement captured the largest share in the application segment in 2020. Consistent efforts by government authorities across the globe to create DNA databases are serving as a key growth contributing factor. The DNA Identification Act 1994 in the U.S. provided the FBI authority to develop a national DNA database to assist in solving backlog criminal cases, which has resulted in a significant upsurge in the adoption of forensics in the administration of justice.
Moreover, the growth in judicial applications is also driven by the adoption of a wide array of other techniques that allows lab technicians to gather information from DNA samples at reduced costs and time. For instance, with the help of technologically advanced techniques, it is possible to generate DNA profiles within 90 minutes from swabs.
Biodefense & bio-surveillance is anticipated to grow at a constant CAGR over the coming years. Sudden disease outbreaks caused by naturally occurring pathogens are responsible for over 15.0 million deaths every year, which exerts a huge impact on the global economy, thereby presenting an attractive market opportunity. Furthermore, increasing the risk of terrorism through bioweapons is anticipated to fuel the segment growth.
Laboratory forensic technology accounted for the largest share of the location segment in 2020. This can be attributed to the presence of testing instruments, which are bulky in nature and designed for the testing of a large volume of samples.
In addition, the adoption of laboratory equipment by forensic experts is higher as they are relatively cheaper. Various regulations have been established to ensure a high quality of forensic laboratories for achieving results with higher accuracy, which is anticipated to provide a significant boost to the market.
The portable technology segment is predicted to grow at an exponential CAGR during the forecast period. The introduction of portable& handheld devices allows on-site operation and is largely used in the detection of alcohol and drug intoxication, especially in case of road accidents. Moreover, such portable testing devices are expected to reduce the backlog of pending criminal cases in laboratories.
North America accounted for the largest share of over 37.0% of the market owing to the increasing rate of violent crimes across this region. There has been a significant increase in the adoption of forensics by private companies and law enforcement agencies amongst various sectors including healthcare in this region, thereby attracting a higher share. The development of sophisticated and supportive healthcare infrastructure has led to an improvement in the efficiency of forensic studies and is anticipated to boost the market.
The Asia Pacific is expected to grow at an exponential rate of 14.6% throughout the forecast period. This exponential growth can be attributed to rising investments in human identification applications across this region. In addition, an exponential rise in the number of criminal activities in emerging economies such as India and China has raised the need to adopt various technologies for DNA identification for expedited conviction.
Key Players
Agilent Technologies, Thermo Fisher Scientific, SPEX Forensics, and LGC Limited
Market Segmentation
Type Outlook
Polymerase Chain Reaction (PCR)
Capillary Electrophoresis
Next-Generation Sequencing (NGS)
Rapid DNA Analysis
Automated Liquid Handling Technology
Microarrays
Others
Services Outlook
DNA Profiling
Chemical Analysis
Biometric Analysis
Firearms Identification
Others
Application Outlook
Pharmacogenetics
Biodefense & Biosurveillance
Judicial/Law Enforcement
Others
Location Outlook
Laboratory Forensic Technology
Portable Forensic Technology
Regional Outlook
North America
The U.S.
Canada
Europe
The U.K.
Germany
France
Italy
Spain
Asia Pacific
Japan
China
India
Latin America
Brazil
Mexico
Middle East & Africa
South Africa
Saudi Arabia
The Forensic Technology market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Forensic Technology market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Forensic Technology market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Forensic Technology market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Forensic Technology market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Forensic Technology capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Forensic Technology by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Forensic Technology market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Forensic Technology market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Forensic Technology market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Forensic Technology industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Forensic Technology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Forensic Technology market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Forensic Technology market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Forensic Technology market. These factors have benefited the growth of the global market for Forensic Technology. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Forensic Technology. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Forensic Technology are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
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