Forensic Technology Market - By Technology (Spectroscopy, Next Generation Sequencing (NGS)), Component (Product, Service), Sample Type (Blood, Skin), Application (Judicial & Law Enforcement, Pharmacogenetics), Global Forecast, 2024-2032
Report ID: GMI7066
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Published Date: October 2023
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Report Format: PDF
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Base Year: 2023
Companies covered: 13
Tables & Figures: 444
Countries covered: 19
Pages: 260
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Forensic Technology Market
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Forensic Technology Market Size
Forensic Technology Market size was valued at USD 14.8 billion in 2023 and is estimated to expand at 9.9% CAGR from 2024 to 2032, driven by the increasing crime rates and favourable initiatives by several government and law enforcement agencies For instance, as per a study in 2022, in major cities of the U.S., homicides were 42.6% higher in 2022 compared to 2019, larceny by 20%, motor vehicle thefts by 21%, and residential and non-residential burglaries by 6% and 8%, respectively. As crime rates continue to rise, there is a growing demand for advanced forensic technologies to help law enforcement agencies solve cases more efficiently.
Forensic technology refers to the application of scientific and technological methods and tools to collect, analyse, and preserve evidence in criminal investigations and legal proceedings. It plays a crucial role in law enforcement, criminal justice, and the legal system. Forensic technology encompasses a wide range of techniques such as DNA analysis, fingerprinting, toxicology screening, etc.
COVID-19 Impact
The forensic technology industry was slight negatively impacted during the COVID-19 pandemic. Lockdowns imposed in numerous countries restricted people to their home, resulting with increased stress and anxiety cases escalating in the country due to economic crisis. Moreover, stringent social distancing measures mandated by governments caused the postponement or suspension of many ongoing criminal investigations. Simultaneously, travel restrictions and lockdowns disrupted supply chains as production came to a standstill. sector.
Forensic Technology Market Trends
As crime rates continue to rise globally, there is a growing need for advanced forensic technology solutions to aid law enforcement agencies in solving cases efficiently and accurately.
Consequently, the lack of knowledge and concern for data privacy can hinder the response for forensic investigations.
Forensic Technology Market Analysis
Based on technology, the market is segmented into spectroscopy, Next Generation Sequencing (NGS), biosensor (fingerprint), Polymerase Chain Reaction (PCR), capillary electrophoresis (CE), automated liquid handling technology, high speed ballistic photography, and other technologies. The spectroscopy segment is anticipated to grow at 9.5% CAGR by 2032.
Based on component, the forensic technology market is classified into product and services. The product segment is further categorized as spectrophotometers, kits & analysers, 3D scanner, high powered microscopes, and other products.
Based on sample type, the forensic technology market is classified into hair, skin, blood, tissue sample, metal, and other sample types. The blood sample segment accounted for the highest market share in 2022 and is anticipated to reach USD 12.3 billion in 2032.
Based on application, the forensic technology market is classified into pharmacogenetics, biodefence, and judicial and law enforcement. High market share can be attributed to the ongoing global initiatives by government and law enforcement authorities to establish DNA databases. For instance, in the U.S., the DNA Identification Act of 1994 empowered the FBI to establish a national DNA database, facilitating the resolution of a backlog of criminal cases and simplifying a wide range of forensic applications within the realm of justice administration.
The North America forensic technology market dominated the market in 2022, with a market share of 42.7% in 2022.
Forensic Technology Market Share
The industry leaders operating in this market have established themselves through innovation, service quality, and a strong market presence. QIAGEN, Promega Corporation, and Agilent Technologies are leading the market with significant share. These prominent players offer a comprehensive suite of services as well as products for forensic science. Their DNA analysis is widely regarded as the foremost standard in forensic technology, having undergone numerous rounds of experimentation and validation to establish its credibility.
Market players operating in the forensic technology is as mentioned below:
Forensic Technology Industry News:
The forensic technology market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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By Technology, 2018 – 2032 (USD Million)
By Component, 2018 – 2032 (USD Million)
By Sample Type, 2018 – 2032 (USD Million)
By Application, 2018 – 2032 (USD Million)
The above information is provided for the following regions and countries: