Global Forensic Technology Market Size study, by Technology, by Component, by Sample Type, by Application and Regional Forecasts 2022-2032

Description

Global Forensic Technology Market is valued approximately at USD 14.89 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 9.91% over the forecast period 2024-2032. Forensic technology involves the application of scientific methods and techniques to solve crimes and ensure justice. It includes DNA analysis, fingerprinting, digital forensics, and the examination of physical evidence. These technologies help law enforcement agencies identify suspects, reconstruct crime scenes, and gather critical evidence for court cases. Advancements in forensic technology have significantly improved the accuracy and efficiency of criminal investigations, leading to higher conviction rates and the exoneration of innocent individuals. This field continuously evolves, integrating new technologies to enhance its effectiveness.

The Forensic Technology Market expansion is primarily driven by the increasing crime rates and favorable initiatives by several government and law enforcement agencies, which underscore the growing demand for advanced forensic technologies to aid in efficient case resolutions. As crime rates continue to escalate, there is a burgeoning need for sophisticated forensic tools that can assist law enforcement agencies in solving cases more effectively. Governments worldwide are implementing supportive measures, including funding and policy frameworks, to bolster the adoption of these technologies. Furthermore, continuous technological advancements are propelling the market forward, making forensic analysis more precise and accessible. However, the high costs associated with forensic equipment, software, and specialized training, along with a lack of skilled workforce, pose significant challenges to market growth.

The key regions considered for the Forensic Technology Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, the North American forensic technology market dominated the market attributed to the rising prevalence of criminal cases in the region, which has spurred a surge in forensic investigations. The law enforcement agencies and private enterprises are increasingly adopting forensic tools and services across various sectors, including healthcare. The region's advanced healthcare infrastructure and continuous advancements in forensic methodologies have significantly enhanced the efficiency and accuracy of forensic analysis.

Major market players included in this report are:

Bio-Rad Laboratories, Inc
Agilent Technologies
Shimadzu Scientific Instruments
Thermo Fisher Scientific, Inc.
Leica Microsystems
GE Healthcare
Ultra Electronics Forensic Technology Inc.
HORIBA, Ltd.
Projectina
Zentek Digital Investigations Ltd

The detailed segments and sub-segment of the market are explained below:

By Technology

Spectroscopy
Next Generation Sequencing (NGS)
Biosensor (fingerprint)
Polymerase Chain Reaction (PCR)
Capillary Electrophoresis (CE)
Automated Liquid Handling Technology
High Speed Ballistic Photography
Other technologies

By Component

Product
Service

By Sample Type

Blood
Hair
Skin
Tissue sample
Metal
Other sample types

By Application

Judicial and law enforcement
Pharmacogenetics
Biodefence

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Forensic Technology Market Executive Summary

1.1. Global Forensic Technology Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Technology
- 1.3.2. By Component
- 1.3.3. By Sample Type
- 1.3.4. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Forensic Technology Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Forensic Technology Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Crime Rates
- 3.1.2. Favourable Initiatives by Governments and Law Enforcement Agencies
- 3.1.3. Continuous Technological Advancements
3.2. Market Challenges
- 3.2.1. High Cost of Equipment and Software
- 3.2.2. Lack of Skilled Workforce
3.3. Market Opportunities
- 3.3.1. Growing Investment in R&D
- 3.3.2. Development of Innovative Solutions
- 3.3.3. Expansion of Forensic Applications in Diverse Sectors

Chapter 4. Global Forensic Technology Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Forensic Technology Market Size & Forecasts by Technology 2022-2032

5.1. Segment Dashboard
5.2. Global Forensic Technology Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Spectroscopy
- 5.2.2. Next Generation Sequencing (NGS)
- 5.2.3. Biosensor (fingerprint)
- 5.2.4. Polymerase Chain Reaction (PCR)
- 5.2.5. Capillary Electrophoresis (CE)
- 5.2.6. Automated Liquid Handling Technology
- 5.2.7. High Speed Ballistic Photography
- 5.2.8. Other technologies

Chapter 6. Global Forensic Technology Market Size & Forecasts by Component 2022-2032

6.1. Segment Dashboard
6.2. Global Forensic Technology Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Product
- 6.2.2. Service

Chapter 7. Global Forensic Technology Market Size & Forecasts by Sample Type 2022-2032

7.1. Segment Dashboard
7.2. Global Forensic Technology Market: Sample Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Blood
- 7.2.2. Hair
- 7.2.3. Skin
- 7.2.4. Tissue sample
- 7.2.5. Metal
- 7.2.6. Other sample types

Chapter 8. Global Forensic Technology Market Size & Forecasts by Application 2022-2032

8.1. Segment Dashboard
8.2. Global Forensic Technology Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Judicial and law enforcement
- 8.2.2. Pharmacogenetics
- 8.2.3. Biodefence

Chapter 9. Global Forensic Technology Market Size & Forecasts by Region 2022-2032

9.1. North America Forensic Technology Market
- 9.1.1. U.S. Forensic Technology Market
  - 9.1.1.1. Technology breakdown size & forecasts, 2022-2032
  - 9.1.1.2. Component breakdown size & forecasts, 2022-2032
  - 9.1.1.3. Sample Type breakdown size & forecasts, 2022-2032
  - 9.1.1.4. Application breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Forensic Technology Market
  - 9.1.2.1. Technology breakdown size & forecasts, 2022-2032
  - 9.1.2.2. Component breakdown size & forecasts, 2022-2032
  - 9.1.2.3. Sample Type breakdown size & forecasts, 2022-2032
  - 9.1.2.4. Application breakdown size & forecasts, 2022-2032
9.2. Europe Forensic Technology Market
- 9.2.1. U.K. Forensic Technology Market
- 9.2.2. Germany Forensic Technology Market
- 9.2.3. France Forensic Technology Market
- 9.2.4. Spain Forensic Technology Market
- 9.2.5. Italy Forensic Technology Market
- 9.2.6. Rest of Europe Forensic Technology Market
9.3. Asia-Pacific Forensic Technology Market
- 9.3.1. China Forensic Technology Market
- 9.3.2. India Forensic Technology Market
- 9.3.3. Japan Forensic Technology Market
- 9.3.4. Australia Forensic Technology Market
- 9.3.5. South Korea Forensic Technology Market
- 9.3.6. Rest of Asia Pacific Forensic Technology Market
9.4. Latin America Forensic Technology Market
- 9.4.1. Brazil Forensic Technology Market
- 9.4.2. Mexico Forensic Technology Market
- 9.4.3. Rest of Latin America Forensic Technology Market
9.5. Middle East & Africa Forensic Technology Market
- 9.5.1. Saudi Arabia Forensic Technology Market
- 9.5.2. South Africa Forensic Technology Market
- 9.5.3. Rest of Middle East & Africa Forensic Technology Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Bio-Rad Laboratories, Inc.
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Agilent Technologies
- 10.3.3. Shimadzu Scientific Instruments
- 10.3.4. Thermo Fisher Scientific, Inc.
- 10.3.5. Leica Microsystems
- 10.3.6. GE Healthcare
- 10.3.7. Ultra Electronics Forensic Technology Inc.
- 10.3.8. HORIBA, Ltd.
- 10.3.9. Projectina
- 10.3.10. Zentek Digital Investigations Ltd.

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes