Forensic technologies include solutions for identification, interpretation and analysis of evidence collected from a site of crime. Various equipment and procedures, such as record management systems (RMS), data examination and charting tools, license plate recognition (LPR) systems, closed-circuit televisions (CCTV) and DNA confirmation machines, are used to conduct forensic investigations. The technology is crucial for antagonistic, non-contentious, and fraud-related litigation and inquiries to solve homicide, cybercrimes and related criminal activities. According to the latest report by IMARC Group, the global forensic technologies market is expected to grow at a CAGR of around 6% during 2019-2024.
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The global market is driven by an alarming increase in the crime rate across the globe. The growing sophistication and finesse in the crimes committed are boosting the demand for advanced forensic technologies for solving such cases. Furthermore, the rising prevalence of cybercrimes has enhanced the utilization of software-based forensic systems to preserve sensitive data, monitor data transfer and reduce the incidences of intellectual property (IP) infringement. Other factors, including technological advancements in the fields of DNA sequencing, magnetic fingerprinting, facial reconstruction and integrated ballistic systems, along with favorable government policies and funding for forensic research and development (R&D), are projected to drive the market further.
Key Market Segmentation:
Market Breakup by Product
1. Digital & Computer Forensics
2. Ballistic Forensics
3. DNA Testing
4. Biometrics
5. Others
Market Breakup by Service
1. Laboratory Forensics
2. Forensic Consulting
Market Breakup by Technique
1. Polymerase Chain Reaction (PCR)
2. Capillary Electrophoresis
3. Next-Generation Sequencing
4. Rapid DNA Analysis
5. Automated Liquid Handling Technology
6. Microarrays
7. Others
Market Breakup by Application
1. Pharmacogenetics
2. Biodefense & Bio-Surveillance
3. Judicial and Law Enforcement
4. Others
Market Breakup by Region
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. Latin America
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Some of the major players operating in the industry include:
1. Agilent Technologies A, +0.14%
2. GE Healthcare
3. LGC LGC, +0.00%
4. Promega
5. IDEMIA
6. Canon CAJ, +0.32%
7. Thermo Fisher Scientific
8. Bio-Rad Laboratories
9. Shimadzu Corp
10. NetBio
11. SCIEX
12. Forensic Fluids Laboratories
13. NMS Labs
14. Eurofins Medigenomix GmbH
15. Forensic Pathways
16. Pyramidal Technologies Ltd, etc.
Key highlights of the report:
Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Competitive Structure
Profiles of Key Players
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