Forensic Technology Market to Grow with a CAGR of 11.11% through 2030
Increasing medicolegal
investigations and technological advancement is expected to drive the Global Forensic
Technology Market growth in the forecast period, 2026-2030.
According to TechSci Research
report, “Forensic Technology Market - Industry
Size, Share, Trends, Opportunity, and Forecast, 2030”, the Global Forensic Technology Market stood
at USD 9.88 billion in 2024 and is anticipated to grow with a CAGR of 11.11% in
the forecast period through 2030. The global market
for forensic technologies is experiencing significant growth due to several key
factors. Firstly, rising crime rates worldwide and advancements in forensic
sciences have led to increased demand for forensic technologies across various
industries. Forensic technology employs scientific methods to investigate and
solve crimes by analyzing evidence collected from crime scenes. The demand for
forensic technologies is particularly high due to the surge in criminal
activities such as fraud, cybercrime, and terrorism. For example, the increase
in terrorist operations in the Middle East has prompted the adoption of
stringent border security measures and the use of forensic technologies to
identify and prosecute perpetrators. Additionally, the rising adoption of
digital devices like smartphones and laptops has resulted in a rise in
cybercrime, creating a need for enhanced forensic tools to investigate and
resolve such cases.
The effectiveness and efficiency of forensic investigations
have significantly improved with the introduction of cutting-edge technologies
such as DNA analysis, fingerprint analysis, and ballistics analysis. The
incorporation of technologies like Artificial Intelligence (AI) and Machine
Learning (ML) in forensic sciences has further driven the demand for forensic
technology. Forensic technologies are finding rapid application in sectors such
as healthcare, banking and finance, and law enforcement. In the healthcare
sector, forensic technologies are widely employed to investigate allegations of
fraud, drug misuse, and medical negligence. Similarly, in banking and finance,
forensic technologies play a crucial role in detecting financial crimes such as
money laundering, fraud, and embezzlement. The market growth is primarily
driven by the increased incidence of crimes, including cybercrimes, against
women, and homicides. Furthermore, proactive initiatives undertaken by
government organizations, such as funding to support forensic research, are
expected to fuel the demand for forensic technology globally. Additionally, the
market has witnessed growth due to advancements and improved accuracy of DNA
testing tools. Moreover, the rise in pressure on investigating authorities to
clear backlog cases and the outsourcing of case results by governments of
various countries have contributed to the market growth. Furthermore,
government initiatives to control cybercrime have played a significant role in
driving market growth.
For instance, in November 2020, the UK government
launched the National Cyber Force (NCF) to address the growing problem of
cybercrime. However, it is important to note that the lack of accuracy in the
results obtained using these technologies may pose limitations to the market's
growth. Advanced technologies in forensic science have gained substantial
importance in recent years. Notable advancements include enhanced fingerprint
retrieval from metal objects, such as gun cartridges and various ammunition, as
well as the role of chemistry in identifying chemical and biological weapons.
Integration of various technologies has also improved the detection of drugs
and explosive materials at security checkpoints. Furthermore, portable DNA
profiling techniques at crime scenes have provided high accuracy in determining
the age of individuals related to crimes.
These technological advancements have
contributed to cost reductions in practical applications, enhancing the
affordability of forensic applications in various fields and subsequently
increasing their market penetration. The increasing use of DNA profiling and
fingerprint technologies has significantly raised the visibility of forensic
testing. Technological advancements, such as magnetic fingerprinting, automated
fingerprint identification, alternative light and ballistics photography, DNA
sequencing, laser ablation coupled plasma mass spectrometry, and alternative
light and ballistics, are anticipated to drive growth in the industry. For
instance, the state forensic labs in India have expanded their infrastructure
in response to the rising demand for DNA testing. These upgrades are expected
to enhance existing technologies, streamline case resolution processes, and
reduce associated costs. Moreover, they are projected to bolster the accuracy
and efficiency of DNA analysis, creating promising opportunities for growth.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on "Global
Forensic Technology Market”
The Global Forensic Technology
Market is segmented into type, services, application, regional distribution, and
company.
Based
on type, capillary electrophoresis is witnessing the fastest growth in the forensic technology market. This technique is increasingly being adopted due to its high accuracy, speed, and ability to analyze small DNA samples with precision. It plays a critical role in DNA profiling, which is essential in forensic investigations for identifying individuals and solving criminal cases. Capillary electrophoresis offers advantages such as automation, minimal sample requirement, and reliable results, making it a preferred method in many forensic laboratories. Moreover, ongoing technological advancements and integration with other analytical tools are enhancing its efficiency and expanding its applications. As a result, capillary electrophoresis is emerging as the most rapidly growing segment within forensic technologies.
Based on Region, the Asia-Pacific region is witnessing the fastest growth in the global forensic technology market. This rapid expansion is driven by several key factors, including increased government investments in modernizing forensic infrastructure, rising crime rates, and the growing adoption of advanced technologies such as DNA analysis, digital forensics, and biometrics across countries like India, China, and Japan. Additionally, improvements in legal frameworks, expansion of public safety initiatives, and a heightened focus on solving criminal cases efficiently have further accelerated market demand. The region's large population base and ongoing developments in law enforcement capabilities also contribute to the strong growth outlook. As a result, Asia-Pacific is expected to continue registering the highest compound annual growth rate (CAGR) compared to other regions during the forecast period.
Major companies
operating in Global Forensic Technology Market are:
- Agilent Technologies Inc.
- GE Healthcare
- Thermo Fisher Scientific Inc.
- Nms Labs
- Eurofins Medigenomix GmbH
- Lgc Forensics
- Forensic Pathways
- Spex Forensics
- Forensic Fluids Laboratories
- Pyramidal Technologies Ltd.
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“There is a significant demand for forensic technologies
due to the increasing prevalence of criminal activities, including fraud,
cybercrime, and terrorism. For example, the rise in terrorist operations in the
Middle East has necessitated the adoption of stringent border security
legislation and the use of forensic technologies to identify and prosecute
perpetrators. Additionally, the growing adoption of digital devices, such as
smartphones and laptops, has resulted in an increase in cybercrime, creating a
need for enhanced forensic tools to investigate and resolve such cases. The key
driver behind the market expansion is the recent surge in global violent
crimes. This trend has been observed in recent times. Additionally, the rising
incidents of homicide, robbery, sexual assault, and murder are secondary
factors fueling the demand for forensics, thus contributing to the market
expansion”, said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Forensic Technology Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (PCR, Capillary Electrophoresis, Next Generation Sequencing, Microarrays, Others), By Services [Deoxyribonucleic acid (DNA) Profiling, Chemical Analysis, Biometric Analysis, Digital Forensics, and Others], By Application (Law Enforcement, Pharmacogenetics, Biodefense & Bio surveillance, and Others), By Region and Competition, 2020-2030F”, has evaluated the future growth
potential of Global Forensic Technology Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Forensic Technology Market.
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