Int'l : +1-503-894-6022 | Toll Free : +1-800-792-5285 | help@alliedmarketresearch.com
A02038 | Pages: 151 | Charts: 42 | Tables: 83 |
The global forensics technology market was valued at $15.2 billion in 2020, and is projected to reach $44.3 billion by 2030, growing at a CAGR of 11.2% from 2021 to 2030. Forensic technologies are used to process samples and evidence for crime investigation and prosecutions. Various technologies are used in different fields of forensic science such as scanning electron microscopy, DNA fingerprinting, alternative light photography, facial reconstruction, and LA-ICP-MS to conduct investigations and examine the evidence. These technologies provide effective and reliable results for solving various types of cases such as missing person investigation, disaster victim identification, paternity testing, and others.
[COVIDIMPACTSTATEMENT]
Get more information on this report : Request Sample Pages
The growth of the global forensics technology market is majorly driven by factors such as increase in crime rates and involvement of advanced technologies to solve criminal cases. For instance, according to record of Statista, in 2020, there were over 746 thousand crimes recorded in London. Thus forensics technology market forecast is expected to show greater increase due to growth in crime rates.
Furthermore, mounting pressure to clear backlog cases on the judicial system and outsourcing of case results by government of various countries present lucrative opportunities to market players offering forensic services thus driving the forensics technology industry. However, lack of accuracy of these technologies hampers the growth of the forensics technology market.
Moreover, advancement in forensic science and new technology launch in market is anticipated to contribute toward the growth of the forensics technology industry market. For instance, in November, 2020, Agilent Technologies Inc., a leading manufacturer of forensic technologies, launched new nanodis system for nanoparticle dissolution testing. However, lack of accuracy of these technologies restricted the market growth during the forecast period.
Global Forensics Technology Market Segmentation
The forensics technology market is segmented on the basis of type, and region. By type, the market is mainly categorized into services and products.
Region-wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Arabia, South Africa, and LAMEA).
Segment Review
Depending on type, the fingerprinting analysis segment dominated the forensics technology market size market in 2020, and this trend is expected to continue during the forecast period, owing to surge in crime rates. However, the DNA testing segment is expected to witness considerable growth during the forecast period, owing to advancements in forensics technology market opportunity in the near future.
[BYTYPEGRAPH]
North America garnered the major forensics technology market size in 2020, and is expected to continue to dominate during the forecast period, owing to presence of key players for manufacturing &and well-established judicial infrastructure in the region. However, Asia-Pacific is expected to have one of the high forensics technology market share register the highest CAGR of 12.4% from 2021 to 2030, owing to an increase in criminal cases.
[REGIONGRAPH]
Key Market Segments
Key Market Players