Forensic Technology Market Size, Share & Trends Analysis Report By Type (Polymerase Chain Reaction, Capillary Electrophoresis, Next Generation Sequencing, Rapid DNA Analysis, Automated Liquid Handling Technology, Microarrays), By Service (DNA Profiling, Chemical Analysis, Biometric Analysis, Firearms Identification), By Application (Pharmacogenetics, Biodefense & Bio surveillance, Judicial/Law Enforcement), By Location (Laboratory Forensics Technology, Portable Forensics Technology) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2022-2030

Market Overview

The global forensic technology market size was valued at USD 14.78 billion in 2021 and is projected to reach USD 41.92 billion by 2030, registering a CAGR of 12.28% from 2022 to 2030.

The processing of forensic samples and evidence is essential to the investigation and prosecution of criminal cases. Scanner electron microscopy, DNA fingerprinting, alternative light photography, facial reconstruction, and low-temperature inductively coupled plasma mass spectrometry (LA-ICP-MS) are some of the technologies that are utilised in the various subfields of forensic science in order to conduct investigations and analyse the evidence. These technologies deliver accurate and trustworthy results for the investigation and resolution of a variety of issues, including those involving the search for missing persons, the identification of catastrophe victims, paternity testing, and others.

Market Dynamics

Market drivers

Involvement of advanced technologies to solve criminal cases

There are a number of factors that are primarily responsible for driving the expansion of the global market for forensics technology. Some of these factors include an uptick in the number of crimes committed and the utilisation of more advanced technologies in the investigation and resolution of criminal cases. For example, Statista's records indicate that there were approximately 746 thousand crimes reported in London in the year 2020. Because of this, the projection for the market for forensics technology is anticipated to exhibit a more significant increase due to the rise in the rates of crime.

In addition, developments in forensic science and the introduction of innovative technologies to the market are both expected to play a role in the expansion of the forensics technology sector market. For example, in November of 2020, Agilent Technology Inc., a prominent maker of forensic technologies, introduced a brand new nanodis system for the purpose of conducting nanoparticle dissolving testing. Nevertheless, the inaccuracy of these technologies acted as a barrier to the expansion of the market during the course of the anticipated term.

Market restraints

High cost

The high prices connected with this technology are the primary factor that is preventing the market from expanding, particularly in the developing and emerging nations of Asia Pacific and Africa.

Market opportunity

Increase in crime rates

The primary aspect that is driving the expansion of the market is the recent uptick in the number of violent crimes that have been committed all over the world. This has been the case in recent times. In addition to that, homicide on a global scale, robbery, sexual assault, and murder are the secondary reasons that are fueling the market expansion by boosting the demand for forensics. In addition, the countries of North and South America have been responsible for a sizeable portion of the increase in crime rates over the past few years. Africa and Asia have followed in this trend, which is anticipated to present an opportunity for expansion over the next period of time.

Regional Analysis

The market is split into North America, Europe, Asia-Pacific, and LAMEA.

Because of the steadily increasing number of violent crimes committed across the entirety of North America in 2019, that region held the greatest share of the market. In this region, there has been a considerable increase in the adoption of forensics by private companies and law enforcement organisations in a variety of different industries, including healthcare, which has led to a higher percentage being attracted to the field. Progressive changes have been made in the healthcare infrastructure, which have led to improvements in the levels of efficiency relating forensic R&D. These improvements are projected to stimulate market growth because they have led to higher levels of overall efficiency.

It is anticipated that the market in the Asia Pacific region will expand at a compound annual growth rate (CAGR) of 13.9% throughout the duration of the forecasted period. This is primarily due to the increasing frequency of investments in applications areas surrounding human identification across the region.

In addition, there has been a gradual increase in the number of criminal actions, particularly in growing economies such as China and India, which has considerably increased the traction of DNA identification technologies that are aimed at obtaining a conviction in a shorter amount of time.

Segmental Analysis

The global market for forensic technology may be broken down into distinct submarkets according to the different types of forensic technology and the applications for those technologies. The market can be broken down into several different categories, including automated liquid handling technologies, capillary electrophoresis, microarrays, next-generation sequencing, polymerase chain reaction, fast DNA analysis, and other sorts. On the basis of application, the global market for forensic technology is divided into the following categories: biodefense and bio-surveillance, judiciary or law enforcement, pharmacogenetics, and other applications.

In 2020, the fingerprinting analysis segment of the forensics technology market size market will dominate, however, this will vary depending on the type. Because of the recent uptick in crime rates, it is anticipated that this pattern will carry on during the period covered by the prediction. On the other hand, due to potential future developments in forensics technology market opportunities, it is anticipated that the DNA testing segment would experience significant growth over the course of the projected period.

Recent Developments

Key players in the global forensic technologies market are expanding their market position by adopting various strategies such as mergers & acquisitions and research collaborations with other companies to launch innovative products and consolidate their market positions worldwide.

In January 2020, BlackBag Technologies, a company specialising in computer forensics, was recently bought by Cellebrite. According to the reports, the total value of the transaction was expected to be 33 million USD. BlackBag is a company that offers forensic analysis tools for mobile and computer devices that are based on Apple macOS, Microsoft Windows, iOS, and Google Android.

In October 2019, The United States Federal Bureau of Investigation (FBI) has given its stamp of approval to the cutting-edge forensic DNA technology developed by Verogen Inc. specifically geared toward application in forensic laboratories. The Federal Bureau of Investigation has determined that it is appropriate for agents to engage in a variety of forensic laboratories at the state, federal, and municipal levels.

In March 2017, the research-grade Triple Quadruple LC/MS System was recently introduced by Agilent Technologies. As a result of the launch of the new product, the scope of the services offered by the company was broadened to include a variety of research applications. These applications include forensic toxicology, clinical research, environmental testing, and peptide quantification.