FORENSIC TECHNOLOGIES AND SERVICES MARKET ANALYSIS

Forensic Technologies and Services Market – Insights

Advanced technologies in forensics science has been the substantial importance in recent years. Few examples of such advancements include enhanced fingerprint retrieval from metal objects such as gun cartridges and various metal ammunition, role of chemistry to identify chemical and biological weapons, and integration of various technologies, which can improve detection of various drugs and explosives materials at security checkpoints. Moreover, other such advancements in checking human crimes include portable DNA profiling techniques at crime scenes, which provides high accuracy in determining the age of an individual related to crime.

These technological advancements helped the market with reduced costs in practical applications, which enhances the affordability of forensic applications in various fields and thus, increases their market penetration. Increasing use of DNA profiling and other fingerprint technologies have shown a high visibility to forensic testing. The U.S. remains on top with large number of crime happening yearly. This has led to increasing number of forensic laboratories in the U.S., of which perfume forensic study has raised from 490 in 2000 to around 550 in 2010. Noticing top 50 publicly funded forensic crime labs in the U.S., the annual aggregate budget of such labs is around US $360 million. These laboratories analyze hundreds of thousands of samples annually.

The global forensic technologies and services market size was valued at US$ 14,877.7 million in 2019, and is expected to witness a CAGR of 12.8% over the forecast period (2019-2027).

Global Forensic Technologies and Services Market Share (%) Analysis, By Type, 2019

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Source: Coherent Market Insights Analysis (2019)

Strengthening crime laboratories: Collaboration between industry and university is expected to drive growth of the global forensic technologies and services market

In crime laboratories across the U.S., scientists and technicians are working together on increasing the technologies that can be effectively used to bring criminals to justice and prevent the innocent from imprisonment. Advancements to bring new technologies in forensic science research and development (R&D) to solve and increase the reliability and efficiency of forensic testing.

Various institutions are being set up to further increase research related to forensic science. For instance, the National Institute of Justice (NIJ), invested US$ 127 million during 2009 and 2014 in R&D. Moreover, in 2015 the National Institute of Justice (NIJ) entered into a partnership with National Science Foundation (NSF) and the National Institute of Standards and Technology (NIST) to develop new technologies in forensic science. Moreover, in 2014, National Institute of Justice and National Science Foundation collectively started an Industry/University Cooperative Research Center to enhance university and industry collaboration in forensic science R&D and education.

Global Forensic Technologies and Services Market - Regional Insights

On the basis of region, the global forensic technologies and services market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold a dominant position in the global forensic technologies and services market over the forecast period, owing to increasing rate of violent crimes in the region. For instance, according to The Federal Bureau of Investigation (FBI) report, in 2018, there were 16,214 murder and no negligent manslaughter cases were reported in the U.S.

Asia Pacific is expected to witness significant growth in the global forensic technologies and services market over the forecast period, owing to increasing launches of forensic laboratories in this region. For instance, in 2013, a global biotechnology company, Life Technologies launched first private DNA forensics laboratory in India, which accelerated sampling process and reduced burden on existing forensic laboratories.

Global Forensic Technologies and Services Market Value (US$ Mn) & Y-o-Y Growth (%), 2016-2027

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 Source: Coherent Market Insights Analysis (2019)

Global Forensic Technologies and Services Market - Competitive Landscape

Key players operating in the global forensic technologies and services market include Agilent Technologies, Inc., Creative Forensic Services, eDirect Impact, LLC, Capsicum Group LLC, Computer Forensic, Inc., Illumina, Inc., and BAE Systems plc.