The Forensic Technologies Market is being driven by Increasing crime rate demanding better investigation methods
The Forensic Technologies Market is expected to grow at a CAGR of 13.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 9234.5 million. Utilizing Next-Generation Sequencing (NGS) technology, forensic laboratories can now process vast amounts of sequencing data in a significantly shorter timeframe and at a reduced cost. NGS initiates parallel sequencing of DNA fragments, leading to increased efficiency. This technology has given rise to various assays and models designed for forensic DNA applications. These assays include Sequence-Based Typing (SBT), which uses STR markers for individual differentiation in complex mixtures, and Single Nucleotide Polymorphism (SNP) analysis. SNPs are particularly valuable for bio-geographical prediction of unknown crime scene samples or estimation of externally visible characteristics (EVC), such as eye color. By employing these advanced techniques, forensic scientists can enhance their investigative capabilities and provide more accurate results.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
223 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.3% |
Market growth 2025-2029 |
USD 9234.5 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
11.3 |
Key countries |
US, Canada, UK, Germany, France, Brazil, UAE, China, India, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Forensic Technologies Market encompasses advanced tools and techniques used in Forensic Science for investigating crimes, identifying missing persons, and reconstructing catastrophe victims. UNODC and NCBI are key organizations driving research in this field. Technologies include DNA analysis via Capillary Electrophoresis and Next-generation Sequencing from companies like Verogen, Ballistic Forensics, and Biometrics. Portable Forensic Technology, AI in Forensics, Magnetic Fingerprinting, Automated Fingerprint Identification, DNA sequencing, and Electron Microscopy are transforming investigations. Applications include DNA Fingerprinting, Light Photography, Facial Reconstruction, and solving Violent Crimes, Homicides, and missing persons cases. Organizations like the Illinois State Police and FBI's Forensic Capability Network utilize these technologies.
The Forensic Technologies market is a significant segment of the global Life Science Tools and Services industry, encompassing companies specializing in R&D and manufacturing of forensic tools and services. Key technologies include Ballistic Forensics, Biometrics, Capillary Electrophoresis, and Next Generation Sequencing. The market's expansion is driven by factors such as the increasing global population aging, leading to a higher demand for advanced diagnostic tools and techniques for disease detection and crime investigation. Additionally, advancements in technologies like Biometrics and Next Generation Sequencing are expected to fuel market growth. According to Technavio, the global Life Science Tools and Services market, which includes the revenue generated by manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and forensic technologies, is projected to grow steadily due to these demographic and technological trends.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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