Forensic Technology Market: Trends, Forecast and Competitive Analysis

Publisher: Lucintel Published: January 2021
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Forensic Technology Market: Trends, Forecast and Competitive Analysis

Report Feature

The future of the forensic technology market looks promising with opportunities in pharmacogenetics, biodefense & biosurveillance, and judicial/law enforcement. The global forensic technology market is expected to grow with a CAGR of 12%-14% from 2020 to 2025. The major drivers for this market are rising number of violent crimes and increasing unsolved cases due to absence of concrete evidence, which require forensic technologies.

A total of XX figures / charts and XX tables are provided in this more than 150-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global forensic technology market report, please download the report brochure.

 
 
In this market, chemical analysis is the largest service segment of forensic technology, whereas judicial/law enforcement is the largest application. Growth in various segments of the forensic technology market are given below:

 
 
 
The study includes trends and forecast for the global forensic technology market by type, service, location, application, and region as follows:
 
By Type [Value ($ Million) shipment analysis for 2014 – 2025]:
  • Polymerase Chain Reaction (PCR)
  • Capillary Electrophoresis
  • Next-Generation Sequencing (NGS)
  • Rapid DNA Analysis
  • Automated Liquid Handling Technology
  • Microarrays
  • Others

By Service [Value ($ Million) shipment analysis for 2014 – 2025]:
  • DNA (Deoxyribonucleic Acid) Profiling
  • Chemical Analysis
  • Biometric Analysis
  • Firearms Identification
  • Others

By Location [Value ($ Million) shipment analysis for 2014 – 2025]: 
  • Laboratory Forensic Technology
  • Portable Forensic Technology

By Application [Value ($ Million) shipment analysis for 2014 – 2025]: 
  • Pharmacogenetics
  • Biodefense & Biosurveillance
  • Judicial/Law Enforcement
  • Others

By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
  • North America
    • United States
    • Canada 
    • Mexico
  • Europe
    • United Kingdom
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • The Rest of the World
    • Brazil
 

Some of the forensic technology companies profiled in this report include Agilent Technologies, Thermo Fisher Scientific, SPEX Forensics, and LGC.

Lucintel forecasts that chemical analysis will remain the largest service segment over the forecast period due to rising preference of forensic experts towards chemical analysis on cases of drug abuse.

Within this market, judicial/law enforcement will remain the largest application segment over the forecast period due to rising efforts by government authorities to create DNA databases and adoption techniques by lab technicians that help in gathering information from DNA samples at reduced costs and time.

North America will remain the largest region over the forecast period due to increasing violent crimes, rising adoption of forensics by private companies and law enforcement agencies in the healthcare sector, and presence of advanced healthcare infrastructure leading to efficiency of forensic studies in the region. 


 
Features of the Global Forensic Technology Market

 
  • Market Size Estimates: Global forensic technology market size estimation in terms of value ($M) shipment.
  • Trend and Forecast Analysis: Market trends (2014-2019) and forecast (2020-2025) by various segments.
  • Segmentation Analysis: Global forensic technology market size by various segments, such as type, service, location, and application in terms of value.
  • Regional Analysis: Global forensic technology market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different type, service, location, application, and region for the global forensic technology market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global forensic technology market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.




 
This report answers following key questions
 
Q.1 What are some of the most promising potential, high-growth opportunities for the global forensic technology market by type (PCR, capillary electrophoresis, NGS, rapid DNA analysis, automated liquid handling technology, microarrays, and others), service (DNA profiling, chemical analysis, biometric analysis, firearms identification, and others), location (laboratory forensic technology and portable forensic technology), application (pharmacogenetics, biodefense & biosurveillance, judicial/law enforcement, and others), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the global forensic technology market?
Q.5 What are the business risks and threats to the global forensic technology market?
Q.6 What are the emerging trends in this forensic technology market and the reasons behind them?
Q.7 What are some changing demands of customers in this forensic technology market?
Q.8 What are the new developments in this forensic technology market? Which companies are leading these developments?
Q.9 Who are the major players in this forensic technology market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this forensic technology market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the global forensic technology market?

 


Report Scope


Key Features Description
Base Year for Estimation 2019
Trend Period
(Actual Estimates)
2014-2019
Forecast Period 2020-2025
Pages More than 150
Market Representation / Units Revenue in US $ Million
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling
Market Segments Type (PCR, Capillary Electrophoresis, NGS, Rapid DNA Analysis, Automated Liquid Handling Technology, Microarrays, and Others), Service (DNA Profiling, Chemical Analysis, Biometric Analysis, Firearms Identification, and Others), Location (Laboratory Forensic Technology and Portable Forensic Technology), Application (Pharmacogenetics, Biodefense & Biosurveillance, Judicial/Law Enforcement, and Others)

Regional Scope

North America (USA, Mexico, and Canada), Europe (United Kingdom, Germany, and France), Asia (China, India, and Japan), and ROW (Brazil)

Customization 10% Customization without Any Additional Cost

Table of Contents

1. Executive Summary
4.1 Global Forensic Technology Market by Region

Methodology

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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