Forensics Technology Market Projected to Grow Expeditiously: to Reach USD 44.3 Billion by 2030

Forensic technology refers to the application of scientific and technological methods to the field of criminal investigation and law enforcement. It plays a critical role in collecting, analyzing, and interpreting evidence to help solve crimes, identify perpetrators, and support the justice system. Forensic technology encompasses a wide range of disciplines, including DNA analysis, fingerprinting, ballistics, digital forensics, and more. 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.

Forensics Technology Market in Short:

CAGR: 11.2%
Current Market Size: USD 44.3 Billion
Fastest Growing Region: APAC
Largest Market: North America
Projection Time: 2020-2030
Base Year: 2020

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Q1. What is the forecast year of Forensics Technology Market?

The forecast year of forensic technology market is 2021 to 2030.

Q2. What are the upcoming trends of Forensics Technology Market in the world?

increased incidence of crimes such as cybercrimes, harassment against women, and homicides are the upcoming trends of forensics technology market.

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One of the key advancements in forensic technology is the utilization of DNA analysis. DNA profiling has revolutionized criminal investigations by providing highly accurate and conclusive identification of individuals. The analysis of DNA evidence collected from crime scenes, such as blood, saliva, or hair samples, can link suspects to the crime or exclude innocent individuals. Additionally, advancements in DNA analysis techniques, such as rapid DNA testing and next-generation sequencing, have further improved the speed and accuracy of DNA identification.

Digital forensics is another crucial area of forensic technology that deals with the examination and analysis of electronic devices and digital evidence. With the increasing prevalence of technology in our daily lives, digital evidence has become integral to investigations. Digital forensics involves the recovery and analysis of data from computers, smartphones, storage devices, and networks, uncovering valuable evidence that can link suspects to crimes or reveal their activities and communications.

Top Leading Key Companies –

• Thermo Fisher Scientific Inc.,
• GE Healthcare (A healthcare division of GE company),
• 3M COMPANY,
• Ultra-Electronics Forensic Technology Inc. (Subsidiary of Ultra Electronics Holdings plc.), Morphotrust USA (Safran S.A.),
• Agilent Technologies Inc.
• Eurofins Medigenomix Forensik GmbH (Forensic Division of Eurofins Scientific S.E.),
• Belkasoft,
• LGC Limited,
• NMS Labs

Market: By Region Outlook

• North America (U.S., Canada, Mexico)
• Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
• LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Rest of LAMEA)

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Important Questions Being Answered by This Market Report Are –

Q1. Which is the largest regional market for Forensics Technology?

Q2. What is the estimated industry size of Forensics Technology?

Q3. Which are the top companies to hold the market share in Forensics Technology?

Key findings of the study –

Overall, forensic technology plays a vital role in modern criminal investigations, providing valuable scientific tools and methodologies to unravel mysteries and establish facts. By leveraging the power of technology and scientific analysis, forensic experts contribute to the pursuit of justice and ensure the integrity of legal proceedings.

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