Forensics Technology Market Expands with Innovations in Mobile Forensics | CAGR of 11.2%
The Forensics Technology Market is witnessing dynamic growth driven by constant innovations in crime-solving techniques. As crime rates evolve, so does the demand for advanced forensics technologies, including DNA analysis, cyber forensics, and digital forensics. The market’s expansion is further propelled by breakthroughs in forensic imaging, investigative analytics, and biometrics. According to a new report published by Allied Market Research, the global Forensics Technology Market generated $15.21 billion in 2020 and is expected to reach $44.61 billion by 2030, registering a CAGR of 11.2% from 2021 to 2030.
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.
Which are the top companies to hold the market share in Forensics Technology?
3M Company, Agilent Technologies Inc., Belkasoft, GE Healthcare (A healthcare division of GE Company), Eurofins MedigenomixForensik GmbH (Forensic division of Eurofins Scientific S.E.), LGC Limited, Etc.
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Covid-19 Situation –
- The outbreak of COVID-19 has affected the growth of the technology market for global research, due to the increase in lockdowns in various countries around the world.
- As a result of the closure, criminal cases across the world have decreased. In addition, many criminal investigations have been postponed or suspended due to strict social distancing restrictions imposed by the government during the pandemic.
- However, the market should recover quickly.
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DNA analysis involves extracting DNA from a sample and comparing it to a database of known DNA profiles to identify suspects or link evidence to a crime. Fingerprint analysis involves analysing the unique patterns on a person’s fingertips to identify them or link them to a crime scene. Ballistics analysis involves examining bullets and shell casings to determine the type of weapon used and potentially identify the shooter.
Digital forensics involves analysing electronic devices, such as computers and cell phones, to recover data and trace digital evidence. Forensics technology plays a critical role in the criminal justice system, helping to solve crimes and bring perpetrators to justice.
Major Key Market Players in the Industry –
3M COMPANY,
Agilent Technologies Inc.,
Belkasoft,
Eurofins Medigenomix Forensik GmbH (Forensics Division of Eurofins Scientific S.E.),
GE Healthcare (A healthcare division of GE company),
LGC Limited,
Morphotrust USA (Safran S.A.),
Thermo Fisher Scientific Inc.,
NMS Labs,
Ultra-Electronics Forensics Technology Inc. (Subsidiary of Ultra Electronics Holdings plc.)
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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)
Important Questions Being Answered by the This Market Report Are –
What are the upcoming trends of Forensics Technology Market in the world?
Which is the largest regional market for Forensics Technology?
What is the estimated industry size of Forensics Technology?
Which are the top companies to hold the market share in Forensics Technology?
Key findings of the study –
- Based on type, the fingerprint scanning segment is the largest contributor to the Forensics technology market in 2020.
- Regionally, North America posted the highest revenue in 2020, while Asia is expected to grow at the highest CAGR during the forecast period.
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North America accounted for a majority of the global Forensics’ technology market size in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to crime rate and presence of key players for R&D in Forensics science in the region. Asia-Pacific is anticipated to witness lucrative growth in the Forensics technology industry, owing to an increase in crime rate and government initiatives to control crime in the region.
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