Global Forensic Technology Market Overview
Forensic Technology Market size was estimated at 35.22 (USD Billion) in 2022. The forensic technology market industry is expected to grow from 40.09(USD Billion) in 2023 to 128.74 (USD Billion) by 2032. The forensic technology market CAGR (growth rate) is expected to be around 13.84% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Forensic Technology Market Trends Highlighted
Key market drivers in the forensic technology market include the increasing crime rates, the need for accurate and reliable evidence in legal proceedings, and the growing adoption of digital technologies in forensic investigations. Opportunities for growth in the market include the development of new and innovative forensic technologies, the expansion of forensic services into new areas, and the increasing use of forensic technology in non-criminal investigations.
Recent trends in the forensic technology market include the increasing use of artificial intelligence (AI) and machine learning (ML) in forensic investigations, the development of new methods for DNA analysis, and the growing popularity of cloud-based forensic software. These trends are expected to continue in the coming years, driving growth in the Forensic Technology market.
In addition to the key market drivers, opportunities, and trends mentioned above, other factors that are expected to contribute to the growth of the forensic technology market include the increasing demand for forensic technology in developing countries, the growing awareness of the importance of forensic evidence, and the increasing use of forensic technology in civil litigation.
Forensic Technology Market Drivers
Rising Crime Rates and Terrorism
Rapidly increasing rates of crime and terrorism across the world are major drivers of growth within the forensic technology market. Law enforcement agencies and forensic laboratories have been increasingly using advanced technology to investigate and solve crime.
Forensic technology can be used to identify and crackdown of criminals besides providing evidence needed for their prosecution. Growing demand for forensic technology is expected to increase in relation to the rising rates of criminal activities within cities. Increases in acts of terrorism across the globe have also emerged as major drivers for growth of the forensic technology market.
Terrorist activities around the world require forensic intervention to aid in investigations. Forensic technology is critical in identification of victims and tracking the suspects besides providing evidence for their prosecution. Increasing waves of terrorism are causing more pressure on the demand for forensic technology. Globally, both increased crime levels and terrorism are the main concerns for governments especially in the wake of new technologies in these sectors.
There is bound to be an increase in investment in forensic technology to enable its core use in fighting crime in the synchronized world. The trend is bound to continue for many years to come consequently driving growth of the forensic technology market.
Technological Advancements
The rapid pace of technological advancements is also driving growth in the Forensic Technology Market. New technologies are constantly being developed that can improve the accuracy and efficiency of forensic investigations.
For example, advances in DNA analysis have made it possible to identify criminals from even small samples of evidence. Similarly, advances in digital forensics have made it possible to recover data from computers and other electronic devices, which can be used to provide evidence in criminal cases.
As technology continues to advance, new forensic techniques and applications are being developed. This is leading to increased adoption of forensic technology by law enforcement agencies and forensic laboratories. The forensic technology market is expected to continue to benefit from technological advancements in the years to come.
Growing Awareness of Forensic Science
The increasing awareness of forensic science is also contributing to the growth of the Forensic Technology Market. Television shows and movies have helped to educate the public about the importance of forensic science in solving crimes. As a result, there is a growing demand for forensic services from both law enforcement agencies and private individuals. The growing awareness of forensic science is also leading to increased investment in forensic education and training.
This is creating a pool of highly skilled forensic professionals who can use the latest technologies to solve crimes. The Forensic Technology Market is expected to continue to benefit from the growing awareness of forensic science in the years to come.
Forensic Technology Market Segment Insights
Forensic Technology Market Technology Insights
The forensic technology market is segmented by technology into DNA analysis, fingerprint analysis, digital forensics, trace evidence analysis, and toxicology. Digital forensics is expected to hold the largest market share during the forecast period. The growing adoption of digital devices and the increasing incidence of cybercrimes are major factors driving the growth of this segment.
DNA analysis is a rapidly growing segment of the forensic technology market. The increasing use of DNA testing in criminal investigations and paternity cases is driving the growth of this segment. The market for DNA analysis is expected to reach USD 20.4 billion by 2024, growing at a CAGR of 12.4% during the forecast period.
Fingerprint analysis is a traditional forensic technology that has been used for over a century. The increasing use of fingerprint analysis in criminal investigations and border control is driving the growth of this segment. The market for fingerprint analysis is expected to reach USD 6.3 billion by 2024, growing at a CAGR of 9.1% during the forecast period.
Digital forensics is a rapidly growing segment of the forensic technology market. The increasing adoption of digital devices and the increasing incidence of cybercrimes are major factors driving the growth of this segment. The market for digital forensics is expected to reach USD 32.1 billion by 2024, growing at a CAGR of 15.2% during the forecast period.
Trace evidence analysis is a forensic technology that is used to analyze trace evidence, such as hair, fibers, and glass. The increasing use of trace evidence analysis in criminal investigations is driving the growth of this segment. The market for trace evidence analysis is expected to reach USD 4.9 billion by 2024, growing at a CAGR of 10.5% during the forecast period.
Toxicology is a forensic technology that is used to analyze drugs and poisons. The increasing use of toxicology in criminal investigations and drug testing is driving the growth of this segment. The increasing adoption of forensic technologies in criminal investigations and other applications is driving the growth of this market.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Forensic Technology Market Application Insights
By application, the forensic technology market is segmented into criminal investigations, civil investigations, insurance investigations, corporate investigations, and counterterrorism. Criminal investigations held the largest market share of 30.8% in 2023 and is projected to reach a valuation of USD 19.76 billion by 2032, exhibiting a CAGR of 13.2%. This significant share can be attributed to the rising crime rates and the need for advanced forensic tools and techniques to solve complex crimes.
Civil Investigations accounted for a market share of 22.1% in 2023 and is expected to grow at a CAGR of 14.3% during the forecast period. This growth is driven by the increasing demand for forensic services in civil disputes, such as fraud detection and intellectual property theft investigations.
Insurance Investigations held a market share of 18.9% in 2023 and is projected to grow at a CAGR of 13.9% through 2032. The segment's growth is attributed to the rising number of insurance claims and the need for forensic analysis to determine the cause and extent of damage or loss.
Corporate investigations accounted for 15.6% of the market revenue in 2023 and is expected to grow at a CAGR of 13.4% during the forecast period. This growth is driven by the increasing prevalence of corporate fraud and the need for forensic investigations to uncover financial irregularities and protect corporate assets.
Counterterrorism held the smallest market share of 12.6% in 2023 and is projected to grow at a CAGR of 13% through 2032. The segment's growth is driven by the rising threat of terrorism and the need for advanced forensic techniques to prevent and investigate terrorist activities.
Forensic Technology Market End-User Insights
The end-user segment comprises various entities that utilize forensic technologies for diverse purposes. Law enforcement agencies employ forensic technology to investigate crimes, gather evidence, and identify suspects. Government agencies leverage these technologies for national security, counterterrorism, and border control.
Private forensic laboratories offer specialized forensic services to law enforcement, legal professionals, and private individuals. Insurance companies utilize forensic technology to assess claims, investigate fraud, and determine liability.
Corporations employ forensic technology for internal investigations, intellectual property protection, and compliance with regulatory requirements.
The forensic technology market revenue is projected to reach 40.09 billion USD in 2023, with a significant contribution from the end-user segment. Growth is driven by increasing crime rates, advancements in forensic science, and the rising demand for digital forensics. Key market trends include the adoption of cloud-based forensic solutions, the integration of artificial intelligence, and the growing need for specialized forensic services.
Forensic Technology Market Instrument Type Insights
The instrument type segment is a crucial component of the forensic technology market, offering a comprehensive range of tools and technologies for forensic investigations. DNA Sequencers, with their ability to analyze genetic material, play a vital role in identification, paternity testing, and criminal investigations.
Mass spectrometers, known for their precision and sensitivity, are employed in toxicology, drug testing, and trace evidence analysis. Digital forensics software, designed for examining electronic devices, enables the recovery and analysis of digital evidence from computers, smartphones, and other digital platforms.
Fingerprinting devices, utilizing advanced technologies, facilitate the rapid and accurate identification of individuals through fingerprint analysis. Evidence collection kits, equipped with specialized tools and materials, are essential for the proper collection and preservation of forensic evidence at crime scenes.
The forensic technology market revenue for the Instrument Type segment is projected to reach 13.84 billion USD by 2032, driven by increasing demand for advanced forensic technologies in law enforcement, forensics laboratories, and research institutions.
Forensic Technology Market Regional Insights
Regionally, the market is segmented into North America, Europe, APAC, South America, and MEA. Among these, North America accounted for the largest market share in 2023, owing to the presence of well-established forensic laboratories, advanced technologies, and favorable government funding. The region is expected to maintain its dominance throughout the forecast period. Europe is another significant market, driven by increasing investments in forensic science and the rising adoption of advanced technologies.
The APAC region is projected to witness the fastest growth during the forecast period, attributed to the growing awareness of forensic technology and the increasing number of forensic laboratories in emerging economies like China and India. South America and MEA are expected to contribute a smaller share to the overall market but are anticipated to show steady growth in the coming years.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Forensic Technology Market Key Players and Competitive Insights
The major players in the forensic technology market are constantly looking to gain a competitive edge through investment in research and development or by investing in a new product. On the other hand, the leading players on the Forensic Technology Market have been introducing the new technologies and solutions by focusing on strategic partnerships and acquisitions.
The competitive landscape of the industry presents a mix of major companies and new companies, each with their unique offerings. Additionally, the mergers and acquisitions have also been a trend in the forensic technology market.
The investments made by companies in research and development expand the scope of the forensic technology market and allow for opportunities to boost the competitive environment of the market. The growing number of new technologies which are to be introduced and the existing range of technologies of the key players, both are expected to foster the competitive environment of the market, leading market consolidation.
Thermo Fisher Scientific is one of the major companies on the Forensic Technology Market. The company provides a wide range of forensic products and services, such as DNA analysis systems, reagents, software, and training. Thermo Fisher Scientific is known for being a company and is focused on innovations during the years.
The company invests in research and development to provide their customers with high-quality and advanced technologies. The Ion Torrent next-generation sequencing platform is one of such examples and illustrates the technology used by Thermo Fisher Scientific. The company also has a significant number of partnerships and acquisitions to enhance the services and solutions they offer and expand their geographical reach.
Agilent Technologies is another company that is one of the major players of in the Forensic Technology Market. The company provides a range of products and services, such as chromatography and mass spectrometry systems, software, and consumables. Agilent Technologies is also known for being accurate and reliable, and their capabilities are widely used in forensic laboratories worldwide. Like Thermo Fisher Scientific, Agilent Technologies is a company which is invested in research and development to develop new technologies with a focus on strategic partnerships and acquisitions, which would enhance their solutions and benefits.
Key Companies in the Forensic Technology Market Include
- Cepheid
- 3M Company
- Bruker Corporation
- QIAGEN N.V.
- Waters Corporation
- HORIBA, Ltd.
- Shimadzu Corporation
- Agilent Technologies
- Danaher Corporation
- Promega Corporation
- BD
- PerkinElmer
- Abbott Laboratories
- Leica Microsystems
- Thermo Fisher Scientific
Forensic Technology Market Developments
The forensic technology market is anticipated to witness substantial growth over the forecast period. Several factors contribute to this growth, including the increasing adoption of digital forensics tools and techniques, the growing need for efficient crime investigation, and the rising incidence of cybercrime. In 2023, the market was valued at USD 40.09 billion, and it is projected to reach USD 128.74 billion by 2032, exhibiting a CAGR of 13.84%.
Key market players include Thermo Fisher Scientific, LGC Group, Agilent Technologies, and Danaher Corporation. Recent advancements in DNA analysis, facial recognition, and digital forensics are expected to propel the market's growth. Furthermore, government initiatives and investments in forensic technology are expected to boost market expansion.
Forensic Technology Market Segmentation Insights
- Forensic Technology Market Technology Outlook
- DNA Analysis
- Fingerprint Analysis
- Digital Forensics
- Trace Evidence Analysis
- Toxicology
- Forensic Technology Market Application Outlook
- Criminal Investigations
- Civil Investigations
- Insurance Investigations
- Corporate Investigations
- Counterterrorism
- Forensic Technology Market End-User Outlook
- Law Enforcement Agencies
- Government Agencies
- Private Forensic Laboratories
- Insurance Companies
- Corporations
- Forensic Technology Market Instrument Type Outlook
- DNA Sequencers
- Mass Spectrometers
- Digital Forensics Software
- Fingerprinting Devices
- Evidence Collection Kits
- Forensic Technology Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
35.22 (USD Billion) |
| Market Size 2023 |
40.09 (USD Billion) |
| Market Size 2032 |
128.74 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
13.84% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Cepheid, 3M Company, Bruker Corporation, QIAGEN N.V., Waters Corporation, HORIBA, Ltd., Shimadzu Corporation, Agilent Technologies, Danaher Corporation, Promega Corporation, BD, PerkinElmer, Abbott Laboratories, Leica Microsystems, Thermo Fisher Scientific |
| Segments Covered |
Technology, Application, End-User, Instrument Type, Region |
| Key Market Opportunities |
1.      Digital Forensics in Healthcare 2.      AI Integration 3.      Cloud-based Forensic Tools 4.      Digital Forensics as a Service 5.      Mobile Device Forensics |
| Key Market Dynamics |
1.      Increasing Crime Rates 2.      Advancements in Technology 3.      Growing Awareness of Forensic Science 4.      Government Initiatives 5.      Rise in Demand for Specialized Forensic Services |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The forensic technology market size was valued at USD 22.35 billion in 2023 and is projected to grow at a CAGR of 13.84% from 2023 to 2032, reaching USD 128.74 billion by 2032.
The key regions in the forensic technology market are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America held the largest market share in 2023, and Asia-Pacific is expected to grow at the highest CAGR during the forecast period.
The major applications of forensic technology include crime scene investigation, digital forensics, DNA analysis, fingerprint analysis, and ballistics. Forensic technology is used to collect, analyze, and interpret evidence in criminal investigations.
The key competitors in the forensic technology market include Thermo Fisher Scientific, Agilent Technologies, Danaher Corporation, PerkinElmer, and LGC. These companies offer a wide range of forensic technology products and services, including DNA analysis systems, fingerprint analysis systems, and ballistics analysis systems.
The key trends in the forensic technology market include the increasing use of DNA analysis, the growing adoption of digital forensics, and the development of new forensic technologies such as facial recognition and artificial intelligence.
The challenges in the forensic technology market include the high cost of forensic technology, the lack of skilled forensic professionals, and the ethical concerns surrounding the use of forensic technology.
The opportunities in the forensic technology market include the growing demand for forensic technology in developing countries, the increasing use of forensic technology in civil litigation, and the development of new forensic technologies such as wearable sensors and drones.
The forensic technology market is expected to grow at a CAGR of 13.84% from 2023 to 2032.
The factors driving the growth of the forensic technology market include the increasing crime rate, the growing awareness of forensic technology, and the increasing demand for forensic technology in developing countries.
The restraints on the growth of the forensic technology market include the high cost of forensic technology, the lack of skilled forensic professionals, and the ethical concerns surrounding the use of forensic technology.
