WELLESLEY, Mass. , Oct. 09, 2017 (GLOBE NEWSWIRE) -- The market for forensic technology and equipment continues to expand as the collection and evaluation of crime scene evidence remains extremely important in the United States’ legal system. According to the report Forensic Technologies: New and Growing Markets, BCC Research expects the total market for forensic technologies to reach $19.2 billion by 2022 from 12.7 billion in 2016 at a compound annual growth rate (CAGR) of 7.7%.
Computer forensics and forensics accounting will remain the largest sectors of this market; following in market size are DNA testing and fingerprinting/biometrics. Analytical instruments and supplies are predicted to have the lowest growth rate.
Although crime rates across the United States are dropping, the forensics market is paradoxically growing—attributed to technological advancements creating new market openings and new categories of crime. For example, the implication of data on computers has created new kinds of forensics, such as forensic accounting and computer forensics.
Research Highlights
- The computerization of crime labs has seen substantial investment
- Fingerprinting continues to move rapidly away from ink-based methods to biometric technologies such as electronic fingerprinting scanners.
- Among recently issued patents, those involving DNA with mass spectrometry technology and electronic recovery techniques outpaced other approved forensic applications.
- Complex forensic databases represent a significant growth niche.
“Market demand within the forensic science industry is moving toward inexpensive, reliable and efficient products that are based on techniques accepted by the scientific community,” said Kevin Gainer, BCC Research analyst and author of the report. “A key objective in designing for forensic testing has been to develop accurate and fast, portable products for field use.”
Forensic Instruments
The majority of instruments in forensics testing are used to provide chemical information about crime scene evidence. Tests performed on these instruments compare and identify substances. Of forensic tools, DNA testing is still the definitive form. New technologies and applications for the collection and analysis of DNA continue to contribute to a growing market, expected to increase at a 6.0% CAGR over the next five years.
Readers can use this report to:
- Understand the key trends driving growth of forensics technologies
- Get smart, quick on potential revenue for the relevant technologies, market segments, patents and legislation.
- Determine the forensics market’s potential for growth and high-demand sectors
Company Profiles
Companies included in this report: PerkinElmer, Agilent, Waters Corp., Bruker Instruments Inc., Spectris, J&W Scientific, Thermo Electron, Nartec and more than 40 others.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming@bccresearch.com.
About BCC Research
BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, including emerging markets. For more information about BCC Research, please visit bccresearch.com. Follow BCC Research on Twitter at @BCCResearch.