Dublin, Feb. 17, 2023 (GLOBE NEWSWIRE) -- The "Forensic Technologies and Services: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Forensic Technologies and Services Market to Reach $61.6 Billion by 2030
The global market for Forensic Technologies and Services estimated at US$24.3 Billion in the year 2022, is projected to reach a revised size of US$61.6 Billion by 2030, growing at a CAGR of 12.3% over the analysis period 2022-2030.
Capillary Electrophoresis, one of the segments analyzed in the report, is projected to record a 12.6% CAGR and reach US$25.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Polymerase Chain Reaction (PCR) segment is readjusted to a revised 11.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $7.1 Billion, While China is Forecast to Grow at 11.4% CAGR
The Forensic Technologies and Services market in the U.S. is estimated at US$7.1 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.4 Billion by the year 2030 trailing a CAGR of 11.4% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.2% and 10.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.
Key Metrics
| Report Attribute | Details |
| No. of Pages | 268 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $24.3 Billion |
| Forecasted Market Value (USD) by 2030 | $61.6 Billion |
| Compound Annual Growth Rate | 12.3% |
| Regions Covered | Global |
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- A Primer
- Recent Market Activity
- Ever Present Threat of Crime Boosts the "Need" Factor
- DNA Analysis: The Ultimate Weapon in the Battle against Crime
- Government Intervention to Help Perk-Up Demand
- Expanding Criminal DNA Database Extends a Fillip to DNA Analysis
- DNA Analysis Aids in Post-Conviction Testing
- Privacy Issues Plague DNA Forensics
- Rising DNA Sample Analysis Backlogs Saddle Crime Labs
- Federal Funds to Ease the Backlog Burden
- Testing Quality in Laboratories Raises Eyebrows
- Rise in Gun Violence Raises the Demand for Forensic Ballistics
- Rise in Cyber Crimes Brings to Fore the Emergence of Computer Forensics
- Digital Forensics Continue to Gain Acceptance in the Corporate Sector
- Forensic Technologies and Services - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
MARKET TRENDS & DRIVERS
- Challenges Continue to Bedevil Digital Forensics
- Smartphone Forensics Garners Momentum
- Law Enforcement Slow in Adoption of Mobile Forensics
- Cloud Forensics Grow in Popularity
- Forensics as a Service (FaaS) to Witness Robust Growth
- Constant Threat of Terrorist Bombings Sharpens the Focus On Explosives Forensics...
- All Eyes on Forensic Consulting Services
- The Era of Slow Growth Invites Financial Fraud & Strengthens the Business Case for Forensic Accounting Services
- Demand Swells for Miniaturized, Hand-Held Forensics Devices
- Miniaturization of DNA based Diagnostics: Still an Uphill Task
- Innovations in Forensic Technologies: Key to Growth
- Targeted Collection - The Next Generation Forensic Tool
- Image Enhancement Technology: A Shot in the Arm for Criminal Investigation
- Fingerprint Detection on Metals Now a Possibility
- Universities Emerge As Forensic R&D Hubs
- Structure of Forensic Labs in the United States
- Operational Structure
- Spotlight on Accreditation
- Challenges Confronted by Forensic Labs
- Practice of Forensic Science Attracts Widespread Criticism
- Insufficient Funding Hampers Operations of Crime Labs
- A Review of Select Technologies Applied in Forensic Investigation
- High-Speed Cameras for Ballistics Photography
- Panoramic 3D Cameras
- Alternative Light Photography
- Laser Ablation Inductively Coupled Plasma Mass Spectrometry (LA-ICP-MS)
- Video Spectral Comparator
- 3D Forensic Facial Reconstruction
- DNA Sequencer
- Forensic Carbon-14 Dating
- XFT Device - Digital Surveillance for Xbox
- Link Analysis Software for Forensic Accountants
- Magnetic Fingerprinting & Automated Fingerprint Identification System (AIFS)
- Notable Recent R&D Initiatives
- Human Microbiome
- Innovative Spectroscopy Technique Promises Effective Cloth Fiber Identification
- Use of Raman Spectroscopy for Effective Evidence Processing
- Nanoparticles: Treasure Trove of Forensic Information
- New Technique for Human Hair Identification Promises Faster Processing
- Sequence Specific Label Free Cost Effective DNA Sensors Promise to Lower Costs of DNA Analysis
- Innovative New Device Drastically Speeds Up Human DNA Extraction
- Fluorescent Fingerprint Tag to Enhance Latent Print Collection & Identification
FOCUS ON SELECT PLAYERS (Total 32 Featured)
- Agilent Technologies (USA)
- BAE Systems Plc (United Kingdom)
- Capsicum Group, LLC (USA)
- Cellmark Forensics (USA)
- Computer Forensics, Inc. (Canada)
- Creative Forensic Services (USA)
- Cyber Agents, Inc. (USA)
- Data Recovery Services (USA)
- Forensics Consulting Solutions, LLC (USA)
- Forensic Pathways Ltd. (UK)
- Foster + Freeman Ltd. (United Kingdom)
- Global Digital Forensics, Inc. (USA)
- Horiba, Ltd. (Japan)
- KrollOntrack (UK)
- Leica Geosystems AG (Switzerland)
- MicroForensics, Inc. (USA)
- MorphoTrust USA, Inc. (USA)
- Neogen Corporation (USA)
- PAPILLON ZAO (Russia)
- Pyramidal Technologies Ltd. (Barbados)
- Thermo Fisher Scientific, Inc. (USA)
- Tri-Tech Forensics, Inc. (USA)
For more information about this report visit https://www.researchandmarkets.com/r/osqorm
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