Forensic Technology Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share

What combination of drivers is leading to accelerated growth in the forensic technology market?
The growing crime rates are expected to fuel the growth of the forensic technology market. Increased criminal activity is attributed to factors such as poverty, unemployment, and urbanization. Forensic technology aids in solving crimes more efficiently by enhancing detection and prevention efforts. For instance, in October 2023, the Office for National Statistics reported that police registered 6.7 million crimes in England and Wales in the year ending June 2023, marking a 4% increase from the previous year. Hence, rising crime rates are fueling the forensic technology market's growth.

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What is the projected compound annual growth rate (CAGR) of the forensic technology market from 2025 to 2034, and what factors influence it?
The forensic technology market has grown rapidly in recent years. It will grow from $20.87 billion in 2024 to $23.48 billion in 2025, reflecting a CAGR of 12.6%. This growth is attributed to improvements in forensic analysis, the increasing frequency of crimes, higher demand for DNA testing, advancements in DNA analysis, and the adoption of forensic technologies by private companies.

The forensic technology market is expected to experience rapid growth, reaching $37.36 billion by 2029 at a CAGR of 12.3%. This growth is driven by rising homicide cases, increased investments in modern forensic capabilities, a rise in violent crimes, and an uptick in cybercrime. Trends include technological advancements, the use of AI in forensics, and strategic partnerships and product launches.

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How are the latest trends influencing the growth of the forensic technology market?
Companies in the forensic technology market are creating AI-powered tools to improve the accuracy and efficiency of forensic investigations. In May 2024, Alvarez and Marsal launched ChatView, an AI-powered tool for transcribing and translating chat data across platforms. The tool helps lawyers and detectives quickly analyze vast amounts of chat data, improving security and expanding functionalities like offline transcription.

What are the major segments of the forensic technology market and their role in driving growth?
The forensic technology market covered in this report is segmented -

1) By Type: Next Generation Sequencing (NGS), Capillary Electrophoresis, Polymerase Chain Reaction (PCR), Microarrays, Rapid DNA Analysis, Automated Liquid Handling Technology, Other Types
2) By Service: DNA Profiling, Chemical Analysis, Biometric Analysis, Firearms Identification, Other Services
3) By Location: Laboratory Forensics Technology, Portable Forensics Technology
4) By Application: Pharmacogenetics, Biodefense And Biosurveillance, Judicial Or Law Enforcement, Other Applications

Subsegments:
1) By Next Generation Sequencing (NGS): Whole Genome Sequencing, Targeted Sequencing, RNA Sequencing
2) By Capillary Electrophoresis: DNA Fragment Analysis, STR Analysis (Short Tandem Repeat), Genetic Fingerprinting
3) By Polymerase Chain Reaction (PCR): Real-Time PCR (qPCR), Digital PCR (dPCR), Multiplex PCR
4) By Microarrays: DNA Microarrays, RNA Microarrays, SNP Microarrays (Single Nucleotide Polymorphisms)
5) By Rapid DNA Analysis: Portable DNA Analysis Systems, Rapid DNA Test Kits
6) By Automated Liquid Handling Technology: Automated Pipett*ing Systems, Liquid Handling Robotics, High-Throughput Screening (HTS)
8) By Other Types: Mass Spectrometry, Forensic Imaging Technologies, Luminol-Based Detection Systems, Biosensors And Biochips

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Which region dominates the forensic technology market?
North America was the largest region in the forensic technology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the forensic technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the forensic technology market?
Major companies operating in the forensic technology market are Hitachi Corporation, F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Siemens Healthineers AG, Thales SA, GE HealthCare Technologies Inc., Agilent Technologies Inc., Nikon Corporation, Shimadzu Scientific Instruments, IDEMIA Group, Bio-Rad Laboratories Inc., Bruker Corporation, QIAGEN N.V., HORIBA Ltd., Carl Zeiss AG, FLIR Systems Inc., Ultra Electronics Holdings Plc, LGC Forensics Ltd, AB SCIEX Pte Ltd, Leica Microsystems GmbH, Neogen Corporation, Promega Corporation, Pacific Biosciences of California Inc., Bode Cellmark Forensics Inc., Sirchie, Morpho

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What Is Covered In The Forensic Technology Global Market Report?

•Market Size Forecast: Examine the forensic technology market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the forensic technology market for a structured understanding.
•Key Players Overview: Analyze major players in the forensic technology market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the forensic technology market.
•Segment Contributions: Evaluate how different segments drive overall growth in the forensic technology market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the forensic technology market.
•Industry Challenges: Identify potential risks and obstacles affecting the forensic technology market.
•Competitive Landscape: Review strategic developments in the forensic technology market, including expansions, agreements, and new product launches.

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