DUBLIN, Oct. 11, 2023 /PRNewswire/ — 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 $41.5 Billion by 2030
The global forensic technologies and services market has undergone a comprehensive analysis covering the period from 2014 to 2030. This analysis includes a detailed examination of annual sales, recent trends, historical data, and future projections, all expressed in US$ million.
The market analysis is segmented into various categories, including services, solutions, chemical analysis, DNA profiling, biometric analysis, firearms identification, other types, laboratory forensics, portable forensics, judicial/law enforcement, pharmacogenetics, biodefense & biosurveillance, and other applications.
In terms of services, this segment is projected to see substantial growth, with an estimated Compound Annual Growth Rate (CAGR) of 11.9%, reaching US$27.6 billion by the end of the analysis period. The Solutions segment is expected to grow at a CAGR of 9% over the next 8 years.
The U.S. Market is Estimated at $6.6 Billion, While China is Forecast to Grow at 11% CAGR
The geographic analysis encompasses regions such as the USA, Canada, Japan, China, Europe, Asia-Pacific, and the Rest of the World. Notably, the U.S. market for forensic technologies and services is estimated at US$6.6 billion in 2022. Meanwhile, China, the world’s second-largest economy, is forecasted to reach a market size of US$2.7 billion by 2030, with a CAGR of 11% during the analysis period from 2022 to 2030.
Other key geographic markets include Japan and Canada, both expected to experience robust growth at 9.3% and 10.2%, respectively, over the 2022-2030 period. In Europe, Germany is forecasted to grow at an impressive CAGR of approximately 12.2%.
Furthermore, the report provides historical market data from 2014 to 2021 and offers insights into the 16-year perspective for the years 2014, 2023, and 2030. These perspectives include the percentage breakdown of value revenues for each region, providing a comprehensive understanding of the global forensic technologies and services market, its historical performance, current trends, and future prospects across various regions and segments.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET OVERVIEW
- Rise in Violent Crime Provides the Cornerstone for the Growth of Forensic Technologies and Services
- The Importance of Bringing Perpetrators of Crime to Justice to Prevent Further Occurrence of Crime in Society Cannot be Undermined: Global Murder Rates Per 100,000 People by Country for the Year 2023
- Global Economic Update
- Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
- War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
- Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
- Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
- Competition
- Forensic Technologies and Services – Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Forensic Technologies and Services: Overview & Analysis
- World Brands
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Growing Caseload of Unsolved Crimes Worldwide to Spur Investments in Forensic Technologies & Services
- DNA Profiling, a Technology that Revolutionized Forensic Science, Continues to Witness Strong Growth
- Biometrics Rises in Importance as a Potent Forensic Technology Tool
- Forensic Laboratory Services to Witness Robust Growth
- Rise in Gun Violence Drives Demand for Forensic Ballistics
- Rise in Mass Shootings Steps Up the Urgency to Remain Well Invested in Forensic Ballistic Technology & Solutions: Number of Incidence of Mass Shootings in the United States Resulting in the Death of 4+ People for the Years 2014 to 2023 (YTD)
- Higher Gun Ownerships Result in Higher Gun Related Violence & Death: Top Civilian Gun Holding Countries (Number of Firearms Per 100 Residents) as of the Year 2023
- Cloud Computing Rises in Prominence for Its Ability to Make Forensic Investigations More Efficient & Cost Effective
- AI Enables Breakthrough Capabilities in Forensic Investigations
- Upswing in Innovations in Forensic Technologies Bodes Well for Future Growth of the Market
FOCUS ON SELECT PLAYERS (Total 280 Featured)
- Agilent Technologies, Inc.
- BAE Systems Plc
- Belkasoft
- Capsicum Group LLC
- Computer Forensic, Inc.
- Creative Forensic Services, LLC
- Cyber Agents, Inc.
- Forensic Fluids Laboratories Inc.
- Forensic Pathways Ltd.
- Forensics Consulting Solutions, LLC
- Foster + Freeman Ltd.
- Global Digital Forensics, Inc.
- HORIBA, Ltd.
- Illumina, Inc.
- LGC Limited
- Neogen Corporation
- NMS Labs
- Pyramidal Technologies Ltd.
- Thermo Fisher Scientific Inc.
- Tri-Tech Forensics, Inc.
- Ultra-Electronics Forensic Technology Inc.
For more information about this report visit https://www.researchandmarkets.com/r/hd5fvg
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