The global Forensic Technology Market will be worth USD 52.04 billion by 2027, according to a current analysis by Emergen Research. In order to achieve benchmarks in forensic science, governments across the globe are taking different initiatives making it crucial for public safety. This is in turn increasing the horizon of growth for the said market. For example, National Institute of Standards and Technology (NIST) partnered with the National Institute of Justice (NIJ) to develop new techniques to increase workflow The latest report provides detailed insights into Forensic Technology market trends, industry trends, consumer trends, market size, market share, market growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the Forensic Technology market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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The major competitors operating globally have jointly initiated the Industry/University Cooperative Research Centers Program which helps in effective R&D regarding forensic science mainly across industry and academic collaborations. The program stresses on the development of practices in order to handle and preserve DNA as well as other biological evidence. Global Forensic Technology market growth is driven by a variety of factors and trends, primary of which include rising focus by major companies on product/service expansion into new and untapped domestic Forensic Technology markets, rising investments in strategic agreements, and rising competition in the market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is a major trend in an increasing number of developing economies. In addition, availability of favorable government policies and steady economic growth across various regions and countries is resulting in an increasing number of players focusing on leveraging opportunities to drive visibility and increase revenue and profits.
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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Forensic Technology Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.
Key Highlights From The Report.
- In November 2019, Thermo Fisher Scientific launched SeqStudio Genetic Analyzer, a technologically advanced and forensic laboratory qualified technology. It is in order to refine human identification system as well as validate workflow to forensic DNA laboratories.
- When it comes to the type of technology, Polymerase Chain Reaction (PCR) accounted for the most prominent share in 2019 owing to the fast penetration rates for different areas of applications like illicit drug analysis, ballistics and toxicology studies.
- In the application segment, the law enforcement agencies is likely to grow at the fastest CAGR of 13.3% over the forecasted period which can be attributed to the increasing number of initiatives taken by the government in order to clear backlogs of criminal cases that need strong evidence.
Region wise performance of the Forensic Technology industry
North America Forensic Technology market growth registered a significant incline in 2020 and this is having major impact on market growth of other major regions. In addition, North America Forensic Technology market growth is expected to continue to remain dominant over other regional markets over the forecast period. Presence of major players in countries in the region is a key factor driving steady change in overall Forensic Technology market trends, and this is expected to continue to support market growth in North America.
Asia Pacific Forensic Technology market growth is expected to register a rapid rate in terms of revenue as compared to other regional markets over the forecast period. China, India, and South Korea accounted for significantly robust Forensic Technology market growth in 2020, and the trend is expected to continue over the forecast period. Factors such as increasing population, favorable government policies and initiatives, and availability of more advanced technologies, services, and offerings in these countries is driving Forensic Technology market growth in Asia Pacific.
Europe Forensic Technology market growth and revenue expansion is expected to remain steady over the forecast period. This can be attributed to robust focus on research and development initiatives by major firms and changing Forensic Technology market trends in countries in other major regions.
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Forensic Technology industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Forensic Technology market across different regions?
- Who are the major driving forces expected to decide the fate of the Forensic Technology industry worldwide?
- Who are the prominent market players making a mark in the Forensic Technology market with their winning strategies?
Table of Content
Chapter 1. Methodology & Sources
1.1. Forensic Technology Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Forensic Technology Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Forensic Technology Market Segmentation & Impact Analysis
4.1. Forensic Technology Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Forensic Technology Market indicators analysis
4.2.2. Forensic Technology Market drivers analysis
126.96.36.199. Rapid urbanization and industrialization
188.8.131.52. Stringent government regulations regarding carbon emissions
184.108.40.206. Increasing prevalence of respiratory diseases
220.127.116.11. Rising need to enhance indoor air quality
4.2.3. Forensic Technology Market restraints analysis
18.104.22.168. High cost associated with the maintenance of Forensic Technology products
22.214.171.124. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Forensic Technology Market Revenue Share By Manufacturers
10.2. Mergers & Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2.1. North America
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
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