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Forensic Technologies and Services Global Market Report 2023: Growing Caseload of Unsolved Crimes Worldwide to Spur Investments in Forensic Technologies & Services
[May 30, 2023]

Forensic Technologies and Services Global Market Report 2023: Growing Caseload of Unsolved Crimes Worldwide to Spur Investments in Forensic Technologies & Services


DUBLIN, May 30, 2023 /PRNewswire/ -- The "Forensic Technologies and Services - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

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Global Forensic Technologies and Services Market to Reach $41.5 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Forensic Technologies and Services estimated at US$18.2 Billion in the year 2022, is projected to reach a revised size of US$41.5 Billion by 2030, growing at a CAGR of 10.8% over the analysis period 2022-2030. Services, one of the segments analyzed in the report, is projected to record 11.9% CAGR and reach US$27.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Solutions segment is readjusted to a revised 9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $6.6 Billion, While China is Forecast to Grow at 11% CAGR

The Forensic Technologies and Services market in the U.S. is estimated at US$6.6 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2030 trailing a CAGR of 11% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.3% and 10.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.2% CAGR.

Select Competitors (Total 280 Featured)-

  • Agilent Technologies, Inc.
  • BAE Systems Plc
  • Capsicum Group LLC
  • Cellmark Forensics
  • Computer Forensics Inc.
  • Creative Forensic Services
  • Cyber Agents Inc.
  • Forensic Pathways Ltd.
  • Forensics Conulting Solutions LLC
  • Foster + Freeman Ltd.
  • Global Digital Forensics Inc.
  • Leica Geosystems AG
  • MorphoTrust USA Inc.
  • Neogen Corporation
  • PAPILLON ZAO
  • Pyramidal Technologies Ltd.
  • SBC Co. Ltd.
  • Thermo Fischer Scientific Inc.
  • Tri-Tech Forensics Inc.



Key Topics Covered:

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. 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

2. FOCUS ON SELECT PLAYERS

3. 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

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

For more information about this report visit https://www.researchandmarkets.com/r/imths2

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SOURCE Research and Markets


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