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Forensic Technology Market Size Projected To Reach USD 40.4 Billion By 2025: Grand View Research Inc.

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Forensic Technology Market Size Projected To Reach USD 40.4 Billion By 2025: Grand View Research Inc.

July 03
10:39 2019
Forensic Technology Market Size  Projected To Reach USD 40.4 Billion By 2025: Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global forensic technology market size was estimated at USD 13.8 billion in 2016 and is anticipated to grow at a CAGR of 12.7% throughout the forecast period.

The global forensic technology market is expected to reach USD 40.4 billion by 2025, according to a new report by Grand View Research, Inc. Innovations in forensic science lead to the development of advanced techniques for solving crimes and increasing the efficiency of DNA testing. Government initiatives for achieving progress in research in forensic science, which is critical for public safety, is widening the scope for forensic technologies market growth. For instance, National Institute of Justice (NIJ) entered into a partnership with National Institute of Standards and Technology (NIST), and National Science Foundation (NSF) to develop new techniques. 

 These organizations have also jointly initiated Industry/University Cooperative Research Centers Program that aids in industry and academic collaborations for efficient R&D in forensic science. One of the major contributions by this program includes development of practices for preservation and handling of DNA &other biological evidence. These agenda of this program is to enhance the interoperability of national as well as regional automated fingerprinting identification systems, limit investigator bias, and develop standards for efficient analysis in criminal cases.

U.S. forensic technology market by product, 2014 – 2025 (USD Million)

 U.S. forensic technology market by product, 2014 - 2025 (USD Million)

Request a sample Copy of the Forensic Technology Market Research Report @ https://www.grandviewresearch.com/industry-analysis/forensic-technology-market/request/rs1

Key Takeways Of The Report :

  • Capillary electrophoresis accounted for the largest part of the type segment in 2016. This can beattributed to high penetration in various applications such as toxicology studies, illicit drug analysis, and ballistics
  • In the services segment, chemical analysis captured the dominant share in 2016. This is a result of increasing adoption of this technique in fire debris analysis, serology, bloodstain pattern analysis, and fingerprinting
  • In the application segment, judicial/law enforcement held the largest part in 2016 owing to the growing number of government initiatives intended toward clearing backlogs of criminal cases that require concrete evidence
  • Laboratory technology held a substantial share of the location segment. This is a consequence of consistent usage due to its ability to analyze a large number of samples
  • North America held the largest share of the market owing to the increase in number of supportive government initiatives aimed toward promoting usage of forensic technologies
  • Asia Pacific is anticipated to witnesslucrative CAGR during the forecast period. The lucrative growth rate can be attributed to development of advanced infrastructure fortesting facilities
  • High competition has been observed as a result of key players adopting strategies that include new product development and strategic collaborations & agreements to gain competitive advantage

Global forensic technologies market share by region, 2016 (%)

Global forensic technologies market share by region, 2016 (%)

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/4628/ibb

Grand View Research has segmented the global forensic technologies market on the basis of type, services, application, location,and region:

Forensic Technology Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Polymerase Chain Reaction (PCR)
  • Capillary Electrophoresis
  • Next-Generation Sequencing (NGS)
  • Rapid DNA Analysis
  • Automated Liquid Handling Technology
  • Microarrays
  • Others

Forensic Technology Services Outlook (Revenue, USD Million, 2014 – 2025)

  • DNA Profiling
  • Chemical Analysis
  • Biometric Analysis
  • Firearms Identification
  • Others

Forensic Technology Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Pharmacogenetics
  • Biodefense & Biosurveillance
  • Judicial/Law Enforcement
  • Others

Forensic Technology Location Outlook (Revenue, USD Million, 2014 – 2025)

  • Laboratory Forensic Technology
  • Portable Forensic Technology

Forensic Technology Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa

Browse Related Report:

Transcriptomics Technologies Market: https://www.grandviewresearch.com/industry-analysis/transcriptomics-technologies-market

Bioinformatics Market: https://www.grandviewresearch.com/industry-analysis/bioinformatics-industry

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
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Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
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Country: United States
Website: www.grandviewresearch.com/industry-analysis/forensic-technology-market