Forensic Technology Market Share

  • Report ID: 5074
  • Published Date: Oct 09, 2024
  • Report Format: PDF, PPT

Forensic Technology Market Share

North American Market Forecast

Forensic technology market in North America is predicted to account for the largest share of 36% by 2037 impelled by the presence of well-established forensic laboratories. The Federal Bureau of Investigation (FBI), is one of the principal federal laboratories in the United States which is in charge of looking into cyberattacks and intrusions and enforces federal law and conducts investigations into a range of criminal behavior, such as terrorism, cybercrime, white collar crimes, public corruption, civil rights violations, and other serious offenses by working diligently every day. This has led to the development of advanced forensic techniques in the region.

For instance, the Federal Bureau of Investigation (FBI) teamed up with sequencing instrument and services firm SeqLL to create an assay for forensic bodily fluid identification by utilizing the company's True Single Molecule Sequencing platform.

APAC Market Statistics

The APAC forensic technology market is estimated to be the second largest, during the forecast timeframe led by increasing awareness about forensic technology. Owing to rising digital technology usage and an uptick in cybercrime events there is an increase in understanding of many forensic technology in countries such as India that also assist lawmakers in striking a compromise between safeguarding people's genetic privacy and shielding defenseless civilians from criminal activity.

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Author Credits:  Radhika Pawar


  • Report ID: 5074
  • Published Date: Oct 09, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of forensic technology is estimated at USD 17.2 billion.

The forensic technology market size was over USD 15.96 billion in 2024 and is poised to exceed USD 53.18 billion by the end of 2037, witnessing over 9.7% CAGR during the forecast period i.e., between 2025-2037. Rising rate of crime across the globe and the growing popularity of blockchain technology will drive the market growth.

North America industry is likely to account for largest revenue share 36% by 2037, impelled by presence of well-established forensic laboratories in the region.

The major players in the market are LGC Forensics, Forensic Pathways, SPEX Forensics, Forensic Fluids Laboratories, Pyramidal Technology Ltd., GE Healthcare, Thermo Fisher Scientific, Inc., NMS Labs, Eurofins Medigenomix GmbH.
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