Forensic Technology Market - By Technology (Spectroscopy, Next Generation Sequencing (NGS)), Component (Product, Service), Sample Type (Blood, Skin), Application (Judicial & Law Enforcement, Pharmacogenetics), Global Forecast, 2023-2032

Forensic Technology Market - By Technology (Spectroscopy, Next Generation Sequencing (NGS)), Component (Product, Service), Sample Type (Blood, Skin), Application (Judicial & Law Enforcement, Pharmacogenetics), Global Forecast, 2023-2032

Forensic technology market is expected to witness more than 10.3% CAGR from 2023 to 2032. Technological advancements, such as AI and machine learning, have played a pivotal role in enhancing the efficiency and accuracy of forensic investigations. In October 2023, Detego Global introduced the cutting-edge AI-powered face recognition to the Detego Analyse AI+, the company’s investigative analysis platform. Such platforms help ease forensic investigations.

The increasing awareness of the significance of forensic evidence in solving crimes has driven governments and law enforcement agencies to invest significantly in cutting-edge forensic technologies. This heightened focus on forensic solutions is steering the market towards a future marked by continuous innovation and transformative breakthroughs.

The forensic technology market is classified based on technology, component, sample type, and region.

The Next Generation Sequencing (NGS) segment is predicted to record strong demand through 2032 as the technology has revolutionized forensic DNA analysis, offering capabilities in deciphering complex genetic codes with speed and precision. The ability to process massive volumes of genetic data swiftly has not only accelerated investigations but has also expanded the scope of forensic applications. From identifying suspects based on minute DNA traces to unraveling intricate familial relationships, NGS as a technological innovation will continue to gain traction.

The service segment will generate massive revenues for the market by 2032 as it encompasses consultancy, training, and support services. Forensic experts and analysts worldwide benefit from specialized training programs, equipping them with the skills needed to navigate the complexities of modern forensic technology. The service component not only facilitates the seamless integration of cutting-edge tools but also ensures that the human element remains at the heart of forensic investigations, fostering a collaborative and proficient forensic community.

Europe forensic technology market is anticipated to observe strong CAGR from 2023 to 2032, owing to a rich history of forensic advancements and a commitment to adopting the latest technologies. The emphasis on cross-border cooperation, standardization of forensic protocols, and robust investment in R&D further position Europe as a lucrative avenue for the industry players to leverage opportunities & amplify returns.