The Global Forensic Technologies Market is poised to grow at a CAGR of around 13.9% over the next decade to reach approximately $38.64 billion by 2025. Some of the prominent trends that the market is witnessing are forensics as a service (faas) is to witness a robust growth, rise in terrorist bombing sharpens the need for ballistic forensics, targeted collection will be next generation forensics tool, fingerprint detection on metals and miniaturiziation of DNA based diagnostics.
Based on Service, market is categorized into chemical (drugs/explosives/toxicology) analysis, drug analysis and dna profiling, fingerprinting/biometrics and firearm analysis. Chemical (Drugs/Explosives/Toxicology) Analysis is further fragmented into chromatography, enzyme immunoassays (EIA), spectrophotometry and spectroscopy. DNA Profiling is further divided into Mitochondrial DNA (mtDNA) profiling, polymerase chain reaction (pcr)-short tandem repeat (STR) typing, restriction fragment length polymorphism (RFLP) method, Y-str typing and DNA chip technology.
Location is divided into portable forensics technology and laboratory forensics technology. Product market is segmented into biometric devices, ballistic forensics, digital forensics and dna testing.
Forensics as a Service (Faas) is to witness a robust growth.
Rise in terrorist bombing sharpens the need for Ballistic Forensics.
Targeted collection will be next generation forensics tool.