Forensic Technologies and Services Market to Surpass US$ 39,101.4 Million by 2027

Global Forensic Technologies and Services Market, by Type (product type (DNA Profiling, Biometric Analysis, Digital Forensic, and Chemical Analysis and Services (Laboratory Forensic (LIMS), and Portable Forensics (FaaS)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be US$  14,877.7  million in 2019, and is expected to exhibit a CAGR of 12.8% over the forecast period (2019-2027).

Major players are engaged in the acquisition of business to develop more growth opportunities in the forensic technologies and services market. For instance, in 2018, Agilent Technologies Inc. acquired Luxcel Biosciences Ltd, a developer of real-time fluorescence plate-reader-based in vitro cell assay kits. This acquisition expanded Agilent’s cell analysis portfolio with the addition of easy-to-use assay kits that are compatible with industry standard plate-readers.

Furthermore, For instance, in 2017, Eurofins Scientific, signed an agreement to acquire Forensics and Security division of LGC (“LGC Forensics”), largest player in the U.K. forensic market.

Moreover, in November 2019, Moqi Inc. launched new automatic fingerprint identification system (AFIS) at Milipol Conference in Paris.

Browse 28 Market Data Tables and 26 Figures spread through 160 Pages and in-depth TOC on "Global Forensic Technologies and Services Market, by Type (product type (DNA Profiling, Biometric Analysis, Digital Forensic, and Chemical Analysis and Services (Laboratory Forensic (LIMS), and Portable Forensics (FaaS)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Global Forecast to 2027"

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Key Takeaways of the Global Forensic Technologies and Services Market:

• The global forensic technologies and services market is expected to exhibit a CAGR of 12.8% over the forecast period (2019–2027), owing to increasing acquisition of business to develop more growth opportunities.
• Among type, chemical analysis segment is expected to account for a major revenue share by 2027. Chemical analysis is a forensic study that is used in identification of illegal substances within the criminal justice system.
• Major players operating in the global forensic technologies and services market include Agilent Technologies, Inc., Creative Forensic Services, eDirect Impact, LLC, Capsicum Group LLC, Computer Forensic, Inc., Illumina, Inc, and BAE Systems plc.