Forensic Technology Services
The Forensic Technology Services industry, which provides a variety of forensic services used in criminal investigations, posted steady growth over the five years to 2018. Publicly funded forensic crime labs primarily receive requests from criminal justice agencies. Since government agencies are essentially the primary market for industry services, many publicly funded forensic crime labs rely heavily on tax revenue. Consequently, favorable domestic economic conditions, such as rising per capita disposable income and low unemployment, resulted in increased tax revenue over the five years to 2018. The industry's growth has been facilitated by the rapid technological changes that have revolutionized every facet of forensic services, making forensic evidence an indispensable part of most criminal investigations. Over the five years to 2023, industry growth is forecast to increase at a slower pace than the current period, due to a declining crime rate, which is expected to reduce the number of forensic testing requests at the federal, state, county and municipal levels.
Companies in this industry provide database forensics and testing services, such as biometrics, fingerprinting and DNA testing. Other testing services include forensic biology, forensic toxicology immunoassay (drug testing), testing for controlled substances and ballistics testing using analytical instruments.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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