Overview

Cold case: Industry growth is expected increase at a slower rate due to lower crime and incarceration rates

IBISWorld’s Forensic Technology Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The industry’s growth has been facilitated by the rapid technological changes that have revolutionized every facet of forensic services
  • The scope of technological change in forensic analysis has driven demand for industry services
  • Government consumption and investment is forecast to increase over the next five years

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    Industry Analysis & Industry Trends

    The Forensic Technology Services industry, which provides a variety of forensic services used in criminal investigations, has rebounded to steady growth over the five years to 2017. 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. The introduction of high-tech biometrics technology, especially pertaining to forensic DNA analysis, has been essential to the growth of the industry, enabling scientists to extract larger quantities of value data from smaller DNA samples...

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    Industry Report - Industry Analysis Chapter

    Revenue the Forensic Technology Services industry has returned to steady growth. Industry operators provide a variety of forensic services used in criminal investigations, such as forensic biology (DNA testing), forensic toxicology (drug testing), controlled substance services, fingerprint testing and ballistics testing. Since most forensic laboratories in the United States are publicly funded and demand for industry services is almost exclusively derived from government agencies, any contraction in government budgets reduces spending on forensic services, particularly at the state, county and municipal levels. Non..

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    Additional Insights for the Forensic Technology Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Forensic Technology Services Industry are

  • Accreditation from the ASCLD/LAB
  • Access to a highly skilled workforce
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Local and state government investment and Government consumption and investment in the Forensic Technology Services industry impact industry performance..

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    Industry Products

    What is the Forensic Technology Services Industry?

    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.

    Industry Products
    Forensic biology
    Controlled substances
    Toxicology
    Latent prints
    Crime scene
    Firearms
    Trace evidence
    Industry Activities
    Database forensics services
    Biometric testing
    Fingerprint analysis
    Forensic DNA testing
    Forensic biology testing
    Forensic toxicology immunoassay (drug testing)
    Controlled substance testing
    Ballistics testing

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Local and state government investment
  • Government consumption and investment
  • Crime rate
  • Incarceration rate

  • Current Performance
  • Technological advances spur demand
  • Changing industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Government funding to rise
  • Tackling the backlog
  • Changes in industry structure persist
  • Table: Forensic Technology Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Forensic Technology Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Public Administration

  • Key Selling Industries
  • Inorganic Chemical Manufacturing
  • Laboratory Supply Wholesaling
  • Organic Chemical Manufacturing

  • Products & Services
  • Controlled substances
  • Other
  • Forensic biology
  • Latent prints
  • Firearms
  • Trace evidence
  • Crime scene
  • Toxicology
  • Chart: Forensic Technology Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • State governments
  • County governments
  • Municipal governments
  • Federal government
  • Chart: Major Market Segmentation for the Forensic Technology Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Forensic Technology Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Forensic Technology Services Industry

  • Industry Globalization
    Major Companies
    FBILaboratory Corporation of America Holdings
  • Table: FBI - financial performance
  • Table: Laboratory Corporation of America Holdings - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Forensic Technology Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Forensic Technology Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Local and state government investment (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Dna Sequencer
  • A scientific instrument used to automate the DNA sequencing process.
  • Electrophoresis System
  • Equipment used to process the separation of substances, especially proteins, and analyze molecular structure.
  • Forensic Biology
  • The application of biology to law enforcement, including various subdisciplines related DNA and protein analysis.
  • Forensic Chemistry
  • The application of chemistry to law enforcement to reveal what chemical changes occurred during an incident and help reconstruct the sequence of events.
  • Picogram
  • One trillionth of a gram.
  • Spectrophotometer
  • Laboratory equipment used to measure the intensity of light in a part of the spectrum, especially as transmitted or emitted by particular substances.
  • Thermocycler
  • Laboratory equipment used to amplify segments of DNA.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Forensic Technology Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Forensic Technology Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Forensic Technology Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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