Absolute Pressure Sensor Market Analysis, and Growth 2031
Analyst Perspective
An absolute pressure sensor measures pressure relative to a reference of zero pressure. This reference pressure is as close as feasible to a vacuum. Substantial growth has been observed in the absolute pressure sensor market over the past years, and the trend is anticipated to continue in the coming years of the forecast period. The use of these sensors has been significant in major regions with major manufacturing hubs such as Asia Pacific and North America. Technological advancements in absolute pressure sensor technology will open up many opportunities for the market in the future. The monitoring capabilities of the sensors have rendered them useful in various industries in the market. The potential is massive, so long as the cost of the device can be kept down. Failure to do so will result in a shift away from the sensors towards other devices.
Market Overview
Absolute pressure sensors are the type of sensors that are exclusively used in critical industrial applications where the cost of failure is very high with major consequences. For instance, in the food and beverage industry, absolute pressure sensors are used to monitor the vacuum packaging process, where food products are to be protected from degradation caused by oxygen. Industrial packing machines, for example, are used to vacuum pack medical supplies in a sterile atmosphere to assure safe and bacterial-free transportation to hospitals, clinics, and pharmacies. These critical sensors also find application in scientific laboratories, testing facilities, the military, and the aerospace industry. With a large presence in the manufacturing and process industry, the Asia-Pacific has emerged as a significant region witnessing high growth in the current market. The absolute pressure sensor market is expected to grow with a CAGR of approximately 5.1% during the forecast period.
Market Driver
Increasing applications in automobiles
Governments in various countries have taken the initiative to regulate safety measures in the automotive industry. Sensors also play their part in checking the pressure level of different vehicle components. Electronic devices are heavily dependent on these sensors to motor pressure components to ensure safety. With technological advancement, the sensors will have added features that will only improve their performance. An absolute pressure sensor monitors the pressure in the chambers and alerts the driver or engine management system when it is insufficiently low to be effective. Such critical applications complimenting the safety of the automobile is driving the market growth.
Market Scope
The "Global Absolute Pressure Sensor Market Analysis to 2031" is an in-depth study centering on the global market trend analysis. The report aims to provide an overview of the absolute pressure sensor market with detailed market segmentation by pressure rating, application, and geography. The report provides key statistics on the market status of the leading absolute pressure sensor market players and offers key trends and opportunities in the market.
Market Segmentation
The global absolute pressure sensor market is segmented based on pressure rating, application, and geography. On the basis of pressure rating, the absolute pressure sensor market is segmented into bar 1, bar 2, bar 3, and bar 4. On the basis of application, the absolute pressure sensor market is segmented into medical appliances, consumer electronics, automotive, and others.
REGIONAL FRAMEWORK
The report provides a detailed industry overview, including qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. Each region's absolute pressure sensor market is segmented into countries and segments. The market report aims to cover the analysis and forecast of 18 countries around the globe, along with the current opportunities and trends in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. After evaluating political, economic, social, and technological factors affecting these regions in the absolute pressure sensor market, the report provides an exhaustive PEST analysis for all five regions, namely North America, South America, Europe, MEA, and APAC.
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MARKET PLAYERS
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The report provides a detailed industry overview, including qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. Each region's absolute pressure sensor market is segmented into countries and segments. The market report aims to cover the analysis and forecast of 18 countries around the globe, along with the current opportunities and trends in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. After evaluating political, economic, social, and technological factors affecting these regions in the absolute pressure sensor market, the report provides an exhaustive PEST analysis for all five regions, namely North America, South America, Europe, MEA, and APAC.
MARKET PLAYERS
The report covers key developments in the absolute pressure sensor market as organic and inorganic growth strategies. A number of companies focus on organic growth strategies such as approvals, product launches, events and patents. Inorganic growth strategies activities witnessed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The absolute pressure sensor market players are anticipated to have lucrative future growth opportunities with the rising global market demand.
The report also includes key companies' profiles, SWOT analysis, and market strategies in the absolute pressure sensor market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information for the last 3 years, and key developments in the past five years. Mentioned below is a list of a few companies in the market.
- ABB Ltd
- Avnet Inc.
- Bosch Sensortec GmbH
- Honeywell International Inc.
- NXP Semiconductor
- Siemens
- Mitsubishi Electric Corporation
- Infineon Technologies Ag
- Kistler Group
- WIKA Alexander Wiegand SE & Co. KG
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1. 1. SCOPE OF THE STUDY
1. 2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1. 3. MARKET SEGMENTATION
1. 3. 1 Absolute Pressure Sensor Market - By Pressure Rating
1. 3. 2 Absolute Pressure Sensor Market - By Application
1. 3. 3 Absolute Pressure Sensor Market - By Region
1. 3. 3. 1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ABSOLUTE PRESSURE SENSOR MARKET LANDSCAPE
4. 1. OVERVIEW
4. 2. PEST ANALYSIS
4. 2. 1 North America - Pest Analysis
4. 2. 2 Europe - Pest Analysis
4. 2. 3 Asia-Pacific - Pest Analysis
4. 2. 4 Middle East and Africa - Pest Analysis
4. 2. 5 South and Central America - Pest Analysis
4. 3. ECOSYSTEM ANALYSIS
4. 4. EXPERT OPINIONS
5. ABSOLUTE PRESSURE SENSOR MARKET - KEY MARKET DYNAMICS
5. 1. KEY MARKET DRIVERS
5. 2. KEY MARKET RESTRAINTS
5. 3. KEY MARKET OPPORTUNITIES
5. 4. FUTURE TRENDS
5. 5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ABSOLUTE PRESSURE SENSOR MARKET - GLOBAL MARKET ANALYSIS
6. 1. ABSOLUTE PRESSURE SENSOR - GLOBAL MARKET OVERVIEW
6. 2. ABSOLUTE PRESSURE SENSOR - GLOBAL MARKET AND FORECAST TO 2028
6. 3. MARKET POSITIONING/MARKET SHARE
7. ABSOLUTE PRESSURE SENSOR MARKET - REVENUE AND FORECASTS TO 2028 - PRESSURE RATING
7. 1. OVERVIEW
7. 2. PRESSURE RATING MARKET FORECASTS AND ANALYSIS
7. 3. BAR 1
7. 3. 1. Overview
7. 3. 2. Bar 1 Market Forecast and Analysis
7. 4. BAR 2
7. 4. 1. Overview
7. 4. 2. Bar 2 Market Forecast and Analysis
7. 5. BAR 3
7. 5. 1. Overview
7. 5. 2. Bar 3 Market Forecast and Analysis
7. 6. BAR 4
7. 6. 1. Overview
7. 6. 2. Bar 4 Market Forecast and Analysis
8. ABSOLUTE PRESSURE SENSOR MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8. 1. OVERVIEW
8. 2. APPLICATION MARKET FORECASTS AND ANALYSIS
8. 3. MEDICAL APPLIANCE
8. 3. 1. Overview
8. 3. 2. Medical Appliance Market Forecast and Analysis
8. 4. CONSUMER ELECTRONICS
8. 4. 1. Overview
8. 4. 2. Consumer Electronics Market Forecast and Analysis
8. 5. AUTOMOTIVE
8. 5. 1. Overview
8. 5. 2. Automotive Market Forecast and Analysis
8. 6. OTHERS
8. 6. 1. Overview
8. 6. 2. Others Market Forecast and Analysis
9. ABSOLUTE PRESSURE SENSOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9. 1. NORTH AMERICA
9. 1. 1 North America Absolute Pressure Sensor Market Overview
9. 1. 2 North America Absolute Pressure Sensor Market Forecasts and Analysis
9. 1. 3 North America Absolute Pressure Sensor Market Forecasts and Analysis - By Pressure Rating
9. 1. 4 North America Absolute Pressure Sensor Market Forecasts and Analysis - By Application
9. 1. 5 North America Absolute Pressure Sensor Market Forecasts and Analysis - By Countries
9. 1. 5. 1 United States Absolute Pressure Sensor Market
9. 1. 5. 1. 1 United States Absolute Pressure Sensor Market by Pressure Rating
9. 1. 5. 1. 2 United States Absolute Pressure Sensor Market by Application
9. 1. 5. 2 Canada Absolute Pressure Sensor Market
9. 1. 5. 2. 1 Canada Absolute Pressure Sensor Market by Pressure Rating
9. 1. 5. 2. 2 Canada Absolute Pressure Sensor Market by Application
9. 1. 5. 3 Mexico Absolute Pressure Sensor Market
9. 1. 5. 3. 1 Mexico Absolute Pressure Sensor Market by Pressure Rating
9. 1. 5. 3. 2 Mexico Absolute Pressure Sensor Market by Application
9. 2. EUROPE
9. 2. 1 Europe Absolute Pressure Sensor Market Overview
9. 2. 2 Europe Absolute Pressure Sensor Market Forecasts and Analysis
9. 2. 3 Europe Absolute Pressure Sensor Market Forecasts and Analysis - By Pressure Rating
9. 2. 4 Europe Absolute Pressure Sensor Market Forecasts and Analysis - By Application
9. 2. 5 Europe Absolute Pressure Sensor Market Forecasts and Analysis - By Countries
9. 2. 5. 1 Germany Absolute Pressure Sensor Market
9. 2. 5. 1. 1 Germany Absolute Pressure Sensor Market by Pressure Rating
9. 2. 5. 1. 2 Germany Absolute Pressure Sensor Market by Application
9. 2. 5. 2 France Absolute Pressure Sensor Market
9. 2. 5. 2. 1 France Absolute Pressure Sensor Market by Pressure Rating
9. 2. 5. 2. 2 France Absolute Pressure Sensor Market by Application
9. 2. 5. 3 Italy Absolute Pressure Sensor Market
9. 2. 5. 3. 1 Italy Absolute Pressure Sensor Market by Pressure Rating
9. 2. 5. 3. 2 Italy Absolute Pressure Sensor Market by Application
9. 2. 5. 4 United Kingdom Absolute Pressure Sensor Market
9. 2. 5. 4. 1 United Kingdom Absolute Pressure Sensor Market by Pressure Rating
9. 2. 5. 4. 2 United Kingdom Absolute Pressure Sensor Market by Application
9. 2. 5. 5 Russia Absolute Pressure Sensor Market
9. 2. 5. 5. 1 Russia Absolute Pressure Sensor Market by Pressure Rating
9. 2. 5. 5. 2 Russia Absolute Pressure Sensor Market by Application
9. 2. 5. 6 Rest of Europe Absolute Pressure Sensor Market
9. 2. 5. 6. 1 Rest of Europe Absolute Pressure Sensor Market by Pressure Rating
9. 2. 5. 6. 2 Rest of Europe Absolute Pressure Sensor Market by Application
9. 3. ASIA-PACIFIC
9. 3. 1 Asia-Pacific Absolute Pressure Sensor Market Overview
9. 3. 2 Asia-Pacific Absolute Pressure Sensor Market Forecasts and Analysis
9. 3. 3 Asia-Pacific Absolute Pressure Sensor Market Forecasts and Analysis - By Pressure Rating
9. 3. 4 Asia-Pacific Absolute Pressure Sensor Market Forecasts and Analysis - By Application
9. 3. 5 Asia-Pacific Absolute Pressure Sensor Market Forecasts and Analysis - By Countries
9. 3. 5. 1 Australia Absolute Pressure Sensor Market
9. 3. 5. 1. 1 Australia Absolute Pressure Sensor Market by Pressure Rating
9. 3. 5. 1. 2 Australia Absolute Pressure Sensor Market by Application
9. 3. 5. 2 China Absolute Pressure Sensor Market
9. 3. 5. 2. 1 China Absolute Pressure Sensor Market by Pressure Rating
9. 3. 5. 2. 2 China Absolute Pressure Sensor Market by Application
9. 3. 5. 3 India Absolute Pressure Sensor Market
9. 3. 5. 3. 1 India Absolute Pressure Sensor Market by Pressure Rating
9. 3. 5. 3. 2 India Absolute Pressure Sensor Market by Application
9. 3. 5. 4 Japan Absolute Pressure Sensor Market
9. 3. 5. 4. 1 Japan Absolute Pressure Sensor Market by Pressure Rating
9. 3. 5. 4. 2 Japan Absolute Pressure Sensor Market by Application
9. 3. 5. 5 South Korea Absolute Pressure Sensor Market
9. 3. 5. 5. 1 South Korea Absolute Pressure Sensor Market by Pressure Rating
9. 3. 5. 5. 2 South Korea Absolute Pressure Sensor Market by Application
9. 3. 5. 6 Rest of Asia-Pacific Absolute Pressure Sensor Market
9. 3. 5. 6. 1 Rest of Asia-Pacific Absolute Pressure Sensor Market by Pressure Rating
9. 3. 5. 6. 2 Rest of Asia-Pacific Absolute Pressure Sensor Market by Application
9. 4. MIDDLE EAST AND AFRICA
9. 4. 1 Middle East and Africa Absolute Pressure Sensor Market Overview
9. 4. 2 Middle East and Africa Absolute Pressure Sensor Market Forecasts and Analysis
9. 4. 3 Middle East and Africa Absolute Pressure Sensor Market Forecasts and Analysis - By Pressure Rating
9. 4. 4 Middle East and Africa Absolute Pressure Sensor Market Forecasts and Analysis - By Application
9. 4. 5 Middle East and Africa Absolute Pressure Sensor Market Forecasts and Analysis - By Countries
9. 4. 5. 1 South Africa Absolute Pressure Sensor Market
9. 4. 5. 1. 1 South Africa Absolute Pressure Sensor Market by Pressure Rating
9. 4. 5. 1. 2 South Africa Absolute Pressure Sensor Market by Application
9. 4. 5. 2 Saudi Arabia Absolute Pressure Sensor Market
9. 4. 5. 2. 1 Saudi Arabia Absolute Pressure Sensor Market by Pressure Rating
9. 4. 5. 2. 2 Saudi Arabia Absolute Pressure Sensor Market by Application
9. 4. 5. 3 U. A. E Absolute Pressure Sensor Market
9. 4. 5. 3. 1 U. A. E Absolute Pressure Sensor Market by Pressure Rating
9. 4. 5. 3. 2 U. A. E Absolute Pressure Sensor Market by Application
9. 4. 5. 4 Rest of Middle East and Africa Absolute Pressure Sensor Market
9. 4. 5. 4. 1 Rest of Middle East and Africa Absolute Pressure Sensor Market by Pressure Rating
9. 4. 5. 4. 2 Rest of Middle East and Africa Absolute Pressure Sensor Market by Application
9. 5. SOUTH AND CENTRAL AMERICA
9. 5. 1 South and Central America Absolute Pressure Sensor Market Overview
9. 5. 2 South and Central America Absolute Pressure Sensor Market Forecasts and Analysis
9. 5. 3 South and Central America Absolute Pressure Sensor Market Forecasts and Analysis - By Pressure Rating
9. 5. 4 South and Central America Absolute Pressure Sensor Market Forecasts and Analysis - By Application
9. 5. 5 South and Central America Absolute Pressure Sensor Market Forecasts and Analysis - By Countries
9. 5. 5. 1 Brazil Absolute Pressure Sensor Market
9. 5. 5. 1. 1 Brazil Absolute Pressure Sensor Market by Pressure Rating
9. 5. 5. 1. 2 Brazil Absolute Pressure Sensor Market by Application
9. 5. 5. 2 Argentina Absolute Pressure Sensor Market
9. 5. 5. 2. 1 Argentina Absolute Pressure Sensor Market by Pressure Rating
9. 5. 5. 2. 2 Argentina Absolute Pressure Sensor Market by Application
9. 5. 5. 3 Rest of South and Central America Absolute Pressure Sensor Market
9. 5. 5. 3. 1 Rest of South and Central America Absolute Pressure Sensor Market by Pressure Rating
9. 5. 5. 3. 2 Rest of South and Central America Absolute Pressure Sensor Market by Application
10. INDUSTRY LANDSCAPE
10. 1. MERGERS AND ACQUISITIONS
10. 2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10. 3. NEW PRODUCT LAUNCHES
10. 4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ABSOLUTE PRESSURE SENSOR MARKET, KEY COMPANY PROFILES
11. 1. AVNET, INC.
11. 1. 1. Key Facts
11. 1. 2. Business Description
11. 1. 3. Products and Services
11. 1. 4. Financial Overview
11. 1. 5. SWOT Analysis
11. 1. 6. Key Developments
11. 2. CONTINENTAL AG
11. 2. 1. Key Facts
11. 2. 2. Business Description
11. 2. 3. Products and Services
11. 2. 4. Financial Overview
11. 2. 5. SWOT Analysis
11. 2. 6. Key Developments
11. 3. DENSO CORPORATION
11. 3. 1. Key Facts
11. 3. 2. Business Description
11. 3. 3. Products and Services
11. 3. 4. Financial Overview
11. 3. 5. SWOT Analysis
11. 3. 6. Key Developments
11. 4. HONEYWELL INTERNATIONAL INC.
11. 4. 1. Key Facts
11. 4. 2. Business Description
11. 4. 3. Products and Services
11. 4. 4. Financial Overview
11. 4. 5. SWOT Analysis
11. 4. 6. Key Developments
11. 5. INFINEON TECHNOLOGIES AG
11. 5. 1. Key Facts
11. 5. 2. Business Description
11. 5. 3. Products and Services
11. 5. 4. Financial Overview
11. 5. 5. SWOT Analysis
11. 5. 6. Key Developments
11. 6. KISTLER GROUP
11. 6. 1. Key Facts
11. 6. 2. Business Description
11. 6. 3. Products and Services
11. 6. 4. Financial Overview
11. 6. 5. SWOT Analysis
11. 6. 6. Key Developments
11. 7. MITSUBISHI ELECTRIC CORPORATION
11. 7. 1. Key Facts
11. 7. 2. Business Description
11. 7. 3. Products and Services
11. 7. 4. Financial Overview
11. 7. 5. SWOT Analysis
11. 7. 6. Key Developments
11. 8. NXP SEMICONDUCTORS
11. 8. 1. Key Facts
11. 8. 2. Business Description
11. 8. 3. Products and Services
11. 8. 4. Financial Overview
11. 8. 5. SWOT Analysis
11. 8. 6. Key Developments
11. 9. ROBERT BOSCH
11. 9. 1. Key Facts
11. 9. 2. Business Description
11. 9. 3. Products and Services
11. 9. 4. Financial Overview
11. 9. 5. SWOT Analysis
11. 9. 6. Key Developments
11. 10. SETRA SYSTEMS
11. 10. 1. Key Facts
11. 10. 2. Business Description
11. 10. 3. Products and Services
11. 10. 4. Financial Overview
11. 10. 5. SWOT Analysis
11. 10. 6. Key Developments
12. APPENDIX
12. 1. ABOUT THE INSIGHT PARTNERS
12. 2. GLOSSARY OF TERMS
The List of Companies
- Avnet, Inc.
- Continental AG
- DENSO CORPORATION
- Honeywell International Inc.
- Infineon Technologies AG
- Kistler Group
- Mitsubishi Electric Corporation
- NXP Semiconductors
- Robert Bosch
- Setra Systems
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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