Additive Manufacturing Market Size, Share, and Growth by 2031
Coverage: Additive Manufacturing Market covers analysis By Material (Plastic, Metal, Ceramics, and Others), Technology [Selective Laser Sintering (SLS), Stereolithography (SLA), Fused Deposition Modeling (FDM), and Others], and End User (Automotive, Aerospace, Healthcare, Industrial Manufacturing, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)
- Report Date : Sep 2025
- Report Code : TIPTE100001350
- Category : Chemicals and Materials
- Status : Upcoming
- Available Report Formats :
- No. of Pages : 137
The Additive Manufacturing Market is expected to register a CAGR of 16.00% from 2025 to 2031, with a market size expanding from US$ 13.97 Billion in 2024 to US$ 39.49 Billion by 2031.
The report is categorized by Material (Plastic, Metal, Ceramics) and further analyzes the market based on Technology (Selective Laser Sintering, Stereolithography, Fused Deposition Modeling). It also examines the market by End User (Automotive, Aerospace, Healthcare, Industrial Manufacturing) . A comprehensive breakdown is provided at global, regional, and country levels for each of these key segments.
The report includes market size and forecasts across all segments, presenting values in USD. It also delivers key statistics on the current market status of leading players, along with insights into prevailing market trends and emerging opportunities.
The report Additive Manufacturing Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Additive Manufacturing Market Segmentation
Material- Plastic
- Metal
- Ceramics
- Selective Laser Sintering
- Stereolithography
- Fused Deposition Modeling
- Automotive
- Aerospace
- Healthcare
- Industrial Manufacturing
Strategic Insights
Additive Manufacturing Market Growth Drivers- Unlocking Innovation: Additive Manufacturing Fuels Industry Growth
- Sustainable Solutions: How 3D Printing Redefines Production
- Empowering Creativity: Additive Manufacturing Inspires New Designs
- Unlocking Potential: Additive Manufacturing's Growth Surge!
- Innovate and Thrive: Market Opportunities in 3D Printing
- Transforming Industries: The Future of Additive Manufacturing Awaits!
- Additive Manufacturing: Revolutionizing Customization in 2024
- Sustainable Materials Drive Growth in Additive Manufacturing
- 3D Printing: Bridging the Gap Between Design and Production
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Additive Manufacturing Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Additive Manufacturing Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material, Technology, and End User
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
2. key takeaways
3. Additive manufacturing Market Landscape
3.1.1 Global Additive Manufacturing Market – By Material
3.1.2 Global Additive Manufacturing Market – By Technology
3.1.3 Global Additive Manufacturing Market – By End User
3.1.4 Global Additive Manufacturing Market – By Geography
3.2 pest analysis
3.2.1 North America – PEST Analysis
3.2.2 Europe – PEST Analysis
3.2.3 Asia Pacific – PEST Analysis
3.2.4 Middle East and Africa – PEST Analysis
3.2.5 South America – PEST Analysis
4. Key Industry Dynamics
4.1 key market drivers
4.1.1 Burgeoning Need for Automation and Cost-Effective Technology
4.1.2 Ease of designing complex products and parts designs further garner interests towards additive manufacturing adoptions
4.1.3 Value added benefits achieved with additive manufacturing
4.2 Key market restraints
4.2.1 Lack of awareness concerns around the usage of additive manufacturing processes
4.3 key market opportunities
4.3.1 Swift growth of manufacturing industry
4.4 Future trends
4.4.1 Emergence of factory automation
4.4.2 Emerging Cloud based technologies
4.5 impact analysis of Drivers and restraints
5. Additive manufacturing Market – Global
5.1 Global Additive Manufacturing market Overview
5.2 Global Additive Manufacturing market Forecast and Analysis
6. Global Additive manufacturing Market Analysis – By material
6.1 Overview
6.2 Additive Manufacturing Market Breakdown, By Material, 2018 & 2027
6.3 Plastic
6.3.1 Overview
6.3.2 Plastic Market Revenue and Forecasts to 2027 (US$ Mn)
6.4 Metal
6.4.1 Overview
6.4.2 Metal Market Revenue and Forecasts to 2027 (US$ Mn)
6.5 Ceramics
6.5.1 Overview
6.5.2 Ceramics Market Revenue and Forecasts to 2027 (US$ Mn)
6.6 Others
6.6.1 Overview
6.6.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)
7. Additive manufacturingmarket revenue and forecast to 2027 – technology
7.1 Overview
7.2 Global Additive manufacturing market Breakdown, By technology, 2018 & 2027
7.3 selective laser sintering (SLS) market
7.3.1 Overview
7.3.2 Selective Laser Sintering Market Forecast and Analysis
7.4 Stereo lithography (SLA) market
7.4.1 SLA Market Forecast and Analysis
7.5 Fused deposition modeling (FDM) market
7.5.1 FDM Market Forecast and Analysis
7.6 Others (DMLS, LMD, multi-jet modelling) market
7.6.1 Others Market Forecast and Analysis
8. Additive manufacturingmarket revenue and forecast to 2027 – end user
8.1 Overview
8.2 Global Additive manufacturing market Breakdown, By end user, 2018 & 2027
8.3 automotive market
8.3.1 Overview
8.3.2 Automotive Market Forecast and Analysis
8.4 Aerospace market
8.4.1 Aerospace Market Forecast and Analysis
8.5 Healthcare market
8.5.1 Healthcare Market Forecast and Analysis
8.6 Industrial Manufacturing market
8.6.1 Industrial Manufacturing Market Forecast and Analysis
8.7 Others
8.7.1 Others Manufacturing Market Forecast and Analysis
9. Global Additive manufacturing Market – Geographical Analysis
9.1 Overview
9.2 North America Additive Manufacturing Market Revenue and Forecasts to 2027
9.2.1 Overview
9.2.2 North America Additive Manufacturing Market Breakdown, by Key Countries
9.2.2.1 U.S. Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
9.2.2.2 Canada Additive Manufacturing Market Revenue and Forecast to 2027 (US$ Mn)
9.2.2.3 Mexico Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
9.2.3 North America Additive Manufacturing Market Breakdown, by Material
9.2.4 North America Additive Manufacturing Market Breakdown, by Technology
9.2.5 North America Additive Manufacturing Market Breakdown, by End User
9.3 Europe Additive Manufacturing Market Revenue and Forecasts to 2027
9.3.1 Overview
9.3.2 Europe Additive Manufacturing Market Breakdown by Key Countries
9.3.2.1 France Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
9.3.2.2 Germany Additive Manufacturing Market Revenue and Forecast to 2027 (US$ Mn)
9.3.2.3 Italy Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
9.3.2.4 Spain Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
9.3.2.5 UK Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
9.3.2.6 Rest of Europe Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
9.3.3 Europe Additive Manufacturing Market Breakdown by Material
9.3.4 Europe Additive Manufacturing Market Breakdown by Technology
9.3.5 Europe Additive Manufacturing Market Breakdown by End User
9.4 APAC Additive Manufacturing Market Revenue and Forecasts to 2027
9.4.1 Overview
9.4.2 APAC Additive Manufacturing Market Breakdown by Key Countries
9.4.2.1 Australia Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.2.2 China Additive Manufacturing Market Revenue and Forecast to 2027 (US$ Mn)
9.4.2.3 India Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.2.4 Japan Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.2.5 Rest of APAC Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.3 APAC Additive Manufacturing Market Breakdown by Material
9.4.4 APAC Additive Manufacturing Market Breakdown by Technology
9.4.5 APAC Additive Manufacturing Market Breakdown by End User
9.5 Middle East & Africa (MEA) Additive Manufacturing Market Revenue and Forecasts to 2027
9.5.1 Overview
9.5.2 MEA Additive Manufacturing Market Breakdown by Key Countries
9.5.2.1 Saudi Arabia Additive Manufacturing Market Revenue and Forecast to 2027 (US$ Mn)
9.5.2.2 UAE Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
9.5.2.3 South Africa Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
9.5.2.4 Rest of MEA Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
9.5.3 MEA Additive Manufacturing Market Breakdown by Material
9.5.4 MEA Additive Manufacturing Market Breakdown by Technology
9.5.5 MEA Additive Manufacturing Market Breakdown by End User
9.6 SAM Additive Manufacturing Market Revenue and Forecasts to 2027
9.6.1 Overview
9.6.2 SAM Additive Manufacturing Market Breakdown by Key Countries
9.6.2.1 Brazil Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
9.6.2.2 Rest of SAM Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
9.6.3 SAM Additive Manufacturing Market Breakdown by Material
9.6.4 SAM Additive Manufacturing Market Breakdown by Technology
9.6.5 SAM Additive Manufacturing Market Breakdown by End User
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
11. Competitive Landscape
11.1 Competitive Product Mapping
11.2 Market Positioning – Global Top 5 Players Ranking
12. Company profiles
12.1 3D Hubs B.V.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 3D Systems, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 3T RPD, LTD.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 Arcam AB
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 ENVISIONTEC, INC.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 EOS GmbH
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 GPI Prototype and Manufacturing Services
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 ProtoCAM
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 Sciaky, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments
12.10 Stratasys Ltd.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
13.3 Methodology
13.3.1 Coverage
13.3.2 Secondary Research
13.3.3 Primary Research
list of tables
TABLE 1. Global Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
TABLE 2. North America Additive Manufacturing Market Revenue and Forecasts to 2027 – By material (US$ Mn)
TABLE 3. North America Additive Manufacturing Market Revenue and Forecasts to 2027 – By Technology (US$ Mn)
TABLE 4. North America Additive Manufacturing Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
TABLE 5. Europe Additive Manufacturing Market Revenue and Forecasts to 2027– By Material (US$ Mn)
TABLE 6. Europe Additive Manufacturing Market Revenue and Forecasts to 2027 – By Technology (US$ Mn)
TABLE 7. Europe Additive Manufacturing Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
TABLE 8. APAC Additive Manufacturing Market Revenue and Forecasts to 2027 – By Material (US$ Mn)
TABLE 9. APAC Additive Manufacturing Market Revenue and Forecasts to 2027 – By Technology (US$ Mn)
TABLE 10. APAC Additive Manufacturing Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
TABLE 11. mea Additive Manufacturing Market Revenue and Forecasts to 2027 – By Material (US$ Mn)
TABLE 12. MEA Additive Manufacturing Market Revenue and Forecasts to 2027 – By Technology (US$ Mn)
TABLE 13. mea Additive Manufacturing Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
TABLE 14. SAM Additive Manufacturing Market Revenue and Forecasts to 2027 – By Material (US$ Mn)
TABLE 15. SAM Additive Manufacturing Market Revenue and Forecasts to 2027 – By Technology (US$ Mn)
TABLE 16. SAM Additive Manufacturing Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
TABLE 17. Glossary of Term: Additive manufacturing Market
list of figures
FIGURE 1. Asia Pacific additive manufacturing industrial manufacturing Market, Revenue (US$ Mn), 2018 & 2027
FIGURE 2. Global Fused Deposition Modelling Technology, Additive Manufacturing Market, Revenue (in US$ Mn), 2018 & 2027
FIGURE 3. Additive manufacturing market segmentation
FIGURE 4. Additive manufacturing market segmentation - geographic
FIGURE 5. north america – pest analysis
FIGURE 6. europe – pest analysis
FIGURE 7. asia pacific – pest analysis
FIGURE 8. middle east and africa – pest analysis
FIGURE 9. SOUTH AMERICA – pest analysis
FIGURE 10. Additive Manufacturing Market Impact Analysis of Driver and Restraints
FIGURE 11. Global Additive Manufacturing market
FIGURE 12. Global Additive Manufacturing market Forecast and Analysis
FIGURE 13. Additive Manufacturing Market Breakdown, By Material, 2018 & 2027 (%)
FIGURE 14. Global Plastic market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 15. Global Metal Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 16. Global Ceramics Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 17. Global Others Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 18. Global Additive manufacturing market Breakdown, By technology, 2018 & 2027 (%)
FIGURE 19. Global sls Market Revenue and Forecast to 2027 (US$ Mn)
FIGURE 20. Global SLA Market Revenue and Forecast to 2027 (US$ Mn)
FIGURE 21. Global FDM Market Revenue and Forecast to 2027 (US$ Mn)
FIGURE 22. Global Others Market Revenue and Forecast to 2027 (US$ Mn)
FIGURE 23. Global Additive manufacturing market Breakdown, By technology, 2018 & 2027 (%)
FIGURE 24. Global automotive Market Revenue and Forecast to 2027 (US$ Mn)
FIGURE 25. Global aerospace Market Revenue and Forecast to 2027 (US$ Mn)
FIGURE 26. Global healthcare Market Revenue and Forecast to 2027 (US$ Mn)
FIGURE 27. Global industrial manufacturing Market Revenue and Forecast to 2027 (US$ Mn)
FIGURE 28. Global others Market Revenue and Forecast to 2027 (US$ Mn)
FIGURE 29. Additive manufacturing Market, Global Breakdown by Regions, 2017 & 2027 (%)
FIGURE 30. North America Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 31. North America Additive Manufacturing Market Breakdown, by Key Countries, 2018 & 2027 (%)
FIGURE 32. U.S. Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 33. Canada Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 34. Mexico Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 35. North America Additive Manufacturing Market Breakdown, by material, 2018 & 2027 (%)
FIGURE 36. North America Additive Manufacturing Market Breakdown, by Technology, 2018 & 2027 (%)
FIGURE 37. North America Additive Manufacturing Market Breakdown, by End User, 2018 & 2027 (%)
FIGURE 38. Europe Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 39. Europe Additive Manufacturing Market Breakdown by Key Countries, 2018 & 2027(%)
FIGURE 40. France Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 41. germany Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 42. Italy Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 43. Spain Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 44. UK Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 45. Rest of Europe Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 46. Europe Additive Manufacturing Market Breakdown by Material, 2018 & 2027 (%)
FIGURE 47. europe Additive Manufacturing Market Breakdown by Technology, 2018 & 2027 (%)
FIGURE 48. Europe Additive Manufacturing Market Breakdown by End User, 2018 & 2027 (%)
FIGURE 49. APAC Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 50. APAC Additive Manufacturing Market Breakdown by Key Countries, 2018 & 2027(%)
FIGURE 51. AUSTRALIA Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 52. china Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 53. india Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 54. Japan Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 55. Rest of APAC Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 56. APAC Additive Manufacturing Market Breakdown by Material, 2018 & 2027 (%)
FIGURE 57. APAC Additive Manufacturing Market Breakdown byaaplication, 2018 & 2027 (%)
FIGURE 58. APAC Additive Manufacturing Market Breakdown by End User, 2018 & 2027 (%)
FIGURE 59. MEA Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 60. MEA Additive Manufacturing Market Breakdown by Key Countries, 2018 & 2027(%)
FIGURE 61. saudi arabia Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 62. UAE Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 63. south africa Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 64. Rest of MEA Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 65. MEA Additive Manufacturing Market Breakdown by Material, 2018 & 2027 (%)
FIGURE 66. MEA Additive Manufacturing Market Breakdown by Technology, 2018 & 2027 (%)
FIGURE 67. MEA Additive Manufacturing Market Breakdown by End User, 2018 & 2027 (%)
FIGURE 68. SAM Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 69. SAM Additive Manufacturing Market Breakdown by Key Countries, 2018 & 2027 (%)
FIGURE 70. brazil Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 71. Rest of SAM Additive Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 72. SAM Additive Manufacturing Market Breakdown by Material, 2018 & 2027 (%)
FIGURE 73. SAM Additive Manufacturing Market Breakdown by Technology, 2018 & 2027 (%)
FIGURE 74. SAM Additive Manufacturing Market Breakdown by End User, 2018 & 2027 (%)
FIGURE 75. additive manufacturing Market, Industry Landscape (2015-2018) %
The List of Companies - Additive Manufacturing Market
- 3D Systems, Inc.
- Stratasys Ltd.
- 3T RPD, LTD.
- Arcam AB
- EOS GmbH
- 3D Hubs B.V.
- ENVISIONTEC, INC.
- ProtoCAM
- Sciaky, Inc.
- GPI Prototype and Manufacturing Services
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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