The Agricultural Biotechnology Market is expected to register a CAGR of 8.7% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Application (Vaccine Development, Transgenic Crops and Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, Biofuels); and Organism Type (Plants, Animals, Microbes). The global analysis is further broken down at the regional level and major countries. The report offers the value in US$ for the above analysis and segments.
Purpose of the ReportThe report Agricultural Biotechnology 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.
Agricultural Biotechnology Market Segmentation
Application- Vaccine Development
- Transgenic Crops and Animals
- Antibiotic Development
- Nutritional Supplements
- Flower Culturing
- Biofuels
- Plants
- Animals
- Microbes
Strategic Insights
Agricultural Biotechnology Market Growth Drivers- Increasing Demand for Crop Yields and Food Security: The Agricultural Biotechnology Market's expansion comes from people needing more crops to feed themselves and their families because of population growth and food shortages. According to projections the world will have 9.7 billion people in 2050 who need more than 70% more food production than today. The growing food demand needs solutions that help plants produce more and use resources better to bring more food to people. Biotechnology experts use genetic modification and bioengineering techniques to create better crops that solve farming problems. Biotechnology makes crops produce more with less use of resources by boosting crop output and developing plants that fight pests and survive droughts which improves food availability worldwide. Biotechnology helps crops survive changing climate conditions better as global temperatures and rainfall patterns shift faster during climate change. The market for agricultural biotechnology grows because farmers widely use genetically modified maize, Bt cotton, and drought-tolerant soybeans. As companies in agricultural biotech continue to develop solutions against climate change their market share will keep growing because farmers need better-performing crops.
- Technological Advancements in Biotechnology: The Agricultural Biotechnology Market grows because of recent technological discoveries in biotechnology. Modern biotechnology methods help farmers grow GM crops with built-in disease defense systems better nutrition plus stronger resistance to natural threats. CRISPR technology and other gene-editing tools now help scientists develop crops faster with better results at lower costs. Scientists can develop improved plants with specific traits using domestic genes so approval happens faster. The future development of these technologies will produce better ways to farm that save resources and produce more harvests. Through precision farming and biotechnology tools farmers now use resources better and create less waste to grow their business. Biotechnology systems now work better when they combine with digital agriculture tools like drones and sensors plus data analysis. The market will grow larger and companies that create advanced biotechnology solutions will claim more market control as these technologies become more advanced. Technological developments act as a major force that keeps agricultural biotechnology growing.
- Government Support and Regulatory Approvals: Government backing plus regulatory support help the Agricultural Biotechnology Market grow stronger. Governments worldwide support agricultural biotechnology because it helps produce more food while protecting our environment. Governments of the United States, China, and India support biotechnology to help farmers produce more food despite climate change and higher demand. Experts predict that agricultural biotechnology adoption will keep growing because governments will support it through research money, subsidies, and clear rules for developing GM crops. The rules that check GM crops help people trust and accept these products because they show that they are safe and work effectively. Regulatory authorities like the USDA in the US and EFSA in Europe make new rules to let people use and approve GM crops. The market size of agricultural biotechnology grows while more companies succeed with their genetically modified crop products. When governments across nations back agricultural biotech innovations this creates better conditions for companies to launch their products which helps the sector expand and gain more users worldwide.
- Expansion of CRISPR and Gene Editing Technologies: The Agricultural Biotechnology Market changes through CRISPR technology expansion and other gene editing developments. Through CRISPR gene-editing technology scientists now make precise genetic changes in crops to develop plants that resist diseases better provide more nutrition and survive harsh conditions. Traditional genetic methods require foreign genes to modify DNA while CRISPR edits directly at the DNA level which speeds up and simplifies approval processes. The future of agriculture depends on CRISPR technology which experts predict will help growers produce more crops with better nutrition while stopping food from spoiling. The agricultural biotechnology market will expand as CRISPR technology develops further. CRISPR-based crop modifications at lower costs will help more farmers choose biotech crops which will make companies producing these products more successful. The rising demand for sustainable farming will make farmers adopt gene-edited crops because these plants need fewer resources while they resist climate change. The agricultural biotechnology market will grow faster because scientists now make better targeted genetic changes.
- Focus on Sustainable Agriculture and Environmental Impact: Governments and consumers prioritize sustainable agriculture to drive Agricultural Biotechnology Market growth. The biotechnology industry develops crops that produce more but also need fewer resources like pesticides and water to create sustainable farming systems. Predictions indicate that sustainable farming solutions from agricultural biotechnology will develop to meet rising global demands for eco-friendly and resource-efficient farming methods. Biotech crops that help farmers work with less water and reduce chemical inputs will become more common in the future. Digital farming methods with precision agriculture and biotechnology tools help farmers better control their resources and protect the environment from harm. The market size for biotech solutions that support sustainability will grow while companies that focus on these solutions will gain more market share. The agricultural biotechnology sector will maintain steady growth because it matches environmental and social requirements better.
- Growth in Digital Agriculture and Precision Farming: Digital technologies join agricultural practices to form precision farming which drives market growth in Agricultural Biotechnology. Agricultural biotechnologies work better when precision farming combines GPS, sensors, drones, and big data tools to run farming operations. When farmers connect digital agriculture to biotechnology they can watch their crops better plus check soil and resource use which makes their fields grow more food and shields resources from being wasted. Research shows precision farming will grow faster in the next years because farmers need new ways to produce more output with less harm to nature. The field of biotechnology helps scientists create crops that thrive under specific farm conditions and management styles. Digital tools connect with these crops to build better and greener farming technologies. Agricultural biotechnology solutions will grow in market demand since farmers want more precise farming tools. As digital agriculture-integrated biotechnology solutions grow popular worldwide their companies will capture larger market shares. The agricultural biotechnology industry will keep expanding because of this market development.
- Development of Bio-based Crop Protection Solutions: The Agricultural Biotechnology Market sees strong growth potential from eco-friendly farming methods that use bio-based crop protection solutions. Farmers use biotechnological solutions like biopesticides biofungicides and natural pest-resistant crops because chemical pesticides create environmental and health problems. Scientists use natural bacteria, fungi, and viruses to create environmentally friendly alternatives for crop protection. Experts expect people will buy more bio-based crop protection items because safety standards strengthen and buyers want products that protect their health. Bio-based crop protection product sales will grow because people and organizations prioritize health and environmental protection. Specialized bio-based crop protection companies will capture more market share because farmers need products free of chemicals in their agricultural production. New biopesticides technology will perform better than traditional chemicals so farmers can switch to these safer options. The agricultural biotechnology sector will expand through innovations because farmers now favor sustainable crop protection methods.
- Increasing Adoption of Biofuels: The increased need for renewable energy opens new development chances for the Agricultural Biotechnology Market to produce biofuels. Scientists modify corn sugarcane and oilseed plants to make them produce better biofuels. The world will use more bioethanol and biodiesel because these renewable energy sources match fossil fuel needs better. World governments plan to expand renewable energy use while reducing traditional fuel use which will boost the need for biofuel crops according to available predictions. Through agricultural biotechnology, scientists create crops that produce more biofuel with less resources and better output. The market value of biofuels from biotech crops will expand greatly because more people are using biofuels for energy. Businesses that create biofuel crops will get more market share because people want renewable energy now and in the future. The market holds strong growth prospects that support agricultural biotechnology and match global sustainability targets.
- Development of Nutrient-Enriched Crops: Agricultural Biotechnology Market growth opportunities lie in developing crops that contain more nutrients. Biotechnology experts use their technology to create crops that contain additional nutrients for people who lack proper nutrition in developing nations. Biofortified crops will attract more customers who want food products packed with nutrients according to market estimates. Genetic scientists use biotechnology to develop golden rice which adds Vitamin A and genetically modified maize which produces more protein in basic food plants. As governments, agriculture firms, and NGOs invest more in biotech research to fight global malnutrition the market for nutrient-enriched crops will expand. Companies that build nutrient-enriched biotech crops will take control of more market space as their answers become mainstays for fighting worldwide nutritional deficiencies. The agricultural biotechnology market will keep growing through new product development because it helps people stay healthy and eat better.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Agricultural Biotechnology 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 Agricultural Biotechnology 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.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
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to segments covered.

Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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Frequently Asked Questions
The Agricultural Biotechnology Market is estimated to witness a CAGR of 8.7% from 2025 to 2031
The major factors driving the Agricultural Biotechnology Market are Increasing Demand for Crop Yields and Food Security, Technological Advancements in Biotechnology, and Government Support and Regulatory Approvals.
Future trends in the Agricultural Biotechnology Market are Expansion of CRISPR and Gene Editing Technologies, Focus on Sustainable Agriculture and Environmental Impact, and Growth in Digital Agriculture and Precision Farming.
Some of the players operating in the market are ADAMA Ltd, ChemChina, Corteva, Evogene Ltd., KWS SAAT SE & Co. KGaA, Limagrain, Marrone Bio Innovations, MITSUI & CO., LTD, Nufarm, and Performance Plants Inc.
The report can be delivered in PDF/PPT format; we can also share an excel datasheet based on the request.
Some customization options available based on the request are an additional 3–5 company profiles and a country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Agricultural Biotechnology Market - By Application
1.3.2 Agricultural Biotechnology Market - By Organism Type
1.3.3 Agricultural Biotechnology Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AGRICULTURAL BIOTECHNOLOGY 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. EXPERT OPINIONS
5. AGRICULTURAL BIOTECHNOLOGY 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. AGRICULTURAL BIOTECHNOLOGY MARKET - GLOBAL MARKET ANALYSIS
6.1. AGRICULTURAL BIOTECHNOLOGY - GLOBAL MARKET OVERVIEW
6.2. AGRICULTURAL BIOTECHNOLOGY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AGRICULTURAL BIOTECHNOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. VACCINE DEVELOPMENT
7.3.1. Overview
7.3.2. Vaccine Development Market Forecast and Analysis
7.4. TRANSGENIC CROPS AND ANIMALS
7.4.1. Overview
7.4.2. Transgenic Crops and Animals Market Forecast and Analysis
7.5. ANTIBIOTIC DEVELOPMENT
7.5.1. Overview
7.5.2. Antibiotic Development Market Forecast and Analysis
7.6. NUTRITIONAL SUPPLEMENTS
7.6.1. Overview
7.6.2. Nutritional Supplements Market Forecast and Analysis
7.7. FLOWER CULTURING
7.7.1. Overview
7.7.2. Flower Culturing Market Forecast and Analysis
7.8. BIOFUELS
7.8.1. Overview
7.8.2. Biofuels Market Forecast and Analysis
8. AGRICULTURAL BIOTECHNOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - ORGANISM TYPE
8.1. OVERVIEW
8.2. ORGANISM TYPE MARKET FORECASTS AND ANALYSIS
8.3. PLANTS
8.3.1. Overview
8.3.2. Plants Market Forecast and Analysis
8.4. ANIMALS
8.4.1. Overview
8.4.2. Animals Market Forecast and Analysis
8.5. MICROBES
8.5.1. Overview
8.5.2. Microbes Market Forecast and Analysis
9. AGRICULTURAL BIOTECHNOLOGY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Agricultural Biotechnology Market Overview
9.1.2 North America Agricultural Biotechnology Market Forecasts and Analysis
9.1.3 North America Agricultural Biotechnology Market Forecasts and Analysis - By Application
9.1.4 North America Agricultural Biotechnology Market Forecasts and Analysis - By Organism Type
9.1.5 North America Agricultural Biotechnology Market Forecasts and Analysis - By Countries
9.1.5.1 United States Agricultural Biotechnology Market
9.1.5.1.1 United States Agricultural Biotechnology Market by Application
9.1.5.1.2 United States Agricultural Biotechnology Market by Organism Type
9.1.5.2 Canada Agricultural Biotechnology Market
9.1.5.2.1 Canada Agricultural Biotechnology Market by Application
9.1.5.2.2 Canada Agricultural Biotechnology Market by Organism Type
9.1.5.3 Mexico Agricultural Biotechnology Market
9.1.5.3.1 Mexico Agricultural Biotechnology Market by Application
9.1.5.3.2 Mexico Agricultural Biotechnology Market by Organism Type
9.2. EUROPE
9.2.1 Europe Agricultural Biotechnology Market Overview
9.2.2 Europe Agricultural Biotechnology Market Forecasts and Analysis
9.2.3 Europe Agricultural Biotechnology Market Forecasts and Analysis - By Application
9.2.4 Europe Agricultural Biotechnology Market Forecasts and Analysis - By Organism Type
9.2.5 Europe Agricultural Biotechnology Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Agricultural Biotechnology Market
9.2.5.1.1 Germany Agricultural Biotechnology Market by Application
9.2.5.1.2 Germany Agricultural Biotechnology Market by Organism Type
9.2.5.2 France Agricultural Biotechnology Market
9.2.5.2.1 France Agricultural Biotechnology Market by Application
9.2.5.2.2 France Agricultural Biotechnology Market by Organism Type
9.2.5.3 Italy Agricultural Biotechnology Market
9.2.5.3.1 Italy Agricultural Biotechnology Market by Application
9.2.5.3.2 Italy Agricultural Biotechnology Market by Organism Type
9.2.5.4 Spain Agricultural Biotechnology Market
9.2.5.4.1 Spain Agricultural Biotechnology Market by Application
9.2.5.4.2 Spain Agricultural Biotechnology Market by Organism Type
9.2.5.5 United Kingdom Agricultural Biotechnology Market
9.2.5.5.1 United Kingdom Agricultural Biotechnology Market by Application
9.2.5.5.2 United Kingdom Agricultural Biotechnology Market by Organism Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Agricultural Biotechnology Market Overview
9.3.2 Asia-Pacific Agricultural Biotechnology Market Forecasts and Analysis
9.3.3 Asia-Pacific Agricultural Biotechnology Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Agricultural Biotechnology Market Forecasts and Analysis - By Organism Type
9.3.5 Asia-Pacific Agricultural Biotechnology Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Agricultural Biotechnology Market
9.3.5.1.1 Australia Agricultural Biotechnology Market by Application
9.3.5.1.2 Australia Agricultural Biotechnology Market by Organism Type
9.3.5.2 China Agricultural Biotechnology Market
9.3.5.2.1 China Agricultural Biotechnology Market by Application
9.3.5.2.2 China Agricultural Biotechnology Market by Organism Type
9.3.5.3 India Agricultural Biotechnology Market
9.3.5.3.1 India Agricultural Biotechnology Market by Application
9.3.5.3.2 India Agricultural Biotechnology Market by Organism Type
9.3.5.4 Japan Agricultural Biotechnology Market
9.3.5.4.1 Japan Agricultural Biotechnology Market by Application
9.3.5.4.2 Japan Agricultural Biotechnology Market by Organism Type
9.3.5.5 South Korea Agricultural Biotechnology Market
9.3.5.5.1 South Korea Agricultural Biotechnology Market by Application
9.3.5.5.2 South Korea Agricultural Biotechnology Market by Organism Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Agricultural Biotechnology Market Overview
9.4.2 Middle East and Africa Agricultural Biotechnology Market Forecasts and Analysis
9.4.3 Middle East and Africa Agricultural Biotechnology Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Agricultural Biotechnology Market Forecasts and Analysis - By Organism Type
9.4.5 Middle East and Africa Agricultural Biotechnology Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Agricultural Biotechnology Market
9.4.5.1.1 South Africa Agricultural Biotechnology Market by Application
9.4.5.1.2 South Africa Agricultural Biotechnology Market by Organism Type
9.4.5.2 U.A.E Agricultural Biotechnology Market
9.4.5.2.1 U.A.E Agricultural Biotechnology Market by Application
9.4.5.2.2 U.A.E Agricultural Biotechnology Market by Organism Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Agricultural Biotechnology Market Overview
9.5.2 South and Central America Agricultural Biotechnology Market Forecasts and Analysis
9.5.3 South and Central America Agricultural Biotechnology Market Forecasts and Analysis - By Application
9.5.4 South and Central America Agricultural Biotechnology Market Forecasts and Analysis - By Organism Type
9.5.5 South and Central America Agricultural Biotechnology Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Agricultural Biotechnology Market
9.5.5.1.1 Brazil Agricultural Biotechnology Market by Application
9.5.5.1.2 Brazil Agricultural Biotechnology Market by Organism Type
9.5.5.2 Argentina Agricultural Biotechnology Market
9.5.5.2.1 Argentina Agricultural Biotechnology Market by Application
9.5.5.2.2 Argentina Agricultural Biotechnology Market by Organism Type
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. AGRICULTURAL BIOTECHNOLOGY MARKET, KEY COMPANY PROFILES
11.1. ADAMA LTD
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. CHEMCHINA
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. CORTEVA
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. EVOGENE LTD.
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. KWS SAAT SE AND CO. KGAA
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. LIMAGRAIN
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. MARRONE BIO INNOVATIONS
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. MITSUI AND CO., LTD
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. NUFARM
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. PERFORMANCE PLANTS INC.
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
1. ADAMA Ltd
2. ChemChina
3. Corteva
4. Evogene Ltd.
5. KWS SAAT SE & Co. KGaA
6. Limagrain
7. Marrone Bio Innovations
8. MITSUI & CO., LTD
9. Nufarm
10. Performance Plants Inc.
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.