Stair-climbing Transfer Chair Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Stair-climbing Transfer Chair Market covers analysis By Product (Folding Chair, Non-folding Chair); Modality (Self-propelled Chair, Attendant-propelled Chair); End-user (Hospitals, Clinics, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00015258
  • Category : Medical Device
  • No. of Pages : 150
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Stair-climbing Transfer Chair Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET INTRODUCTION

Stair-climbing transfer chairs are considered an accessibility solution that allows the caregiver to transport an individual up and down the stairs. Stair-climbing transfer chairs can work on any stair configurations such as straight, curved, or angular, compared to a wheelchair stairlift, where stairlift modality depends on the type of stair configurations like curved stairlift requires curved rails to fit the staircase's exact shape, making them more complicated and costly. These stair climbing transfer chairs are lightweight and portable, allowing them to disassemble into pieces to carry with the patient. Advancements in stair climbers such as integrating an automated braking system with the chair have been essential for use. It aids to stops the unit at the edge of the stair step, thus reducing the risk of falling. These automatic braking systems gradually engaged when the chair is tilted back, allowing it to use on ramps and hills. Many different types of portable stair climbers designed to suit a wide range of staircases with any materials such as carpet, steel, wood, brick, and concrete.

MARKET DYNAMICS

The stair-climbing transfer chair market has shown a significant evolution over the forecast period. The market is propelled by a high growth owing to the rising geriatric population and increasing lower limb amputation cases due to various diseases such as diabetes, vascular conditions, and osteoarthritis. The aging population is also prone to multiple chronic diseases, dizziness and vertigo, mental deterioration, and limited mobility. According to the American Community Survey estimates, the overall rate of people with disabilities in the U.S. population in 2016 was 12.8%. Furthermore, according to the 2020 Disability Statistics & Demographics report, the percentage of people with a disability in the U.S. slowly increased from 11.95% in 2010 to 12.8% in 2016. Moreover, low installation costs and ease of accessibility are additional key factors driving the growth of the stair-climbing transfer chair market. Also, the rise in the road- accidents is responsible as well in driving the growth of this market. However, according to the Research Institute for Disabled Consumers, November 2020 data findings, the average cost of a straight stair-climbing transfer chair ranges between US$ 3,370 to US$ 3640. The automated stair-climbing transfer chairs, owing to compact, easy handling, both indoor and outdoor mobility, and battery-powered options, are increasing in popularity but are extremely expensive, and are expected to negatively affect the growth of the global stair-climbing transfer chair market size.

MARKET SCOPE

The "Stair-Climbing Transfer Chair Market Analysis to 2028" is a specialized and in-depth study of the medical device in the healthcare industry, focusing on the global market trend analysis. This report provides an outline of the stair-climbing transfer chair market with detailed market segmentation by product, modality, and end-user. The stair-climbing transfer chair market is expected to witness high growth during the forecast period. The report focusses on the vital statistics on the market status of the leading players in the stair-climbing transfer chair market and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The market is segmented based on product, modality, and end-user. On the basis of the product, the market is categorized as a folding chair and non-folding chair. On the basis of modality, the market is segmented as self-propelled chair and attendant-propelled chair. On the basis of end-user, the market is segmented as hospitals, clinics, and others.

REGIONAL FRAMEWORK

The report lays out a detailed outline of the industry, including both quantitative and qualitative information. The report gives a sketch and forecast of the stair-climbing transfer chair market based on various segments. It also comprises market size and forecast estimates from the year 2020 to2028 concerning five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The stair-climbing transfer chair market by each region is later subdivided into respective countries and segments. The report comprises the analysis and forecast of 18 countries globally and the recent trend and opportunities prevailing in the region.

The report analyzes factors affecting the stair-climbing transfer chair market from both the demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also comprises precise PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South & Central America, after evaluating political, economic, social, and technological factors affecting the stair-climbing transfer chair market in these regions.

World Geography

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MARKET PLAYERS


The report lays out a detailed outline of the industry, including both quantitative and qualitative information. The report gives a sketch and forecast of the stair-climbing transfer chair market based on various segments. It also comprises market size and forecast estimates from the year 2020 to2028 concerning five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The stair-climbing transfer chair market by each region is later subdivided into respective countries and segments. The report comprises the analysis and forecast of 18 countries globally and the recent trend and opportunities prevailing in the region.

The report analyzes factors affecting the stair-climbing transfer chair market from both the demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also comprises precise PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South & Central America, after evaluating political, economic, social, and technological factors affecting the stair-climbing transfer chair market in these regions.

MARKET PLAYERS

The report contains critical developments in the stair-climbing transfer chair market as organic and inorganic growth strategies. Various enterprises focus on organic growth strategies like product approvals, product launches, and others, such as patents and events. Inorganic growth strategies observed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the stair-climbing transfer chair market are anticipated to have profitable growth opportunities in the coming years with the rising demand for stair-climbing transfer chair in the global market. Given below is the list of few companies engaged in the stair-climbing transfer chair market.
The report also consists of the profiles of key players in the stair-climbing transfer chair market, along with their SWOT analysis and market strategies. Additionally, the report elaborates on leading industry players with information on company profiles, components, and services provided, financial information of the last three years, critical development in the past five years.

  •  Stryker
  •  Stair Chair.
  •  TGR Srl
  •  Antano Group
  •  Jiangsu Suhong Medical Instruments Co.,Ltd
  •  DHS Emergency
  •  Doctor's Friend Medical Instrument co., ltd.
  •  Dragon Industry (ZJG) Co., Ltd.
  •  SITMED
  •  PVS SpA

The Insight Partner's dedicated research and analysis team comprises of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
  • 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Stair-climbing Transfer Chair Market - By Product
1.3.2 Stair-climbing Transfer Chair Market - By Modality
1.3.3 Stair-climbing Transfer Chair Market - By End-user
1.3.4 Stair-climbing Transfer Chair Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. STAIR-CLIMBING TRANSFER CHAIR 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. STAIR-CLIMBING TRANSFER CHAIR 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. STAIR-CLIMBING TRANSFER CHAIR MARKET - GLOBAL MARKET ANALYSIS
6.1. STAIR-CLIMBING TRANSFER CHAIR - GLOBAL MARKET OVERVIEW
6.2. STAIR-CLIMBING TRANSFER CHAIR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. STAIR-CLIMBING TRANSFER CHAIR MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. FOLDING CHAIR
7.3.1. Overview
7.3.2. Folding Chair Market Forecast and Analysis
7.4. NON-FOLDING CHAIR
7.4.1. Overview
7.4.2. Non-folding Chair Market Forecast and Analysis
8. STAIR-CLIMBING TRANSFER CHAIR MARKET - REVENUE AND FORECASTS TO 2028 - MODALITY
8.1. OVERVIEW
8.2. MODALITY MARKET FORECASTS AND ANALYSIS
8.3. SELF-PROPELLED CHAIR
8.3.1. Overview
8.3.2. Self-propelled Chair Market Forecast and Analysis
8.4. ATTENDANT-PROPELLED CHAIR
8.4.1. Overview
8.4.2. Attendant-propelled Chair Market Forecast and Analysis
9. STAIR-CLIMBING TRANSFER CHAIR MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. CLINICS
9.4.1. Overview
9.4.2. Clinics Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. STAIR-CLIMBING TRANSFER CHAIR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Stair-climbing Transfer Chair Market Overview
10.1.2 North America Stair-climbing Transfer Chair Market Forecasts and Analysis
10.1.3 North America Stair-climbing Transfer Chair Market Forecasts and Analysis - By Product
10.1.4 North America Stair-climbing Transfer Chair Market Forecasts and Analysis - By Modality
10.1.5 North America Stair-climbing Transfer Chair Market Forecasts and Analysis - By End-user
10.1.6 North America Stair-climbing Transfer Chair Market Forecasts and Analysis - By Countries
10.1.6.1 United States Stair-climbing Transfer Chair Market
10.1.6.1.1 United States Stair-climbing Transfer Chair Market by Product
10.1.6.1.2 United States Stair-climbing Transfer Chair Market by Modality
10.1.6.1.3 United States Stair-climbing Transfer Chair Market by End-user
10.1.6.2 Canada Stair-climbing Transfer Chair Market
10.1.6.2.1 Canada Stair-climbing Transfer Chair Market by Product
10.1.6.2.2 Canada Stair-climbing Transfer Chair Market by Modality
10.1.6.2.3 Canada Stair-climbing Transfer Chair Market by End-user
10.1.6.3 Mexico Stair-climbing Transfer Chair Market
10.1.6.3.1 Mexico Stair-climbing Transfer Chair Market by Product
10.1.6.3.2 Mexico Stair-climbing Transfer Chair Market by Modality
10.1.6.3.3 Mexico Stair-climbing Transfer Chair Market by End-user
10.2. EUROPE
10.2.1 Europe Stair-climbing Transfer Chair Market Overview
10.2.2 Europe Stair-climbing Transfer Chair Market Forecasts and Analysis
10.2.3 Europe Stair-climbing Transfer Chair Market Forecasts and Analysis - By Product
10.2.4 Europe Stair-climbing Transfer Chair Market Forecasts and Analysis - By Modality
10.2.5 Europe Stair-climbing Transfer Chair Market Forecasts and Analysis - By End-user
10.2.6 Europe Stair-climbing Transfer Chair Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Stair-climbing Transfer Chair Market
10.2.6.1.1 Germany Stair-climbing Transfer Chair Market by Product
10.2.6.1.2 Germany Stair-climbing Transfer Chair Market by Modality
10.2.6.1.3 Germany Stair-climbing Transfer Chair Market by End-user
10.2.6.2 France Stair-climbing Transfer Chair Market
10.2.6.2.1 France Stair-climbing Transfer Chair Market by Product
10.2.6.2.2 France Stair-climbing Transfer Chair Market by Modality
10.2.6.2.3 France Stair-climbing Transfer Chair Market by End-user
10.2.6.3 Italy Stair-climbing Transfer Chair Market
10.2.6.3.1 Italy Stair-climbing Transfer Chair Market by Product
10.2.6.3.2 Italy Stair-climbing Transfer Chair Market by Modality
10.2.6.3.3 Italy Stair-climbing Transfer Chair Market by End-user
10.2.6.4 Spain Stair-climbing Transfer Chair Market
10.2.6.4.1 Spain Stair-climbing Transfer Chair Market by Product
10.2.6.4.2 Spain Stair-climbing Transfer Chair Market by Modality
10.2.6.4.3 Spain Stair-climbing Transfer Chair Market by End-user
10.2.6.5 United Kingdom Stair-climbing Transfer Chair Market
10.2.6.5.1 United Kingdom Stair-climbing Transfer Chair Market by Product
10.2.6.5.2 United Kingdom Stair-climbing Transfer Chair Market by Modality
10.2.6.5.3 United Kingdom Stair-climbing Transfer Chair Market by End-user
10.2.6.6 Rest of Europe Stair-climbing Transfer Chair Market
10.2.6.6.1 Rest of Europe Stair-climbing Transfer Chair Market by Product
10.2.6.6.2 Rest of Europe Stair-climbing Transfer Chair Market by Modality
10.2.6.6.3 Rest of Europe Stair-climbing Transfer Chair Market by End-user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Stair-climbing Transfer Chair Market Overview
10.3.2 Asia-Pacific Stair-climbing Transfer Chair Market Forecasts and Analysis
10.3.3 Asia-Pacific Stair-climbing Transfer Chair Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Stair-climbing Transfer Chair Market Forecasts and Analysis - By Modality
10.3.5 Asia-Pacific Stair-climbing Transfer Chair Market Forecasts and Analysis - By End-user
10.3.6 Asia-Pacific Stair-climbing Transfer Chair Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Stair-climbing Transfer Chair Market
10.3.6.1.1 Australia Stair-climbing Transfer Chair Market by Product
10.3.6.1.2 Australia Stair-climbing Transfer Chair Market by Modality
10.3.6.1.3 Australia Stair-climbing Transfer Chair Market by End-user
10.3.6.2 China Stair-climbing Transfer Chair Market
10.3.6.2.1 China Stair-climbing Transfer Chair Market by Product
10.3.6.2.2 China Stair-climbing Transfer Chair Market by Modality
10.3.6.2.3 China Stair-climbing Transfer Chair Market by End-user
10.3.6.3 India Stair-climbing Transfer Chair Market
10.3.6.3.1 India Stair-climbing Transfer Chair Market by Product
10.3.6.3.2 India Stair-climbing Transfer Chair Market by Modality
10.3.6.3.3 India Stair-climbing Transfer Chair Market by End-user
10.3.6.4 Japan Stair-climbing Transfer Chair Market
10.3.6.4.1 Japan Stair-climbing Transfer Chair Market by Product
10.3.6.4.2 Japan Stair-climbing Transfer Chair Market by Modality
10.3.6.4.3 Japan Stair-climbing Transfer Chair Market by End-user
10.3.6.5 South Korea Stair-climbing Transfer Chair Market
10.3.6.5.1 South Korea Stair-climbing Transfer Chair Market by Product
10.3.6.5.2 South Korea Stair-climbing Transfer Chair Market by Modality
10.3.6.5.3 South Korea Stair-climbing Transfer Chair Market by End-user
10.3.6.6 Rest of Asia-Pacific Stair-climbing Transfer Chair Market
10.3.6.6.1 Rest of Asia-Pacific Stair-climbing Transfer Chair Market by Product
10.3.6.6.2 Rest of Asia-Pacific Stair-climbing Transfer Chair Market by Modality
10.3.6.6.3 Rest of Asia-Pacific Stair-climbing Transfer Chair Market by End-user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Stair-climbing Transfer Chair Market Overview
10.4.2 Middle East and Africa Stair-climbing Transfer Chair Market Forecasts and Analysis
10.4.3 Middle East and Africa Stair-climbing Transfer Chair Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Stair-climbing Transfer Chair Market Forecasts and Analysis - By Modality
10.4.5 Middle East and Africa Stair-climbing Transfer Chair Market Forecasts and Analysis - By End-user
10.4.6 Middle East and Africa Stair-climbing Transfer Chair Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Stair-climbing Transfer Chair Market
10.4.6.1.1 South Africa Stair-climbing Transfer Chair Market by Product
10.4.6.1.2 South Africa Stair-climbing Transfer Chair Market by Modality
10.4.6.1.3 South Africa Stair-climbing Transfer Chair Market by End-user
10.4.6.2 Saudi Arabia Stair-climbing Transfer Chair Market
10.4.6.2.1 Saudi Arabia Stair-climbing Transfer Chair Market by Product
10.4.6.2.2 Saudi Arabia Stair-climbing Transfer Chair Market by Modality
10.4.6.2.3 Saudi Arabia Stair-climbing Transfer Chair Market by End-user
10.4.6.3 U.A.E Stair-climbing Transfer Chair Market
10.4.6.3.1 U.A.E Stair-climbing Transfer Chair Market by Product
10.4.6.3.2 U.A.E Stair-climbing Transfer Chair Market by Modality
10.4.6.3.3 U.A.E Stair-climbing Transfer Chair Market by End-user
10.4.6.4 Rest of Middle East and Africa Stair-climbing Transfer Chair Market
10.4.6.4.1 Rest of Middle East and Africa Stair-climbing Transfer Chair Market by Product
10.4.6.4.2 Rest of Middle East and Africa Stair-climbing Transfer Chair Market by Modality
10.4.6.4.3 Rest of Middle East and Africa Stair-climbing Transfer Chair Market by End-user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Stair-climbing Transfer Chair Market Overview
10.5.2 South and Central America Stair-climbing Transfer Chair Market Forecasts and Analysis
10.5.3 South and Central America Stair-climbing Transfer Chair Market Forecasts and Analysis - By Product
10.5.4 South and Central America Stair-climbing Transfer Chair Market Forecasts and Analysis - By Modality
10.5.5 South and Central America Stair-climbing Transfer Chair Market Forecasts and Analysis - By End-user
10.5.6 South and Central America Stair-climbing Transfer Chair Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Stair-climbing Transfer Chair Market
10.5.6.1.1 Brazil Stair-climbing Transfer Chair Market by Product
10.5.6.1.2 Brazil Stair-climbing Transfer Chair Market by Modality
10.5.6.1.3 Brazil Stair-climbing Transfer Chair Market by End-user
10.5.6.2 Argentina Stair-climbing Transfer Chair Market
10.5.6.2.1 Argentina Stair-climbing Transfer Chair Market by Product
10.5.6.2.2 Argentina Stair-climbing Transfer Chair Market by Modality
10.5.6.2.3 Argentina Stair-climbing Transfer Chair Market by End-user
10.5.6.3 Rest of South and Central America Stair-climbing Transfer Chair Market
10.5.6.3.1 Rest of South and Central America Stair-climbing Transfer Chair Market by Product
10.5.6.3.2 Rest of South and Central America Stair-climbing Transfer Chair Market by Modality
10.5.6.3.3 Rest of South and Central America Stair-climbing Transfer Chair Market by End-user
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. STAIR-CLIMBING TRANSFER CHAIR MARKET, KEY COMPANY PROFILES
12.1. STRYKER
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. STAIR CHAIR.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. TGR SRL
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. ANTANO GROUP
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. JIANGSU SUHONG MEDICAL INSTRUMENTS CO.,LTD
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. DHS EMERGENCY
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. DOCTOR'S FRIEND MEDICAL INSTRUMENT CO., LTD.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. DRAGON INDUSTRY (ZJG) CO., LTD.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SITMED
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. PVS SPA
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies

1. Stryker
2. Stair Chair.
3. TGR Srl
4. Antano Group
5. Jiangsu Suhong Medical Instruments Co.,Ltd
6. DHS Emergency
7. Doctor's Friend Medical Instrument co., ltd.
8. Dragon Industry (ZJG) Co., Ltd.
9. SITMED
10. PVS SpA

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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