The Thermoplastic Tape Market is expected to register a CAGR of 10.1% 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 fiber type (glass, fiber, resin, and carbon). The report is further segmented by resin type (PAEK, PPS, PP, PA, and others). The report further presents an analysis based on the application (aerospace and defense, automotive and transportation, oil and gas, medical and healthcare, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Thermoplastic Tape 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.
Thermoplastic Tape Market Segmentation
Fiber Type- Glass
- Fiber
- Resin
- Carbon
- PAEK
- PPS
- PP
- PA
- Aerospace and Defense
- Automotive and Transportation
- Oil and Gas
- Medical and Healthcare
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Thermoplastic Tape Market Growth Drivers- Rising Demand in Automotive and Aerospace Industry: The main driving forces behind the thermoplastic tape market include increasing needs for lightweight materials in automotive and aerospace industries. Companies are seeking fuel efficiency and overall reduction in weight. Thus, they try using thermoplastic tapes for good adhesion properties with flexibility for several applications of lightweight material.
- Sustainability Boosting Thermoplastic Tape Market: Increasing impetus on sustainability has proved to be a strong growth catalyst for the thermoplastic tape market. Consumers and manufacturers alike are increasingly turning to "greener" products. Thermoplastic tapes utilizing recyclable materials will meet this demand and attract the environmentally conscious business and consumer, fueling growth as companies seek to reduce their environmental footprint.
- Technological Advancements: The technological advancement in adhesive formulation and manufacturing process has greatly influenced the market for thermoplastic tapes. The enhancement in performance, durability, and versatility lets the tapes be highly applied in different sectors. More enhanced adhesion properties and toughness under temperature resistance provide such tapes with great potential applications, hence leading to increased utilization among manufacturers.
- Thermoplastic Tape Growth in Electronics: The market is experiencing huge growth in the application of thermoplastic tape in electronics. With smaller-sized devices, better insulation and protection, and also being used in assemblies, high-performance tapes become essential. Manufacturers continuously innovate and offer specialty tapes in response to emerging requirements in electronics, such as heat resistance and electrical insulation.
- Growing Demand for Customized Thermoplastic Tapes: Customized solutions tailored to the specific needs of various industries are the growing demand in the thermoplastic tape market. More and more companies are coming to the forefront in order to gain tapes created for specific applications, which in turn forces a variety of products from manufacturers. Innovation is promoted, and businesses differentiate themselves in competitive markets.
- Integration of Smart Technologies: Thermoplastic tapes are among the notable trends in the integration of smart technologies. It allowed sensors and other intelligent features to be embedded into tapes with increased functionality for applications such as monitoring temperatures and stress. This advancement creates value additions together with new opportunities in areas of applications in various industries, including automotive and aerospace.
- Growth in Emerging Economies: Emerging economies will provide a huge opportunity for the thermoplastic tape market. Rapid industrialization, urbanization, and infrastructure development are driving demand across such sectors as automotive, construction, and electronics. With these markets continuing to grow, new players in the form of local manufacturers and suppliers can benefit from the growth and rising requirement for high-performance materials and create innovation.
- Rising Renewable Energy: Stronger interest in renewables is creating wind and solar energy interest, which brings a lot of scope for the tapes made of thermoplastics. The tapes will be applied to a number of functions-things being bonded and various applications in insulation. The further the growth is supported by the renewables sector, the more demand for tougher and more efficient materials will lead to higher market expansion.
- Strategic Collaborations by Key Players: Strategic collaborations with the automobile industry and aerospace will be significant opportunities for the thermoplastic tape market. Suppliers of tapes can develop customized products meeting specific requirements and foster innovation with the manufacturers in these industries in which they collaborate, thus expanding their reach, sales, and brand value.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Thermoplastic Tape 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 Thermoplastic Tape 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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- 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
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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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to country scope.
Frequently Asked Questions
Incorporation of sensors and smart features enhances functionality across applications is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the thermoplastic tape market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Toray Industries Inc, SABIC, Mitsui Chemical Inc, Evonik Industries AG, Hexcel Corp, Tejin Ltd, Arkema, BASF SE, Solvay, and SGL Carbon
The major factors driving the thermoplastic tape market are:
1. Increased adoption of lightweight materials in automotive and aerospace for fuel efficiency.
2. Growing focus on eco-friendly products boosts demand for recyclable thermoplastic tapes.
The Thermoplastic Tape Market is estimated to witness a CAGR of 10.1% from 2023 to 2031
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Thermoplastic Tape Market - By Thickness Type
1.3.2Thermoplastic Tape Market - By Material Type
1.3.3Thermoplastic Tape Market - By End-use Industry
1.3.4Thermoplastic Tape Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.THERMOPLASTIC TAPE MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.THERMOPLASTIC TAPE 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.THERMOPLASTIC TAPE MARKET - GLOBAL MARKET ANALYSIS
6.1.THERMOPLASTIC TAPE - GLOBAL MARKET OVERVIEW
6.2.THERMOPLASTIC TAPE - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.THERMOPLASTIC TAPE MARKET - REVENUE AND FORECASTS TO 2028 - THICKNESS TYPE
7.1.OVERVIEW
7.2.THICKNESS TYPE MARKET FORECASTS AND ANALYSIS
7.3.LESS THAN 0.20 MM
7.3.1.Overview
7.3.2.Less Than 0.20 mm Market Forecast and Analysis
7.4.0.21 MM-0.40 MM
7.4.1.Overview
7.4.2.0.21 mm-0.40 mm Market Forecast and Analysis
7.5.MORE THAN 0.40 MM
7.5.1.Overview
7.5.2.More Than 0.40 mm Market Forecast and Analysis
8.THERMOPLASTIC TAPE MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL TYPE
8.1.OVERVIEW
8.2.MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
8.3.FIBER
8.3.1.Overview
8.3.2.Fiber Market Forecast and Analysis
8.4.CARBON
8.4.1.Overview
8.4.2.Carbon Market Forecast and Analysis
8.5.GLASS
8.5.1.Overview
8.5.2.Glass Market Forecast and Analysis
8.6.RESIN
8.6.1.Overview
8.6.2.Resin Market Forecast and Analysis
8.7.PAEK
8.7.1.Overview
8.7.2.PAEK Market Forecast and Analysis
8.8.PC
8.8.1.Overview
8.8.2.PC Market Forecast and Analysis
8.9.PA
8.9.1.Overview
8.9.2.PA Market Forecast and Analysis
8.10.PET
8.10.1.Overview
8.10.2.PET Market Forecast and Analysis
8.11.TPU
8.11.1.Overview
8.11.2.TPU Market Forecast and Analysis
8.12.PP
8.12.1.Overview
8.12.2.PP Market Forecast and Analysis
8.13.OTHERS
8.13.1.Overview
8.13.2.Others Market Forecast and Analysis
9.THERMOPLASTIC TAPE MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
9.1.OVERVIEW
9.2.END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3.AEROSPACE
9.3.1.Overview
9.3.2.Aerospace Market Forecast and Analysis
9.4.AUTOMOTIVE
9.4.1.Overview
9.4.2.Automotive Market Forecast and Analysis
9.5.BUILDING AND CONSTRUCTION
9.5.1.Overview
9.5.2.Building and Construction Market Forecast and Analysis
9.6.INDUSTRIAL GOODS
9.6.1.Overview
9.6.2.Industrial Goods Market Forecast and Analysis
9.7.OIL AND GAS
9.7.1.Overview
9.7.2.Oil and Gas Market Forecast and Analysis
10.THERMOPLASTIC TAPE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Thermoplastic Tape Market Overview
10.1.2North America Thermoplastic Tape Market Forecasts and Analysis
10.1.3North America Thermoplastic Tape Market Forecasts and Analysis - By Thickness Type
10.1.4North America Thermoplastic Tape Market Forecasts and Analysis - By Material Type
10.1.5North America Thermoplastic Tape Market Forecasts and Analysis - By End-use Industry
10.1.6North America Thermoplastic Tape Market Forecasts and Analysis - By Countries
10.1.6.1United States Thermoplastic Tape Market
10.1.6.1.1United States Thermoplastic Tape Market by Thickness Type
10.1.6.1.2United States Thermoplastic Tape Market by Material Type
10.1.6.1.3United States Thermoplastic Tape Market by End-use Industry
10.1.6.2Canada Thermoplastic Tape Market
10.1.6.2.1Canada Thermoplastic Tape Market by Thickness Type
10.1.6.2.2Canada Thermoplastic Tape Market by Material Type
10.1.6.2.3Canada Thermoplastic Tape Market by End-use Industry
10.1.6.3Mexico Thermoplastic Tape Market
10.1.6.3.1Mexico Thermoplastic Tape Market by Thickness Type
10.1.6.3.2Mexico Thermoplastic Tape Market by Material Type
10.1.6.3.3Mexico Thermoplastic Tape Market by End-use Industry
10.2.EUROPE
10.2.1Europe Thermoplastic Tape Market Overview
10.2.2Europe Thermoplastic Tape Market Forecasts and Analysis
10.2.3Europe Thermoplastic Tape Market Forecasts and Analysis - By Thickness Type
10.2.4Europe Thermoplastic Tape Market Forecasts and Analysis - By Material Type
10.2.5Europe Thermoplastic Tape Market Forecasts and Analysis - By End-use Industry
10.2.6Europe Thermoplastic Tape Market Forecasts and Analysis - By Countries
10.2.6.1Germany Thermoplastic Tape Market
10.2.6.1.1Germany Thermoplastic Tape Market by Thickness Type
10.2.6.1.2Germany Thermoplastic Tape Market by Material Type
10.2.6.1.3Germany Thermoplastic Tape Market by End-use Industry
10.2.6.2France Thermoplastic Tape Market
10.2.6.2.1France Thermoplastic Tape Market by Thickness Type
10.2.6.2.2France Thermoplastic Tape Market by Material Type
10.2.6.2.3France Thermoplastic Tape Market by End-use Industry
10.2.6.3Italy Thermoplastic Tape Market
10.2.6.3.1Italy Thermoplastic Tape Market by Thickness Type
10.2.6.3.2Italy Thermoplastic Tape Market by Material Type
10.2.6.3.3Italy Thermoplastic Tape Market by End-use Industry
10.2.6.4United Kingdom Thermoplastic Tape Market
10.2.6.4.1United Kingdom Thermoplastic Tape Market by Thickness Type
10.2.6.4.2United Kingdom Thermoplastic Tape Market by Material Type
10.2.6.4.3United Kingdom Thermoplastic Tape Market by End-use Industry
10.2.6.5Russia Thermoplastic Tape Market
10.2.6.5.1Russia Thermoplastic Tape Market by Thickness Type
10.2.6.5.2Russia Thermoplastic Tape Market by Material Type
10.2.6.5.3Russia Thermoplastic Tape Market by End-use Industry
10.2.6.6Rest of Europe Thermoplastic Tape Market
10.2.6.6.1Rest of Europe Thermoplastic Tape Market by Thickness Type
10.2.6.6.2Rest of Europe Thermoplastic Tape Market by Material Type
10.2.6.6.3Rest of Europe Thermoplastic Tape Market by End-use Industry
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Thermoplastic Tape Market Overview
10.3.2Asia-Pacific Thermoplastic Tape Market Forecasts and Analysis
10.3.3Asia-Pacific Thermoplastic Tape Market Forecasts and Analysis - By Thickness Type
10.3.4Asia-Pacific Thermoplastic Tape Market Forecasts and Analysis - By Material Type
10.3.5Asia-Pacific Thermoplastic Tape Market Forecasts and Analysis - By End-use Industry
10.3.6Asia-Pacific Thermoplastic Tape Market Forecasts and Analysis - By Countries
10.3.6.1Australia Thermoplastic Tape Market
10.3.6.1.1Australia Thermoplastic Tape Market by Thickness Type
10.3.6.1.2Australia Thermoplastic Tape Market by Material Type
10.3.6.1.3Australia Thermoplastic Tape Market by End-use Industry
10.3.6.2China Thermoplastic Tape Market
10.3.6.2.1China Thermoplastic Tape Market by Thickness Type
10.3.6.2.2China Thermoplastic Tape Market by Material Type
10.3.6.2.3China Thermoplastic Tape Market by End-use Industry
10.3.6.3India Thermoplastic Tape Market
10.3.6.3.1India Thermoplastic Tape Market by Thickness Type
10.3.6.3.2India Thermoplastic Tape Market by Material Type
10.3.6.3.3India Thermoplastic Tape Market by End-use Industry
10.3.6.4Japan Thermoplastic Tape Market
10.3.6.4.1Japan Thermoplastic Tape Market by Thickness Type
10.3.6.4.2Japan Thermoplastic Tape Market by Material Type
10.3.6.4.3Japan Thermoplastic Tape Market by End-use Industry
10.3.6.5South Korea Thermoplastic Tape Market
10.3.6.5.1South Korea Thermoplastic Tape Market by Thickness Type
10.3.6.5.2South Korea Thermoplastic Tape Market by Material Type
10.3.6.5.3South Korea Thermoplastic Tape Market by End-use Industry
10.3.6.6Indonesia Thermoplastic Tape Market
10.3.6.6.1Indonesia Thermoplastic Tape Market by Thickness Type
10.3.6.6.2Indonesia Thermoplastic Tape Market by Material Type
10.3.6.6.3Indonesia Thermoplastic Tape Market by End-use Industry
10.3.6.7Rest of Asia-Pacific Thermoplastic Tape Market
10.3.6.7.1Rest of Asia-Pacific Thermoplastic Tape Market by Thickness Type
10.3.6.7.2Rest of Asia-Pacific Thermoplastic Tape Market by Material Type
10.3.6.7.3Rest of Asia-Pacific Thermoplastic Tape Market by End-use Industry
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Thermoplastic Tape Market Overview
10.4.2Middle East and Africa Thermoplastic Tape Market Forecasts and Analysis
10.4.3Middle East and Africa Thermoplastic Tape Market Forecasts and Analysis - By Thickness Type
10.4.4Middle East and Africa Thermoplastic Tape Market Forecasts and Analysis - By Material Type
10.4.5Middle East and Africa Thermoplastic Tape Market Forecasts and Analysis - By End-use Industry
10.4.6Middle East and Africa Thermoplastic Tape Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Thermoplastic Tape Market
10.4.6.1.1South Africa Thermoplastic Tape Market by Thickness Type
10.4.6.1.2South Africa Thermoplastic Tape Market by Material Type
10.4.6.1.3South Africa Thermoplastic Tape Market by End-use Industry
10.4.6.2Saudi Arabia Thermoplastic Tape Market
10.4.6.2.1Saudi Arabia Thermoplastic Tape Market by Thickness Type
10.4.6.2.2Saudi Arabia Thermoplastic Tape Market by Material Type
10.4.6.2.3Saudi Arabia Thermoplastic Tape Market by End-use Industry
10.4.6.3U.A.E Thermoplastic Tape Market
10.4.6.3.1U.A.E Thermoplastic Tape Market by Thickness Type
10.4.6.3.2U.A.E Thermoplastic Tape Market by Material Type
10.4.6.3.3U.A.E Thermoplastic Tape Market by End-use Industry
10.4.6.4Rest of Middle East and Africa Thermoplastic Tape Market
10.4.6.4.1Rest of Middle East and Africa Thermoplastic Tape Market by Thickness Type
10.4.6.4.2Rest of Middle East and Africa Thermoplastic Tape Market by Material Type
10.4.6.4.3Rest of Middle East and Africa Thermoplastic Tape Market by End-use Industry
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Thermoplastic Tape Market Overview
10.5.2South and Central America Thermoplastic Tape Market Forecasts and Analysis
10.5.3South and Central America Thermoplastic Tape Market Forecasts and Analysis - By Thickness Type
10.5.4South and Central America Thermoplastic Tape Market Forecasts and Analysis - By Material Type
10.5.5South and Central America Thermoplastic Tape Market Forecasts and Analysis - By End-use Industry
10.5.6South and Central America Thermoplastic Tape Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Thermoplastic Tape Market
10.5.6.1.1Brazil Thermoplastic Tape Market by Thickness Type
10.5.6.1.2Brazil Thermoplastic Tape Market by Material Type
10.5.6.1.3Brazil Thermoplastic Tape Market by End-use Industry
10.5.6.2Argentina Thermoplastic Tape Market
10.5.6.2.1Argentina Thermoplastic Tape Market by Thickness Type
10.5.6.2.2Argentina Thermoplastic Tape Market by Material Type
10.5.6.2.3Argentina Thermoplastic Tape Market by End-use Industry
10.5.6.3Rest of South and Central America Thermoplastic Tape Market
10.5.6.3.1Rest of South and Central America Thermoplastic Tape Market by Thickness Type
10.5.6.3.2Rest of South and Central America Thermoplastic Tape Market by Material Type
10.5.6.3.3Rest of South and Central America Thermoplastic Tape Market by End-use Industry
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.THERMOPLASTIC TAPE MARKET, KEY COMPANY PROFILES
12.1.SUPREM SA
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.SABIC CORPORATION
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.COMPTAPE
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.MARU HACHI CORPORATION
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.TORAY INDUSTRIES
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.EVONIK INDUSTRIES AG
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.SOLVAY S.A.
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.KONINKLIJKE DSM N.V.
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.SHANGHAI TOPOLO NEW MATERIALS
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.TEIJIN LIMITED
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
1. Suprem SA
2. Sabic Corporation
3. CompTape
4. Maru Hachi Corporation
5. Toray Industries
6. Evonik Industries AG
7. Solvay S.A.
8. Koninklijke DSM N.V.
9. Shanghai Topolo New Materials
10. Teijin Limited
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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