The APAC glass fiber market is expected to grow from US$ 7,183.72 million in 2020 to US$ 9,819.62 million by 2027; it is estimated to grow at a CAGR of 4.6% from 2020 to 2027.
Australia, China, India, Japan, and South Korea are major economies in APAC region. Burgeoning development of advanced glass fibers for the wind energy is expected to drive the market growth. The demand for renewable energy sources is increasing due to decline in global fossil fuel capacity. Wind energy is one of the most important renewable energy sources. Increase in use of renewable energy sources has led to a surge in demand for wind farms, with large tracts of land and coastal areas devoted to the installation and operation of wind turbines. The companies operating in the market have discovered that the longer the blades are on a turbine, the more energy can be generated, and thus, the wind turbine manufacturers strive to produce more efficient and longer blades. Advanced composite materials such as E-Glass and S+R Glass are a growing part of the construction of wind turbines, specifically the blades. Low density, excellent corrosion resistance, good mechanical properties, tailorability of material properties, and versatility of fabrication methods have made them suitable for wind turbine rotor blades. They show higher stiffness and provide high strike resistance, compressive strength, and ultimate strain, resulting into thinner, stiffer, and lighter blades. The high stiffness of glass fiber reduces blade deflection, allowing a larger tower diameter for a given blade-to-tower clearance. Glass fiber composites are used in the nacelle, which is the most important component of wind turbine. Since one type of fiber does not have all the desired properties, turbine manufacturers are innovating new and improved composites for turbines. For example, glass/carbon hybrid composite. Such composites can provide the required strength and stiffness with improved impact resistance while keeping the weight less and cost down. Thereby, driving the APAC glass fiber market in coming years.
In case of COVID-19, APAC is highly affected specially India. The COVID-19 is anticipated to cause a significant economic loss in the APAC region. The consequence and impact can be even worse and totally depends on the spread of the virus. The governments of various APAC countries are taking possible steps to restrict the spread of the virus by announcing lockdown, which in turn has negatively impacted the revenue generated by the market. The Government have asked the chemical & materials manufacturers to delay their production which will adversely affect the global supply of glass fiber. Furthermore, travel bans imposed by countries in APAC region are affecting opportunities for business collaborations and partnerships. All of these factors are expected to have a negative impact on the chemical and materials industry, acting as a stifling factor for the growth of various markets related to this industry in the coming months.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC glass fiber market. The APAC glass fiber market is expected to grow at a good CAGR during the forecast period.
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APAC Glass Fiber Market Segmentation
APAC Glass Fiber Market – By Fiber Type
- E/ECR-Glass Fiber
- S-Glass Fiber
- C-Glass Fiber
- Others
APAC Glass Fiber Market – By Product Type
- Single-End Roving
- Multi-End Roving
- Woven Roving
- Others
APAC Glass Fiber Market – By Application
- Marine
- Transportation
- Aerospace
- Construction
- Electrical and Electronics
- Consumer Goods
- Others
APAC Glass Fiber Market – By Manufacturing Process
- Hand Lay Up
- Spray Up
- Prepreg Lay Up
- Injection Molding
- Compression Molding
- Resin Infusion
- Others
APAC Glass Fiber Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Glass Fiber Market -Companies Mentioned
- China Jushi Co., Ltd.
- Chongqing Polycomp International Corp. (CPIC)
- Goa Glass Fibre Limited
- Johns Manville
- Nippon Electric Glass Co.,Ltd.
- Owens Corning
- SAINT GOBAIN S.A.
- Sichuan Weibo New Material Group Co., Ltd.
- Taishan Fiberglass Inc. (CTG)
- Taiwan Glass Group
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Fiber Type, Product Type, Application, and Manufacturing Process
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Glass Fiber Market, by Fiber Type
1.3.2 APAC Glass Fiber Market, by Product Type
1.3.3 APAC Glass Fiber Market, by Application
1.3.4 APAC Glass Fiber Market, by Manufacturing Process
1.3.5 APAC Glass Fiber Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. APAC Glass Fiber Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Expert Opinions
5. APAC Glass Fiber Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Escalating Demand of Glass Fibers from Construction Industry
5.1.2 Surging Demand of Fiberglass Composites from the Automotive Industry
5.2 Market Restraints
5.2.1 Presence of Carbon Fiber and Mineral Wool
5.3 Market Opportunities
5.3.1 Burgeoning Development of Advanced Glass Fibers for the Wind Energy
5.4 Future Trends
5.4.1 Mounting Usage of Lightweight Glass Fiber Reinforced Plastic (GFRP) Composites
5.5 Impact Analysis
6. Glass Fiber Market– APAC Analysis
6.1 APAC Glass Fiber Market Overview
6.2 APAC Glass Fiber Market Forecast and Analysis
7. APAC Glass Fiber Market Analysis – By Fiber Type
7.1 Overview
7.2 APAC Glass Fiber Market Breakdown, By Fiber Type, 2019 & 2027
7.3 E/ECR-Glass Fiber
7.3.1 Overview
7.3.2 E/ECR-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
7.4 S-Glass Fiber
7.4.1 Overview
7.4.2 S-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
7.5 C-Glass Fiber
7.5.1 Overview
7.5.2 C-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
7.6 Others
7.6.1 Overview
7.6.2 Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
8. APAC Glass Fiber Market Analysis – By Product Type
8.1 Overview
8.2 APAC Glass Fiber Market Breakdown, By Product Type, 2019 & 2027
8.3 Single-End Roving
8.3.1 Overview
8.3.2 Single-End Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
8.4 Multi-End Roving
8.4.1 Overview
8.4.2 Multi-End Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
8.5 Woven Roving
8.5.1 Overview
8.5.2 Woven Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9. APAC Glass Fiber Market Analysis – By Application
9.1 Overview
9.2 APAC Glass Fiber Market Breakdown, By Application, 2019 & 2027
9.3 Marine
9.3.1 Overview
9.3.2 Marine: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9.4 Transportation
9.4.1 Overview
9.4.2 Transportation: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9.5 Aerospace
9.5.1 Overview
9.5.2 Aerospace: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9.6 Construction
9.6.1 Overview
9.6.2 Construction: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9.7 Electrical and Electronics
9.7.1 Overview
9.7.2 Electrical and Electronics: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9.8 Consumer Goods
9.8.1 Overview
9.8.2 Consumer Goods: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
9.9 Others
9.9.1 Overview
9.9.2 Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10. APAC Glass Fiber Market Analysis – By Manufacturing Process
10.1 Overview
10.2 APAC Glass Fiber Market Breakdown, By Manufacturing Process, 2019 & 2027
10.3 Hand Lay Up
10.3.1 Overview
10.3.2 Hand Lay Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10.4 Spray Up
10.4.1 Overview
10.4.2 Spray Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10.5 Prepreg Lay Up
10.5.1 Overview
10.5.2 Prepreg Lay Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10.6 Injection Molding
10.6.1 Overview
10.6.2 Injection Molding: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10.7 Compression Molding
10.7.1 Overview
10.7.2 Compression Molding: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10.8 Resin Infusion
10.8.1 Overview
10.8.2 Resin Infusion: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
10.9 Others
10.9.1 Overview
10.9.2 Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
11. APAC Glass Fiber Market – Country Analysis
11.1 Overview
11.1.1 APAC: Glass Fiber Market, by Key Country
11.1.1.1 Australia: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)
11.1.1.1.1 Australia: Glass Fiber Market, By Fiber Type
11.1.1.1.2 Australia: Glass Fiber Market, By Product Type
11.1.1.1.3 Australia: Glass Fiber Market, By Application
11.1.1.1.4 Australia: Glass Fiber Market, By Manufacturing Process
11.1.1.2 China: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)
11.1.1.2.1 China: Glass Fiber Market, By Fiber Type
11.1.1.2.2 China: Glass Fiber Market, By Product Type
11.1.1.2.3 China: Glass Fiber Market, By Application
11.1.1.2.4 China: Glass Fiber Market, By Manufacturing Process
11.1.1.3 Japan: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)
11.1.1.3.1 Japan: Glass Fiber Market, By Fiber Type
11.1.1.3.2 Japan: Glass Fiber Market, By Product Type
11.1.1.3.3 Japan: Glass Fiber Market, By Application
11.1.1.3.4 Japan: Glass Fiber Market, By Manufacturing Process
11.1.1.4 India: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)
11.1.1.4.1 India: Glass Fiber Market, By Fiber Type
11.1.1.4.2 India: Glass Fiber Market, By Product Type
11.1.1.4.3 India: Glass Fiber Market, By Application
11.1.1.4.4 India: Glass Fiber Market, By Manufacturing Process
11.1.1.5 South Korea: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)
11.1.1.5.1 South Korea: Glass fiber Market, by Fiber Type
11.1.1.5.2 South Korea: Glass Fiber Market, By Product Type
11.1.1.5.3 South Korea: Glass Fiber Market, By Application
11.1.1.5.4 South Korea: Glass Fiber Market, By Manufacturing Process
11.1.1.6 Rest Of APAC: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)
11.1.1.6.1 Rest Of APAC: Glass Fiber Market, By Fiber Type
11.1.1.6.2 Rest Of APAC: Glass Fiber Market, By Product Type
11.1.1.6.3 Rest Of APAC: Glass Fiber Market, By Application
11.1.1.6.4 Rest Of APAC: Glass Fiber Market, By Manufacturing Process
12. Impact of COVID-19 Pandemic on APAC Glass Fiber Market
12.1 APAC: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Product News
13.2 Mergers and Acquisitions
13.3 Strategy and Business Planning
14. Company Profiles
14.1 Chongqing Polycomp International Corp. (CPIC)
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Johns Manville
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 China Jushi Co., Ltd.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Nippon Electric Glass Co.,Ltd.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Owens Corning
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 SAINT GOBAIN S.A.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Sichuan Weibo New Material Group Co., Ltd.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Taishan Fiberglass Inc.(CTG)
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Taiwan Glass Group
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Goa Glass Fibre Limited
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary
LIST OF TABLES
Table 1. APAC Glass Fiber Market Revenue And Forecasts To 2027 (US$ Mn)
Table 2. Australia Glass Fiber Market, by Fiber Type – Revenue and Forecast to 2027 (US$ Mn)
Table 3. Australia Glass Fiber Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)
Table 4. Australia Glass Fiber Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 5. Australia Glass Fiber Market, by Manufacturing Process – Revenue and Forecast to 2027 (US$ Mn)
Table 6. China Glass Fiber Market, by Fiber Type – Revenue and Forecast to 2027 (US$ Mn)
Table 7. China Glass Fiber Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)
Table 8. China Glass Fiber Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 9. China Glass Fiber Market, by Manufacturing Process – Revenue and Forecast to 2027 (US$ Mn)
Table 10. Japan Glass Fiber Market, by Fiber Type – Revenue and Forecast to 2027 (US$ Mn)
Table 11. Japan Glass Fiber Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)
Table 12. Japan Glass Fiber Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 13. Japan Glass Fiber Market, by Manufacturing Process – Revenue and Forecast to 2027 (US$ Mn)
Table 14. India Glass Fiber Market, by Fiber Type – Revenue and Forecast to 2027 (US$ Mn)
Table 15. India Glass Fiber Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)
Table 16. India Glass Fiber Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 17. India Glass Fiber Market, by Manufacturing Process – Revenue and Forecast to 2027 (US$ Mn)
Table 18. South Korea Glass Fiber Market, by Fiber Type – Revenue and Forecast to 2027 (US$ Mn)
Table 19. South Korea Glass Fiber Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)
Table 20. South Korea Glass Fiber Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 21. South Korea Glass Fiber Market, by Manufacturing Process – Revenue and Forecast to 2027 (US$ Mn)
Table 22. Rest of APAC-Glass Fiber Market, by Fiber Type – Revenue and Forecast to 2027 (US$ Mn)
Table 23. Rest of APAC-Glass Fiber Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)
Table 24. Rest of APAC-Glass Fiber Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 25. Rest of APAC-Glass Fiber Market, by Manufacturing Process – Revenue and Forecast to 2027 (US$ Mn)
Table 26. Glossary of terms
LIST OF FIGURES
Figure 1. APAC Glass Fiber Market Segmentation
Figure 2. APAC Glass Fiber Market Segmentation – By Country
Figure 3. APAC Glass Fiber Market Overview
Figure 4. E/ECR-Glass Fiber Segment Held Larger Share of APAC Glass Fiber Market in 2019
Figure 5. China Dominated the APAC Glass Fiber Market in 2019
Figure 6. PEST Analysis for APAC Glass Fiber Market
Figure 7. Impact Analysis of Drivers and Restraints
Figure 8. APAC Glass Fiber Market Forecast and Analysis, (US$ Mn)
Figure 9. APAC Glass Fiber Market Breakdown, By Fiber Type, 2019 & 2027 (%)
Figure 10. APAC E/ECR-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 11. APAC S-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 12. APAC C-Glass Fiber: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 13. APAC Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 14. APAC Glass Fiber Market Breakdown, By Product Type, 2019 & 2027 (%)
Figure 15. APAC Single-End Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 16. APAC Multi-End Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 17. APAC Woven Roving: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 18. APAC Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 19. APAC Glass Fiber Market Breakdown, By Application, 2019 & 2027 (%)
Figure 20. APAC Marine: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 21. APAC Transportation: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 22. APAC Aerospace: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 23. APAC Construction: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 24. APAC Electrical and Electronics: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 25. APAC Consumer Goods: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 26. APAC Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 27. APAC Glass Fiber Market Breakdown, By Manufacturing Process, 2019 & 2027 (%)
Figure 28. APAC Hand Lay Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 29. APAC Spray Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 30. APAC Prepreg Lay Up: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 31. APAC Injection Molding: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 32. APAC Compression Molding: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 33. APAC Resin Infusion: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 34. APAC Others: Glass Fiber Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 35. APAC: Glass Fiber Market, by Key Country – Revenue (2019) (USD Million)
Figure 36. APAC: Glass Fiber Market Revenue Share, by Key Country (2019 & 2027)
Figure 37. Australia: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)
Figure 38. China: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)
Figure 39. Japan: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)
Figure 40. India: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)
Figure 41. South Korea: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)
Figure 42. Rest Of APAC: Glass Fiber Market –Revenue and Forecast To 2027 (US$ Million)
Figure 43. Impact of COVID-19 Pandemic in APAC Country Markets
- China Jushi Co., Ltd.
- Chongqing Polycomp International Corp. (CPIC)
- Goa Glass Fibre Limited
- Johns Manville
- Nippon Electric Glass Co.,Ltd.
- Owens Corning
- SAINT GOBAIN S.A.
- Sichuan Weibo New Material Group Co., Ltd.
- Taishan Fiberglass Inc. (CTG)
- Taiwan Glass Group
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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