Automotive Power Electronics are the devices installed and used for controlling the high voltage and converting varied electric power in a most proficient way. These devices also helps in monitoring a power consumption in an optimized manner. One of the major driver for the growth of Automotive Power Electronics market is the rapid growth in the electric vehicles owing to the reasons that electric vehicle use batteries and doesn't harm the environment.
MARKET SCOPE
The "Global Automotive Power Electronics Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of Automotive Power Electronics market with detailed market segmentation by electric vehicle type, type, component, application, and geography. The global Automotive Power Electronics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Automotive Power Electronics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on electric vehicle type, the market is segmented as battery electric vehicle, hybrid electric vehicle, plug-in hybrid vehicle and fuel cell electric vehicle
- On the basis of type, the market is segmented into engine electronics, transmission electronics, chassis electronics, active safety, driver assistance and passenger assistance
- Based on component, the market is segmented into sensor, power integrated circuit and micro controller unit
- On the basis of application, the market is fragmented into powertrain & chassis, body electronics, safety & security and infotainment & telematics
MARKET DYNAMICS
Drivers:
- Surging demand of worthy features in terms of safety and assistance and rapid development in electric vehicles
- Growing demand for advanced safety, convenience, and comfort systems
Restraints:
- High cost of production occurs in designing of a system plus heavy weight material, resulting directly increase in the cost of a vehicle and below the standard quality
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Automotive Power Electronics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porters five force analysis highlighting factors factors affecting the Automotive Power Electronics market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE POWER ELECTRONICS MARKET
The outbreak of the COVID-19 has severely impacted the automotive and transportation, and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption in global supply chain is expected to leave an impact on the industry through till mid-2021. Several automotive power electronics solution providers namely: Bosch and Continental have declared the pause in the production due to the lowered demand, supply chain bottlenecks, and to protect the safety of their employees in the most affected countries during the COVID-19 pandemic. As a result, the demand for automotive power electronics solutions got declined in 2020 and is the impact of pandemic is expected to continue in the year 2021 too.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Automotive Power Electronics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porters five force analysis highlighting factors factors affecting the Automotive Power Electronics market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE POWER ELECTRONICS MARKET
The outbreak of the COVID-19 has severely impacted the automotive and transportation, and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption in global supply chain is expected to leave an impact on the industry through till mid-2021. Several automotive power electronics solution providers namely: Bosch and Continental have declared the pause in the production due to the lowered demand, supply chain bottlenecks, and to protect the safety of their employees in the most affected countries during the COVID-19 pandemic. As a result, the demand for automotive power electronics solutions got declined in 2020 and is the impact of pandemic is expected to continue in the year 2021 too.
MARKET PLAYERS
The report covers key developments in the automotive power electronics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Automotive Power Electronics market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive power electronics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Automotive Power Electronics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
1. Infineon Technologies AG
2. Renesas Electronics Corporation
3. Vishay Intertechnology Inc.
4. Robert Bosch GmbH
5. Mitsubishi Electric Corporation
6. Qualcomm Technologies Inc.
7. ON Semiconductor Corporation
8. NXP Semiconductors
9. GAN Systems Inc.
10. Rohm Corporation ltd.
- 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
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Power Electronics Market - By Vehicle Type
1.3.2 Automotive Power Electronics Market - By Component
1.3.3 Automotive Power Electronics Market - By Application
1.3.4 Automotive Power Electronics Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE POWER ELECTRONICS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTOMOTIVE POWER ELECTRONICS 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. AUTOMOTIVE POWER ELECTRONICS MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE POWER ELECTRONICS - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE POWER ELECTRONICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE POWER ELECTRONICS MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
7.1. OVERVIEW
7.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
7.3. BATTERY ELECTRIC VEHICLE
7.3.1. Overview
7.3.2. Battery Electric Vehicle Market Forecast and Analysis
7.4. HYBRID ELECTRIC VEHICLE
7.4.1. Overview
7.4.2. Hybrid Electric Vehicle Market Forecast and Analysis
7.5. PLUG-IN HYBRID VEHICLE
7.5.1. Overview
7.5.2. Plug-in Hybrid Vehicle Market Forecast and Analysis
7.6. FUEL CELL ELECTRIC VEHICLE
7.6.1. Overview
7.6.2. Fuel Cell Electric Vehicle Market Forecast and Analysis
8. AUTOMOTIVE POWER ELECTRONICS MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
8.1. OVERVIEW
8.2. COMPONENT MARKET FORECASTS AND ANALYSIS
8.3. SWITCHED MODE POWER SUPPLY (SMPS)
8.3.1. Overview
8.3.2. Switched Mode Power Supply (SMPS) Market Forecast and Analysis
8.4. DC TO DC CONVERTERS
8.4.1. Overview
8.4.2. DC to DC Converters Market Forecast and Analysis
8.5. TRACTION INVERTER (DC/AC)
8.5.1. Overview
8.5.2. Traction Inverter (DC/AC) Market Forecast and Analysis
8.6. ON-BOARD CHARGER (AC/DC)
8.6.1. Overview
8.6.2. On-board Charger (AC/DC) Market Forecast and Analysis
9. AUTOMOTIVE POWER ELECTRONICS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. POWERTRAIN AND CHASSIS
9.3.1. Overview
9.3.2. Powertrain and Chassis Market Forecast and Analysis
9.4. BODY ELECTRONICS
9.4.1. Overview
9.4.2. Body Electronics Market Forecast and Analysis
9.5. SAFETY AND SECURITY
9.5.1. Overview
9.5.2. Safety and Security Market Forecast and Analysis
9.6. INFOTAINMENT AND TELEMATICS
9.6.1. Overview
9.6.2. Infotainment and Telematics Market Forecast and Analysis
10. AUTOMOTIVE POWER ELECTRONICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Automotive Power Electronics Market Overview
10.1.2 North America Automotive Power Electronics Market Forecasts and Analysis
10.1.3 North America Automotive Power Electronics Market Forecasts and Analysis - By Vehicle Type
10.1.4 North America Automotive Power Electronics Market Forecasts and Analysis - By Component
10.1.5 North America Automotive Power Electronics Market Forecasts and Analysis - By Application
10.1.6 North America Automotive Power Electronics Market Forecasts and Analysis - By Countries
10.1.6.1 United States Automotive Power Electronics Market
10.1.6.1.1 United States Automotive Power Electronics Market by Vehicle Type
10.1.6.1.2 United States Automotive Power Electronics Market by Component
10.1.6.1.3 United States Automotive Power Electronics Market by Application
10.1.6.2 Canada Automotive Power Electronics Market
10.1.6.2.1 Canada Automotive Power Electronics Market by Vehicle Type
10.1.6.2.2 Canada Automotive Power Electronics Market by Component
10.1.6.2.3 Canada Automotive Power Electronics Market by Application
10.1.6.3 Mexico Automotive Power Electronics Market
10.1.6.3.1 Mexico Automotive Power Electronics Market by Vehicle Type
10.1.6.3.2 Mexico Automotive Power Electronics Market by Component
10.1.6.3.3 Mexico Automotive Power Electronics Market by Application
10.2. EUROPE
10.2.1 Europe Automotive Power Electronics Market Overview
10.2.2 Europe Automotive Power Electronics Market Forecasts and Analysis
10.2.3 Europe Automotive Power Electronics Market Forecasts and Analysis - By Vehicle Type
10.2.4 Europe Automotive Power Electronics Market Forecasts and Analysis - By Component
10.2.5 Europe Automotive Power Electronics Market Forecasts and Analysis - By Application
10.2.6 Europe Automotive Power Electronics Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Automotive Power Electronics Market
10.2.6.1.1 Germany Automotive Power Electronics Market by Vehicle Type
10.2.6.1.2 Germany Automotive Power Electronics Market by Component
10.2.6.1.3 Germany Automotive Power Electronics Market by Application
10.2.6.2 France Automotive Power Electronics Market
10.2.6.2.1 France Automotive Power Electronics Market by Vehicle Type
10.2.6.2.2 France Automotive Power Electronics Market by Component
10.2.6.2.3 France Automotive Power Electronics Market by Application
10.2.6.3 Italy Automotive Power Electronics Market
10.2.6.3.1 Italy Automotive Power Electronics Market by Vehicle Type
10.2.6.3.2 Italy Automotive Power Electronics Market by Component
10.2.6.3.3 Italy Automotive Power Electronics Market by Application
10.2.6.4 Spain Automotive Power Electronics Market
10.2.6.4.1 Spain Automotive Power Electronics Market by Vehicle Type
10.2.6.4.2 Spain Automotive Power Electronics Market by Component
10.2.6.4.3 Spain Automotive Power Electronics Market by Application
10.2.6.5 United Kingdom Automotive Power Electronics Market
10.2.6.5.1 United Kingdom Automotive Power Electronics Market by Vehicle Type
10.2.6.5.2 United Kingdom Automotive Power Electronics Market by Component
10.2.6.5.3 United Kingdom Automotive Power Electronics Market by Application
10.2.6.6 Russia Automotive Power Electronics Market
10.2.6.6.1 Russia Automotive Power Electronics Market by Vehicle Type
10.2.6.6.2 Russia Automotive Power Electronics Market by Component
10.2.6.6.3 Russia Automotive Power Electronics Market by Application
10.2.6.7 Rest of Europe Automotive Power Electronics Market
10.2.6.7.1 Rest of Europe Automotive Power Electronics Market by Vehicle Type
10.2.6.7.2 Rest of Europe Automotive Power Electronics Market by Component
10.2.6.7.3 Rest of Europe Automotive Power Electronics Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Automotive Power Electronics Market Overview
10.3.2 Asia-Pacific Automotive Power Electronics Market Forecasts and Analysis
10.3.3 Asia-Pacific Automotive Power Electronics Market Forecasts and Analysis - By Vehicle Type
10.3.4 Asia-Pacific Automotive Power Electronics Market Forecasts and Analysis - By Component
10.3.5 Asia-Pacific Automotive Power Electronics Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Automotive Power Electronics Market Forecasts and Analysis - By Countries
10.3.6.1 China Automotive Power Electronics Market
10.3.6.1.1 China Automotive Power Electronics Market by Vehicle Type
10.3.6.1.2 China Automotive Power Electronics Market by Component
10.3.6.1.3 China Automotive Power Electronics Market by Application
10.3.6.2 India Automotive Power Electronics Market
10.3.6.2.1 India Automotive Power Electronics Market by Vehicle Type
10.3.6.2.2 India Automotive Power Electronics Market by Component
10.3.6.2.3 India Automotive Power Electronics Market by Application
10.3.6.3 Japan Automotive Power Electronics Market
10.3.6.3.1 Japan Automotive Power Electronics Market by Vehicle Type
10.3.6.3.2 Japan Automotive Power Electronics Market by Component
10.3.6.3.3 Japan Automotive Power Electronics Market by Application
10.3.6.4 South Korea Automotive Power Electronics Market
10.3.6.4.1 South Korea Automotive Power Electronics Market by Vehicle Type
10.3.6.4.2 South Korea Automotive Power Electronics Market by Component
10.3.6.4.3 South Korea Automotive Power Electronics Market by Application
10.3.6.5 Rest of Asia-Pacific Automotive Power Electronics Market
10.3.6.5.1 Rest of Asia-Pacific Automotive Power Electronics Market by Vehicle Type
10.3.6.5.2 Rest of Asia-Pacific Automotive Power Electronics Market by Component
10.3.6.5.3 Rest of Asia-Pacific Automotive Power Electronics Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Automotive Power Electronics Market Overview
10.4.2 Middle East and Africa Automotive Power Electronics Market Forecasts and Analysis
10.4.3 Middle East and Africa Automotive Power Electronics Market Forecasts and Analysis - By Vehicle Type
10.4.4 Middle East and Africa Automotive Power Electronics Market Forecasts and Analysis - By Component
10.4.5 Middle East and Africa Automotive Power Electronics Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Automotive Power Electronics Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Automotive Power Electronics Market
10.4.6.1.1 South Africa Automotive Power Electronics Market by Vehicle Type
10.4.6.1.2 South Africa Automotive Power Electronics Market by Component
10.4.6.1.3 South Africa Automotive Power Electronics Market by Application
10.4.6.2 Rest of Middle East and Africa Automotive Power Electronics Market
10.4.6.2.1 Rest of Middle East and Africa Automotive Power Electronics Market by Vehicle Type
10.4.6.2.2 Rest of Middle East and Africa Automotive Power Electronics Market by Component
10.4.6.2.3 Rest of Middle East and Africa Automotive Power Electronics Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Automotive Power Electronics Market Overview
10.5.2 South and Central America Automotive Power Electronics Market Forecasts and Analysis
10.5.3 South and Central America Automotive Power Electronics Market Forecasts and Analysis - By Vehicle Type
10.5.4 South and Central America Automotive Power Electronics Market Forecasts and Analysis - By Component
10.5.5 South and Central America Automotive Power Electronics Market Forecasts and Analysis - By Application
10.5.6 South and Central America Automotive Power Electronics Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Automotive Power Electronics Market
10.5.6.1.1 Brazil Automotive Power Electronics Market by Vehicle Type
10.5.6.1.2 Brazil Automotive Power Electronics Market by Component
10.5.6.1.3 Brazil Automotive Power Electronics Market by Application
10.5.6.2 Argentina Automotive Power Electronics Market
10.5.6.2.1 Argentina Automotive Power Electronics Market by Vehicle Type
10.5.6.2.2 Argentina Automotive Power Electronics Market by Component
10.5.6.2.3 Argentina Automotive Power Electronics Market by Application
10.5.6.3 Rest of South and Central America Automotive Power Electronics Market
10.5.6.3.1 Rest of South and Central America Automotive Power Electronics Market by Vehicle Type
10.5.6.3.2 Rest of South and Central America Automotive Power Electronics Market by Component
10.5.6.3.3 Rest of South and Central America Automotive Power Electronics Market by Application
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. AUTOMOTIVE POWER ELECTRONICS MARKET, KEY COMPANY PROFILES
12.1. DANFOSS GROUP
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. INFINEON TECHNOLOGIES AG
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. MITSUBISHI ELECTRIC CORPORATION
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. NXP SEMICONDUCTORS
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. RENESAS ELECTRONICS CORPORATION
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. ROBERT BOSCH GMBH
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. ROHM 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. TEXAS INSTRUMENTS INCORPORATED
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. TOSHIBA CORPORATION
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. VISHAY INTERTECHNOLOGY INC
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. Danfoss Group
2. Infineon Technologies AG
3. Mitsubishi Electric Corporation
4. NXP Semiconductors
5. Renesas Electronics Corporation
6. Robert Bosch GmbH
7. Rohm Co., Ltd.
8. Texas Instruments Incorporated
9. Toshiba Corporation
10. Vishay Intertechnology 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.
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