A solenoid in automobiles is utilized as the starter solenoid. The starter solenoid is overhead of the starter motor. It obtains a huge electric current from the automobile battery and a small electric current from the ignition relay. The small current is the control current in response to which the solenoid transmits the electric current from the battery to the starter motor, which leads to the engine getting into motion.
MARKET DYNAMICS
Increasing demand for advanced automation systems, growing demand for fuel-efficient vehicles, and engine downsizing trend are some of the major factors driving the growth of the automotive solenoid market. Moreover, Growing Government Regulations for Fuel-Efficient Vehicles is another factor anticipated to boost the growth of the market.
MARKET SCOPE
The "Global Automotive Solenoid Market Analysis to 2028" is a specialized and in-depth study of the automotive solenoid market with a special focus on the global market trend analysis. The report aims to provide an overview of automotive solenoid market with detailed market segmentation by vehicle type, function, valve design, application. The global automotive solenoid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive solenoid market players and offers key trends and opportunities in the automotive solenoid market.
MARKET SEGMENTATION
The global automotive solenoid market is segmented on the basis of vehicle type, function, valve design, application. On the basis of vehicle type, the market is segmented as passenger vehicle, light commercial vehicle, heavy commercial vehicle. On the basis of function, the market is segmented as fluid control, gas control, motion control. On the basis of valve design, the market is segmented as 2-way valve, 3-way valve, 4-way valve, 5-way valve. On the basis of application, the market is segmented as engine control & cooling system, fuel & emission control, safety and security, body control & interiors, HVAC, other.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive solenoid market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive solenoid market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
`The report analyzes factors affecting automotive solenoid market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive solenoid market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive solenoid market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive solenoid market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
`The report analyzes factors affecting automotive solenoid market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive solenoid market in these regions.
MARKET PLAYERS
The reports cover key developments in the automotive solenoid 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 market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from automotive solenoid market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive solenoid market. Below mentioned is the list of few companies engaged in the automotive solenoid market.
The report also includes the profiles of key automotive solenoid market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- BorgWarner Inc.
- Emerson Electric Co
- GKN Sinter Metals Engineering GmbH
- Hitachi Automotive Systems, Ltd.
- Jaksa d.o.o.
- Johnson Electric Holdings Limited
- Mitsubishi Electric Corporation
- NIDEC TOSOK CORPORATION
- Robert Bosch GmbH
- Stoneridge Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing 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
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
1.3.1Automotive Solenoid Market - By Vehicle Type
1.3.2Automotive Solenoid Market - By Function
1.3.3Automotive Solenoid Market - By Valve Design
1.3.4Automotive Solenoid Market - By Application
1.3.5Automotive Solenoid Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.AUTOMOTIVE SOLENOID MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTEr's FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.AUTOMOTIVE SOLENOID 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 SOLENOID MARKET - GLOBAL MARKET ANALYSIS
6.1.AUTOMOTIVE SOLENOID - GLOBAL MARKET OVERVIEW
6.2.AUTOMOTIVE SOLENOID - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.AUTOMOTIVE SOLENOID MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
7.1.OVERVIEW
7.2.VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
7.3.PASSENGER VEHICLE
7.3.1.Overview
7.3.2.Passenger Vehicle Market Forecast and Analysis
7.4.LIGHT COMMERCIAL VEHICLE
7.4.1.Overview
7.4.2.Light Commercial Vehicle Market Forecast and Analysis
7.5.HEAVY COMMERCIAL VEHICLE
7.5.1.Overview
7.5.2.Heavy Commercial Vehicle Market Forecast and Analysis
8.AUTOMOTIVE SOLENOID MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
8.1.OVERVIEW
8.2.FUNCTION MARKET FORECASTS AND ANALYSIS
8.3.FLUID CONTROL
8.3.1.Overview
8.3.2.Fluid Control Market Forecast and Analysis
8.4.GAS CONTROL
8.4.1.Overview
8.4.2.Gas Control Market Forecast and Analysis
8.5.MOTION CONTROL
8.5.1.Overview
8.5.2.Motion Control Market Forecast and Analysis
9.AUTOMOTIVE SOLENOID MARKET - REVENUE AND FORECASTS TO 2028 - VALVE DESIGN
9.1.OVERVIEW
9.2.VALVE DESIGN MARKET FORECASTS AND ANALYSIS
9.3.2-WAY VALVE
9.3.1.Overview
9.3.2.2-Way Valve Market Forecast and Analysis
9.4.3-WAY VALVE
9.4.1.Overview
9.4.2.3-Way Valve Market Forecast and Analysis
9.5.4-WAY VALVE
9.5.1.Overview
9.5.2.4-Way Valve Market Forecast and Analysis
9.6.5-WAY VALVE
9.6.1.Overview
9.6.2.5-Way Valve Market Forecast and Analysis
10.AUTOMOTIVE SOLENOID MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1.OVERVIEW
10.2.APPLICATION MARKET FORECASTS AND ANALYSIS
10.3.ENGINE CONTROL AND COOLING SYSTEM
10.3.1.Overview
10.3.2.Engine Control and Cooling System Market Forecast and Analysis
10.4.FUEL AND EMISSION CONTROL
10.4.1.Overview
10.4.2.Fuel and Emission Control Market Forecast and Analysis
10.5.SAFETY AND SECURITY
10.5.1.Overview
10.5.2.Safety and Security Market Forecast and Analysis
10.6.BODY CONTROL AND INTERIORS
10.6.1.Overview
10.6.2.Body Control and Interiors Market Forecast and Analysis
10.7.HVAC
10.7.1.Overview
10.7.2.HVAC Market Forecast and Analysis
10.8.OTHER
10.8.1.Overview
10.8.2.Other Market Forecast and Analysis
11.AUTOMOTIVE SOLENOID MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Automotive Solenoid Market Overview
11.1.2North America Automotive Solenoid Market Forecasts and Analysis
11.1.3North America Automotive Solenoid Market Forecasts and Analysis - By Vehicle Type
11.1.4North America Automotive Solenoid Market Forecasts and Analysis - By Function
11.1.5North America Automotive Solenoid Market Forecasts and Analysis - By Valve Design
11.1.6North America Automotive Solenoid Market Forecasts and Analysis - By Application
11.1.7North America Automotive Solenoid Market Forecasts and Analysis - By Countries
11.1.7.1United States Automotive Solenoid Market
11.1.7.1.1United States Automotive Solenoid Market by Vehicle Type
11.1.7.1.2United States Automotive Solenoid Market by Function
11.1.7.1.3United States Automotive Solenoid Market by Valve Design
11.1.7.1.4United States Automotive Solenoid Market by Application
11.1.7.2Canada Automotive Solenoid Market
11.1.7.2.1Canada Automotive Solenoid Market by Vehicle Type
11.1.7.2.2Canada Automotive Solenoid Market by Function
11.1.7.2.3Canada Automotive Solenoid Market by Valve Design
11.1.7.2.4Canada Automotive Solenoid Market by Application
11.1.7.3Mexico Automotive Solenoid Market
11.1.7.3.1Mexico Automotive Solenoid Market by Vehicle Type
11.1.7.3.2Mexico Automotive Solenoid Market by Function
11.1.7.3.3Mexico Automotive Solenoid Market by Valve Design
11.1.7.3.4Mexico Automotive Solenoid Market by Application
11.2.EUROPE
11.2.1Europe Automotive Solenoid Market Overview
11.2.2Europe Automotive Solenoid Market Forecasts and Analysis
11.2.3Europe Automotive Solenoid Market Forecasts and Analysis - By Vehicle Type
11.2.4Europe Automotive Solenoid Market Forecasts and Analysis - By Function
11.2.5Europe Automotive Solenoid Market Forecasts and Analysis - By Valve Design
11.2.6Europe Automotive Solenoid Market Forecasts and Analysis - By Application
11.2.7Europe Automotive Solenoid Market Forecasts and Analysis - By Countries
11.2.7.1Germany Automotive Solenoid Market
11.2.7.1.1Germany Automotive Solenoid Market by Vehicle Type
11.2.7.1.2Germany Automotive Solenoid Market by Function
11.2.7.1.3Germany Automotive Solenoid Market by Valve Design
11.2.7.1.4Germany Automotive Solenoid Market by Application
11.2.7.2France Automotive Solenoid Market
11.2.7.2.1France Automotive Solenoid Market by Vehicle Type
11.2.7.2.2France Automotive Solenoid Market by Function
11.2.7.2.3France Automotive Solenoid Market by Valve Design
11.2.7.2.4France Automotive Solenoid Market by Application
11.2.7.3Italy Automotive Solenoid Market
11.2.7.3.1Italy Automotive Solenoid Market by Vehicle Type
11.2.7.3.2Italy Automotive Solenoid Market by Function
11.2.7.3.3Italy Automotive Solenoid Market by Valve Design
11.2.7.3.4Italy Automotive Solenoid Market by Application
11.2.7.4United Kingdom Automotive Solenoid Market
11.2.7.4.1United Kingdom Automotive Solenoid Market by Vehicle Type
11.2.7.4.2United Kingdom Automotive Solenoid Market by Function
11.2.7.4.3United Kingdom Automotive Solenoid Market by Valve Design
11.2.7.4.4United Kingdom Automotive Solenoid Market by Application
11.2.7.5Russia Automotive Solenoid Market
11.2.7.5.1Russia Automotive Solenoid Market by Vehicle Type
11.2.7.5.2Russia Automotive Solenoid Market by Function
11.2.7.5.3Russia Automotive Solenoid Market by Valve Design
11.2.7.5.4Russia Automotive Solenoid Market by Application
11.2.7.6Rest of Europe Automotive Solenoid Market
11.2.7.6.1Rest of Europe Automotive Solenoid Market by Vehicle Type
11.2.7.6.2Rest of Europe Automotive Solenoid Market by Function
11.2.7.6.3Rest of Europe Automotive Solenoid Market by Valve Design
11.2.7.6.4Rest of Europe Automotive Solenoid Market by Application
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Automotive Solenoid Market Overview
11.3.2Asia-Pacific Automotive Solenoid Market Forecasts and Analysis
11.3.3Asia-Pacific Automotive Solenoid Market Forecasts and Analysis - By Vehicle Type
11.3.4Asia-Pacific Automotive Solenoid Market Forecasts and Analysis - By Function
11.3.5Asia-Pacific Automotive Solenoid Market Forecasts and Analysis - By Valve Design
11.3.6Asia-Pacific Automotive Solenoid Market Forecasts and Analysis - By Application
11.3.7Asia-Pacific Automotive Solenoid Market Forecasts and Analysis - By Countries
11.3.7.1Australia Automotive Solenoid Market
11.3.7.1.1Australia Automotive Solenoid Market by Vehicle Type
11.3.7.1.2Australia Automotive Solenoid Market by Function
11.3.7.1.3Australia Automotive Solenoid Market by Valve Design
11.3.7.1.4Australia Automotive Solenoid Market by Application
11.3.7.2China Automotive Solenoid Market
11.3.7.2.1China Automotive Solenoid Market by Vehicle Type
11.3.7.2.2China Automotive Solenoid Market by Function
11.3.7.2.3China Automotive Solenoid Market by Valve Design
11.3.7.2.4China Automotive Solenoid Market by Application
11.3.7.3India Automotive Solenoid Market
11.3.7.3.1India Automotive Solenoid Market by Vehicle Type
11.3.7.3.2India Automotive Solenoid Market by Function
11.3.7.3.3India Automotive Solenoid Market by Valve Design
11.3.7.3.4India Automotive Solenoid Market by Application
11.3.7.4Japan Automotive Solenoid Market
11.3.7.4.1Japan Automotive Solenoid Market by Vehicle Type
11.3.7.4.2Japan Automotive Solenoid Market by Function
11.3.7.4.3Japan Automotive Solenoid Market by Valve Design
11.3.7.4.4Japan Automotive Solenoid Market by Application
11.3.7.5South Korea Automotive Solenoid Market
11.3.7.5.1South Korea Automotive Solenoid Market by Vehicle Type
11.3.7.5.2South Korea Automotive Solenoid Market by Function
11.3.7.5.3South Korea Automotive Solenoid Market by Valve Design
11.3.7.5.4South Korea Automotive Solenoid Market by Application
11.3.7.6Rest of Asia-Pacific Automotive Solenoid Market
11.3.7.6.1Rest of Asia-Pacific Automotive Solenoid Market by Vehicle Type
11.3.7.6.2Rest of Asia-Pacific Automotive Solenoid Market by Function
11.3.7.6.3Rest of Asia-Pacific Automotive Solenoid Market by Valve Design
11.3.7.6.4Rest of Asia-Pacific Automotive Solenoid Market by Application
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Automotive Solenoid Market Overview
11.4.2Middle East and Africa Automotive Solenoid Market Forecasts and Analysis
11.4.3Middle East and Africa Automotive Solenoid Market Forecasts and Analysis - By Vehicle Type
11.4.4Middle East and Africa Automotive Solenoid Market Forecasts and Analysis - By Function
11.4.5Middle East and Africa Automotive Solenoid Market Forecasts and Analysis - By Valve Design
11.4.6Middle East and Africa Automotive Solenoid Market Forecasts and Analysis - By Application
11.4.7Middle East and Africa Automotive Solenoid Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Automotive Solenoid Market
11.4.7.1.1South Africa Automotive Solenoid Market by Vehicle Type
11.4.7.1.2South Africa Automotive Solenoid Market by Function
11.4.7.1.3South Africa Automotive Solenoid Market by Valve Design
11.4.7.1.4South Africa Automotive Solenoid Market by Application
11.4.7.2Saudi Arabia Automotive Solenoid Market
11.4.7.2.1Saudi Arabia Automotive Solenoid Market by Vehicle Type
11.4.7.2.2Saudi Arabia Automotive Solenoid Market by Function
11.4.7.2.3Saudi Arabia Automotive Solenoid Market by Valve Design
11.4.7.2.4Saudi Arabia Automotive Solenoid Market by Application
11.4.7.3U.A.E Automotive Solenoid Market
11.4.7.3.1U.A.E Automotive Solenoid Market by Vehicle Type
11.4.7.3.2U.A.E Automotive Solenoid Market by Function
11.4.7.3.3U.A.E Automotive Solenoid Market by Valve Design
11.4.7.3.4U.A.E Automotive Solenoid Market by Application
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Automotive Solenoid Market Overview
11.5.2South and Central America Automotive Solenoid Market Forecasts and Analysis
11.5.3South and Central America Automotive Solenoid Market Forecasts and Analysis - By Vehicle Type
11.5.4South and Central America Automotive Solenoid Market Forecasts and Analysis - By Function
11.5.5South and Central America Automotive Solenoid Market Forecasts and Analysis - By Valve Design
11.5.6South and Central America Automotive Solenoid Market Forecasts and Analysis - By Application
11.5.7South and Central America Automotive Solenoid Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Automotive Solenoid Market
11.5.7.1.1Brazil Automotive Solenoid Market by Vehicle Type
11.5.7.1.2Brazil Automotive Solenoid Market by Function
11.5.7.1.3Brazil Automotive Solenoid Market by Valve Design
11.5.7.1.4Brazil Automotive Solenoid Market by Application
11.5.7.2Argentina Automotive Solenoid Market
11.5.7.2.1Argentina Automotive Solenoid Market by Vehicle Type
11.5.7.2.2Argentina Automotive Solenoid Market by Function
11.5.7.2.3Argentina Automotive Solenoid Market by Valve Design
11.5.7.2.4Argentina Automotive Solenoid Market by Application
11.5.7.3Rest of South and Central America Automotive Solenoid Market
11.5.7.3.1Rest of South and Central America Automotive Solenoid Market by Vehicle Type
11.5.7.3.2Rest of South and Central America Automotive Solenoid Market by Function
11.5.7.3.3Rest of South and Central America Automotive Solenoid Market by Valve Design
11.5.7.3.4Rest of South and Central America Automotive Solenoid Market by Application
12.INDUSTRY LANDSCAPE
12.1.MERGERS AND ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13.AUTOMOTIVE SOLENOID MARKET, KEY COMPANY PROFILES
13.1.BORGWARNER INC.
13.1.1.Key Facts
13.1.2.Business Description
13.1.3.Products and Services
13.1.4.Financial Overview
13.1.5.SWOT Analysis
13.1.6.Key Developments
13.2.EMERSON ELECTRIC CO
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.GKN SINTER METALS ENGINEERING GMBH
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.HITACHI AUTOMOTIVE SYSTEMS, LTD.
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.JAKSA D.O.O.
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.JOHNSON ELECTRIC HOLDINGS LIMITED
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.MITSUBISHI ELECTRIC CORPORATIONÂ
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.NIDEC TOSOK CORPORATION
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.ROBERT BOSCH GMBH
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.STONERIDGE INC.
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
1. BorgWarner Inc.
2. Emerson Electric Co
3. GKN Sinter Metals Engineering GmbH
4. Hitachi Automotive Systems, Ltd.
5. Jaksa d.o.o.
6. Johnson Electric Holdings Limited
7. Mitsubishi Electric Corporation
8. NIDEC TOSOK CORPORATION
9. Robert Bosch GmbH
10. Stoneridge 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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Apr 2024
Hydrogen Fuel Cell Train Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Technology (Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cell, and Others), Component (Hydrogen Fuel Cell Pack, Batteries, Electric Traction Motors, and Others), Rail Type (Passenger Rail, Commuter Rail, Light Rail, Trams, Freight, and Others) and Geography
Apr 2024
Automotive High Voltage Cable Market
Forecast to 2030 - Global Analysis by Vehicle Type [Battery Electric Vehicles (BEV), Plugin Hybrid Electric Vehicles (PHEV), and Plugin Hybrid Vehicles (PHV)], Conductor Type (Copper and Aluminum), and Core Type (Multi Core and Single Core)
Apr 2024
40-Ft Electric Boat Market
Forecast to 2030 - Global Analysis by Propulsion (Pure Electric, Hybrid, and Sail Electric), Battery Type (Nickel-Based, Lead-Acid, and Lithium-Ion), Application (Fishing, Recreational, and Others), Voltage Architecture (12 V, 24 V, and 48 V), and Boat Type (Trawlers, Catamarans, Yachts, Power Cruisers, and Others)