Bulk Acoustic Wave Resonators Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Bulk Acoustic Wave Resonators Market covers analysis By Material Type (Aluminum Nitride (AlN), Zinc Oxide (ZnO), Cadmium Sulfide (CdS)); End-Use Industry (Aerospace and Defense, Consumer Electronics, Telecommunication, Automotive, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00022382
  • Category : Electronics and Semiconductor
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

Bulk-Acoustic-Wave (BAW) resonators use the vibration of the bulk of the piezoelectric substrate to pick out electric signals in a specific frequency range. Bulk acoustic wave resonators are electromechanical devices that provide frequency modulation, selection, and signal processing capabilities in a wide range of radio frequency applications. A first electrode is induced over a substrate, a piezoelectric layer is disposed over the first electrode, and a second electrode is disposed over the first piezoelectric layer in a bulk acoustic wave (BAW) resonator.

MARKET DYNAMICS

Low loss, small form factor, and high performance with high selectivity are the main factors driving the growth of the bulk acoustic wave resonators market. Other advantages of bulk acoustic wave resonators include improved power handling and linearity of the unit volume due to the elimination of planer chip area consumption. It also allows for very large-scale integration, allowing for multi-frequency and multi-band filters to be integrated on a single chip.

MARKET SCOPE

The "Global Bulk Acoustic Wave Resonators Market Analysis To 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The bulk acoustic wave resonators market report aims to provide an overview of the bulk acoustic wave resonators market with detailed market segmentation by material type, end-use industry, and geography. The global bulk acoustic wave resonators market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bulk acoustic wave resonators market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global bulk acoustic wave resonators market is segmented based on material type, end-use industry. Based on material type, the bulk acoustic wave resonators market is segmented into Aluminum Nitride (AlN), Zinc Oxide (ZnO), and Cadmium Sulfide (CdS). Based on end-use industry, the bulk acoustic wave resonators market is segmented into Aerospace and Defense, Consumer Electronics, Telecommunication, Automotive, Others.

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 bulk acoustic wave resonators market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The bulk acoustic wave resonators 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 bulk acoustic wave resonators market from both demand and supply side and further evaluates market dynamics affecting 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& Central America after evaluating political, economic, social and technological factors affecting the bulk acoustic wave resonators market in these regions.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global bulk acoustic wave resonators market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The bulk acoustic wave resonators 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 bulk acoustic wave resonators market from both demand and supply side and further evaluates market dynamics affecting 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& Central America after evaluating political, economic, social and technological factors affecting the bulk acoustic wave resonators market in these regions.

MARKET PLAYERS

The reports cover key developments in the bulk acoustic wave resonators 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 the expansion of business and customer base of market players. The market players from bulk acoustic wave resonators market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the bulk acoustic wave resonators market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the bulk acoustic wave resonators 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.

  •   Teledyne Defense Electronics
  •   Infineon Technologies AG
  •   Broadcom
  •   Qorvo, Inc
  •   API Technologies (UK) Limited
  •   Skyworks Solutions, Inc.
  •   AKOUSTIS
  •   Murata Manufacturing Co., Ltd
  •   Panasonic Corporation
  •   Ecos Solution Co.,Ltd.

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
Report Coverage

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

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Bulk Acoustic Wave Resonators Market - By Material Type
1.3.2 Bulk Acoustic Wave Resonators Market - By End-Use Industry
1.3.3 Bulk Acoustic Wave Resonators Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. BULK ACOUSTIC WAVE RESONATORS 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. BULK ACOUSTIC WAVE RESONATORS 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. BULK ACOUSTIC WAVE RESONATORS MARKET - GLOBAL MARKET ANALYSIS
6.1. BULK ACOUSTIC WAVE RESONATORS - GLOBAL MARKET OVERVIEW
6.2. BULK ACOUSTIC WAVE RESONATORS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. BULK ACOUSTIC WAVE RESONATORS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL TYPE
7.1. OVERVIEW
7.2. MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
7.3. ALUMINUM NITRIDE (ALN)
7.3.1. Overview
7.3.2. Aluminum Nitride (AlN) Market Forecast and Analysis
7.4. ZINC OXIDE (ZNO)
7.4.1. Overview
7.4.2. Zinc Oxide (ZnO) Market Forecast and Analysis
7.5. CADMIUM SULFIDE (CDS)
7.5.1. Overview
7.5.2. Cadmium Sulfide (CdS) Market Forecast and Analysis
8. BULK ACOUSTIC WAVE RESONATORS MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. AEROSPACE AND DEFENSE
8.3.1. Overview
8.3.2. Aerospace and Defense Market Forecast and Analysis
8.4. CONSUMER ELECTRONICS
8.4.1. Overview
8.4.2. Consumer Electronics Market Forecast and Analysis
8.5. TELECOMMUNICATION
8.5.1. Overview
8.5.2. Telecommunication Market Forecast and Analysis
8.6. AUTOMOTIVE
8.6.1. Overview
8.6.2. Automotive Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis

9. BULK ACOUSTIC WAVE RESONATORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Bulk Acoustic Wave Resonators Market Overview
9.1.2 North America Bulk Acoustic Wave Resonators Market Forecasts and Analysis
9.1.3 North America Bulk Acoustic Wave Resonators Market Forecasts and Analysis - By Material Type
9.1.4 North America Bulk Acoustic Wave Resonators Market Forecasts and Analysis - By End-Use Industry
9.1.5 North America Bulk Acoustic Wave Resonators Market Forecasts and Analysis - By Countries
9.1.5.1 United States Bulk Acoustic Wave Resonators Market
9.1.5.1.1 United States Bulk Acoustic Wave Resonators Market by Material Type
9.1.5.1.2 United States Bulk Acoustic Wave Resonators Market by End-Use Industry
9.1.5.2 Canada Bulk Acoustic Wave Resonators Market
9.1.5.2.1 Canada Bulk Acoustic Wave Resonators Market by Material Type
9.1.5.2.2 Canada Bulk Acoustic Wave Resonators Market by End-Use Industry
9.1.5.3 Mexico Bulk Acoustic Wave Resonators Market
9.1.5.3.1 Mexico Bulk Acoustic Wave Resonators Market by Material Type
9.1.5.3.2 Mexico Bulk Acoustic Wave Resonators Market by End-Use Industry
9.2. EUROPE
9.2.1 Europe Bulk Acoustic Wave Resonators Market Overview
9.2.2 Europe Bulk Acoustic Wave Resonators Market Forecasts and Analysis
9.2.3 Europe Bulk Acoustic Wave Resonators Market Forecasts and Analysis - By Material Type
9.2.4 Europe Bulk Acoustic Wave Resonators Market Forecasts and Analysis - By End-Use Industry
9.2.5 Europe Bulk Acoustic Wave Resonators Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Bulk Acoustic Wave Resonators Market
9.2.5.1.1 Germany Bulk Acoustic Wave Resonators Market by Material Type
9.2.5.1.2 Germany Bulk Acoustic Wave Resonators Market by End-Use Industry
9.2.5.2 France Bulk Acoustic Wave Resonators Market
9.2.5.2.1 France Bulk Acoustic Wave Resonators Market by Material Type
9.2.5.2.2 France Bulk Acoustic Wave Resonators Market by End-Use Industry
9.2.5.3 Italy Bulk Acoustic Wave Resonators Market
9.2.5.3.1 Italy Bulk Acoustic Wave Resonators Market by Material Type
9.2.5.3.2 Italy Bulk Acoustic Wave Resonators Market by End-Use Industry
9.2.5.4 United Kingdom Bulk Acoustic Wave Resonators Market
9.2.5.4.1 United Kingdom Bulk Acoustic Wave Resonators Market by Material Type
9.2.5.4.2 United Kingdom Bulk Acoustic Wave Resonators Market by End-Use Industry
9.2.5.5 Russia Bulk Acoustic Wave Resonators Market
9.2.5.5.1 Russia Bulk Acoustic Wave Resonators Market by Material Type
9.2.5.5.2 Russia Bulk Acoustic Wave Resonators Market by End-Use Industry
9.2.5.6 Rest of Europe Bulk Acoustic Wave Resonators Market
9.2.5.6.1 Rest of Europe Bulk Acoustic Wave Resonators Market by Material Type
9.2.5.6.2 Rest of Europe Bulk Acoustic Wave Resonators Market by End-Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Bulk Acoustic Wave Resonators Market Overview
9.3.2 Asia-Pacific Bulk Acoustic Wave Resonators Market Forecasts and Analysis
9.3.3 Asia-Pacific Bulk Acoustic Wave Resonators Market Forecasts and Analysis - By Material Type
9.3.4 Asia-Pacific Bulk Acoustic Wave Resonators Market Forecasts and Analysis - By End-Use Industry
9.3.5 Asia-Pacific Bulk Acoustic Wave Resonators Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Bulk Acoustic Wave Resonators Market
9.3.5.1.1 Australia Bulk Acoustic Wave Resonators Market by Material Type
9.3.5.1.2 Australia Bulk Acoustic Wave Resonators Market by End-Use Industry
9.3.5.2 China Bulk Acoustic Wave Resonators Market
9.3.5.2.1 China Bulk Acoustic Wave Resonators Market by Material Type
9.3.5.2.2 China Bulk Acoustic Wave Resonators Market by End-Use Industry
9.3.5.3 India Bulk Acoustic Wave Resonators Market
9.3.5.3.1 India Bulk Acoustic Wave Resonators Market by Material Type
9.3.5.3.2 India Bulk Acoustic Wave Resonators Market by End-Use Industry
9.3.5.4 Japan Bulk Acoustic Wave Resonators Market
9.3.5.4.1 Japan Bulk Acoustic Wave Resonators Market by Material Type
9.3.5.4.2 Japan Bulk Acoustic Wave Resonators Market by End-Use Industry
9.3.5.5 South Korea Bulk Acoustic Wave Resonators Market
9.3.5.5.1 South Korea Bulk Acoustic Wave Resonators Market by Material Type
9.3.5.5.2 South Korea Bulk Acoustic Wave Resonators Market by End-Use Industry
9.3.5.6 Rest of Asia-Pacific Bulk Acoustic Wave Resonators Market
9.3.5.6.1 Rest of Asia-Pacific Bulk Acoustic Wave Resonators Market by Material Type
9.3.5.6.2 Rest of Asia-Pacific Bulk Acoustic Wave Resonators Market by End-Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Bulk Acoustic Wave Resonators Market Overview
9.4.2 Middle East and Africa Bulk Acoustic Wave Resonators Market Forecasts and Analysis
9.4.3 Middle East and Africa Bulk Acoustic Wave Resonators Market Forecasts and Analysis - By Material Type
9.4.4 Middle East and Africa Bulk Acoustic Wave Resonators Market Forecasts and Analysis - By End-Use Industry
9.4.5 Middle East and Africa Bulk Acoustic Wave Resonators Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Bulk Acoustic Wave Resonators Market
9.4.5.1.1 South Africa Bulk Acoustic Wave Resonators Market by Material Type
9.4.5.1.2 South Africa Bulk Acoustic Wave Resonators Market by End-Use Industry
9.4.5.2 Saudi Arabia Bulk Acoustic Wave Resonators Market
9.4.5.2.1 Saudi Arabia Bulk Acoustic Wave Resonators Market by Material Type
9.4.5.2.2 Saudi Arabia Bulk Acoustic Wave Resonators Market by End-Use Industry
9.4.5.3 U.A.E Bulk Acoustic Wave Resonators Market
9.4.5.3.1 U.A.E Bulk Acoustic Wave Resonators Market by Material Type
9.4.5.3.2 U.A.E Bulk Acoustic Wave Resonators Market by End-Use Industry
9.4.5.4 Rest of Middle East and Africa Bulk Acoustic Wave Resonators Market
9.4.5.4.1 Rest of Middle East and Africa Bulk Acoustic Wave Resonators Market by Material Type
9.4.5.4.2 Rest of Middle East and Africa Bulk Acoustic Wave Resonators Market by End-Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Bulk Acoustic Wave Resonators Market Overview
9.5.2 South and Central America Bulk Acoustic Wave Resonators Market Forecasts and Analysis
9.5.3 South and Central America Bulk Acoustic Wave Resonators Market Forecasts and Analysis - By Material Type
9.5.4 South and Central America Bulk Acoustic Wave Resonators Market Forecasts and Analysis - By End-Use Industry
9.5.5 South and Central America Bulk Acoustic Wave Resonators Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Bulk Acoustic Wave Resonators Market
9.5.5.1.1 Brazil Bulk Acoustic Wave Resonators Market by Material Type
9.5.5.1.2 Brazil Bulk Acoustic Wave Resonators Market by End-Use Industry
9.5.5.2 Argentina Bulk Acoustic Wave Resonators Market
9.5.5.2.1 Argentina Bulk Acoustic Wave Resonators Market by Material Type
9.5.5.2.2 Argentina Bulk Acoustic Wave Resonators Market by End-Use Industry
9.5.5.3 Rest of South and Central America Bulk Acoustic Wave Resonators Market
9.5.5.3.1 Rest of South and Central America Bulk Acoustic Wave Resonators Market by Material Type
9.5.5.3.2 Rest of South and Central America Bulk Acoustic Wave Resonators Market by End-Use Industry

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. BULK ACOUSTIC WAVE RESONATORS MARKET, KEY COMPANY PROFILES
11.1. TELEDYNE DEFENSE ELECTRONICS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. INFINEON TECHNOLOGIES AG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BROADCOM
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. QORVO, INC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. API TECHNOLOGIES (UK) LIMITED
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SKYWORKS SOLUTIONS, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. AKOUSTIS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MURATA MANUFACTURING CO., LTD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PANASONIC CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ECOS SOLUTION CO.,LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. Teledyne Defense Electronics
2. Infineon Technologies AG
3. Broadcom
4. Qorvo, Inc
5. API Technologies (UK) Limited
6. Skyworks Solutions, Inc.
7. AKOUSTIS
8. Murata Manufacturing Co., Ltd
9. Panasonic Corporation
10. Ecos Solution Co.,Ltd

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

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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