Collision Avoidance & Object Detection Maritime Market Size 2028

Collision Avoidance and Object Detection Maritime Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (LiDAR, Computer Vision, Radar, and Others), Application (Blind Spot Detection, Night Vision, and Others), and End User (Unmanned Surface Vehicle, Ships, and Autonomous Underwater Vehicle)

Publication Month : Nov 2022

  • Report Code : TIPRE00029764
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 169
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The collision avoidance and object detection maritime market is projected to reach US$ 450.61 million in 2022; it is expected to grow at a CAGR of 8.2% during 2022-2028.

The rising number of ships, cruises, and yachts is boosting the growth of the collision avoidance and object detection maritime market. Autonomous navigation technologies, including path planning, guidance and control, obstacle detection, and mapping, play an essential role in the safety of unmanned surface vehicles (USVs). The automatic detection of surrounding objects and estimation of their motion are key aspects in the marine industry, and since such systems operate in harsh environmental conditions, reliable and robust performance is necessitated. Information on surrounding vessels can be obtained using navigational aid systems enabled with the LiDAR and SONAR technologies, among others. The International Regulations for Preventing Collisions at Sea (COLREGs) adopted by the International Maritime Organization (IMO) control the design and operation of collision avoidance systems. The use of cameras and LiDAR sensors for the target motion analysis of close‐range obstacles in marine environments is growing rapidly with advancements in optical sensor technology. Further, developments in AI and deep learning are expected to offer lucrative growth opportunities for the collision avoidance and object detection maritime market size during the forecast period.

A rise in the demand for expedition cruises for exhilarating adventures, and cultural and wildlife-spotting outings in watersport activities is a key trend bolstering the demand for safety features in water vehicles, which is triggering the collision avoidance and object detection maritime market size. The increase in disposable income and rising trend for adopting luxurious lifestyle are the key factors promoting the demand for expedition cruises.

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Collision Avoidance and Object Detection Maritime Market: Strategic Insights

collision-avoidance-and-object-detection-maritime-market
Market Size Value inUS$ 450.61 Million in 2022
Market Size Value byUS$ 722.09 Million by 2028
Growth rateCAGR of 8.2% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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Impact of COVID-19 Pandemic on Collision Avoidance and Object Detection Maritime Market Growth

 

In 2020, many electronics and semiconductor manufacturers in the US operated with a limited workforce or temporarily stopped their production due to strict government regulations. This adversely affected the supply chain and the import & export of semiconductor chips and electronic products. Supply chains of collision avoidance and object detection solutions include equipment such as LiDAR systems, cameras, imaging systems, and radar systems. Containers on the west coast of North America were stuck on ships in 2020. Although the containers were finally delivered and emptied later in that year, their return to China was hindered by a slowdown in marine transport across the intermodal network. Owing to such disruptions, semiconductor manufacturers were unable to meet their delivery timelines, which also led to the decreased production of collision avoidance and object detection solutions.

Lucrative Regions for Collision Avoidance and Object Detection Maritime Market

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Market Insights – Collision Avoidance and Object Detection Maritime Market

The autonomous systems use sensor data for object detection, obstacle avoidance, mapping, localization, and other tasks. Autonomous navigation systems are also used for sensor fusion and testing for high-performance applications using multi-sensor systems, including global navigation satellite system, inertial sensors, odometers, magnetometers, radars, LiDAR, cameras, barometers, maps, infrared, and ultrasound sensors. Also, the rise in adoption of autonomous ship navigation for commercialization purpose is further bolstering the collision avoidance and object detection maritime market growth. With the advancement of optical sensor technology, the use of cameras and lidar sensors for target motion analysis of close‐range obstacles in marine environments is growing rapidly. Furthermore, the increasing integration of AI and deep learning is expected to offer lucrative growth opportunities for the collision avoidance and object detection maritime market over the forecast period.

End User-Based Insights

On the basis of end user, the collision avoidance and object detection maritime market is categorized unmanned surface vehicles, ships, autonomous underwater vehicles, and others. The ships segment accounted for the largest share of the market in 2021. This segment includes all those types of vessels that are not USVs or AUVs. The autonomous underwater vehicles segment is expected to register the fastest CAGR during the forecast period. Unmanned surface vehicles are used for a wide range of military and commercial applications. The Automatic Identification System (AIS), an object detection system network, makes it possible to collect a large volume of maritime traffic data and evaluate the collision avoidance ability of real-world ships.

The collision avoidance and object detection maritime market is analyzed on the basis of technology, application and end user. Based on technology, the market is segmented into LiDAR, computer vision, radar, and others. Based on application, the market is segmented into blind spot detection, night vision, and others. Based on end user, the market is segmented into unmanned surface vehicles, ships, and autonomous underwater vehicles.

Benewake (Beijing) Co., Ltd.; Furono Electric Co., Ltd.; Garmin Ltd.; Orlaco Products BV; Raytheon Anschutz GmbH; Robopec SAS; Sea Machines Robotics, Inc.; Teledyne FLIR LLC; Terma A/S; and Velodyne Lidar, Inc. are key collision avoidance and object detection maritime market players.

Collision avoidance and object detection maritime market players are utilizing several strategies to focus on growth.

  • In September 2022, Benewake launched the LIDAR device named TF-LC02. It is offered for the cost of US$ 9.9 and is ideal for various applications due to small size, high performance and accuracy, and low error. The TF-LCO2 is a LiDAR distance module with a built-in time-to-digital converter (TDC) circuit and a high-precision ToF sensor. It can be used to make various electronic devices, including floor sweepers, robots, unmanned aerial vehicles, and smart home products.
  • In December 2020, NYK Group companies MTI Co., Ltd. and Japan Marine Science Inc. (JMS) conducted the demonstration of collision avoidance navigation using artificial intelligence (AI) in Osaka Bay as part of a research program to develop navigation support for domestic vessels by using AI as a core technology.
Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

Technology, Application, and End User

Regional Scope
Regional Scope

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

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is the estimated global market size for the collision avoidance and object detection maritime market in 2022?

The estimated market size for the collision avoidance and object detection maritime market is US$ 450.61 million in 2022.

What are the driving factors impacting the global collision avoidance and object detection maritime market?

Rising number of ships & boats and increasing research on autonomous navigation systems are the key factors driving the collision avoidance and object detection maritime market over the forecast period.

What are the future trends of the collision avoidance and object detection maritime market?

Rapid development of AI and ML enabled navigation systems and rising popularity of expedition cruises are the key trending factors driving the market growth.

Which are the key players holding the major market share of collision avoidance and object detection maritime market?

The key companies operating in the collision avoidance and object detection maritime market that are profiled in the report Raytheon Anschutz GmbH; Teledyne FLIR LLC; Furono Electric Co., Ltd.; Garmin Ltd.; and Terma A/S.

Which is the fastest growing regional market?

Asia Pacific region is the fastest growing regional collision avoidance and object detection maritime market.

Which countries are registering a high growth rate during the forecast period?

China, South Korea, and UK are the prominent countries which are expected to register high growth rates, during the forecast period.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Collision Avoidance and Object Detection Maritime Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 Asia Pacific

4.2.4 Middle East & Africa

4.2.5 South America

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Collision Avoidance and Object Detection Maritime Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Rising Number of Ships and Boats

5.1.2 Increasing Research on Autonomous Navigation Systems

5.2 Market Restraints

5.2.1 Integration with Legacy Systems

5.3 Market Opportunities

5.3.1 Rising Demand for Personal Yachts and Recreational Boats

5.3.2 Growing Research on Military Applications of Unmanned Surface Vehicles and Autonomous Underwater Vehicles

5.4 Key Market Trends

5.4.1 Rapid Development of AI and ML Enabled Navigation Systems

5.4.2 Rising Popularity of Expedition Cruises

5.5 Impact Analysis of Drivers and Restraints

6. Collision Avoidance and Object Detection Maritime Market – Global Market Analysis

6.1 Collision Avoidance and Object Detection Maritime Market Overview

6.2 Collision Avoidance and Object Detection Maritime Market Forecast and Analysis

6.3 Market Positioning – Global Key Players

7. Collision Avoidance and Object Detection Maritime Market Analysis – By Technology

7.1 Overview

7.2 Collision Avoidance and Object Detection Maritime Market, By Technology (2021 And 2028)

7.3 LiDAR

7.3.1 Overview

7.3.2 LiDAR: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)

7.4 Computer Vision

7.4.1 Overview

7.4.2 Computer Vision: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)

7.5 Radar

7.5.1 Overview

7.5.2 Radar: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)

8. Global Collision Avoidance and Object Detection Maritime Market Analysis – By Application

8.1 Overview

8.2 Collision Avoidance and Object Detection Maritime Market, By Application (2021 And 2028)

8.3 Blind Spot Detection

8.3.1 Overview

8.3.2 Blind Spot Detection: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)

8.4 Night Vision

8.4.1 Overview

8.4.2 Night Vision: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)

8.5 Others

8.5.1 Overview

8.5.2 Others: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)

9. Global Collision Avoidance and Object Detection Maritime Market Analysis – By End user

9.1 Overview

9.2 Collision Avoidance and Object Detection Maritime Market, By End user (2021 and 2028)

9.3 Unmanned Surface Vehicle

9.3.1 Overview

9.3.2 Unmanned Surface Vehicle: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)

9.4 Ships

9.4.1 Overview

9.4.2 Ships: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)

9.5 Autonomous Underwater Vehicle (AUV)

9.5.1 Overview

9.5.2 Autonomous Underwater Vehicle (AUV): Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)

10. Collision Avoidance and Object Detection Maritime Market – Geographic Analysis

10.1 Overview

10.2 North America: Collision Avoidance and Object Detection Maritime Market

10.2.1 North America: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.2.2 North America: Collision Avoidance and Object Detection Maritime Market, by Technology

10.2.3 North America: Collision Avoidance and Object Detection Maritime Market, by Application

10.2.4 North America: Collision Avoidance and Object Detection Maritime Market, by End User

10.2.5 North America: Collision Avoidance and Object Detection Maritime Market, by Key Country

10.2.5.1 US: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.2.5.1.1 US: Collision Avoidance and Object Detection Maritime Market, by Technology

10.2.5.1.2 US: Collision Avoidance and Object Detection Maritime Market, by Application

10.2.5.1.3 US: Collision Avoidance and Object Detection Maritime Market, by End User

10.2.5.2 Canada: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.2.5.2.1 Canada: Collision Avoidance and Object Detection Maritime Market, by Technology

10.2.5.2.2 Canada: Collision Avoidance and Object Detection Maritime Market, by Application

10.2.5.2.3 Canada: Collision Avoidance and Object Detection Maritime Market, by End User

10.2.5.3 Mexico: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.2.5.3.1 Mexico: Collision Avoidance and Object Detection Maritime Market, by Technology

10.2.5.3.2 Mexico: Collision Avoidance and Object Detection Maritime Market, by Application

10.2.5.3.3 Mexico: Collision Avoidance and Object Detection Maritime Market, by End User

10.3 Europe: Collision Avoidance and Object Detection Maritime Market

10.3.1 Europe: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.3.2 Europe: Collision Avoidance and Object Detection Maritime Market, by Technology

10.3.3 Europe: Collision Avoidance and Object Detection Maritime Market, by Application

10.3.4 Europe: Collision Avoidance and Object Detection Maritime Market, by End User

10.3.5 Europe: Collision Avoidance and Object Detection Maritime Market, by Key Country

10.3.5.1 Germany: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.1.1 Germany: Collision Avoidance and Object Detection Maritime Market, by Technology

10.3.5.1.2 Germany: Collision Avoidance and Object Detection Maritime Market, by Application

10.3.5.1.3 Germany: Collision Avoidance and Object Detection Maritime Market, by End User

10.3.5.2 France: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.2.1 France: Collision Avoidance and Object Detection Maritime Market, by Technology

10.3.5.2.2 France: Collision Avoidance and Object Detection Maritime Market, by Application

10.3.5.2.3 France: Collision Avoidance and Object Detection Maritime Market, by End User

10.3.5.3 Italy: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.3.1 Italy: Collision Avoidance and Object Detection Maritime Market, by Technology

10.3.5.3.2 Italy: Collision Avoidance and Object Detection Maritime Market, by Application

10.3.5.3.3 Italy: Collision Avoidance and Object Detection Maritime Market, by End User

10.3.5.4 UK: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.4.1 UK: Collision Avoidance and Object Detection Maritime Market, by Technology

10.3.5.4.2 UK: Collision Avoidance and Object Detection Maritime Market, by Application

10.3.5.4.3 UK: Collision Avoidance and Object Detection Maritime Market, by End User

10.3.5.5 Russia: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.5.1 Russia: Collision Avoidance and Object Detection Maritime Market, by Technology

10.3.5.5.2 Russia: Collision Avoidance and Object Detection Maritime Market, by Application

10.3.5.5.3 Russia: Collision Avoidance and Object Detection Maritime Market, by End User

10.3.5.6 Rest of Europe: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.6.1 Rest of Europe: Collision Avoidance and Object Detection Maritime Market, by Technology

10.3.5.6.2 Rest of Europe: Collision Avoidance and Object Detection Maritime Market, by Application

10.3.5.6.3 Rest of Europe: Collision Avoidance and Object Detection Maritime Market, by End User

10.4 APAC: Collision Avoidance and Object Detection Maritime Market

10.4.1 APAC: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.4.2 APAC: Collision Avoidance and Object Detection Maritime Market, by Technology

10.4.3 APAC: Collision Avoidance and Object Detection Maritime Market, by Application

10.4.4 APAC: Collision Avoidance and Object Detection Maritime Market, by End User

10.4.5 APAC: Collision Avoidance and Object Detection Maritime Market, by Key Country

10.4.5.1 Australia: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.1.1 Australia: Collision Avoidance and Object Detection Maritime Market, by Technology

10.4.5.1.2 Australia: Collision Avoidance and Object Detection Maritime Market, by Application

10.4.5.1.3 Australia: Collision Avoidance and Object Detection Maritime Market, by End User

10.4.5.2 China: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.2.1 China: Collision Avoidance and Object Detection Maritime Market, by Technology

10.4.5.2.2 China: Collision Avoidance and Object Detection Maritime Market, by Application

10.4.5.2.3 China: Collision Avoidance and Object Detection Maritime Market, by End User

10.4.5.3 India: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.3.1 India: Collision Avoidance and Object Detection Maritime Market, by Technology

10.4.5.3.2 India: Collision Avoidance and Object Detection Maritime Market, by Application

10.4.5.3.3 India: Collision Avoidance and Object Detection Maritime Market, by End User

10.4.5.4 Japan: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.4.1 Japan: Collision Avoidance and Object Detection Maritime Market, by Technology

10.4.5.4.2 Japan: Collision Avoidance and Object Detection Maritime Market, by Application

10.4.5.4.3 Japan: Collision Avoidance and Object Detection Maritime Market, by End User

10.4.5.5 South Korea: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.5.1 South Korea: Collision Avoidance and Object Detection Maritime Market, by Technology

10.4.5.5.2 South Korea: Collision Avoidance and Object Detection Maritime Market, by Application

10.4.5.5.3 South Korea: Collision Avoidance and Object Detection Maritime Market, by End User

10.4.5.6 Rest of Asia Pacific: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.6.1 Rest of Asia Pacific: Collision Avoidance and Object Detection Maritime Market, by Technology

10.4.5.6.2 Rest of Asia Pacific: Collision Avoidance and Object Detection Maritime Market, by Application

10.4.5.6.3 Rest of Asia Pacific: Collision Avoidance and Object Detection Maritime Market, by End User

10.5 Middle East and Africa: Collision Avoidance and Object Detection Maritime Market

10.5.1 Middle East and Africa: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.5.2 Middle East and Africa: Collision Avoidance and Object Detection Maritime Market, by Technology

10.5.3 Middle East and Africa: Collision Avoidance and Object Detection Maritime Market, by Application

10.5.4 Middle East and Africa: Collision Avoidance and Object Detection Maritime Market, by End User

10.5.5 Middle East and Africa: Collision Avoidance and Object Detection Maritime Market, by Key Country

10.5.5.1 South Africa: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.1.1 South Africa: Collision Avoidance and Object Detection Maritime Market, by Technology

10.5.5.1.2 South Africa: Collision Avoidance and Object Detection Maritime Market, by Application

10.5.5.1.3 South Africa: Collision Avoidance and Object Detection Maritime Market, by End User

10.5.5.2 Saudi Arabia: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.2.1 Saudi Arabia: Collision Avoidance and Object Detection Maritime Market, by Technology

10.5.5.2.2 Saudi Arabia: Collision Avoidance and Object Detection Maritime Market, by Application

10.5.5.2.3 Saudi Arabia: Collision Avoidance and Object Detection Maritime Market, by End User

10.5.5.3 UAE: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.3.1 UAE: Collision Avoidance and Object Detection Maritime Market, by Technology

10.5.5.3.2 UAE: Collision Avoidance and Object Detection Maritime Market, by Application

10.5.5.3.3 UAE: Collision Avoidance and Object Detection Maritime Market, by End User

10.5.5.4 Rest of MEA: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.4.1 Rest of MEA: Collision Avoidance and Object Detection Maritime Market, by Technology

10.5.5.4.2 Rest of MEA: Collision Avoidance and Object Detection Maritime Market, by Application

10.5.5.4.3 Rest of MEA: Collision Avoidance and Object Detection Maritime Market, by End User

10.6 South America: Collision Avoidance and Object Detection Maritime Market

10.6.1 South America: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.6.2 South America: Collision Avoidance and Object Detection Maritime Market, by Technology

10.6.3 South America: Collision Avoidance and Object Detection Maritime Market, by Application

10.6.4 South America: Collision Avoidance and Object Detection Maritime Market, by End User

10.6.5 South America: Collision Avoidance and Object Detection Maritime Market, by Key Country

10.6.5.1 Brazil: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.6.5.1.1 Brazil: Collision Avoidance and Object Detection Maritime Market, by Technology

10.6.5.1.2 Brazil: Collision Avoidance and Object Detection Maritime Market, by Application

10.6.5.1.3 Brazil: Collision Avoidance and Object Detection Maritime Market, by End User

10.6.5.2 Argentina: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.6.5.2.1 Argentina: Collision Avoidance and Object Detection Maritime Market, by Technology

10.6.5.2.2 Argentina: Collision Avoidance and Object Detection Maritime Market, by Application

10.6.5.2.3 Argentina: Collision Avoidance and Object Detection Maritime Market, by End User

10.6.5.3 Rest of South America: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.6.5.3.1 Rest of South America: Collision Avoidance and Object Detection Maritime Market, by Technology

10.6.5.3.2 Rest of South America: Collision Avoidance and Object Detection Maritime Market, by Application

10.6.5.3.3 Rest of South America: Collision Avoidance and Object Detection Maritime Market, by End User

11. Collision Avoidance and Object Detection Maritime Market – COVID-19 Impact Analysis

11.1 Overview

11.2 North America: Impact Assessment of COVID-19 Pandemic

11.3 Europe: Impact Assessment of COVID-19 Pandemic

11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic

11.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic

11.6 South America: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Product Development

12.4 Merger and Acquisition

13. Company Profiles

13.1 Benewake (Beijing) Co Ltd

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 Orlaco Products BV

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 Raytheon Anschutz 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 Garmin 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 Sea Machines Robotics Inc

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 Robopec SAS

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 Velodyne Lidar Inc

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 Terma AS

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 Teledyne FLIR LLC

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 Furuno Electric Co Ltd

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 Word Index

LIST OF TABLES

Table 1. Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. North America: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 3. North America: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 4. North America: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 5. North America: Collision Avoidance and Object Detection Maritime Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 6. US: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 7. US: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 8. US: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 9. Canada: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 10. Canada: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 11. Canada: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 12. Mexico: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 13. Mexico: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 14. Mexico: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 15. Europe: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 16. Europe: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 17. Europe: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 18. Europe: Collision Avoidance and Object Detection Maritime Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 19. Germany: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 20. Germany: Collision Avoidance and Object Detection Maritime Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 21. Germany: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 22. France: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 23. France: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 24. France: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 25. Italy: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 26. Italy: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 27. Italy: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 28. UK: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 29. UK: Collision Avoidance and Object Detection Maritime Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 30. UK: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 31. Russia: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 32. Russia: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 33. Russia: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 34. Rest of Europe: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 35. Rest of Europe: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 36. Rest of Europe: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 37. APAC: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 38. APAC: Collision Avoidance and Object Detection Maritime Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 39. APAC: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 40. APAC: Collision Avoidance and Object Detection Maritime Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 41. Australia: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 42. Australia: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 43. Australia: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 44. China: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 45. China: Collision Avoidance and Object Detection Maritime Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 46. China: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 47. India: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 48. India: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 49. India: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 50. Japan: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 51. Japan: Collision Avoidance and Object Detection Maritime Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 52. Japan: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 53. South Korea: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 54. South Korea: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 55. South Korea: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 56. Rest of Asia Pacific: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 57. Rest of Asia Pacific: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 58. Rest of Asia Pacific: Collision Avoidance and Object Detection Maritime Market, by End User– Revenue and Forecast to 2028 (US$ Million)

Table 59. Middle East and Africa: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 60. Middle East and Africa: Collision Avoidance and Object Detection Maritime Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 61. Middle East and Africa: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 62. Middle East and Africa: Collision Avoidance and Object Detection Maritime Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 63. South Africa: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 64. South Africa: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 65. South Africa: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 66. Saudi Arabia: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 67. Saudi Arabia: Collision Avoidance and Object Detection Maritime Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 68. Saudi Arabia: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 69. UAE: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 70. UAE: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 71. UAE: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 72. Rest of MEA: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 73. Rest of MEA: Collision Avoidance and Object Detection Maritime Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 74. Rest of MEA: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 75. South America: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 76. South America: Collision Avoidance and Object Detection Maritime Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 77. South America: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 78. South America: Collision Avoidance and Object Detection Maritime Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 79. Brazil: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 80. Brazil: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 81. Brazil: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 82. Argentina: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 83. Argentina: Collision Avoidance and Object Detection Maritime Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 84. Argentina: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 85. Rest of South America: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 86. Rest of South America: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 87. Rest of South America: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 88. List of Abbreviation

LIST OF FIGURES

Figure 1. Collision Avoidance and Object Detection Maritime Market Segmentation

Figure 2. Collision Avoidance and Object Detection Maritime Market Segmentation – By Geography

Figure 3. Global Collision Avoidance and Object Detection Maritime Market Overview

Figure 4. Front Segment held the Largest Share of Collision Avoidance and Object Detection Maritime Market

Figure 5. 3-point Segment held the Largest Share of Collision Avoidance and Object Detection Maritime Market

Figure 6. Passenger Cars Segment held the Largest Share of Collision Avoidance and Object Detection Maritime Market

Figure 7. Asia Pacific to Show Great Traction During Forecast Period

Figure 8. North America– PEST Analysis

Figure 9. Europe – PEST Analysis

Figure 10. Asia Pacific– PEST Analysis

Figure 11. Middle East & Africa – PEST Analysis

Figure 12. South America – PEST Analysis

Figure 13. Expert Opinion

Figure 14. Collision Avoidance and Object Detection Maritime Market: Impact Analysis of Drivers and Restraints

Figure 15. Collision Avoidance and Object Detection Maritime Market – Geographic Analysis

Figure 16. Collision Avoidance and Object Detection Maritime Market Forecast and Analysis (US$ Million)

Figure 17. Collision Avoidance and Object Detection Maritime Market, By Technology (2021 and 2028)

Figure 18. LiDAR: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Figure 19. Computer Vision: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Figure 20. Radar: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Figure 21. Others: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Figure 22. Collision Avoidance and Object Detection Maritime Market, By Application (2021 and 2028)

Figure 23. Blind Spot Detection: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Figure 24. Night Vision: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Figure 25. Others: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Figure 26. Collision Avoidance and Object Detection Maritime Market, By End user (2021 and 2028)

Figure 27. Unmanned Surface Vehicle: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Figure 28. Ships: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Figure 29. Autonomous Underwater Vehicle (AUV): Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Figure 30. Global Collision Avoidance and Object Detection Maritime Market Revenue Share, By Region (2021 & 2028)

Figure 31. North America: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. North America: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Technology (2021 & 2028)

Figure 33. North America: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Application (2021 & 2028)

Figure 34. North America: Collision Avoidance and Object Detection Maritime Market Revenue Share, by End User (2021 & 2028)

Figure 35. North America: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Key Country (2021 & 2028)

Figure 36. US: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. Canada: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38. Mexico: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 39. Europe: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 40. Europe: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Technology (2021 & 2028)

Figure 41. Europe: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Application (2021 & 2028)

Figure 42. Europe: Collision Avoidance and Object Detection Maritime Market Revenue Share, by End User (2021 & 2028)

Figure 43. Europe: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Key Country (2021 & 2028)

Figure 44. Germany: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 45. France: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 46. Italy: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 47. UK: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 48. Russia: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 49. Rest of Europe: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 50. APAC: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 51. APAC: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Technology (2021 & 2028)

Figure 52. APAC: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Application (2021 & 2028)

Figure 53. APAC: Collision Avoidance and Object Detection Maritime Market Revenue Share, by End User (2021 & 2028)

Figure 54. APAC: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Key Country (2021 & 2028)

Figure 55. Australia: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 56. China: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 57. India: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 58. Japan: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 59. South Korea: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 60. Rest of Asia Pacific: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 61. Middle East and Africa: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 62. Middle East and Africa: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Technology (2021 & 2028)

Figure 63. Middle East and Africa: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Application (2021 & 2028)

Figure 64. Middle East and Africa: Collision Avoidance and Object Detection Maritime Market Revenue Share, by End User (2021 & 2028)

Figure 65. Middle East and Africa: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Key Country (2021 & 2028)

Figure 66. South Africa: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 67. Saudi Arabia: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 68. UAE: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 69. Rest of MEA: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 70. South America: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 71. South America: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Technology (2021 & 2028)

Figure 72. South America: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Application (2021 & 2028)

Figure 73. South America: Collision Avoidance and Object Detection Maritime Market Revenue Share, by End User (2021 & 2028)

Figure 74. South America: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Key Country (2021 & 2028)

Figure 75. Brazil: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 76. Argentina: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 77. Rest of South America: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 78. Impact of COVID-19 Pandemic in North America Country Markets

Figure 79. Impact of COVID-19 Pandemic in Europe Country Markets

Figure 80. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 81. Impact of COVID-19 Pandemic in MEA Country Markets

Figure 82. Impact of COVID-19 Pandemic in South America Country Markets

The List of Companies - Collision Avoidance and Object Detection Maritime Market

  1. Benewake (Beijing) Co Ltd
  2. Orlaco Products BV
  3. Raytheon Anschutz GmbH
  4. Garmin Ltd
  5. Sea Machines Robotics Inc
  6. Robopec SAS
  7. Velodyne Lidar Inc
  8. Terma A/S
  9. Teledyne FLIR LLC
  10. Furuno Electric 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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