Analog-to-digital converter market in Europe is expected to grow from US$ 561.0 Mn in 2018 to US$ 906.5 Mn by the year 2027 with a CAGR of 5.6% from the year 2019 to 2027.
The growing demand for high-resolution content and advancements in the data acquisition arena are the major factors propelling the growth of the analog-to-digital converter market. Moreover, the rising developments in the automotive industry is anticipated to boost the analog-to-digital converter market growth in the near future.
However, high cost and complexities incurred in implementing base stations might have an adverse impact on the future growth of the market. The initial costs incurred in the deployments of 5G networks are presumed to be extremely high. Any better service comes at a higher cost. However, when it comes to data usage through various consumer electronic devices, consumers today are not willing to pay high amounts of tariffs for availing the internet-based services. In one of the used case scenarios of 5G architecture, namely eMBB or enhanced Mobile Broadband service, the core requirement on the consumer side is high-speed internet. This is possible only at higher frequency rates, and thus frequencies above GHz are available for high-speed internet access for consumers. At these frequencies, high-speed access can be achieved; however, the data coverage and the network deployment cost would be extremely high in order to provide such services.
One of the critical requirements of 5G is the need to design open network architectures because they are not constructed using proprietary hardware. Proprietary hardware cannot accommodate scaling up to the necessary extent, are challenging and expensive to maintain, and more resistant to insertion of new technology.
Analog-to-digital converter market by application is classified into industrial, consumer electronics, automotive, healthcare, telecommunication, and others. The analog-to-digital converter market is led by the industrial application in the current scenario. However, telecommunications is projected to lead over the forecast period owing to the massive developments in the 5G infrastructure.
Germany dominated the analog-to-digital converter market in 2018 and is expected to dominate the market with the highest share in the Europe region through the forecast period. Germany is one of the world’s leading producers of vehicles. German companies account for ~70% of the global premium vehicles manufacturing. The country is one of the pioneers in legalizing autonomous vehicles on roads. Increase in the number of driverless cars would widen the deployment of LiDAR systems, thereby driving the integration of ADC in the vehicles. Besides, Deutsche Telekom and Vodafone Germany are laying the foundation for the expected rollout of 5G in Germany by 2020.
In 2018, Telefonica Germany and Nokia completed the project of building “5G Cluster” in Berlin. Such initiatives would assist the telecommunication providers in deploying the large number of 5G base stations in the country, which in turn would lead to the surge in the use of ADC. The figure given below highlights the revenue share of the Rest of Europe in the analog-to-digital converter market in the forecast period:
Rest of Europe Analog-to-Digital Converter Market Revenue and Forecasts to 2027 (US$ Mn)
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EUROPE ANALOG-TO-DIGITAL CONVERTER MARKET SEGMENTATION
By Product Type
- Integrating ADC
- Delta-sigma ADC
- Successive Approximation ADC
- Ramp ADC
- Others
By Resolution
- 8-bit
- 10-bit
- 12-bit
- 14-bit
- 16-bit
- Others
By Application
- Industrial
- Consumer Electronics
- Automotive
- Healthcare
- Telecommunication
- Others
By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Analog-to-digital converter Market - Companies Mentioned
- Asahi Kasei Microdevices Corporation
- Analog Devices Inc.
- Cirrus Logic Inc.
- Maxim Integrated, Inc.
- Microchip Technology Inc.
- ON Semiconductor Corporation
- Rohm Co., Ltd.
- Renesas Electronics Corporation
- Sony Corporation
- Texas Instruments Incorporated
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Resolution, Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Analog-to-Digital Converter Market – By Product Type
1.3.2 Europe Analog-to-Digital Converter Market – By Resolution
1.3.3 Europe Analog-to-Digital Converter Market – By Application
1.3.4 Europe Analog-to-Digital Converter Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Market Landscape
4.1 Market Overview
4.2 PEST Analysis - Europe
4.3 Analog-to-Digital Converter Market – Ecosystem Analysis
4.4 Expert Opinion
5. Analog-to-Digital Converter Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Advancements in the data acquisition arena
5.1.2 Growing demand for high resolution content
5.2 Key Market Restraints
5.2.1 High cost and complexities incurred in implementing base stations
5.3 Key Market Opportunities
5.3.1 Rising developments in the automotive industry
5.4 Future Trends
5.4.1 Growth in the developing countries around the world
5.5 Impact Analysis of Drivers and Restraints
6. Analog-to-Digital Converter Market – Europe Market Analysis
6.1 Overview
6.2 Europe Analog-to-Digital Converter Market Revenue and Forecasts To 2027 (US$ Mn)
7. Europe Analog-to-Digital Converter Market Analysis – By Type
7.1 Overview
7.2 Europe Analog-to-Digital Converter Market Breakdown, By Type, 2018 & 2027
7.3 Integrating ADC
7.3.1 Overview
7.3.2 Europe Integrating ADC Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Delta-Sigma ADC
7.4.1 Overview
7.4.2 Europe Delta-Sigma ADC Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Successive Approximation ADC
7.5.1 Overview
7.5.2 Europe Successive Approximation ADC Market Revenue and Forecasts to 2027 (US$ Mn)
7.6 Ramp ADC
7.6.1 Overview
7.6.2 Europe Ramp ADC Market Revenue and Forecasts to 2027 (US$ Mn)
7.7 Others
7.7.1 Overview
7.7.2 Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
8. Europe Analog-to-Digital Converter Market Analysis – By Resolution
8.1 Overview
8.2 Europe Analog-to-Digital Converter Market Breakdown, By Resolution, 2018 & 2027
8.3 8-bit
8.3.1 Overview
8.3.2 Europe 8-bit Market Revenue and Forecasts to 2027 (US$ Mn)
8.4-bit
8.4.1 Overview
8.4.2 Europe 10-bit Market Revenue and Forecasts to 2027 (US$ Mn)
8.5-bit
8.5.1 Overview
8.5.2 Europe 12-bit Market Revenue and Forecasts to 2027 (US$ Mn)
8.6-bit
8.6.1 Overview
8.6.2 Europe 14-bit Market Revenue and Forecasts to 2027 (US$ Mn)
8.7-bit
8.7.1 Overview
8.7.2 Europe 16-bit Market Revenue and Forecasts to 2027 (US$ Mn)
8.8 Others
8.8.1 Overview
8.8.2 Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. Europe Analog-to-Digital Converter Market Analysis – By Application
9.1 Overview
9.2 Europe Analog-to-Digital Converter Market Breakdown, By Application, 2018 & 2027
9.3 Industrial
9.3.1 Overview
9.3.2 Europe Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Consumer Electronics
9.4.1 Overview
9.4.2 Europe Consumer Electronics Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Automotive
9.5.1 Overview
9.5.2 Europe Automotive Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 Healthcare
9.6.1 Overview
9.6.2 Europe Healthcare Market Revenue and Forecasts to 2027 (US$ Mn)
9.7 Telecommunication
9.7.1 Overview
9.7.2 Europe Telecommunication Market Revenue and Forecasts to 2027 (US$ Mn)
9.7.3 5G
9.7.4 Others
9.8 Others
9.8.1 Overview
9.8.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)
10. Europe Analog-To-Digital Converter Market – Country Analysis
10.1 Overview
10.1.1 Europe Analog-to-Digital Converter Market Breakdown, by Key Countries
10.1.1.1 France Analog-to-Digital Converter Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.1.1 France Analog-to-Digital Converter Market Breakdown by Product Type
10.1.1.1.2 France Analog-to-Digital Converter Market Breakdown by Resolution
10.1.1.1.3 France Analog-to-Digital Converter Market Breakdown by Application
10.1.1.2 Germany Analog-to-Digital Converter Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.2.1 Germany Analog-to-Digital Converter Market Breakdown by Product Type
10.1.1.2.2 Germany Analog-to-Digital Converter Market Breakdown by Resolution
10.1.1.2.3 Germany Analog-to-Digital Converter Market Breakdown by Application
10.1.1.3 Russia Analog-to-Digital Converter Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.3.1 Russia Analog-to-Digital Converter Market Breakdown by Product Type
10.1.1.3.2 Russia Analog-to-Digital Converter Market Breakdown by Resolution
10.1.1.3.3 Russia Analog-to-Digital Converter Market Breakdown by Application
10.1.1.4 Italy Analog-to-Digital Converter Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.4.1 Italy Analog-to-Digital Converter Market Breakdown by Product Type
10.1.1.4.2 Italy Analog-to-Digital Converter Market Breakdown by Resolution
10.1.1.4.3 Italy Analog-to-Digital Converter Market Breakdown by Application
10.1.1.5 United Kingdom Analog-to-Digital Converter Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.5.1 United Kingdom Analog-to-Digital Converter Market Breakdown by Product Type
10.1.1.5.2 United Kingdom Analog-to-Digital Converter Market Breakdown by Resolution
10.1.1.5.3 United Kingdom Analog-to-Digital Converter Market Breakdown by Application
10.1.1.6 Rest of Europe Analog-to-Digital Converter Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.6.1 Rest of Europe Analog-to-Digital Converter Market Breakdown by Product Type
10.1.1.6.2 Rest of Europe Analog-to-Digital Converter Market Breakdown by Resolution
10.1.1.6.3 Rest of Europe Analog-to-Digital Converter Market Breakdown by Application
11. Industry Landscape
11.1 Market Initiative
11.2 New Development
12. Analog-to-Digital Converter Market – Company Profiles
12.1 Analog Devices, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Asahi Kasei Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Cirrus Logic, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.4 Maxim Integrated Products, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Microchip Technology Incorporated
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Renesas Electronics Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 ROHM Semiconductor
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.8 Semiconductor Components Industries, LLC (On Semiconductor)
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 STMicroelectronics N.V.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Texas instruments incorporated
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Europe Analog-to-Digital Converter Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Europe Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Product Type (US$ Mn)
Table 3. Europe Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Resolution (US$ Mn)
Table 4. Europe Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 5. Europe Telecommunication Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 6. France Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Product Type (US$ Mn)
Table 7. France Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Resolution (US$ Mn)
Table 8. France Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 9. France Telecommunication Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 10. Germany Analog-to-Digital Converter Market Revenue and Forecasts to 2027 –By Product Type (US$ Mn)
Table 11. Germany Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Resolution (US$ Mn)
Table 12. Germany Analog-to-Digital Converter Market Revenue and Forecasts to 2027 –By Application (US$ Mn)
Table 13. Germany Telecommunication Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 14. Russia Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Product Type (US$ Mn)
Table 15. Russia Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Resolution (US$ Mn)
Table 16. Russia Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 17. Russia Telecommunication Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 18. Italy Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Product Type (US$ Mn)
Table 19. Italy Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Resolution (US$ Mn)
Table 20. Italy Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 21. Italy Telecommunication Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 22. United Kingdom Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Product Type (US$ Mn)
Table 23. United Kingdom Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Resolution (US$ Mn)
Table 24. United Kingdom Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 25. United Kingdom Telecommunication Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 26. Rest of Europe Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Product Type (US$ Mn)
Table 27. Rest Of Europe Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Resolution (US$ Mn)
Table 28. Rest of Europe Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 29. Rest of Europe Telecommunication Analog-to-Digital Converter Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 30. Glossary of Terms, Analog-to-Digital Converter Market
LIST OF FIGURES
Figure 1. Analog-to-Digital Converter Market Segmentation
Figure 2. Analog-to-Digital Converter Market Segmentation - Country
Figure 3. Market Overview of Analog-to-Digital Converter (2019-2027)
Figure 4. A snapshot of market strategies
Figure 5. Europe – PEST Analysis
Figure 6. Ecosystem Analysis
Figure 7. Analog-to-Digital Converter Market Impact Analysis of Driver and Restraints
Figure 8. 5G Trials and Research Occurring Across The Globe
Figure 9. Europe Analog-to-Digital Converter Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 10. Europe Analog-to-Digital Converter Market Breakdown by Type, 2018 & 2027 (%)
Figure 11. Europe Integrating ADC Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. Europe Delta-Sigma ADC Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. Europe Successive Approximation ADC Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. Europe Ramp ADC Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Europe Analog-to-Digital Converter Market Breakdown by Resolution, 2018 & 2027 (%)
Figure 17. Europe 8-bit Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. Europe 10-bit Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Europe 12-bit Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Europe 14-bit Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Europe 16-bit Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. Europe Analog-to-Digital Converter Market Breakdown by Application, 2018 & 2027 (%)
Figure 24. Europe Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. Europe Consumer Electronics Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. Europe Automotive Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. Europe Healthcare Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. Europe Telecommunication Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. Europe 5G Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 30. Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 31. Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 32. Europe Analog-to-Digital Converter Market Breakdown, By Key Countries, 2018 & 2027(%)
Figure 33. France Analog-to-Digital Converter Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 34. Germany Analog-to-Digital Converter Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 35. Russia Analog-to-Digital Converter Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 36. Italy Analog-to-Digital Converter Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 37. United Kingdom Analog-to-Digital Converter Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 38. Rest of Europe Analog-to-Digital Converter Market Revenue and Forecasts To 2027 (US$ Mn)
The List of Companies
- Asahi Kasei Microdevices Corporation
- Analog Devices Inc.
- Cirrus Logic Inc.
- Maxim Integrated, Inc.
- Microchip Technology Inc.
- ON Semiconductor Corporation
- Rohm Co., Ltd.
- Renesas Electronics Corporation
- Sony Corporation
- Texas Instruments Incorporated
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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