Vision Guided Robotics Software market in Europe is expected to grow from US$ 275.54 Mn in 2018 to US$ 935.91 Mn by the year 2027. This represents a CAGR of 14.7% from the year 2019 to 2027.
High potential of mass customization is fueling dramatic changes to automate the work across various industries. The major manufacturing companies in several countries across the globe are adopting smart technologies heavily with an objective to reduce day to day challenges. The consumer demands for customized robots are increasing for performing various monotonous work across the organization and can be upgraded easily with time as well as with changing requirement. The personalized product has the potential to provide several benefits to producers as well as consumers that fits their needs accordingly. The constant enhancement of the product has empowered thousands of companies to invest lower costs as compared to a traditional mass producer. The vision-guided robotics software can be upgraded as per the requirement of the consumers within a period across the region.
The rise in demand for advanced robotic solutions in the Europe accounted for the significant rise in the automobile industry, electrical or electronics industry, and metal industry among others. As per the International Federation of Robotics (IFR), Europe shared the second largest market in 2018, owing to massive sales by German manufacturers. According to IFR, the number of robots sold in Europe is increased by about 7%, i.e. 21,404 units in the year 2017 and hence created a new record as compared to 2016 the number of robots sold is 20,074 units. Robot manufacturers in other countries in Europe namely; Italy, France, the United Kingdom, and Switzerland among others continue to increase their sales and ultimately their market share, helping the European region to propel in the field of vision-guided robotics software market over the years. Attributing to such initiative towards robotic vision technology combined with low-cost power processing capabilities, the future of vision-guided robots and robotic software is anticipated to be promising across the region. Similarly, growing adoption of Robot operating system (ROS) which is an open source robot software framework which provides numerous debugging and development tools. The ROS comprises of hardware abstraction, mapping, sensing, subordinate device control, detection, message transmission, package management, motion planning functionality, and development environments. Approximately 20 organizations are cooperating with the development of a robotic system with the use of ROS. Other than ROS, the developers are also using different platforms for the deployment of software related to robotic systems. In 2018, Pick-it and Zivid joined forces with the aim of accelerating robotic 3D vision for SMEs. As the part of the partnership Zivid's High Definition 3D Camera would be used in Pick-it's M-HD solution for plug and play application.
Germany is the hub of automobiles and automobile components in the European region. The vision-guided robotics software market is anticipated to furnish in the country in the near future, owing to increase in awareness of advanced technologies among the German mass. Also, vast areas of applications such as industry 4.0, automated and connected driving need data transmission between the machines constantly and within the real-time which depicts towards the infrastructure development and integration of vision-guided robotics software to enhance the functionality of autonomous vehicles across the country. This scope is facilitating the end users to adopt this technology increases, thereby creating a substantial market for the same at present, which is projecting a positive growth on the vision guided robotic software market. The figure given below highlights the revenue share of Russia in the European vision guided robotic software market in the forecast period:
Russia Vision-Guided Robotics Software Market Revenue and Forecasts to 2027 (US$ Mn)
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EUROPE VISION-GUIDED ROBOTICS SOFTWARE - MARKET SEGMENTATION
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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By Robot Type
- Mobile Robot
- Fixed Robot
By Technology
- 2D Vision Guided
- 3D Vision Guided
By Application
- Arc Welding
- Assembly
- Cutting
- Palletizing & Machine Tending
- Navigation
- Random Bin Picking
- Collaborative Robots
- Others
By Vertical
- Automotive
- Electrical & Electronics
- Aerospace
- Healthcare
- Transportation & Logistics
- Food & Beverages
- Others
By Country
- France
- Germany
- Italy
- Russia
- UK
- Rest of Europe
Companies Mentioned
- ABB Ltd.
- Fanuc Corporation
- Robotic Vision Technologies, Inc.
- iRobot Corporation
- MVTec Software GmbH
- Pick-it N.V.
- Recognition Robotics Inc.
- Vision Nerf S.A.
- Nachi Robotic Systems, Inc.
- KUKA Robot Group
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Robot Type, Technology, Application, and Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
PART 1.iNTRODUCTION
1.1Scope of the Study
1.2The Insight partners research report guidance
1.3market segmentation
1.3.1Europe Vision Guided Robotics Software Market – By Robot Type
1.3.2Europe Vision Guided Robotics Software Market – By Technology
1.3.3Europe Vision Guided Robotics Software Market – By Application
1.3.4Europe Vision Guided Robotics Software Market – By Vertical
1.3.5Europe Vision Guided Robotics Software Market – By Country
PART 2.key takeaways
PART 3.Research Methodology
3.1.1Coverage
3.1.2Secondary Research
3.1.3Primary Research
PART 4.eUROPE vision guided robotics software market landscape
4.1market overview
4.2Ecosystem Analysis
4.3Europe PEST Analysis
PART 5.europe vision guided robotics software market – key industry dynamics
5.1key market drivers
5.1.1Incorporation of vision guided robots across various industries
5.1.2High potential of mass customization
5.2Key market restraints
5.2.1Lack of technically skilled operators among emerging economies
5.3Key market opportunity
5.3.1Enhancing Capabilities of 3D machine vision
5.4FUTURE TRENDS
5.4.1Boosting Concentration on evolving intuitive programming interfaces
5.5impact analysis of drivers and restraints
PART 6.vision guided robotics software – europe market analysis
6.1europe Vision guided robotics software Market Overview
6.2Europe vision guided robotics software market Forecast and Analysis
6.3MARKET POSITIONING/ MARKET SHARE
PART 7.EUROPE vision guide robotics software Market Analysis – By Robot type
7.1Overview
7.2europe Vision Guided Robotics software Market Breakdown, By robot type, 2018 & 2027
7.3Fixed robots
7.3.1Overview
7.3.2Europe Vision Guided Robotics Software Market, By Fixed Robot Revenue and Forecasts to 2027 (US$ Mn)
7.4mobile robots
7.4.1Overview
7.4.2Europe Vision Guided Robotics Software Market, By Mobile Robot Revenue and Forecasts to 2027 (US$ Mn)
PART 8.Europe vision guide robotics software Market Analysis – By technology
8.1Overview
8.2Europe Vision Guided Robotics software Market Breakdown, By technology, 2018 & 2027
8.3d vision guided technology
8.3.1Overview
8.3.2Europe Vision Guided Robotics Software Market, By 2D Vision Guided Technology Revenue and Forecasts to 2027 (US$ Mn)
8.4D vision guided technology
8.4.1Overview
8.4.2Europe Vision Guided Robotics Software Market, By 3D Vision Guided Technology Revenue and Forecasts to 2027 (US$ Mn)
PART 9.Europe vision guide robotics software Market Analysis – By application
9.1Overview
9.2europe Vision Guided Robotics software Market Breakdown, By Application, 2018 & 2027
9.3arc welding
9.3.1Overview
9.3.2Europe vision guided robotics software Market, By Arc Welding Revenue and Forecasts to 2027 (US$ Mn)
9.4assembly
9.4.1Overview
9.4.2Europe vision guided robotics software Market, By Assembly Revenue and Forecasts to 2027 (US$ Mn)
9.5cutting
9.5.1Overview
9.5.2Europe vision guided robotics software Market, By Cutting Revenue and Forecasts to 2027 (US$ Mn)
9.6Palletizing and machine tending
9.6.1Overview
9.6.2Europe vision guided robotics software Market, By Palletizing and Machine Tending Market Revenue and Forecasts to 2027 (US$ Mn)
9.7Navigation
9.7.1Overview
9.7.2Europe vision guided robotics software Market, By Navigation Revenue and Forecasts to 2027 (US$ Mn)
9.8random bin picking
9.8.1Overview
9.8.2Europe Vision Guided Robotics Software Market, By Random Bin Picking Revenue and Forecasts to 2027 (US$ Mn)
9.9collaborative robots
9.9.1Overview
9.9.2Europe Vision Guided Robotics Software Market, By Collaborative Robots Revenue and Forecasts to 2027 (US$ Mn)
9.10others
9.10.1Overview
9.10.2Europe Vision Guided Robotics Software Market, By Others Revenue and Forecasts to 2027 (US$ Mn)
PART 10.Europe vision guide robotics software Market Analysis – By vertical
10.1Overview
10.2europe Vision Guided Robotics software Market Breakdown, By vertical, 2018 & 2027
10.3Automotive
10.3.1Overview
10.3.2Europe Vision Guided Robotics Software Market, By Automotive Revenue and Forecasts to 2027 (US$ Mn)
10.4electrical & electronics
10.4.1Overview
10.4.2Europe Vision Guided Robotics Software Market, By Electrical & Electronics Revenue and Forecasts to 2027 (US$ Mn)
10.5Aerospace
10.5.1Overview
10.5.2Europe Vision Guided Robotics Software Market, By Aerospace Revenue and Forecasts to 2027 (US$ Mn)
10.6healthcare
10.6.1Overview
10.6.2Europe Vision Guided Robotics Software Market, By Healthcare Revenue and Forecasts to 2027 (US$ Mn)
10.7transportation & logistics
10.7.1Overview
10.7.2Europe Vision Guided Robotics Software Market, By Transportation & Logistics Revenue and Forecasts to 2027 (US$ Mn)
10.8food & Beverages
10.8.1Overview
10.8.2Europe Vision Guided Robotics Software Market, By Food & Beverages Revenue and Forecasts to 2027 (US$ Mn)
10.9others
10.9.1Overview
10.9.2Europe Vision Guided Robotics Software Market, By Others Revenue and Forecasts to 2027 (US$ Mn)
PART 11.Europe vision guided robotics software market – Country Analysis
11.1Overview
11.1.1Europe Vision Guided Robotics Software Market Breakdown, by Key Countries
11.1.1.1France Vision Guided Robotics Software Market Revenue and Forecasts to 2027 (US$ MN)
11.1.1.1.1France Vision Guided Robotics Software Market Breakdown by Robot Type
11.1.1.1.2France Vision Guided Robotics Software Market Breakdown by Technology
11.1.1.1.3France Vision Guided Robotics Software Market Breakdown by Application
11.1.1.1.4France Vision Guided Robotics Software Market Breakdown by Vertical
11.1.1.2Germany Vision Guided Robotics Software Market Revenue and Forecasts to 2027 (US$ MN)
11.1.1.2.1Germany Vision Guided Robotics Software Market Breakdown by Robot Type
11.1.1.2.2Germany Vision Guided Robotics Software Market Breakdown by Technology
11.1.1.2.3Germany Vision Guided Robotics Software Market Breakdown by Application
11.1.1.2.4Germany Vision Guided Robotics Software Market Breakdown by Vertical
11.1.1.3Italy Vision Guided Robotics Software Market Revenue and Forecasts to 2027 (US$ Mn)
11.1.1.3.1Italy Vision Guided Robotics Software Market Breakdown by Robot Type
11.1.1.3.2Italy Vision Guided Robotics Software Market Breakdown by Technology
11.1.1.3.3Italy Vision Guided Robotics Software Market Breakdown by Application
11.1.1.3.4Italy Vision Guided Robotics Software Market Breakdown by Vertical
11.1.1.4Russia Vision Guided Robotics Software Market Revenue and Forecasts to 2027 (US$ Mn)
11.1.1.4.1Russia Vision Guided Robotics Software Market Breakdown by Robot Type
11.1.1.4.2Russia Vision Guided Robotics Software Market Breakdown by Technology
11.1.1.4.3Russia Vision Guided Robotics Software Market Breakdown by Application
11.1.1.4.4Russia Vision Guided Robotics Software Market Breakdown by Vertical
11.1.1.5UK Vision Guided Robotics Software Market Revenue and Forecasts to 2027 (US$ Mn)
11.1.1.5.1UK Vision Guided Robotics Software Market Breakdown by Robot Type
11.1.1.5.2UK Vision Guided Robotics Software Market Breakdown by Technology
11.1.1.5.3UK Vision Guided Robotics Software Market Breakdown by Application
11.1.1.5.4UK Vision Guided Robotics Software Market Breakdown by Vertical
11.1.1.6Rest of Europe Vision Guided Robotics Software Market Revenue and Forecasts to 2027 (US$ Mn)
11.1.1.6.1Rest of Europe Vision Guided Robotics Software Market Breakdown by Robot Type
11.1.1.6.2Rest of Europe Vision Guided Robotics Software Market Breakdown by Technology
11.1.1.6.3Rest of Europe Vision Guided Robotics Software Market Breakdown by Application
11.1.1.6.4Rest of Europe Vision Guided Robotics Software Market Breakdown by Vertical
PART 12.Industry Landscape
12.1Market Initiative
12.2Merger and Acquisition
12.3New Development
PART 13.vision guided robotics software market, key company profiles
13.1ABB Ltd.
13.1.1Key Facts
13.1.2Business Description
13.1.3Products and Services
13.1.4Financial Overview
13.1.5SWOT Analysis
13.1.6Key Developments
13.2Fanuc Corporation
13.2.1Key Facts
13.2.2Business Description
13.2.3Products and Services
13.2.4Financial Overview
13.2.5SWOT Analysis
13.2.6Key Developments
13.3Cognex Corporation
13.3.1Key Facts
13.3.2Business Description
13.3.3Products and Services
13.3.4Financial Overview
13.3.5SWOT Analysis
13.3.6Key Developments
13.4Automation Anywhere, Inc.
13.4.1Key Facts
13.4.2Business Description
13.4.3Products and Services
13.4.4Financial Overview
13.4.5SWOT Analysis
13.4.6Key Developments
13.5Vision Guided Robotics, LLC (VGR)
13.5.1Key Facts
13.5.2Business Description
13.5.3Products and Services
13.5.4Financial Overview
13.5.5SWOT Analysis
13.6Robotic Vision Technologies, Inc.
13.6.1Key Facts
13.6.2Business Description
13.6.3Products and Services
13.6.4Financial Overview
13.6.5SWOT Analysis
13.6.6Key Developments
13.7Bluewrist Inc
13.7.1Key Facts
13.7.2Business Description
13.7.3Products and Services
13.7.4Financial Overview
13.7.5SWOT Analysis
13.7.6Key Developments
13.8Energid Technologies Corporation (teradyne, inc.)
13.8.1Key Facts
13.8.2Business Description
13.8.3Products and Services
13.8.4Financial Overview
13.8.5SWOT Analysis
13.8.6Key Developments
13.9iRobot Corporation
13.9.1Key Facts
13.9.2Business Description
13.9.3Products and Services
13.9.4Financial Overview
13.9.5SWOT Analysis
13.9.6Key Developments
13.10ASIMOV Robotics
13.10.1Key Facts
13.10.2Business Description
13.10.3Products and Services
13.10.4Financial Overview
13.10.5SWOT Analysis
13.11Recognition Robotics
13.11.1Key Facts
13.11.2Business Description
13.11.3Products and Services
13.11.4Financial Overview
13.11.5SWOT Analysis
13.11.6Key Developments
13.12Ready Robotics Corporation
13.12.1Key Facts
13.12.2Business Description
13.12.3Products and Services
13.12.4Financial Overview
13.12.5SWOT Analysis
13.12.6Key Developments
13.13Pick-it N.V.
13.13.1Key Facts
13.13.2Business Description
13.13.3Products and Services
13.13.4Financial Overview
13.13.5SWOT Analysis
13.13.6Key Developments
13.14MVTec Software GmbH
13.14.1Key Facts
13.14.2Business Description
13.14.3Products and Services
13.14.4Financial Overview
13.14.5SWOT Analysis
13.14.6Key Developments
13.15Visio Nerf sa
13.15.1Key Facts
13.15.2Business Description
13.15.3Products and Services
13.15.4Financial Overview
13.15.5SWOT Analysis
13.15.6Key Developments
PART 14.Appendix
14.1about the insight partners
14.2glossary
14.3Methodology
14.3.1Coverage
14.3.2Secondary Research
14.3.3Primary Research
LIST OF TABLES
TABLE 1.eUROPE vision guided robotics software Market Revenue and Forecasts to 2027 (US$ Mn)
TABLE 2.eUROPE vision guided robotics software Market, by robot type Revenue and Forecasts to 2027 (US$ Mn)
TABLE 3.eUROPE vision guided robotics software Market, by technology Revenue and Forecasts to 2027 (US$ Mn)
TABLE 4.eUROPE vision guided robotics software Market, By application Revenue and Forecasts to 2027 (US$ Mn)
TABLE 5.eUROPE vision guided robotics software Market, By vertical Revenue and Forecasts to 2027 (US$ Mn)
TABLE 6.eUROPE vision guided robotics software Market, By country Revenue and Forecasts to 2027 (US$ Mn)
TABLE 7.France Vision guided robotics software Market Revenue and Forecasts to 2027 – By Robot type (US$ Mn)
TABLE 8.France vision guided robotics software Market Revenue and Forecasts to 2027 – By technology (US$ Mn)
TABLE 9.france Vision Guided Robotics Software Market Revenue and Forecasts to 2027 – By application (US$ Mn)
TABLE 10.france Vision Guided Robotics Software Market Revenue and Forecasts to 2027 – By vertical (US$ Mn)
TABLE 11.Germany Vision guided robotics software Market Revenue and Forecasts to 2027 – By robot type (US$ Mn)
TABLE 12.Germany vision guided robotics software Market Revenue and Forecasts to 2027 – By technology (US$ Mn)
TABLE 13.Germany Vision Guided Robotics Software Market Revenue and Forecasts to 2027 –By application (US$ Mn)
TABLE 14.Germany Vision Guided Robotics Software Market Revenue and Forecasts to 2027 – By vertical (US$ Mn)
TABLE 15.Italy vision guided robotics software Market Revenue and Forecasts to 2027 – By robot type (US$ Mn)
TABLE 16.Italy vision guided robotics software Market Revenue and Forecasts to 2027 – By technology (US$ Mn)
TABLE 17.Italy vision guided robotics software Market Revenue and Forecasts to 2027 – By application (US$ Mn)
TABLE 18.Italy vision guided robotics software Market Revenue and Forecasts to 2027 – By vertical (US$ Mn)
TABLE 19.Russia vision guided robotics software Market Revenue and Forecasts to 2027 – By robot type (US$ Mn)
TABLE 20.Russia vision guided robotics software Market Revenue and Forecasts to 2027 – By technology (US$ Mn)
TABLE 21.Russia vision guided robotics software Market Revenue and Forecasts to 2027 – By application (US$ Mn)
TABLE 22.Russia vision guided robotics software Market Revenue and Forecasts to 2027 – By vertical (US$ Mn)
TABLE 23.UK vision guided robotics software Market Revenue and Forecasts to 2027 – By robot type (US$ Mn)
TABLE 24.UK vision guided robotics software Market Revenue and Forecasts to 2027 – By technology (US$ Mn)
TABLE 25.UK vision guided robotics software Market Revenue and Forecasts to 2027 – By application (US$ Mn)
TABLE 26.UK vision guided robotics software Market Revenue and Forecasts to 2027 – By vertical (US$ Mn)
TABLE 27.rest of europe vision guided robotics software Market Revenue and Forecasts to 2027 – By robot type (US$ Mn)
TABLE 28.rest of europe vision guided robotics software Market Revenue and Forecasts to 2027 – By technology (US$ Mn)
TABLE 29.Rest of Europe vision guided robotics software Market Revenue and Forecasts to 2027 – By application (US$ Mn)
TABLE 30.Rest of Europe vision guided robotics software Market Revenue and Forecasts to 2027 – By vertical (US$ Mn)
TABLE 31.Glossary of terms, Vision Guided Robotics Software market
LIST OF FIGURES
FIGURE 1.Vision Guided Robotics Software market segmentation
FIGURE 2.vision guided robotics software market segmentation – BY country
FIGURE 3.Europe vision guided robotics software MArket, By Revenue (US$ Mn), 2018 & 2027
FIGURE 4.vision guided robotics software MArket ecosystem analysis
FIGURE 5.Europe – pest analysis
FIGURE 6.vision guided robotics software market impact analysis of drivers and restraints
FIGURE 7.Europe vision guided robotics software Market Forecast and Analysis, (US$ Mn)
FIGURE 8.europe vision guided robotics software Market Breakdown By robot type, 2018 & 2027 (%)
FIGURE 9.Europe Vision Guided Robotics Software Market, By fixed robot Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 10.Europe Vision Guided Robotics Software Market, By mobile robot Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 11.Europe vision guided robotics software Market Breakdown By technology, 2018 & 2027 (%)
FIGURE 12.Europe Vision Guided Robotics Software Market, By 2D Vision guided technology Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 13.Europe Vision Guided Robotics Software Market, By 3D Vision Guided Technology Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 14.Europe vision guided robotics software Market Breakdown By application, 2018 & 2027 (%)
FIGURE 15.Europe vision guided robotics software Market, By arc welding Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 16.Europe vision guided robotics software Market, By Assembly Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 17.Europe vision guided robotics software Market, By cutting Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 18.Europe vision guided robotics software Market, By Palletizing and Machine Tending Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 19.Europe vision guided robotics software Market, By Navigation Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 20.Europe vision guided robotics software Market, By random bin picking Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 21.Europe Vision Guided Robotics Software Market, By collaborative robots Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 22.Europe Vision Guided Robotics Software Market, By Others Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 23.Europe vision guided robotics software Market Breakdown By vertical, 2018 & 2027 (%)
FIGURE 24.Europe Vision Guided Robotics Software Market, By automotive Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 25.Europe Vision Guided Robotics Software Market, By electrical & Electronics Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 26.Europe Vision Guided Robotics Software Market, By Aerospace Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 27.Europe Vision Guided Robotics Software Market, By healthcare Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 28.Europe Vision Guided Robotics Software Market, By Transportation & Logistics Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 29.Europe Vision Guided Robotics Software Market, By Food & beverages Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 30.Europe Vision Guided Robotics Software Market, By Others Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 31.Europe vision guided robotics software Market Breakdown by Key Countries, 2018 & 2027(%)
FIGURE 32.France Vision Guided Robotics Software Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 33.germany Vision Guided Robotics Software Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 34.Italy Vision Guided Robotics Software Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 35.Russia Vision Guided Robotics Software Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 36.UK Vision Guided Robotics Software Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 37.rest of europe Vision Guided Robotics Software Market Revenue and Forecasts to 2027 (US$ MN)
The List of Companies
1. ABB Ltd.
2. Fanuc Corporation
3. Robotic Vision Technologies, Inc.
4. iRobot Corporation
5. MVTec Software GmbH
6. Pick-it N.V.
7. Recognition Robotics Inc.
8. Vision Nerf S.A.
9. Nachi Robotic Systems, Inc.
10. KUKA Robot Group
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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Feb 2019
Virtual Reality Puzzle Games Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Age (18 to 34 Years, Above 35 Years, 13 to 17 Years, and Upto 12 Years), Player Type (Single Player and Multi Player), and End Users (Individuals and Professionals)
Feb 2019
Inspection Software for Government Services Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Software and Services), Services (Implementation and Deployment, Support and Maintenance, Training, and Consulting), Deployment (Cloud and On-premises), Application (Permitting and Licensing Management, Inspection and Scheduling Management, Contract Management, and Others), and End User (Local Government, State Government, and Federal Government)
Feb 2019
Spend Analytics for Electronics and Semiconductor Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Component (Software and Service), Type (Descriptive Analytics, Predictive Analytics, and Prescriptive Analytics), Deployment (On-premise and Cloud), and Application (Financial Management, Risk Management, Governance and Compliance Management, Supplier Sourcing and Performance Management, Demand and Supply Forecasting, and Others)
Feb 2019
Photonic Design Automation Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Solution and Service), Deployment (On-Premise and Cloud), Organization Size (SMEs and Large Enterprises), and Application (Academic Research and Industrial Research & Manufacturing)
Feb 2019
Voice-based Payments Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Hardware and Software), By Enterprise Size (Large Enterprises and Small and Medium-Sized Enterprises), By Industry (BFSI, Automotive, Healthcare, Retail, Government, and Others), and by Geography
Feb 2019
Private 5G Network Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Hardware, Software, and Services); Frequency (Sub-6 GHz and mmWave), End User (Manufacturing, Energy and Utilities, Automotive, Military and Defense, Government and Public Safety, and Others)
Feb 2019
Unified Threat Management Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Solution and Services); Deployment (Cloud and On-Premise); Enterprise Size (Large Enterprises and SMEs); and End Users (BFSI, Manufacturing, Healthcare, Retail, Government, IT & Telecom, and Others)