Force Sensor Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Force Sensor Market covers analysis by Force Type  (Compression, Tension, Compression and Tension); Type (Piezoelectric Force Sensor, Capacitive Force Sensor, Magnetic Force Sensor, Load Cell, Strain Gauge, Others); Industry Vertical (Aerospace and Defense, Automotive, Chemicals, Manufacturing, Mining, Pharmaceuticals, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPRE00007641
  • Category : Electronics and Semiconductor
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

The force sensor is electronic equipment that converts mechanical signal input into an electrical signal output. A force sensor is gaining popularity in consumer electronics owing to its function ability that propel the growth of the force sensor market. The increasing adoption of force sensors among the industry verticals such as automotive, aerospace and defense, pharmaceutical, and others are driving the growth of the force sensor market.

MARKET DYNAMICS

The force sensor offers various benefits such as flexibility, durability, and reliability, hence increasing demand for the force sensor market. Increasing the adoption of IoT is also fueling the growth of the force sensor market. However, the slow demand for analog load cells and low precision are the major factors that may hamper the growth of the market. The piezoelectric sensor is heavily demanded since its use for various purposes, such as detection in pressure, acceleration, temperature, strain, and among others. Hence it is driving the growth of the force sensor market. The wide range of applications of force sensors such as capacitive, magnetic, load cell, strain gauge, and others are expected to drive the growth of the force sensor market.

MARKET SCOPE          

The “Global Force Sensor Market Analysis to 2028” is a specialized and in-depth study of the force sensor market industry with a special focus on the global market trend analysis. The report aims to provide an overview of force sensor market with detailed market segmentation by technology, application, offering, and geography. The global force sensor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading force sensor market players and offers key trends and opportunities in the force sensor market.

MARKET SEGMENTATION

The global force sensor market is segmented on the basis of force type, type, and industry vertical. On the basis of force type the market is segmented compression, tension, compression and tension. On the basis of type the market is segmented as piezoelectric force sensor, capacitive force sensor, magnetic force sensor, load cell, strain gauge, others. On the basis of industry vertical the market is segmented as aerospace and defense, automotive, chemicals, manufacturing, mining, pharmaceuticals, others.


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REGIONAL FRAMEWORK


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global force sensor market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The force sensor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting force sensor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the force sensor market in these regions.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global force sensor market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The force sensor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting force sensor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the force sensor market in these regions.

MARKET PLAYERS

The reports cover key developments in the force sensor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from force sensor market are anticipated to lucrative growth opportunities in the future with the rising demand for force sensor market in the global market. Below mentioned is the list of few companies engaged in the force sensor market.

The report also includes the profiles of key force sensor market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
  • Flintec
  • Gefran
  • General Electric
  • Honeywell
  • Kistler
  • Sensata Technologies
  • Siemens
  • Spectris
  • TE Connectivity
  • Tekscan
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Force Sensor Market - By Force Type
1.3.2Force Sensor Market - By Type
1.3.3Force Sensor Market - By Industry Vertical
1.3.4Force Sensor Market - By Region
1.3.4.1By Country

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.FORCE SENSOR MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS

5.FORCE SENSOR MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC

6.FORCE SENSOR MARKET - GLOBAL MARKET ANALYSIS
6.1.FORCE SENSOR - GLOBAL MARKET OVERVIEW
6.2.FORCE SENSOR - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE

7.FORCE SENSOR MARKET - REVENUE AND FORECASTS TO 2028 – FORCE TYPE
7.1.OVERVIEW
7.2.FORCE TYPE MARKET FORECASTS AND ANALYSIS
7.3.COMPRESSION
7.3.1.Overview
7.3.2.Compression Market Forecast and Analysis
7.4.TENSION
7.4.1.Overview
7.4.2.Tension Market Forecast and Analysis
7.5.COMPRESSION AND TENSION
7.5.1.Overview
7.5.2.Compression and Tension Market Forecast and Analysis
8.FORCE SENSOR MARKET - REVENUE AND FORECASTS TO 2028 – TYPE
8.1.OVERVIEW
8.2.TYPE MARKET FORECASTS AND ANALYSIS
8.3.PIEZOELECTRIC FORCE SENSOR
8.3.1.Overview
8.3.2.Piezoelectric Force Sensor Market Forecast and Analysis
8.4.CAPACITIVE FORCE SENSOR
8.4.1.Overview
8.4.2.Capacitive Force Sensor Market Forecast and Analysis
8.5.MAGNETIC FORCE SENSOR
8.5.1.Overview
8.5.2.Magnetic Force Sensor Market Forecast and Analysis
8.6.LOAD CELL
8.6.1.Overview
8.6.2.Load Cell Market Forecast and Analysis
8.7.STRAIN GAUGE
8.7.1.Overview
8.7.2.Strain Gauge Market Forecast and Analysis
8.8.OTHERS
8.8.1.Overview
8.8.2.Others Market Forecast and Analysis
9.FORCE SENSOR MARKET - REVENUE AND FORECASTS TO 2028 – INDUSTRY VERTICAL
9.1.OVERVIEW
9.2.INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
9.3.AEROSPACE AND DEFENSE
9.3.1.Overview
9.3.2.Aerospace and Defense Market Forecast and Analysis
9.4.AUTOMOTIVE
9.4.1.Overview
9.4.2.Automotive Market Forecast and Analysis
9.5.CHEMICALS
9.5.1.Overview
9.5.2.Chemicals Market Forecast and Analysis
9.6.MANUFACTURING
9.6.1.Overview
9.6.2.Manufacturing Market Forecast and Analysis
9.7.MINING
9.7.1.Overview
9.7.2.Mining Market Forecast and Analysis
9.8.PHARMACEUTICALS
9.8.1.Overview
9.8.2.Pharmaceuticals Market Forecast and Analysis
9.9.OTHERS
9.9.1.Overview
9.9.2.Others Market Forecast and Analysis

10.FORCE SENSOR MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Force Sensor Market Overview
10.1.2North America Force Sensor Market Forecasts and Analysis
10.1.3North America Force Sensor Market Forecasts and Analysis - By Force Type
10.1.4North America Force Sensor Market Forecasts and Analysis - By Type
10.1.5North America Force Sensor Market Forecasts and Analysis - By Industry Vertical
10.1.6North America Force Sensor Market Forecasts and Analysis - By Countries
10.1.6.1Canada Force Sensor Market
10.1.6.1.1Canada Force Sensor Market by Force Type
10.1.6.1.2Canada Force Sensor Market by Type
10.1.6.1.3Canada Force Sensor Market by Industry Vertical
10.1.6.2Mexico Force Sensor Market
10.1.6.2.1Mexico Force Sensor Market by Force Type
10.1.6.2.2Mexico Force Sensor Market by Type
10.1.6.2.3Mexico Force Sensor Market by Industry Vertical
10.1.6.3US Force Sensor Market
10.1.6.3.1US Force Sensor Market by Force Type
10.1.6.3.2US Force Sensor Market by Type
10.1.6.3.3US Force Sensor Market by Industry Vertical
10.2.EUROPE
10.2.1Europe Force Sensor Market Overview
10.2.2Europe Force Sensor Market Forecasts and Analysis
10.2.3Europe Force Sensor Market Forecasts and Analysis - By Force Type
10.2.4Europe Force Sensor Market Forecasts and Analysis - By Type
10.2.5Europe Force Sensor Market Forecasts and Analysis - By Industry Vertical
10.2.6Europe Force Sensor Market Forecasts and Analysis - By Countries
10.2.6.1Germany Force Sensor Market
10.2.6.1.1Germany Force Sensor Market by Force Type
10.2.6.1.2Germany Force Sensor Market by Type
10.2.6.1.3Germany Force Sensor Market by Industry Vertical
10.2.6.2France Force Sensor Market
10.2.6.2.1France Force Sensor Market by Force Type
10.2.6.2.2France Force Sensor Market by Type
10.2.6.2.3France Force Sensor Market by Industry Vertical
10.2.6.3Italy Force Sensor Market
10.2.6.3.1Italy Force Sensor Market by Force Type
10.2.6.3.2Italy Force Sensor Market by Type
10.2.6.3.3Italy Force Sensor Market by Industry Vertical
10.2.6.4United Kingdom Force Sensor Market
10.2.6.4.1United Kingdom Force Sensor Market by Force Type
10.2.6.4.2United Kingdom Force Sensor Market by Type
10.2.6.4.3United Kingdom Force Sensor Market by Industry Vertical
10.2.6.5Russia Force Sensor Market
10.2.6.5.1Russia Force Sensor Market by Force Type
10.2.6.5.2Russia Force Sensor Market by Type
10.2.6.5.3Russia Force Sensor Market by Industry Vertical
10.2.6.6Rest of Europe Force Sensor Market
10.2.6.6.1Rest of Europe Force Sensor Market by Force Type
10.2.6.6.2Rest of Europe Force Sensor Market by Type
10.2.6.6.3Rest of Europe Force Sensor Market by Industry Vertical
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Force Sensor Market Overview
10.3.2Asia-Pacific Force Sensor Market Forecasts and Analysis
10.3.3Asia-Pacific Force Sensor Market Forecasts and Analysis - By Force Type
10.3.4Asia-Pacific Force Sensor Market Forecasts and Analysis - By Type
10.3.5Asia-Pacific Force Sensor Market Forecasts and Analysis - By Industry Vertical
10.3.6Asia-Pacific Force Sensor Market Forecasts and Analysis - By Countries
10.3.6.1Australia Force Sensor Market
10.3.6.1.1Australia Force Sensor Market by Force Type
10.3.6.1.2Australia Force Sensor Market by Type
10.3.6.1.3Australia Force Sensor Market by Industry Vertical
10.3.6.2China Force Sensor Market
10.3.6.2.1China Force Sensor Market by Force Type
10.3.6.2.2China Force Sensor Market by Type
10.3.6.2.3China Force Sensor Market by Industry Vertical
10.3.6.3India Force Sensor Market
10.3.6.3.1India Force Sensor Market by Force Type
10.3.6.3.2India Force Sensor Market by Type
10.3.6.3.3India Force Sensor Market by Industry Vertical
10.3.6.4Japan Force Sensor Market
10.3.6.4.1Japan Force Sensor Market by Force Type
10.3.6.4.2Japan Force Sensor Market by Type
10.3.6.4.3Japan Force Sensor Market by Industry Vertical
10.3.6.5South Korea Force Sensor Market
10.3.6.5.1South Korea Force Sensor Market by Force Type
10.3.6.5.2South Korea Force Sensor Market by Type
10.3.6.5.3South Korea Force Sensor Market by Industry Vertical
10.3.6.6Rest of Asia-Pacific Force Sensor Market
10.3.6.6.1Rest of Asia-Pacific Force Sensor Market by Force Type
10.3.6.6.2Rest of Asia-Pacific Force Sensor Market by Type
10.3.6.6.3Rest of Asia-Pacific Force Sensor Market by Industry Vertical
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Force Sensor Market Overview
10.4.2Middle East and Africa Force Sensor Market Forecasts and Analysis
10.4.3Middle East and Africa Force Sensor Market Forecasts and Analysis - By Force Type
10.4.4Middle East and Africa Force Sensor Market Forecasts and Analysis - By Type
10.4.5Middle East and Africa Force Sensor Market Forecasts and Analysis - By Industry Vertical
10.4.6Middle East and Africa Force Sensor Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Force Sensor Market
10.4.6.1.1South Africa Force Sensor Market by Force Type
10.4.6.1.2South Africa Force Sensor Market by Type
10.4.6.1.3South Africa Force Sensor Market by Industry Vertical
10.4.6.2Saudi Arabia Force Sensor Market
10.4.6.2.1Saudi Arabia Force Sensor Market by Force Type
10.4.6.2.2Saudi Arabia Force Sensor Market by Type
10.4.6.2.3Saudi Arabia Force Sensor Market by Industry Vertical
10.4.6.3U.A.E Force Sensor Market
10.4.6.3.1U.A.E Force Sensor Market by Force Type
10.4.6.3.2U.A.E Force Sensor Market by Type
10.4.6.3.3U.A.E Force Sensor Market by Industry Vertical
10.4.6.4Rest of Middle East and Africa Force Sensor Market
10.4.6.4.1Rest of Middle East and Africa Force Sensor Market by Force Type
10.4.6.4.2Rest of Middle East and Africa Force Sensor Market by Type
10.4.6.4.3Rest of Middle East and Africa Force Sensor Market by Industry Vertical
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Force Sensor Market Overview
10.5.2South and Central America Force Sensor Market Forecasts and Analysis
10.5.3South and Central America Force Sensor Market Forecasts and Analysis - By Force Type
10.5.4South and Central America Force Sensor Market Forecasts and Analysis - By Type
10.5.5South and Central America Force Sensor Market Forecasts and Analysis - By Industry Vertical
10.5.6South and Central America Force Sensor Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Force Sensor Market
10.5.6.1.1Brazil Force Sensor Market by Force Type
10.5.6.1.2Brazil Force Sensor Market by Type
10.5.6.1.3Brazil Force Sensor Market by Industry Vertical
10.5.6.2Argentina Force Sensor Market
10.5.6.2.1Argentina Force Sensor Market by Force Type
10.5.6.2.2Argentina Force Sensor Market by Type
10.5.6.2.3Argentina Force Sensor Market by Industry Vertical
10.5.6.3Rest of South and Central America Force Sensor Market
10.5.6.3.1Rest of South and Central America Force Sensor Market by Force Type
10.5.6.3.2Rest of South and Central America Force Sensor Market by Type
10.5.6.3.3Rest of South and Central America Force Sensor Market by Industry Vertical

11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12.FORCE SENSOR MARKET, KEY COMPANY PROFILES
12.1.FLINTEC
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.GEFRAN
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.GENERAL ELECTRIC
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
12.3.6.Key Developments
12.4.HONEYWELL
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.KISTLER
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.SENSATA TECHNOLOGIES
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.SIEMENS
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
12.7.6.Key Developments
12.8.SPECTRIS
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.TE CONNECTIVITY
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.TEKSCAN
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 OF TERMS
The List of Companies

1.Flintec
2.Gefran
3.General Electric
4.Honeywell
5.Kistler
6.Sensata Technologies
7.Siemens
8.Spectris
9.TE Connectivity
10.Tekscan

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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