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

Coverage: Gas Sensor Market covers analysis by Gas Type (Hydrogen, Methane, Ammonia, Carbon Monoxide, Oxygen, Carbon Dioxide, Others); Technology (Infrared, Electrochemical, Catalytic, Laser, Photoionization Detector, Others); End Use (Healthcare, Automotive and Transportation, Consumer Electronics, Military and Defense, Industrial, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00012725
  • Category : Electronics and Semiconductor
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

The gas sensors are the devices which detect the concentration or presence of gases in the environment or atmosphere. These sensors are capable to detect and measure the concentration of gas and can further change the concentration of an analyte gas into an electrical or electronic signal. Gas sensors are broadly utilized in several industries ranging from defense & military, medicine, energy, and aerospace.

MARKET DYNAMICS

The major drivers boosting the growth of gas sensor market are the implementation of several health and safety regulations worldwide, rise in adoption of gas sensors in air quality monitors and HVAC systems, increase in demand for gas sensors from critical industries, and the requirement of monitoring air quality in the smart cities. Moreover, networking of gas sensors through cloud computing, IoT, and big data is anticipated to offer lucrative opportunities for the growth of the gas sensor market.

MARKET SCOPE

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

MARKET SEGMENTATION

The global gas sensor market is segmented on the basis of gas type, technology, end use. Based on gas type, the gas sensor market is segmented as hydrogen, methane, ammonia, carbon monoxide, oxygen, carbon dioxide, and others. On the basis of technology, the market is segmented as infrared, electrochemical, catalytic, laser, photoionization detector, and others. Based on end use, the gas sensor market is segmented as healthcare, automotive and transportation, consumer electronics, military and defense, industrial, and others

REGIONAL FRAMEWORK

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

The report analyzes factors affecting gas sensor market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the gas sensor market for each region.

World Geography

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MARKET PLAYERS


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

The report analyzes factors affecting gas sensor market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the gas sensor market for each region.

MARKET PLAYERS

The reports cover key developments in the gas 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 the way for the expansion of business and customer base of market players. The market payers from gas sensor market are anticipated to lucrative growth opportunities in the future with the rising demand for gas sensor in the global market. Below mentioned is the list of few companies engaged in the gas sensor market.

The report also includes the profiles of key 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 the last three years, key development in the past five years.

  •   Alphasense
  •   Amphenol
  •   Dynament
  •   Figaro Engineering Inc
  •   GASTEC Corporation
  •   Honeywell Analytics
  •   Membrapor
  •   MSA
  •   Nemoto Group
  •   Sensirion

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

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

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.GAS SENSOR MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTERâ™S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS

5.GAS 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 AND RESTRAINTS

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

7.GAS SENSOR MARKET - REVENUE AND FORECASTS TO 2028 â" GAS TYPE
7.1.OVERVIEW
7.2.GAS TYPE MARKET FORECASTS AND ANALYSIS
7.3.HYDROGEN
7.3.1.Overview
7.3.2.Hydrogen Market Forecast and Analysis
7.4.METHANE
7.4.1.Overview
7.4.2.Methane Market Forecast and Analysis
7.5.AMMONIA
7.5.1.Overview
7.5.2.Ammonia Market Forecast and Analysis
7.6.CARBON MONOXIDE
7.6.1.Overview
7.6.2.Carbon Monoxide Market Forecast and Analysis
7.7.OXYGEN
7.7.1.Overview
7.7.2.Oxygen Market Forecast and Analysis
7.8.CARBON DIOXIDE
7.8.1.Overview
7.8.2.Carbon Dioxide Market Forecast and Analysis
7.9.OTHERS
7.9.1.Overview
7.9.2.Others Market Forecast and Analysis
8.GAS SENSOR MARKET - REVENUE AND FORECASTS TO 2028 â" TECHNOLOGY
8.1.OVERVIEW
8.2.TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3.INFRARED
8.3.1.Overview
8.3.2.Infrared Market Forecast and Analysis
8.4.ELECTROCHEMICAL
8.4.1.Overview
8.4.2.Electrochemical Market Forecast and Analysis
8.5.CATALYTIC
8.5.1.Overview
8.5.2.Catalytic Market Forecast and Analysis
8.6.LASER
8.6.1.Overview
8.6.2.Laser Market Forecast and Analysis
8.7.PHOTOIONIZATION DETECTOR
8.7.1.Overview
8.7.2.Photoionization Detector Market Forecast and Analysis
8.8.OTHERS
8.8.1.Overview
8.8.2.Others Market Forecast and Analysis
9.GAS SENSOR MARKET - REVENUE AND FORECASTS TO 2028 â" END USE
9.1.OVERVIEW
9.2.END USE MARKET FORECASTS AND ANALYSIS
9.3.HEALTHCARE
9.3.1.Overview
9.3.2.Healthcare Market Forecast and Analysis
9.4.AUTOMOTIVE AND TRANSPORTATION
9.4.1.Overview
9.4.2.Automotive and Transportation Market Forecast and Analysis
9.5.CONSUMER ELECTRONICS
9.5.1.Overview
9.5.2.Consumer Electronics Market Forecast and Analysis
9.6.MILITARY AND DEFENSE
9.6.1.Overview
9.6.2.Military and Defense Market Forecast and Analysis
9.7.INDUSTRIAL
9.7.1.Overview
9.7.2.Industrial Market Forecast and Analysis
9.8.OTHERS
9.8.1.Overview
9.8.2.Others Market Forecast and Analysis

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

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.GAS SENSOR MARKET, KEY COMPANY PROFILES
12.1.ALPHASENSE
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.AMPHENOL
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.DYNAMENT
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.FIGARO ENGINEERING 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.GASTEC CORPORATION
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.HONEYWELL ANALYTICS
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.MEMBRAPOR
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.MSA
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.NEMOTO GROUP
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.SENSIRION
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. Alphasense
2. Amphenol
3. Dynament
4. Figaro Engineering Inc
5. GASTEC Corporation
6. Honeywell Analytics
7. Membrapor
8. MSA
9. Nemoto Group
10. Sensirion

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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