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

Coverage: Parking Sensors Market covers analysis By Type (Front Parking Sensors and Reverse Parking Sensors); Technology (Ultrasonic, Electromagnetic, Infrared, and Laser); Installation (OEM and Aftermarket); Vehicle Type (Heavy Commercial Vehicles, Light & Medium Commercial Vehicles, and Passenger Cars); , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00003239
  • Category : Electronics and Semiconductor
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION
Parking sensors, which can also be defined as proximity sensors are installed in vehicles for assisting the driver for convenient and safe car parking. Parking sensors helps the driver to ease their parking job by utilize the sound or display to identify collision with the nearby vehicle. These sensors can identify several obstacles other than nearby vehicle such as pedestrians, walls, pillars and fences.

MARKET DYNAMICS
The increasing government initiatives regarding installation of safety systems including parking sensors in several economies worldwide is the major factor bolstering the growth of the parking sensors market. Also, the rapid growth of automotive industry coupled with increasing awareness among people for vehicle safety devices owing to increasing road fatalities and accidents is propelling the parking sensors market growth. However, limited detection range of parking sensors is the key factor restricting the market growth. Advancements in artificial intelligence technology for making system operator independent is expected to provide prosperous opportunity to the parking sensors market growth.

MARKET SCOPE
The "Global Parking Sensors Market Analysis to 2028" is a specialized and in-depth study of the parking sensors industry with a special focus on the global market trend analysis. The report aims to provide an overview of parking sensors market with detailed market segmentation by type, technology, installation, vehicle type, and geography. The global parking sensors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading parking sensors market players and offers key trends and opportunities in the market.


MARKET SEGMENTATION

The global parking sensors market is segmented on the basis of type, technology, installation, and vehicle type. Based on type, the market is segmented into front parking sensors and reverse parking sensors. On the basis of the technology the market is segmented into ultrasonic, electromagnetic, infrared, laser, and others. The market on the basis of the installation is classified into OEM and aftermarket, Furthermore, the market is also categorized by vehicle type into heavy commercial vehicles, light & medium commercial vehicles, and passenger cars.


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 parking sensors 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 parking sensors 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 parking sensors 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 parking sensors market in these regions.

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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 parking sensors 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 parking sensors 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 parking sensors 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 parking sensors market in these regions.

MARKET PLAYERS

The reports cover key developments in the parking sensors 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 payers from parking sensors market are anticipated to lucrative growth opportunities in the future with the rising demand for parking sensors in the global market. Below mentioned is the list of few companies engaged in the parking sensors market.

The report also includes the profiles of key parking sensors 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.
  • Analog Devices, Inc
  • Continental AG
  • Denso Corporation
  • Freescale Semiconductor, Ltd.
  • INRIX
  • Nedap
  • NXP Semiconductors N.V
  • Parking Dynamics
  • Robert Bosch GmbH
  • Texas Instruments Incorporated

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
o Parking Sensors Market - By Type
o Parking Sensors Market - By Technology
o Parking Sensors Market - By Installation
o Parking Sensors Market - By Vehicle Type
o Parking Sensors Market - By Region
- By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PARKING SENSORS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. ECOSYSTEM ANALYSIS
4.3. PEST ANALYSIS
4.3.1. North America - PEST Analysis
4.3.2. Europe - PEST Analysis
4.3.3. Asia Pacific (APAC) - PEST Analysis
4.3.4. Middle East & Africa (MEA) - PEST Analysis
4.3.5. South America (SAM)- PEST Analysis
5. PARKING SENSORS MARKET - KEY INDUSTRY 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. PARKING SENSORS MARKET - GLOBAL MARKET ANALYSIS
6.1. PARKING SENSORS- GLOBAL MARKET OVERVIEW
6.2. PARKING SENSORS- GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE
7. PARKING SENSORS MARKET REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. FRONT PARKING SENSORS
7.3.1. Overview
7.3.2. Front Parking Sensors Market Forecast and Analysis
7.4. REVERSE PARKING SENSORS
7.4.1. Overview
7.4.2. Reverse Parking Sensors Market Forecast and Analysis
8. PARKING SENSORS MARKET REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. ULTRASONIC
8.3.1. Overview
8.3.2. Ultrasonic Market Forecast and Analysis
8.4. ELECTROMAGNETIC
8.4.1. Overview
8.4.2. Electromagnetic Market Forecast and Analysis
8.5. INFRARED
8.5.1. Overview
8.5.2. Infrared Market Forecast and Analysis
8.6. LASER
8.6.1. Overview
8.6.2. Laser Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. PARKING SENSORS MARKET REVENUE AND FORECASTS TO 2028 - INSTALLATION
9.1. OVERVIEW
9.2. INSTALLATION MARKET FORECASTS AND ANALYSIS
9.3. ORIGINAL EQUIPMENT MANUFACTURERS (OEMS)
9.3.1. Overview
9.3.2. Original Equipment Manufacturers (OEMs) Market Forecast and Analysis
9.4. AFTERMARKET
9.4.1. Overview
9.4.2. Aftermarket Market Forecast and Analysis
10. PARKING SENSORS MARKET REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
10.1. OVERVIEW
10.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
10.3. HEAVY COMMERCIAL VEHICLES
10.3.1. Overview
10.3.2. Heavy Commercial Vehicles Market Forecast and Analysis
10.4. LIGHT & MEDIUM COMMERCIAL VEHICLES
10.4.1. Overview
10.4.2. Light & Medium Commercial Vehicles Market Forecast and Analysis
10.5. PASSENGER CARS
10.5.1. Overview
10.5.2. Passenger Cars Market Forecast and Analysis
11. PARKING SENSORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1. North America Parking Sensors Market Overview
11.1.2. North America Parking Sensors Market Forecasts and Analysis
11.1.3. North America Market Forecasts and Analysis - By Type
11.1.4. North America Market Forecasts and Analysis - By Technology
11.1.5. North America Market Forecasts and Analysis - By Installation
11.1.6. North America Market Forecasts and Analysis - By Vehicle Type
11.1.7. North America Market Forecasts and Analysis - By Countries
11.1.7.1. US market
11.1.7.1.1. US Market by Type
11.1.7.1.2. US Market by Technology
11.1.7.1.3. US Market by Installation
11.1.7.1.4. US Market by Vehicle Type
11.1.7.2. Canada market
11.1.7.2.1. Canada Market by Type
11.1.7.2.2. Canada Market by Technology
11.1.7.2.3. Canada Market by Installation
11.1.7.2.4. Canada Market by Vehicle Type
11.1.7.3. Mexico market
11.1.7.3.1. Mexico Market by Type
11.1.7.3.2. Mexico Market by Technology
11.1.7.3.3. Mexico Market by Installation
11.1.7.3.4. Mexico Market by Vehicle Type
11.2. EUROPE
11.2.1. Europe Parking Sensors Market Overview
11.2.2. Europe Parking Sensors Market Forecasts and Analysis
11.2.3. Europe Market Forecasts and Analysis - By Type
11.2.4. Europe Market Forecasts and Analysis - By Technology
11.2.5. Europe Market Forecasts and Analysis - By Installation
11.2.6. Europe Market Forecasts and Analysis - By Vehicle Type
11.2.7. Europe Market Forecasts and Analysis - By Countries
11.2.7.1. France market
11.2.7.1.1. France Market by Type
11.2.7.1.2. France Market by Technology
11.2.7.1.3. France Market by Installation
11.2.7.1.4. France Market by Vehicle Type
11.2.7.2. Germany market
11.2.7.2.1. Germany Market by Type
11.2.7.2.2. Germany Market by Technology
11.2.7.2.3. Germany Market by Installation
11.2.7.2.4. Germany Market by Vehicle Type
11.2.7.3. Italy market
11.2.7.3.1. Italy Market by Type
11.2.7.3.2. Italy Market by Technology
11.2.7.3.3. Italy Market by Installation
11.2.7.3.4. Italy Market by Vehicle Type
11.2.7.4. Russia market
11.2.7.4.1. Russia Market by Type
11.2.7.4.2. Russia Market by Technology
11.2.7.4.3. Russia Market by Installation
11.2.7.4.4. Russia Market by Vehicle Type
11.2.7.5. UK market
11.2.7.5.1. UK Market by Type
11.2.7.5.2. UK Market by Technology
11.2.7.5.3. UK Market by Installation
11.2.7.5.4. UK Market by Vehicle Type
11.2.7.6. Rest of Europe market
11.2.7.6.1. Rest of Europe Market by Type
11.2.7.6.2. Rest of Europe Market by Technology
11.2.7.6.3. Rest of Europe Market by Installation
11.2.7.6.4. Rest of Europe Market by Vehicle Type
11.3. ASIA PACIFIC (APAC)
11.3.1. Asia Pacific Parking Sensors Market Overview
11.3.2. Asia Pacific Parking Sensors Market Forecasts and Analysis
11.3.3. Asia Pacific Market Forecasts and Analysis - By Type
11.3.4. Asia Pacific Market Forecasts and Analysis - By Technology
11.3.5. Asia Pacific Market Forecasts and Analysis - By Installation
11.3.6. Asia Pacific Market Forecasts and Analysis - By Vehicle Type
11.3.7. Asia Pacific Market Forecasts and Analysis - By Countries
11.3.7.1. South Korea
11.3.7.1.1. South Korea Market by Type
11.3.7.1.2. South Korea Market by Technology
11.3.7.1.3. South Korea Market by Installation
11.3.7.1.4. South Korea Market by Vehicle Type
11.3.7.2. China market
11.3.7.2.1. China Market by Type
11.3.7.2.2. China Market by Technology
11.3.7.2.3. China Market by Installation
11.3.7.2.4. China Market by Vehicle Type
11.3.7.3. India market
11.3.7.3.1. India Market by Type
11.3.7.3.2. India Market by Technology
11.3.7.3.3. India Market by Installation
11.3.7.3.4. India Market by Vehicle Type
11.3.7.4. Japan market
11.3.7.4.1. Japan Market by Type
11.3.7.4.2. Japan Market by Technology
11.3.7.4.3. Japan Market by Installation
11.3.7.4.4. Japan Market by Vehicle Type
11.3.7.5. Australia market
11.3.7.5.1. Australia Market by Type
11.3.7.5.2. Australia Market by Technology
11.3.7.5.3. Australia Market by Installation
11.3.7.5.4. Australia Market by Vehicle Type
11.3.7.6. Rest of APAC market
11.3.7.6.1. Rest of APAC Market by Type
11.3.7.6.2. Rest of APAC Market by Technology
11.3.7.6.3. Rest of APAC Market by Installation
11.3.7.6.4. Rest of APAC Market by Vehicle Type


11.4. MIDDLE EAST AND AFRICA (MEA)
11.4.1. Middle East and Africa Parking Sensors Market Overview
11.4.2. Middle East and Africa Parking Sensors Market Forecasts and Analysis
11.4.3. Middle East and Africa Market Forecasts and Analysis - By Type
11.4.4. Middle East and Africa Market Forecasts and Analysis - By Technology
11.4.5. Middle East and Africa Market Forecasts and Analysis - By Installation
11.4.6. Middle East and Africa Market Forecasts and Analysis - By Vehicle Type
11.4.7. Middle East and Africa Market Forecasts and Analysis - By Countries
11.4.7.1. South Africa market
11.4.7.1.1. South Africa Market by Type
11.4.7.1.2. South Africa Market by Technology
11.4.7.1.3. South Africa Market by Installation
11.4.7.1.4. South Africa Market by Vehicle Type
11.4.7.2. Saudi Arabia market
11.4.7.2.1. Saudi Arabia Market by Type
11.4.7.2.2. Saudi Arabia Market by Technology
11.4.7.2.3. Saudi Arabia Market by Installation
11.4.7.2.4. Saudi Arabia Market by Vehicle Type
11.4.7.3. UAE market
11.4.7.3.1. UAE Market by Type
11.4.7.3.2. UAE Market by Technology
11.4.7.3.3. UAE Market by Installation
11.4.7.3.4. UAE Market by Vehicle Type
11.4.7.4. Rest of MEA market
11.4.7.4.1. Rest of MEA Market by Type
11.4.7.4.2. Rest of MEA Market by Technology
11.4.7.4.3. Rest of MEA Market by Installation
11.4.7.4.4. Rest of MEA Market by Vehicle Type
11.5. SOUTH AMERICA (SAM)
11.5.1. South America Parking Sensors Market Overview
11.5.2. South America Parking Sensors Market Forecasts and Analysis
11.5.3. South America Market Forecasts and Analysis - By Type
11.5.4. South America Market Forecasts and Analysis - By Technology
11.5.5. South America Market Forecasts and Analysis - By Installation
11.5.6. South America Market Forecasts and Analysis - By Vehicle Type
11.5.7. South America Market Forecasts and Analysis - By Countries
11.5.7.1. Brazil market
11.5.7.1.1. Brazil Market by Type
11.5.7.1.2. Brazil Market by Technology
11.5.7.1.3. Brazil Market by Installation
11.5.7.1.4. Brazil Market by Vehicle Type
11.5.7.2. Argentina market
11.5.7.2.1. Argentina Market by Type
11.5.7.2.2. Argentina Market by Technology
11.5.7.2.3. Argentina Market by Installation
11.5.7.2.4. Argentina Market by Vehicle Type
11.5.7.3. Rest of SAM market
11.5.7.3.1. Rest of SAM Market by Type
11.5.7.3.2. Rest of SAM Market by Technology
11.5.7.3.3. Rest of SAM Market by Installation
11.5.7.3.4. Rest of SAM Market by Vehicle Type
12. INDUSTRY LANDSCAPE
12.1. MERGERS & ACQUISITIONS
12.2. MARKET INITIATIVES
12.3. NEW DEVELOPMENTS
13. PARKING SENSORS MARKET, KEY COMPANY PROFILES
13.1. ANALOG DEVICES, INC
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products & Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. CONTINENTAL AG
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products & Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. DENSO CORPORATION
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products & Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. FREESCALE SEMICONDUCTOR, LTD.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products & Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. INRIX
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products & Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. NEDAP
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products & Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. NXP SEMICONDUCTORS N.V
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products & Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. PARKING DYNAMICS
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products & Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. ROBERT BOSCH GMBH
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products & Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. TEXAS INSTRUMENTS INCORPORATED
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products & Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments

14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. Analog Devices, Inc
2. Continental AG
3. Denso Corporation
4. Freescale Semiconductor, Ltd.
5. INRIX
6. Nedap
7. NXP Semiconductors N.V
8. Parking Dynamics
9. Robert Bosch GmbH
10. 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.

  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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