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

Coverage: Power Module Market covers analysis by Voltage Rating (Up To 600 V, 1200 V, Above 1200 V); Current Rating (Up to 100 A, 101-600 A, Above 600 A); Power Device (IGBT, MOSFET); Application (Consumer, Industrial) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00012733
  • Category : Electronics and Semiconductor
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

The power module is an assembly, including various power components that are properly interconnected to perform the power conversion function. Increasing demand for consumer electronics products is one of the major factors supporting the growth of the power module market. The power module market is highly fragmented with the presence of a large number of well-established as well as regional players operating in the market.

MARKET DYNAMICS

The increasing popularity of electric vehicles and the growing demand for consumer electronics are the major factors supporting the growth of the power module market. However, the slow adoption of new technologies in developing countries might hinder the growth of the power module market. Increasing penetration of wireless connectivity power modules is creating lucrative business opportunities in the market. APAC is expected to hold a significant share of the power module market owing to the growing consumer electronics industry in the region.

MARKET SCOPE

The "Global Power Module Market Analysis to 2028" is a specialized and in-depth study of the power module market with a special focus on the global market trend analysis. The report aims to provide an overview of power module market with detailed market segmentation by voltage rating, current rating, power device, application and geography. The global power module market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading power module market players and offers key trends and opportunities in the power module market.

MARKET SEGMENTATION

The global power module market is segmented on the basis of voltage rating, current rating, power device, application. Based on voltage rating, the market is segmented as Up To 600 V, 1200 V, Above 1200 V. On the basis of current rating, the market is segmented as Up to 100 A, 101-600 A, Above 600 A. On the basis of power device, the market is segmented as IGBT and MOSFET. Based on application, the market is segmented as consumer and industrial.

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 power module 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 power module 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 power module 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 affecting the power module 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 power module 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 power module 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 power module 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 affecting the power module market in these regions.

MARKET PLAYERS

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

The report also includes the profiles of key power module 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.

  •   Galco Industrial Electronics
  •   Infineon Technologies AG
  •   Microsemi (Microchip Technology Inc.)
  •   Mitsubishi Electric Corporation
  •   Monolithic Power Systems, INC.
  •   Renesas Electronics Corporation
  •   Rohm Semiconductor
  •   Solid State Devices, Inc.
  •   Stmicroelectronics
  •   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
1.3.1 Power Module Market - By Voltage Rating
1.3.2 Power Module Market - By Current Rating
1.3.3 Power Module Market - By Power Device
1.3.4 Power Module Market - By Application
1.3.5 Power Module Market - By Region
1.3.5.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. POWER MODULE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. POWER MODULE 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. POWER MODULE MARKET - GLOBAL MARKET ANALYSIS
6.1. POWER MODULE - GLOBAL MARKET OVERVIEW
6.2. POWER MODULE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. POWER MODULE MARKET - REVENUE AND FORECASTS TO 2028 - VOLTAGE RATING
7.1. OVERVIEW
7.2. VOLTAGE RATING MARKET FORECASTS AND ANALYSIS
7.3. UP TO 600 V
7.3.1. Overview
7.3.2. Up To 600 V Market Forecast and Analysis
7.4. 1200 V
7.4.1. Overview
7.4.2. 1200 V Market Forecast and Analysis
7.5. ABOVE 1200 V
7.5.1. Overview
7.5.2. Above 1200 V Market Forecast and Analysis
8. POWER MODULE MARKET - REVENUE AND FORECASTS TO 2028 - CURRENT RATING
8.1. OVERVIEW
8.2. CURRENT RATING MARKET FORECASTS AND ANALYSIS
8.3. UP TO 100 A
8.3.1. Overview
8.3.2. Up to 100 A Market Forecast and Analysis
8.4. 101-600 A
8.4.1. Overview
8.4.2. 101-600 A Market Forecast and Analysis
8.5. ABOVE 600 A
8.5.1. Overview
8.5.2. Above 600 A Market Forecast and Analysis
9. POWER MODULE MARKET - REVENUE AND FORECASTS TO 2028 - POWER DEVICE
9.1. OVERVIEW
9.2. POWER DEVICE MARKET FORECASTS AND ANALYSIS
9.3. IGBT
9.3.1. Overview
9.3.2. IGBT Market Forecast and Analysis
9.4. MOSFET
9.4.1. Overview
9.4.2. MOSFET Market Forecast and Analysis
10. POWER MODULE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. CONSUMER
10.3.1. Overview
10.3.2. Consumer Market Forecast and Analysis
10.3.3. Air Conditioner Market
10.3.3.1. Overview
10.3.3.2. Air Conditioner Market Forecast and Analysis
10.3.4. Washing Machine Market
10.3.4.1. Overview
10.3.4.2. Washing Machine Market Forecast and Analysis
10.3.5. Refrigerators Market
10.3.5.1. Overview
10.3.5.2. Refrigerators Market Forecast and Analysis
10.3.6. Others Market
10.3.6.1. Overview
10.3.6.2. Others Market Forecast and Analysis
10.4. INDUSTRIAL
10.4.1. Overview
10.4.2. Industrial Market Forecast and Analysis
10.4.3. Servo Drives Market
10.4.3.1. Overview
10.4.3.2. Servo Drives Market Forecast and Analysis
10.4.4. Transportation Market
10.4.4.1. Overview
10.4.4.2. Transportation Market Forecast and Analysis
10.4.5. UPS Market
10.4.5.1. Overview
10.4.5.2. UPS Market Forecast and Analysis
10.4.6. Renewable Energy Market
10.4.6.1. Overview
10.4.6.2. Renewable Energy Market Forecast and Analysis
10.4.7. Others Market
10.4.7.1. Overview
10.4.7.2. Others Market Forecast and Analysis

11. POWER MODULE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Power Module Market Overview
11.1.2 North America Power Module Market Forecasts and Analysis
11.1.3 North America Power Module Market Forecasts and Analysis - By Voltage Rating
11.1.4 North America Power Module Market Forecasts and Analysis - By Current Rating
11.1.5 North America Power Module Market Forecasts and Analysis - By Power Device
11.1.6 North America Power Module Market Forecasts and Analysis - By Application
11.1.7 North America Power Module Market Forecasts and Analysis - By Countries
11.1.7.1 United States Power Module Market
11.1.7.1.1 United States Power Module Market by Voltage Rating
11.1.7.1.2 United States Power Module Market by Current Rating
11.1.7.1.3 United States Power Module Market by Power Device
11.1.7.1.4 United States Power Module Market by Application
11.1.7.2 Canada Power Module Market
11.1.7.2.1 Canada Power Module Market by Voltage Rating
11.1.7.2.2 Canada Power Module Market by Current Rating
11.1.7.2.3 Canada Power Module Market by Power Device
11.1.7.2.4 Canada Power Module Market by Application
11.1.7.3 Mexico Power Module Market
11.1.7.3.1 Mexico Power Module Market by Voltage Rating
11.1.7.3.2 Mexico Power Module Market by Current Rating
11.1.7.3.3 Mexico Power Module Market by Power Device
11.1.7.3.4 Mexico Power Module Market by Application
11.2. EUROPE
11.2.1 Europe Power Module Market Overview
11.2.2 Europe Power Module Market Forecasts and Analysis
11.2.3 Europe Power Module Market Forecasts and Analysis - By Voltage Rating
11.2.4 Europe Power Module Market Forecasts and Analysis - By Current Rating
11.2.5 Europe Power Module Market Forecasts and Analysis - By Power Device
11.2.6 Europe Power Module Market Forecasts and Analysis - By Application
11.2.7 Europe Power Module Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Power Module Market
11.2.7.1.1 Germany Power Module Market by Voltage Rating
11.2.7.1.2 Germany Power Module Market by Current Rating
11.2.7.1.3 Germany Power Module Market by Power Device
11.2.7.1.4 Germany Power Module Market by Application
11.2.7.2 France Power Module Market
11.2.7.2.1 France Power Module Market by Voltage Rating
11.2.7.2.2 France Power Module Market by Current Rating
11.2.7.2.3 France Power Module Market by Power Device
11.2.7.2.4 France Power Module Market by Application
11.2.7.3 Italy Power Module Market
11.2.7.3.1 Italy Power Module Market by Voltage Rating
11.2.7.3.2 Italy Power Module Market by Current Rating
11.2.7.3.3 Italy Power Module Market by Power Device
11.2.7.3.4 Italy Power Module Market by Application
11.2.7.4 United Kingdom Power Module Market
11.2.7.4.1 United Kingdom Power Module Market by Voltage Rating
11.2.7.4.2 United Kingdom Power Module Market by Current Rating
11.2.7.4.3 United Kingdom Power Module Market by Power Device
11.2.7.4.4 United Kingdom Power Module Market by Application
11.2.7.5 Russia Power Module Market
11.2.7.5.1 Russia Power Module Market by Voltage Rating
11.2.7.5.2 Russia Power Module Market by Current Rating
11.2.7.5.3 Russia Power Module Market by Power Device
11.2.7.5.4 Russia Power Module Market by Application
11.2.7.6 Rest of Europe Power Module Market
11.2.7.6.1 Rest of Europe Power Module Market by Voltage Rating
11.2.7.6.2 Rest of Europe Power Module Market by Current Rating
11.2.7.6.3 Rest of Europe Power Module Market by Power Device
11.2.7.6.4 Rest of Europe Power Module Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Power Module Market Overview
11.3.2 Asia-Pacific Power Module Market Forecasts and Analysis
11.3.3 Asia-Pacific Power Module Market Forecasts and Analysis - By Voltage Rating
11.3.4 Asia-Pacific Power Module Market Forecasts and Analysis - By Current Rating
11.3.5 Asia-Pacific Power Module Market Forecasts and Analysis - By Power Device
11.3.6 Asia-Pacific Power Module Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Power Module Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Power Module Market
11.3.7.1.1 Australia Power Module Market by Voltage Rating
11.3.7.1.2 Australia Power Module Market by Current Rating
11.3.7.1.3 Australia Power Module Market by Power Device
11.3.7.1.4 Australia Power Module Market by Application
11.3.7.2 China Power Module Market
11.3.7.2.1 China Power Module Market by Voltage Rating
11.3.7.2.2 China Power Module Market by Current Rating
11.3.7.2.3 China Power Module Market by Power Device
11.3.7.2.4 China Power Module Market by Application
11.3.7.3 India Power Module Market
11.3.7.3.1 India Power Module Market by Voltage Rating
11.3.7.3.2 India Power Module Market by Current Rating
11.3.7.3.3 India Power Module Market by Power Device
11.3.7.3.4 India Power Module Market by Application
11.3.7.4 Japan Power Module Market
11.3.7.4.1 Japan Power Module Market by Voltage Rating
11.3.7.4.2 Japan Power Module Market by Current Rating
11.3.7.4.3 Japan Power Module Market by Power Device
11.3.7.4.4 Japan Power Module Market by Application
11.3.7.5 South Korea Power Module Market
11.3.7.5.1 South Korea Power Module Market by Voltage Rating
11.3.7.5.2 South Korea Power Module Market by Current Rating
11.3.7.5.3 South Korea Power Module Market by Power Device
11.3.7.5.4 South Korea Power Module Market by Application
11.3.7.6 Rest of Asia-Pacific Power Module Market
11.3.7.6.1 Rest of Asia-Pacific Power Module Market by Voltage Rating
11.3.7.6.2 Rest of Asia-Pacific Power Module Market by Current Rating
11.3.7.6.3 Rest of Asia-Pacific Power Module Market by Power Device
11.3.7.6.4 Rest of Asia-Pacific Power Module Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Power Module Market Overview
11.4.2 Middle East and Africa Power Module Market Forecasts and Analysis
11.4.3 Middle East and Africa Power Module Market Forecasts and Analysis - By Voltage Rating
11.4.4 Middle East and Africa Power Module Market Forecasts and Analysis - By Current Rating
11.4.5 Middle East and Africa Power Module Market Forecasts and Analysis - By Power Device
11.4.6 Middle East and Africa Power Module Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Power Module Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Power Module Market
11.4.7.1.1 South Africa Power Module Market by Voltage Rating
11.4.7.1.2 South Africa Power Module Market by Current Rating
11.4.7.1.3 South Africa Power Module Market by Power Device
11.4.7.1.4 South Africa Power Module Market by Application
11.4.7.2 Saudi Arabia Power Module Market
11.4.7.2.1 Saudi Arabia Power Module Market by Voltage Rating
11.4.7.2.2 Saudi Arabia Power Module Market by Current Rating
11.4.7.2.3 Saudi Arabia Power Module Market by Power Device
11.4.7.2.4 Saudi Arabia Power Module Market by Application
11.4.7.3 U.A.E Power Module Market
11.4.7.3.1 U.A.E Power Module Market by Voltage Rating
11.4.7.3.2 U.A.E Power Module Market by Current Rating
11.4.7.3.3 U.A.E Power Module Market by Power Device
11.4.7.3.4 U.A.E Power Module Market by Application
11.4.7.4 Rest of Middle East and Africa Power Module Market
11.4.7.4.1 Rest of Middle East and Africa Power Module Market by Voltage Rating
11.4.7.4.2 Rest of Middle East and Africa Power Module Market by Current Rating
11.4.7.4.3 Rest of Middle East and Africa Power Module Market by Power Device
11.4.7.4.4 Rest of Middle East and Africa Power Module Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Power Module Market Overview
11.5.2 South and Central America Power Module Market Forecasts and Analysis
11.5.3 South and Central America Power Module Market Forecasts and Analysis - By Voltage Rating
11.5.4 South and Central America Power Module Market Forecasts and Analysis - By Current Rating
11.5.5 South and Central America Power Module Market Forecasts and Analysis - By Power Device
11.5.6 South and Central America Power Module Market Forecasts and Analysis - By Application
11.5.7 South and Central America Power Module Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Power Module Market
11.5.7.1.1 Brazil Power Module Market by Voltage Rating
11.5.7.1.2 Brazil Power Module Market by Current Rating
11.5.7.1.3 Brazil Power Module Market by Power Device
11.5.7.1.4 Brazil Power Module Market by Application
11.5.7.2 Argentina Power Module Market
11.5.7.2.1 Argentina Power Module Market by Voltage Rating
11.5.7.2.2 Argentina Power Module Market by Current Rating
11.5.7.2.3 Argentina Power Module Market by Power Device
11.5.7.2.4 Argentina Power Module Market by Application
11.5.7.3 Rest of South and Central America Power Module Market
11.5.7.3.1 Rest of South and Central America Power Module Market by Voltage Rating
11.5.7.3.2 Rest of South and Central America Power Module Market by Current Rating
11.5.7.3.3 Rest of South and Central America Power Module Market by Power Device
11.5.7.3.4 Rest of South and Central America Power Module Market by Application

12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

13. POWER MODULE MARKET, KEY COMPANY PROFILES
13.1. GALCO INDUSTRIAL ELECTRONICS
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. INFINEON TECHNOLOGIES AG
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. MICROSEMI (MICROCHIP TECHNOLOGY INC.)
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. MITSUBISHI ELECTRIC CORPORATION
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. MONOLITHIC POWER SYSTEMS, INC.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. RENESAS ELECTRONICS CORPORATION
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. ROHM SEMICONDUCTOR
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SOLID STATE DEVICES, INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. STMICROELECTRONICS
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and 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 and 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. Galco Industrial Electronics
2. Infineon Technologies AG
3. Microsemi (Microchip Technology Inc.)
4. Mitsubishi Electric Corporation
5. Monolithic Power Systems, Inc.
6. Renesas Electronics Corporation
7. ROHM Semiconductor
8. Solid State Devices, Inc.
9. STMicroelectronics
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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