3D Printer Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: 3D Printer Market covers analysis By Technology (Stereo-Lithography, Digital Light Processing, Fused Deposition Modelling, Selective Laser Sintering, Selective Laser Melting, Electron Beam Melting, Binder Jetting, Material Jetting/Wax Casting, Laminated Object Manufacturing); Application (Manufacturing, Medical, Defense, Education and Research, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPTE100000618
  • Category : Electronics and Semiconductor
  • No. of Pages : 150
Buy Now

3D Printer Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Buy Now

MARKET INTRODUCTION

3D printing, also known as additive manufacturing (AM), is a technique for creating three-dimensional objects in which layers of material are produced under computer control. In recent years, 3D printing has gained a lot of attention in the media. In some industries, 3-D printing has progressed from a prototyping to a manufacturing system in recent years, as new materials and processes have expanded capabilities and reduced costs to the point where small businesses and also the individual consumers can now afford to create and make their own 3-dimensional objects.

MARKET SCOPE

The "Global 3D printer Market Analysis to 2031" is a specialized and in-depth study of the 3D printer Market with a special focus on the global market trend analysis. The report aims to provide an overview of 3D printer market with detailed market segmentation by technology and application. The global 3D printer market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading 3D printer market player and offers key trends and opportunities in the 3D printer market.

MARKET SEGMENTATION

  •   Based on technology the market is segmented as, stereo
  •  lithography, digital light processing, fused deposition modelling, selective laser sintering, selective laser melting, electron beam melting, binder jetting, laminated object manufacturing.
  •   Further, based on application the market is segmented as, manufacturing, medical, defense, education and research, others.

    MARKET DYNAMICS

    Drivers

    •   The capacity to produce customized items, as well as the reduction of errors and development costs and time, are driving the 3D printer market.
    •   Furthermore, the increased use of 3D printing in healthcare and other industries is expected to fuel the market growth.
    •   Growing adoption of 3D printer across verticals is also expected to propel market growth during the forecast period.

    Restraints

    •   High cost of 3D printers and dearth of skilled people is expected to restrain market growth.

    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 3D printer market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The 3D printer 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 3D printer 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 3D printer market in these regions.

    IMPACT OF COVID-19 ON 3D PRINTER MARKET
    COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

    World Geography

    Have a question?

    Analyst

    Naveen

    Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

    Analyst   Speak to Analyst
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    • Request discounts available for Start-Ups & Universities
    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 3D printer market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The 3D printer 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 3D printer 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 3D printer market in these regions.

    IMPACT OF COVID-19 ON 3D PRINTER MARKET
    COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

    MARKET PLAYERS

    The reports cover key developments in the 3D printer market 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 3D printer market are anticipated to lucrative growth opportunities in the future with the rising demand for 3D printer market. Below mentioned is the list of few companies engaged in the 3D printer market.

    The report also includes the profiles of key 3D printer 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.

    •   Stratasys Ltd
    •   Materialise NV
    •   SLM Solutions
    •   Nano Dimension
    •   ExOne
    •   Organovo Holdings Inc.
    •   voxeljet AG
    •   HP Development Company, L.P
    •   Proto Labs
    •   3D Systems Inc.

    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 3D Printer Market - By Technology
    1.3.2 3D Printer Market - By Application
    1.3.3 3D Printer Market - By Region
    1.3.3.1 By Country

    2. KEY TAKEAWAYS

    3. RESEARCH METHODOLOGY

    4. 3D PRINTER 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. 3D PRINTER 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. 3D PRINTER MARKET - GLOBAL MARKET ANALYSIS
    6.1. 3D PRINTER - GLOBAL MARKET OVERVIEW
    6.2. 3D PRINTER - GLOBAL MARKET AND FORECAST TO 2028
    6.3. MARKET POSITIONING/MARKET SHARE

    7. 3D PRINTER MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
    7.1. OVERVIEW
    7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
    7.3. STEREO-LITHOGRAPHY
    7.3.1. Overview
    7.3.2. Stereo-Lithography Market Forecast and Analysis
    7.4. DIGITAL LIGHT PROCESSING
    7.4.1. Overview
    7.4.2. Digital Light Processing Market Forecast and Analysis
    7.5. FUSED DEPOSITION MODELLING
    7.5.1. Overview
    7.5.2. Fused Deposition Modelling Market Forecast and Analysis
    7.6. SELECTIVE LASER SINTERING
    7.6.1. Overview
    7.6.2. Selective Laser Sintering Market Forecast and Analysis
    7.7. SELECTIVE LASER MELTING
    7.7.1. Overview
    7.7.2. Selective Laser Melting Market Forecast and Analysis
    7.8. ELECTRON BEAM MELTING
    7.8.1. Overview
    7.8.2. Electron Beam Melting Market Forecast and Analysis
    7.9. BINDER JETTING
    7.9.1. Overview
    7.9.2. Binder Jetting Market Forecast and Analysis
    7.10. MATERIAL JETTING/WAX CASTING
    7.10.1. Overview
    7.10.2. Material Jetting/Wax Casting Market Forecast and Analysis
    7.11. LAMINATED OBJECT MANUFACTURING
    7.11.1. Overview
    7.11.2. Laminated Object Manufacturing Market Forecast and Analysis
    8. 3D PRINTER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
    8.1. OVERVIEW
    8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
    8.3. MANUFACTURING
    8.3.1. Overview
    8.3.2. Manufacturing Market Forecast and Analysis
    8.4. MEDICAL
    8.4.1. Overview
    8.4.2. Medical Market Forecast and Analysis
    8.5. DEFENSE
    8.5.1. Overview
    8.5.2. Defense Market Forecast and Analysis
    8.6. EDUCATION AND RESEARCH
    8.6.1. Overview
    8.6.2. Education and Research Market Forecast and Analysis
    8.7. OTHERS
    8.7.1. Overview
    8.7.2. others Market Forecast and Analysis

    9. 3D PRINTER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
    9.1. NORTH AMERICA
    9.1.1 North America 3D Printer Market Overview
    9.1.2 North America 3D Printer Market Forecasts and Analysis
    9.1.3 North America 3D Printer Market Forecasts and Analysis - By Technology
    9.1.4 North America 3D Printer Market Forecasts and Analysis - By Application
    9.1.5 North America 3D Printer Market Forecasts and Analysis - By Countries
    9.1.5.1 United States 3D Printer Market
    9.1.5.1.1 United States 3D Printer Market by Technology
    9.1.5.1.2 United States 3D Printer Market by Application
    9.1.5.2 Canada 3D Printer Market
    9.1.5.2.1 Canada 3D Printer Market by Technology
    9.1.5.2.2 Canada 3D Printer Market by Application
    9.1.5.3 Mexico 3D Printer Market
    9.1.5.3.1 Mexico 3D Printer Market by Technology
    9.1.5.3.2 Mexico 3D Printer Market by Application
    9.2. EUROPE
    9.2.1 Europe 3D Printer Market Overview
    9.2.2 Europe 3D Printer Market Forecasts and Analysis
    9.2.3 Europe 3D Printer Market Forecasts and Analysis - By Technology
    9.2.4 Europe 3D Printer Market Forecasts and Analysis - By Application
    9.2.5 Europe 3D Printer Market Forecasts and Analysis - By Countries
    9.2.5.1 Germany 3D Printer Market
    9.2.5.1.1 Germany 3D Printer Market by Technology
    9.2.5.1.2 Germany 3D Printer Market by Application
    9.2.5.2 France 3D Printer Market
    9.2.5.2.1 France 3D Printer Market by Technology
    9.2.5.2.2 France 3D Printer Market by Application
    9.2.5.3 Italy 3D Printer Market
    9.2.5.3.1 Italy 3D Printer Market by Technology
    9.2.5.3.2 Italy 3D Printer Market by Application
    9.2.5.4 United Kingdom 3D Printer Market
    9.2.5.4.1 United Kingdom 3D Printer Market by Technology
    9.2.5.4.2 United Kingdom 3D Printer Market by Application
    9.2.5.5 Russia 3D Printer Market
    9.2.5.5.1 Russia 3D Printer Market by Technology
    9.2.5.5.2 Russia 3D Printer Market by Application
    9.2.5.6 Rest of Europe 3D Printer Market
    9.2.5.6.1 Rest of Europe 3D Printer Market by Technology
    9.2.5.6.2 Rest of Europe 3D Printer Market by Application
    9.3. ASIA-PACIFIC
    9.3.1 Asia-Pacific 3D Printer Market Overview
    9.3.2 Asia-Pacific 3D Printer Market Forecasts and Analysis
    9.3.3 Asia-Pacific 3D Printer Market Forecasts and Analysis - By Technology
    9.3.4 Asia-Pacific 3D Printer Market Forecasts and Analysis - By Application
    9.3.5 Asia-Pacific 3D Printer Market Forecasts and Analysis - By Countries
    9.3.5.1 Australia 3D Printer Market
    9.3.5.1.1 Australia 3D Printer Market by Technology
    9.3.5.1.2 Australia 3D Printer Market by Application
    9.3.5.2 China 3D Printer Market
    9.3.5.2.1 China 3D Printer Market by Technology
    9.3.5.2.2 China 3D Printer Market by Application
    9.3.5.3 India 3D Printer Market
    9.3.5.3.1 India 3D Printer Market by Technology
    9.3.5.3.2 India 3D Printer Market by Application
    9.3.5.4 Japan 3D Printer Market
    9.3.5.4.1 Japan 3D Printer Market by Technology
    9.3.5.4.2 Japan 3D Printer Market by Application
    9.3.5.5 South Korea 3D Printer Market
    9.3.5.5.1 South Korea 3D Printer Market by Technology
    9.3.5.5.2 South Korea 3D Printer Market by Application
    9.3.5.6 Rest of Asia-Pacific 3D Printer Market
    9.3.5.6.1 Rest of Asia-Pacific 3D Printer Market by Technology
    9.3.5.6.2 Rest of Asia-Pacific 3D Printer Market by Application
    9.4. MIDDLE EAST AND AFRICA
    9.4.1 Middle East and Africa 3D Printer Market Overview
    9.4.2 Middle East and Africa 3D Printer Market Forecasts and Analysis
    9.4.3 Middle East and Africa 3D Printer Market Forecasts and Analysis - By Technology
    9.4.4 Middle East and Africa 3D Printer Market Forecasts and Analysis - By Application
    9.4.5 Middle East and Africa 3D Printer Market Forecasts and Analysis - By Countries
    9.4.5.1 South Africa 3D Printer Market
    9.4.5.1.1 South Africa 3D Printer Market by Technology
    9.4.5.1.2 South Africa 3D Printer Market by Application
    9.4.5.2 Saudi Arabia 3D Printer Market
    9.4.5.2.1 Saudi Arabia 3D Printer Market by Technology
    9.4.5.2.2 Saudi Arabia 3D Printer Market by Application
    9.4.5.3 U.A.E 3D Printer Market
    9.4.5.3.1 U.A.E 3D Printer Market by Technology
    9.4.5.3.2 U.A.E 3D Printer Market by Application
    9.4.5.4 Rest of Middle East and Africa 3D Printer Market
    9.4.5.4.1 Rest of Middle East and Africa 3D Printer Market by Technology
    9.4.5.4.2 Rest of Middle East and Africa 3D Printer Market by Application
    9.5. SOUTH AND CENTRAL AMERICA
    9.5.1 South and Central America 3D Printer Market Overview
    9.5.2 South and Central America 3D Printer Market Forecasts and Analysis
    9.5.3 South and Central America 3D Printer Market Forecasts and Analysis - By Technology
    9.5.4 South and Central America 3D Printer Market Forecasts and Analysis - By Application
    9.5.5 South and Central America 3D Printer Market Forecasts and Analysis - By Countries
    9.5.5.1 Brazil 3D Printer Market
    9.5.5.1.1 Brazil 3D Printer Market by Technology
    9.5.5.1.2 Brazil 3D Printer Market by Application
    9.5.5.2 Argentina 3D Printer Market
    9.5.5.2.1 Argentina 3D Printer Market by Technology
    9.5.5.2.2 Argentina 3D Printer Market by Application
    9.5.5.3 Rest of South and Central America 3D Printer Market
    9.5.5.3.1 Rest of South and Central America 3D Printer Market by Technology
    9.5.5.3.2 Rest of South and Central America 3D Printer Market by Application

    10. INDUSTRY LANDSCAPE
    10.1. MERGERS AND ACQUISITIONS
    10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
    10.3. NEW PRODUCT LAUNCHES
    10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

    11. 3D PRINTER MARKET, KEY COMPANY PROFILES
    11.1. STRATASYS LTD.
    11.1.1. Key Facts
    11.1.2. Business Description
    11.1.3. Products and Services
    11.1.4. Financial Overview
    11.1.5. SWOT Analysis
    11.1.6. Key Developments
    11.2. MATERIALISE NV
    11.2.1. Key Facts
    11.2.2. Business Description
    11.2.3. Products and Services
    11.2.4. Financial Overview
    11.2.5. SWOT Analysis
    11.2.6. Key Developments
    11.3. SLM SOLUTIONS
    11.3.1. Key Facts
    11.3.2. Business Description
    11.3.3. Products and Services
    11.3.4. Financial Overview
    11.3.5. SWOT Analysis
    11.3.6. Key Developments
    11.4. NANO DIMENSION
    11.4.1. Key Facts
    11.4.2. Business Description
    11.4.3. Products and Services
    11.4.4. Financial Overview
    11.4.5. SWOT Analysis
    11.4.6. Key Developments
    11.5. EXONE
    11.5.1. Key Facts
    11.5.2. Business Description
    11.5.3. Products and Services
    11.5.4. Financial Overview
    11.5.5. SWOT Analysis
    11.5.6. Key Developments
    11.6. ORGANOVO HOLDINGS INC.
    11.6.1. Key Facts
    11.6.2. Business Description
    11.6.3. Products and Services
    11.6.4. Financial Overview
    11.6.5. SWOT Analysis
    11.6.6. Key Developments
    11.7. VOXELJET AG
    11.7.1. Key Facts
    11.7.2. Business Description
    11.7.3. Products and Services
    11.7.4. Financial Overview
    11.7.5. SWOT Analysis
    11.7.6. Key Developments
    11.8. HP DEVELOPMENT COMPANY, L.P
    11.8.1. Key Facts
    11.8.2. Business Description
    11.8.3. Products and Services
    11.8.4. Financial Overview
    11.8.5. SWOT Analysis
    11.8.6. Key Developments
    11.9. PROTO LABS
    11.9.1. Key Facts
    11.9.2. Business Description
    11.9.3. Products and Services
    11.9.4. Financial Overview
    11.9.5. SWOT Analysis
    11.9.6. Key Developments
    11.10. 3D SYSTEMS INC.
    11.10.1. Key Facts
    11.10.2. Business Description
    11.10.3. Products and Services
    11.10.4. Financial Overview
    11.10.5. SWOT Analysis
    11.10.6. Key Developments

    12. APPENDIX
    12.1. ABOUT THE INSIGHT PARTNERS
    12.2. GLOSSARY OF TERMS
    The List of Companies

    1. Stratasys Ltd.
    2. Materialise NV
    3. SLM Solutions
    4. Nano Dimension
    5. ExOne
    6. Organovo Holdings Inc.
    7. voxeljet AG
    8. HP Development Company, L.P
    9. Proto Labs
    10. 3D Systems Inc.

    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.

    Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

    Trends and growth analysis reports related to Electronics and Semiconductor : READ MORE..