Absolute Rotary Encoder Market Trends, Opportunities, Size by 2031

Absolute Rotary Encoder Market Size and Forecast (2021-2031), Global and Regional Share, Trends, and Growth Opportunity Analysis by Type (Mechanical Absolute Encoder, Optical Absolute Encoder, and Others); Application (Elevator, NC Machine Tool, Textile Machinery, and Others); End-User (Consumer Electronics, Healthcare, Manufacturing, and Others); and Geography

  • Report Code : TIPRE00019877
  • Category : Electronics and Semiconductor
  • No. of Pages : 150
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Absolute Rotary Encoder Market Key Players Analysis 2031

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Analyst Perspective

The absolute rotary encoder market has been witnessing significant growth over the past few years and is anticipated to have consistent growth in the future. As various industries move towards automation, there has been a positive impact on the absolute rotary encoder market. Along with automation, the surge in the adoption of absolute rotary encoders for applications such as robotics, CNC machining, automotive, medical devices, aerospace & aviation, and others is the major factor driving the growth of the absolute rotary encoder market. However, high implementation and maintenance costs hamper the market growth.

Market Overview

Also known as shaft encoder, the absolute rotary encoder is an electromechanical device that converts angular motion or position of the axel or shaft to a digital signal. The digital signal is created either digitally or analogously, which depends on rational movement. Automation has helped the market grow, and along with it, government initiatives around the world to encourage better infrastructure for industrial companies have also been a reason for this growth. The global absolute rotary encoder market is expected to grow at a CAGR of 7.4% during the forecast period.

Market Driver

Increased automation across industries

Automation is not only convenient for the human workforce but also cuts labor costs. The use of robotics in the manufacturing industry is rising. These robots increase the accuracy and streamline the overall process. Increased use of robotics leads to increased productivity, enhanced safety, improved efficiencies, cost reduction, greater customization and flexibility, and data-driven decision-making. The use of these robots will have a significant impact on the demand for absolute rotary encoders. The advancement will drive the market in the future.

Market Scope

The "Global Absolute Rotary Encoder Market Analysis to 2031ec" is an in-depth and specialized study focusing on the global market trend analysis. The report aims to provide an overview of the absolute rotary encoder market with thorough market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading absolute rotary encoder's market players and offers key trends and opportunities in the market.

Market Segmentation

The absolute rotary encoder market is segmented on the basis of type, application, end-user, and geography. Based on type, the global absolute rotary encoder market is segmented into mechanical absolute encoders, optical absolute encoders, and others. Based on application, the market is segmented into elevator, NC machine tools, textile machinery, and others. On the basis of application, the market is segmented into elevators, NC machine tools, textile machinery, and others.

REGIONAL FRAMEWORK

The report provides a thorough overview of the industry, including qualitative and quantitative information. It provides a run-through and forecast of the global market on the basis of various segments. It also shows the market size and forecast estimates from 2021 to 2031 concerning five major regions: North America, South America, Europe, the Middle East and Africa (MEA), and Asia-Pacific (APAC). The absolute rotary encoder market by region is sub-segmented by countries and segments. The report encompasses the analysis and forecast of 18 countries around the globe, with the current trends and opportunities in the region.

The report analyzes factors affecting the absolute rotary encoder market from both the demand and supply sides. Further, it evaluates the market dynamics impacting the market during the forecast period, i.e., opportunities, future trends, drivers, and restraints. The report also shows a detailed PEST analysis for all five regions, North America, South America, Europe, MEA, and APAC, after evaluating political, economic, social, and technological factors affecting the absolute rotary encoder market in these regions.

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MARKET PLAYERS

The report provides a thorough overview of the industry, including qualitative and quantitative information. It provides a run-through and forecast of the global market on the basis of various segments. It also shows the market size and forecast estimates from 2021 to 2031 concerning five major regions: North America, South America, Europe, the Middle East and Africa (MEA), and Asia-Pacific (APAC). The absolute rotary encoder market by region is sub-segmented by countries and segments. The report encompasses the analysis and forecast of 18 countries around the globe, with the current trends and opportunities in the region.

The report analyzes factors affecting the absolute rotary encoder market from both the demand and supply sides. Further, it evaluates the market dynamics impacting the market during the forecast period, i.e., opportunities, future trends, drivers, and restraints. The report also shows a detailed PEST analysis for all five regions, North America, South America, Europe, MEA, and APAC, after evaluating political, economic, social, and technological factors affecting the absolute rotary encoder market in these regions.

MARKET PLAYERS

The report covers key developments in the absolute rotary encoder market as inorganic and organic growth strategies. Many companies center on organic growth strategies such as product launches, patents and events, and product approval. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have made way for the expansion of business and customer base of market players. The market players from the absolute rotary encoder market are anticipated to have significant growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the absolute rotary encoder market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information for the last 3 years, and key developments in the past five years.

  • TEKT ELECTRONICS CORPORATION
  • Honeywell International, Inc.
  • Pepperl + Fuchs
  • Gurley Precision Instruments
  • Baumer Group
  • Hans Turck GmbH & Co. KG
  •  Tamagawa Seike Co., Ltd.
  • Nemicon Corporation
  • Renishaw PLC
  • Sensata Technologies
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Research Criteria
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Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

This text is related
to country scope.

1. INTRODUCTION
1. 1. SCOPE OF THE STUDY
1. 2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1. 3. MARKET SEGMENTATION
1. 3. 1 Absolute Rotary Encoders Market - By Type
1. 3. 2 Absolute Rotary Encoders Market - By Application
1. 3. 3 Absolute Rotary Encoders Market - By End-User
1. 3. 4 Absolute Rotary Encoders Market - By Region
1. 3. 4. 1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. ABSOLUTE ROTARY ENCODERS 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. ABSOLUTE ROTARY ENCODERS 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. ABSOLUTE ROTARY ENCODERS MARKET - GLOBAL MARKET ANALYSIS
6. 1. ABSOLUTE ROTARY ENCODERS - GLOBAL MARKET OVERVIEW
6. 2. ABSOLUTE ROTARY ENCODERS - GLOBAL MARKET AND FORECAST TO 2028
6. 3. MARKET POSITIONING/MARKET SHARE

7. ABSOLUTE ROTARY ENCODERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7. 1. OVERVIEW
7. 2. TYPE MARKET FORECASTS AND ANALYSIS
7. 3. MECHANICAL ABSOLUTE ENCODER
7. 3. 1. Overview
7. 3. 2. Mechanical Absolute Encoder Market Forecast and Analysis
7. 4. OPTICAL ABSOLUTE ENCODER
7. 4. 1. Overview
7. 4. 2. Optical Absolute Encoder Market Forecast and Analysis
7. 5. OTHERS
7. 5. 1. Overview
7. 5. 2. Others Market Forecast and Analysis

8. ABSOLUTE ROTARY ENCODERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8. 1. OVERVIEW
8. 2. APPLICATION MARKET FORECASTS AND ANALYSIS
8. 3. ELEVATOR
8. 3. 1. Overview
8. 3. 2. Elevator Market Forecast and Analysis
8. 4. NC MACHINE TOOL
8. 4. 1. Overview
8. 4. 2. NC Machine Tool Market Forecast and Analysis
8. 5. TEXTILE MACHINERY
8. 5. 1. Overview
8. 5. 2. Textile Machinery Market Forecast and Analysis
8. 6. OTHERS
8. 6. 1. Overview
8. 6. 2. Others Market Forecast and Analysis

9. ABSOLUTE ROTARY ENCODERS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9. 1. OVERVIEW
9. 2. END-USER MARKET FORECASTS AND ANALYSIS
9. 3. CONSUMER ELECTRONICS
9. 3. 1. Overview
9. 3. 2. Consumer Electronics Market Forecast and Analysis
9. 4. HEALTHCARE
9. 4. 1. Overview
9. 4. 2. Healthcare Market Forecast and Analysis
9. 5. MANUFACTURING
9. 5. 1. Overview
9. 5. 2. Manufacturing Market Forecast and Analysis
9. 6. OTHERS
9. 6. 1. Overview
9. 6. 2. Others Market Forecast and Analysis

10. ABSOLUTE ROTARY ENCODERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10. 1. NORTH AMERICA
10. 1. 1 North America Absolute Rotary Encoders Market Overview
10. 1. 2 North America Absolute Rotary Encoders Market Forecasts and Analysis
10. 1. 3 North America Absolute Rotary Encoders Market Forecasts and Analysis - By Type
10. 1. 4 North America Absolute Rotary Encoders Market Forecasts and Analysis - By Application
10. 1. 5 North America Absolute Rotary Encoders Market Forecasts and Analysis - By End-User
10. 1. 6 North America Absolute Rotary Encoders Market Forecasts and Analysis - By Countries
10. 1. 6. 1 United States Absolute Rotary Encoders Market
10. 1. 6. 1. 1 United States Absolute Rotary Encoders Market by Type
10. 1. 6. 1. 2 United States Absolute Rotary Encoders Market by Application
10. 1. 6. 1. 3 United States Absolute Rotary Encoders Market by End-User
10. 1. 6. 2 Canada Absolute Rotary Encoders Market
10. 1. 6. 2. 1 Canada Absolute Rotary Encoders Market by Type
10. 1. 6. 2. 2 Canada Absolute Rotary Encoders Market by Application
10. 1. 6. 2. 3 Canada Absolute Rotary Encoders Market by End-User
10. 1. 6. 3 Mexico Absolute Rotary Encoders Market
10. 1. 6. 3. 1 Mexico Absolute Rotary Encoders Market by Type
10. 1. 6. 3. 2 Mexico Absolute Rotary Encoders Market by Application
10. 1. 6. 3. 3 Mexico Absolute Rotary Encoders Market by End-User
10. 2. EUROPE
10. 2. 1 Europe Absolute Rotary Encoders Market Overview
10. 2. 2 Europe Absolute Rotary Encoders Market Forecasts and Analysis
10. 2. 3 Europe Absolute Rotary Encoders Market Forecasts and Analysis - By Type
10. 2. 4 Europe Absolute Rotary Encoders Market Forecasts and Analysis - By Application
10. 2. 5 Europe Absolute Rotary Encoders Market Forecasts and Analysis - By End-User
10. 2. 6 Europe Absolute Rotary Encoders Market Forecasts and Analysis - By Countries
10. 2. 6. 1 Germany Absolute Rotary Encoders Market
10. 2. 6. 1. 1 Germany Absolute Rotary Encoders Market by Type
10. 2. 6. 1. 2 Germany Absolute Rotary Encoders Market by Application
10. 2. 6. 1. 3 Germany Absolute Rotary Encoders Market by End-User
10. 2. 6. 2 France Absolute Rotary Encoders Market
10. 2. 6. 2. 1 France Absolute Rotary Encoders Market by Type
10. 2. 6. 2. 2 France Absolute Rotary Encoders Market by Application
10. 2. 6. 2. 3 France Absolute Rotary Encoders Market by End-User
10. 2. 6. 3 Italy Absolute Rotary Encoders Market
10. 2. 6. 3. 1 Italy Absolute Rotary Encoders Market by Type
10. 2. 6. 3. 2 Italy Absolute Rotary Encoders Market by Application
10. 2. 6. 3. 3 Italy Absolute Rotary Encoders Market by End-User
10. 2. 6. 4 United Kingdom Absolute Rotary Encoders Market
10. 2. 6. 4. 1 United Kingdom Absolute Rotary Encoders Market by Type
10. 2. 6. 4. 2 United Kingdom Absolute Rotary Encoders Market by Application
10. 2. 6. 4. 3 United Kingdom Absolute Rotary Encoders Market by End-User
10. 2. 6. 5 Russia Absolute Rotary Encoders Market
10. 2. 6. 5. 1 Russia Absolute Rotary Encoders Market by Type
10. 2. 6. 5. 2 Russia Absolute Rotary Encoders Market by Application
10. 2. 6. 5. 3 Russia Absolute Rotary Encoders Market by End-User
10. 2. 6. 6 Rest of Europe Absolute Rotary Encoders Market
10. 2. 6. 6. 1 Rest of Europe Absolute Rotary Encoders Market by Type
10. 2. 6. 6. 2 Rest of Europe Absolute Rotary Encoders Market by Application
10. 2. 6. 6. 3 Rest of Europe Absolute Rotary Encoders Market by End-User
10. 3. ASIA-PACIFIC
10. 3. 1 Asia-Pacific Absolute Rotary Encoders Market Overview
10. 3. 2 Asia-Pacific Absolute Rotary Encoders Market Forecasts and Analysis
10. 3. 3 Asia-Pacific Absolute Rotary Encoders Market Forecasts and Analysis - By Type
10. 3. 4 Asia-Pacific Absolute Rotary Encoders Market Forecasts and Analysis - By Application
10. 3. 5 Asia-Pacific Absolute Rotary Encoders Market Forecasts and Analysis - By End-User
10. 3. 6 Asia-Pacific Absolute Rotary Encoders Market Forecasts and Analysis - By Countries
10. 3. 6. 1 Australia Absolute Rotary Encoders Market
10. 3. 6. 1. 1 Australia Absolute Rotary Encoders Market by Type
10. 3. 6. 1. 2 Australia Absolute Rotary Encoders Market by Application
10. 3. 6. 1. 3 Australia Absolute Rotary Encoders Market by End-User
10. 3. 6. 2 China Absolute Rotary Encoders Market
10. 3. 6. 2. 1 China Absolute Rotary Encoders Market by Type
10. 3. 6. 2. 2 China Absolute Rotary Encoders Market by Application
10. 3. 6. 2. 3 China Absolute Rotary Encoders Market by End-User
10. 3. 6. 3 India Absolute Rotary Encoders Market
10. 3. 6. 3. 1 India Absolute Rotary Encoders Market by Type
10. 3. 6. 3. 2 India Absolute Rotary Encoders Market by Application
10. 3. 6. 3. 3 India Absolute Rotary Encoders Market by End-User
10. 3. 6. 4 Japan Absolute Rotary Encoders Market
10. 3. 6. 4. 1 Japan Absolute Rotary Encoders Market by Type
10. 3. 6. 4. 2 Japan Absolute Rotary Encoders Market by Application
10. 3. 6. 4. 3 Japan Absolute Rotary Encoders Market by End-User
10. 3. 6. 5 South Korea Absolute Rotary Encoders Market
10. 3. 6. 5. 1 South Korea Absolute Rotary Encoders Market by Type
10. 3. 6. 5. 2 South Korea Absolute Rotary Encoders Market by Application
10. 3. 6. 5. 3 South Korea Absolute Rotary Encoders Market by End-User
10. 3. 6. 6 Rest of Asia-Pacific Absolute Rotary Encoders Market
10. 3. 6. 6. 1 Rest of Asia-Pacific Absolute Rotary Encoders Market by Type
10. 3. 6. 6. 2 Rest of Asia-Pacific Absolute Rotary Encoders Market by Application
10. 3. 6. 6. 3 Rest of Asia-Pacific Absolute Rotary Encoders Market by End-User
10. 4. MIDDLE EAST AND AFRICA
10. 4. 1 Middle East and Africa Absolute Rotary Encoders Market Overview
10. 4. 2 Middle East and Africa Absolute Rotary Encoders Market Forecasts and Analysis
10. 4. 3 Middle East and Africa Absolute Rotary Encoders Market Forecasts and Analysis - By Type
10. 4. 4 Middle East and Africa Absolute Rotary Encoders Market Forecasts and Analysis - By Application
10. 4. 5 Middle East and Africa Absolute Rotary Encoders Market Forecasts and Analysis - By End-User
10. 4. 6 Middle East and Africa Absolute Rotary Encoders Market Forecasts and Analysis - By Countries
10. 4. 6. 1 South Africa Absolute Rotary Encoders Market
10. 4. 6. 1. 1 South Africa Absolute Rotary Encoders Market by Type
10. 4. 6. 1. 2 South Africa Absolute Rotary Encoders Market by Application
10. 4. 6. 1. 3 South Africa Absolute Rotary Encoders Market by End-User
10. 4. 6. 2 Saudi Arabia Absolute Rotary Encoders Market
10. 4. 6. 2. 1 Saudi Arabia Absolute Rotary Encoders Market by Type
10. 4. 6. 2. 2 Saudi Arabia Absolute Rotary Encoders Market by Application
10. 4. 6. 2. 3 Saudi Arabia Absolute Rotary Encoders Market by End-User
10. 4. 6. 3 U. A. E Absolute Rotary Encoders Market
10. 4. 6. 3. 1 U. A. E Absolute Rotary Encoders Market by Type
10. 4. 6. 3. 2 U. A. E Absolute Rotary Encoders Market by Application
10. 4. 6. 3. 3 U. A. E Absolute Rotary Encoders Market by End-User
10. 4. 6. 4 Rest of Middle East and Africa Absolute Rotary Encoders Market
10. 4. 6. 4. 1 Rest of Middle East and Africa Absolute Rotary Encoders Market by Type
10. 4. 6. 4. 2 Rest of Middle East and Africa Absolute Rotary Encoders Market by Application
10. 4. 6. 4. 3 Rest of Middle East and Africa Absolute Rotary Encoders Market by End-User
10. 5. SOUTH AND CENTRAL AMERICA
10. 5. 1 South and Central America Absolute Rotary Encoders Market Overview
10. 5. 2 South and Central America Absolute Rotary Encoders Market Forecasts and Analysis
10. 5. 3 South and Central America Absolute Rotary Encoders Market Forecasts and Analysis - By Type
10. 5. 4 South and Central America Absolute Rotary Encoders Market Forecasts and Analysis - By Application
10. 5. 5 South and Central America Absolute Rotary Encoders Market Forecasts and Analysis - By End-User
10. 5. 6 South and Central America Absolute Rotary Encoders Market Forecasts and Analysis - By Countries
10. 5. 6. 1 Brazil Absolute Rotary Encoders Market
10. 5. 6. 1. 1 Brazil Absolute Rotary Encoders Market by Type
10. 5. 6. 1. 2 Brazil Absolute Rotary Encoders Market by Application
10. 5. 6. 1. 3 Brazil Absolute Rotary Encoders Market by End-User
10. 5. 6. 2 Argentina Absolute Rotary Encoders Market
10. 5. 6. 2. 1 Argentina Absolute Rotary Encoders Market by Type
10. 5. 6. 2. 2 Argentina Absolute Rotary Encoders Market by Application
10. 5. 6. 2. 3 Argentina Absolute Rotary Encoders Market by End-User
10. 5. 6. 3 Rest of South and Central America Absolute Rotary Encoders Market
10. 5. 6. 3. 1 Rest of South and Central America Absolute Rotary Encoders Market by Type
10. 5. 6. 3. 2 Rest of South and Central America Absolute Rotary Encoders Market by Application
10. 5. 6. 3. 3 Rest of South and Central America Absolute Rotary Encoders Market by End-User

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. ABSOLUTE ROTARY ENCODERS MARKET, KEY COMPANY PROFILES
12. 1. HEIDENHAIN
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. TAMAGAWA
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. NEMICON
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. PEPPERL+FUCHS
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. TR ELECTRONIC
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. BAUMER
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. KUEBLER
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. DANAHER (HENGSTLER)
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. OMRON
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. KOYO ELECTRONICS INDUSTRIES CO. , LTD.
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. Heidenhain
  2. Tamagawa
  3. Nemicon
  4. Pepperl+Fuchs
  5. TR Electronic
  6. Baumer
  7. Kuebler
  8. Danaher (Hengstler)
  9. Omron
  10. Koyo Electronics Industries Co., Ltd.

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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