Asia Pacific Long Read Sequencing Market to Grow at a CAGR of 23.5% to reach US$ 1,095.21 Million from 2021 to 2028
The long read sequencing market in APAC is expected to grow from US$ 250.33 million in 2021 to US$ 1,095.21 million by 2028; it is estimated to grow at a CAGR of 23.5% from 2021 to 2028. Japan, China, India, South Korea, and Australia are major economies in APAC. Five years ago, genomic sequencing was restricted to the research environment. At present, it is increasingly used in clinical practice, and over the next five years, genomic data from over 60 million patients are expected to be generated within healthcare. Genomic sequencing is rapidly transitioning into clinical practice, and implementation into healthcare systems has been supported by substantial government investment, totaling over US$ 4 billion in at least 14 countries. These national genomic-medicine initiatives drive transformative change under real-life conditions while addressing barriers to implementation and gathering evidence for broader adoption, thereby driving the market growth.
In January 2020, after a series of pneumonia cases in Wuhan, the Chinese health authorities, the capital city of Hubei province (China), announced that a novel coronavirus, officially known as severe acute respiratory syndrome coronavirus (SARS-CoV)-2, was responsible for these cases. In mid-January 2020, researchers in China and Australia published the whole genome sequence of SARS-CoV-2. The genomics helped understand SARS-CoV-2, which enabled governments and researchers to track the emergence of Covid-19 outbreaks in their country. The World Health Organization demands an increase in genomic sequencing of the coronavirus after the detection of the new virus strain. For instance, in India, the health ministry has installed the Indian SARS-CoV-2 Genomics Consortium (INSACOG) for laboratory and epidemiological surveillance and develops the virus's whole-genome sequencing, helping in understanding the virus transmission and evolution. Market players realized the importance of genomics in the treatment of COVID 19, which is expected to raise demand for genomic during the forecast period. For instance, the Singapore-incorporated medtech company Cell ID Pte. Ltd. developed a palm-sized portable genetic test kit that uses an app on a laptop to detect, anywhere, anytime, if a person is affected COVID-19. Dubbed the Quiz PCR Biochip, the test uses biotechnology to perform two tests at a time outside of the laboratory. The rising research activities on the COVID-19 virus are paving the way for potential opportunities for start-ups and established businesses. For instance, Haystack Analytics, a start-up company in Mumbai, Maharashtra, is using genomics to study the transmission of the virus and help the government of India. Thus, the increasing demand for genomics is due to rising cases of COVID-19 is driving the growth of the market in the forecasted period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the long read sequencing market. The APAC long read sequencing market is expected to grow at a good CAGR during the forecast period.
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APAC Long Read Sequencing Market Segmentation
APAC Long Read Sequencing Market – By Technology
- Single-Molecule Real-Time Sequencing (SMRT)
- Nanopore Sequencing
- Loop Genomics Long-Read Sequencing
APAC Long Read Sequencing Market – By Product
- Instruments
- Consumables
- Services
APAC Long Read Sequencing Market – By Application
- Identification and fine mapping of structural variation
- Tandem Repeat Sequencing
- Pseudogene discrimination
- Resolving allele phasing
- Reproductive genomics
- Cancer
- Viral and Microbial Sequencing
- Others
APAC Long Read Sequencing Market – By Workflow
- Pre-sequencing
- Sequencing
- Data Analysis
APAC Long Read Sequencing Market – By End User
- Academic Research Institutes
- Hospitals and Clinics
- Pharma and Biotechnology Companies
APAC Long Read Sequencing Market- By Country
- Japan
- China
- India
- South Korea
- Australia
- Rest of APAC
APAC Long Read Sequencing Market-Companies Mentioned
- Bionano Genomics
- F. HOFFMANN-LA ROCHE LTD.
- Illumina, Inc.
- Longas Technologies
- Oxford Nanopore Technologies
- Pacific Biosciences of California, Inc.
- PerkinElmer, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology, Product, Application, Workflow, End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
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 APAC Long Read Sequencing Market – By Technology
1.3.2 APAC Long Read Sequencing Market – By Product
1.3.3 APAC Long Read Sequencing Market – By Application
1.3.4 APAC Long Read Sequencing Market – By Workflow
1.3.5 APAC Long Read Sequencing Market – By End User
1.3.6 APAC Long Read Sequencing Market– By Country
2. APAC Long Read Sequencing Market– Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Long Read Sequencing Market– Market Landscape
4.1 Overview
4.2 APAC PEST Analysis
4.3 Expert Opinion
5. APAC Long Read Sequencing Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Perks of Long Read Sequencing
5.1.2 Growing Prevalence of Chronic Diseases
5.2 Market Restraints
5.2.1 Absence of Skilled Professionals
5.3 Market Opportunities
5.3.1 Growth in Funding for Genomics
5.4 Future Trends
5.4.1 Soaring Demand for Personalized Medicines
5.5 Impact analysis
6. Long Read Sequencing Market– APAC Analysis
6.1 APAC Long Read Sequencing Market Revenue Forecast and Analysis
7. APAC Long Read Sequencing Market Analysis – By Technology
7.1 Overview
7.2 APAC Long Read Sequencing Market Revenue Share, by Technology (2020–2028)
7.3 Single-Molecule Real Time Sequencing (SMRT)
7.3.1 Overview
7.3.2 Single-Molecule Real Time Sequencing (SMRT): Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Nanopore Sequencing
7.4.1 Overview
7.4.2 Nanopore Sequencing: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Loop Genomics Long read sequencing
7.5.1 Overview
7.5.2 Loop Genomics Long read sequencing: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Long Read Sequencing Market Analysis – By Product
8.1 Overview
8.2 APAC Long Read Sequencing Market Revenue Share, by Product (2020–2028)
8.3 Instruments
8.3.1 Overview
8.3.2 Instruments: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Consumables
8.4.1 Overview
8.4.2 Consumables: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Services
8.5.1 Overview
8.5.2 Services: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Long Read Sequencing Market – By Application
9.1 Overview
9.2 APAC Long Read Sequencing Market, by Application, 2020–2028 (%)
9.3 Identification and Fine Mapping of Structural Variation
9.3.1 Overview
9.3.2 Identification and Fine Mapping of Structural Variation: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Tandem Repeat Sequencing
9.4.1 Overview
9.4.2 Tandem Repeat Sequencing: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Pseudogene Discrimination
9.5.1 Overview
9.5.2 Pseudogene Discrimination: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Resolving Allele Phasing
9.6.1 Overview
9.6.2 Resolving Allele Phasing: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Reproductive Genomics
9.7.1 Overview
9.7.2 Reproductive Genomics: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Cancer
9.8.1 Overview
9.8.2 Cancer: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
9.9 Viral and Microbial Sequencing
9.9.1 Overview
9.9.2 Viral and Microbial Sequencing: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
9.10 Others
9.10.1 Overview
9.10.2 Others: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
10. APAC Long Read Sequencing Market – By Workflow
10.1 Overview
10.2 APAC Long Read Sequencing Market, by Workflow, 2020–2028 (%)
10.3 Pre-Sequencing
10.3.1 Overview
10.3.2 Pre-Sequencing: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Sequencing
10.4.1 Overview
10.4.2 Sequencing: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Data Analysis
10.5.1 Overview
10.5.2 Data Analysis: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
11. APAC Long Read Sequencing Market – By End-User
11.1 Overview
11.2 APAC Long Read Sequencing Market, by End-User, 2020–2028 (%)
11.3 Academic Research Institutes
11.3.1 Overview
11.3.2 Academic Research Institutes: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
11.4 Hospitals & Clinics
11.4.1 Overview
11.4.2 Hospitals & Clinics: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
11.5 Pharmaceutical & Biotechnology Companies
11.5.1 Overview
11.5.2 Pharmaceutical & Biotechnology Companies: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
12. APAC Long Read Sequencing Market – Country Analysis
12.1 Overview
12.1.1 Asia Pacific: Long Read Sequencing Market, by Key Country, (2020 & 2028)
12.1.1.1 China
12.1.1.1.1 China: Long Read Sequencing Market – Revenue and Forecast to 2028 (USD Million)
12.1.1.1.2 China: Long Read Sequencing Market, by Technology, 2019–2028 (USD Million)
12.1.1.1.3 China: Long Read Sequencing Market, by Product, 2019–2028 (USD Million)
12.1.1.1.4 China: Long Read Sequencing Market, by Application, 2019–2028 (Million)
12.1.1.1.5 China: Long Read Sequencing Market, by Workflow, 2019–2028 (Million)
12.1.1.1.6 China: Long Read Sequencing Market, by End User, 2019–2028 (USD Million)
12.1.1.2 Japan
12.1.1.2.1 Japan: Long Read Sequencing Market – Revenue and Forecast to 2028 (USD Million)
12.1.1.2.2 Japan: Long Read Sequencing Market, by Technology, 2019–2028 (USD Million)
12.1.1.2.3 Japan: Long Read Sequencing Market, by Product, 2019–2028 (USD Million)
12.1.1.2.4 Japan: Long Read Sequencing Market, by Application, 2019–2028 (Million)
12.1.1.2.5 Japan: Long Read Sequencing Market, by Workflow, 2019–2028 (Million)
12.1.1.2.6 Japan: Long Read Sequencing Market, by End User, 2019–2028 (USD Million)
12.1.1.3 India
12.1.1.3.1 India: Long Read Sequencing Market – Revenue and Forecast to 2028 (USD Million)
12.1.1.3.2 India: Long Read Sequencing Market, by Technology, 2019–2028 (USD Million)
12.1.1.3.3 India: Long Read Sequencing Market, by Product, 2019–2028 (USD Million)
12.1.1.3.4 India: Long Read Sequencing Market, by Application, 2019–2028 (Million)
12.1.1.3.5 India: Long Read Sequencing Market, by Workflow, 2019–2028 (Million)
12.1.1.3.6 India: Long Read Sequencing Market, by End User, 2019–2028 (USD Million)
12.1.1.4 South Korea
12.1.1.4.1 South Korea: Long Read Sequencing Market – Revenue and Forecast to 2028 (USD Million)
12.1.1.4.2 South Korea: Long Read Sequencing Market, by Technology, 2019–2028 (USD Million)
12.1.1.4.3 South Korea: Long Read Sequencing Market, by Product, 2019–2028 (USD Million)
12.1.1.4.4 South Korea: Long Read Sequencing Market, by Application, 2019–2028 (Million)
12.1.1.4.5 South Korea: Long Read Sequencing Market, by Workflow, 2019–2028 (Million)
12.1.1.4.6 South Korea: Long Read Sequencing Market, by End User, 2019–2028 (USD Million)
12.1.1.5 Australia
12.1.1.5.1 Australia: Long Read Sequencing Market – Revenue and Forecast to 2028 (USD Million)
12.1.1.5.2 Australia: Long Read Sequencing Market, by Technology, 2019–2028 (USD Million)
12.1.1.5.3 Australia: Long Read Sequencing Market, by Product, 2019–2028 (USD Million)
12.1.1.5.4 Australia: Long Read Sequencing Market, by Application, 2019–2028 (Million)
12.1.1.5.5 Australia: Long Read Sequencing Market, by Workflow, 2019–2028 (Million)
12.1.1.5.6 Australia: Long Read Sequencing Market, by End User, 2019–2028 (USD Million)
12.1.1.6 Rest of Asia Pacific
12.1.1.6.1 Rest of Asia Pacific: Long Read Sequencing Market – Revenue and Forecast to 2028 (USD Million)
12.1.1.6.2 Rest of Asia Pacific: Long Read Sequencing Market, by Technology, 2019–2028 (USD Million)
12.1.1.6.3 Rest of Asia Pacific: Long Read Sequencing Market, by Product, 2019–2028 (USD Million)
12.1.1.6.4 Rest of Asia Pacific: Long Read Sequencing Market, by Application, 2019–2028 (Million)
12.1.1.6.5 Rest of Asia Pacific: Long Read Sequencing Market, by Workflow, 2019–2028 (Million)
12.1.1.6.6 Rest of Asia Pacific: Long Read Sequencing Market, by End User, 2019–2028 (USD Million)
13. Impact Of COVID-19 Pandemic on APAC Long Read Sequencing Market
13.1 Overview
14. Long Read Sequencing Market–Industry Landscape
14.2 Organic Developments
14.2.1 Overview
14.2.2 organic Developments Done By Companies
14.3 Inorganic Developments
14.3.1 Overview
14.3.2 Inorganic Developments Done By Companies
15. Company Profiles
15.1 Illumina, Inc.
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 Oxford Nanopore Technologies
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 PerkinElmer, Inc.
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 F. HOFFMANN-LA ROCHE LTD.
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Bionano Genomics
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Longas Technologies
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 Pacific Biosciences of California, Inc.
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
16. Appendix
16.1 Glossary of Terms
LIST OF TABLES
Table 1. APAC Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. China: Long Read Sequencing Market, by Technology– Revenue and Forecast to 2028 (USD Million)
Table 3. China: Long Read Sequencing Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 4. China: Long Read Sequencing Market, by Application– Revenue and Forecast to 2028 (Million)
Table 5. China: Long Read Sequencing Market, by Workflow – Revenue and Forecast to 2028 (Million)
Table 6. China: Long Read Sequencing Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 7. Japan: Long Read Sequencing Market, by Technology– Revenue and Forecast to 2028 (USD Million)
Table 8. Japan: Long Read Sequencing Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 9. Japan: Long Read Sequencing Market, by Application– Revenue and Forecast to 2028 (Million)
Table 10. Japan: Long Read Sequencing Market, by Workflow – Revenue and Forecast to 2028 (Million)
Table 11. Japan: Long Read Sequencing Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 12. India: Long Read Sequencing Market, by Technology– Revenue and Forecast to 2028 (USD Million)
Table 13. India: Long Read Sequencing Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 14. India: Long Read Sequencing Market, by Application– Revenue and Forecast to 2028 (Million)
Table 15. India: Long Read Sequencing Market, by Workflow – Revenue and Forecast to 2028 (Million)
Table 16. India: Long Read Sequencing Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 17. South Korea: Long Read Sequencing Market, by Technology– Revenue and Forecast to 2028 (USD Million)
Table 18. South Korea: Long Read Sequencing Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 19. South Korea: Long Read Sequencing Market, by Application– Revenue and Forecast to 2028 (Million)
Table 20. South Korea: Long Read Sequencing Market, by Workflow – Revenue and Forecast to 2028 (Million)
Table 21. South Korea: Long Read Sequencing Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 22. Australia: Long Read Sequencing Market, by Technology– Revenue and Forecast to 2028 (USD Million)
Table 23. Australia: Long Read Sequencing Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 24. Australia: Long Read Sequencing Market, by Application– Revenue and Forecast to 2028 (Million)
Table 25. Australia: Long Read Sequencing Market, by Workflow – Revenue and Forecast to 2028 (Million)
Table 26. Australia: Long Read Sequencing Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 27. Rest of Asia Pacific: Long Read Sequencing Market, by Technology– Revenue and Forecast to 2028 (USD Million)
Table 28. Rest of Asia Pacific: Long Read Sequencing Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 29. Rest of Asia Pacific: Long Read Sequencing Market, by Application– Revenue and Forecast to 2028 (Million)
Table 30. Rest of Asia Pacific: Long Read Sequencing Market, by Workflow – Revenue and Forecast to 2028 (Million)
Table 31. Rest of Asia Pacific: Long Read Sequencing Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 32. Glossary of Terms, APAC Long Read Sequencing Market
LIST OF FIGURES
Figure 1. APAC Long Read Sequencing Market Segmentation
Figure 2. APAC Long Read Sequencing Segmentation, By Country
Figure 3. APAC Long Read Sequencing Market Overview
Figure 4. Single-Molecule Real-Time Sequencing (SMRT) Held Largest Share of APAC Technology Segment in Long Read Sequencing Market
Figure 5. China to Show Remarkable Growth During Forecast Period
Figure 7. APAC: PEST Analysis
Figure 8. APAC Long Read Sequencing Market Impact Analysis of Driver and Restraints
Figure 9. APAC Long Read Sequencing Market– Revenue Forecast and Analysis – 2020- 2028
Figure 10. Long Read Sequencing Market Revenue Share, by Technology (2020–2028)
Figure 11. APAC Single-Molecule Real Time Sequencing (SMRT): Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. APAC Nanopore Sequencing: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Loop Genomics Long read sequencing: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Long Read Sequencing Market Revenue Share, by Product (2020–2028)
Figure 15. APAC Instruments/Systems: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Consumables: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Services: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Long Read Sequencing Market, by Application, 2020–2028 (%)
Figure 19. APAC Identification and Fine Mapping of Structural Variation: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Tandem Repeat Sequencing: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Pseudogene Discrimination: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Resolving Allele Phasing: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Reproductive Genomics: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC Cancer: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. APAC Viral and Microbial Sequencing: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. APAC Others: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. APAC Long Read Sequencing Market, by Workflow, 2020–2028 (%)
Figure 28. APAC Pre-Sequencing: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. APAC Sequencing: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. APAC Data Analysis: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. APAC Long Read Sequencing Market, by End-User, 2020–2028 (%)
Figure 32. APAC Academic Research Institutes: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. APAC Hospitals & Clinics: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. APAC Pharmaceutical & Biotechnology Companies: Long Read Sequencing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Asia Pacific: Long Read Sequencing Market, by Key Country – Revenue (2020) (USD Million)
Figure 36. Asia Pacific: Long Read Sequencing Market, by Key Country,( 2020 & 2028)
Figure 37. China: Long Read Sequencing Market – Revenue and Forecast to 2028 (USD Million)
Figure 38. Japan: Long Read Sequencing Market – Revenue and Forecast to 2028 (USD Million)
Figure 39. India: Long Read Sequencing Market – Revenue and Forecast to 2028 (USD Million)
Figure 40. South Korea: Long Read Sequencing Market – Revenue and Forecast to 2028 (USD Million)
Figure 41. Australia: Long Read Sequencing Market – Revenue and Forecast to 2028 (USD Million)
Figure 42. Rest of Asia Pacific: Long Read Sequencing Market – Revenue and Forecast to 2028 (USD Million)
Figure 43. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- Bionano Genomics
- F. HOFFMANN-LA ROCHE LTD.
- Illumina, Inc.
- Longas Technologies
- Oxford Nanopore Technologies
- Pacific Biosciences of California, Inc.
- PerkinElmer, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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