Auto Dimming Mirror Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The auto dimming mirrors are also known as electrochromic or electronic chromic mirrors. These mirrors are designed to improve the night vision for the safety of the driver. Auto-dimming mirrors sense the light of the front or rear of a vehicle in dim lights and reduce the reflexibility of the mirror, ultimately reducing the glaze. Also, upon exposure of the mirror's surface to sunlight or headlight, these mirrors lessen the discomfort and glare by automatically dimming in proportion to the intensity of light much like our eyeglass lenses.
MARKET DYNAMICS
The auto dimming mirror market is anticipated to witness symbolic growth in the forecast period owing to several driving factors such as growing incidences of night accidents due to blind spots and rising focus of the consumers towards safety and convenient features. Moreover, many OEMs are using this technology as differentiating products, which in turn is further expected to fuel the auto dimming mirror market. However, the use of cameras and other display-based technology is likely to affect the growth of the auto dimming mirror market. On the other hand, integration of advanced features such as navigation, infotainment offers lucrative opportunities for the players involved in the auto dimming mirror market during the forecast period.
MARKET SCOPE
The "Global Auto Dimming Mirror Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of auto dimming mirror market with detailed market segmentation by type, function, fuel type, vehicle type and geography. The global auto dimming mirror market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading auto dimming mirror market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global auto dimming mirror market is segmented on the basis of type, function, fuel type and vehicle type. Based on type, the market is segmented as connected and non-connected. By function, the market is segmented into outer rear view and inside rear view. On the basis of the fuel type, the market is segmented as internal combustion engine, electric vehicle and others. The market on the basis of the vehicle type is classified as light commercial vehicles and passenger cars.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global auto dimming mirror market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The auto dimming mirror market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting auto dimming mirror market from both demand and supply side and further evaluates market dynamics affecting 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 & Central America after evaluating political, economic, social and technological factors affecting the auto dimming mirror market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global auto dimming mirror market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The auto dimming mirror market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting auto dimming mirror market from both demand and supply side and further evaluates market dynamics affecting 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 & Central America after evaluating political, economic, social and technological factors affecting the auto dimming mirror market in these regions.
The reports cover key developments in the auto dimming mirror 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 the way for the expansion of business and customer base of market players. The market payers from auto dimming mirror market are anticipated to lucrative growth opportunities in the future with the rising demand for auto dimming mirror in the global market. Below mentioned is the list of few companies engaged in the auto dimming mirror market.
The report also includes the profiles of key auto dimming mirror 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 the last three years, key developments in the past five years.
- Ficosa Internacional SA
- Flabeg Automotive Holding GmbH
- Gentex Corporation
- Honda Lock Mfg. Co., Ltd.
- Ichikoh Industries, Ltd.
- Konview Electronics Corporation Limited
- Magna International Inc.
- Murakami Corporation
- Samvardhana Motherson Group
- SL Corporation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
This text is related
to segments covered.
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
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 Auto Dimming Mirror Market - By Type
1.3.2 Auto Dimming Mirror Market - By Function
1.3.3 Auto Dimming Mirror Market - By Fuel Type
1.3.4 Auto Dimming Mirror Market - By Vehicle Type
1.3.5 Auto Dimming Mirror Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTO DIMMING MIRROR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTO DIMMING MIRROR 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. AUTO DIMMING MIRROR MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTO DIMMING MIRROR - GLOBAL MARKET OVERVIEW
6.2. AUTO DIMMING MIRROR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTO DIMMING MIRROR MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CONNECTED
7.3.1. Overview
7.3.2. Connected Market Forecast and Analysis
7.4. NON-CONNECTED
7.4.1. Overview
7.4.2. Non-Connected Market Forecast and Analysis
8. AUTO DIMMING MIRROR MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
8.1. OVERVIEW
8.2. FUNCTION MARKET FORECASTS AND ANALYSIS
8.3. OUTER REAR VIEW
8.3.1. Overview
8.3.2. Outer Rear View Market Forecast and Analysis
8.4. INSIDE REAR VIEW
8.4.1. Overview
8.4.2. Inside Rear View Market Forecast and Analysis
9. AUTO DIMMING MIRROR MARKET - REVENUE AND FORECASTS TO 2028 - FUEL TYPE
9.1. OVERVIEW
9.2. FUEL TYPE MARKET FORECASTS AND ANALYSIS
9.3. INTERNAL COMBUSTION ENGINE
9.3.1. Overview
9.3.2. Internal Combustion Engine Market Forecast and Analysis
9.4. ELECTRIC VEHICLE
9.4.1. Overview
9.4.2. Electric Vehicle Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. AUTO DIMMING MIRROR MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
10.1. OVERVIEW
10.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
10.3. LIGHT COMMERCIAL VEHICLES
10.3.1. Overview
10.3.2. Light Commercial Vehicles Market Forecast and Analysis
10.4. PASSENGER CARS
10.4.1. Overview
10.4.2. Passenger Cars Market Forecast and Analysis
11. AUTO DIMMING MIRROR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Auto Dimming Mirror Market Overview
11.1.2 North America Auto Dimming Mirror Market Forecasts and Analysis
11.1.3 North America Auto Dimming Mirror Market Forecasts and Analysis - By Type
11.1.4 North America Auto Dimming Mirror Market Forecasts and Analysis - By Function
11.1.5 North America Auto Dimming Mirror Market Forecasts and Analysis - By Fuel Type
11.1.6 North America Auto Dimming Mirror Market Forecasts and Analysis - By Vehicle Type
11.1.7 North America Auto Dimming Mirror Market Forecasts and Analysis - By Countries
11.1.7.1 United States Auto Dimming Mirror Market
11.1.7.1.1 United States Auto Dimming Mirror Market by Type
11.1.7.1.2 United States Auto Dimming Mirror Market by Function
11.1.7.1.3 United States Auto Dimming Mirror Market by Fuel Type
11.1.7.1.4 United States Auto Dimming Mirror Market by Vehicle Type
11.1.7.2 Canada Auto Dimming Mirror Market
11.1.7.2.1 Canada Auto Dimming Mirror Market by Type
11.1.7.2.2 Canada Auto Dimming Mirror Market by Function
11.1.7.2.3 Canada Auto Dimming Mirror Market by Fuel Type
11.1.7.2.4 Canada Auto Dimming Mirror Market by Vehicle Type
11.1.7.3 Mexico Auto Dimming Mirror Market
11.1.7.3.1 Mexico Auto Dimming Mirror Market by Type
11.1.7.3.2 Mexico Auto Dimming Mirror Market by Function
11.1.7.3.3 Mexico Auto Dimming Mirror Market by Fuel Type
11.1.7.3.4 Mexico Auto Dimming Mirror Market by Vehicle Type
11.2. EUROPE
11.2.1 Europe Auto Dimming Mirror Market Overview
11.2.2 Europe Auto Dimming Mirror Market Forecasts and Analysis
11.2.3 Europe Auto Dimming Mirror Market Forecasts and Analysis - By Type
11.2.4 Europe Auto Dimming Mirror Market Forecasts and Analysis - By Function
11.2.5 Europe Auto Dimming Mirror Market Forecasts and Analysis - By Fuel Type
11.2.6 Europe Auto Dimming Mirror Market Forecasts and Analysis - By Vehicle Type
11.2.7 Europe Auto Dimming Mirror Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Auto Dimming Mirror Market
11.2.7.1.1 Germany Auto Dimming Mirror Market by Type
11.2.7.1.2 Germany Auto Dimming Mirror Market by Function
11.2.7.1.3 Germany Auto Dimming Mirror Market by Fuel Type
11.2.7.1.4 Germany Auto Dimming Mirror Market by Vehicle Type
11.2.7.2 France Auto Dimming Mirror Market
11.2.7.2.1 France Auto Dimming Mirror Market by Type
11.2.7.2.2 France Auto Dimming Mirror Market by Function
11.2.7.2.3 France Auto Dimming Mirror Market by Fuel Type
11.2.7.2.4 France Auto Dimming Mirror Market by Vehicle Type
11.2.7.3 Italy Auto Dimming Mirror Market
11.2.7.3.1 Italy Auto Dimming Mirror Market by Type
11.2.7.3.2 Italy Auto Dimming Mirror Market by Function
11.2.7.3.3 Italy Auto Dimming Mirror Market by Fuel Type
11.2.7.3.4 Italy Auto Dimming Mirror Market by Vehicle Type
11.2.7.4 United Kingdom Auto Dimming Mirror Market
11.2.7.4.1 United Kingdom Auto Dimming Mirror Market by Type
11.2.7.4.2 United Kingdom Auto Dimming Mirror Market by Function
11.2.7.4.3 United Kingdom Auto Dimming Mirror Market by Fuel Type
11.2.7.4.4 United Kingdom Auto Dimming Mirror Market by Vehicle Type
11.2.7.5 Russia Auto Dimming Mirror Market
11.2.7.5.1 Russia Auto Dimming Mirror Market by Type
11.2.7.5.2 Russia Auto Dimming Mirror Market by Function
11.2.7.5.3 Russia Auto Dimming Mirror Market by Fuel Type
11.2.7.5.4 Russia Auto Dimming Mirror Market by Vehicle Type
11.2.7.6 Rest of Europe Auto Dimming Mirror Market
11.2.7.6.1 Rest of Europe Auto Dimming Mirror Market by Type
11.2.7.6.2 Rest of Europe Auto Dimming Mirror Market by Function
11.2.7.6.3 Rest of Europe Auto Dimming Mirror Market by Fuel Type
11.2.7.6.4 Rest of Europe Auto Dimming Mirror Market by Vehicle Type
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Auto Dimming Mirror Market Overview
11.3.2 Asia-Pacific Auto Dimming Mirror Market Forecasts and Analysis
11.3.3 Asia-Pacific Auto Dimming Mirror Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Auto Dimming Mirror Market Forecasts and Analysis - By Function
11.3.5 Asia-Pacific Auto Dimming Mirror Market Forecasts and Analysis - By Fuel Type
11.3.6 Asia-Pacific Auto Dimming Mirror Market Forecasts and Analysis - By Vehicle Type
11.3.7 Asia-Pacific Auto Dimming Mirror Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Auto Dimming Mirror Market
11.3.7.1.1 Australia Auto Dimming Mirror Market by Type
11.3.7.1.2 Australia Auto Dimming Mirror Market by Function
11.3.7.1.3 Australia Auto Dimming Mirror Market by Fuel Type
11.3.7.1.4 Australia Auto Dimming Mirror Market by Vehicle Type
11.3.7.2 China Auto Dimming Mirror Market
11.3.7.2.1 China Auto Dimming Mirror Market by Type
11.3.7.2.2 China Auto Dimming Mirror Market by Function
11.3.7.2.3 China Auto Dimming Mirror Market by Fuel Type
11.3.7.2.4 China Auto Dimming Mirror Market by Vehicle Type
11.3.7.3 India Auto Dimming Mirror Market
11.3.7.3.1 India Auto Dimming Mirror Market by Type
11.3.7.3.2 India Auto Dimming Mirror Market by Function
11.3.7.3.3 India Auto Dimming Mirror Market by Fuel Type
11.3.7.3.4 India Auto Dimming Mirror Market by Vehicle Type
11.3.7.4 Japan Auto Dimming Mirror Market
11.3.7.4.1 Japan Auto Dimming Mirror Market by Type
11.3.7.4.2 Japan Auto Dimming Mirror Market by Function
11.3.7.4.3 Japan Auto Dimming Mirror Market by Fuel Type
11.3.7.4.4 Japan Auto Dimming Mirror Market by Vehicle Type
11.3.7.5 South Korea Auto Dimming Mirror Market
11.3.7.5.1 South Korea Auto Dimming Mirror Market by Type
11.3.7.5.2 South Korea Auto Dimming Mirror Market by Function
11.3.7.5.3 South Korea Auto Dimming Mirror Market by Fuel Type
11.3.7.5.4 South Korea Auto Dimming Mirror Market by Vehicle Type
11.3.7.6 Rest of Asia-Pacific Auto Dimming Mirror Market
11.3.7.6.1 Rest of Asia-Pacific Auto Dimming Mirror Market by Type
11.3.7.6.2 Rest of Asia-Pacific Auto Dimming Mirror Market by Function
11.3.7.6.3 Rest of Asia-Pacific Auto Dimming Mirror Market by Fuel Type
11.3.7.6.4 Rest of Asia-Pacific Auto Dimming Mirror Market by Vehicle Type
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Auto Dimming Mirror Market Overview
11.4.2 Middle East and Africa Auto Dimming Mirror Market Forecasts and Analysis
11.4.3 Middle East and Africa Auto Dimming Mirror Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Auto Dimming Mirror Market Forecasts and Analysis - By Function
11.4.5 Middle East and Africa Auto Dimming Mirror Market Forecasts and Analysis - By Fuel Type
11.4.6 Middle East and Africa Auto Dimming Mirror Market Forecasts and Analysis - By Vehicle Type
11.4.7 Middle East and Africa Auto Dimming Mirror Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Auto Dimming Mirror Market
11.4.7.1.1 South Africa Auto Dimming Mirror Market by Type
11.4.7.1.2 South Africa Auto Dimming Mirror Market by Function
11.4.7.1.3 South Africa Auto Dimming Mirror Market by Fuel Type
11.4.7.1.4 South Africa Auto Dimming Mirror Market by Vehicle Type
11.4.7.2 Saudi Arabia Auto Dimming Mirror Market
11.4.7.2.1 Saudi Arabia Auto Dimming Mirror Market by Type
11.4.7.2.2 Saudi Arabia Auto Dimming Mirror Market by Function
11.4.7.2.3 Saudi Arabia Auto Dimming Mirror Market by Fuel Type
11.4.7.2.4 Saudi Arabia Auto Dimming Mirror Market by Vehicle Type
11.4.7.3 U.A.E Auto Dimming Mirror Market
11.4.7.3.1 U.A.E Auto Dimming Mirror Market by Type
11.4.7.3.2 U.A.E Auto Dimming Mirror Market by Function
11.4.7.3.3 U.A.E Auto Dimming Mirror Market by Fuel Type
11.4.7.3.4 U.A.E Auto Dimming Mirror Market by Vehicle Type
11.4.7.4 Rest of Middle East and Africa Auto Dimming Mirror Market
11.4.7.4.1 Rest of Middle East and Africa Auto Dimming Mirror Market by Type
11.4.7.4.2 Rest of Middle East and Africa Auto Dimming Mirror Market by Function
11.4.7.4.3 Rest of Middle East and Africa Auto Dimming Mirror Market by Fuel Type
11.4.7.4.4 Rest of Middle East and Africa Auto Dimming Mirror Market by Vehicle Type
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Auto Dimming Mirror Market Overview
11.5.2 South and Central America Auto Dimming Mirror Market Forecasts and Analysis
11.5.3 South and Central America Auto Dimming Mirror Market Forecasts and Analysis - By Type
11.5.4 South and Central America Auto Dimming Mirror Market Forecasts and Analysis - By Function
11.5.5 South and Central America Auto Dimming Mirror Market Forecasts and Analysis - By Fuel Type
11.5.6 South and Central America Auto Dimming Mirror Market Forecasts and Analysis - By Vehicle Type
11.5.7 South and Central America Auto Dimming Mirror Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Auto Dimming Mirror Market
11.5.7.1.1 Brazil Auto Dimming Mirror Market by Type
11.5.7.1.2 Brazil Auto Dimming Mirror Market by Function
11.5.7.1.3 Brazil Auto Dimming Mirror Market by Fuel Type
11.5.7.1.4 Brazil Auto Dimming Mirror Market by Vehicle Type
11.5.7.2 Argentina Auto Dimming Mirror Market
11.5.7.2.1 Argentina Auto Dimming Mirror Market by Type
11.5.7.2.2 Argentina Auto Dimming Mirror Market by Function
11.5.7.2.3 Argentina Auto Dimming Mirror Market by Fuel Type
11.5.7.2.4 Argentina Auto Dimming Mirror Market by Vehicle Type
11.5.7.3 Rest of South and Central America Auto Dimming Mirror Market
11.5.7.3.1 Rest of South and Central America Auto Dimming Mirror Market by Type
11.5.7.3.2 Rest of South and Central America Auto Dimming Mirror Market by Function
11.5.7.3.3 Rest of South and Central America Auto Dimming Mirror Market by Fuel Type
11.5.7.3.4 Rest of South and Central America Auto Dimming Mirror Market by Vehicle Type
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. AUTO DIMMING MIRROR MARKET, KEY COMPANY PROFILES
13.1. FICOSA INTERNACIONAL SA
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. FLABEG AUTOMOTIVE HOLDING GMBH
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. GENTEX CORPORATION
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. HONDA LOCK MFG. CO., LTD.
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. ICHIKOH INDUSTRIES, LTD.
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. KONVIEW ELECTRONICS CORPORATION LIMITED
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. MAGNA INTERNATIONAL INC.
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. MURAKAMI CORPORATION
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. SAMVARDHANA MOTHERSON GROUP
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. SL CORPORATION
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
1.Ficosa Internacional SA
2.Flabeg Automotive Holding GmbH
3.Gentex Corporation
4.Honda Lock Mfg. Co., Ltd.
5.Ichikoh Industries, Ltd.
6.Konview Electronics Corporation Limited
7.Magna International Inc.
8.Murakami Corporation
9.Samvardhana Motherson Group
10.SL Corporation
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.