Automotive Actuator Market Dynamics, Growth, Trends, and Opportunities 2031

Coverage: Automotive Actuator Market covers analysis By Type (Hydraulic Actuator, Electric Actuator, Pneumatic Actuator); Application (Throttle, Fuel Injection, Brake, Others), and Geography

  • Report Code : TIPAT00002106
  • Category : Automotive and Transportation
  • No. of Pages : 150
Buy Now

Automotive Actuator Market Forecast (2024-2031), Size

Buy Now

The Automotive Actuator Market is expected to register a CAGR of 5.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

The report is segmented by Type (Hydraulic Actuator, Electric Actuator, Pneumatic Actuator); Application (Throttle, Fuel Injection, Brake, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Automotive Actuator Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Automotive Actuator Market Segmentation

Type

  • Hydraulic Actuator
  • Electric Actuator
  • Pneumatic Actuator

Application

  • Throttle
  • Fuel Injection
  • Brake
  • Others

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Automotive Actuator Market: Strategic Insights

automotive-actuator-market
Analyst Image

Naveen

Have a question?

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

Analyst Image  Speak to Analyst

Automotive Actuator Market Growth Drivers

  • Growing demand for ADAS: Automotive safety focus coupled with full-vehicle automation is driving a market towards the adoption of ADAS. A key role actuators play in these systems opened a vast market in applications including but not limited to, adaptive cruise control, lane-keeping assistant and emergency automatic braking. With the increasing importance on safety and the strict regulations that demand manufacturers to be compliant, ADAS integration into vehicles is becoming a common phenomenon. In the near future, adoption of actuators is likely to increase with innovation and improvement in vehicle safety technologies from automobile manufacturers, which would drive the growth of the automotive actuator market.
  • Increasing adoption of electric vehicles: Electric vehicles with different actuators that control activities such as the management of the battery systems, thermal management, and the powertrain, are now being seen on roads. Different countries have implemented regulations by their governments to adopt electric vehicles, thus spending heavily on electric vehicle technologies for manufacture. This does not only demand new actuator designs but also encourages more efficient, lightweight, and compact actuators, thus developing a strong market for the component as the production of EVs is scaled up.
  • Fuel Efficiency and Reduced Emissions: The growing environmental concerns and regulatory pressures are compelling car manufacturers to improve fuel efficiency and reduce emissions. Actuators are key enablers for optimizing the performance of the engine itself and the aerodynamics of a vehicle, directly contributing to improved fuel economy and reduction in emissions. Technologies such as variable valve timing and active grille shutters rely on actuators for parameter adjustment in the airflow and the engine. Growing demands of the actuators to improve these will make the automotive actuator market boost up with the help of advanced strategy for achieving high emission standards with the support of the manufacturer.

Automotive Actuator Market Future Trends

  • Technological Innovations: With much scope for innovation, the Automotive Actuator Market has lucrative opportunities. The companies are focusing on developing smart actuators with sensors and feedback systems to improve performance and reliability. The companies are meeting the emerging requirements in the automotive industry, particularly for electric and autonomous vehicles, by ensuring actuators are smaller, lighter, and more energy-efficient. With this inclusion of IoT technology to the actuators, there can be in-depth real-time monitoring and diagnostics possible, increasing their value proposition and providing new revenues to the manufacturer.
  • Increasing demand for Self-driven Vehicles: Increased traction for the autonomous cars generates high demand in the market of an actuator in automobile. This fast-increasing self-drive technology requires extremely precise and highly reliable actuators, especially to operate the self-working vehicles safely as well with optimal efficiency. Actuators will be of paramount importance for controlling steering, braking systems, throttle, and even suspension systems. This trend can be exploited by manufacturers to design specific actuators dedicated to autonomous applications and position themselves as a future leader in mobility while gaining from the massive investments in autonomous vehicle technology

Automotive Actuator Market Opportunities

  • Increased integration of electrification: The use of electric actuators slowly replaces the traditional hydraulic and pneumatic actuators because energy efficiency and better precision as well as control are attained with these actuators. Electric Actuator Trend: This falls along the general trend with car manufacturer companies moving towards increased use of electrics and hybrids. Improved Performance through better fuel efficiency and minimal additional overall mass reduction on fuel consumption is achieved, contributing positively in every case. Manufacturers will target an increasingly complex electric actuator technology as this continues.
  • Increasing Application of Modular and Scalable Actuator Solutions: This is an era in which the automotive world is shifting toward modular and scalable actuator solutions. For example, automobile manufacturers today consider parts that can easily be included in a variety of vehicle platforms and configurations. The purpose of using this method is to allow for greater flexibility in manufacturing and lower production and inventory management costs. The automobile actuator market would change if a new application is introduced because modular actuators, adapted to the new application, would make manufacturers more responsive to market demands and consumer preference shifts. Customization and flexibility in actuator design would determine the future automotive actuator market and force innovation and collaboration between industry players.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Automotive Actuator Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Automotive Actuator Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

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.

Frequently Asked Questions


What are the options available for the customization of this report?

Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.

What are the deliverable formats of the Automotive Actuator Market report?

The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.

Which are the leading players operating in the Automotive Actuator Market

The leading players operating in the Automotive Actuator Market include Cebi Group, Efi Automotive, Continental AG, DENSO CORPORATION, HELLA GmbH and Co KGaA, Johnson Electric Holdings Limited, Mitsubishi Electric Corporation, NIDEC CORPORATION, Rheinmetall Automotive AG, Robert Bosch GmbH

What is the expected CAGR of the Automotive Actuator Market?

The Automotive Actuator Market is estimated to witness a CAGR of 5.7% from 2023 to 2031

What is the future trend of the Automotive Actuator Market?

Electrification Trend is the key future trend of the Automotive Actuator Market

What are the growth opportunities impacting the global Automotive Actuator Market?

The major factors driving the Automotive Actuator Market are: Vehicle Automation Advancements#More Demand for Electric Vehicles (EVs)

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 Automotive Actuator Market - By Type
1.3.2 Automotive Actuator Market - By Application
1.3.3 Automotive Actuator Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. AUTOMOTIVE ACTUATOR 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. AUTOMOTIVE ACTUATOR 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. AUTOMOTIVE ACTUATOR MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE ACTUATOR - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE ACTUATOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. AUTOMOTIVE ACTUATOR MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. HYDRAULIC ACTUATOR
7.3.1. Overview
7.3.2. Hydraulic Actuator Market Forecast and Analysis
7.4. ELECTRIC ACTUATOR
7.4.1. Overview
7.4.2. Electric Actuator Market Forecast and Analysis
7.5. PNEUMATIC ACTUATOR
7.5.1. Overview
7.5.2. Pneumatic Actuator Market Forecast and Analysis
8. AUTOMOTIVE ACTUATOR MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. THROTTLE
8.3.1. Overview
8.3.2. Throttle Market Forecast and Analysis
8.4. FUEL INJECTION
8.4.1. Overview
8.4.2. Fuel Injection Market Forecast and Analysis
8.5. BRAKE
8.5.1. Overview
8.5.2. Brake Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

9. AUTOMOTIVE ACTUATOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Automotive Actuator Market Overview
9.1.2 North America Automotive Actuator Market Forecasts and Analysis
9.1.3 North America Automotive Actuator Market Forecasts and Analysis - By Type
9.1.4 North America Automotive Actuator Market Forecasts and Analysis - By Application
9.1.5 North America Automotive Actuator Market Forecasts and Analysis - By Countries
9.1.5.1 United States Automotive Actuator Market
9.1.5.1.1 United States Automotive Actuator Market by Type
9.1.5.1.2 United States Automotive Actuator Market by Application
9.1.5.2 Canada Automotive Actuator Market
9.1.5.2.1 Canada Automotive Actuator Market by Type
9.1.5.2.2 Canada Automotive Actuator Market by Application
9.1.5.3 Mexico Automotive Actuator Market
9.1.5.3.1 Mexico Automotive Actuator Market by Type
9.1.5.3.2 Mexico Automotive Actuator Market by Application
9.2. EUROPE
9.2.1 Europe Automotive Actuator Market Overview
9.2.2 Europe Automotive Actuator Market Forecasts and Analysis
9.2.3 Europe Automotive Actuator Market Forecasts and Analysis - By Type
9.2.4 Europe Automotive Actuator Market Forecasts and Analysis - By Application
9.2.5 Europe Automotive Actuator Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Automotive Actuator Market
9.2.5.1.1 Germany Automotive Actuator Market by Type
9.2.5.1.2 Germany Automotive Actuator Market by Application
9.2.5.2 France Automotive Actuator Market
9.2.5.2.1 France Automotive Actuator Market by Type
9.2.5.2.2 France Automotive Actuator Market by Application
9.2.5.3 Italy Automotive Actuator Market
9.2.5.3.1 Italy Automotive Actuator Market by Type
9.2.5.3.2 Italy Automotive Actuator Market by Application
9.2.5.4 United Kingdom Automotive Actuator Market
9.2.5.4.1 United Kingdom Automotive Actuator Market by Type
9.2.5.4.2 United Kingdom Automotive Actuator Market by Application
9.2.5.5 Russia Automotive Actuator Market
9.2.5.5.1 Russia Automotive Actuator Market by Type
9.2.5.5.2 Russia Automotive Actuator Market by Application
9.2.5.6 Rest of Europe Automotive Actuator Market
9.2.5.6.1 Rest of Europe Automotive Actuator Market by Type
9.2.5.6.2 Rest of Europe Automotive Actuator Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Automotive Actuator Market Overview
9.3.2 Asia-Pacific Automotive Actuator Market Forecasts and Analysis
9.3.3 Asia-Pacific Automotive Actuator Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Automotive Actuator Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Automotive Actuator Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Automotive Actuator Market
9.3.5.1.1 Australia Automotive Actuator Market by Type
9.3.5.1.2 Australia Automotive Actuator Market by Application
9.3.5.2 China Automotive Actuator Market
9.3.5.2.1 China Automotive Actuator Market by Type
9.3.5.2.2 China Automotive Actuator Market by Application
9.3.5.3 India Automotive Actuator Market
9.3.5.3.1 India Automotive Actuator Market by Type
9.3.5.3.2 India Automotive Actuator Market by Application
9.3.5.4 Japan Automotive Actuator Market
9.3.5.4.1 Japan Automotive Actuator Market by Type
9.3.5.4.2 Japan Automotive Actuator Market by Application
9.3.5.5 South Korea Automotive Actuator Market
9.3.5.5.1 South Korea Automotive Actuator Market by Type
9.3.5.5.2 South Korea Automotive Actuator Market by Application
9.3.5.6 Rest of Asia-Pacific Automotive Actuator Market
9.3.5.6.1 Rest of Asia-Pacific Automotive Actuator Market by Type
9.3.5.6.2 Rest of Asia-Pacific Automotive Actuator Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Automotive Actuator Market Overview
9.4.2 Middle East and Africa Automotive Actuator Market Forecasts and Analysis
9.4.3 Middle East and Africa Automotive Actuator Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Automotive Actuator Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Automotive Actuator Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Automotive Actuator Market
9.4.5.1.1 South Africa Automotive Actuator Market by Type
9.4.5.1.2 South Africa Automotive Actuator Market by Application
9.4.5.2 Saudi Arabia Automotive Actuator Market
9.4.5.2.1 Saudi Arabia Automotive Actuator Market by Type
9.4.5.2.2 Saudi Arabia Automotive Actuator Market by Application
9.4.5.3 U.A.E Automotive Actuator Market
9.4.5.3.1 U.A.E Automotive Actuator Market by Type
9.4.5.3.2 U.A.E Automotive Actuator Market by Application
9.4.5.4 Rest of Middle East and Africa Automotive Actuator Market
9.4.5.4.1 Rest of Middle East and Africa Automotive Actuator Market by Type
9.4.5.4.2 Rest of Middle East and Africa Automotive Actuator Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Automotive Actuator Market Overview
9.5.2 South and Central America Automotive Actuator Market Forecasts and Analysis
9.5.3 South and Central America Automotive Actuator Market Forecasts and Analysis - By Type
9.5.4 South and Central America Automotive Actuator Market Forecasts and Analysis - By Application
9.5.5 South and Central America Automotive Actuator Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Automotive Actuator Market
9.5.5.1.1 Brazil Automotive Actuator Market by Type
9.5.5.1.2 Brazil Automotive Actuator Market by Application
9.5.5.2 Argentina Automotive Actuator Market
9.5.5.2.1 Argentina Automotive Actuator Market by Type
9.5.5.2.2 Argentina Automotive Actuator Market by Application
9.5.5.3 Rest of South and Central America Automotive Actuator Market
9.5.5.3.1 Rest of South and Central America Automotive Actuator Market by Type
9.5.5.3.2 Rest of South and Central America Automotive Actuator 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. AUTOMOTIVE ACTUATOR MARKET, KEY COMPANY PROFILES
11.1. CEBI GROUP
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. EFI AUTOMOTIVE
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. CONTINENTAL AG
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. DENSO CORPORATION
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. HELLA GMBH AND CO. KGAA
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. JOHNSON ELECTRIC HOLDINGS LIMITED
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. MITSUBISHI ELECTRIC CORPORATION
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. NIDEC CORPORATION
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. RHEINMETALL AUTOMOTIVE AG
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. ROBERT BOSCH GMBH
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. Cebi Group
2. Efi Automotive
3. Continental AG
4. DENSO CORPORATION
5. HELLA GmbH and Co. KGaA
6. Johnson Electric Holdings Limited
7. Mitsubishi Electric Corporation
8. NIDEC CORPORATION
9. Rheinmetall Automotive AG
10. Robert Bosch GmbH

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 Automotive and Transportation : READ MORE..