Automotive Antenna Module Market Dynamics and Share 2031
The Automotive Antenna Module Market is expected to register a CAGR of 8.1% during 2023–2031. The evolution of advanced technologies in vehicles is likely to remain a key trend in the market.
Automotive Antenna Module Market Analysis
- A significant growth of the market expansion for automotive antenna modules is being driven by the growing integration of advanced connectivity and communication features in automobiles.
- The growing proliferation of connected car technologies such as telematics, GPS navigation, and in-car entertainment systems has led to a growing demand for reliable and effective antenna modules.
- The automotive antenna module market is anticipated to develop as automotive producers aim to enhance driving experiences through intelligent connectivity.
- The growing technological advancement in the automotive sector is one of the prime reasons behind the growth of the automotive antenna module market.
Automotive Antenna Module Market Overview
- The automotive antenna module market is steered by augmented demand for electric vehicles (EVs) and autonomous driving systems, both of which demand robust antenna solutions for smooth communication and data exchange growing advancement of automotive connectivity and communication technologies.
- Bluetooth, Wi-Fi, and 5G connectivity are among the smart technologies that are increasingly being installed in modern cars.
- The increasing integration of advanced connectivity and communication features in cars is driving a large portion of the market expansion for automotive antenna modules.
- As connected car technologies such as GPS navigation, telematics, and in-car entertainment systems proliferate, there is an increasing demand for stable and efficient antenna modules.
- As automakers strive to enhance driving experiences through intelligent connectivity, the market for automotive antenna modules is anticipated to grow.
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Automotive Antenna Module Market: Strategic Insights
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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 Antenna Module Market: Strategic Insights
Naveen
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Automotive Antenna Module Market Drivers and Opportunities
Enhanced Vehicle-to-Vehicle Communication Technology to Favor the Market
- The global industry is focusing on developing more sophisticated technologies to enable mobile device integration and car-to-car connectivity. Although it is still available, vehicle-to-vehicle communication is very limited in its ability to share location, speed, and destinations.
- It primarily functions to avoid short-range crashes. The use of antenna modules by advanced vehicle-to-vehicle connectivity as a safety feature will raise demand for automotive antenna modules on the international market.
- The growing advancement in the vehicle communication system and rising demand for high end features in the cars are anticipated to act as a major driving factor for the market.
Growing Focus on Technological Advancement in Vehicles
- The companies are being motivated by regulatory policies to develop technologies that improve the safety and performance of the vehicle for the passengers.
- There has been an upsurge in the use of autonomous vehicles for last-mile delivery services. Companies in the logistics sectors are looking to improve productivity and lower expenses and are investigating the application of autonomous delivery vehicles, such as FedEx (US) and Amazon (US).
- Through collaborations with e-commerce platforms, autonomous delivery services generate revenue while managing logistics. Thus, businesses concentrate on self-driving cars, which necessitate robust and dependable multiband technology in automotive antenna.
Automotive Antenna Module Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive antenna module market analysis are vehicle type, frequency range and distribution channel.
- Based on vehicle type, the automotive antenna module market is divided into passenger vehicles, commercial vehicles, and electric vehicles.
- On the basis of the frequency range, the market is divided into low-range frequency, medium-range frequency, and high-range frequency.
- Based on the distribution channel, the automotive antenna module market is divided into original equipment manufacturer (OEM) and after market.
Automotive Antenna Module Market Share Analysis by Geography
- The automotive antenna module market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering automotive antenna module market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the automotive antenna module market in these regions.
Automotive Antenna Module Market Report Scope
Automotive Antenna Module Market News and Recent Developments
The automotive antenna module market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive antenna module market are listed below:
- KYOCERA AVX, a leading global manufacturer of advanced electronic components engineered to accelerate technological innovation and build a better future, released the new A-Series low-profile, surface-mount automotive antennas at CES 2024. The new A-Series low-profile SMT antennas are qualified according to AEC-Q200 standards and offer the industry’s widest range of AEC-Q200-compliant antennas for automotive applications, including wireless battery management systems, telematics control units, and vehicle access key fobs. (Source: KYOCERA AVX, Company Website, January 2023)
- Quectel Wireless Solutions, a global IoT and automotive solutions provider, announced the launch of the ultra-wideband (UWB) automotive grade AU30Q module. Based on Qorvo’s DW3300Q UWB chipset, the module enables precise real-time outdoor and indoor localization and reliable wireless communication. (Source: Quectel Wireless Solutions, Company Website, February 2023)
Automotive Antenna Module Market Report Coverage and Deliverables
The “Automotive Antenna Module Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive antenna module market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive antenna module market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Automotive antenna module market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the automotive antenna module market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global automotive antenna module market is expected to grow at a CAGR of 8.1% during the forecast period 2023 - 2031.
An increase in sales of electric vehicles is anticipated to play a significant role in the global automotive antenna module market in the coming years.
The leading players operating in the automotive antenna module market are Continental AG, Harada Industry Co., Ltd, Delphi Technologies, Yokowo Co., ltd., Amphenol Corporation, Laird Technologies, Hirschmann Car Communication, Schaffner Holding AG, Kathrein SE.
Some of the customization options available based on request are 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.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The rapid advancement of the communication system in vehicles is one of the major factors driving the automotive antenna module market.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Antenna Module Market - By Vehicle Type
1.3.2 Automotive Antenna Module Market - By Frequency Range
1.3.3 Automotive Antenna Module Market - By Distribution Channel
1.3.4 Automotive Antenna Module Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE ANTENNA MODULE 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. AUTOMOTIVE ANTENNA MODULE 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. AUTOMOTIVE ANTENNA MODULE MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE ANTENNA MODULE - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE ANTENNA MODULE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE ANTENNA MODULE MARKET - REVENUE AND FORECASTS TO 2028 – VEHICLE TYPE
7.1. OVERVIEW
7.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
7.3. PASSENGER VEHICLES
7.3.1. Overview
7.3.2. Passenger Vehicles Market Forecast and Analysis
7.4. COMMERCIAL VEHICLES
7.4.1. Overview
7.4.2. Commercial Vehicles Market Forecast and Analysis
7.5. ELECTRIC VEHICLES
7.5.1. Overview
7.5.2. Electric Vehicles Market Forecast and Analysis
8. AUTOMOTIVE ANTENNA MODULE MARKET - REVENUE AND FORECASTS TO 2028 – FREQUENCY RANGE
8.1. OVERVIEW
8.2. FREQUENCY RANGE MARKET FORECASTS AND ANALYSIS
8.3. LOW RANGE FREQUENCY
8.3.1. Overview
8.3.2. Low Range Frequency Market Forecast and Analysis
8.4. MEDIUM RANGE FREQUENCY
8.4.1. Overview
8.4.2. Medium Range Frequency Market Forecast and Analysis
8.5. HIGH RANGE FREQUENCY
8.5.1. Overview
8.5.2. High Range Frequency Market Forecast and Analysis
9. AUTOMOTIVE ANTENNA MODULE MARKET - REVENUE AND FORECASTS TO 2028 – DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. ORIGINAL EQUIPMENT MANUFACTURER (OEM)
9.3.1. Overview
9.3.2. Original Equipment Manufacturer (OEM) Market Forecast and Analysis
9.4. AFTER MARKET
9.4.1. Overview
9.4.2. After Market Forecast and Analysis
10. AUTOMOTIVE ANTENNA MODULE MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
- 10.1.1 North America Automotive Antenna Module Market Overview
- 10.1.2 North America Automotive Antenna Module Market Forecasts and Analysis
- 10.1.3 North America Automotive Antenna Module Market Forecasts and Analysis - By Vehicle Type
- 10.1.4 North America Automotive Antenna Module Market Forecasts and Analysis - By Frequency Range
- 10.1.5 North America Automotive Antenna Module Market Forecasts and Analysis - By Distribution Channel
- 10.1.6 North America Automotive Antenna Module Market Forecasts and Analysis - By Countries
10.1.6.1 United States Automotive Antenna Module Market
- 10.1.6.1.1 United States Automotive Antenna Module Market by Vehicle Type
- 10.1.6.1.2 United States Automotive Antenna Module Market by Frequency Range
- 10.1.6.1.3 United States Automotive Antenna Module Market by Distribution Channel
10.1.6.2 Canada Automotive Antenna Module Market
- 10.1.6.2.1 Canada Automotive Antenna Module Market by Vehicle Type
- 10.1.6.2.2 Canada Automotive Antenna Module Market by Frequency Range
- 10.1.6.2.3 Canada Automotive Antenna Module Market by Distribution Channel
10.1.6.3 Mexico Automotive Antenna Module Market
- 10.1.6.3.1 Mexico Automotive Antenna Module Market by Vehicle Type
- 10.1.6.3.2 Mexico Automotive Antenna Module Market by Frequency Range
- 10.1.6.3.3 Mexico Automotive Antenna Module Market by Distribution Channel
10.2. EUROPE
- 10.2.1 Europe Automotive Antenna Module Market Overview
- 10.2.2 Europe Automotive Antenna Module Market Forecasts and Analysis
- 10.2.3 Europe Automotive Antenna Module Market Forecasts and Analysis - By Vehicle Type
- 10.2.4 Europe Automotive Antenna Module Market Forecasts and Analysis - By Frequency Range
- 10.2.5 Europe Automotive Antenna Module Market Forecasts and Analysis - By Distribution Channel
- 10.2.6 Europe Automotive Antenna Module Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Automotive Antenna Module Market
- 10.2.6.1.1 Germany Automotive Antenna Module Market by Vehicle Type
- 10.2.6.1.2 Germany Automotive Antenna Module Market by Frequency Range
- 10.2.6.1.3 Germany Automotive Antenna Module Market by Distribution Channel
10.2.6.2 France Automotive Antenna Module Market
- 10.2.6.2.1 France Automotive Antenna Module Market by Vehicle Type
- 10.2.6.2.2 France Automotive Antenna Module Market by Frequency Range
- 10.2.6.2.3 France Automotive Antenna Module Market by Distribution Channel
10.2.6.3 Italy Automotive Antenna Module Market
- 10.2.6.3.1 Italy Automotive Antenna Module Market by Vehicle Type
- 10.2.6.3.2 Italy Automotive Antenna Module Market by Frequency Range
- 10.2.6.3.3 Italy Automotive Antenna Module Market by Distribution Channel
10.2.6.4 United Kingdom Automotive Antenna Module Market
- 10.2.6.4.1 United Kingdom Automotive Antenna Module Market by Vehicle Type
- 10.2.6.4.2 United Kingdom Automotive Antenna Module Market by Frequency Range
- 10.2.6.4.3 United Kingdom Automotive Antenna Module Market by Distribution Channel
10.2.6.5 Russia Automotive Antenna Module Market
- 10.2.6.5.1 Russia Automotive Antenna Module Market by Vehicle Type
- 10.2.6.5.2 Russia Automotive Antenna Module Market by Frequency Range
- 10.2.6.5.3 Russia Automotive Antenna Module Market by Distribution Channel
10.2.6.6 Rest of Europe Automotive Antenna Module Market
- 10.2.6.6.1 Rest of Europe Automotive Antenna Module Market by Vehicle Type
- 10.2.6.6.2 Rest of Europe Automotive Antenna Module Market by Frequency Range
- 10.2.6.6.3 Rest of Europe Automotive Antenna Module Market by Distribution Channel
10.3. ASIA-PACIFIC
- 10.3.1 Asia-Pacific Automotive Antenna Module Market Overview
- 10.3.2 Asia-Pacific Automotive Antenna Module Market Forecasts and Analysis
- 10.3.3 Asia-Pacific Automotive Antenna Module Market Forecasts and Analysis - By Vehicle Type
- 10.3.4 Asia-Pacific Automotive Antenna Module Market Forecasts and Analysis - By Frequency Range
- 10.3.5 Asia-Pacific Automotive Antenna Module Market Forecasts and Analysis - By Distribution Channel
- 10.3.6 Asia-Pacific Automotive Antenna Module Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Automotive Antenna Module Market
- 10.3.6.1.1 Australia Automotive Antenna Module Market by Vehicle Type
- 10.3.6.1.2 Australia Automotive Antenna Module Market by Frequency Range
- 10.3.6.1.3 Australia Automotive Antenna Module Market by Distribution Channel
10.3.6.2 China Automotive Antenna Module Market
- 10.3.6.2.1 China Automotive Antenna Module Market by Vehicle Type
- 10.3.6.2.2 China Automotive Antenna Module Market by Frequency Range
- 10.3.6.2.3 China Automotive Antenna Module Market by Distribution Channel
10.3.6.3 India Automotive Antenna Module Market
- 10.3.6.3.1 India Automotive Antenna Module Market by Vehicle Type
- 10.3.6.3.2 India Automotive Antenna Module Market by Frequency Range
- 10.3.6.3.3 India Automotive Antenna Module Market by Distribution Channel
10.3.6.4 Japan Automotive Antenna Module Market
- 10.3.6.4.1 Japan Automotive Antenna Module Market by Vehicle Type
- 10.3.6.4.2 Japan Automotive Antenna Module Market by Frequency Range
- 10.3.6.4.3 Japan Automotive Antenna Module Market by Distribution Channel
10.3.6.5 South Korea Automotive Antenna Module Market
- 10.3.6.5.1 South Korea Automotive Antenna Module Market by Vehicle Type
- 10.3.6.5.2 South Korea Automotive Antenna Module Market by Frequency Range
- 10.3.6.5.3 South Korea Automotive Antenna Module Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Automotive Antenna Module Market
- 10.3.6.6.1 Rest of Asia-Pacific Automotive Antenna Module Market by Vehicle Type
- 10.3.6.6.2 Rest of Asia-Pacific Automotive Antenna Module Market by Frequency Range
- 10.3.6.6.3 Rest of Asia-Pacific Automotive Antenna Module Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
- 10.4.1 Middle East and Africa Automotive Antenna Module Market Overview
- 10.4.2 Middle East and Africa Automotive Antenna Module Market Forecasts and Analysis
- 10.4.3 Middle East and Africa Automotive Antenna Module Market Forecasts and Analysis - By Vehicle Type
- 10.4.4 Middle East and Africa Automotive Antenna Module Market Forecasts and Analysis - By Frequency Range
- 10.4.5 Middle East and Africa Automotive Antenna Module Market Forecasts and Analysis - By Distribution Channel
- 10.4.6 Middle East and Africa Automotive Antenna Module Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Automotive Antenna Module Market
- 10.4.6.1.1 South Africa Automotive Antenna Module Market by Vehicle Type
- 10.4.6.1.2 South Africa Automotive Antenna Module Market by Frequency Range
- 10.4.6.1.3 South Africa Automotive Antenna Module Market by Distribution Channel
10.4.6.2 Saudi Arabia Automotive Antenna Module Market
- 10.4.6.2.1 Saudi Arabia Automotive Antenna Module Market by Vehicle Type
- 10.4.6.2.2 Saudi Arabia Automotive Antenna Module Market by Frequency Range
- 10.4.6.2.3 Saudi Arabia Automotive Antenna Module Market by Distribution Channel
10.4.6.3 U.A.E Automotive Antenna Module Market
- 10.4.6.3.1 U.A.E Automotive Antenna Module Market by Vehicle Type
- 10.4.6.3.2 U.A.E Automotive Antenna Module Market by Frequency Range
- 10.4.6.3.3 U.A.E Automotive Antenna Module Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Automotive Antenna Module Market
- 10.4.6.4.1 Rest of Middle East and Africa Automotive Antenna Module Market by Vehicle Type
- 10.4.6.4.2 Rest of Middle East and Africa Automotive Antenna Module Market by Frequency Range
- 10.4.6.4.3 Rest of Middle East and Africa Automotive Antenna Module Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
- 10.5.1 South and Central America Automotive Antenna Module Market Overview
- 10.5.2 South and Central America Automotive Antenna Module Market Forecasts and Analysis
- 10.5.3 South and Central America Automotive Antenna Module Market Forecasts and Analysis - By Vehicle Type
- 10.5.4 South and Central America Automotive Antenna Module Market Forecasts and Analysis - By Frequency Range
- 10.5.5 South and Central America Automotive Antenna Module Market Forecasts and Analysis - By Distribution Channel
- 10.5.6 South and Central America Automotive Antenna Module Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Automotive Antenna Module Market
- 10.5.6.1.1 Brazil Automotive Antenna Module Market by Vehicle Type
- 10.5.6.1.2 Brazil Automotive Antenna Module Market by Frequency Range
- 10.5.6.1.3 Brazil Automotive Antenna Module Market by Distribution Channel
10.5.6.2 Argentina Automotive Antenna Module Market
- 10.5.6.2.1 Argentina Automotive Antenna Module Market by Vehicle Type
- 10.5.6.2.2 Argentina Automotive Antenna Module Market by Frequency Range
- 10.5.6.2.3 Argentina Automotive Antenna Module Market by Distribution Channel
10.5.6.3 Rest of South and Central America Automotive Antenna Module Market
- 10.5.6.3.1 Rest of South and Central America Automotive Antenna Module Market by Vehicle Type
- 10.5.6.3.2 Rest of South and Central America Automotive Antenna Module Market by Frequency Range
- 10.5.6.3.3 Rest of South and Central America Automotive Antenna Module Market by Distribution Channel
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. AUTOMOTIVE ANTENNA MODULE MARKET, KEY COMPANY PROFILES
12.1. AMPHENOL CORPORATION
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. CONTINENTAL AG
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. HARADA INDUSTRY CO., LTD
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. HIRSCHMANN CAR COMMUNICATION
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. KATHREIN SE
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. LAIRD TECHNOLOGIES
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. SCHAFFNER HOLDING AG
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. SPK ELECTRONICS CO., LTD
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. SUMITOMO ELECTRIC LIGHTWAVE CORP.
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. YOKOWO 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
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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