Automotive Automatic Transmission Market Size, CAGR by 2031
The automotive automatic transmission market is expected to register a CAGR of 6.7% during 2023–2031. The rise in adoption of electric and hybrid vehicles is likely to remain a key trend in the market.
Automotive Automatic Transmission Market Analysis
- The growth of automatic transmission systems is also accompanied by an increase in demand for electric and hybrid vehicles, which only function with the help of specific transmission systems. Furthermore, the rapid spread of adaptive and automatic transmission control has led to the development of auto-shift manual transmission.
- Also, as the advanced automatic transmission systems are gaining more credibility, manufacturers increasingly favour them over conventional manual systems as they prove to be environment-friendly and facilitate smooth driving experience.
Automotive Automatic Transmission Market Overview
- The growth of the market has been associated with the development of advanced manual transmissions with automatic-shift mode and adaptive transmission control, which indicates the trend toward sophisticated transmission technologies. The other trend which is driving the market is the increasing demand for electric and hybrid vehicles, which require advanced transmission systems.
- Transmission systems have electric motors and power electronics, which are highly demanded in low-carbon technology. This has been facilitated by the shift toward high-efficiency electric vehicles. The integration of electric motors and power electronics in automatic transmission system is expected to drive the global automotive automatic transmission market in the future.
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Automotive Automatic Transmission 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 Automatic Transmission Market: Strategic Insights
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Automotive Automatic Transmission Market Drivers and Opportunities
Increasing Adoption of Automatic Transmission in Vehicle to Favor the Market
- The increasing vehicle population by automatic transmission in vehicles is one of major driving factors of automotive automatic transmission market. The factors are increasing use of auto-shift manual transmission system with Adaptive transmission control, increasing trend of electric and hybrid vehicles. Also, the objective of both automakers to maximized innovation and efficiency to facing this environmental challenge leads to automotive automatic transmission industry towards growth.
- However, with government regulations for reducing carbon emission and increment of fuel efficiency by vehicle manufacturers, the manufactures forced to utilize the latest transmission system which leads to market trend towards growth.
The integration of electric motors and power electronics in transmission systems
- Integration of electric motors and power electronics with automotive automatic transmission is understandably a momentous leap in the automotive automatic transmission market. This integration is in tandem with the recent tightening of the emission regulation world over and the call by the vehicle user expectations for high fuel economy. Therefore, electrification of the automotive transmission plays a pivotal role going ahead in the automotive transmission technology mostly for electric and hybrid vehicle technology.
- Integration of electric motor and power electronics with automotive automatic transmission is one significant factor for the transition to an imminent robust growth in the automotive automatic transmission market. With this integration the performance vehicle drives, pollution level reduction and fuel economy is enhanced.
Automotive Automatic Transmission Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive automatic transmission market analysis are type, fuel type, and vehicle type.
- Based on type, the automotive automatic transmission market is divided into automatic transmission, automated manual transmission, dual clutch transmission, and continuously variable transmission.
- On the basis of fuel type, the market is divided into gasoline, diesel, electric vehicle, and hybrid.
- Based on vehicle type, the automotive automatic transmission market is divided into passenger cars, light commercial vehicles, and heavy commercial vehicles.
Automotive Automatic Transmission Market Share Analysis by Geography
- Automotive automatic transmission 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 automatic transmission 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 automatic transmission market in these regions.
Automotive Automatic Transmission Market Report Scope
Automotive Automatic Transmission Market News and Recent Developments
The automotive automatic transmission 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 automatic transmission market are listed below:
- ZF PowerLine marks the start of a small revolution in the medium-heavy trucks, pickups, and bus segments: With eight gears and a design principle adopted from world leading passenger car systems, the new automatic transmission surpasses the systems currently available. (Source: ZF Friedrichshafen AG, Company Website, December 2019)
- Ford has started production of a new 10-speed automatic gearbox option for rear-wheel drive (RWD) Transit models that offers excellent fuel efficiency, 1 outstanding durability and the ability to tow up to 2,800kg2. (Source: The Ford Motor Company, Company Website, June 2021)
Automotive Automatic Transmission Market Report Coverage and Deliverables
The “Automotive Automatic Transmission Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive automatic transmission market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive automatic transmission market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Automotive automatic transmission 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 automatic transmission 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
Increasing Adoption of Automatic Transmission in Vehicle is the major factors driving the automotive automatic transmission market.
The global automotive automatic transmission market is expected to grow at a CAGR of 6.7% during the forecast period 2023 - 2031.
The rise in adoption of electric and hybrid vehicles is the key future trend in the global automotive automatic transmission market in the coming years.
The leading players operating in the automotive automatic transmission market include Brog Warner Inc, Daimler AG, Continental AG, Delphi Automotive, Eaton Corporation Plc, Fiat Powertrain Technologies, Jatco Ltd, NSK Ltd, Valeo, Aisin Seiki, Allison Transmission Holdings.
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.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
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 Automatic Transmission Market - By Type
1.3.2 Automotive Automatic Transmission Market - By Fuel Type
1.3.3 Automotive Automatic Transmission Market - By Vehicle Type
1.3.4 Automotive Automatic Transmission Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE AUTOMATIC TRANSMISSION 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 AUTOMATIC TRANSMISSION 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 AUTOMATIC TRANSMISSION MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE AUTOMATIC TRANSMISSION - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE AUTOMATIC TRANSMISSION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE AUTOMATIC TRANSMISSION MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. AUTOMATIC TRANSMISSION
7.3.1. Overview
7.3.2. Automatic Transmission Market Forecast and Analysis
7.4. AUTOMATED MANUAL TRANSMISSION
7.4.1. Overview
7.4.2. Automated Manual Transmission Market Forecast and Analysis
7.5. DUAL CLUTCH TRANSMISSION
7.5.1. Overview
7.5.2. Dual Clutch Transmission Market Forecast and Analysis
7.6. CONTINUOUSLY VARIABLE TRANSMISSION
7.6.1. Overview
7.6.2. Continuously Variable Transmission Market Forecast and Analysis
8. AUTOMOTIVE AUTOMATIC TRANSMISSION MARKET - REVENUE AND FORECASTS TO 2028 - FUEL TYPE
8.1. OVERVIEW
8.2. FUEL TYPE MARKET FORECASTS AND ANALYSIS
8.3. GASOLINE
8.3.1. Overview
8.3.2. Gasoline Market Forecast and Analysis
8.4. DIESEL
8.4.1. Overview
8.4.2. Diesel Market Forecast and Analysis
8.5. ELECTRIC VEHICLE
8.5.1. Overview
8.5.2. Electric Vehicle Market Forecast and Analysis
8.6. HYBRID
8.6.1. Overview
8.6.2. Hybrid Market Forecast and Analysis
9. AUTOMOTIVE AUTOMATIC TRANSMISSION MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
9.1. OVERVIEW
9.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
9.3. PASSENGER CARS
9.3.1. Overview
9.3.2. Passenger Cars Market Forecast and Analysis
9.4. LIGHT COMMERCIAL VEHICLES
9.4.1. Overview
9.4.2. Light Commercial Vehicles Market Forecast and Analysis
9.5. HEAVY COMMERCIAL VEHICLES
9.5.1. Overview
9.5.2. Heavy Commercial Vehicles Market Forecast and Analysis
10. AUTOMOTIVE AUTOMATIC TRANSMISSION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Automotive Automatic Transmission Market Overview
10.1.2 North America Automotive Automatic Transmission Market Forecasts and Analysis
10.1.3 North America Automotive Automatic Transmission Market Forecasts and Analysis - By Type
10.1.4 North America Automotive Automatic Transmission Market Forecasts and Analysis - By Fuel Type
10.1.5 North America Automotive Automatic Transmission Market Forecasts and Analysis - By Vehicle Type
10.1.6 North America Automotive Automatic Transmission Market Forecasts and Analysis - By Countries
10.1.6.1 United States Automotive Automatic Transmission Market
10.1.6.1.1 United States Automotive Automatic Transmission Market by Type
10.1.6.1.2 United States Automotive Automatic Transmission Market by Fuel Type
10.1.6.1.3 United States Automotive Automatic Transmission Market by Vehicle Type
10.1.6.2 Canada Automotive Automatic Transmission Market
10.1.6.2.1 Canada Automotive Automatic Transmission Market by Type
10.1.6.2.2 Canada Automotive Automatic Transmission Market by Fuel Type
10.1.6.2.3 Canada Automotive Automatic Transmission Market by Vehicle Type
10.1.6.3 Mexico Automotive Automatic Transmission Market
10.1.6.3.1 Mexico Automotive Automatic Transmission Market by Type
10.1.6.3.2 Mexico Automotive Automatic Transmission Market by Fuel Type
10.1.6.3.3 Mexico Automotive Automatic Transmission Market by Vehicle Type
10.2. EUROPE
10.2.1 Europe Automotive Automatic Transmission Market Overview
10.2.2 Europe Automotive Automatic Transmission Market Forecasts and Analysis
10.2.3 Europe Automotive Automatic Transmission Market Forecasts and Analysis - By Type
10.2.4 Europe Automotive Automatic Transmission Market Forecasts and Analysis - By Fuel Type
10.2.5 Europe Automotive Automatic Transmission Market Forecasts and Analysis - By Vehicle Type
10.2.6 Europe Automotive Automatic Transmission Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Automotive Automatic Transmission Market
10.2.6.1.1 Germany Automotive Automatic Transmission Market by Type
10.2.6.1.2 Germany Automotive Automatic Transmission Market by Fuel Type
10.2.6.1.3 Germany Automotive Automatic Transmission Market by Vehicle Type
10.2.6.2 France Automotive Automatic Transmission Market
10.2.6.2.1 France Automotive Automatic Transmission Market by Type
10.2.6.2.2 France Automotive Automatic Transmission Market by Fuel Type
10.2.6.2.3 France Automotive Automatic Transmission Market by Vehicle Type
10.2.6.3 Italy Automotive Automatic Transmission Market
10.2.6.3.1 Italy Automotive Automatic Transmission Market by Type
10.2.6.3.2 Italy Automotive Automatic Transmission Market by Fuel Type
10.2.6.3.3 Italy Automotive Automatic Transmission Market by Vehicle Type
10.2.6.4 United Kingdom Automotive Automatic Transmission Market
10.2.6.4.1 United Kingdom Automotive Automatic Transmission Market by Type
10.2.6.4.2 United Kingdom Automotive Automatic Transmission Market by Fuel Type
10.2.6.4.3 United Kingdom Automotive Automatic Transmission Market by Vehicle Type
10.2.6.5 Russia Automotive Automatic Transmission Market
10.2.6.5.1 Russia Automotive Automatic Transmission Market by Type
10.2.6.5.2 Russia Automotive Automatic Transmission Market by Fuel Type
10.2.6.5.3 Russia Automotive Automatic Transmission Market by Vehicle Type
10.2.6.6 Rest of Europe Automotive Automatic Transmission Market
10.2.6.6.1 Rest of Europe Automotive Automatic Transmission Market by Type
10.2.6.6.2 Rest of Europe Automotive Automatic Transmission Market by Fuel Type
10.2.6.6.3 Rest of Europe Automotive Automatic Transmission Market by Vehicle Type
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Automotive Automatic Transmission Market Overview
10.3.2 Asia-Pacific Automotive Automatic Transmission Market Forecasts and Analysis
10.3.3 Asia-Pacific Automotive Automatic Transmission Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Automotive Automatic Transmission Market Forecasts and Analysis - By Fuel Type
10.3.5 Asia-Pacific Automotive Automatic Transmission Market Forecasts and Analysis - By Vehicle Type
10.3.6 Asia-Pacific Automotive Automatic Transmission Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Automotive Automatic Transmission Market
10.3.6.1.1 Australia Automotive Automatic Transmission Market by Type
10.3.6.1.2 Australia Automotive Automatic Transmission Market by Fuel Type
10.3.6.1.3 Australia Automotive Automatic Transmission Market by Vehicle Type
10.3.6.2 China Automotive Automatic Transmission Market
10.3.6.2.1 China Automotive Automatic Transmission Market by Type
10.3.6.2.2 China Automotive Automatic Transmission Market by Fuel Type
10.3.6.2.3 China Automotive Automatic Transmission Market by Vehicle Type
10.3.6.3 India Automotive Automatic Transmission Market
10.3.6.3.1 India Automotive Automatic Transmission Market by Type
10.3.6.3.2 India Automotive Automatic Transmission Market by Fuel Type
10.3.6.3.3 India Automotive Automatic Transmission Market by Vehicle Type
10.3.6.4 Japan Automotive Automatic Transmission Market
10.3.6.4.1 Japan Automotive Automatic Transmission Market by Type
10.3.6.4.2 Japan Automotive Automatic Transmission Market by Fuel Type
10.3.6.4.3 Japan Automotive Automatic Transmission Market by Vehicle Type
10.3.6.5 South Korea Automotive Automatic Transmission Market
10.3.6.5.1 South Korea Automotive Automatic Transmission Market by Type
10.3.6.5.2 South Korea Automotive Automatic Transmission Market by Fuel Type
10.3.6.5.3 South Korea Automotive Automatic Transmission Market by Vehicle Type
10.3.6.6 Rest of Asia-Pacific Automotive Automatic Transmission Market
10.3.6.6.1 Rest of Asia-Pacific Automotive Automatic Transmission Market by Type
10.3.6.6.2 Rest of Asia-Pacific Automotive Automatic Transmission Market by Fuel Type
10.3.6.6.3 Rest of Asia-Pacific Automotive Automatic Transmission Market by Vehicle Type
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Automotive Automatic Transmission Market Overview
10.4.2 Middle East and Africa Automotive Automatic Transmission Market Forecasts and Analysis
10.4.3 Middle East and Africa Automotive Automatic Transmission Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Automotive Automatic Transmission Market Forecasts and Analysis - By Fuel Type
10.4.5 Middle East and Africa Automotive Automatic Transmission Market Forecasts and Analysis - By Vehicle Type
10.4.6 Middle East and Africa Automotive Automatic Transmission Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Automotive Automatic Transmission Market
10.4.6.1.1 South Africa Automotive Automatic Transmission Market by Type
10.4.6.1.2 South Africa Automotive Automatic Transmission Market by Fuel Type
10.4.6.1.3 South Africa Automotive Automatic Transmission Market by Vehicle Type
10.4.6.2 Saudi Arabia Automotive Automatic Transmission Market
10.4.6.2.1 Saudi Arabia Automotive Automatic Transmission Market by Type
10.4.6.2.2 Saudi Arabia Automotive Automatic Transmission Market by Fuel Type
10.4.6.2.3 Saudi Arabia Automotive Automatic Transmission Market by Vehicle Type
10.4.6.3 U.A.E Automotive Automatic Transmission Market
10.4.6.3.1 U.A.E Automotive Automatic Transmission Market by Type
10.4.6.3.2 U.A.E Automotive Automatic Transmission Market by Fuel Type
10.4.6.3.3 U.A.E Automotive Automatic Transmission Market by Vehicle Type
10.4.6.4 Rest of Middle East and Africa Automotive Automatic Transmission Market
10.4.6.4.1 Rest of Middle East and Africa Automotive Automatic Transmission Market by Type
10.4.6.4.2 Rest of Middle East and Africa Automotive Automatic Transmission Market by Fuel Type
10.4.6.4.3 Rest of Middle East and Africa Automotive Automatic Transmission Market by Vehicle Type
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Automotive Automatic Transmission Market Overview
10.5.2 South and Central America Automotive Automatic Transmission Market Forecasts and Analysis
10.5.3 South and Central America Automotive Automatic Transmission Market Forecasts and Analysis - By Type
10.5.4 South and Central America Automotive Automatic Transmission Market Forecasts and Analysis - By Fuel Type
10.5.5 South and Central America Automotive Automatic Transmission Market Forecasts and Analysis - By Vehicle Type
10.5.6 South and Central America Automotive Automatic Transmission Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Automotive Automatic Transmission Market
10.5.6.1.1 Brazil Automotive Automatic Transmission Market by Type
10.5.6.1.2 Brazil Automotive Automatic Transmission Market by Fuel Type
10.5.6.1.3 Brazil Automotive Automatic Transmission Market by Vehicle Type
10.5.6.2 Argentina Automotive Automatic Transmission Market
10.5.6.2.1 Argentina Automotive Automatic Transmission Market by Type
10.5.6.2.2 Argentina Automotive Automatic Transmission Market by Fuel Type
10.5.6.2.3 Argentina Automotive Automatic Transmission Market by Vehicle Type
10.5.6.3 Rest of South and Central America Automotive Automatic Transmission Market
10.5.6.3.1 Rest of South and Central America Automotive Automatic Transmission Market by Type
10.5.6.3.2 Rest of South and Central America Automotive Automatic Transmission Market by Fuel Type
10.5.6.3.3 Rest of South and Central America Automotive Automatic Transmission Market by Vehicle Type
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 AUTOMATIC TRANSMISSION MARKET, KEY COMPANY PROFILES
12.1. AISIN SEIKI CO., LTD.
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. ALLISON TRANSMISSION INC.
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. BORGWARNER INC.
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. CONTINENTAL AG
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. EATON CORPORATION
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. HILITE INTERNATIONAL
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. MAGNA INTERNATIONAL INC.
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. MAGNA INTERNATIONAL INC.
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. VALEO
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. ZF FRIEDRICHSHAFEN AG
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1.AISIN SEIKI Co., Ltd.
2.Allison Transmission Inc.
3.BorgWarner Inc.
4.Continental AG
5.Eaton Corporation
6.Hilite International
7.Magna International Inc.
8.Magna International Inc.
9.Valeo
10.ZF Friedrichshafen AG
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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