Automotive Backup Camera Market Growth Report by 2031
The Automotive Backup Camera Market is expected to register a CAGR of 8.1% during 2023–2031. the development of advanced camera technologies is likely to remain a key trend in the market.
Automotive Backup Camera Market Analysis
- As a result of steady Laws that order of the vehicle registration with a camera, new opportunities are created for the enlargement of market.
- More advanced camera technologies such as Artificial intelligence-based camera helps to enlarge the object detection and differentiations and create new prospects in automotive backup camera market. Thus, automotive backup camera market with respect to safety and technological advancements are being shaped.
Automotive Backup Camera Market Overview
- The automotive backup camera market is projected to witness a substantial growth due to the increasing adoption of these cameras in passenger cars and commercial vehicles by the original equipment manufacturers (OEMs).
- Extensive fatality and accidents caused by commercial vehicles have encouraged a trend of installing backup cameras in these vehicles, which according to various reports have the potential to reduce the accidents occurring due to blind spots while reversing.
- Moreover, legislations governing the installations of these cameras in vehicles are also likely to present lucrative chances for the growth of the automotive backup camera market.
Strategic Insights
Automotive Backup Camera Market Drivers and Opportunities
The surge in accidents and fatalities involving commercial vehicles to Favor the Market
- The sharp rise in the accidents and fatalities that have been taking place across the world has been one of the major factors driving the automotive backup camera market. The installation of rear cameras in automobiles can help detect the set of blind spot area at the rear end, which is the main reason for the occurrence of the sharp rise in accidents, especially in automobiles which have boxes attached such as trailer carriers or tow trucks.
- The growing rate of fatalities and major casualties, especially in industries such as construction, mining, and quarrying, has spiked a significant demand for equipping commercial vehicles with a backup camera to reduce the number of accidents resulting from the blind spot during the reverse operations of commercial vehicles such as tow trucks and trailer carriers.
The rise in legislations mandating the installation of cameras in vehicles
- Increasing legislations around the world mandating the installation of backup camera s in every vehicle is one of the most significant forces driving the growth of the automotive backup camera market. For instance, in the US, The National Highway Traffic Safety Administration (known as NHTSA) requires all new vehicles manufactured after May 1, 2018 to be equipped with backup cameras.
- This regulation will greatly reduce the number of accidents happening when backing up and especially the number of accidents that involve pedestrian victims. Backup cameras will help to enhance the driver’s visual field while reversing. The regulation needs to be adapted for all types of vehicles, including passenger vehicles, trucks, buses and multipurpose passenger vehicles. The Gross Vehicle Weight Rating (GVWR) of the target vehicles is less than 10,000 pounds.
Automotive Backup Camera Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Automotive Backup Camera Market analysis are position, and vehicle type.
- Based on position, the Automotive Backup Camera Market is divided into surface mounted, flush mounted, and license mounted.
- On the basis of vehicle type, the market is divided into passenger vehicle, and commercial vehicle.
Automotive Backup Camera Market Share Analysis by Geography
- Automotive Backup Camera 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 Backup Camera 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 Backup Camera Market in these regions.
Automotive Backup Camera Market Report Scope
Automotive Backup Camera Market News and Recent Developments
The Automotive Backup Camera 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 Backup Camera Market are listed below:
- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, has completed its previously announced acquisition of Engineered Solutions Group (a.k.a. Innovative Mechanical Solutions or iMECH). (Source: TIMKEN Corporation, Company Website, November 2023)
- PI (Physik Instrumente), a leader in precision motion control solutions, announces the new A-62x PIglide series of rotation air bearing spindles (rotary tables). Air-bearings have no rolling or sliding elements and deliver frictionless, non-contact motion, resulting in negligible reversal error, better straightness, wobble, eccentricity, and velocity stability – ideal prerequisites for high-end industrial applications such as inspection, metrology, calibration, and scanning. (Source: Physik Instrumente, Company Website, March 2021)
Automotive Backup Camera Market Report Coverage and Deliverables
The “Automotive Backup Camera Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive Backup Camera Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive Backup Camera Market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Automotive Backup Camera 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 Backup Camera Market
- Detailed company profiles
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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 Backup Camera Market is expected to grow at a CAGR of 8.1% during the forecast period 2023 - 2031.
The surge in accidents and fatalities involving commercial vehicles is the major factors driving the Automotive Backup Camera Market.
The development of advanced camera technologies is the key future trend in the global Automotive Backup Camera Market in the coming years.
The leading players operating in the Automotive Backup Camera Market include Delphi Automotive Company, Aptiv PLC, Continental AG, Magna International Inc., OmniVision Technologies, Inc., Robert Bosch GmbH, Stonkam Co Ltd, Valeo, and YADA.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
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.
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 Backup Camera Market - By Position
1.3.2 Automotive Backup Camera Market - By Vehicle Type
1.3.3 Automotive Backup Camera Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE BACKUP CAMERA 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 BACKUP CAMERA 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 BACKUP CAMERA MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE BACKUP CAMERA - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE BACKUP CAMERA - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE BACKUP CAMERA MARKET - REVENUE AND FORECASTS TO 2028 - POSITION
7.1. OVERVIEW
7.2. POSITION MARKET FORECASTS AND ANALYSIS
7.3. SURFACE MOUNTED
7.3.1. Overview
7.3.2. Surface Mounted Market Forecast and Analysis
7.4. FLUSH MOUNTED
7.4.1. Overview
7.4.2. Flush Mounted Market Forecast and Analysis
7.5. LICENSE MOUNTED
7.5.1. Overview
7.5.2. License Mounted Market Forecast and Analysis
8. AUTOMOTIVE BACKUP CAMERA MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
8.1. OVERVIEW
8.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3. PASSENGER VEHICLE
8.3.1. Overview
8.3.2. Passenger Vehicle Market Forecast and Analysis
8.4. COMMERCIAL VEHICLE
8.4.1. Overview
8.4.2. Commercial Vehicle Market Forecast and Analysis
9. AUTOMOTIVE BACKUP CAMERA MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Automotive Backup Camera Market Overview
9.1.2 North America Automotive Backup Camera Market Forecasts and Analysis
9.1.3 North America Automotive Backup Camera Market Forecasts and Analysis - By Position
9.1.4 North America Automotive Backup Camera Market Forecasts and Analysis - By Vehicle Type
9.1.5 North America Automotive Backup Camera Market Forecasts and Analysis - By Countries
9.1.5.1 United States Automotive Backup Camera Market
9.1.5.1.1 United States Automotive Backup Camera Market by Position
9.1.5.1.2 United States Automotive Backup Camera Market by Vehicle Type
9.1.5.2 Canada Automotive Backup Camera Market
9.1.5.2.1 Canada Automotive Backup Camera Market by Position
9.1.5.2.2 Canada Automotive Backup Camera Market by Vehicle Type
9.1.5.3 Mexico Automotive Backup Camera Market
9.1.5.3.1 Mexico Automotive Backup Camera Market by Position
9.1.5.3.2 Mexico Automotive Backup Camera Market by Vehicle Type
9.2. EUROPE
9.2.1 Europe Automotive Backup Camera Market Overview
9.2.2 Europe Automotive Backup Camera Market Forecasts and Analysis
9.2.3 Europe Automotive Backup Camera Market Forecasts and Analysis - By Position
9.2.4 Europe Automotive Backup Camera Market Forecasts and Analysis - By Vehicle Type
9.2.5 Europe Automotive Backup Camera Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Automotive Backup Camera Market
9.2.5.1.1 Germany Automotive Backup Camera Market by Position
9.2.5.1.2 Germany Automotive Backup Camera Market by Vehicle Type
9.2.5.2 France Automotive Backup Camera Market
9.2.5.2.1 France Automotive Backup Camera Market by Position
9.2.5.2.2 France Automotive Backup Camera Market by Vehicle Type
9.2.5.3 Italy Automotive Backup Camera Market
9.2.5.3.1 Italy Automotive Backup Camera Market by Position
9.2.5.3.2 Italy Automotive Backup Camera Market by Vehicle Type
9.2.5.4 United Kingdom Automotive Backup Camera Market
9.2.5.4.1 United Kingdom Automotive Backup Camera Market by Position
9.2.5.4.2 United Kingdom Automotive Backup Camera Market by Vehicle Type
9.2.5.5 Russia Automotive Backup Camera Market
9.2.5.5.1 Russia Automotive Backup Camera Market by Position
9.2.5.5.2 Russia Automotive Backup Camera Market by Vehicle Type
9.2.5.6 Rest of Europe Automotive Backup Camera Market
9.2.5.6.1 Rest of Europe Automotive Backup Camera Market by Position
9.2.5.6.2 Rest of Europe Automotive Backup Camera Market by Vehicle Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Automotive Backup Camera Market Overview
9.3.2 Asia-Pacific Automotive Backup Camera Market Forecasts and Analysis
9.3.3 Asia-Pacific Automotive Backup Camera Market Forecasts and Analysis - By Position
9.3.4 Asia-Pacific Automotive Backup Camera Market Forecasts and Analysis - By Vehicle Type
9.3.5 Asia-Pacific Automotive Backup Camera Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Automotive Backup Camera Market
9.3.5.1.1 Australia Automotive Backup Camera Market by Position
9.3.5.1.2 Australia Automotive Backup Camera Market by Vehicle Type
9.3.5.2 China Automotive Backup Camera Market
9.3.5.2.1 China Automotive Backup Camera Market by Position
9.3.5.2.2 China Automotive Backup Camera Market by Vehicle Type
9.3.5.3 India Automotive Backup Camera Market
9.3.5.3.1 India Automotive Backup Camera Market by Position
9.3.5.3.2 India Automotive Backup Camera Market by Vehicle Type
9.3.5.4 Japan Automotive Backup Camera Market
9.3.5.4.1 Japan Automotive Backup Camera Market by Position
9.3.5.4.2 Japan Automotive Backup Camera Market by Vehicle Type
9.3.5.5 South Korea Automotive Backup Camera Market
9.3.5.5.1 South Korea Automotive Backup Camera Market by Position
9.3.5.5.2 South Korea Automotive Backup Camera Market by Vehicle Type
9.3.5.6 Rest of Asia-Pacific Automotive Backup Camera Market
9.3.5.6.1 Rest of Asia-Pacific Automotive Backup Camera Market by Position
9.3.5.6.2 Rest of Asia-Pacific Automotive Backup Camera Market by Vehicle Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Automotive Backup Camera Market Overview
9.4.2 Middle East and Africa Automotive Backup Camera Market Forecasts and Analysis
9.4.3 Middle East and Africa Automotive Backup Camera Market Forecasts and Analysis - By Position
9.4.4 Middle East and Africa Automotive Backup Camera Market Forecasts and Analysis - By Vehicle Type
9.4.5 Middle East and Africa Automotive Backup Camera Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Automotive Backup Camera Market
9.4.5.1.1 South Africa Automotive Backup Camera Market by Position
9.4.5.1.2 South Africa Automotive Backup Camera Market by Vehicle Type
9.4.5.2 Saudi Arabia Automotive Backup Camera Market
9.4.5.2.1 Saudi Arabia Automotive Backup Camera Market by Position
9.4.5.2.2 Saudi Arabia Automotive Backup Camera Market by Vehicle Type
9.4.5.3 U.A.E Automotive Backup Camera Market
9.4.5.3.1 U.A.E Automotive Backup Camera Market by Position
9.4.5.3.2 U.A.E Automotive Backup Camera Market by Vehicle Type
9.4.5.4 Rest of Middle East and Africa Automotive Backup Camera Market
9.4.5.4.1 Rest of Middle East and Africa Automotive Backup Camera Market by Position
9.4.5.4.2 Rest of Middle East and Africa Automotive Backup Camera Market by Vehicle Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Automotive Backup Camera Market Overview
9.5.2 South and Central America Automotive Backup Camera Market Forecasts and Analysis
9.5.3 South and Central America Automotive Backup Camera Market Forecasts and Analysis - By Position
9.5.4 South and Central America Automotive Backup Camera Market Forecasts and Analysis - By Vehicle Type
9.5.5 South and Central America Automotive Backup Camera Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Automotive Backup Camera Market
9.5.5.1.1 Brazil Automotive Backup Camera Market by Position
9.5.5.1.2 Brazil Automotive Backup Camera Market by Vehicle Type
9.5.5.2 Argentina Automotive Backup Camera Market
9.5.5.2.1 Argentina Automotive Backup Camera Market by Position
9.5.5.2.2 Argentina Automotive Backup Camera Market by Vehicle Type
9.5.5.3 Rest of South and Central America Automotive Backup Camera Market
9.5.5.3.1 Rest of South and Central America Automotive Backup Camera Market by Position
9.5.5.3.2 Rest of South and Central America Automotive Backup Camera Market by Vehicle Type
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 BACKUP CAMERA MARKET, KEY COMPANY PROFILES
11.1. DENSO CORPORATION
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. APTIV PLC
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. CAMECHO (HONGKONG SHUNXINDA TECHNOLOGY LIMITED)
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. CLARION
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. CONTINENTAL AG
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. FICOSA INTERNACIONAL SA
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. MAGNA INTERNATIONAL
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. PYLE
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. QUICKVU
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. DENSO CORPORATION
2. Aptiv PLC
3. Camecho (Hongkong ShunXinDa Technology Limited)
4. Clarion
5. Continental AG
6. Ficosa Internacional SA
7. Magna International
8. Pyle
9. Quickvu
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.
- 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.
Get Free Sample For