Automotive Blind Spot Detection System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Blind spot detection system is an integration of components, sensors and accessories in vehicles so that the driver can get information about obstacles and other hindrances coming to vehicle from the blind spot of the driver. This system components generally comprise, alarms, sensors, mirrors, visualization systems which help driver to get better protection and enhanced control of their blind side. The key market drivers are, rising demand for safety features, advancements in sensors, components, automotive technologies to avoid collision and accidents.
MARKET DYNAMICS
The key market drivers for automotive blind spot detection system market are, increased emphasize on safety features and technologies because of stringent regulations by governments to prevent accidents, advancements in sensors, components, automotive technologies to avoid collision and accidents. Moreover, rising demand in consumers regarding safety in vehicle and technological advancements are likely to fuel market growth during the forecast period. Whereas, malfunctioning of system, possibility of faults in system are expected to restrain market growth during the forecast period.
MARKET SCOPE
The "Global Automotive Blind Spot Detection System Market Analysis to 2031" is a specialized and in-depth study of the automotive blind spot detection system Market with a special focus on the global market trend analysis. The report aims to provide an overview of automotive blind spot detection system market with detailed market segmentation by vehicle type, technology and end user. The global automotive blind spot detection system market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive blind spot detection system market player and offers key trends and opportunities in the automotive blind spot detection system market.
MARKET SEGMENTATION
The global automotive blind spot detection system market is segmented on the basis of vehicle type, technology and end user. On the basis of vehicle type the market is segmented as, passenger cars, commercial vehicles. On the basis of technology the market is segmented as, radar sensor, ultrasonic sensors, others. And further, the market is segmented as, original equipment manufacturers, aftermarket.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive blind spot detection system market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive blind spot detection system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting automotive blind spot detection system Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive blind spot detection system market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive blind spot detection system market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive blind spot detection system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting automotive blind spot detection system Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive blind spot detection system market in these regions.
MARKET PLAYERS
The reports cover key developments in the automotive blind spot detection system market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from automotive blind spot detection system market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive blind spot detection system market. Below mentioned is the list of few companies engaged in the automotive blind spot detection system market.
The report also includes the profiles of key automotive blind spot detection system market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Continental AG
- Denso Corporation
- Robert Bosch
- Delphi Automotive
- Autoliv Inc
- ZF TRW
- Xiamen Autostar Electronics
- Auto-i Corp
- Valeo S.A
- Preco Electronics
- Ficosa International
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- 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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Blind Spot Detection System Market - By Vehicle Type
1.3.2 Automotive Blind Spot Detection System Market - By Technology
1.3.3 Automotive Blind Spot Detection System Market - By End User
1.3.4 Automotive Blind Spot Detection System Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE BLIND SPOT DETECTION SYSTEM 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 BLIND SPOT DETECTION SYSTEM 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 BLIND SPOT DETECTION SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE BLIND SPOT DETECTION SYSTEM - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE BLIND SPOT DETECTION SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE BLIND SPOT DETECTION SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
7.1. OVERVIEW
7.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
7.3. PASSENGER CARS
7.3.1. Overview
7.3.2. Passenger Cars Market Forecast and Analysis
7.4. COMMERCIAL VEHICLES
7.4.1. Overview
7.4.2. Commercial Vehicles Market Forecast and Analysis
8. AUTOMOTIVE BLIND SPOT DETECTION SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. RADAR SENSOR
8.3.1. Overview
8.3.2. Radar Sensor Market Forecast and Analysis
8.4. ULTRASONIC SENSOR
8.4.1. Overview
8.4.2. Ultrasonic Sensor Market Forecast and Analysis
8.5. LIDAR SENSOR
8.5.1. Overview
8.5.2. LIDAR Sensor Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. AUTOMOTIVE BLIND SPOT DETECTION SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. ORIGINAL EQUIPMENT MANUFACTURERS (OEM)
9.3.1. Overview
9.3.2. Original Equipment Manufacturers (OEM) Market Forecast and Analysis
9.4. AFTERMARKET
9.4.1. Overview
9.4.2. Aftermarket Market Forecast and Analysis
10. AUTOMOTIVE BLIND SPOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Automotive Blind Spot Detection System Market Overview
10.1.2 North America Automotive Blind Spot Detection System Market Forecasts and Analysis
10.1.3 North America Automotive Blind Spot Detection System Market Forecasts and Analysis - By Vehicle Type
10.1.4 North America Automotive Blind Spot Detection System Market Forecasts and Analysis - By Technology
10.1.5 North America Automotive Blind Spot Detection System Market Forecasts and Analysis - By End User
10.1.6 North America Automotive Blind Spot Detection System Market Forecasts and Analysis - By Countries
10.1.6.1 United States Automotive Blind Spot Detection System Market
10.1.6.1.1 United States Automotive Blind Spot Detection System Market by Vehicle Type
10.1.6.1.2 United States Automotive Blind Spot Detection System Market by Technology
10.1.6.1.3 United States Automotive Blind Spot Detection System Market by End User
10.1.6.2 Canada Automotive Blind Spot Detection System Market
10.1.6.2.1 Canada Automotive Blind Spot Detection System Market by Vehicle Type
10.1.6.2.2 Canada Automotive Blind Spot Detection System Market by Technology
10.1.6.2.3 Canada Automotive Blind Spot Detection System Market by End User
10.1.6.3 Mexico Automotive Blind Spot Detection System Market
10.1.6.3.1 Mexico Automotive Blind Spot Detection System Market by Vehicle Type
10.1.6.3.2 Mexico Automotive Blind Spot Detection System Market by Technology
10.1.6.3.3 Mexico Automotive Blind Spot Detection System Market by End User
10.2. EUROPE
10.2.1 Europe Automotive Blind Spot Detection System Market Overview
10.2.2 Europe Automotive Blind Spot Detection System Market Forecasts and Analysis
10.2.3 Europe Automotive Blind Spot Detection System Market Forecasts and Analysis - By Vehicle Type
10.2.4 Europe Automotive Blind Spot Detection System Market Forecasts and Analysis - By Technology
10.2.5 Europe Automotive Blind Spot Detection System Market Forecasts and Analysis - By End User
10.2.6 Europe Automotive Blind Spot Detection System Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Automotive Blind Spot Detection System Market
10.2.6.1.1 Germany Automotive Blind Spot Detection System Market by Vehicle Type
10.2.6.1.2 Germany Automotive Blind Spot Detection System Market by Technology
10.2.6.1.3 Germany Automotive Blind Spot Detection System Market by End User
10.2.6.2 France Automotive Blind Spot Detection System Market
10.2.6.2.1 France Automotive Blind Spot Detection System Market by Vehicle Type
10.2.6.2.2 France Automotive Blind Spot Detection System Market by Technology
10.2.6.2.3 France Automotive Blind Spot Detection System Market by End User
10.2.6.3 Italy Automotive Blind Spot Detection System Market
10.2.6.3.1 Italy Automotive Blind Spot Detection System Market by Vehicle Type
10.2.6.3.2 Italy Automotive Blind Spot Detection System Market by Technology
10.2.6.3.3 Italy Automotive Blind Spot Detection System Market by End User
10.2.6.4 United Kingdom Automotive Blind Spot Detection System Market
10.2.6.4.1 United Kingdom Automotive Blind Spot Detection System Market by Vehicle Type
10.2.6.4.2 United Kingdom Automotive Blind Spot Detection System Market by Technology
10.2.6.4.3 United Kingdom Automotive Blind Spot Detection System Market by End User
10.2.6.5 Russia Automotive Blind Spot Detection System Market
10.2.6.5.1 Russia Automotive Blind Spot Detection System Market by Vehicle Type
10.2.6.5.2 Russia Automotive Blind Spot Detection System Market by Technology
10.2.6.5.3 Russia Automotive Blind Spot Detection System Market by End User
10.2.6.6 Rest of Europe Automotive Blind Spot Detection System Market
10.2.6.6.1 Rest of Europe Automotive Blind Spot Detection System Market by Vehicle Type
10.2.6.6.2 Rest of Europe Automotive Blind Spot Detection System Market by Technology
10.2.6.6.3 Rest of Europe Automotive Blind Spot Detection System Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Automotive Blind Spot Detection System Market Overview
10.3.2 Asia-Pacific Automotive Blind Spot Detection System Market Forecasts and Analysis
10.3.3 Asia-Pacific Automotive Blind Spot Detection System Market Forecasts and Analysis - By Vehicle Type
10.3.4 Asia-Pacific Automotive Blind Spot Detection System Market Forecasts and Analysis - By Technology
10.3.5 Asia-Pacific Automotive Blind Spot Detection System Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Automotive Blind Spot Detection System Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Automotive Blind Spot Detection System Market
10.3.6.1.1 Australia Automotive Blind Spot Detection System Market by Vehicle Type
10.3.6.1.2 Australia Automotive Blind Spot Detection System Market by Technology
10.3.6.1.3 Australia Automotive Blind Spot Detection System Market by End User
10.3.6.2 China Automotive Blind Spot Detection System Market
10.3.6.2.1 China Automotive Blind Spot Detection System Market by Vehicle Type
10.3.6.2.2 China Automotive Blind Spot Detection System Market by Technology
10.3.6.2.3 China Automotive Blind Spot Detection System Market by End User
10.3.6.3 India Automotive Blind Spot Detection System Market
10.3.6.3.1 India Automotive Blind Spot Detection System Market by Vehicle Type
10.3.6.3.2 India Automotive Blind Spot Detection System Market by Technology
10.3.6.3.3 India Automotive Blind Spot Detection System Market by End User
10.3.6.4 Japan Automotive Blind Spot Detection System Market
10.3.6.4.1 Japan Automotive Blind Spot Detection System Market by Vehicle Type
10.3.6.4.2 Japan Automotive Blind Spot Detection System Market by Technology
10.3.6.4.3 Japan Automotive Blind Spot Detection System Market by End User
10.3.6.5 South Korea Automotive Blind Spot Detection System Market
10.3.6.5.1 South Korea Automotive Blind Spot Detection System Market by Vehicle Type
10.3.6.5.2 South Korea Automotive Blind Spot Detection System Market by Technology
10.3.6.5.3 South Korea Automotive Blind Spot Detection System Market by End User
10.3.6.6 Rest of Asia-Pacific Automotive Blind Spot Detection System Market
10.3.6.6.1 Rest of Asia-Pacific Automotive Blind Spot Detection System Market by Vehicle Type
10.3.6.6.2 Rest of Asia-Pacific Automotive Blind Spot Detection System Market by Technology
10.3.6.6.3 Rest of Asia-Pacific Automotive Blind Spot Detection System Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Automotive Blind Spot Detection System Market Overview
10.4.2 Middle East and Africa Automotive Blind Spot Detection System Market Forecasts and Analysis
10.4.3 Middle East and Africa Automotive Blind Spot Detection System Market Forecasts and Analysis - By Vehicle Type
10.4.4 Middle East and Africa Automotive Blind Spot Detection System Market Forecasts and Analysis - By Technology
10.4.5 Middle East and Africa Automotive Blind Spot Detection System Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Automotive Blind Spot Detection System Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Automotive Blind Spot Detection System Market
10.4.6.1.1 South Africa Automotive Blind Spot Detection System Market by Vehicle Type
10.4.6.1.2 South Africa Automotive Blind Spot Detection System Market by Technology
10.4.6.1.3 South Africa Automotive Blind Spot Detection System Market by End User
10.4.6.2 Saudi Arabia Automotive Blind Spot Detection System Market
10.4.6.2.1 Saudi Arabia Automotive Blind Spot Detection System Market by Vehicle Type
10.4.6.2.2 Saudi Arabia Automotive Blind Spot Detection System Market by Technology
10.4.6.2.3 Saudi Arabia Automotive Blind Spot Detection System Market by End User
10.4.6.3 U.A.E Automotive Blind Spot Detection System Market
10.4.6.3.1 U.A.E Automotive Blind Spot Detection System Market by Vehicle Type
10.4.6.3.2 U.A.E Automotive Blind Spot Detection System Market by Technology
10.4.6.3.3 U.A.E Automotive Blind Spot Detection System Market by End User
10.4.6.4 Rest of Middle East and Africa Automotive Blind Spot Detection System Market
10.4.6.4.1 Rest of Middle East and Africa Automotive Blind Spot Detection System Market by Vehicle Type
10.4.6.4.2 Rest of Middle East and Africa Automotive Blind Spot Detection System Market by Technology
10.4.6.4.3 Rest of Middle East and Africa Automotive Blind Spot Detection System Market by End User
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 BLIND SPOT DETECTION SYSTEM MARKET, KEY COMPANY PROFILES
12.1. CONTINENTAL AG
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. DENSO CORPORATION
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. ROBERT BOSCH
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. DELPHI AUTOMOTIVE
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. AUTOLIV INC
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. ZF TRW
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. XIAMEN AUTOSTAR ELECTRONICS
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. AUTO-I CORP
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 S.A
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. FICOSA INTERNATIONAL
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
12.11. PRECO ELECTRONICS
12.11.1. Key Facts
12.11.2. Business Description
12.11.3. Products and Services
12.11.4. Financial Overview
12.11.5. SWOT Analysis
12.11.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Continental AG
2. Denso Corporation
3. Robert Bosch
4. Delphi Automotive
5. Autoliv Inc
6. ZF TRW
7. Xiamen Autostar Electronics
8. Auto-i Corp
9. Valeo S.A
10. Ficosa International
11. Preco Electronics
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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