Automotive Camshaft Market Opportunities 2031
The automotive camshaft market is expected to register a CAGR of 4.6% during 2023–2031. The evolution of advanced technologies in vehicles is likely to remain a key trend in the market.
Automotive Camshaft Market Analysis
- The automotive camshaft market is an essential component of the automotive industry; it significantly improves engine performance and efficiency.
- Automotive Camshaft has witnessed significant advancements and trends in this vital component, which controls the opening and closing of engine valves.
- A major factor propelling the automotive camshaft market is the ongoing quest for increased fuel economy and lower emissions
- To maximize power output and combustion efficiency while lowering fuel consumption and environmental effects, camshaft designs have developed over time to optimize valve timing.
Automotive Camshaft Market Overview
- The demand for high-performance fuel-efficient engines, along with expanding production levels of automobiles on the global platform, are contributing to the expanding automotive camshaft market.
- The demand for camshafts is growing as their capability to control the opening and closing of the intake and exhaust valves impacts the performance of the engine.
- Less emissions and more power are the priority of automobile companies. With the help of innovative manufacturing processes and the implementation of new materials, the manufacturing of reliable camshafts is possible. This results in the usage of such camshafts for obtaining better engine efficiency and performance.
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Automotive Camshaft 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 Camshaft Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Automotive Camshaft Market Drivers and Opportunities
Growing Focus on Technological Advancement in Vehicles to Favor the Market
- The growing advancement in vehicle technology is one of the prime reasons acting as a major driver for the market
- Additionally, growing consumer demand for high vehicle performance and fuel efficiency is driving the application of automotive camshafts globally.
- Increasing consumer preference for high-end vehicles for smoother driving operations is also driving the growth of the automotive camshaft globally.
Growing demand for fuel-efficient automotives
- The growing interest of customers in fuel-efficient vehicles is anticipated to drive the growth of the automotive camshaft market.
- Continuous technological developments in manufacturing processes, such as 3D printing and precision engineering, allow for the creation of more complex and effective camshafts.
- These innovations improve the overall durability and performance of camshaft systems.
- The global automotive camshaft market is shaped by these drivers collectively. As a result, it is a crucial part of contemporary engine technology, ranging from emission control to performance enhancement and electric powertrain adaptation.
Automotive Camshaft Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive camshaft market analysis are manufacturing technology, vehicle type, and distribution channel.
- Based on manufacturing technology, the automotive camshaft market is divided into cast camshafts, forged steel camshafts, and assembled camshafts.
- based on the vehicle type, the market is divided into passenger vehicles, light commercial vehicles, and heavy commercial vehicles.
- Based on the distribution channel, the automotive camshaft market is divided into OEM aftermarkets.
Automotive Camshaft Market Share Analysis by Geography
- The automotive camshaft 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 camshaft 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 camshaft market in these regions.
Automotive Camshaft Market Report Scope
Automotive Camshaft Market News and Recent Developments
The automotive camshaft 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 camshaft market are listed below:
- Allegro MicroSystems, a global leader in power and sensing solutions for motion control and energy-efficient systems, announced the release of two new state-of-the-art giant magnetoresistance (GMR) crankshaft and camshaft sensors. The ATS16951 (crankshaft) and ATS16351 (camshaft) sensors are unique in the market and provide manufacturers with a single-vendor solution that’s ideal for hybrid vehicle engines, with use cases extending to two-wheelers, off-road vehicles, and application designs requiring extended air gap performance. Both sensors will help engine designers reduce system complexity, cost, and energy consumption—boosting efficiency and minimizing carbon footprints. (Source: Allegro MicroSystems, Company Website, March 2022)
- MS Motorservice International GmbH, the sales organization for Rheinmetall’s aftermarket activities, announced it expanded its product portfolio with a range of timing chain kits. This includes timing chains, guide and sliding rails, tensioner blades, chain tensioners, gaskets, crank and camshaft gears, and camshaft adjusters. (Source: MS Motorservice International GmbH, Company Website, December 2022)
Automotive Camshaft Market Report Coverage and Deliverables
The “Automotive Camshaft Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive camshaft market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive camshaft market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Automotive camshaft 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 in the automotive camshaft 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 rapid advancement of vehicle performance is one of the major factors driving the automotive camshaft market.
The global automotive camshaft market is expected to grow at a CAGR of 4.6% during the forecast period 2023 - 2031.
An increase in sales of high-end vehicles is anticipated to play a significant role in the global automotive camshaft market in the coming years.
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 leading players operating in the automotive camshaft market are Melling Engine Parts, LACO camshafts, Sandvik Coromant, MAHLE GmbH, Schrick Camshaft, Meritor, Inc., Piper RS Ltd, Kautex Textron GmbH & Co. KG, ThyssenKrupp.
The report can be delivered in PDF/PPT format; we can also share the Excel dataset based on the request.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Camshaft Market - By Manufacturing Technology
1.3.2 Automotive Camshaft Market - By Vehicle Type
1.3.3 Automotive Camshaft Market - By Sales
1.3.4 Automotive Camshaft Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE CAMSHAFT 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 CAMSHAFT 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 CAMSHAFT MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE CAMSHAFT - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE CAMSHAFT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE CAMSHAFT MARKET - REVENUE AND FORECASTS TO 2028 – MANUFACTURING TECHNOLOGY
7.1. OVERVIEW
7.2. MANUFACTURING TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. CAST CAMSHAFT
7.3.1. Overview
7.3.2. Cast Camshaft Market Forecast and Analysis
7.4. FORGED STEEL CAMSHAFT
7.4.1. Overview
7.4.2. Forged Steel Camshaft Market Forecast and Analysis
7.5. ASSEMBLED CAMSHAFT
7.5.1. Overview
7.5.2. Assembled Camshaft Market Forecast and Analysis
8. AUTOMOTIVE CAMSHAFT MARKET - REVENUE AND FORECASTS TO 2028 – VEHICLE TYPE
8.1. OVERVIEW
8.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3. PASSENGER VEHICLES
8.3.1. Overview
8.3.2. Passenger Vehicles Market Forecast and Analysis
8.4. LIGHT COMMERCIAL VEHICLES
8.4.1. Overview
8.4.2. Light Commercial Vehicles Market Forecast and Analysis
8.5. HEAVY COMMERCIAL VEHICLES
8.5.1. Overview
8.5.2. Heavy Commercial Vehicles Market Forecast and Analysis
9. AUTOMOTIVE CAMSHAFT MARKET - REVENUE AND FORECASTS TO 2028 – SALES
9.1. OVERVIEW
9.2. SALES 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. AFTERMARKET
9.4.1. Overview
9.4.2. Aftermarket Market Forecast and Analysis
10. AUTOMOTIVE CAMSHAFT MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
- 10.1.1 North America Automotive Camshaft Market Overview
- 10.1.2 North America Automotive Camshaft Market Forecasts and Analysis
- 10.1.3 North America Automotive Camshaft Market Forecasts and Analysis - By Manufacturing Technology
- 10.1.4 North America Automotive Camshaft Market Forecasts and Analysis - By Vehicle Type
- 10.1.5 North America Automotive Camshaft Market Forecasts and Analysis - By Sales
- 10.1.6 North America Automotive Camshaft Market Forecasts and Analysis - By Countries
10.1.6.1 United States Automotive Camshaft Market
- 10.1.6.1.1 United States Automotive Camshaft Market by Manufacturing Technology
- 10.1.6.1.2 United States Automotive Camshaft Market by Vehicle Type
- 10.1.6.1.3 United States Automotive Camshaft Market by Sales
10.1.6.2 Canada Automotive Camshaft Market
- 10.1.6.2.1 Canada Automotive Camshaft Market by Manufacturing Technology
- 10.1.6.2.2 Canada Automotive Camshaft Market by Vehicle Type
- 10.1.6.2.3 Canada Automotive Camshaft Market by Sales
10.1.6.3 Mexico Automotive Camshaft Market
- 10.1.6.3.1 Mexico Automotive Camshaft Market by Manufacturing Technology
- 10.1.6.3.2 Mexico Automotive Camshaft Market by Vehicle Type
- 10.1.6.3.3 Mexico Automotive Camshaft Market by Sales
10.2. EUROPE
- 10.2.1 Europe Automotive Camshaft Market Overview
- 10.2.2 Europe Automotive Camshaft Market Forecasts and Analysis
- 10.2.3 Europe Automotive Camshaft Market Forecasts and Analysis - By Manufacturing Technology
- 10.2.4 Europe Automotive Camshaft Market Forecasts and Analysis - By Vehicle Type
- 10.2.5 Europe Automotive Camshaft Market Forecasts and Analysis - By Sales
- 10.2.6 Europe Automotive Camshaft Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Automotive Camshaft Market
- 10.2.6.1.1 Germany Automotive Camshaft Market by Manufacturing Technology
- 10.2.6.1.2 Germany Automotive Camshaft Market by Vehicle Type
- 10.2.6.1.3 Germany Automotive Camshaft Market by Sales
10.2.6.2 France Automotive Camshaft Market
- 10.2.6.2.1 France Automotive Camshaft Market by Manufacturing Technology
- 10.2.6.2.2 France Automotive Camshaft Market by Vehicle Type
- 10.2.6.2.3 France Automotive Camshaft Market by Sales
10.2.6.3 Italy Automotive Camshaft Market
- 10.2.6.3.1 Italy Automotive Camshaft Market by Manufacturing Technology
- 10.2.6.3.2 Italy Automotive Camshaft Market by Vehicle Type
- 10.2.6.3.3 Italy Automotive Camshaft Market by Sales
10.2.6.4 United Kingdom Automotive Camshaft Market
- 10.2.6.4.1 United Kingdom Automotive Camshaft Market by Manufacturing Technology
- 10.2.6.4.2 United Kingdom Automotive Camshaft Market by Vehicle Type
- 10.2.6.4.3 United Kingdom Automotive Camshaft Market by Sales
10.2.6.5 Russia Automotive Camshaft Market
- 10.2.6.5.1 Russia Automotive Camshaft Market by Manufacturing Technology
- 10.2.6.5.2 Russia Automotive Camshaft Market by Vehicle Type
- 10.2.6.5.3 Russia Automotive Camshaft Market by Sales
10.2.6.6 Rest of Europe Automotive Camshaft Market
- 10.2.6.6.1 Rest of Europe Automotive Camshaft Market by Manufacturing Technology
- 10.2.6.6.2 Rest of Europe Automotive Camshaft Market by Vehicle Type
- 10.2.6.6.3 Rest of Europe Automotive Camshaft Market by Sales
10.3. ASIA-PACIFIC
- 10.3.1 Asia-Pacific Automotive Camshaft Market Overview
- 10.3.2 Asia-Pacific Automotive Camshaft Market Forecasts and Analysis
- 10.3.3 Asia-Pacific Automotive Camshaft Market Forecasts and Analysis - By Manufacturing Technology
- 10.3.4 Asia-Pacific Automotive Camshaft Market Forecasts and Analysis - By Vehicle Type
- 10.3.5 Asia-Pacific Automotive Camshaft Market Forecasts and Analysis - By Sales
- 10.3.6 Asia-Pacific Automotive Camshaft Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Automotive Camshaft Market
- 10.3.6.1.1 Australia Automotive Camshaft Market by Manufacturing Technology
- 10.3.6.1.2 Australia Automotive Camshaft Market by Vehicle Type
- 10.3.6.1.3 Australia Automotive Camshaft Market by Sales
10.3.6.2 China Automotive Camshaft Market
- 10.3.6.2.1 China Automotive Camshaft Market by Manufacturing Technology
- 10.3.6.2.2 China Automotive Camshaft Market by Vehicle Type
- 10.3.6.2.3 China Automotive Camshaft Market by Sales
10.3.6.3 India Automotive Camshaft Market
- 10.3.6.3.1 India Automotive Camshaft Market by Manufacturing Technology
- 10.3.6.3.2 India Automotive Camshaft Market by Vehicle Type
- 10.3.6.3.3 India Automotive Camshaft Market by Sales
10.3.6.4 Japan Automotive Camshaft Market
- 10.3.6.4.1 Japan Automotive Camshaft Market by Manufacturing Technology
- 10.3.6.4.2 Japan Automotive Camshaft Market by Vehicle Type
- 10.3.6.4.3 Japan Automotive Camshaft Market by Sales
10.3.6.5 South Korea Automotive Camshaft Market
- 10.3.6.5.1 South Korea Automotive Camshaft Market by Manufacturing Technology
- 10.3.6.5.2 South Korea Automotive Camshaft Market by Vehicle Type
- 10.3.6.5.3 South Korea Automotive Camshaft Market by Sales
10.3.6.6 Rest of Asia-Pacific Automotive Camshaft Market
- 10.3.6.6.1 Rest of Asia-Pacific Automotive Camshaft Market by Manufacturing Technology
- 10.3.6.6.2 Rest of Asia-Pacific Automotive Camshaft Market by Vehicle Type
- 10.3.6.6.3 Rest of Asia-Pacific Automotive Camshaft Market by Sales
10.4. MIDDLE EAST AND AFRICA
- 10.4.1 Middle East and Africa Automotive Camshaft Market Overview
- 10.4.2 Middle East and Africa Automotive Camshaft Market Forecasts and Analysis
- 10.4.3 Middle East and Africa Automotive Camshaft Market Forecasts and Analysis - By Manufacturing Technology
- 10.4.4 Middle East and Africa Automotive Camshaft Market Forecasts and Analysis - By Vehicle Type
- 10.4.5 Middle East and Africa Automotive Camshaft Market Forecasts and Analysis - By Sales
- 10.4.6 Middle East and Africa Automotive Camshaft Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Automotive Camshaft Market
- 10.4.6.1.1 South Africa Automotive Camshaft Market by Manufacturing Technology
- 10.4.6.1.2 South Africa Automotive Camshaft Market by Vehicle Type
- 10.4.6.1.3 South Africa Automotive Camshaft Market by Sales
10.4.6.2 Saudi Arabia Automotive Camshaft Market
- 10.4.6.2.1 Saudi Arabia Automotive Camshaft Market by Manufacturing Technology
- 10.4.6.2.2 Saudi Arabia Automotive Camshaft Market by Vehicle Type
- 10.4.6.2.3 Saudi Arabia Automotive Camshaft Market by Sales
10.4.6.3 U.A.E Automotive Camshaft Market
- 10.4.6.3.1 U.A.E Automotive Camshaft Market by Manufacturing Technology
- 10.4.6.3.2 U.A.E Automotive Camshaft Market by Vehicle Type
- 10.4.6.3.3 U.A.E Automotive Camshaft Market by Sales
10.4.6.4 Iran Automotive Camshaft Market
- 10.4.6.4.1 Iran Automotive Camshaft Market by Manufacturing Technology
- 10.4.6.4.2 Iran Automotive Camshaft Market by Vehicle Type
- 10.4.6.4.3 Iran Automotive Camshaft Market by Sales
10.4.6.5 Rest of Middle East and Africa Automotive Camshaft Market
- 10.4.6.5.1 Rest of Middle East and Africa Automotive Camshaft Market by Manufacturing Technology
- 10.4.6.5.2 Rest of Middle East and Africa Automotive Camshaft Market by Vehicle Type
- 10.4.6.5.3 Rest of Middle East and Africa Automotive Camshaft Market by Sales
10.5. SOUTH AND CENTRAL AMERICA
- 10.5.1 South and Central America Automotive Camshaft Market Overview
- 10.5.2 South and Central America Automotive Camshaft Market Forecasts and Analysis
- 10.5.3 South and Central America Automotive Camshaft Market Forecasts and Analysis - By Manufacturing Technology
- 10.5.4 South and Central America Automotive Camshaft Market Forecasts and Analysis - By Vehicle Type
- 10.5.5 South and Central America Automotive Camshaft Market Forecasts and Analysis - By Sales
- 10.5.6 South and Central America Automotive Camshaft Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Automotive Camshaft Market
- 10.5.6.1.1 Brazil Automotive Camshaft Market by Manufacturing Technology
- 10.5.6.1.2 Brazil Automotive Camshaft Market by Vehicle Type
- 10.5.6.1.3 Brazil Automotive Camshaft Market by Sales
10.5.6.2 Argentina Automotive Camshaft Market
- 10.5.6.2.1 Argentina Automotive Camshaft Market by Manufacturing Technology
- 10.5.6.2.2 Argentina Automotive Camshaft Market by Vehicle Type
- 10.5.6.2.3 Argentina Automotive Camshaft Market by Sales
10.5.6.3 Rest of South and Central America Automotive Camshaft Market
- 10.5.6.3.1 Rest of South and Central America Automotive Camshaft Market by Manufacturing Technology
- 10.5.6.3.2 Rest of South and Central America Automotive Camshaft Market by Vehicle Type
- 10.5.6.3.3 Rest of South and Central America Automotive Camshaft Market by Sales
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 CAMSHAFT MARKET, KEY COMPANY PROFILES
12.1. ESTAS CAMSHAFT
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. KAUTEX TEXTRON GMBH & CO. KG
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. LACO CAMSHAFTS
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. MAHLE GMBH
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. MELLING ENGINE PARTS
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. MERITOR, INC.
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. PIPER CAMS
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. SANDVIK COROMANT
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. SCHRICK CAMSHAFT
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. THYSSENKRUPP 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
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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