Automotive Chassis Market Analysis 2021-2031 | Top Players
The Automotive Chassis Market is expected to register a CAGR of 5.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Chassis Type (Backbone Chassis, Ladder Chassis, Monocoque Chassis, Modular Chassis); Material (High Strength Steel, Aluminium Alloy, Mild Steel, Carbon Fiber Composite); Vehicle Type (Passenger Car, Commercial Vehicle). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the Report
The report Automotive Chassis Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Automotive Chassis Market Segmentation
Chassis Type
- Backbone Chassis
- Ladder Chassis
- Monocoque Chassis
- Modular Chassis
Material
- High Strength Steel
- Aluminium Alloy
- Mild Steel
- Carbon Fiber Composite
Vehicle Type
- Passenger Car
- Commercial Vehicle
Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South and Central America
Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South and Central America
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Automotive Chassis Systems Market: Strategic Insights
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Automotive Chassis Market Growth Drivers
- Increased Demand for Lightweight Vehicles: The automotive industry's push towards reducing weight to improve fuel efficiency and performance is a key driver for the chassis market. Lightweight materials like aluminum, carbon fiber, and high-strength steel are increasingly being used in chassis design to meet these demands. This shift helps manufacturers meet environmental regulations and improve vehicle performance, driving the adoption of advanced chassis technologies.
- Growth of Electric Vehicles (EVs): The rise in electric vehicles is significantly influencing the chassis market. EVs require specialized chassis systems to accommodate batteries and optimize vehicle weight distribution. As the EV market expands, chassis designs are evolving to meet the unique needs of electric propulsion, contributing to increased demand for lightweight, durable, and custom chassis solutions.
- Rising Vehicle Production and Sales: Global vehicle production growth, especially in emerging markets, is a significant driver for the chassis market. With increasing demand for passenger cars, commercial vehicles, and electric vehicles, automakers are investing heavily in advanced chassis systems. These systems enhance vehicle stability, safety, and overall performance, driving up the demand for innovative chassis technologies.
Automotive Chassis Market Future Trends
- Adoption of Modular Chassis Platforms: Automakers are increasingly adopting modular chassis platforms to streamline production and reduce costs. These platforms allow for multiple vehicle types to be built using the same base structure, enabling manufacturers to efficiently meet varying consumer demands. This trend is particularly beneficial for electric vehicle production, where scalable platforms can be tailored for different battery sizes and vehicle types.
- Integration of Autonomous Driving Features: With the rise of autonomous vehicles, chassis designs are evolving to accommodate new technology. Autonomous vehicles require chassis systems that provide enhanced stability, safety, and the ability to integrate sensors, cameras, and other components necessary for self-driving functionality. This trend is driving the development of more flexible and adaptable chassis architectures.
Automotive Chassis Market Opportunities
- Chassis Development for Autonomous Vehicles: As the market for autonomous vehicles grows, there is a major opportunity for chassis manufacturers to design systems that cater specifically to the needs of self-driving cars. These vehicles require specialized structural integrity, weight distribution, and the integration of sensors. Manufacturers who can develop chassis that support autonomous driving technology will be well-positioned in this expanding market.
- Expansion in Emerging Markets: The growing automotive industry in emerging markets such as China, India, and Brazil presents significant opportunities for chassis manufacturers. These regions are experiencing an increase in vehicle production, especially in commercial vehicles and lower-cost passenger cars. By catering to the specific needs of these markets, manufacturers can expand their presence and capitalize on rising demand for advanced, affordable chassis solutions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Automotive Chassis Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Automotive Chassis Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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
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to country scope.
Frequently Asked Questions
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 Automotive Chassis Market is estimated to witness a CAGR of 5.7% from 2023 to 2031
The major factors driving the Automotive Chassis Market are: Increasing Preference for Light Weight Materials#Technological Advancements
The Growing Culture of Environmental Conservation is the key future trend of the Automotive Chassis Market
The leading players operating in the Automotive Chassis Market include Schaeffler Technologies AG, Hyundai Motor Company, Aisin Seiki, Magna International Inc, Continental AG, ZF Friedrichshafen AG, Tower International, Benteler International AG, CIE Automotive, REE Automotive Ltd
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 Chassis Systems Market - By Chassis Type
1.3.2 Automotive Chassis Systems Market - By Material
1.3.3 Automotive Chassis Systems Market - By Vehicle Type
1.3.4 Automotive Chassis Systems Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE CHASSIS SYSTEMS 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 CHASSIS SYSTEMS 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 CHASSIS SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE CHASSIS SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE CHASSIS SYSTEMS - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE CHASSIS SYSTEMS MARKET - REVENUE AND FORECASTS TO 2027 - CHASSIS TYPE
7.1. OVERVIEW
7.2. CHASSIS TYPE MARKET FORECASTS AND ANALYSIS
7.3. BACKBONE CHASSIS
7.3.1. Overview
7.3.2. Backbone Chassis Market Forecast and Analysis
7.4. LADDER CHASSIS
7.4.1. Overview
7.4.2. Ladder Chassis Market Forecast and Analysis
7.5. MONOCOQUE CHASSIS
7.5.1. Overview
7.5.2. Monocoque Chassis Market Forecast and Analysis
7.6. MODULAR CHASSIS
7.6.1. Overview
7.6.2. Modular Chassis Market Forecast and Analysis
8. AUTOMOTIVE CHASSIS SYSTEMS MARKET - REVENUE AND FORECASTS TO 2027 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. HIGH STRENGTH STEEL
8.3.1. Overview
8.3.2. High Strength Steel Market Forecast and Analysis
8.4. ALUMINUM ALLOY
8.4.1. Overview
8.4.2. Aluminum Alloy Market Forecast and Analysis
8.5. MILD STEEL
8.5.1. Overview
8.5.2. Mild Steel Market Forecast and Analysis
8.6. CARBON FIBER COMPOSITE
8.6.1. Overview
8.6.2. Carbon Fiber Composite Market Forecast and Analysis
9. AUTOMOTIVE CHASSIS SYSTEMS MARKET - REVENUE AND FORECASTS TO 2027 - VEHICLE TYPE
9.1. OVERVIEW
9.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
9.3. PASSENGER CAR
9.3.1. Overview
9.3.2. Passenger Car Market Forecast and Analysis
9.4. COMMERCIAL VEHICLE
9.4.1. Overview
9.4.2. Commercial Vehicle Market Forecast and Analysis
10. AUTOMOTIVE CHASSIS SYSTEMS MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Automotive Chassis Systems Market Overview
10.1.2 North America Automotive Chassis Systems Market Forecasts and Analysis
10.1.3 North America Automotive Chassis Systems Market Forecasts and Analysis - By Chassis Type
10.1.4 North America Automotive Chassis Systems Market Forecasts and Analysis - By Material
10.1.5 North America Automotive Chassis Systems Market Forecasts and Analysis - By Vehicle Type
10.1.6 North America Automotive Chassis Systems Market Forecasts and Analysis - By Countries
10.1.6.1 United States Automotive Chassis Systems Market
10.1.6.1.1 United States Automotive Chassis Systems Market by Chassis Type
10.1.6.1.2 United States Automotive Chassis Systems Market by Material
10.1.6.1.3 United States Automotive Chassis Systems Market by Vehicle Type
10.1.6.2 Canada Automotive Chassis Systems Market
10.1.6.2.1 Canada Automotive Chassis Systems Market by Chassis Type
10.1.6.2.2 Canada Automotive Chassis Systems Market by Material
10.1.6.2.3 Canada Automotive Chassis Systems Market by Vehicle Type
10.1.6.3 Mexico Automotive Chassis Systems Market
10.1.6.3.1 Mexico Automotive Chassis Systems Market by Chassis Type
10.1.6.3.2 Mexico Automotive Chassis Systems Market by Material
10.1.6.3.3 Mexico Automotive Chassis Systems Market by Vehicle Type
10.2. EUROPE
10.2.1 Europe Automotive Chassis Systems Market Overview
10.2.2 Europe Automotive Chassis Systems Market Forecasts and Analysis
10.2.3 Europe Automotive Chassis Systems Market Forecasts and Analysis - By Chassis Type
10.2.4 Europe Automotive Chassis Systems Market Forecasts and Analysis - By Material
10.2.5 Europe Automotive Chassis Systems Market Forecasts and Analysis - By Vehicle Type
10.2.6 Europe Automotive Chassis Systems Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Automotive Chassis Systems Market
10.2.6.1.1 Germany Automotive Chassis Systems Market by Chassis Type
10.2.6.1.2 Germany Automotive Chassis Systems Market by Material
10.2.6.1.3 Germany Automotive Chassis Systems Market by Vehicle Type
10.2.6.2 France Automotive Chassis Systems Market
10.2.6.2.1 France Automotive Chassis Systems Market by Chassis Type
10.2.6.2.2 France Automotive Chassis Systems Market by Material
10.2.6.2.3 France Automotive Chassis Systems Market by Vehicle Type
10.2.6.3 Italy Automotive Chassis Systems Market
10.2.6.3.1 Italy Automotive Chassis Systems Market by Chassis Type
10.2.6.3.2 Italy Automotive Chassis Systems Market by Material
10.2.6.3.3 Italy Automotive Chassis Systems Market by Vehicle Type
10.2.6.4 United Kingdom Automotive Chassis Systems Market
10.2.6.4.1 United Kingdom Automotive Chassis Systems Market by Chassis Type
10.2.6.4.2 United Kingdom Automotive Chassis Systems Market by Material
10.2.6.4.3 United Kingdom Automotive Chassis Systems Market by Vehicle Type
10.2.6.5 Russia Automotive Chassis Systems Market
10.2.6.5.1 Russia Automotive Chassis Systems Market by Chassis Type
10.2.6.5.2 Russia Automotive Chassis Systems Market by Material
10.2.6.5.3 Russia Automotive Chassis Systems Market by Vehicle Type
10.2.6.6 Rest of Europe Automotive Chassis Systems Market
10.2.6.6.1 Rest of Europe Automotive Chassis Systems Market by Chassis Type
10.2.6.6.2 Rest of Europe Automotive Chassis Systems Market by Material
10.2.6.6.3 Rest of Europe Automotive Chassis Systems Market by Vehicle Type
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Automotive Chassis Systems Market Overview
10.3.2 Asia-Pacific Automotive Chassis Systems Market Forecasts and Analysis
10.3.3 Asia-Pacific Automotive Chassis Systems Market Forecasts and Analysis - By Chassis Type
10.3.4 Asia-Pacific Automotive Chassis Systems Market Forecasts and Analysis - By Material
10.3.5 Asia-Pacific Automotive Chassis Systems Market Forecasts and Analysis - By Vehicle Type
10.3.6 Asia-Pacific Automotive Chassis Systems Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Automotive Chassis Systems Market
10.3.6.1.1 Australia Automotive Chassis Systems Market by Chassis Type
10.3.6.1.2 Australia Automotive Chassis Systems Market by Material
10.3.6.1.3 Australia Automotive Chassis Systems Market by Vehicle Type
10.3.6.2 China Automotive Chassis Systems Market
10.3.6.2.1 China Automotive Chassis Systems Market by Chassis Type
10.3.6.2.2 China Automotive Chassis Systems Market by Material
10.3.6.2.3 China Automotive Chassis Systems Market by Vehicle Type
10.3.6.3 India Automotive Chassis Systems Market
10.3.6.3.1 India Automotive Chassis Systems Market by Chassis Type
10.3.6.3.2 India Automotive Chassis Systems Market by Material
10.3.6.3.3 India Automotive Chassis Systems Market by Vehicle Type
10.3.6.4 Japan Automotive Chassis Systems Market
10.3.6.4.1 Japan Automotive Chassis Systems Market by Chassis Type
10.3.6.4.2 Japan Automotive Chassis Systems Market by Material
10.3.6.4.3 Japan Automotive Chassis Systems Market by Vehicle Type
10.3.6.5 South Korea Automotive Chassis Systems Market
10.3.6.5.1 South Korea Automotive Chassis Systems Market by Chassis Type
10.3.6.5.2 South Korea Automotive Chassis Systems Market by Material
10.3.6.5.3 South Korea Automotive Chassis Systems Market by Vehicle Type
10.3.6.6 Rest of Asia-Pacific Automotive Chassis Systems Market
10.3.6.6.1 Rest of Asia-Pacific Automotive Chassis Systems Market by Chassis Type
10.3.6.6.2 Rest of Asia-Pacific Automotive Chassis Systems Market by Material
10.3.6.6.3 Rest of Asia-Pacific Automotive Chassis Systems Market by Vehicle Type
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Automotive Chassis Systems Market Overview
10.4.2 Middle East and Africa Automotive Chassis Systems Market Forecasts and Analysis
10.4.3 Middle East and Africa Automotive Chassis Systems Market Forecasts and Analysis - By Chassis Type
10.4.4 Middle East and Africa Automotive Chassis Systems Market Forecasts and Analysis - By Material
10.4.5 Middle East and Africa Automotive Chassis Systems Market Forecasts and Analysis - By Vehicle Type
10.4.6 Middle East and Africa Automotive Chassis Systems Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Automotive Chassis Systems Market
10.4.6.1.1 South Africa Automotive Chassis Systems Market by Chassis Type
10.4.6.1.2 South Africa Automotive Chassis Systems Market by Material
10.4.6.1.3 South Africa Automotive Chassis Systems Market by Vehicle Type
10.4.6.2 Saudi Arabia Automotive Chassis Systems Market
10.4.6.2.1 Saudi Arabia Automotive Chassis Systems Market by Chassis Type
10.4.6.2.2 Saudi Arabia Automotive Chassis Systems Market by Material
10.4.6.2.3 Saudi Arabia Automotive Chassis Systems Market by Vehicle Type
10.4.6.3 U.A.E Automotive Chassis Systems Market
10.4.6.3.1 U.A.E Automotive Chassis Systems Market by Chassis Type
10.4.6.3.2 U.A.E Automotive Chassis Systems Market by Material
10.4.6.3.3 U.A.E Automotive Chassis Systems Market by Vehicle Type
10.4.6.4 Rest of Middle East and Africa Automotive Chassis Systems Market
10.4.6.4.1 Rest of Middle East and Africa Automotive Chassis Systems Market by Chassis Type
10.4.6.4.2 Rest of Middle East and Africa Automotive Chassis Systems Market by Material
10.4.6.4.3 Rest of Middle East and Africa Automotive Chassis Systems Market by Vehicle Type
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Automotive Chassis Systems Market Overview
10.5.2 South and Central America Automotive Chassis Systems Market Forecasts and Analysis
10.5.3 South and Central America Automotive Chassis Systems Market Forecasts and Analysis - By Chassis Type
10.5.4 South and Central America Automotive Chassis Systems Market Forecasts and Analysis - By Material
10.5.5 South and Central America Automotive Chassis Systems Market Forecasts and Analysis - By Vehicle Type
10.5.6 South and Central America Automotive Chassis Systems Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Automotive Chassis Systems Market
10.5.6.1.1 Brazil Automotive Chassis Systems Market by Chassis Type
10.5.6.1.2 Brazil Automotive Chassis Systems Market by Material
10.5.6.1.3 Brazil Automotive Chassis Systems Market by Vehicle Type
10.5.6.2 Argentina Automotive Chassis Systems Market
10.5.6.2.1 Argentina Automotive Chassis Systems Market by Chassis Type
10.5.6.2.2 Argentina Automotive Chassis Systems Market by Material
10.5.6.2.3 Argentina Automotive Chassis Systems Market by Vehicle Type
10.5.6.3 Rest of South and Central America Automotive Chassis Systems Market
10.5.6.3.1 Rest of South and Central America Automotive Chassis Systems Market by Chassis Type
10.5.6.3.2 Rest of South and Central America Automotive Chassis Systems Market by Material
10.5.6.3.3 Rest of South and Central America Automotive Chassis Systems 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 CHASSIS SYSTEMS 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. ALOIS KOBER GMBH
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. BENTELER INTERNATIONAL
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. CIE 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. CONTINENTAL AG
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. F-TECH 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. 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. SCHAEFFLER TECHNOLOGIES AG AND CO. KG
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. TOWER INTERNATIONAL
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. ALOIS KOBER GMBH
3. BENTELER International
4. CIE Automotive
5. Continental AG
6. F-TECH INC
7. Magna International Inc.
8. Schaeffler Technologies AG and Co. KG
9. Tower International
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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