Automotive Chassis Systems Market Key Findings, Size by 2031
The automotive chassis system market is expected to register a CAGR of 5.5% during 2023–2031. The rising global demand for vehicles, particularly passenger cars, commercial vehicles is posing the need for advanced and reliable chassis systems and as automotive manufacturers striving to enhance vehicle performance, safety, and comfort, the demand for innovative and lightweight chassis materials and designs is growing.
Automotive Chassis Systems Market Analysis
The rising global demand for vehicles, particularly passenger cars, commercial vehicles is posing the need for advanced and reliable chassis systems and as automotive manufacturers striving to enhance vehicle performance, safety, and comfort, the demand for innovative and lightweight chassis materials and designs is growing. The dynamic market for automotive chassis evolves in line with the development of new vehicle technologies and safety standards.
Automotive Chassis Systems Market Overview
The global automotive chassis system market is witnessing significant growth in the coming future. Increase in technological improvements in the other automotive segments has led to significant growth in the automotive chassis system market. So, the number of players in the market is less but the competition is high for the market share. Hence, new product launches with improving technologies and the geographical expansion is expected to rise the growth of the global market. As well as increasing demand for fuel-efficient vehicle, also innovations and technological advancements in chassis systems boosts the growth of the automotive chassis system market worldwide. Moreover, strict government regulations and standards regarding carbon emissions and fuel efficiency are influencing the automotive chassis market.
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 Chassis Systems 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.
Speak to Analyst
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 Chassis Systems 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.
Speak to Analyst
Automotive Chassis Systems Market Drivers and Opportunities
Increasing Concern for Vehicle Safety
Automotive manufacturers are focusing on the development of lightweight vehicles to enhance fuel efficiency and reduce emissions. This drive need for light weighted vehicles, has created a demand for chassis materials like aluminium and high-strength steel, which benefits both improved fuel economy and maintained safety and performance standards. Regulatory enforcement leading to the installation of certain high-end safety features mandated by the government has also added impetus to the size of this market. Increasing production of EVs and hybrids has further broadened this market since these vehicles also require parts and components specific to them. Technological advancements in vehicle design aided by the use of lightweight and strong chassis materials that enhance the performance of the hitherto simple parts, also propel this market.
Development Of High-Performance Materials and Advanced Manufacturing Processes
The automotive chassis market offers enormous prospects for growth and innovation. Owing to the growth in the production of vehicles and the increasing trend towards the manufacturing of electric and hybrid vehicles, there is demand for light weight chassis that not only provide better efficiency but also help in making vehicles more environment-friendly. The development of high-performance materials and advanced manufacturing processes will open up great opportunities for providing the automotive industry with high-quality and low-cost chassis with requisite performance.
Automotive Chassis Systems Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive chassis system market analysis are chassis type, material, and vehicle type.
- Based on chassis type, the automotive chassis system market is divided into Backbone Chassis, Ladder Chassis, Monocoque Chassis, Modular Chassis.
- Based on material, the automotive chassis system market is divided into High Strength Steel, Aluminium Alloy, Mild Steel, Carbon Fiber Composite.
- On the basis of vehicle type, the market is divided into Passenger Cars and Commercial Vehicles.
Automotive Chassis Systems Market Share Analysis by Geography
Automotive Chassis Systems 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 chassis system 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 chassis system market in these regions.
Automotive Chassis Systems Market Report Scope
Automotive Chassis Systems Market News and Recent Developments
The automotive chassis system 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 chassis system market are listed below:
- ZF and Foxconn Close on JV for Passenger Car Chassis Systems, Accelerating Strategic Innovation. Through the partnership, ZF Friedrichshafen AG BENEFITS resources for profitable growth, new customer access and additional development fields beyond the growing core market of axle system assembly. For Foxconn, the acquisition of a 50-percent stake in ZF Chassis Modules GmbH, with a total enterprise value of around €1 billion (around $1.1 billion), opens up new perspectives in the automotive sector. The joint venture will use core competencies and process expertise from existing business areas and jointly develop them for new markets. (Source: ZF, Company Website, MAY 2024)
Automotive Chassis Systems Market Report Coverage and Deliverables
The “Automotive Chassis Systems Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive chassis system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive chassis system market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Automotive chassis system 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 chassis system 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 market is witnessing a focus on future technology trends and upcoming technologies in the automotive chassis system industry.
The global automotive chassis system market is expected to grow at a CAGR of 5.5% during the forecast period 2023 - 2031.
The market is witnessing a focus on future technology trends and upcoming technologies in the automotive chassis system industry.
The leading players operating in the automotive chassis system market are Schaeffler Technologies AG (Germany), Hyundai Motor Company (South Korea), Aisin Seiki (Japan), Magna International Inc. (Canada), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Tower International (U.S.), Benteler International AG (Germany), CIE Automotive (Spain), and REE Automotive, Ltd. (Israel).
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 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.
Get Free Sample For