Automotive EE Architecture Market Key Findings by 2031
Automotive EE architecture is rapidly evolving with an increasing demand for software-oriented design supporting vehicles' in-vehicle communication features. Increasing electrification and integration of advanced connected electronics has bolstered the market growth. The emergence of digital cars, electrification, autonomous driving, and connectivity are among the key technologies propelling market growth. To integrate leading advanced technology in vehicles, OEMs (Original Equipment Manufacturers) are enhancing their focus on centralizing the E/E Architecture. The integration of more sophisticated add-on features in the vehicle makes traditional architecture inefficient and costly. Thus, the market is expected to witness significant demand for modern EE architecture in the coming years.
MARKET SCOPE
The "Global Automotive EE Architecture Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of Automotive EE architecture market with detailed market segmentation by vehicle type, propulsion type, system type, architecture, and geography. The global Automotive EE architecture market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Automotive EE architecture market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on vehicle type, the global Automotive EE architecture market is segmented into passenger vehicle and commercial vehicle.
- On the basis of propulsion type, the market is segmented into ICE and electric.
- On the basis of system type, the market is segmented into electrical and electronics.
- On the basis of architecture, the market is segmented into distributed architecture, domain centralized architecture, and vehicle centralized architecture.
MARKET DYNAMICS
Drivers:
- Increasing Demand of Connected Technology in Vehicles
- Rise in Sell of Electric Vehicle in Developed and Developing Nations
- Growing Demand of Luxurious and Premium Cars
Restraints:
- Disruption in Supply Chain and Lowering Sale of vehicles in the global market due to COVID - 19 limits the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Automotive EE architecture market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Automotive EE architecture market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE EE ARCHITECTURE MARKET
The COVID-19 pandemic dramatically impacted the global automotive industry as major vehicle manufacturing companies halted production owing to the fall in demand from new vehicles and disruptions in the worldwide supply chain. According to several automotive industry associations and organizations, the automotive sector recorded ~20â"25% loss in production and more than 30% loss in sales in 2021. After witnessing a significant drop in 2021 due to the COVID-19 pandemic, the automotive market is experiencing a gradual recovery fourth quarter of 2021. Automotive sales in Europe and the US are anticipated to rebound to pre-COVID-19 pandemic levels by 2023, while China's rebound continues to accelerate, with the potential to approach 30 million new vehicles by 2031.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Automotive EE architecture market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Automotive EE architecture market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE EE ARCHITECTURE MARKET
The COVID-19 pandemic dramatically impacted the global automotive industry as major vehicle manufacturing companies halted production owing to the fall in demand from new vehicles and disruptions in the worldwide supply chain. According to several automotive industry associations and organizations, the automotive sector recorded ~20â"25% loss in production and more than 30% loss in sales in 2021. After witnessing a significant drop in 2021 due to the COVID-19 pandemic, the automotive market is experiencing a gradual recovery fourth quarter of 2021. Automotive sales in Europe and the US are anticipated to rebound to pre-COVID-19 pandemic levels by 2023, while China's rebound continues to accelerate, with the potential to approach 30 million new vehicles by 2031.
MARKET PLAYERS
The report covers key developments in the Automotive EE architecture market as 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 and collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Automotive EE architecture market are anticipated to lucrative growth opportunities in the future with the rising demand for Automotive EE architecture in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Automotive EE architecture market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aptiv PLC
- Continental AG
- Cummins Inc.
- Hella GmbH
- Magna International
- Mahle GmbH
- Robert Bosch GmbH
- Valeo SA
- Visteon AG
- ZF Friedrichshafen AG
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
1.3.1Automotive EE Architecture Market - By Vehicle Type
1.3.2Automotive EE Architecture Market - By Propulsion Type
1.3.3Automotive EE Architecture Market - By System Type
1.3.4Automotive EE Architecture Market - By Architecture
1.3.5Automotive EE Architecture Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.AUTOMOTIVE EE ARCHITECTURE MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.AUTOMOTIVE EE ARCHITECTURE 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 EE ARCHITECTURE MARKET - GLOBAL MARKET ANALYSIS
6.1.AUTOMOTIVE EE ARCHITECTURE - GLOBAL MARKET OVERVIEW
6.2.AUTOMOTIVE EE ARCHITECTURE - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.AUTOMOTIVE EE ARCHITECTURE MARKET - REVENUE AND FORECASTS TO 2028 â" VEHICLE TYPE
7.1.OVERVIEW
7.2.VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
7.3.PASSENGER VEHICLE
7.3.1.Overview
7.3.2.Passenger Vehicle Market Forecast and Analysis
7.4.COMMERCIAL VEHICLE
7.4.1.Overview
7.4.2.Commercial Vehicle Market Forecast and Analysis
8.AUTOMOTIVE EE ARCHITECTURE MARKET - REVENUE AND FORECASTS TO 2028 â" PROPULSION TYPE
8.1.OVERVIEW
8.2.PROPULSION TYPE MARKET FORECASTS AND ANALYSIS
8.3.ICE
8.3.1.Overview
8.3.2.ICE Market Forecast and Analysis
8.4.ELECTRIC
8.4.1.Overview
8.4.2.Electric Market Forecast and Analysis
9.AUTOMOTIVE EE ARCHITECTURE MARKET - REVENUE AND FORECASTS TO 2028 â" SYSTEM TYPE
9.1.OVERVIEW
9.2.SYSTEM TYPE MARKET FORECASTS AND ANALYSIS
9.3.ELECTRICAL
9.3.1.Overview
9.3.2.Electrical Market Forecast and Analysis
9.4.ELECTRONICS
9.4.1.Overview
9.4.2.Electronics Market Forecast and Analysis
10.AUTOMOTIVE EE ARCHITECTURE MARKET - REVENUE AND FORECASTS TO 2028 â" ARCHITECTURE
10.1.OVERVIEW
10.2.ARCHITECTURE MARKET FORECASTS AND ANALYSIS
10.3.DISTRIBUTED ARCHITECTURE
10.3.1.Overview
10.3.2.Distributed Architecture Market Forecast and Analysis
10.4.DOMAIN CENTRALIZED ARCHITECTURE
10.4.1.Overview
10.4.2.Domain Centralized Architecture Market Forecast and Analysis
10.5.VEHICLE CENTRALIZED ARCHITECTURE
10.5.1.Overview
10.5.2.Vehicle Centralized Architecture Market Forecast and Analysis
11.AUTOMOTIVE EE ARCHITECTURE MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Automotive EE Architecture Market Overview
11.1.2North America Automotive EE Architecture Market Forecasts and Analysis
11.1.3North America Automotive EE Architecture Market Forecasts and Analysis - By Vehicle Type
11.1.4North America Automotive EE Architecture Market Forecasts and Analysis - By Propulsion Type
11.1.5North America Automotive EE Architecture Market Forecasts and Analysis - By System Type
11.1.6North America Automotive EE Architecture Market Forecasts and Analysis - By Architecture
11.1.7North America Automotive EE Architecture Market Forecasts and Analysis - By Countries
11.1.7.1United States Automotive EE Architecture Market
11.1.7.1.1United States Automotive EE Architecture Market by Vehicle Type
11.1.7.1.2United States Automotive EE Architecture Market by Propulsion Type
11.1.7.1.3United States Automotive EE Architecture Market by System Type
11.1.7.1.4United States Automotive EE Architecture Market by Architecture
11.1.7.2Canada Automotive EE Architecture Market
11.1.7.2.1Canada Automotive EE Architecture Market by Vehicle Type
11.1.7.2.2Canada Automotive EE Architecture Market by Propulsion Type
11.1.7.2.3Canada Automotive EE Architecture Market by System Type
11.1.7.2.4Canada Automotive EE Architecture Market by Architecture
11.1.7.3Mexico Automotive EE Architecture Market
11.1.7.3.1Mexico Automotive EE Architecture Market by Vehicle Type
11.1.7.3.2Mexico Automotive EE Architecture Market by Propulsion Type
11.1.7.3.3Mexico Automotive EE Architecture Market by System Type
11.1.7.3.4Mexico Automotive EE Architecture Market by Architecture
11.2.EUROPE
11.2.1Europe Automotive EE Architecture Market Overview
11.2.2Europe Automotive EE Architecture Market Forecasts and Analysis
11.2.3Europe Automotive EE Architecture Market Forecasts and Analysis - By Vehicle Type
11.2.4Europe Automotive EE Architecture Market Forecasts and Analysis - By Propulsion Type
11.2.5Europe Automotive EE Architecture Market Forecasts and Analysis - By System Type
11.2.6Europe Automotive EE Architecture Market Forecasts and Analysis - By Architecture
11.2.7Europe Automotive EE Architecture Market Forecasts and Analysis - By Countries
11.2.7.1Germany Automotive EE Architecture Market
11.2.7.1.1Germany Automotive EE Architecture Market by Vehicle Type
11.2.7.1.2Germany Automotive EE Architecture Market by Propulsion Type
11.2.7.1.3Germany Automotive EE Architecture Market by System Type
11.2.7.1.4Germany Automotive EE Architecture Market by Architecture
11.2.7.2France Automotive EE Architecture Market
11.2.7.2.1France Automotive EE Architecture Market by Vehicle Type
11.2.7.2.2France Automotive EE Architecture Market by Propulsion Type
11.2.7.2.3France Automotive EE Architecture Market by System Type
11.2.7.2.4France Automotive EE Architecture Market by Architecture
11.2.7.3Italy Automotive EE Architecture Market
11.2.7.3.1Italy Automotive EE Architecture Market by Vehicle Type
11.2.7.3.2Italy Automotive EE Architecture Market by Propulsion Type
11.2.7.3.3Italy Automotive EE Architecture Market by System Type
11.2.7.3.4Italy Automotive EE Architecture Market by Architecture
11.2.7.4Spain Automotive EE Architecture Market
11.2.7.4.1Spain Automotive EE Architecture Market by Vehicle Type
11.2.7.4.2Spain Automotive EE Architecture Market by Propulsion Type
11.2.7.4.3Spain Automotive EE Architecture Market by System Type
11.2.7.4.4Spain Automotive EE Architecture Market by Architecture
11.2.7.5United Kingdom Automotive EE Architecture Market
11.2.7.5.1United Kingdom Automotive EE Architecture Market by Vehicle Type
11.2.7.5.2United Kingdom Automotive EE Architecture Market by Propulsion Type
11.2.7.5.3United Kingdom Automotive EE Architecture Market by System Type
11.2.7.5.4United Kingdom Automotive EE Architecture Market by Architecture
11.2.7.6Rest of Europe Automotive EE Architecture Market
11.2.7.6.1Rest of Europe Automotive EE Architecture Market by Vehicle Type
11.2.7.6.2Rest of Europe Automotive EE Architecture Market by Propulsion Type
11.2.7.6.3Rest of Europe Automotive EE Architecture Market by System Type
11.2.7.6.4Rest of Europe Automotive EE Architecture Market by Architecture
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Automotive EE Architecture Market Overview
11.3.2Asia-Pacific Automotive EE Architecture Market Forecasts and Analysis
11.3.3Asia-Pacific Automotive EE Architecture Market Forecasts and Analysis - By Vehicle Type
11.3.4Asia-Pacific Automotive EE Architecture Market Forecasts and Analysis - By Propulsion Type
11.3.5Asia-Pacific Automotive EE Architecture Market Forecasts and Analysis - By System Type
11.3.6Asia-Pacific Automotive EE Architecture Market Forecasts and Analysis - By Architecture
11.3.7Asia-Pacific Automotive EE Architecture Market Forecasts and Analysis - By Countries
11.3.7.1China Automotive EE Architecture Market
11.3.7.1.1China Automotive EE Architecture Market by Vehicle Type
11.3.7.1.2China Automotive EE Architecture Market by Propulsion Type
11.3.7.1.3China Automotive EE Architecture Market by System Type
11.3.7.1.4China Automotive EE Architecture Market by Architecture
11.3.7.2India Automotive EE Architecture Market
11.3.7.2.1India Automotive EE Architecture Market by Vehicle Type
11.3.7.2.2India Automotive EE Architecture Market by Propulsion Type
11.3.7.2.3India Automotive EE Architecture Market by System Type
11.3.7.2.4India Automotive EE Architecture Market by Architecture
11.3.7.3Japan Automotive EE Architecture Market
11.3.7.3.1Japan Automotive EE Architecture Market by Vehicle Type
11.3.7.3.2Japan Automotive EE Architecture Market by Propulsion Type
11.3.7.3.3Japan Automotive EE Architecture Market by System Type
11.3.7.3.4Japan Automotive EE Architecture Market by Architecture
11.3.7.4South Korea Automotive EE Architecture Market
11.3.7.4.1South Korea Automotive EE Architecture Market by Vehicle Type
11.3.7.4.2South Korea Automotive EE Architecture Market by Propulsion Type
11.3.7.4.3South Korea Automotive EE Architecture Market by System Type
11.3.7.4.4South Korea Automotive EE Architecture Market by Architecture
11.3.7.5Rest of Asia-Pacific Automotive EE Architecture Market
11.3.7.5.1Rest of Asia-Pacific Automotive EE Architecture Market by Vehicle Type
11.3.7.5.2Rest of Asia-Pacific Automotive EE Architecture Market by Propulsion Type
11.3.7.5.3Rest of Asia-Pacific Automotive EE Architecture Market by System Type
11.3.7.5.4Rest of Asia-Pacific Automotive EE Architecture Market by Architecture
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Automotive EE Architecture Market Overview
11.4.2Middle East and Africa Automotive EE Architecture Market Forecasts and Analysis
11.4.3Middle East and Africa Automotive EE Architecture Market Forecasts and Analysis - By Vehicle Type
11.4.4Middle East and Africa Automotive EE Architecture Market Forecasts and Analysis - By Propulsion Type
11.4.5Middle East and Africa Automotive EE Architecture Market Forecasts and Analysis - By System Type
11.4.6Middle East and Africa Automotive EE Architecture Market Forecasts and Analysis - By Architecture
11.4.7Middle East and Africa Automotive EE Architecture Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Automotive EE Architecture Market
11.4.7.1.1South Africa Automotive EE Architecture Market by Vehicle Type
11.4.7.1.2South Africa Automotive EE Architecture Market by Propulsion Type
11.4.7.1.3South Africa Automotive EE Architecture Market by System Type
11.4.7.1.4South Africa Automotive EE Architecture Market by Architecture
11.4.7.2Rest of Middle East and Africa Automotive EE Architecture Market
11.4.7.2.1Rest of Middle East and Africa Automotive EE Architecture Market by Vehicle Type
11.4.7.2.2Rest of Middle East and Africa Automotive EE Architecture Market by Propulsion Type
11.4.7.2.3Rest of Middle East and Africa Automotive EE Architecture Market by System Type
11.4.7.2.4Rest of Middle East and Africa Automotive EE Architecture Market by Architecture
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Automotive EE Architecture Market Overview
11.5.2South and Central America Automotive EE Architecture Market Forecasts and Analysis
11.5.3South and Central America Automotive EE Architecture Market Forecasts and Analysis - By Vehicle Type
11.5.4South and Central America Automotive EE Architecture Market Forecasts and Analysis - By Propulsion Type
11.5.5South and Central America Automotive EE Architecture Market Forecasts and Analysis - By System Type
11.5.6South and Central America Automotive EE Architecture Market Forecasts and Analysis - By Architecture
11.5.7South and Central America Automotive EE Architecture Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Automotive EE Architecture Market
11.5.7.1.1Brazil Automotive EE Architecture Market by Vehicle Type
11.5.7.1.2Brazil Automotive EE Architecture Market by Propulsion Type
11.5.7.1.3Brazil Automotive EE Architecture Market by System Type
11.5.7.1.4Brazil Automotive EE Architecture Market by Architecture
11.5.7.2Argentina Automotive EE Architecture Market
11.5.7.2.1Argentina Automotive EE Architecture Market by Vehicle Type
11.5.7.2.2Argentina Automotive EE Architecture Market by Propulsion Type
11.5.7.2.3Argentina Automotive EE Architecture Market by System Type
11.5.7.2.4Argentina Automotive EE Architecture Market by Architecture
11.5.7.3Rest of South and Central America Automotive EE Architecture Market
11.5.7.3.1Rest of South and Central America Automotive EE Architecture Market by Vehicle Type
11.5.7.3.2Rest of South and Central America Automotive EE Architecture Market by Propulsion Type
11.5.7.3.3Rest of South and Central America Automotive EE Architecture Market by System Type
11.5.7.3.4Rest of South and Central America Automotive EE Architecture Market by Architecture
12.INDUSTRY LANDSCAPE
12.1.MERGERS AND ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13.AUTOMOTIVE EE ARCHITECTURE MARKET, KEY COMPANY PROFILES
13.1.APTIV PLC
13.1.1.Key Facts
13.1.2.Business Description
13.1.3.Products and Services
13.1.4.Financial Overview
13.1.5.SWOT Analysis
13.1.6.Key Developments
13.2.CONTINENTAL AG
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.CUMMINS INC.
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.HELLA GMBH
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.MAGNA INTERNATIONAL
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.MAHLE GMBH
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.ROBERT BOSCH GMBH
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.VALEO SA
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.VISTEON AG
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.ZF FRIEDRICHSHAFEN AG
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
1. Aptiv PLC
2. Continental AG
3. Cummins Inc.
4. Hella GmbH
5. Magna International
6. Mahle GmbH
7. Robert Bosch GmbH
8. Valeo SA
9. Visteon AG
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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