Automotive Integrated Circuits (ICs) Market SWOT Analysis by 2031
The automotive integrated circuits (ICs) market is expected to register a CAGR 6.8% during the forecast period 2023–2031. The rising adoption of connected cars is likely to remain a key trend in the market.
Automotive Integrated Circuits (ICs) Market Analysis
Automotive ICs enable manufacturers to assemble multiple applications on a single chip to enhance performance. High-quality automotive ICs are equipped in automobiles for the purpose of safe driving. The rise in demand for environmentally friendly vehicles such as hybrid electric, and electric is increasing, resulting in boost of the automotive ICs market.
Automotive Integrated Circuits (ICs) Market Overview
Automotive ICs are adapted for special applications within a vehicle system. ICs play an important role in modern vehicle design and functionality. The expansion of the automotive industry has created market growth for automotive ICs. The market is segmented by types, application, and vehicle type. The increase in the adoption of technology innovation in automobiles has led to growth of market. Integrated circuits (ICs) are essential component in the vehicle control units. The integrated system ICs ensures actuator movements, handles information and provide safety related relevant actions for the automotive consumers.
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Automotive Integrated Circuits (ICs) Market: Strategic Insights
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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 Integrated Circuits (ICs) Market: Strategic Insights
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Increase in Automobile Production and Rise in Demand for Connected Cars Drives the Market Growth
Increasing automotive production across the globe and growing consumers preference towards the advanced featured cars drives the market growth. For instance, according to The International Organization of Motor Vehicle Manufacturers (OICA), the global automotive production reached to around 93.5 million units which was increased by 8.6% compared to 2022. Such, rising automotive production is the major driving factor for the market growth.
Increasing Electric Vehicles Sale and Growing Demand for the Autonomous Cars in Developed Countries is Expected to Create Ample Opportunity for the Market Growth
Rising electric vehicles sale across the globe with surge in government initiatives is expected to create ample opportunity for the market growth. According to the International Energy Agency (IEA), sales of electric cars have reached to around 14 million in 2023. The rise in demand for electric and autonomous vehicles with significant innovation in automotive industry is expected to create ample opportunity for the market growth. Integration with advanced technologies such as AI, IoT and machine learning enables the demand automotive Integrated Chips (ICs) product growth. For instance, in May, 2024, KPN IoT and Austria-based Freeeway IoT connectivity provider launched an integrated IoT monetization platform for the automotive market. This solution enables automotive OEMs and automotive part manufacturers to generate recurring revenue from the connected cars in Europe.
Automotive Integrated Circuits (ICs) Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive integrated circuits (ICs) market analysis are type, application, and vehicle type.
- Based on type, the market is divided into Monolithic Integrated Circuits, and Hybrid or Multichip Integrated Circuit.
- Depending upon the application, the market is segmented into Advanced Driver Assistance System (ADAS), In-Vehicle Networking, Engine Management, Transmission Control System, Others)
- Based on vehicle type, the global market is divided into passenger cars, and commercial vehicles.
Automotive Integrated Circuits (ICs) Market Share Analysis by Geography
- The Automotive Integrated Circuits (ICs) 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 Integrated Circuits (ICs) 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 Integrated Circuits (ICs) market in these regions.
Automotive Integrated Circuits (ICs) Market Report Scope
Automotive Integrated Circuits (ICs) Market News and Recent Developments
The automotive integrated circuits (ICs) 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 Integrated Circuits (ICs) market are listed below:
- Intel announced plans to drive the company’s AI everywhere strategy into the automotive market, including a deal to acquire Silicon Mobility, a fabless silicon and software company that specializes in SoCs for intelligent electric vehicle (EV) energy management. Intel also announced: a new family of AI-enhanced software-defined vehicle system-on-chips (SoCs), with Zeekr as the first original equipment manufacturer (OEM) to adopt the new SoC to deliver its generative AI-driven living room experiences to next-generation vehicles. (Source: Intel Corporation, Company Website, January 2024)
- Qualcomm Diversifies Automotive Portfolio with Launch of Snapdragon Digital Chassis for 2-Wheelers and New Vehicle Classes. Snapdragon Digital Chassis™ solution expands its support beyond cars and trucks to now include SoCs (System-on-Chip), known as the QWM2290 and QWS2290 platforms, tailored for a wide range of 2-wheelers, as well as micromobility and other motorized vehicle segments. New platforms to leverage latest technologies from Snapdragon® Cockpit and Automotive Connectivity Platforms, and Cloud-Connected Digital Services. (Source: Qualcomm Corporation, Company Website, September 2023)
Automotive Integrated Circuits (ICs) Market Report Coverage and Deliverables
The “Automotive Integrated Circuits (ICs) Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive Integrated Circuits (ICs) market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive Integrated Circuits (ICs) market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Automotive Integrated Circuits (ICs) 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 Integrated Circuits (ICs) 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.
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Some of the customization options available based on the request are an additional 3–5 company profiles and a 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.
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The leading players operating in the Automotive Integrated Circuits (ICs) market include Intel Corporation, Samsung Electronics Ltd., Robert Bosch GmbH, Qualcomm, Renesas Electronics Corporation, Infineon Technologies AG, STMicroelectronics, ROHM CO. LTD., Texas Instruments, and NXP Semiconductors.
The rising adoption of connected cars is likely to remain a key trend in the market.
The global automotive integrated circuits (ICs) market is expected to grow at a CAGR of 6.8% during the forecast period 2023 - 2031.
Increase in Automobile Production and Rise in Demand for Connected Cars Drives the Market Growth.
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 IC Market - By Type
1.3.2 Automotive IC Market - By Application
1.3.3 Automotive IC Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE IC 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 IC 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 IC MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE IC - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE IC - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE IC MARKET - REVENUE AND FORECASTS TO 2027 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MONOLITHIC INTEGRATED CIRCUITS
7.3.1. Overview
7.3.2. Monolithic Integrated Circuits Market Forecast and Analysis
7.4. HYBRID OR MULTICHIP INTEGRATED CIRCUIT
7.4.1. Overview
7.4.2. Hybrid or Multichip Integrated Circuit Market Forecast and Analysis
8. AUTOMOTIVE IC MARKET - REVENUE AND FORECASTS TO 2027 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS)
8.3.1. Overview
8.3.2. Advanced Driver Assistance System (ADAS) Market Forecast and Analysis
8.4. IN-VEHICLE NETWORKING
8.4.1. Overview
8.4.2. In-Vehicle Networking Market Forecast and Analysis
8.5. ENGINE MANAGEMENT
8.5.1. Overview
8.5.2. Engine Management Market Forecast and Analysis
8.6. TRANSMISSION CONTROL SYSTEM
8.6.1. Overview
8.6.2. Transmission Control System Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. AUTOMOTIVE IC MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Automotive IC Market Overview
9.1.2 North America Automotive IC Market Forecasts and Analysis
9.1.3 North America Automotive IC Market Forecasts and Analysis - By Type
9.1.4 North America Automotive IC Market Forecasts and Analysis - By Application
9.1.5 North America Automotive IC Market Forecasts and Analysis - By Countries
9.1.5.1 United States Automotive IC Market
9.1.5.1.1 United States Automotive IC Market by Type
9.1.5.1.2 United States Automotive IC Market by Application
9.1.5.2 Canada Automotive IC Market
9.1.5.2.1 Canada Automotive IC Market by Type
9.1.5.2.2 Canada Automotive IC Market by Application
9.1.5.3 Mexico Automotive IC Market
9.1.5.3.1 Mexico Automotive IC Market by Type
9.1.5.3.2 Mexico Automotive IC Market by Application
9.2. EUROPE
9.2.1 Europe Automotive IC Market Overview
9.2.2 Europe Automotive IC Market Forecasts and Analysis
9.2.3 Europe Automotive IC Market Forecasts and Analysis - By Type
9.2.4 Europe Automotive IC Market Forecasts and Analysis - By Application
9.2.5 Europe Automotive IC Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Automotive IC Market
9.2.5.1.1 Germany Automotive IC Market by Type
9.2.5.1.2 Germany Automotive IC Market by Application
9.2.5.2 France Automotive IC Market
9.2.5.2.1 France Automotive IC Market by Type
9.2.5.2.2 France Automotive IC Market by Application
9.2.5.3 Italy Automotive IC Market
9.2.5.3.1 Italy Automotive IC Market by Type
9.2.5.3.2 Italy Automotive IC Market by Application
9.2.5.4 United Kingdom Automotive IC Market
9.2.5.4.1 United Kingdom Automotive IC Market by Type
9.2.5.4.2 United Kingdom Automotive IC Market by Application
9.2.5.5 Russia Automotive IC Market
9.2.5.5.1 Russia Automotive IC Market by Type
9.2.5.5.2 Russia Automotive IC Market by Application
9.2.5.6 Rest of Europe Automotive IC Market
9.2.5.6.1 Rest of Europe Automotive IC Market by Type
9.2.5.6.2 Rest of Europe Automotive IC Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Automotive IC Market Overview
9.3.2 Asia-Pacific Automotive IC Market Forecasts and Analysis
9.3.3 Asia-Pacific Automotive IC Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Automotive IC Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Automotive IC Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Automotive IC Market
9.3.5.1.1 Australia Automotive IC Market by Type
9.3.5.1.2 Australia Automotive IC Market by Application
9.3.5.2 China Automotive IC Market
9.3.5.2.1 China Automotive IC Market by Type
9.3.5.2.2 China Automotive IC Market by Application
9.3.5.3 India Automotive IC Market
9.3.5.3.1 India Automotive IC Market by Type
9.3.5.3.2 India Automotive IC Market by Application
9.3.5.4 Japan Automotive IC Market
9.3.5.4.1 Japan Automotive IC Market by Type
9.3.5.4.2 Japan Automotive IC Market by Application
9.3.5.5 South Korea Automotive IC Market
9.3.5.5.1 South Korea Automotive IC Market by Type
9.3.5.5.2 South Korea Automotive IC Market by Application
9.3.5.6 Rest of Asia-Pacific Automotive IC Market
9.3.5.6.1 Rest of Asia-Pacific Automotive IC Market by Type
9.3.5.6.2 Rest of Asia-Pacific Automotive IC Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Automotive IC Market Overview
9.4.2 Middle East and Africa Automotive IC Market Forecasts and Analysis
9.4.3 Middle East and Africa Automotive IC Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Automotive IC Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Automotive IC Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Automotive IC Market
9.4.5.1.1 South Africa Automotive IC Market by Type
9.4.5.1.2 South Africa Automotive IC Market by Application
9.4.5.2 Saudi Arabia Automotive IC Market
9.4.5.2.1 Saudi Arabia Automotive IC Market by Type
9.4.5.2.2 Saudi Arabia Automotive IC Market by Application
9.4.5.3 U.A.E Automotive IC Market
9.4.5.3.1 U.A.E Automotive IC Market by Type
9.4.5.3.2 U.A.E Automotive IC Market by Application
9.4.5.4 Rest of Middle East and Africa Automotive IC Market
9.4.5.4.1 Rest of Middle East and Africa Automotive IC Market by Type
9.4.5.4.2 Rest of Middle East and Africa Automotive IC Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Automotive IC Market Overview
9.5.2 South and Central America Automotive IC Market Forecasts and Analysis
9.5.3 South and Central America Automotive IC Market Forecasts and Analysis - By Type
9.5.4 South and Central America Automotive IC Market Forecasts and Analysis - By Application
9.5.5 South and Central America Automotive IC Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Automotive IC Market
9.5.5.1.1 Brazil Automotive IC Market by Type
9.5.5.1.2 Brazil Automotive IC Market by Application
9.5.5.2 Argentina Automotive IC Market
9.5.5.2.1 Argentina Automotive IC Market by Type
9.5.5.2.2 Argentina Automotive IC Market by Application
9.5.5.3 Rest of South and Central America Automotive IC Market
9.5.5.3.1 Rest of South and Central America Automotive IC Market by Type
9.5.5.3.2 Rest of South and Central America Automotive IC Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AUTOMOTIVE IC MARKET, KEY COMPANY PROFILES
11.1. INFINEON TECHNOLOGIES AG
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. INTEL CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. NXP SEMICONDUCTORS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. QUALCOMM TECHNOLOGIES INC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. RENESAS ELECTRONICS CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ROBERT BOSCH GMBH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ROHM SEMICONDUCTOR
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SAMSUNG
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. STMICROELECTRONICS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TEXAS INSTRUMENTS INC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Infineon Technologies AG
2. Intel Corporation
3. NXP Semiconductors
4. Qualcomm Technologies Inc
5. Renesas Electronics Corporation
6. Robert Bosch GmbH
7. ROHM Semiconductor
8. SAMSUNG
9. STMicroelectronics
10. Texas Instruments Inc
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.