Automotive Steer-by-Wire Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A steer-by-wire system is designed and developed to eliminate the physical contact between the wheels and the steering wheel of the vehicle by utilizing electrically controlled motors for changing the direction of the wheels and also for providing feedback to the driver. In the present scenario, the automakers are focusing on manufacturing vehicles by using various electronic systems for enhancing the performance of the vehicles. As steer-by-wire system is easily modifiable, different drivers can be able to adjust the system to accommodate their styles and which in turn will enhance handling.
MARKET DYNAMICS
The key factors that are contributing to the growth of the automotive steer-by-wire market are the implementation of stringent emission norms, raised concerns about in-vehicle safety, need for advanced driver assistance systems, and development and integration of advanced vehicle technologies. Moreover, the increase in vehicle automation is anticipated to boost the market growth in the coming years.
MARKET SCOPE
The "Global Automotive Steer-by-Wire Market Analysis to 2031" is a specialized and in-depth study of the automotive steer-by-wire industry with a special focus on the global market trend analysis. The report aims to provide an overview of automotive steer-by-wire market with detailed market segmentation by component, propulsion, vehicle type, and geography. The global automotive steer-by-wire market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive steer-by-wire market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global automotive steer-by-wire market is segmented on the basis of component, propulsion, and vehicle type. Based on component, the market is segmented as feedback motor, angular sensor, and steering actuator. Further, based on propulsion, the automotive steer-by-wire market is divided into ICE and electric vehicle. Furthermore, on basis of vehicle type, automotive steer-by-wire market is segmented as passenger car, LCV, and HCV.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive steer-by-wire 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), Middle East and Africa (MEA) and South & Central America. The automotive steer-by-wire 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 automotive steer-by-wire 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 PEST analysis for the automotive steer-by-wire market for each region.
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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 automotive steer-by-wire 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), Middle East and Africa (MEA) and South & Central America. The automotive steer-by-wire 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 automotive steer-by-wire 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 PEST analysis for the automotive steer-by-wire market for each region.
MARKET PLAYERS
The reports cover key developments in the automotive steer-by-wire 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 & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from automotive steer-by-wire market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive steer-by-wire in the global market. Below mentioned is the list of few companies engaged in the automotive steer-by-wire market.
The report also includes the profiles of key automotive steer-by-wire companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
- Eaton Corporation
- Ficosa International S.A.
- JTEKT Corporation
- Kongsberg Gruppen
- KYB Corporation
- LORD Corporation
- Nexteer Automotive
- Robert Bosch GmbH
- Thyssenkrupp AG
- ZF Friedrichshafen AG
- 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 Steer-by-Wire Market - By Component
1.3.2Automotive Steer-by-Wire Market - By Propulsion
1.3.3Automotive Steer-by-Wire Market - By Vehicle Type
1.3.4Automotive Steer-by-Wire Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.AUTOMOTIVE STEER-BY-WIRE MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.AUTOMOTIVE STEER-BY-WIRE MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6.AUTOMOTIVE STEER-BY-WIRE MARKET - GLOBAL MARKET ANALYSIS
6.1.AUTOMOTIVE STEER-BY-WIRE - GLOBAL MARKET OVERVIEW
6.2.AUTOMOTIVE STEER-BY-WIRE - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.AUTOMOTIVE STEER-BY-WIRE MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1.OVERVIEW
7.2.COMPONENT MARKET FORECASTS AND ANALYSIS
7.3.FEEDBACK MOTOR
7.3.1.Overview
7.3.2.Feedback Motor Market Forecast and Analysis
7.4.ANGULAR SENSOR
7.4.1.Overview
7.4.2.Angular Sensor Market Forecast and Analysis
7.5.STEERING ACTUATOR
7.5.1.Overview
7.5.2.Steering Actuator Market Forecast and Analysis
8.AUTOMOTIVE STEER-BY-WIRE MARKET - REVENUE AND FORECASTS TO 2028 - PROPULSION
8.1.OVERVIEW
8.2.PROPULSION MARKET FORECASTS AND ANALYSIS
8.3.ICE
8.3.1.Overview
8.3.2.ICE Market Forecast and Analysis
8.4.ELECTRIC VEHICLE
8.4.1.Overview
8.4.2.Electric Vehicle Market Forecast and Analysis
9.AUTOMOTIVE STEER-BY-WIRE MARKET - REVENUE AND FORECASTS TO 2028 - 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.LCV
9.4.1.Overview
9.4.2.LCV Market Forecast and Analysis
9.5.HCV
9.5.1.Overview
9.5.2.HCV Market Forecast and Analysis
10.AUTOMOTIVE STEER-BY-WIRE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Automotive Steer-by-Wire Market Overview
10.1.2North America Automotive Steer-by-Wire Market Forecasts and Analysis
10.1.3North America Automotive Steer-by-Wire Market Forecasts and Analysis - By Component
10.1.4North America Automotive Steer-by-Wire Market Forecasts and Analysis - By Propulsion
10.1.5North America Automotive Steer-by-Wire Market Forecasts and Analysis - By Vehicle Type
10.1.6North America Automotive Steer-by-Wire Market Forecasts and Analysis - By Countries
10.1.6.1United States Automotive Steer-by-Wire Market
10.1.6.1.1United States Automotive Steer-by-Wire Market by Component
10.1.6.1.2United States Automotive Steer-by-Wire Market by Propulsion
10.1.6.1.3United States Automotive Steer-by-Wire Market by Vehicle Type
10.1.6.2Canada Automotive Steer-by-Wire Market
10.1.6.2.1Canada Automotive Steer-by-Wire Market by Component
10.1.6.2.2Canada Automotive Steer-by-Wire Market by Propulsion
10.1.6.2.3Canada Automotive Steer-by-Wire Market by Vehicle Type
10.1.6.3Mexico Automotive Steer-by-Wire Market
10.1.6.3.1Mexico Automotive Steer-by-Wire Market by Component
10.1.6.3.2Mexico Automotive Steer-by-Wire Market by Propulsion
10.1.6.3.3Mexico Automotive Steer-by-Wire Market by Vehicle Type
10.2.EUROPE
10.2.1Europe Automotive Steer-by-Wire Market Overview
10.2.2Europe Automotive Steer-by-Wire Market Forecasts and Analysis
10.2.3Europe Automotive Steer-by-Wire Market Forecasts and Analysis - By Component
10.2.4Europe Automotive Steer-by-Wire Market Forecasts and Analysis - By Propulsion
10.2.5Europe Automotive Steer-by-Wire Market Forecasts and Analysis - By Vehicle Type
10.2.6Europe Automotive Steer-by-Wire Market Forecasts and Analysis - By Countries
10.2.6.1Germany Automotive Steer-by-Wire Market
10.2.6.1.1Germany Automotive Steer-by-Wire Market by Component
10.2.6.1.2Germany Automotive Steer-by-Wire Market by Propulsion
10.2.6.1.3Germany Automotive Steer-by-Wire Market by Vehicle Type
10.2.6.2France Automotive Steer-by-Wire Market
10.2.6.2.1France Automotive Steer-by-Wire Market by Component
10.2.6.2.2France Automotive Steer-by-Wire Market by Propulsion
10.2.6.2.3France Automotive Steer-by-Wire Market by Vehicle Type
10.2.6.3Italy Automotive Steer-by-Wire Market
10.2.6.3.1Italy Automotive Steer-by-Wire Market by Component
10.2.6.3.2Italy Automotive Steer-by-Wire Market by Propulsion
10.2.6.3.3Italy Automotive Steer-by-Wire Market by Vehicle Type
10.2.6.4United Kingdom Automotive Steer-by-Wire Market
10.2.6.4.1United Kingdom Automotive Steer-by-Wire Market by Component
10.2.6.4.2United Kingdom Automotive Steer-by-Wire Market by Propulsion
10.2.6.4.3United Kingdom Automotive Steer-by-Wire Market by Vehicle Type
10.2.6.5Russia Automotive Steer-by-Wire Market
10.2.6.5.1Russia Automotive Steer-by-Wire Market by Component
10.2.6.5.2Russia Automotive Steer-by-Wire Market by Propulsion
10.2.6.5.3Russia Automotive Steer-by-Wire Market by Vehicle Type
10.2.6.6Rest of Europe Automotive Steer-by-Wire Market
10.2.6.6.1Rest of Europe Automotive Steer-by-Wire Market by Component
10.2.6.6.2Rest of Europe Automotive Steer-by-Wire Market by Propulsion
10.2.6.6.3Rest of Europe Automotive Steer-by-Wire Market by Vehicle Type
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Automotive Steer-by-Wire Market Overview
10.3.2Asia-Pacific Automotive Steer-by-Wire Market Forecasts and Analysis
10.3.3Asia-Pacific Automotive Steer-by-Wire Market Forecasts and Analysis - By Component
10.3.4Asia-Pacific Automotive Steer-by-Wire Market Forecasts and Analysis - By Propulsion
10.3.5Asia-Pacific Automotive Steer-by-Wire Market Forecasts and Analysis - By Vehicle Type
10.3.6Asia-Pacific Automotive Steer-by-Wire Market Forecasts and Analysis - By Countries
10.3.6.1Australia Automotive Steer-by-Wire Market
10.3.6.1.1Australia Automotive Steer-by-Wire Market by Component
10.3.6.1.2Australia Automotive Steer-by-Wire Market by Propulsion
10.3.6.1.3Australia Automotive Steer-by-Wire Market by Vehicle Type
10.3.6.2China Automotive Steer-by-Wire Market
10.3.6.2.1China Automotive Steer-by-Wire Market by Component
10.3.6.2.2China Automotive Steer-by-Wire Market by Propulsion
10.3.6.2.3China Automotive Steer-by-Wire Market by Vehicle Type
10.3.6.3India Automotive Steer-by-Wire Market
10.3.6.3.1India Automotive Steer-by-Wire Market by Component
10.3.6.3.2India Automotive Steer-by-Wire Market by Propulsion
10.3.6.3.3India Automotive Steer-by-Wire Market by Vehicle Type
10.3.6.4Japan Automotive Steer-by-Wire Market
10.3.6.4.1Japan Automotive Steer-by-Wire Market by Component
10.3.6.4.2Japan Automotive Steer-by-Wire Market by Propulsion
10.3.6.4.3Japan Automotive Steer-by-Wire Market by Vehicle Type
10.3.6.5South Korea Automotive Steer-by-Wire Market
10.3.6.5.1South Korea Automotive Steer-by-Wire Market by Component
10.3.6.5.2South Korea Automotive Steer-by-Wire Market by Propulsion
10.3.6.5.3South Korea Automotive Steer-by-Wire Market by Vehicle Type
10.3.6.6Rest of Asia-Pacific Automotive Steer-by-Wire Market
10.3.6.6.1Rest of Asia-Pacific Automotive Steer-by-Wire Market by Component
10.3.6.6.2Rest of Asia-Pacific Automotive Steer-by-Wire Market by Propulsion
10.3.6.6.3Rest of Asia-Pacific Automotive Steer-by-Wire Market by Vehicle Type
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Automotive Steer-by-Wire Market Overview
10.4.2Middle East and Africa Automotive Steer-by-Wire Market Forecasts and Analysis
10.4.3Middle East and Africa Automotive Steer-by-Wire Market Forecasts and Analysis - By Component
10.4.4Middle East and Africa Automotive Steer-by-Wire Market Forecasts and Analysis - By Propulsion
10.4.5Middle East and Africa Automotive Steer-by-Wire Market Forecasts and Analysis - By Vehicle Type
10.4.6Middle East and Africa Automotive Steer-by-Wire Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Automotive Steer-by-Wire Market
10.4.6.1.1South Africa Automotive Steer-by-Wire Market by Component
10.4.6.1.2South Africa Automotive Steer-by-Wire Market by Propulsion
10.4.6.1.3South Africa Automotive Steer-by-Wire Market by Vehicle Type
10.4.6.2Saudi Arabia Automotive Steer-by-Wire Market
10.4.6.2.1Saudi Arabia Automotive Steer-by-Wire Market by Component
10.4.6.2.2Saudi Arabia Automotive Steer-by-Wire Market by Propulsion
10.4.6.2.3Saudi Arabia Automotive Steer-by-Wire Market by Vehicle Type
10.4.6.3U.A.E Automotive Steer-by-Wire Market
10.4.6.3.1U.A.E Automotive Steer-by-Wire Market by Component
10.4.6.3.2U.A.E Automotive Steer-by-Wire Market by Propulsion
10.4.6.3.3U.A.E Automotive Steer-by-Wire Market by Vehicle Type
10.4.6.4Rest of Middle East and Africa Automotive Steer-by-Wire Market
10.4.6.4.1Rest of Middle East and Africa Automotive Steer-by-Wire Market by Component
10.4.6.4.2Rest of Middle East and Africa Automotive Steer-by-Wire Market by Propulsion
10.4.6.4.3Rest of Middle East and Africa Automotive Steer-by-Wire Market by Vehicle Type
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Automotive Steer-by-Wire Market Overview
10.5.2South and Central America Automotive Steer-by-Wire Market Forecasts and Analysis
10.5.3South and Central America Automotive Steer-by-Wire Market Forecasts and Analysis - By Component
10.5.4South and Central America Automotive Steer-by-Wire Market Forecasts and Analysis - By Propulsion
10.5.5South and Central America Automotive Steer-by-Wire Market Forecasts and Analysis - By Vehicle Type
10.5.6South and Central America Automotive Steer-by-Wire Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Automotive Steer-by-Wire Market
10.5.6.1.1Brazil Automotive Steer-by-Wire Market by Component
10.5.6.1.2Brazil Automotive Steer-by-Wire Market by Propulsion
10.5.6.1.3Brazil Automotive Steer-by-Wire Market by Vehicle Type
10.5.6.2Argentina Automotive Steer-by-Wire Market
10.5.6.2.1Argentina Automotive Steer-by-Wire Market by Component
10.5.6.2.2Argentina Automotive Steer-by-Wire Market by Propulsion
10.5.6.2.3Argentina Automotive Steer-by-Wire Market by Vehicle Type
10.5.6.3Rest of South and Central America Automotive Steer-by-Wire Market
10.5.6.3.1Rest of South and Central America Automotive Steer-by-Wire Market by Component
10.5.6.3.2Rest of South and Central America Automotive Steer-by-Wire Market by Propulsion
10.5.6.3.3Rest of South and Central America Automotive Steer-by-Wire 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 STEER-BY-WIRE MARKET, KEY COMPANY PROFILES
12.1.EATON CORPORATION
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.FICOSA INTERNATIONAL S.A.
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.JTEKT CORPORATION
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.KONGSBERG GRUPPEN
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.KYB CORPORATION
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.LORD CORPORATION
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.NEXTEER AUTOMOTIVE
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.ROBERT BOSCH GMBH
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.THYSSENKRUPP AG
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
1. Eaton Corporation2. Ficosa International S.A.3. JTEKT Corporation4. Kongsberg Gruppen5. KYB Corporation6. LORD Corporation7. Nexteer Automotive8. Robert Bosch GmbH9. Thyssenkrupp AG10. 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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