Autonomous Vehicle Market Dynamics 2021-2031
The Autonomous Vehicle Market is expected to register a CAGR of 16.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Autonomy Level (Level-3, Level-4, Level-5); Application (Consumer, Robo Taxi, Self-driving Bus, Ride Hail, Ride Share). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Autonomous Vehicle Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Autonomous Vehicle Market Segmentation
Autonomy Level- Level-3
- Level-4
- Level-5
- Consumer
- Robo Taxi
- Self-driving Bus
- Ride Hail
- Ride Share
Strategic Insights
Autonomous Vehicle Market Growth Drivers- Technological Advancements in AI and Machine Learning: The continuous progress in AI and machine learning technologies is driving the autonomous vehicle (AV) market. These advancements allow AVs to better process data from sensors, make real-time decisions, and enhance safety. AI enables vehicles to interpret their environment with increasing accuracy, improving navigation, collision avoidance, and traffic management. As these technologies evolve, the reliability of self-driving cars increases, fostering greater consumer trust and acceptance, which accelerates the market’s growth.
- Increased Focus on Road Safety and Accident Prevention: Autonomous vehicles are poised to reduce human errors, which are responsible for a majority of traffic accidents. By leveraging sensors, cameras, and advanced algorithms, AVs can anticipate hazards and respond faster than human drivers. This promise of significantly reducing accidents and saving lives has captured the attention of both regulators and consumers. Governments and insurance companies are increasingly supporting autonomous vehicle technology to improve road safety, thus driving the growth of the market.
- Government Support and Regulatory Frameworks: Governments worldwide are investing heavily in autonomous vehicle technologies to shape future transportation systems. Policies, grants, and incentives are being introduced to encourage AV development and testing. Additionally, regulatory bodies are actively working on establishing frameworks that ensure safety, cybersecurity, and ethical standards for self-driving cars. This governmental backing, along with clear regulatory guidelines, enhances market confidence and accelerates the deployment of autonomous vehicles on roads.
- Rise of Electric Autonomous Vehicles: The convergence of electric vehicle (EV) and autonomous vehicle technologies is an emerging trend. EVs, powered by clean energy, align with the push for sustainability and green transportation. As automakers develop autonomous systems for EVs, the demand for electric self-driving cars is on the rise. This trend is encouraged by environmental policies, consumer preference for eco-friendly transportation, and the growing cost-efficiency of EVs. The shift toward electric AVs is expected to drive significant market expansion in the coming years.
- Integration with Mobility-as-a-Service (MaaS): Another trend shaping the autonomous vehicle market is the growing integration of AVs with Mobility-as-a-Service (MaaS) platforms. Consumers are increasingly favoring shared, on-demand transportation models, reducing car ownership and utilizing AVs for ride-hailing, shuttle services, and last-mile connectivity. MaaS platforms combine transportation options, including self-driving cars, buses, and bikes, into one seamless service. This trend is contributing to the expansion of autonomous vehicles as a core part of the urban transportation ecosystem.
- Development of AV Infrastructure: The global push for smart cities and connected infrastructure offers significant opportunities for autonomous vehicles. Smart road systems with advanced sensors, traffic management, and vehicle-to-infrastructure (V2I) communication can enhance the safety and efficiency of AVs. These developments create a conducive environment for AV deployment and can lower operational costs, improve performance, and reduce accidents. As governments invest in intelligent infrastructure, the autonomous vehicle market is poised for rapid growth.
- Partnerships and Collaborations in the AV Ecosystem: Strategic partnerships between automotive manufacturers, tech companies, and research institutions present a valuable opportunity for accelerating AV innovation. Companies in the automotive and technology sectors can leverage each other’s expertise in AI, sensors, data analytics, and vehicle design. Collaborations can drive the development of safer, more reliable, and affordable autonomous vehicles. This collaborative approach fosters innovation, speeds up the commercial rollout, and helps companies share the financial burden of AV development.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Autonomous Vehicle Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Autonomous Vehicle Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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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
- 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
Autonomy Level, Application, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Frequently Asked Questions
The Autonomous Vehicle Market is estimated to witness a CAGR of 16.3% from 2023 to 2031
The major factors driving the Autonomous Vehicle Market are:Technological Advancements#Increasing Consumer Demand for Connectivity
Shift Towards Enhanced Safety Features is the key future trend of the Autonomous Vehicle Market
The leading players operating in the Autonomous Vehicle Market include BMW AG, Daimler AG, Ford Motor Company, General Motors, Groupe SA, Renault Nissan Mitsubishi alliance, Tesla Inc, Toyota Motor Corporation, Volkswagen Group
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
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 Autonomous Vehicle Market - By Autonomy Level
1.3.2 Autonomous Vehicle Market - By Application
1.3.3 Autonomous Vehicle Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. AUTONOMOUS VEHICLE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTONOMOUS VEHICLE 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. AUTONOMOUS VEHICLE MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTONOMOUS VEHICLE - GLOBAL MARKET OVERVIEW
6.2. AUTONOMOUS VEHICLE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTONOMOUS VEHICLE MARKET - REVENUE AND FORECASTS TO 2028 - AUTONOMY LEVEL
7.1. OVERVIEW
7.2. AUTONOMY LEVEL MARKET FORECASTS AND ANALYSIS
7.3. LEVEL-3
7.3.1. Overview
7.3.2. Level-3 Market Forecast and Analysis
7.4. LEVEL-4
7.4.1. Overview
7.4.2. Level-4 Market Forecast and Analysis
7.5. LEVEL-5
7.5.1. Overview
7.5.2. Level-5 Market Forecast and Analysis
8. AUTONOMOUS VEHICLE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CONSUMER
8.3.1. Overview
8.3.2. Consumer Market Forecast and Analysis
8.4. ROBO TAXI
8.4.1. Overview
8.4.2. Robo Taxi Market Forecast and Analysis
8.5. SELF-DRIVING BUS
8.5.1. Overview
8.5.2. Self-driving Bus Market Forecast and Analysis
8.6. RIDE HAIL
8.6.1. Overview
8.6.2. Ride Hail Market Forecast and Analysis
8.7. RIDE SHARE
8.7.1. Overview
8.7.2. Ride Share Market Forecast and Analysis
9. AUTONOMOUS VEHICLE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Autonomous Vehicle Market Overview
9.1.2 North America Autonomous Vehicle Market Forecasts and Analysis
9.1.3 North America Autonomous Vehicle Market Forecasts and Analysis - By Autonomy Level
9.1.4 North America Autonomous Vehicle Market Forecasts and Analysis - By Application
9.1.5 North America Autonomous Vehicle Market Forecasts and Analysis - By Countries
9.1.5.1 United States Autonomous Vehicle Market
9.1.5.1.1 United States Autonomous Vehicle Market by Autonomy Level
9.1.5.1.2 United States Autonomous Vehicle Market by Application
9.1.5.2 Canada Autonomous Vehicle Market
9.1.5.2.1 Canada Autonomous Vehicle Market by Autonomy Level
9.1.5.2.2 Canada Autonomous Vehicle Market by Application
9.1.5.3 Mexico Autonomous Vehicle Market
9.1.5.3.1 Mexico Autonomous Vehicle Market by Autonomy Level
9.1.5.3.2 Mexico Autonomous Vehicle Market by Application
9.2. EUROPE
9.2.1 Europe Autonomous Vehicle Market Overview
9.2.2 Europe Autonomous Vehicle Market Forecasts and Analysis
9.2.3 Europe Autonomous Vehicle Market Forecasts and Analysis - By Autonomy Level
9.2.4 Europe Autonomous Vehicle Market Forecasts and Analysis - By Application
9.2.5 Europe Autonomous Vehicle Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Autonomous Vehicle Market
9.2.5.1.1 Germany Autonomous Vehicle Market by Autonomy Level
9.2.5.1.2 Germany Autonomous Vehicle Market by Application
9.2.5.2 France Autonomous Vehicle Market
9.2.5.2.1 France Autonomous Vehicle Market by Autonomy Level
9.2.5.2.2 France Autonomous Vehicle Market by Application
9.2.5.3 Italy Autonomous Vehicle Market
9.2.5.3.1 Italy Autonomous Vehicle Market by Autonomy Level
9.2.5.3.2 Italy Autonomous Vehicle Market by Application
9.2.5.4 United Kingdom Autonomous Vehicle Market
9.2.5.4.1 United Kingdom Autonomous Vehicle Market by Autonomy Level
9.2.5.4.2 United Kingdom Autonomous Vehicle Market by Application
9.2.5.5 Russia Autonomous Vehicle Market
9.2.5.5.1 Russia Autonomous Vehicle Market by Autonomy Level
9.2.5.5.2 Russia Autonomous Vehicle Market by Application
9.2.5.6 Rest of Europe Autonomous Vehicle Market
9.2.5.6.1 Rest of Europe Autonomous Vehicle Market by Autonomy Level
9.2.5.6.2 Rest of Europe Autonomous Vehicle Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Autonomous Vehicle Market Overview
9.3.2 Asia-Pacific Autonomous Vehicle Market Forecasts and Analysis
9.3.3 Asia-Pacific Autonomous Vehicle Market Forecasts and Analysis - By Autonomy Level
9.3.4 Asia-Pacific Autonomous Vehicle Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Autonomous Vehicle Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Autonomous Vehicle Market
9.3.5.1.1 Australia Autonomous Vehicle Market by Autonomy Level
9.3.5.1.2 Australia Autonomous Vehicle Market by Application
9.3.5.2 China Autonomous Vehicle Market
9.3.5.2.1 China Autonomous Vehicle Market by Autonomy Level
9.3.5.2.2 China Autonomous Vehicle Market by Application
9.3.5.3 India Autonomous Vehicle Market
9.3.5.3.1 India Autonomous Vehicle Market by Autonomy Level
9.3.5.3.2 India Autonomous Vehicle Market by Application
9.3.5.4 Japan Autonomous Vehicle Market
9.3.5.4.1 Japan Autonomous Vehicle Market by Autonomy Level
9.3.5.4.2 Japan Autonomous Vehicle Market by Application
9.3.5.5 South Korea Autonomous Vehicle Market
9.3.5.5.1 South Korea Autonomous Vehicle Market by Autonomy Level
9.3.5.5.2 South Korea Autonomous Vehicle Market by Application
9.3.5.6 Rest of Asia-Pacific Autonomous Vehicle Market
9.3.5.6.1 Rest of Asia-Pacific Autonomous Vehicle Market by Autonomy Level
9.3.5.6.2 Rest of Asia-Pacific Autonomous Vehicle Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Autonomous Vehicle Market Overview
9.4.2 Middle East and Africa Autonomous Vehicle Market Forecasts and Analysis
9.4.3 Middle East and Africa Autonomous Vehicle Market Forecasts and Analysis - By Autonomy Level
9.4.4 Middle East and Africa Autonomous Vehicle Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Autonomous Vehicle Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Autonomous Vehicle Market
9.4.5.1.1 South Africa Autonomous Vehicle Market by Autonomy Level
9.4.5.1.2 South Africa Autonomous Vehicle Market by Application
9.4.5.2 Saudi Arabia Autonomous Vehicle Market
9.4.5.2.1 Saudi Arabia Autonomous Vehicle Market by Autonomy Level
9.4.5.2.2 Saudi Arabia Autonomous Vehicle Market by Application
9.4.5.3 U.A.E Autonomous Vehicle Market
9.4.5.3.1 U.A.E Autonomous Vehicle Market by Autonomy Level
9.4.5.3.2 U.A.E Autonomous Vehicle Market by Application
9.4.5.4 Rest of Middle East and Africa Autonomous Vehicle Market
9.4.5.4.1 Rest of Middle East and Africa Autonomous Vehicle Market by Autonomy Level
9.4.5.4.2 Rest of Middle East and Africa Autonomous Vehicle Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Autonomous Vehicle Market Overview
9.5.2 South and Central America Autonomous Vehicle Market Forecasts and Analysis
9.5.3 South and Central America Autonomous Vehicle Market Forecasts and Analysis - By Autonomy Level
9.5.4 South and Central America Autonomous Vehicle Market Forecasts and Analysis - By Application
9.5.5 South and Central America Autonomous Vehicle Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Autonomous Vehicle Market
9.5.5.1.1 Brazil Autonomous Vehicle Market by Autonomy Level
9.5.5.1.2 Brazil Autonomous Vehicle Market by Application
9.5.5.2 Argentina Autonomous Vehicle Market
9.5.5.2.1 Argentina Autonomous Vehicle Market by Autonomy Level
9.5.5.2.2 Argentina Autonomous Vehicle Market by Application
9.5.5.3 Rest of South and Central America Autonomous Vehicle Market
9.5.5.3.1 Rest of South and Central America Autonomous Vehicle Market by Autonomy Level
9.5.5.3.2 Rest of South and Central America Autonomous Vehicle 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. AUTONOMOUS VEHICLE MARKET, KEY COMPANY PROFILES
11.1. BMW 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. DAIMLER AG
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. FORD MOTOR COMPANY
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. GENERAL MOTORS
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. GROUPE SA
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. RENAULT-NISSAN-MITSUBISHI ALLIANCE
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. TESLA INC.
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. TOYOTA MOTOR CORPORATION
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. VOLKSWAGEN GROUP
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. VOLVO-AUTOLIV-ERICSSON-ZENUITY ALLIANCE
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. BMW AG
2. Daimler AG
3. Ford Motor Company
4. General Motors
5. Groupe SA
6. Renault-Nissan-Mitsubishi alliance
7. Tesla Inc.
8. Toyota Motor Corporation
9. Volkswagen Group
10. Volvo-Autoliv-Ericsson-Zenuity alliance
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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