Autonomous Vehicle Market Dynamics 2021-2031
The autonomous vehicle market is expected to grow from US$ 130.00 billion in 2021 to US$ 373.16 billion by 2031 at a CAGR of 18.0% between 2022 and 2031.
An autonomous vehicle responds to external conditions and provides a number of advantages compared to human-driven vehicles. Advantages such as increased safety on roads and fewer errors in automated operations result in drastically reduced number of casualties as compared to human-driven vehicles. Components such as sensors, actuators, complex algorithms, machine learning systems, and processors are installed in autonomous cars to create a map of their surroundings. Radar sensors monitor the position of nearby vehicles, video cameras detect traffic lights, and LiDAR sensors measure distances and lane markings. The software in autonomous cars then processes the input and sends instructions to the car’s actuators, which control operations such as acceleration, braking, and steering. These advanced features are anticipated to propel the autonomous vehicle market growth.
Market Dynamics
The autonomous vehicle market across the globe is witnessing unprecedented levels of technological advancement, policy and legislative frameworks, and latest trends in mobility development. Some of the recent trends in the autonomous vehicle market includes the shift from robo-taxis to automated trucks. Companies operating in the market are directing their efforts toward automated delivery vehicles with growing advancements in commercializing mobility as a Service (MaaS). In addition, the global autonomous vehicle market is going through an “autonomous disillusionment” that has caused investors to opt for more profitable avenues by shifting toward autonomous technology. This is anticipated to boost the demand for autonomous vehicles.
MARKET SCOPE
The "Global Autonomous Vehicle Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of autonomous vehicle market with detailed market segmentation by autonomy level, and application. The report provides key statistics on the market status of the leading autonomous vehicle market player and offers key trends and opportunities in the market.
Strategic Insights
MARKET SEGMENTATION
The global autonomous vehicle market is segmented into autonomy level, and application. Based on autonomy level, the market is categorized into Level-3, Level-4, and Level-5. Based on application, the market is segmented into consumer, robo taxi, self-driving bus, ride hail, and ride share.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global autonomous vehicle market based on various segments. It also provides market size and forecast estimates from 2022 to 2031 with respect to five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The autonomous vehicle market by each region is later sub-segmented by respective countries. The report covers analysis and forecast of 18 countries globally along with current trends and opportunities prevailing in the region.
From the regional perspective, North America is anticipated to hold a prominent share in the global autonomous vehicle market during the forecast period. The dominance of North America in the autonomous vehicle market is majorly due to the presence of large number of vehicle manufacturers as well as OEM vendors. General Motors, Ford, and Waymo are among the key manufacturers in the region. The below figure showcases the revenue growth trend in the global autonomous vehicle market:
The report analyzes factors affecting autonomous vehicle market from both demand and supply side and further evaluates market dynamics, i.e., drivers, restraints, opportunities, and future trends, impacting the market during the forecast period. The report also provides exhaustive Porter's five forces analysis highlighting the factors affecting the autonomous vehicle market.
IMPACT OF COVID-19 PANDEMIC
The COVID-19 outbreak that resulted in restrictions and proclaimed lockdowns adversely affected the production volumes of various autonomous vehicle manufacturers across the globe, which, in turn, hampered the business and negatively impacted the growth of the global autonomous vehicle market. However, with ease in restrictions and lifting of lockdowns in 2021, the economic conditions recovered and the growth trend in vehicle production and sales began to propel the procurement of autonomous vehicles, resulting in the market growth.
Naveen Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any. 
Have a question?
Speak to Analyst
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global autonomous vehicle market based on various segments. It also provides market size and forecast estimates from 2022 to 2031 with respect to five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The autonomous vehicle market by each region is later sub-segmented by respective countries. The report covers analysis and forecast of 18 countries globally along with current trends and opportunities prevailing in the region.
From the regional perspective, North America is anticipated to hold a prominent share in the global autonomous vehicle market during the forecast period. The dominance of North America in the autonomous vehicle market is majorly due to the presence of large number of vehicle manufacturers as well as OEM vendors. General Motors, Ford, and Waymo are among the key manufacturers in the region. The below figure showcases the revenue growth trend in the global autonomous vehicle market:
The report analyzes factors affecting autonomous vehicle market from both demand and supply side and further evaluates market dynamics, i.e., drivers, restraints, opportunities, and future trends, impacting the market during the forecast period. The report also provides exhaustive Porter's five forces analysis highlighting the factors affecting the autonomous vehicle market.
IMPACT OF COVID-19 PANDEMIC
The COVID-19 outbreak that resulted in restrictions and proclaimed lockdowns adversely affected the production volumes of various autonomous vehicle manufacturers across the globe, which, in turn, hampered the business and negatively impacted the growth of the global autonomous vehicle market. However, with ease in restrictions and lifting of lockdowns in 2021, the economic conditions recovered and the growth trend in vehicle production and sales began to propel the procurement of autonomous vehicles, resulting in the market growth.
MARKET PLAYERS
The report covers key organic and inorganic growth strategies in the autonomous vehicle market. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base. The market players are anticipated to witness lucrative growth opportunities in the future with the rising demand for autonomous vehicle.
The report also includes the profiles of key autonomous vehicle market 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 last 3 years, key development in past five years. Below mentioned is the list of few companies engaged in the autonomous vehicle market.
- Audi AG
- BMW AG
- Daimler AG
- Ford Motor Company
- General Motors Company
- Google LLC
- Honda Motor Co., Ltd.
- Nissan Motor Company
- Tesla
- Toyota Motor Corporation
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
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
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.
Get Free Sample For