Catalytic Converter Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A catalytic converter is a device used as exhaust emission control device which reduces toxic gases and pollutants from an internal combustion engine into less-toxic pollutants by a catalyzing a redox reaction. These converters are usually used with internal combustion engines fueled by either gasoline, diesel-including lean-burn engines as well as kerosene heaters and stoves.
MARKET DYNAMICS
The catalytic converter market is heavily influenced by driving factors such as stringent fuel efficiency & emission regulations around the globe to influence the demand of catalytic converters and also increasing vehicle sales and production boosts the market growth. However, increasing sales of battery electric vehicles is impacting negatively on the growth of this market in the current market scenario.
MARKET SCOPE
The "Global catalytic converter market analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global catalytic converter market trend analysis. The report aims to provide an overview of the catalytic converter market with detailed market segmentation by vehicle type, material and by off highway vehicle. The global catalytic converter market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading catalytic converter market players and offers key trends and opportunities in the catalytic converter market.
MARKET SEGMENTATION
The global catalytic converter market is segmented on the basis of type the market is segmented as Three way catalytic converter (TWCC) ,four-way catalytic converter (FWCC),diesel oxidation catalyst (DOC),selective catalytic reduction (SCR) and lean nox trap (LNT).On the basis of vehicle type, material and by off highway vehicle. Based on vehicle type the market is segmented as passenger car, heavy commercial and Light Commercial Vehicle (LCV), truck and bus. On the basis of material the market is segmented palladium, platinum and rhodium. On the basis of the highway vehicle the market is segmented as agricultural tractors, construction equipment and mining equipment.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Catalytic converter market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The catalytic converter market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting catalytic converter market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Catalytic converter market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Catalytic converter market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The catalytic converter market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting catalytic converter market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Catalytic converter market in these regions.
MARKET PLAYERSThe reports cover key developments in the catalytic converter 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 way for expansion of business and customer base of market players. The market payers from catalytic converter market are anticipated to lucrative growth opportunities in the future with the rising demand for catalytic converter in the global market. Below mentioned is the list of few companies engaged in the catalytic converter market.
The report also includes the profiles of key catalytic converter companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
- BASF SE
- BENTELER International
- CDTi Advanced Materials, Inc.
- Continental AG
- Eberspächer
- Faurecia
- Johnson Matthey
- Magneti Marelli S.p.A
- Standard Motor Products Europe
- Tenneco Inc.
- 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
1.3.1Catalytic Converter Market - By Type
1.3.2Catalytic Converter Market - By Vehicle Type
1.3.3Catalytic Converter Market - By Material
1.3.4Catalytic Converter Market - By Off-Highway Vehicle
1.3.5Catalytic Converter Market - By Region
1.3.5.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.CATALYTIC CONVERTER 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.CATALYTIC CONVERTER 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.CATALYTIC CONVERTER MARKET - GLOBAL MARKET ANALYSIS
6.1.CATALYTIC CONVERTER - GLOBAL MARKET OVERVIEW
6.2.CATALYTIC CONVERTER - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.CATALYTIC CONVERTER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.THREE WAY CATALYTIC CONVERTER (TWCC)
7.3.1.Overview
7.3.2.Three Way Catalytic Converter (TWCC) Market Forecast and Analysis
7.4.FOUR-WAY CATALYTIC CONVERTER (FWCC)
7.4.1.Overview
7.4.2.Four-Way Catalytic Converter (FWCC) Market Forecast and Analysis
7.5.DIESEL OXIDATION CATALYST (DOC)
7.5.1.Overview
7.5.2.Diesel Oxidation Catalyst (DOC) Market Forecast and Analysis
7.6.SELECTIVE CATALYTIC REDUCTION (SCR)
7.6.1.Overview
7.6.2.Selective Catalytic Reduction (SCR) Market Forecast and Analysis
7.7.LEAN NOX TRAP (LNT)
7.7.1.Overview
7.7.2.Lean Nox Trap (LNT) Market Forecast and Analysis
8.CATALYTIC CONVERTER MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
8.1.OVERVIEW
8.2.VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3.PASSENGER CAR
8.3.1.Overview
8.3.2.Passenger Car Market Forecast and Analysis
8.4.HEAVY COMMERCIAL
8.4.1.Overview
8.4.2.Heavy Commercial Market Forecast and Analysis
8.5.LIGHT COMMERCIAL VEHICLE
8.5.1.Overview
8.5.2.Light Commercial Vehicle Market Forecast and Analysis
8.6.TRUCK
8.6.1.Overview
8.6.2.Truck Market Forecast and Analysis
8.7.BUS
8.7.1.Overview
8.7.2.Bus Market Forecast and Analysis
9.CATALYTIC CONVERTER MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
9.1.OVERVIEW
9.2.MATERIAL MARKET FORECASTS AND ANALYSIS
9.3.PALLADIUM
9.3.1.Overview
9.3.2.Palladium Market Forecast and Analysis
9.4.PLATINUM
9.4.1.Overview
9.4.2.Platinum Market Forecast and Analysis
9.5.RHODIUM
9.5.1.Overview
9.5.2.Rhodium Market Forecast and Analysis
10.CATALYTIC CONVERTER MARKET - REVENUE AND FORECASTS TO 2028 - OFF-HIGHWAY VEHICLE
10.1.OVERVIEW
10.2.OFF-HIGHWAY VEHICLE MARKET FORECASTS AND ANALYSIS
10.3.AGRICULTURE TRACTORS
10.3.1.Overview
10.3.2.Agriculture Tractors Market Forecast and Analysis
10.4.CONSTRUCTION EQUIPMENT
10.4.1.Overview
10.4.2.Construction Equipment Market Forecast and Analysis
10.5.MINING EQUIPMENT
10.5.1.Overview
10.5.2.Mining Equipment Market Forecast and Analysis
11.CATALYTIC CONVERTER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Catalytic Converter Market Overview
11.1.2North America Catalytic Converter Market Forecasts and Analysis
11.1.3North America Catalytic Converter Market Forecasts and Analysis - By Type
11.1.4North America Catalytic Converter Market Forecasts and Analysis - By Vehicle Type
11.1.5North America Catalytic Converter Market Forecasts and Analysis - By Material
11.1.6North America Catalytic Converter Market Forecasts and Analysis - By Off-Highway Vehicle
11.1.7North America Catalytic Converter Market Forecasts and Analysis - By Countries
11.1.7.1United States Catalytic Converter Market
11.1.7.1.1United States Catalytic Converter Market by Type
11.1.7.1.2United States Catalytic Converter Market by Vehicle Type
11.1.7.1.3United States Catalytic Converter Market by Material
11.1.7.1.4United States Catalytic Converter Market by Off-Highway Vehicle
11.1.7.2Canada Catalytic Converter Market
11.1.7.2.1Canada Catalytic Converter Market by Type
11.1.7.2.2Canada Catalytic Converter Market by Vehicle Type
11.1.7.2.3Canada Catalytic Converter Market by Material
11.1.7.2.4Canada Catalytic Converter Market by Off-Highway Vehicle
11.1.7.3Mexico Catalytic Converter Market
11.1.7.3.1Mexico Catalytic Converter Market by Type
11.1.7.3.2Mexico Catalytic Converter Market by Vehicle Type
11.1.7.3.3Mexico Catalytic Converter Market by Material
11.1.7.3.4Mexico Catalytic Converter Market by Off-Highway Vehicle
11.2.EUROPE
11.2.1Europe Catalytic Converter Market Overview
11.2.2Europe Catalytic Converter Market Forecasts and Analysis
11.2.3Europe Catalytic Converter Market Forecasts and Analysis - By Type
11.2.4Europe Catalytic Converter Market Forecasts and Analysis - By Vehicle Type
11.2.5Europe Catalytic Converter Market Forecasts and Analysis - By Material
11.2.6Europe Catalytic Converter Market Forecasts and Analysis - By Off-Highway Vehicle
11.2.7Europe Catalytic Converter Market Forecasts and Analysis - By Countries
11.2.7.1Germany Catalytic Converter Market
11.2.7.1.1Germany Catalytic Converter Market by Type
11.2.7.1.2Germany Catalytic Converter Market by Vehicle Type
11.2.7.1.3Germany Catalytic Converter Market by Material
11.2.7.1.4Germany Catalytic Converter Market by Off-Highway Vehicle
11.2.7.2France Catalytic Converter Market
11.2.7.2.1France Catalytic Converter Market by Type
11.2.7.2.2France Catalytic Converter Market by Vehicle Type
11.2.7.2.3France Catalytic Converter Market by Material
11.2.7.2.4France Catalytic Converter Market by Off-Highway Vehicle
11.2.7.3Italy Catalytic Converter Market
11.2.7.3.1Italy Catalytic Converter Market by Type
11.2.7.3.2Italy Catalytic Converter Market by Vehicle Type
11.2.7.3.3Italy Catalytic Converter Market by Material
11.2.7.3.4Italy Catalytic Converter Market by Off-Highway Vehicle
11.2.7.4United Kingdom Catalytic Converter Market
11.2.7.4.1United Kingdom Catalytic Converter Market by Type
11.2.7.4.2United Kingdom Catalytic Converter Market by Vehicle Type
11.2.7.4.3United Kingdom Catalytic Converter Market by Material
11.2.7.4.4United Kingdom Catalytic Converter Market by Off-Highway Vehicle
11.2.7.5Russia Catalytic Converter Market
11.2.7.5.1Russia Catalytic Converter Market by Type
11.2.7.5.2Russia Catalytic Converter Market by Vehicle Type
11.2.7.5.3Russia Catalytic Converter Market by Material
11.2.7.5.4Russia Catalytic Converter Market by Off-Highway Vehicle
11.2.7.6Rest of Europe Catalytic Converter Market
11.2.7.6.1Rest of Europe Catalytic Converter Market by Type
11.2.7.6.2Rest of Europe Catalytic Converter Market by Vehicle Type
11.2.7.6.3Rest of Europe Catalytic Converter Market by Material
11.2.7.6.4Rest of Europe Catalytic Converter Market by Off-Highway Vehicle
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Catalytic Converter Market Overview
11.3.2Asia-Pacific Catalytic Converter Market Forecasts and Analysis
11.3.3Asia-Pacific Catalytic Converter Market Forecasts and Analysis - By Type
11.3.4Asia-Pacific Catalytic Converter Market Forecasts and Analysis - By Vehicle Type
11.3.5Asia-Pacific Catalytic Converter Market Forecasts and Analysis - By Material
11.3.6Asia-Pacific Catalytic Converter Market Forecasts and Analysis - By Off-Highway Vehicle
11.3.7Asia-Pacific Catalytic Converter Market Forecasts and Analysis - By Countries
11.3.7.1Australia Catalytic Converter Market
11.3.7.1.1Australia Catalytic Converter Market by Type
11.3.7.1.2Australia Catalytic Converter Market by Vehicle Type
11.3.7.1.3Australia Catalytic Converter Market by Material
11.3.7.1.4Australia Catalytic Converter Market by Off-Highway Vehicle
11.3.7.2China Catalytic Converter Market
11.3.7.2.1China Catalytic Converter Market by Type
11.3.7.2.2China Catalytic Converter Market by Vehicle Type
11.3.7.2.3China Catalytic Converter Market by Material
11.3.7.2.4China Catalytic Converter Market by Off-Highway Vehicle
11.3.7.3India Catalytic Converter Market
11.3.7.3.1India Catalytic Converter Market by Type
11.3.7.3.2India Catalytic Converter Market by Vehicle Type
11.3.7.3.3India Catalytic Converter Market by Material
11.3.7.3.4India Catalytic Converter Market by Off-Highway Vehicle
11.3.7.4Japan Catalytic Converter Market
11.3.7.4.1Japan Catalytic Converter Market by Type
11.3.7.4.2Japan Catalytic Converter Market by Vehicle Type
11.3.7.4.3Japan Catalytic Converter Market by Material
11.3.7.4.4Japan Catalytic Converter Market by Off-Highway Vehicle
11.3.7.5South Korea Catalytic Converter Market
11.3.7.5.1South Korea Catalytic Converter Market by Type
11.3.7.5.2South Korea Catalytic Converter Market by Vehicle Type
11.3.7.5.3South Korea Catalytic Converter Market by Material
11.3.7.5.4South Korea Catalytic Converter Market by Off-Highway Vehicle
11.3.7.6Rest of Asia-Pacific Catalytic Converter Market
11.3.7.6.1Rest of Asia-Pacific Catalytic Converter Market by Type
11.3.7.6.2Rest of Asia-Pacific Catalytic Converter Market by Vehicle Type
11.3.7.6.3Rest of Asia-Pacific Catalytic Converter Market by Material
11.3.7.6.4Rest of Asia-Pacific Catalytic Converter Market by Off-Highway Vehicle
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Catalytic Converter Market Overview
11.4.2Middle East and Africa Catalytic Converter Market Forecasts and Analysis
11.4.3Middle East and Africa Catalytic Converter Market Forecasts and Analysis - By Type
11.4.4Middle East and Africa Catalytic Converter Market Forecasts and Analysis - By Vehicle Type
11.4.5Middle East and Africa Catalytic Converter Market Forecasts and Analysis - By Material
11.4.6Middle East and Africa Catalytic Converter Market Forecasts and Analysis - By Off-Highway Vehicle
11.4.7Middle East and Africa Catalytic Converter Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Catalytic Converter Market
11.4.7.1.1South Africa Catalytic Converter Market by Type
11.4.7.1.2South Africa Catalytic Converter Market by Vehicle Type
11.4.7.1.3South Africa Catalytic Converter Market by Material
11.4.7.1.4South Africa Catalytic Converter Market by Off-Highway Vehicle
11.4.7.2Saudi Arabia Catalytic Converter Market
11.4.7.2.1Saudi Arabia Catalytic Converter Market by Type
11.4.7.2.2Saudi Arabia Catalytic Converter Market by Vehicle Type
11.4.7.2.3Saudi Arabia Catalytic Converter Market by Material
11.4.7.2.4Saudi Arabia Catalytic Converter Market by Off-Highway Vehicle
11.4.7.3U.A.E Catalytic Converter Market
11.4.7.3.1U.A.E Catalytic Converter Market by Type
11.4.7.3.2U.A.E Catalytic Converter Market by Vehicle Type
11.4.7.3.3U.A.E Catalytic Converter Market by Material
11.4.7.3.4U.A.E Catalytic Converter Market by Off-Highway Vehicle
11.4.7.4Rest of Middle East and Africa Catalytic Converter Market
11.4.7.4.1Rest of Middle East and Africa Catalytic Converter Market by Type
11.4.7.4.2Rest of Middle East and Africa Catalytic Converter Market by Vehicle Type
11.4.7.4.3Rest of Middle East and Africa Catalytic Converter Market by Material
11.4.7.4.4Rest of Middle East and Africa Catalytic Converter Market by Off-Highway Vehicle
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Catalytic Converter Market Overview
11.5.2South and Central America Catalytic Converter Market Forecasts and Analysis
11.5.3South and Central America Catalytic Converter Market Forecasts and Analysis - By Type
11.5.4South and Central America Catalytic Converter Market Forecasts and Analysis - By Vehicle Type
11.5.5South and Central America Catalytic Converter Market Forecasts and Analysis - By Material
11.5.6South and Central America Catalytic Converter Market Forecasts and Analysis - By Off-Highway Vehicle
11.5.7South and Central America Catalytic Converter Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Catalytic Converter Market
11.5.7.1.1Brazil Catalytic Converter Market by Type
11.5.7.1.2Brazil Catalytic Converter Market by Vehicle Type
11.5.7.1.3Brazil Catalytic Converter Market by Material
11.5.7.1.4Brazil Catalytic Converter Market by Off-Highway Vehicle
11.5.7.2Argentina Catalytic Converter Market
11.5.7.2.1Argentina Catalytic Converter Market by Type
11.5.7.2.2Argentina Catalytic Converter Market by Vehicle Type
11.5.7.2.3Argentina Catalytic Converter Market by Material
11.5.7.2.4Argentina Catalytic Converter Market by Off-Highway Vehicle
11.5.7.3Rest of South and Central America Catalytic Converter Market
11.5.7.3.1Rest of South and Central America Catalytic Converter Market by Type
11.5.7.3.2Rest of South and Central America Catalytic Converter Market by Vehicle Type
11.5.7.3.3Rest of South and Central America Catalytic Converter Market by Material
11.5.7.3.4Rest of South and Central America Catalytic Converter Market by Off-Highway Vehicle
12.INDUSTRY LANDSCAPE
12.1.MERGERS AND ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13.CATALYTIC CONVERTER MARKET, KEY COMPANY PROFILES
13.1.BASF SE
13.1.1.Key Facts
13.1.2.Business Description
13.1.3.Products and Services
13.1.4.Financial Overview
13.1.5.SWOT Analysis
13.1.6.Key Developments
13.2.BENTELER INTERNATIONAL
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.CDTI ADVANCED MATERIALS, INC.
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.CONTINENTAL AG
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.EBERSPäCHER
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.FAURECIA
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.JOHNSON MATTHEY
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.MAGNETI MARELLI S.P.A
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.STANDARD MOTOR PRODUCTS EUROPE
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.TENNECO INC.
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
1.BASF SE
2.BENTELER International
3.CDTi Advanced Materials, Inc.
4.Continental AG
5.Eberspächer
6.Faurecia
7.Johnson Matthey
8.Magneti Marelli S.p.A
9.Standard Motor Products Europe
10.Tenneco 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.
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