CBCT Dental Imaging Market Dynamics - 2021 to 2031
The CBCT Dental Imaging Market is expected to register a CAGR of 9.8% 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 Detector Type (Image Intensifier Detector, Flat Panel Detector). The report further presents analysis based on the Application (Implantology, Oral and Maxillofacial Surgery, General Dentistry, Orthodontics, Endodontics, Others). The report is segmented by End User (Dental Hospitals & Dental Clinics, Academic And Research Institutes). 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 CBCT Dental Imaging 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.
CBCT Dental Imaging Market Segmentation
Detector Type- Image Intensifier Detector
- Flat Panel Detector
- Implantology
- Oral and Maxillofacial Surgery
- General Dentistry
- Orthodontics
- Endodontics
- Others
- Dental Hospitals & Dental Clinics
- Academic And Research Institutes
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
CBCT Dental Imaging Market Growth Drivers- Advancements in Imaging Technology: Advancement in the imaging technology is continuously driving the market. This mainly emphasizes the provision of modern CBCTs in contemporary systems with higher qualities of images, increased speed of scanning, and improved comfort to the patients. The significance of low-dose radiation exposure, live imaging, and automated software-related image analysis makes the preference of CBCT popular among dentists. Technological advancements not only enhance the precise nature of diagnosis but also bring about a general improvement in the productivity of dental practices, thus encouraging more adoption.
- Rising Demand for Accurate Diagnostics: In current times, the requirement of accuracy and completeness of diagnosis in dentistry has been increased. However, CBCT detailed three-dimensional views of dental structures are provided that will help in better visualization of complex anatomical features involving bone density, root canal morphology, and relationship between teeth and surrounding tissues. Such detail is critical for proper treatment planning in procedures such as dental implants, orthodontics, and oral surgery. Advanced imaging modalities like CBCT have progressively been used in attempts to improve the outcomes of dental treatment.
- Increasing Awareness of Oral Health: The general public is now more conscious of the importance of oral health maintenance. Patients are aware of their dental treatment and hence experience less traumatic procedures. Also, patients demand more effective as well as patient-physician-friendly treatment options than ever before. This in itself can drive the demand for advanced imaging solutions that can facilitate better clinical decision-making. The dental practices that have ready access to CBCT can provide comprehensive treatment options and thus improve patient satisfaction and clientele. Moreover, education programs in the field of dentistry incorporating the training on the use of CBCT will likely see the new generations of dentists prefer to operate in areas that employ this technology.
- AI and Machine Learning Integration: The most evident trend in changing market status is the incorporation of AI and machine learning in CBCT imaging. This is because AI algorithms may be able to support image analysis, therefore contributing immensely to speeding up diagnosis time and accuracy. For instance, if applied in finding abnormalities or diseases, AI will spotlight possible regions with CBCT scans, thereby helping dental practitioners in making decisions. As such technologies mature, we anticipate them to be more widely adopted within dental practice with resulting improvements in patient outcomes and operation efficiency.
- Focus on Patient-Centric Solutions: There is a requirement in the healthcare sector for patient-centric solutions. This also holds true for the dental imaging market. The interest in CBCT systems that bring comfort and experience to patients rather than just focusing on scanning with the least amount of radiation, faster scanning times, and user-friendly interfaces has increased the adoption of CBCT systems among dental practices. 3D printing and virtual reality technologies are used to engage patients during treatment planning, thus improving satisfaction. Firms that concentrate on focusing their innovations on patients will be competitive.
- Regulatory Developments and Standardization: With a desire to develop this market of dental CBCT imaging, regulatory bodies are establishing rules and standards as well to safeguard its use. In this regard, a new wave of regulation will be of immense importance to maintain the highest standard and establish mutual trust in dental professionals and patients. Companies that take an initiative in adapting to such regulatory changes and thereby prove their compliance will gain not only credibility but also eliminate risks associated with non-compliance. Further, standardization could simply mean standardizing the interoperability between the different dental imaging systems so that they become more adaptable and integrated into a dental practice.
- Integration with Digital Dentistry: Use of CBCT imaging with digital dentistry technologies provides a growth opportunity. All capabilities of restorative dentistry can be merged directly with the CAD/CAM systems. This ensures a much more efficient workflow within the dental practice. The combination of CBCT and software, treatment planning for the placement of implants and orthodontic treatments, aims to increase precision and minimize chair time. Companies will capture market share by focusing on developing compatible solutions that appeal to the dental professional seeking a more comprehensive digital workflow.
- Emerging Markets: Emergence for CBCT dental imaging in the emerging market is remarkable as the infrastructure is popping up everywhere to support advanced dental care. Growth in service delivery of dental care is seen in many countries of Asia-Pacific, Latin America, and parts of Africa, and higher disposable incomes coupled with awareness in oral health are reportedly increasing. These markets will create a need for better imaging technologies, including CBCT. Companies focusing on the development of low-cost and scalable solutions for CBCT can set up very solid footholds in these regions to exploit a burgeoning customer base.
- Tele-dentistry and Remote Consultations: CBCT imaging has opened avenues for tele-dentistry advancement. With more frequent remote consultations, dental professionals can utilize the images to facilitate virtual consultation and planning. This goes along with increased access to dental care, especially in the countryside, but also makes it possible for practices to reach a larger audience. Such providers would benefit from the creation of cloud-based storage and sharing platforms for CBCT images and would help facilitate collaboration among dental specialists toward enhancing patient access to advanced diagnostics.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the CBCT Dental Imaging 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 CBCT Dental Imaging 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.
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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
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Players operating in the market are Dentsply Sirona, Carestream Dental LLC, Planmeca Group, Danaher Corporation, Vatech Co. Ltd., Curve Beam LLC, Asahi RoEntgen Ind. Co. Ltd., J. Morita Mfg. Corp., Cefla S.C., and Prexion Corporation
North America region dominated the CBCT Dental Imaging market in 2023.
The CBCT Dental Imaging Market is estimated to witness a CAGR of 9.8% from 2023 to 2031
Tele-dentistry and Remote Consultations act as a opportunity for growth of the market in forecast period.
The major factors driving the CBCT Dental Imaging market are:
1. Advancements in Imaging Technology
2.Rising Demand for Accurate Diagnostics
Flat Panel Detector segment, by detector type, dominated the market in 2023.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 CBCT Dental Imaging Market - By Detector Type
1.3.2 CBCT Dental Imaging Market - By Application
1.3.3 CBCT Dental Imaging Market - By End User
1.3.4 CBCT Dental Imaging Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CBCT DENTAL IMAGING 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. EXPERT OPINIONS
5. CBCT DENTAL IMAGING 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. CBCT DENTAL IMAGING MARKET - GLOBAL MARKET ANALYSIS
6.1. CBCT DENTAL IMAGING - GLOBAL MARKET OVERVIEW
6.2. CBCT DENTAL IMAGING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CBCT DENTAL IMAGING MARKET - REVENUE AND FORECASTS TO 2028 - DETECTOR TYPE
7.1. OVERVIEW
7.2. DETECTOR TYPE MARKET FORECASTS AND ANALYSIS
7.3. IMAGE INTENSIFIER DETECTOR
7.3.1. Overview
7.3.2. Image Intensifier Detector Market Forecast and Analysis
7.4. FLAT PANEL DETECTOR
7.4.1. Overview
7.4.2. Flat Panel Detector Market Forecast and Analysis
8. CBCT DENTAL IMAGING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. IMPLANTOLOGY
8.3.1. Overview
8.3.2. Implantology Market Forecast and Analysis
8.4. ORAL AND MAXILLOFACIAL SURGERY
8.4.1. Overview
8.4.2. Oral and Maxillofacial Surgery Market Forecast and Analysis
8.5. GENERAL DENTISTRY
8.5.1. Overview
8.5.2. General Dentistry Market Forecast and Analysis
8.6. ORTHODONTICS
8.6.1. Overview
8.6.2. Orthodontics Market Forecast and Analysis
8.7. ENDODONTICS
8.7.1. Overview
8.7.2. Endodontics Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. CBCT DENTAL IMAGING MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. DENTAL HOSPITALS AND DENTAL CLINICS
9.3.1. Overview
9.3.2. Dental Hospitals and Dental Clinics Market Forecast and Analysis
9.4 ACADEMIC AND RESEARCH INSTITUTES
9.4.1. Overview
9.4.2. Academic and Research Institutes Market Forecast and Analysis
10. CBCT DENTAL IMAGING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America CBCT Dental Imaging Market Overview
10.1.2 North America CBCT Dental Imaging Market Forecasts and Analysis
10.1.3 North America CBCT Dental Imaging Market Forecasts and Analysis - By Detector Type
10.1.4 North America CBCT Dental Imaging Market Forecasts and Analysis - By Application
10.1.5 North America CBCT Dental Imaging Market Forecasts and Analysis - By End User
10.1.6 North America CBCT Dental Imaging Market Forecasts and Analysis - By Countries
10.1.6.1 United States CBCT Dental Imaging Market
10.1.6.1.1 United States CBCT Dental Imaging Market by Detector Type
10.1.6.1.2 United States CBCT Dental Imaging Market by Application
10.1.6.1.3 United States CBCT Dental Imaging Market by End User
10.1.6.2 Canada CBCT Dental Imaging Market
10.1.6.2.1 Canada CBCT Dental Imaging Market by Detector Type
10.1.6.2.2 Canada CBCT Dental Imaging Market by Application
10.1.6.2.3 Canada CBCT Dental Imaging Market by End User
10.1.6.3 Mexico CBCT Dental Imaging Market
10.1.6.3.1 Mexico CBCT Dental Imaging Market by Detector Type
10.1.6.3.2 Mexico CBCT Dental Imaging Market by Application
10.1.6.3.3 Mexico CBCT Dental Imaging Market by End User
10.2. EUROPE
10.2.1 Europe CBCT Dental Imaging Market Overview
10.2.2 Europe CBCT Dental Imaging Market Forecasts and Analysis
10.2.3 Europe CBCT Dental Imaging Market Forecasts and Analysis - By Detector Type
10.2.4 Europe CBCT Dental Imaging Market Forecasts and Analysis - By Application
10.2.5 Europe CBCT Dental Imaging Market Forecasts and Analysis - By End User
10.2.6 Europe CBCT Dental Imaging Market Forecasts and Analysis - By Countries
10.2.6.1 Germany CBCT Dental Imaging Market
10.2.6.1.1 Germany CBCT Dental Imaging Market by Detector Type
10.2.6.1.2 Germany CBCT Dental Imaging Market by Application
10.2.6.1.3 Germany CBCT Dental Imaging Market by End User
10.2.6.2 France CBCT Dental Imaging Market
10.2.6.2.1 France CBCT Dental Imaging Market by Detector Type
10.2.6.2.2 France CBCT Dental Imaging Market by Application
10.2.6.2.3 France CBCT Dental Imaging Market by End User
10.2.6.3 Italy CBCT Dental Imaging Market
10.2.6.3.1 Italy CBCT Dental Imaging Market by Detector Type
10.2.6.3.2 Italy CBCT Dental Imaging Market by Application
10.2.6.3.3 Italy CBCT Dental Imaging Market by End User
10.2.6.4 Spain CBCT Dental Imaging Market
10.2.6.4.1 Spain CBCT Dental Imaging Market by Detector Type
10.2.6.4.2 Spain CBCT Dental Imaging Market by Application
10.2.6.4.3 Spain CBCT Dental Imaging Market by End User
10.2.6.5 United Kingdom CBCT Dental Imaging Market
10.2.6.5.1 United Kingdom CBCT Dental Imaging Market by Detector Type
10.2.6.5.2 United Kingdom CBCT Dental Imaging Market by Application
10.2.6.5.3 United Kingdom CBCT Dental Imaging Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific CBCT Dental Imaging Market Overview
10.3.2 Asia-Pacific CBCT Dental Imaging Market Forecasts and Analysis
10.3.3 Asia-Pacific CBCT Dental Imaging Market Forecasts and Analysis - By Detector Type
10.3.4 Asia-Pacific CBCT Dental Imaging Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific CBCT Dental Imaging Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific CBCT Dental Imaging Market Forecasts and Analysis - By Countries
10.3.6.1 Australia CBCT Dental Imaging Market
10.3.6.1.1 Australia CBCT Dental Imaging Market by Detector Type
10.3.6.1.2 Australia CBCT Dental Imaging Market by Application
10.3.6.1.3 Australia CBCT Dental Imaging Market by End User
10.3.6.2 China CBCT Dental Imaging Market
10.3.6.2.1 China CBCT Dental Imaging Market by Detector Type
10.3.6.2.2 China CBCT Dental Imaging Market by Application
10.3.6.2.3 China CBCT Dental Imaging Market by End User
10.3.6.3 India CBCT Dental Imaging Market
10.3.6.3.1 India CBCT Dental Imaging Market by Detector Type
10.3.6.3.2 India CBCT Dental Imaging Market by Application
10.3.6.3.3 India CBCT Dental Imaging Market by End User
10.3.6.4 Japan CBCT Dental Imaging Market
10.3.6.4.1 Japan CBCT Dental Imaging Market by Detector Type
10.3.6.4.2 Japan CBCT Dental Imaging Market by Application
10.3.6.4.3 Japan CBCT Dental Imaging Market by End User
10.3.6.5 South Korea CBCT Dental Imaging Market
10.3.6.5.1 South Korea CBCT Dental Imaging Market by Detector Type
10.3.6.5.2 South Korea CBCT Dental Imaging Market by Application
10.3.6.5.3 South Korea CBCT Dental Imaging Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa CBCT Dental Imaging Market Overview
10.4.2 Middle East and Africa CBCT Dental Imaging Market Forecasts and Analysis
10.4.3 Middle East and Africa CBCT Dental Imaging Market Forecasts and Analysis - By Detector Type
10.4.4 Middle East and Africa CBCT Dental Imaging Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa CBCT Dental Imaging Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa CBCT Dental Imaging Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa CBCT Dental Imaging Market
10.4.6.1.1 South Africa CBCT Dental Imaging Market by Detector Type
10.4.6.1.2 South Africa CBCT Dental Imaging Market by Application
10.4.6.1.3 South Africa CBCT Dental Imaging Market by End User
10.4.6.2 Saudi Arabia CBCT Dental Imaging Market
10.4.6.2.1 Saudi Arabia CBCT Dental Imaging Market by Detector Type
10.4.6.2.2 Saudi Arabia CBCT Dental Imaging Market by Application
10.4.6.2.3 Saudi Arabia CBCT Dental Imaging Market by End User
10.4.6.3 U.A.E CBCT Dental Imaging Market
10.4.6.3.1 U.A.E CBCT Dental Imaging Market by Detector Type
10.4.6.3.2 U.A.E CBCT Dental Imaging Market by Application
10.4.6.3.3 U.A.E CBCT Dental Imaging Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America CBCT Dental Imaging Market Overview
10.5.2 South and Central America CBCT Dental Imaging Market Forecasts and Analysis
10.5.3 South and Central America CBCT Dental Imaging Market Forecasts and Analysis - By Detector Type
10.5.4 South and Central America CBCT Dental Imaging Market Forecasts and Analysis - By Application
10.5.5 South and Central America CBCT Dental Imaging Market Forecasts and Analysis - By End User
10.5.6 South and Central America CBCT Dental Imaging Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil CBCT Dental Imaging Market
10.5.6.1.1 Brazil CBCT Dental Imaging Market by Detector Type
10.5.6.1.2 Brazil CBCT Dental Imaging Market by Application
10.5.6.1.3 Brazil CBCT Dental Imaging Market by End User
10.5.6.2 Argentina CBCT Dental Imaging Market
10.5.6.2.1 Argentina CBCT Dental Imaging Market by Detector Type
10.5.6.2.2 Argentina CBCT Dental Imaging Market by Application
10.5.6.2.3 Argentina CBCT Dental Imaging Market by End User
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. CBCT DENTAL IMAGING MARKET, KEY COMPANY PROFILES
12.1. DENTSPLY SIRONA
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. CARESTREAM DENTAL, LLC.
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. PLANMECA GROUP
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. DANAHER CORPORATION
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. VATECH CO., LTD.
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. CURVE BEAM LLC
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. ASAHI ROENTGEN IND. CO., LTD.
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. J. MORITA MFG. CORP.
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. CEFLA S.C.
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. PREXION CORPORATION
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. Dentsply Sirona2. Carestream Dental, LLC.3. Planmeca Group4. Danaher Corporation5. Vatech Co., Ltd.6. Curve Beam LLC7. Asahi RoEntgen Ind. Co., Ltd.8. J. Morita Mfg. Corp.9. Cefla S.C.10. Prexion Corporation
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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