Dental Imaging Equipment Market Trends and Forecast (2021-2031)
The Dental Imaging Equipment Market is expected to register a CAGR of 8.6% 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 Product Type (Intraoral X-ray Systems, Intraoral Plate Scanner, Intraoral Sensors, Intraoral Phosphor Storage Plates, Extra oral X-ray Systems, Others). The report further presents analysis based on Application (Oral and Maxillofacial Surgery, Implantology). Futher, it is segmented based on End User (Hospital, Ambulatory Surgical Centers, Dental Clinics, Others). 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 Dental Imaging Equipment 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.
Dental Imaging Equipment Market Segmentation
Product Type- Intraoral X-ray Systems
- Intraoral Plate Scanner
- Intraoral Sensors
- Intraoral Phosphor Storage Plates
- Extra oral X-ray Systems
- Others
- Oral and Maxillofacial Surgery
- Implantology
- Hospital
- Ambulatory Surgical Centers
- Dental Clinics
- Others
Strategic Insights
Dental Imaging Equipment Market Growth Drivers- Advances in Technology: Advancements in technology propel the market for dental imaging equipment highly. These include artificial intelligence and highly enhanced imaging techniques. They appear more accurate in diagnosis and more precise in treating patients. For this reason, their usage increases among dental practitioners who will effectively treat patients.
- Rising Awareness of Oral Health: Increased awareness of oral health has long been fueling the need for diagnostic equipment for dental imaging. There is an increasing demand for preventive care and early detection of dental issues. For that reason, patients are seeking comprehensive assessments through advanced imaging solutions that also provide better treatment outcomes for their dental experts.
- Expanding Dental Tourism: This practice of "dental tourism," where patients travel to and from foreign countries for their treatment, is shifting the entire dental imaging equipment market. Competitive pricing for top-quality care has countries positioning themselves using modern imaging technologies, making sure that international patients receive proper diagnostics and the treatment they need in a globalized healthcare system.
- Enhanced AI Integration: Integrating AI in dental imaging will be the next game changer in diagnostics. By using artificial intelligence, images are scanned for abnormalities, thus streamlining workflows and making them highly accurate. Such a trend would not only enhance the outcome of the patient. Still, it would also support dental professionals themselves due to significant time savings from the process of interpreting and diagnosing images.
- Portable Imaging Solutions are Now Being Developed: Portable dental imaging technologies are currently underway in development, and this encourages dental practitioners to hold practice exams in various locations. The compact solutions make it convenient and accessible as the locations can be from remote and underserved to urban and developed areas. With increased portability, the services offered by dentists can become more convenient, provide a better experience for patients, and expand market offerings.
- Sustainable Imaging Technologies: The dental imaging market is coming ever so much into the fold of sustainability. Environment-friendly product materials and energy-efficient designs help to preserve the planet. Such an orientation in design fits the global sustainability agenda and appeals more to the environmentally conscious customer and the dental practice, which would look for responsible health solutions.
- Tele-dentistry Growth Opportunities: The tele-dentistry boom opens vast opportunities for dental imaging devices. More and more remote consultations are now becoming regular, and there is an increased demand for portable imaging solutions that can be easily interfaced with virtual platforms. This facilitates dental professionals to provide accurate diagnostic results and propose appropriate treatments even to the most geographically isolated patients.
- Government Initiatives and Funding: Government initiatives and funding for improvement in dental care augment the growth of the dental imaging equipment market. Most countries are developing programs to improve dental services, particularly in underserved areas. This will result in increased investment in advanced imaging technologies that support better diagnostics, accessibility, and overall quality of care.
- Partnerships with Dental Schools: Today, there can be partnerships seen among the manufacturers of imaging equipment and dental schools. Giving such high-tech knowledge for educational purposes would assure brand loyalty from future dentists toward the companies. Such collaborations in education will enhance training and promote the adoption of advanced imaging technologies after graduation into their clinical practice.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Dental Imaging Equipment 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 Dental Imaging Equipment 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.
REGIONAL FRAMEWORK
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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
Planmeca, Dentsply Sirona, and Envista are some of the major players operating in the market.
The intraoral x-ray systems segment accounts for the highest revenue in product type segment of the market in 2023.
Asia Pacific region accounted for the highest CAGR in the dental imaging equipment market.
North America region dominated the dental imaging equipment market in 2023.
The major factors driving the dental imaging equipment market are:
1. Advances in Technology.
2. Rising Awareness of Oral Health.
3. Expanding Dental Tourism.
The Dental Imaging Equipment Market is estimated to witness a CAGR of 8.6% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Dental Imaging Equipment Market - By Product Type
1.3.2 Dental Imaging Equipment Market - By Application
1.3.3 Dental Imaging Equipment Market - By End-User
1.3.4 Dental Imaging Equipment Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DENTAL IMAGING EQUIPMENT 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. DENTAL IMAGING EQUIPMENT 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 AND RESTRAINTS
6. DENTAL IMAGING EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. DENTAL IMAGING EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. DENTAL IMAGING EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. DENTAL IMAGING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. INTRAORAL X-RAY SYSTEMS
7.3.1. Overview
7.3.2. Intraoral X-ray Systems Market Forecast and Analysis
7.3.3. Wall/Floor Mounted Intraoral X-ray Systems Market
7.3.3.1. Overview
7.3.3.2. Wall/Floor Mounted Intraoral X-ray Systems Market Forecast and Analysis
7.3.4. Hand-Held Intraoral X-ray Systems Market
7.3.4.1. Overview
7.3.4.2. Hand-Held Intraoral X-ray Systems Market Forecast and Analysis
7.4. INTRAORAL PLATE SCANNER
7.4.1. Overview
7.4.2. Intraoral Plate Scanner Market Forecast and Analysis
7.5. INTRAORAL SENSORS
7.5.1. Overview
7.5.2. Intraoral Sensors Market Forecast and Analysis
7.6. INTRAORAL PHOSPHOR STORAGE PLATES
7.6.1. Overview
7.6.2. Intraoral Phosphor Storage Plates Market Forecast and Analysis
7.7. EXTRA ORAL X-RAY SYSTEMS
7.7.1. Overview
7.7.2. Extra oral X-ray Systems Market Forecast and Analysis
7.7.3. Panoramic X-rays Systems Market
7.7.3.1. Overview
7.7.3.2. Panoramic X-rays Systems Market Forecast and Analysis
7.7.4. Cephalometric Projections Systems Market
7.7.4.1. Overview
7.7.4.2. Cephalometric Projections Systems Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. DENTAL IMAGING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ORAL AND MAXILLOFACIAL SURGERY
8.3.1. Overview
8.3.2. Oral and Maxillofacial Surgery Market Forecast and Analysis
8.4. IMPLANTOLOGY
8.4.1. Overview
8.4.2. Implantology Market Forecast and Analysis
9. DENTAL IMAGING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITAL INDEPENDENT
9.3.1. Overview
9.3.2. Hospital Independent Market Forecast and Analysis
9.4. AMBULATORY SURGICAL CENTERS
9.4.1. Overview
9.4.2. Ambulatory Surgical Centers Market Forecast and Analysis
9.5. DENTAL CLINICS
9.5.1. Overview
9.5.2. Dental Clinics Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. DENTAL IMAGING EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Dental Imaging Equipment Market Overview
10.1.2 North America Dental Imaging Equipment Market Forecasts and Analysis
10.1.3 North America Dental Imaging Equipment Market Forecasts and Analysis - By Product Type
10.1.4 North America Dental Imaging Equipment Market Forecasts and Analysis - By Application
10.1.5 North America Dental Imaging Equipment Market Forecasts and Analysis - By End-User
10.1.6 North America Dental Imaging Equipment Market Forecasts and Analysis - By Countries
10.1.6.1 United States Dental Imaging Equipment Market
10.1.6.1.1 United States Dental Imaging Equipment Market by Product Type
10.1.6.1.2 United States Dental Imaging Equipment Market by Application
10.1.6.1.3 United States Dental Imaging Equipment Market by End-User
10.1.6.2 Canada Dental Imaging Equipment Market
10.1.6.2.1 Canada Dental Imaging Equipment Market by Product Type
10.1.6.2.2 Canada Dental Imaging Equipment Market by Application
10.1.6.2.3 Canada Dental Imaging Equipment Market by End-User
10.1.6.3 Mexico Dental Imaging Equipment Market
10.1.6.3.1 Mexico Dental Imaging Equipment Market by Product Type
10.1.6.3.2 Mexico Dental Imaging Equipment Market by Application
10.1.6.3.3 Mexico Dental Imaging Equipment Market by End-User
10.2. EUROPE
10.2.1 Europe Dental Imaging Equipment Market Overview
10.2.2 Europe Dental Imaging Equipment Market Forecasts and Analysis
10.2.3 Europe Dental Imaging Equipment Market Forecasts and Analysis - By Product Type
10.2.4 Europe Dental Imaging Equipment Market Forecasts and Analysis - By Application
10.2.5 Europe Dental Imaging Equipment Market Forecasts and Analysis - By End-User
10.2.6 Europe Dental Imaging Equipment Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Dental Imaging Equipment Market
10.2.6.1.1 Germany Dental Imaging Equipment Market by Product Type
10.2.6.1.2 Germany Dental Imaging Equipment Market by Application
10.2.6.1.3 Germany Dental Imaging Equipment Market by End-User
10.2.6.2 France Dental Imaging Equipment Market
10.2.6.2.1 France Dental Imaging Equipment Market by Product Type
10.2.6.2.2 France Dental Imaging Equipment Market by Application
10.2.6.2.3 France Dental Imaging Equipment Market by End-User
10.2.6.3 Italy Dental Imaging Equipment Market
10.2.6.3.1 Italy Dental Imaging Equipment Market by Product Type
10.2.6.3.2 Italy Dental Imaging Equipment Market by Application
10.2.6.3.3 Italy Dental Imaging Equipment Market by End-User
10.2.6.4 Spain Dental Imaging Equipment Market
10.2.6.4.1 Spain Dental Imaging Equipment Market by Product Type
10.2.6.4.2 Spain Dental Imaging Equipment Market by Application
10.2.6.4.3 Spain Dental Imaging Equipment Market by End-User
10.2.6.5 United Kingdom Dental Imaging Equipment Market
10.2.6.5.1 United Kingdom Dental Imaging Equipment Market by Product Type
10.2.6.5.2 United Kingdom Dental Imaging Equipment Market by Application
10.2.6.5.3 United Kingdom Dental Imaging Equipment Market by End-User
10.2.6.6 Rest of Europe Dental Imaging Equipment Market
10.2.6.6.1 Rest of Europe Dental Imaging Equipment Market by Product Type
10.2.6.6.2 Rest of Europe Dental Imaging Equipment Market by Application
10.2.6.6.3 Rest of Europe Dental Imaging Equipment Market by End-User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Dental Imaging Equipment Market Overview
10.3.2 Asia-Pacific Dental Imaging Equipment Market Forecasts and Analysis
10.3.3 Asia-Pacific Dental Imaging Equipment Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Dental Imaging Equipment Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Dental Imaging Equipment Market Forecasts and Analysis - By End-User
10.3.6 Asia-Pacific Dental Imaging Equipment Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Dental Imaging Equipment Market
10.3.6.1.1 Australia Dental Imaging Equipment Market by Product Type
10.3.6.1.2 Australia Dental Imaging Equipment Market by Application
10.3.6.1.3 Australia Dental Imaging Equipment Market by End-User
10.3.6.2 China Dental Imaging Equipment Market
10.3.6.2.1 China Dental Imaging Equipment Market by Product Type
10.3.6.2.2 China Dental Imaging Equipment Market by Application
10.3.6.2.3 China Dental Imaging Equipment Market by End-User
10.3.6.3 India Dental Imaging Equipment Market
10.3.6.3.1 India Dental Imaging Equipment Market by Product Type
10.3.6.3.2 India Dental Imaging Equipment Market by Application
10.3.6.3.3 India Dental Imaging Equipment Market by End-User
10.3.6.4 Japan Dental Imaging Equipment Market
10.3.6.4.1 Japan Dental Imaging Equipment Market by Product Type
10.3.6.4.2 Japan Dental Imaging Equipment Market by Application
10.3.6.4.3 Japan Dental Imaging Equipment Market by End-User
10.3.6.5 South Korea Dental Imaging Equipment Market
10.3.6.5.1 South Korea Dental Imaging Equipment Market by Product Type
10.3.6.5.2 South Korea Dental Imaging Equipment Market by Application
10.3.6.5.3 South Korea Dental Imaging Equipment Market by End-User
10.3.6.6 Rest of Asia-Pacific Dental Imaging Equipment Market
10.3.6.6.1 Rest of Asia-Pacific Dental Imaging Equipment Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Dental Imaging Equipment Market by Application
10.3.6.6.3 Rest of Asia-Pacific Dental Imaging Equipment Market by End-User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Dental Imaging Equipment Market Overview
10.4.2 Middle East and Africa Dental Imaging Equipment Market Forecasts and Analysis
10.4.3 Middle East and Africa Dental Imaging Equipment Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Dental Imaging Equipment Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Dental Imaging Equipment Market Forecasts and Analysis - By End-User
10.4.6 Middle East and Africa Dental Imaging Equipment Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Dental Imaging Equipment Market
10.4.6.1.1 South Africa Dental Imaging Equipment Market by Product Type
10.4.6.1.2 South Africa Dental Imaging Equipment Market by Application
10.4.6.1.3 South Africa Dental Imaging Equipment Market by End-User
10.4.6.2 Saudi Arabia Dental Imaging Equipment Market
10.4.6.2.1 Saudi Arabia Dental Imaging Equipment Market by Product Type
10.4.6.2.2 Saudi Arabia Dental Imaging Equipment Market by Application
10.4.6.2.3 Saudi Arabia Dental Imaging Equipment Market by End-User
10.4.6.3 U.A.E Dental Imaging Equipment Market
10.4.6.3.1 U.A.E Dental Imaging Equipment Market by Product Type
10.4.6.3.2 U.A.E Dental Imaging Equipment Market by Application
10.4.6.3.3 U.A.E Dental Imaging Equipment Market by End-User
10.4.6.4 Rest of Middle East and Africa Dental Imaging Equipment Market
10.4.6.4.1 Rest of Middle East and Africa Dental Imaging Equipment Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Dental Imaging Equipment Market by Application
10.4.6.4.3 Rest of Middle East and Africa Dental Imaging Equipment Market by End-User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Dental Imaging Equipment Market Overview
10.5.2 South and Central America Dental Imaging Equipment Market Forecasts and Analysis
10.5.3 South and Central America Dental Imaging Equipment Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Dental Imaging Equipment Market Forecasts and Analysis - By Application
10.5.5 South and Central America Dental Imaging Equipment Market Forecasts and Analysis - By End-User
10.5.6 South and Central America Dental Imaging Equipment Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Dental Imaging Equipment Market
10.5.6.1.1 Brazil Dental Imaging Equipment Market by Product Type
10.5.6.1.2 Brazil Dental Imaging Equipment Market by Application
10.5.6.1.3 Brazil Dental Imaging Equipment Market by End-User
10.5.6.2 Argentina Dental Imaging Equipment Market
10.5.6.2.1 Argentina Dental Imaging Equipment Market by Product Type
10.5.6.2.2 Argentina Dental Imaging Equipment Market by Application
10.5.6.2.3 Argentina Dental Imaging Equipment Market by End-User
10.5.6.3 Rest of South and Central America Dental Imaging Equipment Market
10.5.6.3.1 Rest of South and Central America Dental Imaging Equipment Market by Product Type
10.5.6.3.2 Rest of South and Central America Dental Imaging Equipment Market by Application
10.5.6.3.3 Rest of South and Central America Dental Imaging Equipment Market by End-User
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL DENTAL IMAGING EQUIPMENT MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
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. DENTAL IMAGING EQUIPMENT MARKET, KEY COMPANY PROFILES
13.1. PLANMECA OY
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. ALIGN TECHNOLOGY, INC
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. DENTSPLY SIRONA
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. VATECH CO. LTD.
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. ACTEON GROUP
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. KAVO
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. CALCIVIS
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. ENVISTA
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. CARESTREAM DENTAL
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. ACTEON GROUP
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. Planmeca Oy
2. Align Technology, Inc
3. Dentsply Sirona
4. Vatech Co. Ltd.
5. Acteon Group
6. Kavo
7. Calcivis
8. Envista
9. Carestream Dental
10. Acteon Group
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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