The Explosion Proof Mobile Communication Devices Market is expected to register a CAGR of 6.2% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented By Product (Smartphones and Cellphones, Two way Radios, Handheld Computers, Headsets, Tablets, Others), Industry (Oil and Gas, Mining, Manufacturing and Processing, Chemical and Pharmaceutical, Defense, 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 Explosion Proof Mobile Communication Devices 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.
Explosion Proof Mobile Communication Devices Market Segmentation
Industry- Oil and Gas
- Mining
- Manufacturing and Processing
- Chemical and Pharmaceutical
- Defense
- Others
- Oil and Gas
- Mining
- Manufacturing and Processing
- Chemical and Pharmaceutical
- Defense
- Others
Strategic Insights
Explosion Proof Mobile Communication Devices Market Growth Drivers- Stringent Safety Regulations:The need for explosion-proof communication devices is driven by the growing enforcement of stringent workplace safety rules in risky industries such as mining, oil and gas, and chemical processing. In order to prevent potential ignition sources in explosive atmospheres, organizations must adhere to regulations such as ATEX and IECEx, which require approved equipment.
- Growth in Hazardous Industries:The need for explosion-proof communication solutions is fueled by the rapidly growing mining, chemical manufacturing, and oil and gas exploration industries in emerging economies. The need for mobile devices that are inherently safe increases in tandem with these businesses' investments in new facilities and modernization of their current ones.
- Smart Wearables Integration:One significant trend that is starting to emerge is the incorporation of explosion-proof technologies into smart wearables. In order to facilitate hands-free operation and enhanced worker safety monitoring, companies are creating intrinsically safe smartwatches, helmets, and other wearable technology that integrate communication capabilities with personal protection equipment.
- Durability and Enhanced Ruggedization: The trend toward more rugged, durable explosion-proof mobile communication devices is shaping the market. Manufacturers are focusing on enhancing the physical resilience of devices to withstand extreme temperatures, shocks, vibrations, and exposure to dust, water, and chemicals. These devices are increasingly designed to meet the highest standards of protection (e.g., IP68, MIL-STD-810G) while maintaining explosion-proof certifications. As industrial environments become more demanding, the need for mobile devices that can perform reliably under harsh conditions, including exposure to hazardous materials and extreme weather, is driving innovation in the market.
- IoT Integration:There are many prospects for worker safety tracking, predictive maintenance, and real-time monitoring when IoT capabilities are integrated into mobile devices that are explosion-proof. In dangerous situations, smart features can facilitate improved communication between workers and control rooms as well as automated emergency reactions.
- Advancements in Wireless Technologies: The increasing adoption of wireless communication technologies like 4G, 5G, and Wi-Fi 6 in industrial settings provides an opportunity for the explosion-proof mobile communication devices market. With the expansion of high-speed mobile networks, the demand for explosion-proof mobile devices capable of supporting these advanced wireless technologies is growing. This allows workers in hazardous areas to have access to real-time information, improve coordination, and enhance productivity. Manufacturers can capitalize on this trend by developing explosion-proof devices that support the latest wireless standards while maintaining safety and reliability in explosive environments.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Explosion Proof Mobile Communication Devices 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 Explosion Proof Mobile Communication Devices 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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- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Smart wearables integration to play a significant role in the global explosion proof mobile communication devices market in the coming years
Stringent safety regulations and growth in hazardous industries growth are the major factors driving the explosion proof mobile communication devices market
The Explosion Proof Mobile Communication Devices Market is estimated to witness a CAGR of 6.2% from 2023 to 2031
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Explosion Proof Mobile Communication Devices Market - By Product
1.3.2Explosion Proof Mobile Communication Devices Market - By Industry
1.3.3Explosion Proof Mobile Communication Devices Market - By Region
1.3.3.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.EXPLOSION PROOF MOBILE COMMUNICATION DEVICES 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.EXPLOSION PROOF MOBILE COMMUNICATION DEVICES 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.EXPLOSION PROOF MOBILE COMMUNICATION DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1.EXPLOSION PROOF MOBILE COMMUNICATION DEVICES - GLOBAL MARKET OVERVIEW
6.2.EXPLOSION PROOF MOBILE COMMUNICATION DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.EXPLOSION PROOF MOBILE COMMUNICATION DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1.OVERVIEW
7.2.PRODUCT MARKET FORECASTS AND ANALYSIS
7.3.SMARTPHONES AND CELLPHONES
7.3.1.Overview
7.3.2.Smartphones and Cellphones Market Forecast and Analysis
7.4.TWO WAY RADIOS
7.4.1.Overview
7.4.2.Two way Radios Market Forecast and Analysis
7.5.HANDHELD COMPUTERS
7.5.1.Overview
7.5.2.Handheld Computers Market Forecast and Analysis
7.6.HEADSETS
7.6.1.Overview
7.6.2.Headsets Market Forecast and Analysis
7.7.TABLETS
7.7.1.Overview
7.7.2.Tablets Market Forecast and Analysis
7.8.OTHERS
7.8.1.Overview
7.8.2.Others Market Forecast and Analysis
8.EXPLOSION PROOF MOBILE COMMUNICATION DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY
8.1.OVERVIEW
8.2.INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3.OIL AND GAS
8.3.1.Overview
8.3.2.Oil and Gas Market Forecast and Analysis
8.4.MINING
8.4.1.Overview
8.4.2.Mining Market Forecast and Analysis
8.5.MANUFACTURING AND PROCESSING
8.5.1.Overview
8.5.2.Manufacturing and Processing Market Forecast and Analysis
8.6.CHEMICAL AND PHARMACEUTICAL
8.6.1.Overview
8.6.2.Chemical and Pharmaceutical Market Forecast and Analysis
8.7.DEFENSE
8.7.1.Overview
8.7.2.Defense Market Forecast and Analysis
8.8.OTHERS
8.8.1.Overview
8.8.2.Others Market Forecast and Analysis
9.EXPLOSION PROOF MOBILE COMMUNICATION DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Explosion Proof Mobile Communication Devices Market Overview
9.1.2North America Explosion Proof Mobile Communication Devices Market Forecasts and Analysis
9.1.3North America Explosion Proof Mobile Communication Devices Market Forecasts and Analysis - By Product
9.1.4North America Explosion Proof Mobile Communication Devices Market Forecasts and Analysis - By Industry
9.1.5North America Explosion Proof Mobile Communication Devices Market Forecasts and Analysis - By Countries
9.1.5.1United States Explosion Proof Mobile Communication Devices Market
9.1.5.1.1United States Explosion Proof Mobile Communication Devices Market by Product
9.1.5.1.2United States Explosion Proof Mobile Communication Devices Market by Industry
9.1.5.2Canada Explosion Proof Mobile Communication Devices Market
9.1.5.2.1Canada Explosion Proof Mobile Communication Devices Market by Product
9.1.5.2.2Canada Explosion Proof Mobile Communication Devices Market by Industry
9.1.5.3Mexico Explosion Proof Mobile Communication Devices Market
9.1.5.3.1Mexico Explosion Proof Mobile Communication Devices Market by Product
9.1.5.3.2Mexico Explosion Proof Mobile Communication Devices Market by Industry
9.2.EUROPE
9.2.1Europe Explosion Proof Mobile Communication Devices Market Overview
9.2.2Europe Explosion Proof Mobile Communication Devices Market Forecasts and Analysis
9.2.3Europe Explosion Proof Mobile Communication Devices Market Forecasts and Analysis - By Product
9.2.4Europe Explosion Proof Mobile Communication Devices Market Forecasts and Analysis - By Industry
9.2.5Europe Explosion Proof Mobile Communication Devices Market Forecasts and Analysis - By Countries
9.2.5.1Germany Explosion Proof Mobile Communication Devices Market
9.2.5.1.1Germany Explosion Proof Mobile Communication Devices Market by Product
9.2.5.1.2Germany Explosion Proof Mobile Communication Devices Market by Industry
9.2.5.2France Explosion Proof Mobile Communication Devices Market
9.2.5.2.1France Explosion Proof Mobile Communication Devices Market by Product
9.2.5.2.2France Explosion Proof Mobile Communication Devices Market by Industry
9.2.5.3Italy Explosion Proof Mobile Communication Devices Market
9.2.5.3.1Italy Explosion Proof Mobile Communication Devices Market by Product
9.2.5.3.2Italy Explosion Proof Mobile Communication Devices Market by Industry
9.2.5.4United Kingdom Explosion Proof Mobile Communication Devices Market
9.2.5.4.1United Kingdom Explosion Proof Mobile Communication Devices Market by Product
9.2.5.4.2United Kingdom Explosion Proof Mobile Communication Devices Market by Industry
9.2.5.5Russia Explosion Proof Mobile Communication Devices Market
9.2.5.5.1Russia Explosion Proof Mobile Communication Devices Market by Product
9.2.5.5.2Russia Explosion Proof Mobile Communication Devices Market by Industry
9.2.5.6Rest of Europe Explosion Proof Mobile Communication Devices Market
9.2.5.6.1Rest of Europe Explosion Proof Mobile Communication Devices Market by Product
9.2.5.6.2Rest of Europe Explosion Proof Mobile Communication Devices Market by Industry
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Explosion Proof Mobile Communication Devices Market Overview
9.3.2Asia-Pacific Explosion Proof Mobile Communication Devices Market Forecasts and Analysis
9.3.3Asia-Pacific Explosion Proof Mobile Communication Devices Market Forecasts and Analysis - By Product
9.3.4Asia-Pacific Explosion Proof Mobile Communication Devices Market Forecasts and Analysis - By Industry
9.3.5Asia-Pacific Explosion Proof Mobile Communication Devices Market Forecasts and Analysis - By Countries
9.3.5.1Australia Explosion Proof Mobile Communication Devices Market
9.3.5.1.1Australia Explosion Proof Mobile Communication Devices Market by Product
9.3.5.1.2Australia Explosion Proof Mobile Communication Devices Market by Industry
9.3.5.2China Explosion Proof Mobile Communication Devices Market
9.3.5.2.1China Explosion Proof Mobile Communication Devices Market by Product
9.3.5.2.2China Explosion Proof Mobile Communication Devices Market by Industry
9.3.5.3India Explosion Proof Mobile Communication Devices Market
9.3.5.3.1India Explosion Proof Mobile Communication Devices Market by Product
9.3.5.3.2India Explosion Proof Mobile Communication Devices Market by Industry
9.3.5.4Japan Explosion Proof Mobile Communication Devices Market
9.3.5.4.1Japan Explosion Proof Mobile Communication Devices Market by Product
9.3.5.4.2Japan Explosion Proof Mobile Communication Devices Market by Industry
9.3.5.5South Korea Explosion Proof Mobile Communication Devices Market
9.3.5.5.1South Korea Explosion Proof Mobile Communication Devices Market by Product
9.3.5.5.2South Korea Explosion Proof Mobile Communication Devices Market by Industry
9.3.5.6Rest of Asia-Pacific Explosion Proof Mobile Communication Devices Market
9.3.5.6.1Rest of Asia-Pacific Explosion Proof Mobile Communication Devices Market by Product
9.3.5.6.2Rest of Asia-Pacific Explosion Proof Mobile Communication Devices Market by Industry
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Explosion Proof Mobile Communication Devices Market Overview
9.4.2Middle East and Africa Explosion Proof Mobile Communication Devices Market Forecasts and Analysis
9.4.3Middle East and Africa Explosion Proof Mobile Communication Devices Market Forecasts and Analysis - By Product
9.4.4Middle East and Africa Explosion Proof Mobile Communication Devices Market Forecasts and Analysis - By Industry
9.4.5Middle East and Africa Explosion Proof Mobile Communication Devices Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Explosion Proof Mobile Communication Devices Market
9.4.5.1.1South Africa Explosion Proof Mobile Communication Devices Market by Product
9.4.5.1.2South Africa Explosion Proof Mobile Communication Devices Market by Industry
9.4.5.2Saudi Arabia Explosion Proof Mobile Communication Devices Market
9.4.5.2.1Saudi Arabia Explosion Proof Mobile Communication Devices Market by Product
9.4.5.2.2Saudi Arabia Explosion Proof Mobile Communication Devices Market by Industry
9.4.5.3U.A.E Explosion Proof Mobile Communication Devices Market
9.4.5.3.1U.A.E Explosion Proof Mobile Communication Devices Market by Product
9.4.5.3.2U.A.E Explosion Proof Mobile Communication Devices Market by Industry
9.4.5.4Rest of Middle East and Africa Explosion Proof Mobile Communication Devices Market
9.4.5.4.1Rest of Middle East and Africa Explosion Proof Mobile Communication Devices Market by Product
9.4.5.4.2Rest of Middle East and Africa Explosion Proof Mobile Communication Devices Market by Industry
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Explosion Proof Mobile Communication Devices Market Overview
9.5.2South and Central America Explosion Proof Mobile Communication Devices Market Forecasts and Analysis
9.5.3South and Central America Explosion Proof Mobile Communication Devices Market Forecasts and Analysis - By Product
9.5.4South and Central America Explosion Proof Mobile Communication Devices Market Forecasts and Analysis - By Industry
9.5.5South and Central America Explosion Proof Mobile Communication Devices Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Explosion Proof Mobile Communication Devices Market
9.5.5.1.1Brazil Explosion Proof Mobile Communication Devices Market by Product
9.5.5.1.2Brazil Explosion Proof Mobile Communication Devices Market by Industry
9.5.5.2Argentina Explosion Proof Mobile Communication Devices Market
9.5.5.2.1Argentina Explosion Proof Mobile Communication Devices Market by Product
9.5.5.2.2Argentina Explosion Proof Mobile Communication Devices Market by Industry
9.5.5.3Rest of South and Central America Explosion Proof Mobile Communication Devices Market
9.5.5.3.1Rest of South and Central America Explosion Proof Mobile Communication Devices Market by Product
9.5.5.3.2Rest of South and Central America Explosion Proof Mobile Communication Devices Market by Industry
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.EXPLOSION PROOF MOBILE COMMUNICATION DEVICES MARKET, KEY COMPANY PROFILES
11.1.AIRACOM RTLS
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.BARTEC GROUP
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.EXTRONICS LTD.
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.GETAC TECHNOLOGY CORP.
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.I.SAFE MOBILE GMBH
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.JFE ENGINEERING CORPORATION
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.PANASONIC CORP.
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.PEPPERL+FUCHS GMBH
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.SONIM TECHNOLOGIES INC.
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.XCIEL INC.
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
1.Airacom RTLS
2.BARTEC Group
3.Extronics Ltd.
4.Getac Technology Corp.
5.i.safe MOBILE GmbH
6.JFE Engineering Corporation
7.Panasonic Corp.
8.Pepperl+Fuchs GmbH
9.Sonim Technologies Inc.
10.Xciel 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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