Flat Panel Display Market Scope, Size, Share 2031
The Flat Panel Display Market is expected to register a CAGR of 4.8% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Technology (OLED, LED, LCD, Others); Application (Smartphone and Tablet, Smart Wearable, Television and Digital Signage, PC and Laptop, Vehicle Display, Others); Display Size (Below 30 Inch, 30-50 Inch, Above 50 Inch); End-user (Healthcare, BFSI, Automotive, Military and Defense, Retail, 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 Flat Panel Display 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.
Flat Panel Display Market Segmentation
Technology- OLED
- LED
- LCD
- Others
- Smartphone and Tablet
- Smart Wearable
- Television and Digital Signage
- PC and Laptop
- Vehicle Display
- Others
- Below 30 Inch
- 30-50 Inch
- Above 50 Inch
- Healthcare
- BFSI
- Automotive
- Military and Defense
- Retail
- Others
Strategic Insights
Flat Panel Display Market Growth Drivers- Rising Demand for Consumer Electronics: The rising consumption of consumer electronics, including smartphones, televisions, and monitors. The development of better-looking OLED and QD-LCD panels has improved display quality and user experience, thus capturing the interest of consumers and boosting the growth trajectory of the market across sectors.
- Digital Signage and Advertising Growth: The adoption of flat panel displays for digital signage in retail, transportation hubs, and public spaces is accelerating. These offer vibrant, high-resolution images and adaptability and are, therefore, fundamental requirements for modern advertising strategy. Businesses continue to seek impactful ways to attract and engage customers.
- Transition to OLED and Advanced Display Technologies: Shift from LCD to advanced technologies such as OLED, and Micro-LED panels. OLEDs and Micro-LEDs provide greater color correctness, superior contrast ratios, and energy efficiency compared to LCD technologies. As this transition is bringing in new premium consumer electronics requirements and a large number of new professional applications that require high-class screens, it is changing the rules of competition.
- Sustainability and Eco-friendly Manufacturing: Environmental sustainability is a growing trend in the flat panel display market, with manufacturers focusing on reducing energy consumption, waste, and the use of hazardous materials. Energy-efficient displays like LED and OLED are in demand for their lower power consumption. Additionally, eco-friendly manufacturing practices and the development of recyclable display technologies are gaining momentum as consumers and regulators push for more environmentally conscious products, further driving market growth.
- Growth in Automotive Displays: The integration of flat panel displays in automotive applications, such as infotainment systems, dashboards, and rear-seat entertainment, presents a major opportunity for market expansion. With the rise of connected and autonomous vehicles, the demand for high-quality, customizable displays is expected to grow. Manufacturers are capitalizing on this trend by developing advanced display solutions with touch functionality, high-resolution screens, and flexible designs tailored to automotive needs.
- Increased Use of Displays in Gaming and Entertainment: The booming gaming and entertainment industries present significant opportunities for the flat panel display market. As gaming consoles and virtual reality devices advance, the demand for high-performance, high-definition displays is increasing. Additionally, the rise of e-sports and content creation on platforms like YouTube and Twitch is driving the need for premium displays in entertainment setups. Companies can capitalize on this trend by offering displays designed for immersive experiences with superior visual quality.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Flat Panel Display 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 Flat Panel Display 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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- 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
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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
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
Transition to OLED and advanced display technologies to play a significant role in the global flat panel display market in the coming years
Rising demand for consumer electronics and digital signage and advertising growth are the major factors driving the flat panel display market
The Flat Panel Display Market is estimated to witness a CAGR of 4.8% 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 Flat Panel Display Market - By Technology
1.3.2 Flat Panel Display Market - By Application
1.3.3 Flat Panel Display Market - By Display Size
1.3.4 Flat Panel Display Market - By End-user
1.3.5 Flat Panel Display Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FLAT PANEL DISPLAY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. FLAT PANEL DISPLAY 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. FLAT PANEL DISPLAY MARKET - GLOBAL MARKET ANALYSIS
6.1. FLAT PANEL DISPLAY - GLOBAL MARKET OVERVIEW
6.2. FLAT PANEL DISPLAY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FLAT PANEL DISPLAY MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. OLED
7.3.1. Overview
7.3.2. OLED Market Forecast and Analysis
7.4. LED
7.4.1. Overview
7.4.2. LED Market Forecast and Analysis
7.5. LCD
7.5.1. Overview
7.5.2. LCD Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. FLAT PANEL DISPLAY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. SMARTPHONE AND TABLET
8.3.1. Overview
8.3.2. Smartphone and Tablet Market Forecast and Analysis
8.4. SMART WEARABLE
8.4.1. Overview
8.4.2. Smart Wearable Market Forecast and Analysis
8.5. TELEVISION AND DIGITAL SIGNAGE
8.5.1. Overview
8.5.2. Television and Digital Signage Market Forecast and Analysis
8.6. PC AND LAPTOP
8.6.1. Overview
8.6.2. PC and Laptop Market Forecast and Analysis
8.7. VEHICLE DISPLAY
8.7.1. Overview
8.7.2. Vehicle Display Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. FLAT PANEL DISPLAY MARKET - REVENUE AND FORECASTS TO 2028 - DISPLAY SIZE
9.1. OVERVIEW
9.2. DISPLAY SIZE MARKET FORECASTS AND ANALYSIS
9.3. BELOW 30 INCH
9.3.1. Overview
9.3.2. Below 30 Inch Market Forecast and Analysis
9.4. 30-50 INCH
9.4.1. Overview
9.4.2. 30-50 Inch Market Forecast and Analysis
9.5. ABOVE 50 INCH
9.5.1. Overview
9.5.2. Above 50 Inch Market Forecast and Analysis
10. FLAT PANEL DISPLAY MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
10.1. OVERVIEW
10.2. END-USER MARKET FORECASTS AND ANALYSIS
10.3. HEALTHCARE
10.3.1. Overview
10.3.2. Healthcare Market Forecast and Analysis
10.4. BFSI
10.4.1. Overview
10.4.2. BFSI Market Forecast and Analysis
10.5. AUTOMOTIVE
10.5.1. Overview
10.5.2. Automotive Market Forecast and Analysis
10.6. MILITARY AND DEFENSE
10.6.1. Overview
10.6.2. Military and Defense Market Forecast and Analysis
10.7. RETAIL
10.7.1. Overview
10.7.2. Retail Market Forecast and Analysis
10.8. OTHERS
10.8.1. Overview
10.8.2. Others Market Forecast and Analysis
11. FLAT PANEL DISPLAY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Flat Panel Display Market Overview
11.1.2 North America Flat Panel Display Market Forecasts and Analysis
11.1.3 North America Flat Panel Display Market Forecasts and Analysis - By Technology
11.1.4 North America Flat Panel Display Market Forecasts and Analysis - By Application
11.1.5 North America Flat Panel Display Market Forecasts and Analysis - By Display Size
11.1.6 North America Flat Panel Display Market Forecasts and Analysis - By End-user
11.1.7 North America Flat Panel Display Market Forecasts and Analysis - By Countries
11.1.7.1 United States Flat Panel Display Market
11.1.7.1.1 United States Flat Panel Display Market by Technology
11.1.7.1.2 United States Flat Panel Display Market by Application
11.1.7.1.3 United States Flat Panel Display Market by Display Size
11.1.7.1.4 United States Flat Panel Display Market by End-user
11.1.7.2 Canada Flat Panel Display Market
11.1.7.2.1 Canada Flat Panel Display Market by Technology
11.1.7.2.2 Canada Flat Panel Display Market by Application
11.1.7.2.3 Canada Flat Panel Display Market by Display Size
11.1.7.2.4 Canada Flat Panel Display Market by End-user
11.1.7.3 Mexico Flat Panel Display Market
11.1.7.3.1 Mexico Flat Panel Display Market by Technology
11.1.7.3.2 Mexico Flat Panel Display Market by Application
11.1.7.3.3 Mexico Flat Panel Display Market by Display Size
11.1.7.3.4 Mexico Flat Panel Display Market by End-user
11.2. EUROPE
11.2.1 Europe Flat Panel Display Market Overview
11.2.2 Europe Flat Panel Display Market Forecasts and Analysis
11.2.3 Europe Flat Panel Display Market Forecasts and Analysis - By Technology
11.2.4 Europe Flat Panel Display Market Forecasts and Analysis - By Application
11.2.5 Europe Flat Panel Display Market Forecasts and Analysis - By Display Size
11.2.6 Europe Flat Panel Display Market Forecasts and Analysis - By End-user
11.2.7 Europe Flat Panel Display Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Flat Panel Display Market
11.2.7.1.1 Germany Flat Panel Display Market by Technology
11.2.7.1.2 Germany Flat Panel Display Market by Application
11.2.7.1.3 Germany Flat Panel Display Market by Display Size
11.2.7.1.4 Germany Flat Panel Display Market by End-user
11.2.7.2 France Flat Panel Display Market
11.2.7.2.1 France Flat Panel Display Market by Technology
11.2.7.2.2 France Flat Panel Display Market by Application
11.2.7.2.3 France Flat Panel Display Market by Display Size
11.2.7.2.4 France Flat Panel Display Market by End-user
11.2.7.3 Italy Flat Panel Display Market
11.2.7.3.1 Italy Flat Panel Display Market by Technology
11.2.7.3.2 Italy Flat Panel Display Market by Application
11.2.7.3.3 Italy Flat Panel Display Market by Display Size
11.2.7.3.4 Italy Flat Panel Display Market by End-user
11.2.7.4 United Kingdom Flat Panel Display Market
11.2.7.4.1 United Kingdom Flat Panel Display Market by Technology
11.2.7.4.2 United Kingdom Flat Panel Display Market by Application
11.2.7.4.3 United Kingdom Flat Panel Display Market by Display Size
11.2.7.4.4 United Kingdom Flat Panel Display Market by End-user
11.2.7.5 Russia Flat Panel Display Market
11.2.7.5.1 Russia Flat Panel Display Market by Technology
11.2.7.5.2 Russia Flat Panel Display Market by Application
11.2.7.5.3 Russia Flat Panel Display Market by Display Size
11.2.7.5.4 Russia Flat Panel Display Market by End-user
11.2.7.6 Rest of Europe Flat Panel Display Market
11.2.7.6.1 Rest of Europe Flat Panel Display Market by Technology
11.2.7.6.2 Rest of Europe Flat Panel Display Market by Application
11.2.7.6.3 Rest of Europe Flat Panel Display Market by Display Size
11.2.7.6.4 Rest of Europe Flat Panel Display Market by End-user
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Flat Panel Display Market Overview
11.3.2 Asia-Pacific Flat Panel Display Market Forecasts and Analysis
11.3.3 Asia-Pacific Flat Panel Display Market Forecasts and Analysis - By Technology
11.3.4 Asia-Pacific Flat Panel Display Market Forecasts and Analysis - By Application
11.3.5 Asia-Pacific Flat Panel Display Market Forecasts and Analysis - By Display Size
11.3.6 Asia-Pacific Flat Panel Display Market Forecasts and Analysis - By End-user
11.3.7 Asia-Pacific Flat Panel Display Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Flat Panel Display Market
11.3.7.1.1 Australia Flat Panel Display Market by Technology
11.3.7.1.2 Australia Flat Panel Display Market by Application
11.3.7.1.3 Australia Flat Panel Display Market by Display Size
11.3.7.1.4 Australia Flat Panel Display Market by End-user
11.3.7.2 China Flat Panel Display Market
11.3.7.2.1 China Flat Panel Display Market by Technology
11.3.7.2.2 China Flat Panel Display Market by Application
11.3.7.2.3 China Flat Panel Display Market by Display Size
11.3.7.2.4 China Flat Panel Display Market by End-user
11.3.7.3 India Flat Panel Display Market
11.3.7.3.1 India Flat Panel Display Market by Technology
11.3.7.3.2 India Flat Panel Display Market by Application
11.3.7.3.3 India Flat Panel Display Market by Display Size
11.3.7.3.4 India Flat Panel Display Market by End-user
11.3.7.4 Japan Flat Panel Display Market
11.3.7.4.1 Japan Flat Panel Display Market by Technology
11.3.7.4.2 Japan Flat Panel Display Market by Application
11.3.7.4.3 Japan Flat Panel Display Market by Display Size
11.3.7.4.4 Japan Flat Panel Display Market by End-user
11.3.7.5 South Korea Flat Panel Display Market
11.3.7.5.1 South Korea Flat Panel Display Market by Technology
11.3.7.5.2 South Korea Flat Panel Display Market by Application
11.3.7.5.3 South Korea Flat Panel Display Market by Display Size
11.3.7.5.4 South Korea Flat Panel Display Market by End-user
11.3.7.6 Rest of Asia-Pacific Flat Panel Display Market
11.3.7.6.1 Rest of Asia-Pacific Flat Panel Display Market by Technology
11.3.7.6.2 Rest of Asia-Pacific Flat Panel Display Market by Application
11.3.7.6.3 Rest of Asia-Pacific Flat Panel Display Market by Display Size
11.3.7.6.4 Rest of Asia-Pacific Flat Panel Display Market by End-user
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Flat Panel Display Market Overview
11.4.2 Middle East and Africa Flat Panel Display Market Forecasts and Analysis
11.4.3 Middle East and Africa Flat Panel Display Market Forecasts and Analysis - By Technology
11.4.4 Middle East and Africa Flat Panel Display Market Forecasts and Analysis - By Application
11.4.5 Middle East and Africa Flat Panel Display Market Forecasts and Analysis - By Display Size
11.4.6 Middle East and Africa Flat Panel Display Market Forecasts and Analysis - By End-user
11.4.7 Middle East and Africa Flat Panel Display Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Flat Panel Display Market
11.4.7.1.1 South Africa Flat Panel Display Market by Technology
11.4.7.1.2 South Africa Flat Panel Display Market by Application
11.4.7.1.3 South Africa Flat Panel Display Market by Display Size
11.4.7.1.4 South Africa Flat Panel Display Market by End-user
11.4.7.2 Saudi Arabia Flat Panel Display Market
11.4.7.2.1 Saudi Arabia Flat Panel Display Market by Technology
11.4.7.2.2 Saudi Arabia Flat Panel Display Market by Application
11.4.7.2.3 Saudi Arabia Flat Panel Display Market by Display Size
11.4.7.2.4 Saudi Arabia Flat Panel Display Market by End-user
11.4.7.3 U.A.E Flat Panel Display Market
11.4.7.3.1 U.A.E Flat Panel Display Market by Technology
11.4.7.3.2 U.A.E Flat Panel Display Market by Application
11.4.7.3.3 U.A.E Flat Panel Display Market by Display Size
11.4.7.3.4 U.A.E Flat Panel Display Market by End-user
11.4.7.4 Rest of Middle East and Africa Flat Panel Display Market
11.4.7.4.1 Rest of Middle East and Africa Flat Panel Display Market by Technology
11.4.7.4.2 Rest of Middle East and Africa Flat Panel Display Market by Application
11.4.7.4.3 Rest of Middle East and Africa Flat Panel Display Market by Display Size
11.4.7.4.4 Rest of Middle East and Africa Flat Panel Display Market by End-user
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Flat Panel Display Market Overview
11.5.2 South and Central America Flat Panel Display Market Forecasts and Analysis
11.5.3 South and Central America Flat Panel Display Market Forecasts and Analysis - By Technology
11.5.4 South and Central America Flat Panel Display Market Forecasts and Analysis - By Application
11.5.5 South and Central America Flat Panel Display Market Forecasts and Analysis - By Display Size
11.5.6 South and Central America Flat Panel Display Market Forecasts and Analysis - By End-user
11.5.7 South and Central America Flat Panel Display Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Flat Panel Display Market
11.5.7.1.1 Brazil Flat Panel Display Market by Technology
11.5.7.1.2 Brazil Flat Panel Display Market by Application
11.5.7.1.3 Brazil Flat Panel Display Market by Display Size
11.5.7.1.4 Brazil Flat Panel Display Market by End-user
11.5.7.2 Argentina Flat Panel Display Market
11.5.7.2.1 Argentina Flat Panel Display Market by Technology
11.5.7.2.2 Argentina Flat Panel Display Market by Application
11.5.7.2.3 Argentina Flat Panel Display Market by Display Size
11.5.7.2.4 Argentina Flat Panel Display Market by End-user
11.5.7.3 Rest of South and Central America Flat Panel Display Market
11.5.7.3.1 Rest of South and Central America Flat Panel Display Market by Technology
11.5.7.3.2 Rest of South and Central America Flat Panel Display Market by Application
11.5.7.3.3 Rest of South and Central America Flat Panel Display Market by Display Size
11.5.7.3.4 Rest of South and Central America Flat Panel Display Market by End-user
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. FLAT PANEL DISPLAY MARKET, KEY COMPANY PROFILES
13.1. APPLIED MATERIALS, INC.
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. AU OPTRONICS CORP.
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. JAPAN DISPLAY 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. LG ELECTRONICS
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. NEC CORPORATION
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. PANASONIC CORPORATION
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. SAMSUNG
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. SHARP CORPORATION
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. SONY CORPORATION
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. UNIVERSAL DISPLAY CORPORATION
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. Applied Materials, Inc.
2. AU Optronics Corp.
3. Japan Display Inc.
4. LG Electronics
5. NEC Corporation
6. Panasonic Corporation
7. Samsung
8. Sharp Corporation
9. Sony Corporation
10. Universal Display 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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