Liquid Handling Systems Market Growth | 2021 to 2031
The Liquid Handling Systems 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 (Pipettes, Consumables, Microplate Reagent Dispensers, Liquid Handling workstations, Burettes, Microplate washers, Software, and Other Products), Applications (Genomics, Clinical diagnostics, Drug discovery, Proteomics, and Others), and End User (Academic & Government Research Institutes, Biotechnology & Pharmaceutical Companies, Hospitals and Diagnostic Labs, and 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 Liquid Handling Systems 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.
Liquid Handling Systems Market Segmentation
By Product- Pipettes
- Consumables
- Microplate Reagent Dispensers
- Liquid Handling workstations
- Burettes
- Microplate washers
- Software
- Other Products
- Genomics
- Clinical diagnostics
- Drug discovery
- Proteomics
- Others
- Academic & Government Research Institutes
- Biotechnology & Pharmaceutical Companies
- Hospitals and Diagnostic Labs
- Others
Strategic Insights
Liquid Handling Systems Market Growth Drivers- Growing prevalence of cancer: The ever-rising number of cancer patients contributes significantly to the growing liquid handling system market as it creates a massive need for laboratory testing and analysis that is both accurate and quick. Liquid handling systems are utilized in laboratories for several purposes, including but not limited to clinical research laboratories, diagnostic laboratories, and pharmaceutical manufacturing plants, to manage and control liquids such as blood, tissues, and pharmaceuticals in liquid states.
- Increasing use of flow cytometry in clinical research: The rising adoption of flow cytometry in clinical studies is also propelling the growth of the liquid handling system market. Flow cytometry refers to a technique that is utilized in the determination of specific cell quality attributes like size, shape, and surface markers. This technique is extensively applied in cancer studies to understand the properties of cancer cells and discover new cancer-related biomarkers.
- Rising improved healthcare facilities: The need for better healthcare facilities has been a significant factor influencing the growth of the liquid handling system market. Most of these improved healthcare facilities are currently placing the highest consideration on patient care, thus the implementation of automated and accurate liquid handling systems to minimize any chances of contamination and drug error. The rising rates of demand for tailor-made treatments and therapies will necessitate the use of sophisticated liquid handling systems with the ability to manage minute sample sizes and elaborate protocols.
- Technological Advancements: Technological advancements is a trend encompasses the ongoing modernization and enhancement of liquid handling systems by the creation or improvement of new technologies or techniques. These can range from simple pipetting and dosing and dispensing techniques to complex and automated liquid handling systems where automation, robotics, and even artificial intelligence (AI) are integrated into the system.
- Increasing Demand for Customized Solutions: Increasing demand for customized solutions: This trend illustrates the increasing trend in using liquid handling systems that meet the needs of specific customers. This may take the form of a system that is CNC machined for that particular customer, bespoke software, or training provided for that particular industry or client.
- Emergence of Point-of-Care Testing: POC testing is defined as the testing of patient samples undertaken by medical professionals within close proximity to the patient rather than at a remote laboratory facility. Consequently, the upsurge in POC testing has increased the necessity for the development of portable and easy-to-use liquid handling systems that can be applied in clinics, hospitals, and even patients’ homes.
- Automated Liquid Handling Systems : Automated Liquid Handling Systems: Due to the elevated need for better efficiency and accuracy in laboratory operations, automated liquid handling systems are being embraced. Corporations are capable of developing and putting automated systems on the market, which are capable of performing various functions all at once without the need for human labor, thereby enhancing production levels.
- Microfluidics-based Liquid Handling Systems : The control of liquid handling in miniaturized space is taking a different due to the microfluidics technology. For instance, companies can come up with microfluidics-based systems for point-of-care diagnostics or even precision medicine. There is an ever-increasing demand for small and compact liquid handling systems as well as micro-liquid handling systems. Market players can tap this trend by designing pocket-friendly and streamlined systems that are applicable to many uses.
- Single-Use Liquid Handling Systems : The demand for single-use systems is growing in the pharmaceutical industry due to concerns about contamination and the need to reduce costs. Organizations can develop and manufacture user-friendly, cost-effective single-use liquid handling systems with minimal risk of contamination. The current trend can be leveraged by market players through the advancement of single-use liquid handling systems.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Liquid Handling Systems 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 Liquid Handling Systems 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
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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
The Liquid Handling Systems market is estimated to grow with a CAGR of 5.1% from 2023 to 2031.
Asia Pacific region is likely to witness fastest growth rate during the forecast period.
The Liquid Handling Systems market majorly consists of the players such as Thermo Fisher Scientific Inc., Danaher Corporation, Eppendorf AG among others.
Technological Advancements are likely to remain the key trend during the forecast period
The market drivers include Growing prevalence of cancer and Increasing use of flow cytometry in clinical research are driving the Liquid Handling Systems market
North America dominated the Liquid Handling Systems 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 Liquid Handling Systems Market - By Product
1.3.2 Liquid Handling Systems Market - By Applications
1.3.3 Liquid Handling Systems Market - By End User
1.3.4 Liquid Handling Systems Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LIQUID HANDLING SYSTEMS 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. LIQUID HANDLING SYSTEMS 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. LIQUID HANDLING SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. LIQUID HANDLING SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. LIQUID HANDLING SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. LIQUID HANDLING SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. PIPETTES
7.3.1. Overview
7.3.2. Pipettes Market Forecast and Analysis
7.4. CONSUMABLES
7.4.1. Overview
7.4.2. Consumables Market Forecast and Analysis
7.5. MICROPLATE REAGENT DISPENSERS
7.5.1. Overview
7.5.2. Microplate Reagent Dispensers Market Forecast and Analysis
7.6. LIQUID HANDLING WORKSTATIONS
7.6.1. Overview
7.6.2. Liquid Handling workstations Market Forecast and Analysis
7.7. BURETTES
7.7.1. Overview
7.7.2. Burettes Market Forecast and Analysis
7.8. MICROPLATE WASHERS
7.8.1. Overview
7.8.2. Microplate washers Market Forecast and Analysis
7.9. SOFTWARE
7.9.1. Overview
7.9.2. Software Market Forecast and Analysis
7.10. OTHER PRODUCTS
7.10.1. Overview
7.10.2. Other Products Market Forecast and Analysis
8. LIQUID HANDLING SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATIONS
8.1. OVERVIEW
8.2. APPLICATIONS MARKET FORECASTS AND ANALYSIS
8.3. GENOMICS
8.3.1. Overview
8.3.2. Genomics Market Forecast and Analysis
8.4. CLINICAL DIAGNOSTICS
8.4.1. Overview
8.4.2. Clinical diagnostics Market Forecast and Analysis
8.5. DRUG DISCOVERY
8.5.1. Overview
8.5.2. Drug discovery Market Forecast and Analysis
8.6. PROTEOMICS
8.6.1. Overview
8.6.2. Proteomics Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. LIQUID HANDLING SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. ACADEMIC AND GOVERNMENT RESEARCH INSTITUTES
9.3.1. Overview
9.3.2. Academic and Government Research Institutes Market Forecast and Analysis
9.4. BIOTECHNOLOGY AND PHARMACEUTICAL COMPANIES
9.4.1. Overview
9.4.2. Biotechnology and Pharmaceutical Companies Market Forecast and Analysis
9.5. HOSPITALS AND DIAGNOSTIC LABS
9.5.1. Overview
9.5.2. Hospitals and Diagnostic Labs Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. LIQUID HANDLING SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Liquid Handling Systems Market Overview
10.1.2 North America Liquid Handling Systems Market Forecasts and Analysis
10.1.3 North America Liquid Handling Systems Market Forecasts and Analysis - By Product
10.1.4 North America Liquid Handling Systems Market Forecasts and Analysis - By Applications
10.1.5 North America Liquid Handling Systems Market Forecasts and Analysis - By End User
10.1.6 North America Liquid Handling Systems Market Forecasts and Analysis - By Countries
10.1.6.1 United States Liquid Handling Systems Market
10.1.6.1.1 United States Liquid Handling Systems Market by Product
10.1.6.1.2 United States Liquid Handling Systems Market by Applications
10.1.6.1.3 United States Liquid Handling Systems Market by End User
10.1.6.2 Canada Liquid Handling Systems Market
10.1.6.2.1 Canada Liquid Handling Systems Market by Product
10.1.6.2.2 Canada Liquid Handling Systems Market by Applications
10.1.6.2.3 Canada Liquid Handling Systems Market by End User
10.1.6.3 Mexico Liquid Handling Systems Market
10.1.6.3.1 Mexico Liquid Handling Systems Market by Product
10.1.6.3.2 Mexico Liquid Handling Systems Market by Applications
10.1.6.3.3 Mexico Liquid Handling Systems Market by End User
10.2. EUROPE
10.2.1 Europe Liquid Handling Systems Market Overview
10.2.2 Europe Liquid Handling Systems Market Forecasts and Analysis
10.2.3 Europe Liquid Handling Systems Market Forecasts and Analysis - By Product
10.2.4 Europe Liquid Handling Systems Market Forecasts and Analysis - By Applications
10.2.5 Europe Liquid Handling Systems Market Forecasts and Analysis - By End User
10.2.6 Europe Liquid Handling Systems Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Liquid Handling Systems Market
10.2.6.1.1 Germany Liquid Handling Systems Market by Product
10.2.6.1.2 Germany Liquid Handling Systems Market by Applications
10.2.6.1.3 Germany Liquid Handling Systems Market by End User
10.2.6.2 France Liquid Handling Systems Market
10.2.6.2.1 France Liquid Handling Systems Market by Product
10.2.6.2.2 France Liquid Handling Systems Market by Applications
10.2.6.2.3 France Liquid Handling Systems Market by End User
10.2.6.3 Italy Liquid Handling Systems Market
10.2.6.3.1 Italy Liquid Handling Systems Market by Product
10.2.6.3.2 Italy Liquid Handling Systems Market by Applications
10.2.6.3.3 Italy Liquid Handling Systems Market by End User
10.2.6.4 Spain Liquid Handling Systems Market
10.2.6.4.1 Spain Liquid Handling Systems Market by Product
10.2.6.4.2 Spain Liquid Handling Systems Market by Applications
10.2.6.4.3 Spain Liquid Handling Systems Market by End User
10.2.6.5 United Kingdom Liquid Handling Systems Market
10.2.6.5.1 United Kingdom Liquid Handling Systems Market by Product
10.2.6.5.2 United Kingdom Liquid Handling Systems Market by Applications
10.2.6.5.3 United Kingdom Liquid Handling Systems Market by End User
10.2.6.6 Rest of Europe Liquid Handling Systems Market
10.2.6.6.1 Rest of Europe Liquid Handling Systems Market by Product
10.2.6.6.2 Rest of Europe Liquid Handling Systems Market by Applications
10.2.6.6.3 Rest of Europe Liquid Handling Systems Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Liquid Handling Systems Market Overview
10.3.2 Asia-Pacific Liquid Handling Systems Market Forecasts and Analysis
10.3.3 Asia-Pacific Liquid Handling Systems Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Liquid Handling Systems Market Forecasts and Analysis - By Applications
10.3.5 Asia-Pacific Liquid Handling Systems Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Liquid Handling Systems Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Liquid Handling Systems Market
10.3.6.1.1 Australia Liquid Handling Systems Market by Product
10.3.6.1.2 Australia Liquid Handling Systems Market by Applications
10.3.6.1.3 Australia Liquid Handling Systems Market by End User
10.3.6.2 China Liquid Handling Systems Market
10.3.6.2.1 China Liquid Handling Systems Market by Product
10.3.6.2.2 China Liquid Handling Systems Market by Applications
10.3.6.2.3 China Liquid Handling Systems Market by End User
10.3.6.3 India Liquid Handling Systems Market
10.3.6.3.1 India Liquid Handling Systems Market by Product
10.3.6.3.2 India Liquid Handling Systems Market by Applications
10.3.6.3.3 India Liquid Handling Systems Market by End User
10.3.6.4 Japan Liquid Handling Systems Market
10.3.6.4.1 Japan Liquid Handling Systems Market by Product
10.3.6.4.2 Japan Liquid Handling Systems Market by Applications
10.3.6.4.3 Japan Liquid Handling Systems Market by End User
10.3.6.5 South Korea Liquid Handling Systems Market
10.3.6.5.1 South Korea Liquid Handling Systems Market by Product
10.3.6.5.2 South Korea Liquid Handling Systems Market by Applications
10.3.6.5.3 South Korea Liquid Handling Systems Market by End User
10.3.6.6 Rest of Asia-Pacific Liquid Handling Systems Market
10.3.6.6.1 Rest of Asia-Pacific Liquid Handling Systems Market by Product
10.3.6.6.2 Rest of Asia-Pacific Liquid Handling Systems Market by Applications
10.3.6.6.3 Rest of Asia-Pacific Liquid Handling Systems Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Liquid Handling Systems Market Overview
10.4.2 Middle East and Africa Liquid Handling Systems Market Forecasts and Analysis
10.4.3 Middle East and Africa Liquid Handling Systems Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Liquid Handling Systems Market Forecasts and Analysis - By Applications
10.4.5 Middle East and Africa Liquid Handling Systems Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Liquid Handling Systems Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Liquid Handling Systems Market
10.4.6.1.1 South Africa Liquid Handling Systems Market by Product
10.4.6.1.2 South Africa Liquid Handling Systems Market by Applications
10.4.6.1.3 South Africa Liquid Handling Systems Market by End User
10.4.6.2 Saudi Arabia Liquid Handling Systems Market
10.4.6.2.1 Saudi Arabia Liquid Handling Systems Market by Product
10.4.6.2.2 Saudi Arabia Liquid Handling Systems Market by Applications
10.4.6.2.3 Saudi Arabia Liquid Handling Systems Market by End User
10.4.6.3 U.A.E Liquid Handling Systems Market
10.4.6.3.1 U.A.E Liquid Handling Systems Market by Product
10.4.6.3.2 U.A.E Liquid Handling Systems Market by Applications
10.4.6.3.3 U.A.E Liquid Handling Systems Market by End User
10.4.6.4 Rest of Middle East and Africa Liquid Handling Systems Market
10.4.6.4.1 Rest of Middle East and Africa Liquid Handling Systems Market by Product
10.4.6.4.2 Rest of Middle East and Africa Liquid Handling Systems Market by Applications
10.4.6.4.3 Rest of Middle East and Africa Liquid Handling Systems Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Liquid Handling Systems Market Overview
10.5.2 South and Central America Liquid Handling Systems Market Forecasts and Analysis
10.5.3 South and Central America Liquid Handling Systems Market Forecasts and Analysis - By Product
10.5.4 South and Central America Liquid Handling Systems Market Forecasts and Analysis - By Applications
10.5.5 South and Central America Liquid Handling Systems Market Forecasts and Analysis - By End User
10.5.6 South and Central America Liquid Handling Systems Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Liquid Handling Systems Market
10.5.6.1.1 Brazil Liquid Handling Systems Market by Product
10.5.6.1.2 Brazil Liquid Handling Systems Market by Applications
10.5.6.1.3 Brazil Liquid Handling Systems Market by End User
10.5.6.2 Argentina Liquid Handling Systems Market
10.5.6.2.1 Argentina Liquid Handling Systems Market by Product
10.5.6.2.2 Argentina Liquid Handling Systems Market by Applications
10.5.6.2.3 Argentina Liquid Handling Systems Market by End User
10.5.6.3 Rest of South and Central America Liquid Handling Systems Market
10.5.6.3.1 Rest of South and Central America Liquid Handling Systems Market by Product
10.5.6.3.2 Rest of South and Central America Liquid Handling Systems Market by Applications
10.5.6.3.3 Rest of South and Central America Liquid Handling Systems Market by End User
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL LIQUID HANDLING SYSTEMS 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. LIQUID HANDLING SYSTEMS MARKET, KEY COMPANY PROFILES
13.1. DANAHER CORPORATION
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. THERMO FISHER SCIENTIFIC 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. EPPENDORF AG
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. TECAN GROUP 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. GARDNER DENVER MEDICAL
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. METTLER-TOLEDO INTERNATIONAL INC.
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. HAMILTON COMPANY
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. PERKINELMER, INC.
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. SARTORIUS AG
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. CORNING INCORPORATED
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. Danaher Corporation
2. Thermo Fisher Scientific Inc.
3. Eppendorf AG
4. Tecan Group Ltd.
5. Gardner Denver Medical
6. Mettler-Toledo International Inc.
7. Hamilton Company
8. PerkinElmer, Inc.
9. Sartorius AG
10. Corning Incorporated
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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