Magnetic Materials Market Drivers and Trends by 2031
The Magnetic Materials Market is expected to register a CAGR of 6.9% 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 type (hard magnetic materials, soft magnetic materials, and semi-hard magnetic materials). The report is further segmented by end-user industry (automotive, electronics, power generation, industrial, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Magnetic Materials 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.
Magnetic Materials Market Segmentation
Type- Hard Magnetic Materials
- Soft Magnetic Materials
- Semi-Hard Magnetic Materials
- Automotive
- Electronics
- Power Generation
- Industrial
Strategic Insights
Magnetic Materials Market Growth Drivers- Electric Vehicles Boost Demand: One of the major demand drivers for magnetic materials has been the rapid shift in the automotive industry toward electric vehicles, which rely heavily on magnetic materials for electric motors, batteries, sensors, and actuators. Because governments are imposing stricter regulations on emissions and consumers continue to turn to EVs for environmental reasons, high-performance magnetic materials such as neodymium and samarium-cobalt magnets have increased in demand. These materials are critical in the production of efficient electric motors used in EVs, thereby resulting in increased market growth.
- Clean Energy Drives Magnet Usage: Clean energy alternatives have grown in global demand because of increased emphasis on wind power generation and energy storage systems. The production of wind turbines depends on permanent solid magnets for the most efficient method of energy production, and further use of wind energy is likely to increase its demand. More advanced solutions for energy storage, high-efficiency batteries, have specific requirements in terms of magnetic materials. Thus, sustainable solutions to the energy challenge are another driver.
- Consumer Electronics Fuel Magnet Growth: The demand for high-performance consumer electronics products, including smartphones, tablets, wearables, and wireless communication devices, leads to the demand for higher-grade magnetic materials. Increased miniaturization and the need for more efficient, compact devices make manufacturers use high-quality magnetic materials for components such as hard drives, speakers, and sensors. This demand is set to increase further with new technologies such as 5G coming up in consumer electronics.
- Shift Towards Domestic Rare Earth Supply: Rare earth elements, for example, neodymium, dysprosium, and terbium, are very imperative in manufacturing high-performance magnets that have many applications. They form the backbone of producing the high-powered permanent magnets required in electric cars, wind turbines, and many other electronic devices. Hence, countries have tried to cross over from the reliance on imported materials in foreign regions; this has seen market strategies and price changes with respect to such materials in the global chains of supply for rare earth.
- Recycling Enhances Rare Earth Sustainability: Recycling of rare earth is being undertaken to curtail dependence on mining so that there can be sustainability in the manufacture of magnetic material. In terms of the high demand for neodymium and cobalt materials, recycling activities are also being carried out. These technologies will ensure effective recycling methods in extracting the magnetic material that can be extracted from waste electronics, end-of-life products, and used electric vehicle batteries. This trend stabilizes the supply chain while also reducing the footprint in magnetic material production.
- Innovation Drives Magnet Production Efficiency: Innovation, like powder metallurgy, common examples include additive manufacturing as, widely known as 3D printing, which will further boost better high-performance magnets that become even more efficient and not only in reduced costs but by far less waste in general and with lower production expenses also allowing more applications in very broad industries.
- EV Growth Boosts Magnet Demand: Electric vehicles are becoming popular, and there is a huge opportunity in the magnetic materials market. Permanent magnets are the prime choice for motor efficiency among EV manufacturers, and this trend is sure to increase with the increasing number of EVs being adopted across the globe. Companies can capitalize on this opportunity by providing high-quality magnets that are light, durable, and efficient for the rapidly growing electric vehicle sector.
- IoT Drives Magnetic Materials Demand: The Internet of Things and smart devices have unleashed massive growth opportunities for the magnetic materials market. They are used in various applications, from industrial automation and robotics to healthcare devices. With the fast-growing IoT adoption, demands for such sensors have also experienced growth. High-performance magnetic materials are needed for these sensors. Hence, huge growth opportunities exist for businesses undertaking sensor and magnetic material production.
- Magnetic Materials Fuel Energy Storage: Advanced magnetic materials, including new types of batteries and capacitors, have a tremendous market demand for high-efficiency energy storage systems. Energy storage becomes the key challenge for balancing supply and demand as the world transitions toward renewable energy sources. Magnetic materials contribute very significantly to enhancing the performance of energy storage systems. This opportunity can be grabbed by manufacturers in terms of developing innovative magnetic materials for next-generation battery technologies.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Magnetic Materials 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 Magnetic Materials Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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
Increasing use of rare earth elements is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the magnetic materials market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Shin-Etsu Chemical Co Ltd, Toshiba Materials Co Ltd, TDK Corp, Steward Advanced Materials LLC, Adams Magnetic Products LLC, Daido Steel Co Ltd, Electron Energy Corp, Lynas Rare Earths Ltd, Molycorp Inc, and PROTERIAL LTD
The Magnetic Materials Market is estimated to witness a CAGR of 6.9% from 2023 to 2031
The major factors driving the magnetic materials market are:
1. Rising Demand for Electric Vehicles (EVs).
2. Growth of Renewable Energy Systems.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Magnetic Materials Market - By Type
1.3.2 Magnetic Materials Market - By Application
1.3.3 Magnetic Materials Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MAGNETIC MATERIALS 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. MAGNETIC MATERIALS 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. MAGNETIC MATERIALS MARKET - GLOBAL MARKET ANALYSIS
6.1. MAGNETIC MATERIALS - GLOBAL MARKET OVERVIEW
6.2. MAGNETIC MATERIALS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MAGNETIC MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SEMI-HARD MAGNET
7.3.1. Overview
7.3.2. Semi-Hard Magnet Market Forecast and Analysis
7.4. SOFT MAGNET
7.4.1. Overview
7.4.2. Soft Magnet Market Forecast and Analysis
7.5. HARD OR PERMANENT MAGNET
7.5.1. Overview
7.5.2. Hard or Permanent Magnet Market Forecast and Analysis
8. MAGNETIC MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. ELECTRONICS
8.4.1. Overview
8.4.2. Electronics Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
8.6. POWER GENERATION
8.6.1. Overview
8.6.2. Power Generation Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. MAGNETIC MATERIALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Magnetic Materials Market Overview
9.1.2 North America Magnetic Materials Market Forecasts and Analysis
9.1.3 North America Magnetic Materials Market Forecasts and Analysis - By Type
9.1.4 North America Magnetic Materials Market Forecasts and Analysis - By Application
9.1.5 North America Magnetic Materials Market Forecasts and Analysis - By Countries
9.1.5.1 United States Magnetic Materials Market
9.1.5.1.1 United States Magnetic Materials Market by Type
9.1.5.1.2 United States Magnetic Materials Market by Application
9.1.5.2 Canada Magnetic Materials Market
9.1.5.2.1 Canada Magnetic Materials Market by Type
9.1.5.2.2 Canada Magnetic Materials Market by Application
9.1.5.3 Mexico Magnetic Materials Market
9.1.5.3.1 Mexico Magnetic Materials Market by Type
9.1.5.3.2 Mexico Magnetic Materials Market by Application
9.2. EUROPE
9.2.1 Europe Magnetic Materials Market Overview
9.2.2 Europe Magnetic Materials Market Forecasts and Analysis
9.2.3 Europe Magnetic Materials Market Forecasts and Analysis - By Type
9.2.4 Europe Magnetic Materials Market Forecasts and Analysis - By Application
9.2.5 Europe Magnetic Materials Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Magnetic Materials Market
9.2.5.1.1 Germany Magnetic Materials Market by Type
9.2.5.1.2 Germany Magnetic Materials Market by Application
9.2.5.2 France Magnetic Materials Market
9.2.5.2.1 France Magnetic Materials Market by Type
9.2.5.2.2 France Magnetic Materials Market by Application
9.2.5.3 Italy Magnetic Materials Market
9.2.5.3.1 Italy Magnetic Materials Market by Type
9.2.5.3.2 Italy Magnetic Materials Market by Application
9.2.5.4 United Kingdom Magnetic Materials Market
9.2.5.4.1 United Kingdom Magnetic Materials Market by Type
9.2.5.4.2 United Kingdom Magnetic Materials Market by Application
9.2.5.5 Russia Magnetic Materials Market
9.2.5.5.1 Russia Magnetic Materials Market by Type
9.2.5.5.2 Russia Magnetic Materials Market by Application
9.2.5.6 Rest of Europe Magnetic Materials Market
9.2.5.6.1 Rest of Europe Magnetic Materials Market by Type
9.2.5.6.2 Rest of Europe Magnetic Materials Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Magnetic Materials Market Overview
9.3.2 Asia-Pacific Magnetic Materials Market Forecasts and Analysis
9.3.3 Asia-Pacific Magnetic Materials Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Magnetic Materials Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Magnetic Materials Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Magnetic Materials Market
9.3.5.1.1 Australia Magnetic Materials Market by Type
9.3.5.1.2 Australia Magnetic Materials Market by Application
9.3.5.2 China Magnetic Materials Market
9.3.5.2.1 China Magnetic Materials Market by Type
9.3.5.2.2 China Magnetic Materials Market by Application
9.3.5.3 India Magnetic Materials Market
9.3.5.3.1 India Magnetic Materials Market by Type
9.3.5.3.2 India Magnetic Materials Market by Application
9.3.5.4 Japan Magnetic Materials Market
9.3.5.4.1 Japan Magnetic Materials Market by Type
9.3.5.4.2 Japan Magnetic Materials Market by Application
9.3.5.5 South Korea Magnetic Materials Market
9.3.5.5.1 South Korea Magnetic Materials Market by Type
9.3.5.5.2 South Korea Magnetic Materials Market by Application
9.3.5.6 Rest of Asia-Pacific Magnetic Materials Market
9.3.5.6.1 Rest of Asia-Pacific Magnetic Materials Market by Type
9.3.5.6.2 Rest of Asia-Pacific Magnetic Materials Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Magnetic Materials Market Overview
9.4.2 Middle East and Africa Magnetic Materials Market Forecasts and Analysis
9.4.3 Middle East and Africa Magnetic Materials Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Magnetic Materials Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Magnetic Materials Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Magnetic Materials Market
9.4.5.1.1 South Africa Magnetic Materials Market by Type
9.4.5.1.2 South Africa Magnetic Materials Market by Application
9.4.5.2 Saudi Arabia Magnetic Materials Market
9.4.5.2.1 Saudi Arabia Magnetic Materials Market by Type
9.4.5.2.2 Saudi Arabia Magnetic Materials Market by Application
9.4.5.3 U.A.E Magnetic Materials Market
9.4.5.3.1 U.A.E Magnetic Materials Market by Type
9.4.5.3.2 U.A.E Magnetic Materials Market by Application
9.4.5.4 Rest of Middle East and Africa Magnetic Materials Market
9.4.5.4.1 Rest of Middle East and Africa Magnetic Materials Market by Type
9.4.5.4.2 Rest of Middle East and Africa Magnetic Materials Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Magnetic Materials Market Overview
9.5.2 South and Central America Magnetic Materials Market Forecasts and Analysis
9.5.3 South and Central America Magnetic Materials Market Forecasts and Analysis - By Type
9.5.4 South and Central America Magnetic Materials Market Forecasts and Analysis - By Application
9.5.5 South and Central America Magnetic Materials Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Magnetic Materials Market
9.5.5.1.1 Brazil Magnetic Materials Market by Type
9.5.5.1.2 Brazil Magnetic Materials Market by Application
9.5.5.2 Argentina Magnetic Materials Market
9.5.5.2.1 Argentina Magnetic Materials Market by Type
9.5.5.2.2 Argentina Magnetic Materials Market by Application
9.5.5.3 Rest of South and Central America Magnetic Materials Market
9.5.5.3.1 Rest of South and Central America Magnetic Materials Market by Type
9.5.5.3.2 Rest of South and Central America Magnetic Materials Market by Application
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. MAGNETIC MATERIALS MARKET, KEY COMPANY PROFILES
11.1. ARNOLD MAGNETIC TECHNOLOGIES
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. DAIDO STEEL CO. LTD.
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. DEXTER MAGNETIC TECHNOLOGIES
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. DURA MAGNETICS
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. HITACHI METALS LTD.
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. KAIVEN MAGNET CO.
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. LYNAS CORPORATION LTD.
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. MOLYCORP MAGNEQUENCH
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. SHIN-ETSU CHEMICAL CO. LTD.
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. TDK CORP.
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
The List of Companies
1. Arnold Magnetic Technologies
2. Daido Steel Co. Ltd.
3. Dexter Magnetic Technologies
4. Dura Magnetics
5. Hitachi Metals Ltd.
6. Kaiven Magnet Co.
7. Lynas Corporation Ltd.
8. Molycorp Magnequench
9. Shin-Etsu Chemical Co. Ltd.
10. TDK Corp.
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.