Piezoelectric Materials Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Piezoelectric Materials Market covers analysis by Product (Ceramics, Polymers, Composites); Application (Actuators, Sensors, Motors, Acoustic Devices, Generators, SONAR, Transducers); End User (Consumer Goods, Automotive) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00013393
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Piezoelectric Materials Market Key Findings by 2031

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MARKET INTRODUCTION

Piezoelectricity is an electric charge that is stored in certain solid materials when mechanical stress is applied. However, when dimensional change is imposed on dielectric, a voltage is created, which is called a direct effect. Also, using an electric field to dielectric results in a dimensional shift, which is called an inverse effect. The materials that exhibit this characteristic are called piezoelectric materials. Some of the examples of piezoelectric elements are quartz, apatite, and aluminum nitride. Furthermore, the materials are used as sensors to measure strain, force, or acceleration and convert them into an electric signal. Also, piezoelectric materials are as ultrasonic transducers for medical applications.

MARKET DYNAMICS

The piezoelectric materials market has witnessed a significant growth due to rising popularity of piezoceramics on account of exhibiting high dielectric constant for the production of electronic goods. Moreover, the rising importance of automation in the manufacturing sector as a tool for increasing efficiency and reducing lead time is expected to promote the usage of actuators and thus will fuel the demand for piezoelectric materials over the forecast period. However, growing demand for substitutes including dielectric and inherently conductive polymers in manufacturing actuators owing to product innovation is projected to hamper the overall growth of the piezoelectric materials market.

MARKET SCOPE

The "Global Piezoelectric Materials Market Analysis to 2031" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the piezoelectric materials market with detailed market segmentation type, application, and geography. The global piezoelectric materials market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading piezoelectric materials market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global piezoelectric materials market is segmented on the basis of product, application and end user. On the basis of product, the global piezoelectric materials market is divided into ceramics, polymers and composites. On the basis of application, the global piezoelectric materials market is divided into actuators, sensors, motors, acoustic devices, generators, SONAR and transducers. On the basis of end user, the market is divided into consumer goods and automotive.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global piezoelectric materials market based on various segments. It also provides marketsize and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The piezoelectric materials market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the piezoelectric materials market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the piezoelectric materials market in these regions.

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global piezoelectric materials market based on various segments. It also provides marketsize and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The piezoelectric materials market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the piezoelectric materials market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the piezoelectric materials market in these regions.

MARKET PLAYERS

The reports cover key developments in the piezoelectric materials market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers from piezoelectric materials market is anticipated to lucrative growth opportunities in the future with the rising demand for piezoelectric materials in the global market. Below mentioned is the list of few companies engaged in the piezoelectric materials market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the piezoelectric materials market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   APC International
  •   CeramTec
  •   CTS CORPORATION
  •   Harris Corporation
  •   Mad City Labs
  •   Morgan Technical Ceramics,
  •   Physik Instrumente (PI) GmbH & Co. KG.
  •   PI Ceramic

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Piezoelectric Materials Market - By Product
1.3.2Piezoelectric Materials Market - By Application
1.3.3Piezoelectric Materials Market - By End User
1.3.4Piezoelectric Materials Market - By Region
1.3.4.1By Country

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.PIEZOELECTRIC MATERIALS 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.EXPERT OPINIONS

5.PIEZOELECTRIC 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.PIEZOELECTRIC MATERIALS MARKET - GLOBAL MARKET ANALYSIS
6.1.PIEZOELECTRIC MATERIALS - GLOBAL MARKET OVERVIEW
6.2.PIEZOELECTRIC MATERIALS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE

7.PIEZOELECTRIC MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1.OVERVIEW
7.2.PRODUCT MARKET FORECASTS AND ANALYSIS
7.3.CERAMICS
7.3.1.Overview
7.3.2.Ceramics Market Forecast and Analysis
7.4.POLYMERS
7.4.1.Overview
7.4.2.Polymers Market Forecast and Analysis
7.5.COMPOSITES
7.5.1.Overview
7.5.2.Composites Market Forecast and Analysis
8.PIEZOELECTRIC MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.ACTUATORS
8.3.1.Overview
8.3.2.Actuators Market Forecast and Analysis
8.4.SENSORS
8.4.1.Overview
8.4.2.Sensors Market Forecast and Analysis
8.5.MOTORS
8.5.1.Overview
8.5.2.Motors Market Forecast and Analysis
8.6.ACOUSTIC DEVICES
8.6.1.Overview
8.6.2.Acoustic Devices Market Forecast and Analysis
8.7.GENERATORS
8.7.1.Overview
8.7.2.Generators Market Forecast and Analysis
8.8.SONAR
8.8.1.Overview
8.8.2.SONAR Market Forecast and Analysis
8.9.TRANSDUCERS
8.9.1.Overview
8.9.2.Transducers Market Forecast and Analysis
9.PIEZOELECTRIC MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1.OVERVIEW
9.2.END USER MARKET FORECASTS AND ANALYSIS
9.3.CONSUMER GOODS
9.3.1.Overview
9.3.2.Consumer Goods Market Forecast and Analysis
9.4.AUTOMOTIVE
9.4.1.Overview
9.4.2.Automotive Market Forecast and Analysis

10.PIEZOELECTRIC MATERIALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Piezoelectric Materials Market Overview
10.1.2North America Piezoelectric Materials Market Forecasts and Analysis
10.1.3North America Piezoelectric Materials Market Forecasts and Analysis - By Product
10.1.4North America Piezoelectric Materials Market Forecasts and Analysis - By Application
10.1.5North America Piezoelectric Materials Market Forecasts and Analysis - By End User
10.1.6North America Piezoelectric Materials Market Forecasts and Analysis - By Countries
10.1.6.1United States Piezoelectric Materials Market
10.1.6.1.1United States Piezoelectric Materials Market by Product
10.1.6.1.2United States Piezoelectric Materials Market by Application
10.1.6.1.3United States Piezoelectric Materials Market by End User
10.1.6.2Canada Piezoelectric Materials Market
10.1.6.2.1Canada Piezoelectric Materials Market by Product
10.1.6.2.2Canada Piezoelectric Materials Market by Application
10.1.6.2.3Canada Piezoelectric Materials Market by End User
10.1.6.3Mexico Piezoelectric Materials Market
10.1.6.3.1Mexico Piezoelectric Materials Market by Product
10.1.6.3.2Mexico Piezoelectric Materials Market by Application
10.1.6.3.3Mexico Piezoelectric Materials Market by End User
10.2.EUROPE
10.2.1Europe Piezoelectric Materials Market Overview
10.2.2Europe Piezoelectric Materials Market Forecasts and Analysis
10.2.3Europe Piezoelectric Materials Market Forecasts and Analysis - By Product
10.2.4Europe Piezoelectric Materials Market Forecasts and Analysis - By Application
10.2.5Europe Piezoelectric Materials Market Forecasts and Analysis - By End User
10.2.6Europe Piezoelectric Materials Market Forecasts and Analysis - By Countries
10.2.6.1Germany Piezoelectric Materials Market
10.2.6.1.1Germany Piezoelectric Materials Market by Product
10.2.6.1.2Germany Piezoelectric Materials Market by Application
10.2.6.1.3Germany Piezoelectric Materials Market by End User
10.2.6.2France Piezoelectric Materials Market
10.2.6.2.1France Piezoelectric Materials Market by Product
10.2.6.2.2France Piezoelectric Materials Market by Application
10.2.6.2.3France Piezoelectric Materials Market by End User
10.2.6.3Italy Piezoelectric Materials Market
10.2.6.3.1Italy Piezoelectric Materials Market by Product
10.2.6.3.2Italy Piezoelectric Materials Market by Application
10.2.6.3.3Italy Piezoelectric Materials Market by End User
10.2.6.4United Kingdom Piezoelectric Materials Market
10.2.6.4.1United Kingdom Piezoelectric Materials Market by Product
10.2.6.4.2United Kingdom Piezoelectric Materials Market by Application
10.2.6.4.3United Kingdom Piezoelectric Materials Market by End User
10.2.6.5Russia Piezoelectric Materials Market
10.2.6.5.1Russia Piezoelectric Materials Market by Product
10.2.6.5.2Russia Piezoelectric Materials Market by Application
10.2.6.5.3Russia Piezoelectric Materials Market by End User
10.2.6.6Rest of Europe Piezoelectric Materials Market
10.2.6.6.1Rest of Europe Piezoelectric Materials Market by Product
10.2.6.6.2Rest of Europe Piezoelectric Materials Market by Application
10.2.6.6.3Rest of Europe Piezoelectric Materials Market by End User
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Piezoelectric Materials Market Overview
10.3.2Asia-Pacific Piezoelectric Materials Market Forecasts and Analysis
10.3.3Asia-Pacific Piezoelectric Materials Market Forecasts and Analysis - By Product
10.3.4Asia-Pacific Piezoelectric Materials Market Forecasts and Analysis - By Application
10.3.5Asia-Pacific Piezoelectric Materials Market Forecasts and Analysis - By End User
10.3.6Asia-Pacific Piezoelectric Materials Market Forecasts and Analysis - By Countries
10.3.6.1Australia Piezoelectric Materials Market
10.3.6.1.1Australia Piezoelectric Materials Market by Product
10.3.6.1.2Australia Piezoelectric Materials Market by Application
10.3.6.1.3Australia Piezoelectric Materials Market by End User
10.3.6.2China Piezoelectric Materials Market
10.3.6.2.1China Piezoelectric Materials Market by Product
10.3.6.2.2China Piezoelectric Materials Market by Application
10.3.6.2.3China Piezoelectric Materials Market by End User
10.3.6.3India Piezoelectric Materials Market
10.3.6.3.1India Piezoelectric Materials Market by Product
10.3.6.3.2India Piezoelectric Materials Market by Application
10.3.6.3.3India Piezoelectric Materials Market by End User
10.3.6.4Japan Piezoelectric Materials Market
10.3.6.4.1Japan Piezoelectric Materials Market by Product
10.3.6.4.2Japan Piezoelectric Materials Market by Application
10.3.6.4.3Japan Piezoelectric Materials Market by End User
10.3.6.5South Korea Piezoelectric Materials Market
10.3.6.5.1South Korea Piezoelectric Materials Market by Product
10.3.6.5.2South Korea Piezoelectric Materials Market by Application
10.3.6.5.3South Korea Piezoelectric Materials Market by End User
10.3.6.6Rest of Asia-Pacific Piezoelectric Materials Market
10.3.6.6.1Rest of Asia-Pacific Piezoelectric Materials Market by Product
10.3.6.6.2Rest of Asia-Pacific Piezoelectric Materials Market by Application
10.3.6.6.3Rest of Asia-Pacific Piezoelectric Materials Market by End User
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Piezoelectric Materials Market Overview
10.4.2Middle East and Africa Piezoelectric Materials Market Forecasts and Analysis
10.4.3Middle East and Africa Piezoelectric Materials Market Forecasts and Analysis - By Product
10.4.4Middle East and Africa Piezoelectric Materials Market Forecasts and Analysis - By Application
10.4.5Middle East and Africa Piezoelectric Materials Market Forecasts and Analysis - By End User
10.4.6Middle East and Africa Piezoelectric Materials Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Piezoelectric Materials Market
10.4.6.1.1South Africa Piezoelectric Materials Market by Product
10.4.6.1.2South Africa Piezoelectric Materials Market by Application
10.4.6.1.3South Africa Piezoelectric Materials Market by End User
10.4.6.2Saudi Arabia Piezoelectric Materials Market
10.4.6.2.1Saudi Arabia Piezoelectric Materials Market by Product
10.4.6.2.2Saudi Arabia Piezoelectric Materials Market by Application
10.4.6.2.3Saudi Arabia Piezoelectric Materials Market by End User
10.4.6.3U.A.E Piezoelectric Materials Market
10.4.6.3.1U.A.E Piezoelectric Materials Market by Product
10.4.6.3.2U.A.E Piezoelectric Materials Market by Application
10.4.6.3.3U.A.E Piezoelectric Materials Market by End User
10.4.6.4Rest of Middle East and Africa Piezoelectric Materials Market
10.4.6.4.1Rest of Middle East and Africa Piezoelectric Materials Market by Product
10.4.6.4.2Rest of Middle East and Africa Piezoelectric Materials Market by Application
10.4.6.4.3Rest of Middle East and Africa Piezoelectric Materials Market by End User
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Piezoelectric Materials Market Overview
10.5.2South and Central America Piezoelectric Materials Market Forecasts and Analysis
10.5.3South and Central America Piezoelectric Materials Market Forecasts and Analysis - By Product
10.5.4South and Central America Piezoelectric Materials Market Forecasts and Analysis - By Application
10.5.5South and Central America Piezoelectric Materials Market Forecasts and Analysis - By End User
10.5.6South and Central America Piezoelectric Materials Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Piezoelectric Materials Market
10.5.6.1.1Brazil Piezoelectric Materials Market by Product
10.5.6.1.2Brazil Piezoelectric Materials Market by Application
10.5.6.1.3Brazil Piezoelectric Materials Market by End User
10.5.6.2Argentina Piezoelectric Materials Market
10.5.6.2.1Argentina Piezoelectric Materials Market by Product
10.5.6.2.2Argentina Piezoelectric Materials Market by Application
10.5.6.2.3Argentina Piezoelectric Materials Market by End User
10.5.6.3Rest of South and Central America Piezoelectric Materials Market
10.5.6.3.1Rest of South and Central America Piezoelectric Materials Market by Product
10.5.6.3.2Rest of South and Central America Piezoelectric Materials Market by Application
10.5.6.3.3Rest of South and Central America Piezoelectric Materials Market by End User

11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12.PIEZOELECTRIC MATERIALS MARKET, KEY COMPANY PROFILES
12.1.APC INTERNATIONAL
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.CERAMTEC
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.CTS CORPORATION
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.HARRIS CORPORATION
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.MAD CITY LABS
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.MORGAN TECHNICAL CERAMICS,
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.PHYSIK INSTRUMENTE (PI) GMBH AND CO. KG.
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.PI CERAMIC
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments

13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
The List of Companies

1. APC International
2. CeramTec
3. CTS CORPORATION
4. Harris Corporation
5. Mad City Labs
6. Morgan Technical Ceramics,
7. Physik Instrumente (PI) GmbH and Co. KG.
8. PI Ceramic

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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