Plant Growth Regulators Market SWOT Analysis by 2031
Analyst Perspective
The global plant growth regulators market is expected to register a CAGR of ~8%. The market for these regulators is growing due to increased demand for higher agricultural productivity. Farmers use PRGs to manage plant growth, improve crop quality, and increase yield. The market is boosted by their adoption in horticulture, floriculture, and turf management. Factors like population growth, changing diets, and the need for sustainable agriculture contribute to the market's growth, making it a promising sector with the rising demand for food and efficient farming practices. The stringent regulatory framework, limited awareness, and alternative competition are significant factors that may hamper plant regulators' market growth. Growing demand for organic food, Technological advancements, and increasing investments are significant opportunities for the growth of the plant regulators market.
Market Overview
Plant growth regulators, also known as plant hormones, are chemical substances that control various aspects of plant growth. They impact seed germination, root and shoot growth, flowering, and fruit ripening. The overuse of chemical pesticides has led to the development of resistance in many pests and insects. Plant growth regulators can be a more sustainable alternative to pesticides, helping control pests without harming the environment. Biotechnology is being used to develop new plant growth regulators that are more effective and efficient, which is expected to drive the growth of the market for plant growth regulators in the forecasted period.
Market Drivers
- Increasing demand for high-quality crops and agricultural productivity increased demand for plant growth regulators as they help improve crop yields and quality.
- Precision farming uses technology to collect and analyze data about crops and soil conditions, allowing farmers to apply fertilizers, pesticides, and plant growth regulators. This led to increased efficiency and profitability for farmers and reduced environmental impact.
- Consumers are increasingly concerned about the environmental impact of food production. Plant growth regulators can be used to promote sustainable agriculture by reducing the need for chemical fertilizers and pesticides, improving soil health, and conserving water.
Market Segmentation
The global plant growth regulators market is segmented based on type, crop type, function, and mode of application. The plant growth regulators market is segmented based on type into cytokinin, auxins, gibberellins, and ethylene. The plant growth regulators market is segmented based on crop type into cereals and grains, oilseeds and pulses, fruits and vegetables, and turf and ornamentals. The plant growth regulators market is segmented based on function into plant growth promoters and inhibitors. Based on the mode of application, it is segmented into fertigation and foliar.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global plant growth regulators market-based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The plant growth regulators market by region is also sub-segmented by respective countries and segments. The plant growth regulators market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the plant growth regulators market, both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting these regions' plant growth regulators market.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the plant growth regulators market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The market players in the plant growth regulators market are estimated to have lucrative growth opportunities with the increasing demand for high-quality crops in the global market.
The report includes key companies' profiles, SWOT analysis, and plant growth regulators' market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the plant growth regulators market.
- ADAMA Ltd
- Arysta Lifescience
- BASF SE
- Bayer CropScience
- Rainbow Ecoscience
- FMC Corporation
- Nufarm
- Syngenta
- Valent Bioscience
- Fine Americas
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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.
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 Plant Growth Regulators Market - By Type
1.3.2 Plant Growth Regulators Market - By Crop Type
1.3.3 Plant Growth Regulators Market - By Function
1.3.4 Plant Growth Regulators Market - By Mode of Application
1.3.5 Plant Growth Regulators Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PLANT GROWTH REGULATORS 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. EXPERT OPINIONS
5. PLANT GROWTH REGULATORS 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. PLANT GROWTH REGULATORS MARKET - GLOBAL MARKET ANALYSIS
6.1. PLANT GROWTH REGULATORS - GLOBAL MARKET OVERVIEW
6.2. PLANT GROWTH REGULATORS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PLANT GROWTH REGULATORS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CYTOKININ
7.3.1. Overview
7.3.2. Cytokinin Market Forecast and Analysis
7.4. AUXINS
7.4.1. Overview
7.4.2. Auxins Market Forecast and Analysis
7.5. GIBBERELLINS
7.5.1. Overview
7.5.2. Gibberellins Market Forecast and Analysis
7.6. ETHYLENE
7.6.1. Overview
7.6.2. Ethylene Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. PLANT GROWTH REGULATORS MARKET - REVENUE AND FORECASTS TO 2028 - CROP TYPE
8.1. OVERVIEW
8.2. CROP TYPE MARKET FORECASTS AND ANALYSIS
8.3. CEREALS AND GRAINS
8.3.1. Overview
8.3.2. Cereals and Grains Market Forecast and Analysis
8.4. OILSEEDS AND PULSES
8.4.1. Overview
8.4.2. Oilseeds and Pulses Market Forecast and Analysis
8.5. FRUITS AND VEGETABLES
8.5.1. Overview
8.5.2. Fruits and Vegetables Market Forecast and Analysis
8.6. TURF AND ORNAMENTALS
8.6.1. Overview
8.6.2. Turf and Ornamentals Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. PLANT GROWTH REGULATORS MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
9.1. OVERVIEW
9.2. FUNCTION MARKET FORECASTS AND ANALYSIS
9.3. PLANT GROWTH PROMOTERS
9.3.1. Overview
9.3.2. Plant Growth Promoters Market Forecast and Analysis
9.4. PLANT GROWTH INHIBITORS
9.4.1. Overview
9.4.2. Plant Growth Inhibitors Market Forecast and Analysis
10. PLANT GROWTH REGULATORS MARKET - REVENUE AND FORECASTS TO 2028 - MODE OF APPLICATION
10.1. OVERVIEW
10.2. MODE OF APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. FERTIGATION
10.3.1. Overview
10.3.2. Fertigation Market Forecast and Analysis
10.4. FOLIAR
10.4.1. Overview
10.4.2. Foliar Market Forecast and Analysis
11. PLANT GROWTH REGULATORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Plant Growth Regulators Market Overview
11.1.2 North America Plant Growth Regulators Market Forecasts and Analysis
11.1.3 North America Plant Growth Regulators Market Forecasts and Analysis - By Type
11.1.4 North America Plant Growth Regulators Market Forecasts and Analysis - By Crop Type
11.1.5 North America Plant Growth Regulators Market Forecasts and Analysis - By Function
11.1.6 North America Plant Growth Regulators Market Forecasts and Analysis - By Mode of Application
11.1.7 North America Plant Growth Regulators Market Forecasts and Analysis - By Countries
11.1.7.1 United States Plant Growth Regulators Market
11.1.7.1.1 United States Plant Growth Regulators Market by Type
11.1.7.1.2 United States Plant Growth Regulators Market by Crop Type
11.1.7.1.3 United States Plant Growth Regulators Market by Function
11.1.7.1.4 United States Plant Growth Regulators Market by Mode of Application
11.1.7.2 Canada Plant Growth Regulators Market
11.1.7.2.1 Canada Plant Growth Regulators Market by Type
11.1.7.2.2 Canada Plant Growth Regulators Market by Crop Type
11.1.7.2.3 Canada Plant Growth Regulators Market by Function
11.1.7.2.4 Canada Plant Growth Regulators Market by Mode of Application
11.1.7.3 Mexico Plant Growth Regulators Market
11.1.7.3.1 Mexico Plant Growth Regulators Market by Type
11.1.7.3.2 Mexico Plant Growth Regulators Market by Crop Type
11.1.7.3.3 Mexico Plant Growth Regulators Market by Function
11.1.7.3.4 Mexico Plant Growth Regulators Market by Mode of Application
11.2. EUROPE
11.2.1 Europe Plant Growth Regulators Market Overview
11.2.2 Europe Plant Growth Regulators Market Forecasts and Analysis
11.2.3 Europe Plant Growth Regulators Market Forecasts and Analysis - By Type
11.2.4 Europe Plant Growth Regulators Market Forecasts and Analysis - By Crop Type
11.2.5 Europe Plant Growth Regulators Market Forecasts and Analysis - By Function
11.2.6 Europe Plant Growth Regulators Market Forecasts and Analysis - By Mode of Application
11.2.7 Europe Plant Growth Regulators Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Plant Growth Regulators Market
11.2.7.1.1 Germany Plant Growth Regulators Market by Type
11.2.7.1.2 Germany Plant Growth Regulators Market by Crop Type
11.2.7.1.3 Germany Plant Growth Regulators Market by Function
11.2.7.1.4 Germany Plant Growth Regulators Market by Mode of Application
11.2.7.2 France Plant Growth Regulators Market
11.2.7.2.1 France Plant Growth Regulators Market by Type
11.2.7.2.2 France Plant Growth Regulators Market by Crop Type
11.2.7.2.3 France Plant Growth Regulators Market by Function
11.2.7.2.4 France Plant Growth Regulators Market by Mode of Application
11.2.7.3 Italy Plant Growth Regulators Market
11.2.7.3.1 Italy Plant Growth Regulators Market by Type
11.2.7.3.2 Italy Plant Growth Regulators Market by Crop Type
11.2.7.3.3 Italy Plant Growth Regulators Market by Function
11.2.7.3.4 Italy Plant Growth Regulators Market by Mode of Application
11.2.7.4 United Kingdom Plant Growth Regulators Market
11.2.7.4.1 United Kingdom Plant Growth Regulators Market by Type
11.2.7.4.2 United Kingdom Plant Growth Regulators Market by Crop Type
11.2.7.4.3 United Kingdom Plant Growth Regulators Market by Function
11.2.7.4.4 United Kingdom Plant Growth Regulators Market by Mode of Application
11.2.7.5 Russia Plant Growth Regulators Market
11.2.7.5.1 Russia Plant Growth Regulators Market by Type
11.2.7.5.2 Russia Plant Growth Regulators Market by Crop Type
11.2.7.5.3 Russia Plant Growth Regulators Market by Function
11.2.7.5.4 Russia Plant Growth Regulators Market by Mode of Application
11.2.7.6 Rest of Europe Plant Growth Regulators Market
11.2.7.6.1 Rest of Europe Plant Growth Regulators Market by Type
11.2.7.6.2 Rest of Europe Plant Growth Regulators Market by Crop Type
11.2.7.6.3 Rest of Europe Plant Growth Regulators Market by Function
11.2.7.6.4 Rest of Europe Plant Growth Regulators Market by Mode of Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Plant Growth Regulators Market Overview
11.3.2 Asia-Pacific Plant Growth Regulators Market Forecasts and Analysis
11.3.3 Asia-Pacific Plant Growth Regulators Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Plant Growth Regulators Market Forecasts and Analysis - By Crop Type
11.3.5 Asia-Pacific Plant Growth Regulators Market Forecasts and Analysis - By Function
11.3.6 Asia-Pacific Plant Growth Regulators Market Forecasts and Analysis - By Mode of Application
11.3.7 Asia-Pacific Plant Growth Regulators Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Plant Growth Regulators Market
11.3.7.1.1 Australia Plant Growth Regulators Market by Type
11.3.7.1.2 Australia Plant Growth Regulators Market by Crop Type
11.3.7.1.3 Australia Plant Growth Regulators Market by Function
11.3.7.1.4 Australia Plant Growth Regulators Market by Mode of Application
11.3.7.2 China Plant Growth Regulators Market
11.3.7.2.1 China Plant Growth Regulators Market by Type
11.3.7.2.2 China Plant Growth Regulators Market by Crop Type
11.3.7.2.3 China Plant Growth Regulators Market by Function
11.3.7.2.4 China Plant Growth Regulators Market by Mode of Application
11.3.7.3 India Plant Growth Regulators Market
11.3.7.3.1 India Plant Growth Regulators Market by Type
11.3.7.3.2 India Plant Growth Regulators Market by Crop Type
11.3.7.3.3 India Plant Growth Regulators Market by Function
11.3.7.3.4 India Plant Growth Regulators Market by Mode of Application
11.3.7.4 Japan Plant Growth Regulators Market
11.3.7.4.1 Japan Plant Growth Regulators Market by Type
11.3.7.4.2 Japan Plant Growth Regulators Market by Crop Type
11.3.7.4.3 Japan Plant Growth Regulators Market by Function
11.3.7.4.4 Japan Plant Growth Regulators Market by Mode of Application
11.3.7.5 South Korea Plant Growth Regulators Market
11.3.7.5.1 South Korea Plant Growth Regulators Market by Type
11.3.7.5.2 South Korea Plant Growth Regulators Market by Crop Type
11.3.7.5.3 South Korea Plant Growth Regulators Market by Function
11.3.7.5.4 South Korea Plant Growth Regulators Market by Mode of Application
11.3.7.6 Rest of Asia-Pacific Plant Growth Regulators Market
11.3.7.6.1 Rest of Asia-Pacific Plant Growth Regulators Market by Type
11.3.7.6.2 Rest of Asia-Pacific Plant Growth Regulators Market by Crop Type
11.3.7.6.3 Rest of Asia-Pacific Plant Growth Regulators Market by Function
11.3.7.6.4 Rest of Asia-Pacific Plant Growth Regulators Market by Mode of Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Plant Growth Regulators Market Overview
11.4.2 Middle East and Africa Plant Growth Regulators Market Forecasts and Analysis
11.4.3 Middle East and Africa Plant Growth Regulators Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Plant Growth Regulators Market Forecasts and Analysis - By Crop Type
11.4.5 Middle East and Africa Plant Growth Regulators Market Forecasts and Analysis - By Function
11.4.6 Middle East and Africa Plant Growth Regulators Market Forecasts and Analysis - By Mode of Application
11.4.7 Middle East and Africa Plant Growth Regulators Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Plant Growth Regulators Market
11.4.7.1.1 South Africa Plant Growth Regulators Market by Type
11.4.7.1.2 South Africa Plant Growth Regulators Market by Crop Type
11.4.7.1.3 South Africa Plant Growth Regulators Market by Function
11.4.7.1.4 South Africa Plant Growth Regulators Market by Mode of Application
11.4.7.2 Saudi Arabia Plant Growth Regulators Market
11.4.7.2.1 Saudi Arabia Plant Growth Regulators Market by Type
11.4.7.2.2 Saudi Arabia Plant Growth Regulators Market by Crop Type
11.4.7.2.3 Saudi Arabia Plant Growth Regulators Market by Function
11.4.7.2.4 Saudi Arabia Plant Growth Regulators Market by Mode of Application
11.4.7.3 U.A.E Plant Growth Regulators Market
11.4.7.3.1 U.A.E Plant Growth Regulators Market by Type
11.4.7.3.2 U.A.E Plant Growth Regulators Market by Crop Type
11.4.7.3.3 U.A.E Plant Growth Regulators Market by Function
11.4.7.3.4 U.A.E Plant Growth Regulators Market by Mode of Application
11.4.7.4 Iran Plant Growth Regulators Market
11.4.7.4.1 Iran Plant Growth Regulators Market by Type
11.4.7.4.2 Iran Plant Growth Regulators Market by Crop Type
11.4.7.4.3 Iran Plant Growth Regulators Market by Function
11.4.7.4.4 Iran Plant Growth Regulators Market by Mode of Application
11.4.7.5 Rest of Middle East and Africa Plant Growth Regulators Market
11.4.7.5.1 Rest of Middle East and Africa Plant Growth Regulators Market by Type
11.4.7.5.2 Rest of Middle East and Africa Plant Growth Regulators Market by Crop Type
11.4.7.5.3 Rest of Middle East and Africa Plant Growth Regulators Market by Function
11.4.7.5.4 Rest of Middle East and Africa Plant Growth Regulators Market by Mode of Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Plant Growth Regulators Market Overview
11.5.2 South and Central America Plant Growth Regulators Market Forecasts and Analysis
11.5.3 South and Central America Plant Growth Regulators Market Forecasts and Analysis - By Type
11.5.4 South and Central America Plant Growth Regulators Market Forecasts and Analysis - By Crop Type
11.5.5 South and Central America Plant Growth Regulators Market Forecasts and Analysis - By Function
11.5.6 South and Central America Plant Growth Regulators Market Forecasts and Analysis - By Mode of Application
11.5.7 South and Central America Plant Growth Regulators Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Plant Growth Regulators Market
11.5.7.1.1 Brazil Plant Growth Regulators Market by Type
11.5.7.1.2 Brazil Plant Growth Regulators Market by Crop Type
11.5.7.1.3 Brazil Plant Growth Regulators Market by Function
11.5.7.1.4 Brazil Plant Growth Regulators Market by Mode of Application
11.5.7.2 Argentina Plant Growth Regulators Market
11.5.7.2.1 Argentina Plant Growth Regulators Market by Type
11.5.7.2.2 Argentina Plant Growth Regulators Market by Crop Type
11.5.7.2.3 Argentina Plant Growth Regulators Market by Function
11.5.7.2.4 Argentina Plant Growth Regulators Market by Mode of Application
11.5.7.3 Rest of South and Central America Plant Growth Regulators Market
11.5.7.3.1 Rest of South and Central America Plant Growth Regulators Market by Type
11.5.7.3.2 Rest of South and Central America Plant Growth Regulators Market by Crop Type
11.5.7.3.3 Rest of South and Central America Plant Growth Regulators Market by Function
11.5.7.3.4 Rest of South and Central America Plant Growth Regulators Market by Mode of Application
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. PLANT GROWTH REGULATORS MARKET, KEY COMPANY PROFILES
13.1. ADAMA
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. ARYSTA LIFESCIENCE
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. BASF SE
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. BAYER CROPSCIENCE
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. RAINBOW TREECARE
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. FMC 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. NUFARM
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. SYNGENTA AG
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. VALENT BIOSCIENCES 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. FINE AMERICAS, INC.
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
The List of Companies
1. ADAMA
2. ARYSTA LIFESCIENCE
3. BASF SE
4. BAYER CROPSCIENCE
5. Rainbow Treecare
6. FMC CORPORATION
7. NUFARM
8. SYNGENTA AG
9. Valent BioSciences Corporation
10. Fine Americas, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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