Potting Compound Market Strategies and Share 2031
Potting is process in which electronic assembly filled with solid or gelatinous compound. These potting compound specifically applied in electronics and electrical application to provide protection from vibration, shock, and loose wire and exclusion of moisture and corrosive agents. Materials such as epoxy resin, polyurethane resin, silicone resin, etc. are used as potting compound. Potting compounds are applied in various applications such as surface mount packages, beam bonded components, memory devices & microprocessors, capacitors, transformers, cable joints, and others. Curing techniques such as high temperature or thermally cured, UV cured, and room temperature cured, are used for curing in potting process.
MARKET DYNAMICS
The growing demand of potting compound for consumer electronics and transportation applications will drive the demand growth for the potting compound market. Additionally, increasing demand for miniaturization of electronic devices will further imply in the demand growth for the potting compound market. Predominantly, matured electronic and transportation industry in developed economies may hinder the growth for potting compound market. However, increasing demand for potting compound for application like microprocessors and surface mount packaging will create opportunities for the potting compound market.
MARKET SCOPE
The "Potting Compound Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the potting compound market with detailed market segmentation by, type, application, curing technique, end user industry and region. The potting compound market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading potting compound market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The potting compound market is segmented on the basis of type, application, curing technique, and end user industry. On the basis of type, the potting compound market is segmented into epoxy resin, polyurethane resin, silicone resin, polyester system, polyamide. On the basis of application, the potting compound market is segmented into, electronics, electrical. On the basis of curing technique, the potting compound market is segmented into, room temperature cured, high temperature or thermally cured, UV cured. On the basis of end user industry, the potting compound market is segmented into, consumer electronics, transportation, automotive, aviation, marine, energy & power, solar power, others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the potting compound market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Potting compound 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 potting compound market from both demand and supply side and further evaluates market dynamics affecting the market during 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 potting compound market in these regions.
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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
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the potting compound market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Potting compound 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 potting compound market from both demand and supply side and further evaluates market dynamics affecting the market during 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 potting compound market in these regions.
MARKET PLAYERS
The reports cover key developments in the potting compound 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 market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from potting compound market are anticipated to lucrative growth opportunities in the future with the rising demand for potting compound in the global market. Below mentioned is the list of few companies engaged in the potting compound market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the potting compound 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.
- ACC Silicones Ltd.
- Dymax Corporation
- EFI Polymers
- Elantas Beck India Ltd.
- Electrolube
- EPIC Resins
- Henkel AG & Co. KGAA
- Intertronics
- Master Bond Inc.
- MG Chemicals
- 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
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Potting Compound Market - By Type
1.3.2 Potting Compound Market - By Application
1.3.3 Potting Compound Market - By Curing technique
1.3.4 Potting Compound Market - By End User Industry
1.3.5 Potting Compound Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POTTING COMPOUND 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. POTTING COMPOUND 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. POTTING COMPOUND MARKET - GLOBAL MARKET ANALYSIS
6.1. POTTING COMPOUND - GLOBAL MARKET OVERVIEW
6.2. POTTING COMPOUND - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POTTING COMPOUND MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. EPOXY RESIN
7.3.1. Overview
7.3.2. Epoxy Resin Market Forecast and Analysis
7.4. POLYURETHANE RESIN
7.4.1. Overview
7.4.2. Polyurethane Resin Market Forecast and Analysis
7.5. SILICONE RESIN
7.5.1. Overview
7.5.2. Silicone Resin Market Forecast and Analysis
7.6. POLYESTER SYSTEM
7.6.1. Overview
7.6.2. Polyester System Market Forecast and Analysis
7.7. POLYAMIDE
7.7.1. Overview
7.7.2. Polyamide Market Forecast and Analysis
8. POTTING COMPOUND MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ELECTRONICS
8.3.1. Overview
8.3.2. Electronics Market Forecast and Analysis
8.4. ELECTRICAL
8.4.1. Overview
8.4.2. Electrical Market Forecast and Analysis
9. POTTING COMPOUND MARKET - REVENUE AND FORECASTS TO 2028 - CURING TECHNIQUE
9.1. OVERVIEW
9.2. CURING TECHNIQUE MARKET FORECASTS AND ANALYSIS
9.3. ROOM TEMPERATURE CURED
9.3.1. Overview
9.3.2. Room Temperature Cured Market Forecast and Analysis
9.4. HIGH TEMPERATURE OR THERMALLY CURED
9.4.1. Overview
9.4.2. High Temperature Or Thermally Cured Market Forecast and Analysis
9.5. UV CURED
9.5.1. Overview
9.5.2. UV Cured Market Forecast and Analysis
10. POTTING COMPOUND MARKET - REVENUE AND FORECASTS TO 2028 - END USER INDUSTRY
10.1. OVERVIEW
10.2. END USER INDUSTRY MARKET FORECASTS AND ANALYSIS
10.3. CONSUMER ELECTRONICS
10.3.1. Overview
10.3.2. Consumer Electronics Market Forecast and Analysis
10.4. TRANSPORTATION
10.4.1. Overview
10.4.2. Transportation Market Forecast and Analysis
10.5. AUTOMOTIVE
10.5.1. Overview
10.5.2. Automotive Market Forecast and Analysis
10.6. AVIATION
10.6.1. Overview
10.6.2. Aviation Market Forecast and Analysis
10.7. MARINE
10.7.1. Overview
10.7.2. Marine Market Forecast and Analysis
10.8. ENERGY AND POWER
10.8.1. Overview
10.8.2. Energy and Power Market Forecast and Analysis
10.9. SOLAR POWER
10.9.1. Overview
10.9.2. Solar Power Market Forecast and Analysis
10.10. OTHERS
10.10.1. Overview
10.10.2. Others Market Forecast and Analysis
11. POTTING COMPOUND MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Potting Compound Market Overview
11.1.2 North America Potting Compound Market Forecasts and Analysis
11.1.3 North America Potting Compound Market Forecasts and Analysis - By Type
11.1.4 North America Potting Compound Market Forecasts and Analysis - By Application
11.1.5 North America Potting Compound Market Forecasts and Analysis - By Curing technique
11.1.6 North America Potting Compound Market Forecasts and Analysis - By End User Industry
11.1.7 North America Potting Compound Market Forecasts and Analysis - By Countries
11.1.7.1 Canada Potting Compound Market
11.1.7.1.1 Canada Potting Compound Market by Type
11.1.7.1.2 Canada Potting Compound Market by Application
11.1.7.1.3 Canada Potting Compound Market by Curing technique
11.1.7.1.4 Canada Potting Compound Market by End User Industry
11.1.7.2 Mexico Potting Compound Market
11.1.7.2.1 Mexico Potting Compound Market by Type
11.1.7.2.2 Mexico Potting Compound Market by Application
11.1.7.2.3 Mexico Potting Compound Market by Curing technique
11.1.7.2.4 Mexico Potting Compound Market by End User Industry
11.1.7.3 US Potting Compound Market
11.1.7.3.1 US Potting Compound Market by Type
11.1.7.3.2 US Potting Compound Market by Application
11.1.7.3.3 US Potting Compound Market by Curing technique
11.1.7.3.4 US Potting Compound Market by End User Industry
11.2. EUROPE
11.2.1 Europe Potting Compound Market Overview
11.2.2 Europe Potting Compound Market Forecasts and Analysis
11.2.3 Europe Potting Compound Market Forecasts and Analysis - By Type
11.2.4 Europe Potting Compound Market Forecasts and Analysis - By Application
11.2.5 Europe Potting Compound Market Forecasts and Analysis - By Curing technique
11.2.6 Europe Potting Compound Market Forecasts and Analysis - By End User Industry
11.2.7 Europe Potting Compound Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Potting Compound Market
11.2.7.1.1 Germany Potting Compound Market by Type
11.2.7.1.2 Germany Potting Compound Market by Application
11.2.7.1.3 Germany Potting Compound Market by Curing technique
11.2.7.1.4 Germany Potting Compound Market by End User Industry
11.2.7.2 France Potting Compound Market
11.2.7.2.1 France Potting Compound Market by Type
11.2.7.2.2 France Potting Compound Market by Application
11.2.7.2.3 France Potting Compound Market by Curing technique
11.2.7.2.4 France Potting Compound Market by End User Industry
11.2.7.3 Italy Potting Compound Market
11.2.7.3.1 Italy Potting Compound Market by Type
11.2.7.3.2 Italy Potting Compound Market by Application
11.2.7.3.3 Italy Potting Compound Market by Curing technique
11.2.7.3.4 Italy Potting Compound Market by End User Industry
11.2.7.4 United Kingdom Potting Compound Market
11.2.7.4.1 United Kingdom Potting Compound Market by Type
11.2.7.4.2 United Kingdom Potting Compound Market by Application
11.2.7.4.3 United Kingdom Potting Compound Market by Curing technique
11.2.7.4.4 United Kingdom Potting Compound Market by End User Industry
11.2.7.5 Russia Potting Compound Market
11.2.7.5.1 Russia Potting Compound Market by Type
11.2.7.5.2 Russia Potting Compound Market by Application
11.2.7.5.3 Russia Potting Compound Market by Curing technique
11.2.7.5.4 Russia Potting Compound Market by End User Industry
11.2.7.6 Rest of Europe Potting Compound Market
11.2.7.6.1 Rest of Europe Potting Compound Market by Type
11.2.7.6.2 Rest of Europe Potting Compound Market by Application
11.2.7.6.3 Rest of Europe Potting Compound Market by Curing technique
11.2.7.6.4 Rest of Europe Potting Compound Market by End User Industry
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Potting Compound Market Overview
11.3.2 Asia-Pacific Potting Compound Market Forecasts and Analysis
11.3.3 Asia-Pacific Potting Compound Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Potting Compound Market Forecasts and Analysis - By Application
11.3.5 Asia-Pacific Potting Compound Market Forecasts and Analysis - By Curing technique
11.3.6 Asia-Pacific Potting Compound Market Forecasts and Analysis - By End User Industry
11.3.7 Asia-Pacific Potting Compound Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Potting Compound Market
11.3.7.1.1 Australia Potting Compound Market by Type
11.3.7.1.2 Australia Potting Compound Market by Application
11.3.7.1.3 Australia Potting Compound Market by Curing technique
11.3.7.1.4 Australia Potting Compound Market by End User Industry
11.3.7.2 China Potting Compound Market
11.3.7.2.1 China Potting Compound Market by Type
11.3.7.2.2 China Potting Compound Market by Application
11.3.7.2.3 China Potting Compound Market by Curing technique
11.3.7.2.4 China Potting Compound Market by End User Industry
11.3.7.3 India Potting Compound Market
11.3.7.3.1 India Potting Compound Market by Type
11.3.7.3.2 India Potting Compound Market by Application
11.3.7.3.3 India Potting Compound Market by Curing technique
11.3.7.3.4 India Potting Compound Market by End User Industry
11.3.7.4 Japan Potting Compound Market
11.3.7.4.1 Japan Potting Compound Market by Type
11.3.7.4.2 Japan Potting Compound Market by Application
11.3.7.4.3 Japan Potting Compound Market by Curing technique
11.3.7.4.4 Japan Potting Compound Market by End User Industry
11.3.7.5 South Korea Potting Compound Market
11.3.7.5.1 South Korea Potting Compound Market by Type
11.3.7.5.2 South Korea Potting Compound Market by Application
11.3.7.5.3 South Korea Potting Compound Market by Curing technique
11.3.7.5.4 South Korea Potting Compound Market by End User Industry
11.3.7.6 Rest of Asia-Pacific Potting Compound Market
11.3.7.6.1 Rest of Asia-Pacific Potting Compound Market by Type
11.3.7.6.2 Rest of Asia-Pacific Potting Compound Market by Application
11.3.7.6.3 Rest of Asia-Pacific Potting Compound Market by Curing technique
11.3.7.6.4 Rest of Asia-Pacific Potting Compound Market by End User Industry
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Potting Compound Market Overview
11.4.2 Middle East and Africa Potting Compound Market Forecasts and Analysis
11.4.3 Middle East and Africa Potting Compound Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Potting Compound Market Forecasts and Analysis - By Application
11.4.5 Middle East and Africa Potting Compound Market Forecasts and Analysis - By Curing technique
11.4.6 Middle East and Africa Potting Compound Market Forecasts and Analysis - By End User Industry
11.4.7 Middle East and Africa Potting Compound Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Potting Compound Market
11.4.7.1.1 South Africa Potting Compound Market by Type
11.4.7.1.2 South Africa Potting Compound Market by Application
11.4.7.1.3 South Africa Potting Compound Market by Curing technique
11.4.7.1.4 South Africa Potting Compound Market by End User Industry
11.4.7.2 Saudi Arabia Potting Compound Market
11.4.7.2.1 Saudi Arabia Potting Compound Market by Type
11.4.7.2.2 Saudi Arabia Potting Compound Market by Application
11.4.7.2.3 Saudi Arabia Potting Compound Market by Curing technique
11.4.7.2.4 Saudi Arabia Potting Compound Market by End User Industry
11.4.7.3 U.A.E Potting Compound Market
11.4.7.3.1 U.A.E Potting Compound Market by Type
11.4.7.3.2 U.A.E Potting Compound Market by Application
11.4.7.3.3 U.A.E Potting Compound Market by Curing technique
11.4.7.3.4 U.A.E Potting Compound Market by End User Industry
11.4.7.4 Rest of Middle East and Africa Potting Compound Market
11.4.7.4.1 Rest of Middle East and Africa Potting Compound Market by Type
11.4.7.4.2 Rest of Middle East and Africa Potting Compound Market by Application
11.4.7.4.3 Rest of Middle East and Africa Potting Compound Market by Curing technique
11.4.7.4.4 Rest of Middle East and Africa Potting Compound Market by End User Industry
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Potting Compound Market Overview
11.5.2 South and Central America Potting Compound Market Forecasts and Analysis
11.5.3 South and Central America Potting Compound Market Forecasts and Analysis - By Type
11.5.4 South and Central America Potting Compound Market Forecasts and Analysis - By Application
11.5.5 South and Central America Potting Compound Market Forecasts and Analysis - By Curing technique
11.5.6 South and Central America Potting Compound Market Forecasts and Analysis - By End User Industry
11.5.7 South and Central America Potting Compound Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Potting Compound Market
11.5.7.1.1 Brazil Potting Compound Market by Type
11.5.7.1.2 Brazil Potting Compound Market by Application
11.5.7.1.3 Brazil Potting Compound Market by Curing technique
11.5.7.1.4 Brazil Potting Compound Market by End User Industry
11.5.7.2 Argentina Potting Compound Market
11.5.7.2.1 Argentina Potting Compound Market by Type
11.5.7.2.2 Argentina Potting Compound Market by Application
11.5.7.2.3 Argentina Potting Compound Market by Curing technique
11.5.7.2.4 Argentina Potting Compound Market by End User Industry
11.5.7.3 Rest of South and Central America Potting Compound Market
11.5.7.3.1 Rest of South and Central America Potting Compound Market by Type
11.5.7.3.2 Rest of South and Central America Potting Compound Market by Application
11.5.7.3.3 Rest of South and Central America Potting Compound Market by Curing technique
11.5.7.3.4 Rest of South and Central America Potting Compound Market by End User Industry
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. POTTING COMPOUND MARKET, KEY COMPANY PROFILES
13.1. ACC SILICONES LTD.
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. DYMAX CORPORATION
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. EFI POLYMERS
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. ELANTAS BECK INDIA 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. ELECTROLUBE
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. EPIC RESINS
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. HENKEL AG AND CO. KGAA
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. INTERTRONICS
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. MASTER BOND INC.
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. MG CHEMICALS
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.ACC Silicones Ltd.
2.Dymax Corporation
3.EFI Polymers
4.Elantas Beck India Ltd.
5.Electrolube
6.EPIC Resins
7.Henkel AG and Co. KGAA
8.Intertronics
9.Master Bond Inc.
10.MG Chemicals
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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