The Seam Tapes Market is expected to register a CAGR of 6% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The seam tapes market report is segmented by type (single-layered and multi-layered). The market is segmented based on materials (polyurethane, thermoplastic polyurethane, polyamide, and others). The market is segmented based on application (apparel, sportswear, shoes, and others). The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Seam Tapes 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.
Seam Tapes Market Segmentation
Type- Single-Layered and Multi-Layered
- Polyurethane
- Thermoplastic Polyurethane
- Polyamide
- Apparel
- Sportswear
- Shoes
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Seam Tapes Market Growth Drivers- Adoption of waterproof and weatherproof materials in textile industry: The growing adoption of waterproof and weatherproof materials in textile coating for application in the apparel, construction, and automotive industries, among others, presents a positive impact on the seam tapes market. Seam tapes are used in outdoor active wear, in products such as tents and waterproofing membranes, to waterproof the raw edges of the fabric by preventing water ingress through needle holes. With consumers’ improved aspirations to be protected from external conditions, especially for outdoor wear and construction applications, high-performance seam tapes are also in high demand. This is more evident, particularly for outdoor sports equipment and wear, and even construction and building materials, which are required to withstand extreme moisture conditions.
- Activewear market growth: There is an upward trend in the activities of the global apparel market, especially activewear and sportswear outdoorwear, which propels the seam tapes market. Seam tapes are also important to make water-resistant and vapor-permeable garments such as coats, pants, and activewear. With the growth of outdoor sports and leisure activities like walking, snowboarding, or camping, the quality of waterproof and functional clothes is in demand. Apart from these garments, seam tapes play an important role in the construction of these high-performance fabrics, making sure the garments are water-resistant while also lightweight and comfortable for the user.
- Innovative products such as breathable fabrics: Progressive developments in textile technologies have contributed to improvements in the effectiveness and endurance of seam tapes over the years. Among the most sought-after technologies are breathable, elastic, and ultrathin seam tapes in the industries of sportswear and high-altitude gears, where both comfort and durability are essential.
- Focus on using biodegradable materials: Consumers and producers, in general, are giving more consideration to sustainable living than in the past. As more and more people understand the effects of global warming and pollution, there is an upsurge in the use of environmentally friendly goods. For instance, in the case of the seam tapes market, there is a growing tendency to produce tapes that are biodegradable, recyclable, or do not contain harmful substances. For example, producers are trying to find a less harmful or greener design for seam tapes for example, using water-based adhesive instead of solvent-type adhesive, using recyclable or bio-fabricated materials, and more. Therefore, the ongoing global trend of sustainability and the green revolution will have a profound impact on the design of seam tapes in the very near future as an increasing number of market segments will be converted to green technologies.
- Nanotechnology Anticipated to Create New Avenues: One of the most evident and wise trends from the perspectives of nanotechnology and the manufacturing process is the incorporation of electronics into textiles, such as smart fabric and wearable electronics, for the seam tapes market. Considering smart textiles are more and more used, especially in the sporting, healthcare, and even in military clothing fabrics, they will help the seam tapes to be more reinforced and at the same time, functional to the clothing. A seam tape will have to incorporate or be used in conjunction with walls containing conductive fabrics, sensors, and other technology that will be embedded in the textile, resulting in demand for new tape technology specific to electronic textiles. This development is likely to spur creativity in seam tapes, mainly in strange dimensions like flexibility, availability of electrical current, and comfort.
- Growing urbanization in emerging economies: The growing industrialization and urbanization in emerging economies, especially in the Asia-Pacific, Latin America, and Africa region, presents numerous seams tapes market growth opportunities. As these regions grow in the construction, automotive, textiles, and other sectors, the demand for seam tapes for waterproofing, insulation, and sealing applications is high. Moreover, in these regions, the increasing number of the middle-class population is stimulating the demand for outdoor clothing and sports gear, which in return is increasing the seam tapes market size. It is this potential, especially in such regions where certain countries’ economies are beginning to recover, that allows firms to develop and sell ‘tailor-made’ products and solutions - cheaper versions of existing products and different designs for different regions.
- Growing popularity of DIY: The increase in activities such as making things oneself and in-house enhancement, more so now after the Coronavirus crisis, is favorable for seam tape-producing companies. In construction and home renovation projects, when the tapes are laid to connect and cover seams, the tapes are used for waterproofing and sealing roofs, wall systems, window systems, and the like. Due to the increase in the number of customers engaged in house improvement operations and who wish to construct or cover the structures from the outside with moisture and weather-proof materials, the need for such seam tapes will also grow. To capitalize on this segment of the business, manufacturers can make available seam tape products that creatively offer solutions and are also easy to use for the intended purposes by the end users and easily distributed via stores and online platforms.
- Growth of high-performance sportswear brands: The emergence of high-performance sportswear brands, which are aimed at providing more functionality and comfort, durability, and functionality, provides seam tape manufacturers with a great opportunity. The companies that produce waterproof, breathable, and stretchable fabrics used in extreme sports like skiing, surfing and mountaineering are able to perform their best products only by the usage of seam tapes. The growing trend of sports brands going beyond the limits of textile creativity gives an opening for the seam tape manufacturers to engage with such brands on designing tapes, which, in this case will be specifically made of high durability, flex, and comfort. This way, garment manufacturers will enhance their presence and business in this profitable segment of the economy by engaging with well-known outdoor and active-wear apparel manufacturers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Seam Tapes 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 Seam Tapes 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.
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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
Increase in demand for eco-friendly and sustainable products is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the seam tapes market due to the strong growth of the textile industry in the region.
Based on application, the apparel segment is expected to witness the fastest growth during the forecast period.
Growing demand for waterproof and weather-resistant products are driving the market growth.
Adhesive Films Inc, Bemis Associates Inc, DingZing Advanced Materials Inc, E. Textint Corp, Framis Italia S.p.A., Gerlinger Industries GmbH, HiMEL Corp, San Chemicals Ltd, Taiwan Hipster Enterprise Co Ltd, and Sealon are the key players operating in the seam tapes market.
The Seam Tapes Market is estimated to witness a CAGR of 6% from 2023 to 2031
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 Seam Tapes Market - By Type
1.3.2 Seam Tapes Market - By Backing Materials
1.3.3 Seam Tapes Market - By Application
1.3.4 Seam Tapes Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. SEAM TAPES 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. SEAM TAPES 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. SEAM TAPES MARKET - GLOBAL MARKET ANALYSIS
6.1. SEAM TAPES - GLOBAL MARKET OVERVIEW
6.2. SEAM TAPES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SEAM TAPES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SINGLE-LAYERED
7.3.1. Overview
7.3.2. Single-Layered Market Forecast and Analysis
7.4. MULTI-LAYERED
7.4.1. Overview
7.4.2. Multi-Layered Market Forecast and Analysis
8. SEAM TAPES MARKET - REVENUE AND FORECASTS TO 2028 - BACKING MATERIALS
8.1. OVERVIEW
8.2. BACKING MATERIALS MARKET FORECASTS AND ANALYSIS
8.3. POLYURETHANE
8.3.1. Overview
8.3.2. Polyurethane Market Forecast and Analysis
8.4. THERMOPLASTIC POLYURETHANE
8.4.1. Overview
8.4.2. Thermoplastic Polyurethane Market Forecast and Analysis
8.5. POLYAMIDE
8.5.1. Overview
8.5.2. Polyamide Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SEAM TAPES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. INTIMATE APPAREL
9.3.1. Overview
9.3.2. Intimate Apparel Market Forecast and Analysis
9.4. SHOES
9.4.1. Overview
9.4.2. Shoes Market Forecast and Analysis
9.5. SPORTS INNERWEAR
9.5.1. Overview
9.5.2. Sports Innerwear Market Forecast and Analysis
9.6. SPORTSWEAR
9.6.1. Overview
9.6.2. Sportswear Market Forecast and Analysis
9.7. CASUAL APPAREL
9.7.1. Overview
9.7.2. Casual Apparel Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. SEAM TAPES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Seam Tapes Market Overview
10.1.2 North America Seam Tapes Market Forecasts and Analysis
10.1.3 North America Seam Tapes Market Forecasts and Analysis - By Type
10.1.4 North America Seam Tapes Market Forecasts and Analysis - By Backing Materials
10.1.5 North America Seam Tapes Market Forecasts and Analysis - By Application
10.1.6 North America Seam Tapes Market Forecasts and Analysis - By Countries
10.1.6.1 United States Seam Tapes Market
10.1.6.1.1 United States Seam Tapes Market by Type
10.1.6.1.2 United States Seam Tapes Market by Backing Materials
10.1.6.1.3 United States Seam Tapes Market by Application
10.1.6.2 Canada Seam Tapes Market
10.1.6.2.1 Canada Seam Tapes Market by Type
10.1.6.2.2 Canada Seam Tapes Market by Backing Materials
10.1.6.2.3 Canada Seam Tapes Market by Application
10.1.6.3 Mexico Seam Tapes Market
10.1.6.3.1 Mexico Seam Tapes Market by Type
10.1.6.3.2 Mexico Seam Tapes Market by Backing Materials
10.1.6.3.3 Mexico Seam Tapes Market by Application
10.2. EUROPE
10.2.1 Europe Seam Tapes Market Overview
10.2.2 Europe Seam Tapes Market Forecasts and Analysis
10.2.3 Europe Seam Tapes Market Forecasts and Analysis - By Type
10.2.4 Europe Seam Tapes Market Forecasts and Analysis - By Backing Materials
10.2.5 Europe Seam Tapes Market Forecasts and Analysis - By Application
10.2.6 Europe Seam Tapes Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Seam Tapes Market
10.2.6.1.1 Germany Seam Tapes Market by Type
10.2.6.1.2 Germany Seam Tapes Market by Backing Materials
10.2.6.1.3 Germany Seam Tapes Market by Application
10.2.6.2 France Seam Tapes Market
10.2.6.2.1 France Seam Tapes Market by Type
10.2.6.2.2 France Seam Tapes Market by Backing Materials
10.2.6.2.3 France Seam Tapes Market by Application
10.2.6.3 Italy Seam Tapes Market
10.2.6.3.1 Italy Seam Tapes Market by Type
10.2.6.3.2 Italy Seam Tapes Market by Backing Materials
10.2.6.3.3 Italy Seam Tapes Market by Application
10.2.6.4 United Kingdom Seam Tapes Market
10.2.6.4.1 United Kingdom Seam Tapes Market by Type
10.2.6.4.2 United Kingdom Seam Tapes Market by Backing Materials
10.2.6.4.3 United Kingdom Seam Tapes Market by Application
10.2.6.5 Russia Seam Tapes Market
10.2.6.5.1 Russia Seam Tapes Market by Type
10.2.6.5.2 Russia Seam Tapes Market by Backing Materials
10.2.6.5.3 Russia Seam Tapes Market by Application
10.2.6.6 Rest of Europe Seam Tapes Market
10.2.6.6.1 Rest of Europe Seam Tapes Market by Type
10.2.6.6.2 Rest of Europe Seam Tapes Market by Backing Materials
10.2.6.6.3 Rest of Europe Seam Tapes Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Seam Tapes Market Overview
10.3.2 Asia-Pacific Seam Tapes Market Forecasts and Analysis
10.3.3 Asia-Pacific Seam Tapes Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Seam Tapes Market Forecasts and Analysis - By Backing Materials
10.3.5 Asia-Pacific Seam Tapes Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Seam Tapes Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Seam Tapes Market
10.3.6.1.1 Australia Seam Tapes Market by Type
10.3.6.1.2 Australia Seam Tapes Market by Backing Materials
10.3.6.1.3 Australia Seam Tapes Market by Application
10.3.6.2 China Seam Tapes Market
10.3.6.2.1 China Seam Tapes Market by Type
10.3.6.2.2 China Seam Tapes Market by Backing Materials
10.3.6.2.3 China Seam Tapes Market by Application
10.3.6.3 India Seam Tapes Market
10.3.6.3.1 India Seam Tapes Market by Type
10.3.6.3.2 India Seam Tapes Market by Backing Materials
10.3.6.3.3 India Seam Tapes Market by Application
10.3.6.4 Japan Seam Tapes Market
10.3.6.4.1 Japan Seam Tapes Market by Type
10.3.6.4.2 Japan Seam Tapes Market by Backing Materials
10.3.6.4.3 Japan Seam Tapes Market by Application
10.3.6.5 South Korea Seam Tapes Market
10.3.6.5.1 South Korea Seam Tapes Market by Type
10.3.6.5.2 South Korea Seam Tapes Market by Backing Materials
10.3.6.5.3 South Korea Seam Tapes Market by Application
10.3.6.6 Rest of Asia-Pacific Seam Tapes Market
10.3.6.6.1 Rest of Asia-Pacific Seam Tapes Market by Type
10.3.6.6.2 Rest of Asia-Pacific Seam Tapes Market by Backing Materials
10.3.6.6.3 Rest of Asia-Pacific Seam Tapes Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Seam Tapes Market Overview
10.4.2 Middle East and Africa Seam Tapes Market Forecasts and Analysis
10.4.3 Middle East and Africa Seam Tapes Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Seam Tapes Market Forecasts and Analysis - By Backing Materials
10.4.5 Middle East and Africa Seam Tapes Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Seam Tapes Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Seam Tapes Market
10.4.6.1.1 South Africa Seam Tapes Market by Type
10.4.6.1.2 South Africa Seam Tapes Market by Backing Materials
10.4.6.1.3 South Africa Seam Tapes Market by Application
10.4.6.2 Saudi Arabia Seam Tapes Market
10.4.6.2.1 Saudi Arabia Seam Tapes Market by Type
10.4.6.2.2 Saudi Arabia Seam Tapes Market by Backing Materials
10.4.6.2.3 Saudi Arabia Seam Tapes Market by Application
10.4.6.3 U.A.E Seam Tapes Market
10.4.6.3.1 U.A.E Seam Tapes Market by Type
10.4.6.3.2 U.A.E Seam Tapes Market by Backing Materials
10.4.6.3.3 U.A.E Seam Tapes Market by Application
10.4.6.4 Rest of Middle East and Africa Seam Tapes Market
10.4.6.4.1 Rest of Middle East and Africa Seam Tapes Market by Type
10.4.6.4.2 Rest of Middle East and Africa Seam Tapes Market by Backing Materials
10.4.6.4.3 Rest of Middle East and Africa Seam Tapes Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Seam Tapes Market Overview
10.5.2 South and Central America Seam Tapes Market Forecasts and Analysis
10.5.3 South and Central America Seam Tapes Market Forecasts and Analysis - By Type
10.5.4 South and Central America Seam Tapes Market Forecasts and Analysis - By Backing Materials
10.5.5 South and Central America Seam Tapes Market Forecasts and Analysis - By Application
10.5.6 South and Central America Seam Tapes Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Seam Tapes Market
10.5.6.1.1 Brazil Seam Tapes Market by Type
10.5.6.1.2 Brazil Seam Tapes Market by Backing Materials
10.5.6.1.3 Brazil Seam Tapes Market by Application
10.5.6.2 Argentina Seam Tapes Market
10.5.6.2.1 Argentina Seam Tapes Market by Type
10.5.6.2.2 Argentina Seam Tapes Market by Backing Materials
10.5.6.2.3 Argentina Seam Tapes Market by Application
10.5.6.3 Rest of South and Central America Seam Tapes Market
10.5.6.3.1 Rest of South and Central America Seam Tapes Market by Type
10.5.6.3.2 Rest of South and Central America Seam Tapes Market by Backing Materials
10.5.6.3.3 Rest of South and Central America Seam Tapes Market by Application
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. SEAM TAPES MARKET, KEY COMPANY PROFILES
12.1. ADHESIVE FILMS, INC.
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. BEMIS ASSOCIATES INC.
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. DINGZING ADVANCED MATERIALS INC.
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. E. TEXTINT CORP.
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. FRAMIS ITALIA S.P.A.
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. GERLINGER INDUSTRIES GMBH
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. HIMEL CORP.
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. SAN CHEMICALS, LTD.
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
12.9. SEALON
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. TAIWAN HIPSTER ENTERPRISE CO., LTD.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
- Adhesive Films, Inc.
- Bemis Associates Inc.
- DingZing Advanced Materials Inc.
- E. Textint Corp.
- Framis Italia S.p.A.
- Gerlinger Industries GmbH
- HiMEL Corp.
- San Chemicals, Ltd.
- Sealon
- Taiwan Hipster Enterprise Co., Ltd.
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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