Short Range Servo Motors Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Short Range Servo Motors Market covers analysis By Type (2-phase Hybrid Stepper Motors, 3-phase Hybrid Stepper Motors); Application (Automotive and Transportation, Semiconductor and Electronics, Food Processing, Textile Machines, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00023398
  • Category : Electronics and Semiconductor
  • No. of Pages : 150
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Short Range Servo Motors Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET INTRODUCTION

A servomotor is a rotary or linear actuator that can control angular or linear position, velocity, and acceleration with precision. It is made comprised of an appropriate motor and a position feedback sensor. It also necessitates a complex controller, which is frequently a separate module created exclusively for servomotors. The short range servo motors have application in automotive and transportation, electronics, robotics etc.

MARKET SCOPE

The "Global Short Range servo motors Market Analysis to 2031" is a specialized and in-depth study of the Short range servo motors Market with a special focus on the global market trend analysis. The report aims to provide an overview of short range servo motors market with detailed market segmentation by type and application. The global short range servo motors market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading short range servo motors market player and offers key trends and opportunities in the short range servo motors market.

MARKET SEGMENTATION

  •   Based on type the market is segmented as, 2-phase hybrid stepper motors, 3-phase hybrid stepper motors.
  •   Based on application the market is segmented as, automotive and transportation, semiconductor and electronics, food processing, textile machine and others.

    MARKET DYNAMICS

    Drivers-
  •   Factors such as growing automation across verticals, integration of motion control systems and high adoption of servo motors across verticals are expected to drive market growth.
  •   Growing adoption of international standards for motor efficiency is also expected to fuel the market growth during the forecast period.
  •   Technological advancements in motor systems is also expected to propel the market growth.
    Restraints-
  •   High cost of short range servo motors and availability of alternatives are expected to restrain market growth during the forecast period.

    REGIONAL FRAMEWORK

    The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global short range servo motors market based on various segments. It also provides market size and forecast estimates from 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 short range servo motors market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

    The report analyzes factors affecting short range servo motors Market from both demand and supply side and further evaluates market dynamics effecting 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 effecting the short range servo motors market in these regions.
    IMPACT OF COVID-19 ON SHORT RANGE SERVO MOTORS MARKET
    COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

    World Geography

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    MARKET PLAYERS


    The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global short range servo motors market based on various segments. It also provides market size and forecast estimates from 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 short range servo motors market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

    The report analyzes factors affecting short range servo motors Market from both demand and supply side and further evaluates market dynamics effecting 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 effecting the short range servo motors market in these regions.
    IMPACT OF COVID-19 ON SHORT RANGE SERVO MOTORS MARKET
    COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

    MARKET PLAYERS

    The reports cover key developments in the short range servo motors market 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 expansion of business and customer base of market players. The market players from short range servo motors market are anticipated to lucrative growth opportunities in the future with the rising demand for short range servo motors market. Below mentioned is the list of few companies engaged in the short range servo motors market.

    The report also includes the profiles of key short range servo motors market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

    •   ABB
    •   FANUC CORPORATION
    •   Siemens
    •   Yaskawa America, Inc
    •   Mitsubishi Electric Corporation
    •   Panasonic Corporation of North America
    •   Rockwell Automation, Inc
    •   Emerson Electric Co
    •   TECO Electro Devices Co., Ltd
    •   Moog Inc
    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
    1.3.1 Short Range Servo Motors Market - By Type
    1.3.2 Short Range Servo Motors Market - By Application
    1.3.3 Short Range Servo Motors Market - By Region
    1.3.3.1 By Country

    2. KEY TAKEAWAYS

    3. RESEARCH METHODOLOGY

    4. SHORT RANGE SERVO MOTORS 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. ECOSYSTEM ANALYSIS
    4.4. EXPERT OPINIONS

    5. SHORT RANGE SERVO MOTORS 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. SHORT RANGE SERVO MOTORS MARKET - GLOBAL MARKET ANALYSIS
    6.1. SHORT RANGE SERVO MOTORS - GLOBAL MARKET OVERVIEW
    6.2. SHORT RANGE SERVO MOTORS - GLOBAL MARKET AND FORECAST TO 2028
    6.3. MARKET POSITIONING/MARKET SHARE

    7. SHORT RANGE SERVO MOTORS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
    7.1. OVERVIEW
    7.2. TYPE MARKET FORECASTS AND ANALYSIS
    7.3. 2-PHASE HYBRID STEPPER MOTORS
    7.3.1. Overview
    7.3.2. 2-phase Hybrid Stepper Motors Market Forecast and Analysis
    7.4. 3-PHASE HYBRID STEPPER MOTORS
    7.4.1. Overview
    7.4.2. 3-phase Hybrid Stepper Motors Market Forecast and Analysis
    8. SHORT RANGE SERVO MOTORS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
    8.1. OVERVIEW
    8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
    8.3. AUTOMOTIVE AND TRANSPORTATION
    8.3.1. Overview
    8.3.2. Automotive and Transportation Market Forecast and Analysis
    8.4. SEMICONDUCTOR AND ELECTRONICS
    8.4.1. Overview
    8.4.2. Semiconductor and Electronics Market Forecast and Analysis
    8.5. FOOD PROCESSING
    8.5.1. Overview
    8.5.2. Food Processing Market Forecast and Analysis
    8.6. TEXTILE MACHINES
    8.6.1. Overview
    8.6.2. Textile Machines Market Forecast and Analysis
    8.7. OTHERS
    8.7.1. Overview
    8.7.2. Others Market Forecast and Analysis

    9. SHORT RANGE SERVO MOTORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
    9.1. NORTH AMERICA
    9.1.1 North America Short Range Servo Motors Market Overview
    9.1.2 North America Short Range Servo Motors Market Forecasts and Analysis
    9.1.3 North America Short Range Servo Motors Market Forecasts and Analysis - By Type
    9.1.4 North America Short Range Servo Motors Market Forecasts and Analysis - By Application
    9.1.5 North America Short Range Servo Motors Market Forecasts and Analysis - By Countries
    9.1.5.1 United States Short Range Servo Motors Market
    9.1.5.1.1 United States Short Range Servo Motors Market by Type
    9.1.5.1.2 United States Short Range Servo Motors Market by Application
    9.1.5.2 Canada Short Range Servo Motors Market
    9.1.5.2.1 Canada Short Range Servo Motors Market by Type
    9.1.5.2.2 Canada Short Range Servo Motors Market by Application
    9.1.5.3 Mexico Short Range Servo Motors Market
    9.1.5.3.1 Mexico Short Range Servo Motors Market by Type
    9.1.5.3.2 Mexico Short Range Servo Motors Market by Application
    9.2. EUROPE
    9.2.1 Europe Short Range Servo Motors Market Overview
    9.2.2 Europe Short Range Servo Motors Market Forecasts and Analysis
    9.2.3 Europe Short Range Servo Motors Market Forecasts and Analysis - By Type
    9.2.4 Europe Short Range Servo Motors Market Forecasts and Analysis - By Application
    9.2.5 Europe Short Range Servo Motors Market Forecasts and Analysis - By Countries
    9.2.5.1 Germany Short Range Servo Motors Market
    9.2.5.1.1 Germany Short Range Servo Motors Market by Type
    9.2.5.1.2 Germany Short Range Servo Motors Market by Application
    9.2.5.2 France Short Range Servo Motors Market
    9.2.5.2.1 France Short Range Servo Motors Market by Type
    9.2.5.2.2 France Short Range Servo Motors Market by Application
    9.2.5.3 Italy Short Range Servo Motors Market
    9.2.5.3.1 Italy Short Range Servo Motors Market by Type
    9.2.5.3.2 Italy Short Range Servo Motors Market by Application
    9.2.5.4 United Kingdom Short Range Servo Motors Market
    9.2.5.4.1 United Kingdom Short Range Servo Motors Market by Type
    9.2.5.4.2 United Kingdom Short Range Servo Motors Market by Application
    9.2.5.5 Russia Short Range Servo Motors Market
    9.2.5.5.1 Russia Short Range Servo Motors Market by Type
    9.2.5.5.2 Russia Short Range Servo Motors Market by Application
    9.2.5.6 Rest of Europe Short Range Servo Motors Market
    9.2.5.6.1 Rest of Europe Short Range Servo Motors Market by Type
    9.2.5.6.2 Rest of Europe Short Range Servo Motors Market by Application
    9.3. ASIA-PACIFIC
    9.3.1 Asia-Pacific Short Range Servo Motors Market Overview
    9.3.2 Asia-Pacific Short Range Servo Motors Market Forecasts and Analysis
    9.3.3 Asia-Pacific Short Range Servo Motors Market Forecasts and Analysis - By Type
    9.3.4 Asia-Pacific Short Range Servo Motors Market Forecasts and Analysis - By Application
    9.3.5 Asia-Pacific Short Range Servo Motors Market Forecasts and Analysis - By Countries
    9.3.5.1 Australia Short Range Servo Motors Market
    9.3.5.1.1 Australia Short Range Servo Motors Market by Type
    9.3.5.1.2 Australia Short Range Servo Motors Market by Application
    9.3.5.2 China Short Range Servo Motors Market
    9.3.5.2.1 China Short Range Servo Motors Market by Type
    9.3.5.2.2 China Short Range Servo Motors Market by Application
    9.3.5.3 India Short Range Servo Motors Market
    9.3.5.3.1 India Short Range Servo Motors Market by Type
    9.3.5.3.2 India Short Range Servo Motors Market by Application
    9.3.5.4 Japan Short Range Servo Motors Market
    9.3.5.4.1 Japan Short Range Servo Motors Market by Type
    9.3.5.4.2 Japan Short Range Servo Motors Market by Application
    9.3.5.5 South Korea Short Range Servo Motors Market
    9.3.5.5.1 South Korea Short Range Servo Motors Market by Type
    9.3.5.5.2 South Korea Short Range Servo Motors Market by Application
    9.3.5.6 Rest of Asia-Pacific Short Range Servo Motors Market
    9.3.5.6.1 Rest of Asia-Pacific Short Range Servo Motors Market by Type
    9.3.5.6.2 Rest of Asia-Pacific Short Range Servo Motors Market by Application
    9.4. MIDDLE EAST AND AFRICA
    9.4.1 Middle East and Africa Short Range Servo Motors Market Overview
    9.4.2 Middle East and Africa Short Range Servo Motors Market Forecasts and Analysis
    9.4.3 Middle East and Africa Short Range Servo Motors Market Forecasts and Analysis - By Type
    9.4.4 Middle East and Africa Short Range Servo Motors Market Forecasts and Analysis - By Application
    9.4.5 Middle East and Africa Short Range Servo Motors Market Forecasts and Analysis - By Countries
    9.4.5.1 South Africa Short Range Servo Motors Market
    9.4.5.1.1 South Africa Short Range Servo Motors Market by Type
    9.4.5.1.2 South Africa Short Range Servo Motors Market by Application
    9.4.5.2 Saudi Arabia Short Range Servo Motors Market
    9.4.5.2.1 Saudi Arabia Short Range Servo Motors Market by Type
    9.4.5.2.2 Saudi Arabia Short Range Servo Motors Market by Application
    9.4.5.3 U.A.E Short Range Servo Motors Market
    9.4.5.3.1 U.A.E Short Range Servo Motors Market by Type
    9.4.5.3.2 U.A.E Short Range Servo Motors Market by Application
    9.4.5.4 Rest of Middle East and Africa Short Range Servo Motors Market
    9.4.5.4.1 Rest of Middle East and Africa Short Range Servo Motors Market by Type
    9.4.5.4.2 Rest of Middle East and Africa Short Range Servo Motors Market by Application
    9.5. SOUTH AND CENTRAL AMERICA
    9.5.1 South and Central America Short Range Servo Motors Market Overview
    9.5.2 South and Central America Short Range Servo Motors Market Forecasts and Analysis
    9.5.3 South and Central America Short Range Servo Motors Market Forecasts and Analysis - By Type
    9.5.4 South and Central America Short Range Servo Motors Market Forecasts and Analysis - By Application
    9.5.5 South and Central America Short Range Servo Motors Market Forecasts and Analysis - By Countries
    9.5.5.1 Brazil Short Range Servo Motors Market
    9.5.5.1.1 Brazil Short Range Servo Motors Market by Type
    9.5.5.1.2 Brazil Short Range Servo Motors Market by Application
    9.5.5.2 Argentina Short Range Servo Motors Market
    9.5.5.2.1 Argentina Short Range Servo Motors Market by Type
    9.5.5.2.2 Argentina Short Range Servo Motors Market by Application
    9.5.5.3 Rest of South and Central America Short Range Servo Motors Market
    9.5.5.3.1 Rest of South and Central America Short Range Servo Motors Market by Type
    9.5.5.3.2 Rest of South and Central America Short Range Servo Motors Market by Application

    10. INDUSTRY LANDSCAPE
    10.1. MERGERS AND ACQUISITIONS
    10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
    10.3. NEW PRODUCT LAUNCHES
    10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

    11. SHORT RANGE SERVO MOTORS MARKET, KEY COMPANY PROFILES
    11.1. ABB
    11.1.1. Key Facts
    11.1.2. Business Description
    11.1.3. Products and Services
    11.1.4. Financial Overview
    11.1.5. SWOT Analysis
    11.1.6. Key Developments
    11.2. FANUC CORPORATION
    11.2.1. Key Facts
    11.2.2. Business Description
    11.2.3. Products and Services
    11.2.4. Financial Overview
    11.2.5. SWOT Analysis
    11.2.6. Key Developments
    11.3. SIEMENS
    11.3.1. Key Facts
    11.3.2. Business Description
    11.3.3. Products and Services
    11.3.4. Financial Overview
    11.3.5. SWOT Analysis
    11.3.6. Key Developments
    11.4. YASKAWA AMERICA, INC
    11.4.1. Key Facts
    11.4.2. Business Description
    11.4.3. Products and Services
    11.4.4. Financial Overview
    11.4.5. SWOT Analysis
    11.4.6. Key Developments
    11.5. MITSUBISHI ELECTRIC CORPORATION
    11.5.1. Key Facts
    11.5.2. Business Description
    11.5.3. Products and Services
    11.5.4. Financial Overview
    11.5.5. SWOT Analysis
    11.5.6. Key Developments
    11.6. PANASONIC CORPORATION OF NORTH AMERICA
    11.6.1. Key Facts
    11.6.2. Business Description
    11.6.3. Products and Services
    11.6.4. Financial Overview
    11.6.5. SWOT Analysis
    11.6.6. Key Developments
    11.7. ROCKWELL AUTOMATION, INC
    11.7.1. Key Facts
    11.7.2. Business Description
    11.7.3. Products and Services
    11.7.4. Financial Overview
    11.7.5. SWOT Analysis
    11.7.6. Key Developments
    11.8. EMERSON ELECTRIC CO
    11.8.1. Key Facts
    11.8.2. Business Description
    11.8.3. Products and Services
    11.8.4. Financial Overview
    11.8.5. SWOT Analysis
    11.8.6. Key Developments
    11.9. TECO ELECTRO DEVICES CO., LTD
    11.9.1. Key Facts
    11.9.2. Business Description
    11.9.3. Products and Services
    11.9.4. Financial Overview
    11.9.5. SWOT Analysis
    11.9.6. Key Developments
    11.10. MOOG INC
    11.10.1. Key Facts
    11.10.2. Business Description
    11.10.3. Products and Services
    11.10.4. Financial Overview
    11.10.5. SWOT Analysis
    11.10.6. Key Developments

    12. APPENDIX
    12.1. ABOUT THE INSIGHT PARTNERS
    12.2. GLOSSARY OF TERMS
    The List of Companies

    1. ABB
    2. FANUC CORPORATION
    3. Siemens
    4. Yaskawa America, Inc
    5. Mitsubishi Electric Corporation
    6. Panasonic Corporation of North America
    7. Rockwell Automation, Inc
    8. Emerson Electric Co
    9. TECO Electro Devices Co., Ltd
    10. Moog Inc

    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.

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