Smartphone Display Market Dynamics and Analysis by 2031
The Smartphone Display Market is expected to register a CAGR of 5.2% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Smartphone Display Market report covers analysis by Type, Display Technology, Size, and Resolution. The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Smartphone Display 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.
Smartphone Display Market Segmentation
Type- Capacitive Display
- Resistive Display
- TFT-LCD
- IPS-LCD
- OLED
- AMOLED
- 0"4 Inches
- 4"5 Inches
- 5"6 Inches
- Above 6 Inches
- 720 X 1280
- 1920 X 1080
- Others
Strategic Insights
Smartphone Display Market Growth Drivers- High-Resolution Displays Driving Growth: Better viewing experiences required by consumers have made high-resolution including OLED and AMOLED-indispensable in smartphones, hence encouraging market growth. This demand extends further to include a wider circle of the market, where manufacturers are always under compulsion to embed their products with advanced technologies concerning the display aspect due to changing consumer preferences. High-quality displays significantly ensure competitive advantages and greatly increase customer satisfaction, reports say. PEST analysis indicates that to be competitive in the global market, display resolution must be continuously upgraded. This will create even more incentivization for innovation and expansion.
- 5G and IoT Boosting Display Demand: The emergence of 5G and increased IoT applications is creating a great urge for smartphones to enhance their display capability in handling richer media content. Thus, this driver increases the market size as device manufacturing companies aim at high-performance displays supporting immersive user experiences. Market trends indicate a growing demand for 5G-compatible displays. The increasing penetration of 5G is included among the key determinants of market growth, according to market analysis. This has subsequently pushed manufacturers to begin striving for higher performance in the display segment.
- Bigger, Compact, Foldable Smartphone Displays: The screen size of smartphones is getting bigger while, at the same time, their size in hands is becoming compact. This innovation drives the market, as major brands are investing big time in research and development to be capable of offering foldable display technology. Market analysis shows that such a trend sees an expansion in global market size, further enhancing competitive analysis as companies strive to always be in front of this segment. According to market reports, flexible screens attract premium segments, allowing substantial growth.
- OLED and AMOLED in Premium Markets: while boasting superior color accuracy, contrast, and power efficiency, the displays have been widely adopted in the high-end smartphone display markets. These technologies are being adopted for market strategy by key players to cater to high-end consumers. From SWOT analysis, these displays were a competitive advantage for the brand because market dynamics favored innovative display technology manufacturers. Market forecast data shows that the demand for OLED and AMOLED is likely to increase even further.
- In-Display Fingerprint Sensor Adoption: In-Display Fingerprint Sensors Adoption: In-display fingerprint technology has emerged as one of the main factors in the development of smartphone displays and serves to further enhance the seamless user experience. Because the dynamics of the market are such that leading companies plunge head-first into adopting the technology, a trend emerges that satisfies consumer demand for convenience and security. Market strategy is increasingly shifting toward integrating biometric solutions, which offers a competitive selling proposition. The surging growth will be brought about by the increasing trend of manufacturers implanting safety features in devices, according to market forecast reports.
- Bezel-Less Displays and Immersive Experience: Because customers want to have an edge-to-edge display for an immersive experience. The leading players utilize the design of bezel-less displays as one of the standards that mostly drive the dynamics of the market. SWOT analysis states that companies with high screen-to-body ratio offerings operate on a competitive edge. Furthermore, market forecast data show that this trend will keep being influential, with key players focusing on maximizing display area in their upcoming models.
- Growth Potential in Emerging Markets: The emerging markets of Asia-Pacific, Africa, and Latin America are potential regions for high growth owing to increased smartphone adoption. Industry landscape analysis reflects that more growth opportunities can be found in market share in such regions as consumers upgrade to feature-rich smartphones. As per the market overview data, the expansion of affordable smartphone models with advanced displays in such regions could decide the global market share growth and thereby provide long-term opportunities to the display manufacturers.
- Mobile Gaming and High-Refresh Rates: The recent trend of mobile gaming and online content viewing has developed considerable demand for high refresh rates and high-resolution displays in smartphones. In this respect, the growth prospects are still good in North America and Europe. The market share of displays optimized for gaming and entertainment continues to increase since brands target this set of users. Contemplation of market overview insights shows that capitalizing on this demand would provide a competitive edge to manufacturers and spur the growth of the industry landscape.
- Durability and Protection in Smartphone Display: The consumption of smartphones by end-users is growing, with durability and protection against damage desired as prime features. That creates a good avenue for growth. In regional markets such as North America, Europe, and the Asia-Pacific, consumers have focused much on durability. Market overview data indicate that competitive advantage can be gained by focusing on durable display technologies that include scratch and shatter resistance. This is a good growth opportunity, and it justifies the expansion in the industry landscape according to consumer demand for robust devices.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Smartphone Display 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 Smartphone Display 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.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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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
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Key companies in this market are: Apple Inc, Fujitsu Ltd, Japan Display Inc, LG Electronics Inc, Mitsubishi Electric Corporation, Motorola Inc, SAMSUNG, Sharp Corporation, Sony Corporation
Key future trends in this market are - Rise in smartphone adoption, Increase in demand for high-resolution displays, Advancements in OLED and flexible displays
The Smartphone Display Market is expected to register a CAGR of 5.2% from 2023-2031.
The major factors impacting the Smartphone Display Market are: Increasing Demand for High-Resolution Displays, Rise of 5G and IoT-Connected Devices, and Growing Popularity of Foldable and Flexible Screens
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Smartphone Display Market - By Type
1.3.2Smartphone Display Market - By Display Technology
1.3.3Smartphone Display Market - By Size
1.3.4Smartphone Display Market - By Resolution
1.3.5Smartphone Display Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.SMARTPHONE DISPLAY MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.SMARTPHONE DISPLAY 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.SMARTPHONE DISPLAY MARKET - GLOBAL MARKET ANALYSIS
6.1.SMARTPHONE DISPLAY - GLOBAL MARKET OVERVIEW
6.2.SMARTPHONE DISPLAY - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.SMARTPHONE DISPLAY MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.CAPACITIVE DISPLAY
7.3.1.Overview
7.3.2.Capacitive Display Market Forecast and Analysis
7.4.RESISTIVE DISPLAY
7.4.1.Overview
7.4.2.Resistive Display Market Forecast and Analysis
8.SMARTPHONE DISPLAY MARKET - REVENUE AND FORECASTS TO 2028 " DISPLAY TECHNOLOGY
8.1.OVERVIEW
8.2.DISPLAY TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3.TFT-LCD
8.3.1.Overview
8.3.2.TFT-LCD Market Forecast and Analysis
8.4.IPS-LCD
8.4.1.Overview
8.4.2.IPS-LCD Market Forecast and Analysis
8.5.OLED
8.5.1.Overview
8.5.2.OLED Market Forecast and Analysis
8.6.AMOLED
8.6.1.Overview
8.6.2.AMOLED Market Forecast and Analysis
8.7.OTHERS
8.7.1.Overview
8.7.2.Others Market Forecast and Analysis
9.SMARTPHONE DISPLAY MARKET - REVENUE AND FORECASTS TO 2028 " SIZE
9.1.OVERVIEW
9.2.SIZE MARKET FORECASTS AND ANALYSIS
9.3.0"4 INCHES
9.3.1.Overview
9.3.2.0"4 Inches Market Forecast and Analysis
9.4.4"5 INCHES
9.4.1.Overview
9.4.2.4"5 Inches Market Forecast and Analysis
9.5.5"6 INCHES
9.5.1.Overview
9.5.2.5"6 Inches Market Forecast and Analysis
9.6.ABOVE 6 INCHES
9.6.1.Overview
9.6.2.Above 6 Inches Market Forecast and Analysis
10.SMARTPHONE DISPLAY MARKET - REVENUE AND FORECASTS TO 2028 " RESOLUTION
10.1.OVERVIEW
10.2.RESOLUTION MARKET FORECASTS AND ANALYSIS
10.3.720 X 1280
10.3.1.Overview
10.3.2.720 X 1280 Market Forecast and Analysis
10.4.1920 X 1080
10.4.1.Overview
10.4.2.1920 X 1080 Market Forecast and Analysis
10.5.OTHERS
10.5.1.Overview
10.5.2.Others Market Forecast and Analysis
11.SMARTPHONE DISPLAY MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Smartphone Display Market Overview
11.1.2North America Smartphone Display Market Forecasts and Analysis
11.1.3North America Smartphone Display Market Forecasts and Analysis - By Type
11.1.4North America Smartphone Display Market Forecasts and Analysis - By Display Technology
11.1.5North America Smartphone Display Market Forecasts and Analysis - By Size
11.1.6North America Smartphone Display Market Forecasts and Analysis - By Resolution
11.1.7North America Smartphone Display Market Forecasts and Analysis - By Countries
11.1.7.1United States Smartphone Display Market
11.1.7.1.1United States Smartphone Display Market by Type
11.1.7.1.2United States Smartphone Display Market by Display Technology
11.1.7.1.3United States Smartphone Display Market by Size
11.1.7.1.4United States Smartphone Display Market by Resolution
11.1.7.2Canada Smartphone Display Market
11.1.7.2.1Canada Smartphone Display Market by Type
11.1.7.2.2Canada Smartphone Display Market by Display Technology
11.1.7.2.3Canada Smartphone Display Market by Size
11.1.7.2.4Canada Smartphone Display Market by Resolution
11.1.7.3Mexico Smartphone Display Market
11.1.7.3.1Mexico Smartphone Display Market by Type
11.1.7.3.2Mexico Smartphone Display Market by Display Technology
11.1.7.3.3Mexico Smartphone Display Market by Size
11.1.7.3.4Mexico Smartphone Display Market by Resolution
11.2.EUROPE
11.2.1Europe Smartphone Display Market Overview
11.2.2Europe Smartphone Display Market Forecasts and Analysis
11.2.3Europe Smartphone Display Market Forecasts and Analysis - By Type
11.2.4Europe Smartphone Display Market Forecasts and Analysis - By Display Technology
11.2.5Europe Smartphone Display Market Forecasts and Analysis - By Size
11.2.6Europe Smartphone Display Market Forecasts and Analysis - By Resolution
11.2.7Europe Smartphone Display Market Forecasts and Analysis - By Countries
11.2.7.1Germany Smartphone Display Market
11.2.7.1.1Germany Smartphone Display Market by Type
11.2.7.1.2Germany Smartphone Display Market by Display Technology
11.2.7.1.3Germany Smartphone Display Market by Size
11.2.7.1.4Germany Smartphone Display Market by Resolution
11.2.7.2France Smartphone Display Market
11.2.7.2.1France Smartphone Display Market by Type
11.2.7.2.2France Smartphone Display Market by Display Technology
11.2.7.2.3France Smartphone Display Market by Size
11.2.7.2.4France Smartphone Display Market by Resolution
11.2.7.3Italy Smartphone Display Market
11.2.7.3.1Italy Smartphone Display Market by Type
11.2.7.3.2Italy Smartphone Display Market by Display Technology
11.2.7.3.3Italy Smartphone Display Market by Size
11.2.7.3.4Italy Smartphone Display Market by Resolution
11.2.7.4United Kingdom Smartphone Display Market
11.2.7.4.1United Kingdom Smartphone Display Market by Type
11.2.7.4.2United Kingdom Smartphone Display Market by Display Technology
11.2.7.4.3United Kingdom Smartphone Display Market by Size
11.2.7.4.4United Kingdom Smartphone Display Market by Resolution
11.2.7.5Russia Smartphone Display Market
11.2.7.5.1Russia Smartphone Display Market by Type
11.2.7.5.2Russia Smartphone Display Market by Display Technology
11.2.7.5.3Russia Smartphone Display Market by Size
11.2.7.5.4Russia Smartphone Display Market by Resolution
11.2.7.6Rest of Europe Smartphone Display Market
11.2.7.6.1Rest of Europe Smartphone Display Market by Type
11.2.7.6.2Rest of Europe Smartphone Display Market by Display Technology
11.2.7.6.3Rest of Europe Smartphone Display Market by Size
11.2.7.6.4Rest of Europe Smartphone Display Market by Resolution
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Smartphone Display Market Overview
11.3.2Asia-Pacific Smartphone Display Market Forecasts and Analysis
11.3.3Asia-Pacific Smartphone Display Market Forecasts and Analysis - By Type
11.3.4Asia-Pacific Smartphone Display Market Forecasts and Analysis - By Display Technology
11.3.5Asia-Pacific Smartphone Display Market Forecasts and Analysis - By Size
11.3.6Asia-Pacific Smartphone Display Market Forecasts and Analysis - By Resolution
11.3.7Asia-Pacific Smartphone Display Market Forecasts and Analysis - By Countries
11.3.7.1Australia Smartphone Display Market
11.3.7.1.1Australia Smartphone Display Market by Type
11.3.7.1.2Australia Smartphone Display Market by Display Technology
11.3.7.1.3Australia Smartphone Display Market by Size
11.3.7.1.4Australia Smartphone Display Market by Resolution
11.3.7.2China Smartphone Display Market
11.3.7.2.1China Smartphone Display Market by Type
11.3.7.2.2China Smartphone Display Market by Display Technology
11.3.7.2.3China Smartphone Display Market by Size
11.3.7.2.4China Smartphone Display Market by Resolution
11.3.7.3India Smartphone Display Market
11.3.7.3.1India Smartphone Display Market by Type
11.3.7.3.2India Smartphone Display Market by Display Technology
11.3.7.3.3India Smartphone Display Market by Size
11.3.7.3.4India Smartphone Display Market by Resolution
11.3.7.4Japan Smartphone Display Market
11.3.7.4.1Japan Smartphone Display Market by Type
11.3.7.4.2Japan Smartphone Display Market by Display Technology
11.3.7.4.3Japan Smartphone Display Market by Size
11.3.7.4.4Japan Smartphone Display Market by Resolution
11.3.7.5South Korea Smartphone Display Market
11.3.7.5.1South Korea Smartphone Display Market by Type
11.3.7.5.2South Korea Smartphone Display Market by Display Technology
11.3.7.5.3South Korea Smartphone Display Market by Size
11.3.7.5.4South Korea Smartphone Display Market by Resolution
11.3.7.6Rest of Asia-Pacific Smartphone Display Market
11.3.7.6.1Rest of Asia-Pacific Smartphone Display Market by Type
11.3.7.6.2Rest of Asia-Pacific Smartphone Display Market by Display Technology
11.3.7.6.3Rest of Asia-Pacific Smartphone Display Market by Size
11.3.7.6.4Rest of Asia-Pacific Smartphone Display Market by Resolution
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Smartphone Display Market Overview
11.4.2Middle East and Africa Smartphone Display Market Forecasts and Analysis
11.4.3Middle East and Africa Smartphone Display Market Forecasts and Analysis - By Type
11.4.4Middle East and Africa Smartphone Display Market Forecasts and Analysis - By Display Technology
11.4.5Middle East and Africa Smartphone Display Market Forecasts and Analysis - By Size
11.4.6Middle East and Africa Smartphone Display Market Forecasts and Analysis - By Resolution
11.4.7Middle East and Africa Smartphone Display Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Smartphone Display Market
11.4.7.1.1South Africa Smartphone Display Market by Type
11.4.7.1.2South Africa Smartphone Display Market by Display Technology
11.4.7.1.3South Africa Smartphone Display Market by Size
11.4.7.1.4South Africa Smartphone Display Market by Resolution
11.4.7.2Saudi Arabia Smartphone Display Market
11.4.7.2.1Saudi Arabia Smartphone Display Market by Type
11.4.7.2.2Saudi Arabia Smartphone Display Market by Display Technology
11.4.7.2.3Saudi Arabia Smartphone Display Market by Size
11.4.7.2.4Saudi Arabia Smartphone Display Market by Resolution
11.4.7.3U.A.E Smartphone Display Market
11.4.7.3.1U.A.E Smartphone Display Market by Type
11.4.7.3.2U.A.E Smartphone Display Market by Display Technology
11.4.7.3.3U.A.E Smartphone Display Market by Size
11.4.7.3.4U.A.E Smartphone Display Market by Resolution
11.4.7.4Rest of Middle East and Africa Smartphone Display Market
11.4.7.4.1Rest of Middle East and Africa Smartphone Display Market by Type
11.4.7.4.2Rest of Middle East and Africa Smartphone Display Market by Display Technology
11.4.7.4.3Rest of Middle East and Africa Smartphone Display Market by Size
11.4.7.4.4Rest of Middle East and Africa Smartphone Display Market by Resolution
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Smartphone Display Market Overview
11.5.2South and Central America Smartphone Display Market Forecasts and Analysis
11.5.3South and Central America Smartphone Display Market Forecasts and Analysis - By Type
11.5.4South and Central America Smartphone Display Market Forecasts and Analysis - By Display Technology
11.5.5South and Central America Smartphone Display Market Forecasts and Analysis - By Size
11.5.6South and Central America Smartphone Display Market Forecasts and Analysis - By Resolution
11.5.7South and Central America Smartphone Display Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Smartphone Display Market
11.5.7.1.1Brazil Smartphone Display Market by Type
11.5.7.1.2Brazil Smartphone Display Market by Display Technology
11.5.7.1.3Brazil Smartphone Display Market by Size
11.5.7.1.4Brazil Smartphone Display Market by Resolution
11.5.7.2Argentina Smartphone Display Market
11.5.7.2.1Argentina Smartphone Display Market by Type
11.5.7.2.2Argentina Smartphone Display Market by Display Technology
11.5.7.2.3Argentina Smartphone Display Market by Size
11.5.7.2.4Argentina Smartphone Display Market by Resolution
11.5.7.3Rest of South and Central America Smartphone Display Market
11.5.7.3.1Rest of South and Central America Smartphone Display Market by Type
11.5.7.3.2Rest of South and Central America Smartphone Display Market by Display Technology
11.5.7.3.3Rest of South and Central America Smartphone Display Market by Size
11.5.7.3.4Rest of South and Central America Smartphone Display Market by Resolution
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.SMARTPHONE DISPLAY MARKET, KEY COMPANY PROFILES
13.1.APPLE INC.
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.FUJITSU LTD.
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.JAPAN DISPLAY INC.
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.LG ELECTRONICS INC.
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.MITSUBISHI ELECTRIC CORPORATION
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.MOTOROLA INC.
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.SAMSUNG
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.SHARP CORPORATION
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.SONY 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.TOSHIBA CORPORATION
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. Apple Inc.
2. Fujitsu Ltd.
3. Japan Display Inc.
4. LG Electronics Inc.
5. Mitsubishi Electric Corporation
6. Motorola Inc.
7. SAMSUNG
8. Sharp Corporation
9. Sony Corporation
10. Toshiba Corporation
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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