Solder Balls Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Solder Balls Market covers analysis By Alloy Type (Lead Solder Balls, Lead Free Solder Balls); Solder Type (Eutectic, Non-Eutectic); Application (Ball Grid Array (BGA), Chip Scale Package (CSP), Flip Chip, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00022242
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Solder Balls Market Key Findings by 2031

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MARKET INTRODUCTION

Solder balls are utilized to connect the chip packages with a printed circuit board or PCB. They are further referred to as solder spheres or solder bumps owing to their geometry. Solder balls are considered an essential part of most consumer electronics produced from sequential quench and reflow processes. They are usually of two types, such as lead solder balls as well as lead-free solder balls. These can be further positioned manually or via automated devices and are frequently held in position with a tacky flux. These solder balls are extensively employed in the electronics industry, packaging industry, and also in the automotive industry.

MARKET DYNAMICS

The solder balls market has witnessed significant growth owing to factors such as wider application in a ball grid array (BGA), flip-chip, chip-scale package (CSP), and others. The increasing demand for many electronic devices like computers, smartphones, and others also rising demand mainly for ball grid array packaging technology, along with rapid progress in the manufacturing of semiconductors, is anticipated to fuel the growth of the Solder Balls Market. Moreover, the ascending trend of smaller mobile electronic products at the global level is likely to drive the demand for the market over the forecast period. However, the availability of substitute products such as solder paste, as well as the defect that may occur in the SMT assembly process, may hamper the growth of the solder balls market. Nevertheless, with the steady growth in the electronic industry and chemical industry, there are opportunities for the key market players to invest in this market.

MARKET SCOPE

The "Global Solder Balls 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 solder balls market with detailed market segmentation by alloy type, solder type, application, and geography. The global solder balls market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading solder balls market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global solder balls market is segmented on the basis of alloy type, solder type, application. The solder balls market on the basis of the alloy type is classified into lead solder balls and lead-free solder balls. Based on solder type, the solder balls market is segmented into eutectic and non-eutectic. Based on application, the solder balls market is segmented into ball grid array (BGA), chip scale package (CSP), flip chip, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global solder balls 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 solder balls 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 solder balls 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 solder balls market in these regions.

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 an overview and forecast of the global solder balls 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 solder balls 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 solder balls 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 solder balls market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global solder balls market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the 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 solder balls market are anticipated to lucrative growth opportunities in the future with the rising demand for solder balls in the global market. Below mentioned is the list of few companies engaged in the solder balls market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the solder balls 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.

  •   APLINQ Corporation
  •   DUKSAN group
  •   Hitachi Metals Nanotech Co., Ltd.
  •   Indium Corporation
  •   Jovy Systems
  •   Nathan Trotter and Co. Inc.
  •   Nippon Micrometal Corporation
  •   Profound Material Technology Co., Ltd.
  •   Senju Metal Industry Co., Ltd.
  •   Others

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 Solder Balls Market - By Alloy Type
1.3.2 Solder Balls Market - By Solder Type
1.3.3 Solder Balls Market - By Application
1.3.4 Solder Balls Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. SOLDER BALLS 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. SOLDER BALLS 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. SOLDER BALLS MARKET - GLOBAL MARKET ANALYSIS
6.1. SOLDER BALLS - GLOBAL MARKET OVERVIEW
6.2. SOLDER BALLS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. SOLDER BALLS MARKET - REVENUE AND FORECASTS TO 2028 - ALLOY TYPE
7.1. OVERVIEW
7.2. ALLOY TYPE MARKET FORECASTS AND ANALYSIS
7.3. LEAD SOLDER BALLS
7.3.1. Overview
7.3.2. Lead Solder Balls Market Forecast and Analysis
7.4. LEAD FREE SOLDER BALLS
7.4.1. Overview
7.4.2. Lead Free Solder Balls Market Forecast and Analysis
8. SOLDER BALLS MARKET - REVENUE AND FORECASTS TO 2028 - SOLDER TYPE
8.1. OVERVIEW
8.2. SOLDER TYPE MARKET FORECASTS AND ANALYSIS
8.3. EUTECTIC
8.3.1. Overview
8.3.2. Eutectic Market Forecast and Analysis
8.4. NON-EUTECTIC
8.4.1. Overview
8.4.2. Non-Eutectic Market Forecast and Analysis
9. SOLDER BALLS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. BALL GRID ARRAY (BGA)
9.3.1. Overview
9.3.2. Ball Grid Array (BGA) Market Forecast and Analysis
9.4. CHIP SCALE PACKAGE (CSP)
9.4.1. Overview
9.4.2. Chip Scale Package (CSP) Market Forecast and Analysis
9.5. FLIP CHIP
9.5.1. Overview
9.5.2. Flip Chip Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis

10. SOLDER BALLS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Solder Balls Market Overview
10.1.2 North America Solder Balls Market Forecasts and Analysis
10.1.3 North America Solder Balls Market Forecasts and Analysis - By Alloy Type
10.1.4 North America Solder Balls Market Forecasts and Analysis - By Solder Type
10.1.5 North America Solder Balls Market Forecasts and Analysis - By Application
10.1.6 North America Solder Balls Market Forecasts and Analysis - By Countries
10.1.6.1 United States Solder Balls Market
10.1.6.1.1 United States Solder Balls Market by Alloy Type
10.1.6.1.2 United States Solder Balls Market by Solder Type
10.1.6.1.3 United States Solder Balls Market by Application
10.1.6.2 Canada Solder Balls Market
10.1.6.2.1 Canada Solder Balls Market by Alloy Type
10.1.6.2.2 Canada Solder Balls Market by Solder Type
10.1.6.2.3 Canada Solder Balls Market by Application
10.1.6.3 Mexico Solder Balls Market
10.1.6.3.1 Mexico Solder Balls Market by Alloy Type
10.1.6.3.2 Mexico Solder Balls Market by Solder Type
10.1.6.3.3 Mexico Solder Balls Market by Application
10.2. EUROPE
10.2.1 Europe Solder Balls Market Overview
10.2.2 Europe Solder Balls Market Forecasts and Analysis
10.2.3 Europe Solder Balls Market Forecasts and Analysis - By Alloy Type
10.2.4 Europe Solder Balls Market Forecasts and Analysis - By Solder Type
10.2.5 Europe Solder Balls Market Forecasts and Analysis - By Application
10.2.6 Europe Solder Balls Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Solder Balls Market
10.2.6.1.1 Germany Solder Balls Market by Alloy Type
10.2.6.1.2 Germany Solder Balls Market by Solder Type
10.2.6.1.3 Germany Solder Balls Market by Application
10.2.6.2 France Solder Balls Market
10.2.6.2.1 France Solder Balls Market by Alloy Type
10.2.6.2.2 France Solder Balls Market by Solder Type
10.2.6.2.3 France Solder Balls Market by Application
10.2.6.3 Italy Solder Balls Market
10.2.6.3.1 Italy Solder Balls Market by Alloy Type
10.2.6.3.2 Italy Solder Balls Market by Solder Type
10.2.6.3.3 Italy Solder Balls Market by Application
10.2.6.4 United Kingdom Solder Balls Market
10.2.6.4.1 United Kingdom Solder Balls Market by Alloy Type
10.2.6.4.2 United Kingdom Solder Balls Market by Solder Type
10.2.6.4.3 United Kingdom Solder Balls Market by Application
10.2.6.5 Russia Solder Balls Market
10.2.6.5.1 Russia Solder Balls Market by Alloy Type
10.2.6.5.2 Russia Solder Balls Market by Solder Type
10.2.6.5.3 Russia Solder Balls Market by Application
10.2.6.6 Rest of Europe Solder Balls Market
10.2.6.6.1 Rest of Europe Solder Balls Market by Alloy Type
10.2.6.6.2 Rest of Europe Solder Balls Market by Solder Type
10.2.6.6.3 Rest of Europe Solder Balls Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Solder Balls Market Overview
10.3.2 Asia-Pacific Solder Balls Market Forecasts and Analysis
10.3.3 Asia-Pacific Solder Balls Market Forecasts and Analysis - By Alloy Type
10.3.4 Asia-Pacific Solder Balls Market Forecasts and Analysis - By Solder Type
10.3.5 Asia-Pacific Solder Balls Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Solder Balls Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Solder Balls Market
10.3.6.1.1 Australia Solder Balls Market by Alloy Type
10.3.6.1.2 Australia Solder Balls Market by Solder Type
10.3.6.1.3 Australia Solder Balls Market by Application
10.3.6.2 China Solder Balls Market
10.3.6.2.1 China Solder Balls Market by Alloy Type
10.3.6.2.2 China Solder Balls Market by Solder Type
10.3.6.2.3 China Solder Balls Market by Application
10.3.6.3 India Solder Balls Market
10.3.6.3.1 India Solder Balls Market by Alloy Type
10.3.6.3.2 India Solder Balls Market by Solder Type
10.3.6.3.3 India Solder Balls Market by Application
10.3.6.4 Japan Solder Balls Market
10.3.6.4.1 Japan Solder Balls Market by Alloy Type
10.3.6.4.2 Japan Solder Balls Market by Solder Type
10.3.6.4.3 Japan Solder Balls Market by Application
10.3.6.5 South Korea Solder Balls Market
10.3.6.5.1 South Korea Solder Balls Market by Alloy Type
10.3.6.5.2 South Korea Solder Balls Market by Solder Type
10.3.6.5.3 South Korea Solder Balls Market by Application
10.3.6.6 Rest of Asia-Pacific Solder Balls Market
10.3.6.6.1 Rest of Asia-Pacific Solder Balls Market by Alloy Type
10.3.6.6.2 Rest of Asia-Pacific Solder Balls Market by Solder Type
10.3.6.6.3 Rest of Asia-Pacific Solder Balls Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Solder Balls Market Overview
10.4.2 Middle East and Africa Solder Balls Market Forecasts and Analysis
10.4.3 Middle East and Africa Solder Balls Market Forecasts and Analysis - By Alloy Type
10.4.4 Middle East and Africa Solder Balls Market Forecasts and Analysis - By Solder Type
10.4.5 Middle East and Africa Solder Balls Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Solder Balls Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Solder Balls Market
10.4.6.1.1 South Africa Solder Balls Market by Alloy Type
10.4.6.1.2 South Africa Solder Balls Market by Solder Type
10.4.6.1.3 South Africa Solder Balls Market by Application
10.4.6.2 Saudi Arabia Solder Balls Market
10.4.6.2.1 Saudi Arabia Solder Balls Market by Alloy Type
10.4.6.2.2 Saudi Arabia Solder Balls Market by Solder Type
10.4.6.2.3 Saudi Arabia Solder Balls Market by Application
10.4.6.3 U.A.E Solder Balls Market
10.4.6.3.1 U.A.E Solder Balls Market by Alloy Type
10.4.6.3.2 U.A.E Solder Balls Market by Solder Type
10.4.6.3.3 U.A.E Solder Balls Market by Application
10.4.6.4 Rest of Middle East and Africa Solder Balls Market
10.4.6.4.1 Rest of Middle East and Africa Solder Balls Market by Alloy Type
10.4.6.4.2 Rest of Middle East and Africa Solder Balls Market by Solder Type
10.4.6.4.3 Rest of Middle East and Africa Solder Balls Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Solder Balls Market Overview
10.5.2 South and Central America Solder Balls Market Forecasts and Analysis
10.5.3 South and Central America Solder Balls Market Forecasts and Analysis - By Alloy Type
10.5.4 South and Central America Solder Balls Market Forecasts and Analysis - By Solder Type
10.5.5 South and Central America Solder Balls Market Forecasts and Analysis - By Application
10.5.6 South and Central America Solder Balls Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Solder Balls Market
10.5.6.1.1 Brazil Solder Balls Market by Alloy Type
10.5.6.1.2 Brazil Solder Balls Market by Solder Type
10.5.6.1.3 Brazil Solder Balls Market by Application
10.5.6.2 Argentina Solder Balls Market
10.5.6.2.1 Argentina Solder Balls Market by Alloy Type
10.5.6.2.2 Argentina Solder Balls Market by Solder Type
10.5.6.2.3 Argentina Solder Balls Market by Application
10.5.6.3 Rest of South and Central America Solder Balls Market
10.5.6.3.1 Rest of South and Central America Solder Balls Market by Alloy Type
10.5.6.3.2 Rest of South and Central America Solder Balls Market by Solder Type
10.5.6.3.3 Rest of South and Central America Solder Balls 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. SOLDER BALLS MARKET, KEY COMPANY PROFILES
12.1. APLINQ CORPORATION
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. DUKSAN GROUP
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. HITACHI METALS NANOTECH CO., LTD.
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. INDIUM CORPORATION
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. JOVY SYSTEMS
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. NATHAN TROTTER AND CO. INC.
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. NIPPON MICROMETAL CORPORATION
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. PROFOUND MATERIAL TECHNOLOGY CO., 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. SENJU METAL INDUSTRY CO., LTD.
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. OTHERS
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

1. APLINQ Corporation
2. DUKSAN group
3. Hitachi Metals Nanotech Co., Ltd.
4. Indium Corporation
5. Jovy Systems
6. Nathan Trotter and Co. Inc.
7. Nippon Micrometal Corporation
8. Profound Material Technology Co., Ltd.
9. Senju Metal Industry Co., Ltd.
10. Others

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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