Thermal Camera Market Key Players Analysis 2031
The development in the surveillance camera technology is the major segment boosting the growth of the thermal camera market. The penetration in machine vision-based applications, is anticipated to fuel the demand for the thermal camera market. However, growing acceptance of thermal imaging in perimeter security will accelerated the demand for thermal camera market in near future.
MARKET DYNAMICS
The increasing the adoption of thermal imaging in the automotive industry and the growing R&D investments by governments, companies, and capital firms to develop innovative thermal imaging solutions are some of the major factors driving the growth of the thermal camera market. Moreover, the increasing government expenditure on the aerospace & defense sector is another factor anticipated to boost the growth of the thermal camera market.
MARKET SCOPE
The "Global Thermal Camera Market Analysis to 2031" is a specialized and in-depth study of the thermal camera market with a special focus on the global market trend analysis. The report aims to provide an overview of thermal camera market with detailed market segmentation by type, mounting type, application, end user industry. The global thermal camera market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading thermal camera market players and offers key trends and opportunities in the thermal camera market.
MARKET SEGMENTATION
The global thermal camera market is segmented on the basis of type, mounting type, application, end user industry. On the basis of type, the market is segmented as cooled, uncooled. On the basis of mounting type, the market is segmented as handheld thermal camera, helmet mounted thermal camera. On the basis of application, the market is segmented as wild life, observation, hunting, navigation, inspection and monitoring, security and surveillance, others. On the basis of end user industry, the market is segmented as aerospace and defense, oil and gas, marine, utilities, law enforcement, automotive, others.
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 thermal camera 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 thermal camera 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 thermal camera 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 Thermal camera market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global thermal camera 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 thermal camera 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 thermal camera 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 Thermal camera market in these regions.
MARKET PLAYERS
The reports cover key developments in the thermal camera market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from thermal camera market are anticipated to lucrative growth opportunities in the future with the rising demand for thermal camera market. Below mentioned is the list of few companies engaged in the thermal camera market.
The report also includes the profiles of key thermal camera 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.
- Bullard
- Cox
- FLIR® Systems, Inc
- Fluke Corporation
- InfraTec GmbH
- Opgal
- SATIR
- Seek Thermal
- Synectics plc
- Thermoteknix Systems Ltd
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
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Thermal Camera Market - By Type
1.3.2 Thermal Camera Market - By Mounting Type
1.3.3 Thermal Camera Market - By Application
1.3.4 Thermal Camera Market - By End-Use Industry
1.3.5 Thermal Camera Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. THERMAL CAMERA 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. THERMAL CAMERA 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. THERMAL CAMERA MARKET - GLOBAL MARKET ANALYSIS
6.1. THERMAL CAMERA - GLOBAL MARKET OVERVIEW
6.2. THERMAL CAMERA - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. THERMAL CAMERA MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. COOLED
7.3.1. Overview
7.3.2. Cooled Market Forecast and Analysis
7.4. UNCOOLED
7.4.1. Overview
7.4.2. Uncooled Market Forecast and Analysis
8. THERMAL CAMERA MARKET - REVENUE AND FORECASTS TO 2028 - MOUNTING TYPE
8.1. OVERVIEW
8.2. MOUNTING TYPE MARKET FORECASTS AND ANALYSIS
8.3. HANDHELD THERMAL CAMERA
8.3.1. Overview
8.3.2. Handheld Thermal Camera Market Forecast and Analysis
8.4. HELMET MOUNTED THERMAL CAMERA
8.4.1. Overview
8.4.2. Helmet Mounted Thermal Camera Market Forecast and Analysis
9. THERMAL CAMERA MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. WILD LIFE OBSERVATION
9.3.1. Overview
9.3.2. Wild Life Observation Market Forecast and Analysis
9.4. HUNTING
9.4.1. Overview
9.4.2. Hunting Market Forecast and Analysis
9.5. NAVIGATION
9.5.1. Overview
9.5.2. Navigation Market Forecast and Analysis
9.6. INSPECTION AND MONITORING
9.6.1. Overview
9.6.2. Inspection and Monitoring Market Forecast and Analysis
9.7. SECURITY AND SURVEILLANCE
9.7.1. Overview
9.7.2. Security and Surveillance Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. THERMAL CAMERA MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
10.1. OVERVIEW
10.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
10.3. AEROSPACE AND DEFENSE
10.3.1. Overview
10.3.2. Aerospace and Defense Market Forecast and Analysis
10.4. OIL AND GAS
10.4.1. Overview
10.4.2. Oil and Gas Market Forecast and Analysis
10.5. MARINE
10.5.1. Overview
10.5.2. Marine Market Forecast and Analysis
10.6. UTILITIES
10.6.1. Overview
10.6.2. Utilities Market Forecast and Analysis
10.7. LAW ENFORCEMENT
10.7.1. Overview
10.7.2. Law Enforcement Market Forecast and Analysis
10.8. AUTOMOTIVE
10.8.1. Overview
10.8.2. Automotive Market Forecast and Analysis
10.9. OTHERS
10.9.1. Overview
10.9.2. Others Market Forecast and Analysis
11. THERMAL CAMERA MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Thermal Camera Market Overview
11.1.2 North America Thermal Camera Market Forecasts and Analysis
11.1.3 North America Thermal Camera Market Forecasts and Analysis - By Type
11.1.4 North America Thermal Camera Market Forecasts and Analysis - By Mounting Type
11.1.5 North America Thermal Camera Market Forecasts and Analysis - By Application
11.1.6 North America Thermal Camera Market Forecasts and Analysis - By End-Use Industry
11.1.7 North America Thermal Camera Market Forecasts and Analysis - By Countries
11.1.7.1 United States Thermal Camera Market
11.1.7.1.1 United States Thermal Camera Market by Type
11.1.7.1.2 United States Thermal Camera Market by Mounting Type
11.1.7.1.3 United States Thermal Camera Market by Application
11.1.7.1.4 United States Thermal Camera Market by End-Use Industry
11.1.7.2 Canada Thermal Camera Market
11.1.7.2.1 Canada Thermal Camera Market by Type
11.1.7.2.2 Canada Thermal Camera Market by Mounting Type
11.1.7.2.3 Canada Thermal Camera Market by Application
11.1.7.2.4 Canada Thermal Camera Market by End-Use Industry
11.1.7.3 Mexico Thermal Camera Market
11.1.7.3.1 Mexico Thermal Camera Market by Type
11.1.7.3.2 Mexico Thermal Camera Market by Mounting Type
11.1.7.3.3 Mexico Thermal Camera Market by Application
11.1.7.3.4 Mexico Thermal Camera Market by End-Use Industry
11.2. EUROPE
11.2.1 Europe Thermal Camera Market Overview
11.2.2 Europe Thermal Camera Market Forecasts and Analysis
11.2.3 Europe Thermal Camera Market Forecasts and Analysis - By Type
11.2.4 Europe Thermal Camera Market Forecasts and Analysis - By Mounting Type
11.2.5 Europe Thermal Camera Market Forecasts and Analysis - By Application
11.2.6 Europe Thermal Camera Market Forecasts and Analysis - By End-Use Industry
11.2.7 Europe Thermal Camera Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Thermal Camera Market
11.2.7.1.1 Germany Thermal Camera Market by Type
11.2.7.1.2 Germany Thermal Camera Market by Mounting Type
11.2.7.1.3 Germany Thermal Camera Market by Application
11.2.7.1.4 Germany Thermal Camera Market by End-Use Industry
11.2.7.2 France Thermal Camera Market
11.2.7.2.1 France Thermal Camera Market by Type
11.2.7.2.2 France Thermal Camera Market by Mounting Type
11.2.7.2.3 France Thermal Camera Market by Application
11.2.7.2.4 France Thermal Camera Market by End-Use Industry
11.2.7.3 Italy Thermal Camera Market
11.2.7.3.1 Italy Thermal Camera Market by Type
11.2.7.3.2 Italy Thermal Camera Market by Mounting Type
11.2.7.3.3 Italy Thermal Camera Market by Application
11.2.7.3.4 Italy Thermal Camera Market by End-Use Industry
11.2.7.4 United Kingdom Thermal Camera Market
11.2.7.4.1 United Kingdom Thermal Camera Market by Type
11.2.7.4.2 United Kingdom Thermal Camera Market by Mounting Type
11.2.7.4.3 United Kingdom Thermal Camera Market by Application
11.2.7.4.4 United Kingdom Thermal Camera Market by End-Use Industry
11.2.7.5 Russia Thermal Camera Market
11.2.7.5.1 Russia Thermal Camera Market by Type
11.2.7.5.2 Russia Thermal Camera Market by Mounting Type
11.2.7.5.3 Russia Thermal Camera Market by Application
11.2.7.5.4 Russia Thermal Camera Market by End-Use Industry
11.2.7.6 Rest of Europe Thermal Camera Market
11.2.7.6.1 Rest of Europe Thermal Camera Market by Type
11.2.7.6.2 Rest of Europe Thermal Camera Market by Mounting Type
11.2.7.6.3 Rest of Europe Thermal Camera Market by Application
11.2.7.6.4 Rest of Europe Thermal Camera Market by End-Use Industry
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Thermal Camera Market Overview
11.3.2 Asia-Pacific Thermal Camera Market Forecasts and Analysis
11.3.3 Asia-Pacific Thermal Camera Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Thermal Camera Market Forecasts and Analysis - By Mounting Type
11.3.5 Asia-Pacific Thermal Camera Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Thermal Camera Market Forecasts and Analysis - By End-Use Industry
11.3.7 Asia-Pacific Thermal Camera Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Thermal Camera Market
11.3.7.1.1 Australia Thermal Camera Market by Type
11.3.7.1.2 Australia Thermal Camera Market by Mounting Type
11.3.7.1.3 Australia Thermal Camera Market by Application
11.3.7.1.4 Australia Thermal Camera Market by End-Use Industry
11.3.7.2 China Thermal Camera Market
11.3.7.2.1 China Thermal Camera Market by Type
11.3.7.2.2 China Thermal Camera Market by Mounting Type
11.3.7.2.3 China Thermal Camera Market by Application
11.3.7.2.4 China Thermal Camera Market by End-Use Industry
11.3.7.3 India Thermal Camera Market
11.3.7.3.1 India Thermal Camera Market by Type
11.3.7.3.2 India Thermal Camera Market by Mounting Type
11.3.7.3.3 India Thermal Camera Market by Application
11.3.7.3.4 India Thermal Camera Market by End-Use Industry
11.3.7.4 Japan Thermal Camera Market
11.3.7.4.1 Japan Thermal Camera Market by Type
11.3.7.4.2 Japan Thermal Camera Market by Mounting Type
11.3.7.4.3 Japan Thermal Camera Market by Application
11.3.7.4.4 Japan Thermal Camera Market by End-Use Industry
11.3.7.5 South Korea Thermal Camera Market
11.3.7.5.1 South Korea Thermal Camera Market by Type
11.3.7.5.2 South Korea Thermal Camera Market by Mounting Type
11.3.7.5.3 South Korea Thermal Camera Market by Application
11.3.7.5.4 South Korea Thermal Camera Market by End-Use Industry
11.3.7.6 Rest of Asia-Pacific Thermal Camera Market
11.3.7.6.1 Rest of Asia-Pacific Thermal Camera Market by Type
11.3.7.6.2 Rest of Asia-Pacific Thermal Camera Market by Mounting Type
11.3.7.6.3 Rest of Asia-Pacific Thermal Camera Market by Application
11.3.7.6.4 Rest of Asia-Pacific Thermal Camera Market by End-Use Industry
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Thermal Camera Market Overview
11.4.2 Middle East and Africa Thermal Camera Market Forecasts and Analysis
11.4.3 Middle East and Africa Thermal Camera Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Thermal Camera Market Forecasts and Analysis - By Mounting Type
11.4.5 Middle East and Africa Thermal Camera Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Thermal Camera Market Forecasts and Analysis - By End-Use Industry
11.4.7 Middle East and Africa Thermal Camera Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Thermal Camera Market
11.4.7.1.1 South Africa Thermal Camera Market by Type
11.4.7.1.2 South Africa Thermal Camera Market by Mounting Type
11.4.7.1.3 South Africa Thermal Camera Market by Application
11.4.7.1.4 South Africa Thermal Camera Market by End-Use Industry
11.4.7.2 Saudi Arabia Thermal Camera Market
11.4.7.2.1 Saudi Arabia Thermal Camera Market by Type
11.4.7.2.2 Saudi Arabia Thermal Camera Market by Mounting Type
11.4.7.2.3 Saudi Arabia Thermal Camera Market by Application
11.4.7.2.4 Saudi Arabia Thermal Camera Market by End-Use Industry
11.4.7.3 U.A.E Thermal Camera Market
11.4.7.3.1 U.A.E Thermal Camera Market by Type
11.4.7.3.2 U.A.E Thermal Camera Market by Mounting Type
11.4.7.3.3 U.A.E Thermal Camera Market by Application
11.4.7.3.4 U.A.E Thermal Camera Market by End-Use Industry
11.4.7.4 Rest of Middle East and Africa Thermal Camera Market
11.4.7.4.1 Rest of Middle East and Africa Thermal Camera Market by Type
11.4.7.4.2 Rest of Middle East and Africa Thermal Camera Market by Mounting Type
11.4.7.4.3 Rest of Middle East and Africa Thermal Camera Market by Application
11.4.7.4.4 Rest of Middle East and Africa Thermal Camera Market by End-Use Industry
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Thermal Camera Market Overview
11.5.2 South and Central America Thermal Camera Market Forecasts and Analysis
11.5.3 South and Central America Thermal Camera Market Forecasts and Analysis - By Type
11.5.4 South and Central America Thermal Camera Market Forecasts and Analysis - By Mounting Type
11.5.5 South and Central America Thermal Camera Market Forecasts and Analysis - By Application
11.5.6 South and Central America Thermal Camera Market Forecasts and Analysis - By End-Use Industry
11.5.7 South and Central America Thermal Camera Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Thermal Camera Market
11.5.7.1.1 Brazil Thermal Camera Market by Type
11.5.7.1.2 Brazil Thermal Camera Market by Mounting Type
11.5.7.1.3 Brazil Thermal Camera Market by Application
11.5.7.1.4 Brazil Thermal Camera Market by End-Use Industry
11.5.7.2 Argentina Thermal Camera Market
11.5.7.2.1 Argentina Thermal Camera Market by Type
11.5.7.2.2 Argentina Thermal Camera Market by Mounting Type
11.5.7.2.3 Argentina Thermal Camera Market by Application
11.5.7.2.4 Argentina Thermal Camera Market by End-Use Industry
11.5.7.3 Rest of South and Central America Thermal Camera Market
11.5.7.3.1 Rest of South and Central America Thermal Camera Market by Type
11.5.7.3.2 Rest of South and Central America Thermal Camera Market by Mounting Type
11.5.7.3.3 Rest of South and Central America Thermal Camera Market by Application
11.5.7.3.4 Rest of South and Central America Thermal Camera Market by End-Use Industry
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. THERMAL CAMERA MARKET, KEY COMPANY PROFILES
13.1. BULLARD
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. COX
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. FLIR® SYSTEMS, 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. FLUKE CORPORATION
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. INFRATEC GMBH
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. OPGAL
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. SATIR
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. SEEK THERMAL
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. SYNECTICS PLC
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. THERMOTEKNIX SYSTEMS LTD
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. Bullard
2. Cox
3. FLIR® Systems, Inc
4. Fluke Corporation
5. InfraTec GmbH
6. Opgal
7. SATIR
8. Seek Thermal
9. Synectics plc
10. Thermoteknix Systems 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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