Thermoset Composites Market SWOT Analysis by 2031
Thermoset composites are manufactured using different kinds of reinforcements. The thermoset composites matrices include epoxies, vinyl esters, polyamide, cyanate esters, polyamides and phenolics. The polymer-based thermoset composites establish a very important class of thermosets for structural applications in automotive, aeronautical, marine and other components. The high specific strength of the thermoset composites proves it to be competitive with metallic materials and used as an alternative for metallic materials.
MARKET DYNAMICS
The thermoset composites market is assumed to grow in the forecast considering the growing use of thermoset composites for the manufacturing of structural composite parts used in aircraft. Increased demand for lightweight materials from the transport industry coupled with the increasing use of thermoset composites by the wind energy industry is estimated to create an upsurge in the thermoset composites market. However, the issues related to the remold ability and recyclability might restrict the growth of the thermoset composites market. On the other hand, the potential opportunities in new applications are likely to showcase growth opportunities for the thermoset composites market during the forecast period.
MARKET SCOPE
The "Global Thermoset Composites 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 thermoset composites market with detailed market segmentation by manufacturing process, fiber type, resin type, end-use industry and geography. The global thermoset composites market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading crude oil flow improver market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global thermoset composites market is segmented on the basis of manufacturing process, fiber type, resin type and end-use industry. Based on manufacturing process, the market is segmented as lay-up process, filament winding process, injection molding process, pultrusion process and other processes. On the basis of fiber type, the market is segmented as glass, carbon and others. Based on resin type, the market is segmented as polyester resin, vinyl ester resin, epoxy resin and other thermoset resins. Based on end-use industry, the market is segmented as aerospace & defense, transportation, marine, construction & infrastructure and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global thermoset composites 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 & Central America. The thermoset composites 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 thermoset composites 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 & Central America after evaluating political, economic, social and technological factors affecting the thermoset composites market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global thermoset composites 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 & Central America. The thermoset composites 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 thermoset composites 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 & Central America after evaluating political, economic, social and technological factors affecting the thermoset composites market in these regions.
MARKET PLAYERS
The reports cover key developments in the thermoset composites 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 the way for the expansion of business and customer base of market players. The market payers from thermoset composites market are anticipated to lucrative growth opportunities in the future with the rising demand for thermoset composites in the global market. Below mentioned is the list of few companies engaged in the thermoset composites market.
The report also includes the profiles of key thermoset composites 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 the last three years, key developments in the past five years.
- Chongqing Polycomp International Corporation
- Hexcel Corporation
- Huntsman International LLC.
- JEC Group
- Mitsubishi Chemical Corporation
- Owens Corning
- PPG Industries Inc.
- SGL Carbon
- Teijin Limited
- Toray Industries Inc.
- 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
1.3.1Thermoset Composites Market - By Manufacturing Process
1.3.2Thermoset Composites Market - By Fiber Type
1.3.3Thermoset Composites Market - By Resin Type
1.3.4Thermoset Composites Market - By End-Use Industry
1.3.5Thermoset Composites Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.THERMOSET COMPOSITES 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.EXPERT OPINIONS
5.THERMOSET COMPOSITES 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.THERMOSET COMPOSITES MARKET - GLOBAL MARKET ANALYSIS
6.1.THERMOSET COMPOSITES - GLOBAL MARKET OVERVIEW
6.2.THERMOSET COMPOSITES - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.THERMOSET COMPOSITES MARKET - REVENUE AND FORECASTS TO 2028 - MANUFACTURING PROCESS
7.1.OVERVIEW
7.2.MANUFACTURING PROCESS MARKET FORECASTS AND ANALYSIS
7.3.LAY-UP PROCESS
7.3.1.Overview
7.3.2.Lay-Up Process Market Forecast and Analysis
7.4.FILAMENT WINDING PROCESS
7.4.1.Overview
7.4.2.Filament Winding Process Market Forecast and Analysis
7.5.INJECTION MOLDING PROCESS
7.5.1.Overview
7.5.2.Injection Molding Process Market Forecast and Analysis
7.6.PULTRUSION PROCESS
7.6.1.Overview
7.6.2.Pultrusion Process Market Forecast and Analysis
7.7.OTHER PROCESSES
7.7.1.Overview
7.7.2.Other Processes Market Forecast and Analysis
8.THERMOSET COMPOSITES MARKET - REVENUE AND FORECASTS TO 2028 - FIBER TYPE
8.1.OVERVIEW
8.2.FIBER TYPE MARKET FORECASTS AND ANALYSIS
8.3.GLASS
8.3.1.Overview
8.3.2.Glass Market Forecast and Analysis
8.4.CARBON
8.4.1.Overview
8.4.2.Carbon Market Forecast and Analysis
8.5.OTHERS
8.5.1.Overview
8.5.2.Others Market Forecast and Analysis
9.THERMOSET COMPOSITES MARKET - REVENUE AND FORECASTS TO 2028 - RESIN TYPE
9.1.OVERVIEW
9.2.RESIN TYPE MARKET FORECASTS AND ANALYSIS
9.3.POLYESTER RESIN
9.3.1.Overview
9.3.2.Polyester Resin Market Forecast and Analysis
9.4.VINYL ESTER RESIN
9.4.1.Overview
9.4.2.Vinyl Ester Resin Market Forecast and Analysis
9.5.EPOXY RESIN
9.5.1.Overview
9.5.2.Epoxy Resin Market Forecast and Analysis
9.6.OTHER THERMOSET RESINS
9.6.1.Overview
9.6.2.Other Thermoset Resins Market Forecast and Analysis
10.THERMOSET COMPOSITES 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.TRANSPORTATION
10.4.1.Overview
10.4.2.Transportation Market Forecast and Analysis
10.5.MARINE
10.5.1.Overview
10.5.2.Marine Market Forecast and Analysis
10.6.CONSTRUCTION AND INFRASTRUCTURE
10.6.1.Overview
10.6.2.Construction and Infrastructure Market Forecast and Analysis
10.7.OTHERS
10.7.1.Overview
10.7.2.Others Market Forecast and Analysis
11.THERMOSET COMPOSITES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Thermoset Composites Market Overview
11.1.2North America Thermoset Composites Market Forecasts and Analysis
11.1.3North America Thermoset Composites Market Forecasts and Analysis - By Manufacturing Process
11.1.4North America Thermoset Composites Market Forecasts and Analysis - By Fiber Type
11.1.5North America Thermoset Composites Market Forecasts and Analysis - By Resin Type
11.1.6North America Thermoset Composites Market Forecasts and Analysis - By End-Use Industry
11.1.7North America Thermoset Composites Market Forecasts and Analysis - By Countries
11.1.7.1Canada Thermoset Composites Market
11.1.7.1.1Canada Thermoset Composites Market by Manufacturing Process
11.1.7.1.2Canada Thermoset Composites Market by Fiber Type
11.1.7.1.3Canada Thermoset Composites Market by Resin Type
11.1.7.1.4Canada Thermoset Composites Market by End-Use Industry
11.1.7.2Mexico Thermoset Composites Market
11.1.7.2.1Mexico Thermoset Composites Market by Manufacturing Process
11.1.7.2.2Mexico Thermoset Composites Market by Fiber Type
11.1.7.2.3Mexico Thermoset Composites Market by Resin Type
11.1.7.2.4Mexico Thermoset Composites Market by End-Use Industry
11.1.7.3US Thermoset Composites Market
11.1.7.3.1US Thermoset Composites Market by Manufacturing Process
11.1.7.3.2US Thermoset Composites Market by Fiber Type
11.1.7.3.3US Thermoset Composites Market by Resin Type
11.1.7.3.4US Thermoset Composites Market by End-Use Industry
11.2.EUROPE
11.2.1Europe Thermoset Composites Market Overview
11.2.2Europe Thermoset Composites Market Forecasts and Analysis
11.2.3Europe Thermoset Composites Market Forecasts and Analysis - By Manufacturing Process
11.2.4Europe Thermoset Composites Market Forecasts and Analysis - By Fiber Type
11.2.5Europe Thermoset Composites Market Forecasts and Analysis - By Resin Type
11.2.6Europe Thermoset Composites Market Forecasts and Analysis - By End-Use Industry
11.2.7Europe Thermoset Composites Market Forecasts and Analysis - By Countries
11.2.7.1Germany Thermoset Composites Market
11.2.7.1.1Germany Thermoset Composites Market by Manufacturing Process
11.2.7.1.2Germany Thermoset Composites Market by Fiber Type
11.2.7.1.3Germany Thermoset Composites Market by Resin Type
11.2.7.1.4Germany Thermoset Composites Market by End-Use Industry
11.2.7.2France Thermoset Composites Market
11.2.7.2.1France Thermoset Composites Market by Manufacturing Process
11.2.7.2.2France Thermoset Composites Market by Fiber Type
11.2.7.2.3France Thermoset Composites Market by Resin Type
11.2.7.2.4France Thermoset Composites Market by End-Use Industry
11.2.7.3Italy Thermoset Composites Market
11.2.7.3.1Italy Thermoset Composites Market by Manufacturing Process
11.2.7.3.2Italy Thermoset Composites Market by Fiber Type
11.2.7.3.3Italy Thermoset Composites Market by Resin Type
11.2.7.3.4Italy Thermoset Composites Market by End-Use Industry
11.2.7.4Spain Thermoset Composites Market
11.2.7.4.1Spain Thermoset Composites Market by Manufacturing Process
11.2.7.4.2Spain Thermoset Composites Market by Fiber Type
11.2.7.4.3Spain Thermoset Composites Market by Resin Type
11.2.7.4.4Spain Thermoset Composites Market by End-Use Industry
11.2.7.5Russia Thermoset Composites Market
11.2.7.5.1Russia Thermoset Composites Market by Manufacturing Process
11.2.7.5.2Russia Thermoset Composites Market by Fiber Type
11.2.7.5.3Russia Thermoset Composites Market by Resin Type
11.2.7.5.4Russia Thermoset Composites Market by End-Use Industry
11.2.7.6Rest of Europe Thermoset Composites Market
11.2.7.6.1Rest of Europe Thermoset Composites Market by Manufacturing Process
11.2.7.6.2Rest of Europe Thermoset Composites Market by Fiber Type
11.2.7.6.3Rest of Europe Thermoset Composites Market by Resin Type
11.2.7.6.4Rest of Europe Thermoset Composites Market by End-Use Industry
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Thermoset Composites Market Overview
11.3.2Asia-Pacific Thermoset Composites Market Forecasts and Analysis
11.3.3Asia-Pacific Thermoset Composites Market Forecasts and Analysis - By Manufacturing Process
11.3.4Asia-Pacific Thermoset Composites Market Forecasts and Analysis - By Fiber Type
11.3.5Asia-Pacific Thermoset Composites Market Forecasts and Analysis - By Resin Type
11.3.6Asia-Pacific Thermoset Composites Market Forecasts and Analysis - By End-Use Industry
11.3.7Asia-Pacific Thermoset Composites Market Forecasts and Analysis - By Countries
11.3.7.1Australia Thermoset Composites Market
11.3.7.1.1Australia Thermoset Composites Market by Manufacturing Process
11.3.7.1.2Australia Thermoset Composites Market by Fiber Type
11.3.7.1.3Australia Thermoset Composites Market by Resin Type
11.3.7.1.4Australia Thermoset Composites Market by End-Use Industry
11.3.7.2China Thermoset Composites Market
11.3.7.2.1China Thermoset Composites Market by Manufacturing Process
11.3.7.2.2China Thermoset Composites Market by Fiber Type
11.3.7.2.3China Thermoset Composites Market by Resin Type
11.3.7.2.4China Thermoset Composites Market by End-Use Industry
11.3.7.3India Thermoset Composites Market
11.3.7.3.1India Thermoset Composites Market by Manufacturing Process
11.3.7.3.2India Thermoset Composites Market by Fiber Type
11.3.7.3.3India Thermoset Composites Market by Resin Type
11.3.7.3.4India Thermoset Composites Market by End-Use Industry
11.3.7.4Japan Thermoset Composites Market
11.3.7.4.1Japan Thermoset Composites Market by Manufacturing Process
11.3.7.4.2Japan Thermoset Composites Market by Fiber Type
11.3.7.4.3Japan Thermoset Composites Market by Resin Type
11.3.7.4.4Japan Thermoset Composites Market by End-Use Industry
11.3.7.5South Korea Thermoset Composites Market
11.3.7.5.1South Korea Thermoset Composites Market by Manufacturing Process
11.3.7.5.2South Korea Thermoset Composites Market by Fiber Type
11.3.7.5.3South Korea Thermoset Composites Market by Resin Type
11.3.7.5.4South Korea Thermoset Composites Market by End-Use Industry
11.3.7.6Rest of Asia-Pacific Thermoset Composites Market
11.3.7.6.1Rest of Asia-Pacific Thermoset Composites Market by Manufacturing Process
11.3.7.6.2Rest of Asia-Pacific Thermoset Composites Market by Fiber Type
11.3.7.6.3Rest of Asia-Pacific Thermoset Composites Market by Resin Type
11.3.7.6.4Rest of Asia-Pacific Thermoset Composites Market by End-Use Industry
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Thermoset Composites Market Overview
11.4.2Middle East and Africa Thermoset Composites Market Forecasts and Analysis
11.4.3Middle East and Africa Thermoset Composites Market Forecasts and Analysis - By Manufacturing Process
11.4.4Middle East and Africa Thermoset Composites Market Forecasts and Analysis - By Fiber Type
11.4.5Middle East and Africa Thermoset Composites Market Forecasts and Analysis - By Resin Type
11.4.6Middle East and Africa Thermoset Composites Market Forecasts and Analysis - By End-Use Industry
11.4.7Middle East and Africa Thermoset Composites Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Thermoset Composites Market
11.4.7.1.1South Africa Thermoset Composites Market by Manufacturing Process
11.4.7.1.2South Africa Thermoset Composites Market by Fiber Type
11.4.7.1.3South Africa Thermoset Composites Market by Resin Type
11.4.7.1.4South Africa Thermoset Composites Market by End-Use Industry
11.4.7.2Saudi Arabia Thermoset Composites Market
11.4.7.2.1Saudi Arabia Thermoset Composites Market by Manufacturing Process
11.4.7.2.2Saudi Arabia Thermoset Composites Market by Fiber Type
11.4.7.2.3Saudi Arabia Thermoset Composites Market by Resin Type
11.4.7.2.4Saudi Arabia Thermoset Composites Market by End-Use Industry
11.4.7.3U.A.E Thermoset Composites Market
11.4.7.3.1U.A.E Thermoset Composites Market by Manufacturing Process
11.4.7.3.2U.A.E Thermoset Composites Market by Fiber Type
11.4.7.3.3U.A.E Thermoset Composites Market by Resin Type
11.4.7.3.4U.A.E Thermoset Composites Market by End-Use Industry
11.4.7.4Rest of Middle East and Africa Thermoset Composites Market
11.4.7.4.1Rest of Middle East and Africa Thermoset Composites Market by Manufacturing Process
11.4.7.4.2Rest of Middle East and Africa Thermoset Composites Market by Fiber Type
11.4.7.4.3Rest of Middle East and Africa Thermoset Composites Market by Resin Type
11.4.7.4.4Rest of Middle East and Africa Thermoset Composites Market by End-Use Industry
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Thermoset Composites Market Overview
11.5.2South and Central America Thermoset Composites Market Forecasts and Analysis
11.5.3South and Central America Thermoset Composites Market Forecasts and Analysis - By Manufacturing Process
11.5.4South and Central America Thermoset Composites Market Forecasts and Analysis - By Fiber Type
11.5.5South and Central America Thermoset Composites Market Forecasts and Analysis - By Resin Type
11.5.6South and Central America Thermoset Composites Market Forecasts and Analysis - By End-Use Industry
11.5.7South and Central America Thermoset Composites Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Thermoset Composites Market
11.5.7.1.1Brazil Thermoset Composites Market by Manufacturing Process
11.5.7.1.2Brazil Thermoset Composites Market by Fiber Type
11.5.7.1.3Brazil Thermoset Composites Market by Resin Type
11.5.7.1.4Brazil Thermoset Composites Market by End-Use Industry
11.5.7.2Argentina Thermoset Composites Market
11.5.7.2.1Argentina Thermoset Composites Market by Manufacturing Process
11.5.7.2.2Argentina Thermoset Composites Market by Fiber Type
11.5.7.2.3Argentina Thermoset Composites Market by Resin Type
11.5.7.2.4Argentina Thermoset Composites Market by End-Use Industry
11.5.7.3Rest of South and Central America Thermoset Composites Market
11.5.7.3.1Rest of South and Central America Thermoset Composites Market by Manufacturing Process
11.5.7.3.2Rest of South and Central America Thermoset Composites Market by Fiber Type
11.5.7.3.3Rest of South and Central America Thermoset Composites Market by Resin Type
11.5.7.3.4Rest of South and Central America Thermoset Composites 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.THERMOSET COMPOSITES MARKET, KEY COMPANY PROFILES
13.1.CHONGQING POLYCOMP INTERNATIONAL CORPORATION
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.HEXCEL CORPORATION
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.HUNTSMAN INTERNATIONAL LLC.
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.JEC GROUP
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 CHEMICAL 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.OWENS CORNING
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.PPG INDUSTRIES INC.
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.SGL CARBON
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.TEIJIN LIMITED
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.TORAY INDUSTRIES INC.
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. Chongqing Polycomp International Corporation2. Hexcel Corporation3. Huntsman International LLC.4. JEC Group5. Mitsubishi Chemical Corporation6. Owens Corning7. PPG Industries Inc.8. SGL Carbon9. Teijin Limited10. Toray Industries Inc.
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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