Torque Vectoring Market Growth Report | 2021 to 2031
The Torque Vectoring Market is expected to register a CAGR of 10.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Technology (Passive Torque Vectoring System (Ptvs), Active Torque Vectoring System (Atvs)); Propulsion (Rear-Wheel Drive (Rwd), Front-Wheel Drive (Fwd), All-Wheel Drive (Awd)); Electric Vehicle (Hybrid Electric Vehicle, Battery Electric Vehicle). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Torque Vectoring 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.
Torque Vectoring Market Segmentation
Technology- Passive Torque Vectoring System
- Active Torque Vectoring System
- Rear-Wheel Drive
- Front-Wheel Drive
- All-Wheel Drive
- Hybrid Electric Vehicle
- Battery Electric Vehicle
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Torque Vectoring Market Growth Drivers- Performance Enhancement Driving Torque Vectoring Market Expansion: Increasing consumer demand for superior vehicle handling, stability, and performance is accelerating torque vectoring technology adoption. Automotive enthusiasts and performance-oriented manufacturers are seeking advanced dynamic control systems that optimize vehicle cornering, traction, and overall driving dynamics. Torque vectoring technologies enable precise power distribution between wheels, improving vehicle agility, reducing understeer, and enhancing overall driving experience across various vehicle segments, from sports cars to high-performance SUVs and electric vehicles.
- Safety and Stability Requirements Propelling Torque Vectoring Market Growth: Stringent automotive safety regulations and consumer expectations for advanced vehicle stability systems are driving torque vectoring technology development. By enabling more precise wheel torque distribution, these systems significantly improve vehicle control during challenging driving conditions, reducing the risk of accidents and enhancing overall vehicle stability. Automotive manufacturers are increasingly integrating torque vectoring as a critical safety feature to meet evolving safety standards and provide superior handling characteristics.
- Electric and Hybrid Vehicle Technological Evolution Generating Market Opportunities: The rapid transition towards electric and hybrid vehicle platforms is creating substantial demand for advanced torque vectoring technologies. Electric powertrains, with their inherent ability to provide instantaneous torque control, are particularly well-suited for sophisticated torque vectoring implementations. Manufacturers are leveraging this technological synergy to develop more efficient, responsive, and dynamic electric vehicle platforms, driving innovation and market expansion in torque vectoring technologies.
- Advanced Control Algorithms and Intelligent Torque Management: Emerging sophisticated control algorithms and intelligent torque management systems are transforming torque vectoring technologies. Machine learning and artificial intelligence techniques are enabling more dynamic, adaptive torque distribution strategies that can predict and respond to complex driving scenarios in real-time. These advanced algorithms enhance vehicle performance, efficiency, and safety by continuously optimizing power distribution across vehicle wheels based on complex environmental and driving conditions.
- Integration with Advanced Driver Assistance Systems: Torque vectoring technologies are increasingly being integrated with advanced driver assistance systems (ADAS), creating more comprehensive vehicle control platforms. This trend enables seamless interaction between torque vectoring, stability control, and autonomous driving technologies, providing more sophisticated and predictive vehicle handling capabilities. The convergence of these technologies supports improved vehicle safety, performance, and overall driving experience across diverse automotive segments.
- Emerging Market Expansion and Technological Diversification: Developing automotive markets present significant opportunities for torque vectoring technology providers to introduce innovative, region-specific solutions. These markets demonstrate growing technological sophistication and increasing demand for advanced vehicle performance technologies. Providers can develop customized torque vectoring systems addressing unique regional requirements, such as varied road conditions, driving environments, and performance expectations, thereby establishing strong market positioning.
- Performance and Motorsport Technology Transfer: The motorsport and high-performance automotive segments offer substantial opportunities for torque vectoring technology development and market expansion. Advanced racing technologies can be adapted and refined for mainstream automotive applications, driving innovation and creating new market segments. Manufacturers can leverage motorsport-derived torque vectoring technologies to develop more sophisticated, performance-oriented vehicle platforms across various automotive segments.
- Sustainable Performance Technologies: The automotive industry's growing emphasis on sustainability creates opportunities for developing eco-friendly torque vectoring technologies. Providers can focus on creating more energy-efficient torque vectoring systems that reduce overall vehicle energy consumption while maintaining high performance standards. By integrating sustainable design principles and optimizing power distribution strategies, manufacturers can develop torque vectoring technologies that support both performance enhancement and environmental consciousness.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Torque Vectoring 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 Torque Vectoring 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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- 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
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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
Some of the customization options available based on the request are an 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.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Torque Vectoring Market include American Axle and Manufacturing, Inc., BorgWarner Inc., Dana Incorporated GKN, JTEKT Corporation, Magna International Inc., Prodrive, Robert Bosch GmbH, Schaeffler AG,and ZF Friedrichshafen AG
Higher Adoption of Active Torque Vectoring Systems and Trend towards Active System is the key future trend of the Torque Vectoring Market
The Torque Vectoring Market is estimated to witness a CAGR of 10.3% from 2023 to 2031
The major factors driving the Torque Vectoring Market are:Customer Demand to Improve Performance and Handling of a Vehicle#New AWD Systems
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Torque Vectoring Market - By Technology
1.3.2 Torque Vectoring Market - By Propulsion
1.3.3 Torque Vectoring Market - By Electric Vehicle
1.3.4 Torque Vectoring Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TORQUE VECTORING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. TORQUE VECTORING 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. TORQUE VECTORING MARKET - GLOBAL MARKET ANALYSIS
6.1. TORQUE VECTORING - GLOBAL MARKET OVERVIEW
6.2. TORQUE VECTORING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TORQUE VECTORING MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. PASSIVE TORQUE VECTORING SYSTEM (PTVS)
7.3.1. Overview
7.3.2. Passive Torque Vectoring System (Ptvs) Market Forecast and Analysis
7.4. ACTIVE TORQUE VECTORING SYSTEM (ATVS)
7.4.1. Overview
7.4.2. Active Torque Vectoring System (Atvs) Market Forecast and Analysis
8. TORQUE VECTORING MARKET - REVENUE AND FORECASTS TO 2028 - PROPULSION
8.1. OVERVIEW
8.2. PROPULSION MARKET FORECASTS AND ANALYSIS
8.3. REAR-WHEEL DRIVE (RWD)
8.3.1. Overview
8.3.2. Rear-Wheel Drive (Rwd) Market Forecast and Analysis
8.4. FRONT-WHEEL DRIVE (FWD)
8.4.1. Overview
8.4.2. Front-Wheel Drive (Fwd) Market Forecast and Analysis
8.5. ALL-WHEEL DRIVE (AWD)
8.5.1. Overview
8.5.2. All-Wheel Drive (Awd) Market Forecast and Analysis
9. TORQUE VECTORING MARKET - REVENUE AND FORECASTS TO 2028 - ELECTRIC VEHICLE
9.1. OVERVIEW
9.2. ELECTRIC VEHICLE MARKET FORECASTS AND ANALYSIS
9.3. HYBRID ELECTRIC VEHICLE
9.3.1. Overview
9.3.2. Hybrid Electric Vehicle Market Forecast and Analysis
9.4. BATTERY ELECTRIC VEHICLE
9.4.1. Overview
9.4.2. Battery Electric Vehicle Market Forecast and Analysis
10. TORQUE VECTORING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Torque Vectoring Market Overview
10.1.2 North America Torque Vectoring Market Forecasts and Analysis
10.1.3 North America Torque Vectoring Market Forecasts and Analysis - By Technology
10.1.4 North America Torque Vectoring Market Forecasts and Analysis - By Propulsion
10.1.5 North America Torque Vectoring Market Forecasts and Analysis - By Electric Vehicle
10.1.6 North America Torque Vectoring Market Forecasts and Analysis - By Countries
10.1.6.1 United States Torque Vectoring Market
10.1.6.1.1 United States Torque Vectoring Market by Technology
10.1.6.1.2 United States Torque Vectoring Market by Propulsion
10.1.6.1.3 United States Torque Vectoring Market by Electric Vehicle
10.1.6.2 Canada Torque Vectoring Market
10.1.6.2.1 Canada Torque Vectoring Market by Technology
10.1.6.2.2 Canada Torque Vectoring Market by Propulsion
10.1.6.2.3 Canada Torque Vectoring Market by Electric Vehicle
10.1.6.3 Mexico Torque Vectoring Market
10.1.6.3.1 Mexico Torque Vectoring Market by Technology
10.1.6.3.2 Mexico Torque Vectoring Market by Propulsion
10.1.6.3.3 Mexico Torque Vectoring Market by Electric Vehicle
10.2. EUROPE
10.2.1 Europe Torque Vectoring Market Overview
10.2.2 Europe Torque Vectoring Market Forecasts and Analysis
10.2.3 Europe Torque Vectoring Market Forecasts and Analysis - By Technology
10.2.4 Europe Torque Vectoring Market Forecasts and Analysis - By Propulsion
10.2.5 Europe Torque Vectoring Market Forecasts and Analysis - By Electric Vehicle
10.2.6 Europe Torque Vectoring Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Torque Vectoring Market
10.2.6.1.1 Germany Torque Vectoring Market by Technology
10.2.6.1.2 Germany Torque Vectoring Market by Propulsion
10.2.6.1.3 Germany Torque Vectoring Market by Electric Vehicle
10.2.6.2 France Torque Vectoring Market
10.2.6.2.1 France Torque Vectoring Market by Technology
10.2.6.2.2 France Torque Vectoring Market by Propulsion
10.2.6.2.3 France Torque Vectoring Market by Electric Vehicle
10.2.6.3 Italy Torque Vectoring Market
10.2.6.3.1 Italy Torque Vectoring Market by Technology
10.2.6.3.2 Italy Torque Vectoring Market by Propulsion
10.2.6.3.3 Italy Torque Vectoring Market by Electric Vehicle
10.2.6.4 United Kingdom Torque Vectoring Market
10.2.6.4.1 United Kingdom Torque Vectoring Market by Technology
10.2.6.4.2 United Kingdom Torque Vectoring Market by Propulsion
10.2.6.4.3 United Kingdom Torque Vectoring Market by Electric Vehicle
10.2.6.5 Russia Torque Vectoring Market
10.2.6.5.1 Russia Torque Vectoring Market by Technology
10.2.6.5.2 Russia Torque Vectoring Market by Propulsion
10.2.6.5.3 Russia Torque Vectoring Market by Electric Vehicle
10.2.6.6 Rest of Europe Torque Vectoring Market
10.2.6.6.1 Rest of Europe Torque Vectoring Market by Technology
10.2.6.6.2 Rest of Europe Torque Vectoring Market by Propulsion
10.2.6.6.3 Rest of Europe Torque Vectoring Market by Electric Vehicle
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Torque Vectoring Market Overview
10.3.2 Asia-Pacific Torque Vectoring Market Forecasts and Analysis
10.3.3 Asia-Pacific Torque Vectoring Market Forecasts and Analysis - By Technology
10.3.4 Asia-Pacific Torque Vectoring Market Forecasts and Analysis - By Propulsion
10.3.5 Asia-Pacific Torque Vectoring Market Forecasts and Analysis - By Electric Vehicle
10.3.6 Asia-Pacific Torque Vectoring Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Torque Vectoring Market
10.3.6.1.1 Australia Torque Vectoring Market by Technology
10.3.6.1.2 Australia Torque Vectoring Market by Propulsion
10.3.6.1.3 Australia Torque Vectoring Market by Electric Vehicle
10.3.6.2 China Torque Vectoring Market
10.3.6.2.1 China Torque Vectoring Market by Technology
10.3.6.2.2 China Torque Vectoring Market by Propulsion
10.3.6.2.3 China Torque Vectoring Market by Electric Vehicle
10.3.6.3 India Torque Vectoring Market
10.3.6.3.1 India Torque Vectoring Market by Technology
10.3.6.3.2 India Torque Vectoring Market by Propulsion
10.3.6.3.3 India Torque Vectoring Market by Electric Vehicle
10.3.6.4 Japan Torque Vectoring Market
10.3.6.4.1 Japan Torque Vectoring Market by Technology
10.3.6.4.2 Japan Torque Vectoring Market by Propulsion
10.3.6.4.3 Japan Torque Vectoring Market by Electric Vehicle
10.3.6.5 South Korea Torque Vectoring Market
10.3.6.5.1 South Korea Torque Vectoring Market by Technology
10.3.6.5.2 South Korea Torque Vectoring Market by Propulsion
10.3.6.5.3 South Korea Torque Vectoring Market by Electric Vehicle
10.3.6.6 Rest of Asia-Pacific Torque Vectoring Market
10.3.6.6.1 Rest of Asia-Pacific Torque Vectoring Market by Technology
10.3.6.6.2 Rest of Asia-Pacific Torque Vectoring Market by Propulsion
10.3.6.6.3 Rest of Asia-Pacific Torque Vectoring Market by Electric Vehicle
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Torque Vectoring Market Overview
10.4.2 Middle East and Africa Torque Vectoring Market Forecasts and Analysis
10.4.3 Middle East and Africa Torque Vectoring Market Forecasts and Analysis - By Technology
10.4.4 Middle East and Africa Torque Vectoring Market Forecasts and Analysis - By Propulsion
10.4.5 Middle East and Africa Torque Vectoring Market Forecasts and Analysis - By Electric Vehicle
10.4.6 Middle East and Africa Torque Vectoring Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Torque Vectoring Market
10.4.6.1.1 South Africa Torque Vectoring Market by Technology
10.4.6.1.2 South Africa Torque Vectoring Market by Propulsion
10.4.6.1.3 South Africa Torque Vectoring Market by Electric Vehicle
10.4.6.2 Saudi Arabia Torque Vectoring Market
10.4.6.2.1 Saudi Arabia Torque Vectoring Market by Technology
10.4.6.2.2 Saudi Arabia Torque Vectoring Market by Propulsion
10.4.6.2.3 Saudi Arabia Torque Vectoring Market by Electric Vehicle
10.4.6.3 U.A.E Torque Vectoring Market
10.4.6.3.1 U.A.E Torque Vectoring Market by Technology
10.4.6.3.2 U.A.E Torque Vectoring Market by Propulsion
10.4.6.3.3 U.A.E Torque Vectoring Market by Electric Vehicle
10.4.6.4 Rest of Middle East and Africa Torque Vectoring Market
10.4.6.4.1 Rest of Middle East and Africa Torque Vectoring Market by Technology
10.4.6.4.2 Rest of Middle East and Africa Torque Vectoring Market by Propulsion
10.4.6.4.3 Rest of Middle East and Africa Torque Vectoring Market by Electric Vehicle
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Torque Vectoring Market Overview
10.5.2 South and Central America Torque Vectoring Market Forecasts and Analysis
10.5.3 South and Central America Torque Vectoring Market Forecasts and Analysis - By Technology
10.5.4 South and Central America Torque Vectoring Market Forecasts and Analysis - By Propulsion
10.5.5 South and Central America Torque Vectoring Market Forecasts and Analysis - By Electric Vehicle
10.5.6 South and Central America Torque Vectoring Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Torque Vectoring Market
10.5.6.1.1 Brazil Torque Vectoring Market by Technology
10.5.6.1.2 Brazil Torque Vectoring Market by Propulsion
10.5.6.1.3 Brazil Torque Vectoring Market by Electric Vehicle
10.5.6.2 Argentina Torque Vectoring Market
10.5.6.2.1 Argentina Torque Vectoring Market by Technology
10.5.6.2.2 Argentina Torque Vectoring Market by Propulsion
10.5.6.2.3 Argentina Torque Vectoring Market by Electric Vehicle
10.5.6.3 Rest of South and Central America Torque Vectoring Market
10.5.6.3.1 Rest of South and Central America Torque Vectoring Market by Technology
10.5.6.3.2 Rest of South and Central America Torque Vectoring Market by Propulsion
10.5.6.3.3 Rest of South and Central America Torque Vectoring Market by Electric Vehicle
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. TORQUE VECTORING MARKET, KEY COMPANY PROFILES
12.1. AMERICAN AXLE AND MANUFACTURING, INC.
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. BORGWARNER INC.
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. DANA INCORPORATED
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. GKN
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. JTEKT CORPORATION
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. MAGNA INTERNATIONAL 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. PRODRIVE
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. ROBERT BOSCH GMBH
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. SCHAEFFLER AG
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. ZF FRIEDRICHSHAFEN AG
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
1.American Axle and Manufacturing, Inc.
2.BorgWarner Inc.
3.Dana Incorporated
4.GKN
5.JTEKT Corporation
6.Magna International Inc.
7.Prodrive
8.Robert Bosch GmbH
9.Schaeffler AG
10.ZF Friedrichshafen AG
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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