V2X Communication Market Dynamics 2021-2031
The V2X Communication Market is expected to register a CAGR of 46.3% 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 Communication Type (V2V, V2I, V2P, V2C, V2G, Others); Propulsion Type (Internal Combustion Engine (ICE), Electric Vehicles (EV)); Vehicle type (Passenger Car, Commercial 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 V2X Communication 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.
V2X Communication Market Segmentation
Communication Type- V2V
- V2I
- V2P
- V2C
- V2G
- Others
- Internal Combustion Engine
- Passenger Car
- Commercial Vehicle
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- South & Central America
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- South & Central America
Strategic Insights
V2X Communication Market Growth Drivers- Advancements in Autonomous Vehicles: The rise of autonomous vehicles (AVs) is a key driver of the V2X (Vehicle-to-Everything) communication market. V2X technology enables seamless communication between vehicles, infrastructure, and pedestrians, which is essential for the safe operation of autonomous cars. As AVs become more prevalent, the demand for V2X systems to ensure safety, navigation, and traffic management grows, propelling the market forward.
- Government Initiatives and Regulations: Governments around the world are increasingly prioritizing V2X communication technologies to improve road safety and reduce traffic congestion. Regulatory frameworks, such as the U.S. government's push for V2X technology integration in vehicle safety standards, and Europe’s green and mobility policies, are accelerating the adoption of V2X systems. These initiatives create a conducive environment for market growth.
- 5G Integration for Real-Time Communication: The integration of 5G networks with V2X communication systems is a prominent trend. 5G’s ultra-low latency and high-speed capabilities enable real-time, data-intensive exchanges between vehicles, infrastructure, and other road participants. This trend enhances the overall functionality and effectiveness of V2X technology, supporting safer and more efficient road environments.
- Focus on Road Safety and Traffic Efficiency: A growing focus on improving road safety and reducing accidents is driving the development of V2X technologies. By enabling vehicles to communicate with each other and infrastructure, V2X systems can enhance collision avoidance, reduce traffic congestion, and provide real-time traffic management. This trend is central to smart city initiatives, making V2X communication essential for modern urban transportation systems.
- Expansion of Smart Cities: As cities become smarter, the opportunity for V2X communication to enhance urban mobility grows. Smart city projects often include the integration of V2X technologies to improve transportation infrastructure, including smart traffic signals, connected vehicles, and pedestrian safety. The rapid development of smart cities worldwide provides a significant market opportunity for V2X communication providers.
- Growth in Electric Vehicle Adoption: The rising adoption of electric vehicles (EVs) presents an opportunity for V2X communication systems. EVs often rely on advanced technology for autonomous driving and charging infrastructure integration. V2X systems can improve EV functionality, including optimizing charging station usage and ensuring better energy management within smart grids, thus expanding the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the V2X Communication 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 V2X Communication 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
The V2X Communication Market is estimated to witness a CAGR of 46.3% from 2023 to 2031
The major factors driving the V2X Communication Market are:Technological Advancements#Increasing Consumer Demand for Connectivity
Shift Towards Enhanced Safety Features is the key future trend of the V2X Communication Market
The leading players operating in the V2X Communication Market include Cisco Systems Inc, Continental AG, DENSO CORPORATION, General Motors Company, HARMAN International, Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies Inc, STMicroelectronics
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on 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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 V2X Communication Market - By Communication Type
1.3.2 V2X Communication Market - By Propulsion Type
1.3.3 V2X Communication Market - By Vehicle type
1.3.4 V2X Communication Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. V2X COMMUNICATION 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. V2X COMMUNICATION 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. V2X COMMUNICATION MARKET - GLOBAL MARKET ANALYSIS
6.1. V2X COMMUNICATION - GLOBAL MARKET OVERVIEW
6.2. V2X COMMUNICATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. V2X COMMUNICATION MARKET - REVENUE AND FORECASTS TO 2028 - COMMUNICATION TYPE
7.1. OVERVIEW
7.2. COMMUNICATION TYPE MARKET FORECASTS AND ANALYSIS
7.3. V2V
7.3.1. Overview
7.3.2. V2V Market Forecast and Analysis
7.4. V2I
7.4.1. Overview
7.4.2. V2I Market Forecast and Analysis
7.5. V2P
7.5.1. Overview
7.5.2. V2P Market Forecast and Analysis
7.6. V2C
7.6.1. Overview
7.6.2. V2C Market Forecast and Analysis
7.7. V2G
7.7.1. Overview
7.7.2. V2G Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. V2X COMMUNICATION MARKET - REVENUE AND FORECASTS TO 2028 - PROPULSION TYPE
8.1. OVERVIEW
8.2. PROPULSION TYPE MARKET FORECASTS AND ANALYSIS
8.3. INTERNAL COMBUSTION ENGINE (ICE)
8.3.1. Overview
8.3.2. Internal Combustion Engine (ICE) Market Forecast and Analysis
8.4. ELECTRIC VEHICLES (EV)
8.4.1. Overview
8.4.2. Electric Vehicles (EV) Market Forecast and Analysis
9. V2X COMMUNICATION MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
9.1. OVERVIEW
9.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
9.3. PASSENGER CAR
9.3.1. Overview
9.3.2. Passenger Car Market Forecast and Analysis
9.4. COMMERCIAL VEHICLE
9.4.1. Overview
9.4.2. Commercial Vehicle Market Forecast and Analysis
10. V2X COMMUNICATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America V2X Communication Market Overview
10.1.2 North America V2X Communication Market Forecasts and Analysis
10.1.3 North America V2X Communication Market Forecasts and Analysis - By Communication Type
10.1.4 North America V2X Communication Market Forecasts and Analysis - By Propulsion Type
10.1.5 North America V2X Communication Market Forecasts and Analysis - By Vehicle type
10.1.6 North America V2X Communication Market Forecasts and Analysis - By Countries
10.1.6.1 United States V2X Communication Market
10.1.6.1.1 United States V2X Communication Market by Communication Type
10.1.6.1.2 United States V2X Communication Market by Propulsion Type
10.1.6.1.3 United States V2X Communication Market by Vehicle type
10.1.6.2 Canada V2X Communication Market
10.1.6.2.1 Canada V2X Communication Market by Communication Type
10.1.6.2.2 Canada V2X Communication Market by Propulsion Type
10.1.6.2.3 Canada V2X Communication Market by Vehicle type
10.1.6.3 Mexico V2X Communication Market
10.1.6.3.1 Mexico V2X Communication Market by Communication Type
10.1.6.3.2 Mexico V2X Communication Market by Propulsion Type
10.1.6.3.3 Mexico V2X Communication Market by Vehicle type
10.2. EUROPE
10.2.1 Europe V2X Communication Market Overview
10.2.2 Europe V2X Communication Market Forecasts and Analysis
10.2.3 Europe V2X Communication Market Forecasts and Analysis - By Communication Type
10.2.4 Europe V2X Communication Market Forecasts and Analysis - By Propulsion Type
10.2.5 Europe V2X Communication Market Forecasts and Analysis - By Vehicle type
10.2.6 Europe V2X Communication Market Forecasts and Analysis - By Countries
10.2.6.1 Germany V2X Communication Market
10.2.6.1.1 Germany V2X Communication Market by Communication Type
10.2.6.1.2 Germany V2X Communication Market by Propulsion Type
10.2.6.1.3 Germany V2X Communication Market by Vehicle type
10.2.6.2 France V2X Communication Market
10.2.6.2.1 France V2X Communication Market by Communication Type
10.2.6.2.2 France V2X Communication Market by Propulsion Type
10.2.6.2.3 France V2X Communication Market by Vehicle type
10.2.6.3 Italy V2X Communication Market
10.2.6.3.1 Italy V2X Communication Market by Communication Type
10.2.6.3.2 Italy V2X Communication Market by Propulsion Type
10.2.6.3.3 Italy V2X Communication Market by Vehicle type
10.2.6.4 United Kingdom V2X Communication Market
10.2.6.4.1 United Kingdom V2X Communication Market by Communication Type
10.2.6.4.2 United Kingdom V2X Communication Market by Propulsion Type
10.2.6.4.3 United Kingdom V2X Communication Market by Vehicle type
10.2.6.5 Russia V2X Communication Market
10.2.6.5.1 Russia V2X Communication Market by Communication Type
10.2.6.5.2 Russia V2X Communication Market by Propulsion Type
10.2.6.5.3 Russia V2X Communication Market by Vehicle type
10.2.6.6 Rest of Europe V2X Communication Market
10.2.6.6.1 Rest of Europe V2X Communication Market by Communication Type
10.2.6.6.2 Rest of Europe V2X Communication Market by Propulsion Type
10.2.6.6.3 Rest of Europe V2X Communication Market by Vehicle type
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific V2X Communication Market Overview
10.3.2 Asia-Pacific V2X Communication Market Forecasts and Analysis
10.3.3 Asia-Pacific V2X Communication Market Forecasts and Analysis - By Communication Type
10.3.4 Asia-Pacific V2X Communication Market Forecasts and Analysis - By Propulsion Type
10.3.5 Asia-Pacific V2X Communication Market Forecasts and Analysis - By Vehicle type
10.3.6 Asia-Pacific V2X Communication Market Forecasts and Analysis - By Countries
10.3.6.1 Australia V2X Communication Market
10.3.6.1.1 Australia V2X Communication Market by Communication Type
10.3.6.1.2 Australia V2X Communication Market by Propulsion Type
10.3.6.1.3 Australia V2X Communication Market by Vehicle type
10.3.6.2 China V2X Communication Market
10.3.6.2.1 China V2X Communication Market by Communication Type
10.3.6.2.2 China V2X Communication Market by Propulsion Type
10.3.6.2.3 China V2X Communication Market by Vehicle type
10.3.6.3 India V2X Communication Market
10.3.6.3.1 India V2X Communication Market by Communication Type
10.3.6.3.2 India V2X Communication Market by Propulsion Type
10.3.6.3.3 India V2X Communication Market by Vehicle type
10.3.6.4 Japan V2X Communication Market
10.3.6.4.1 Japan V2X Communication Market by Communication Type
10.3.6.4.2 Japan V2X Communication Market by Propulsion Type
10.3.6.4.3 Japan V2X Communication Market by Vehicle type
10.3.6.5 South Korea V2X Communication Market
10.3.6.5.1 South Korea V2X Communication Market by Communication Type
10.3.6.5.2 South Korea V2X Communication Market by Propulsion Type
10.3.6.5.3 South Korea V2X Communication Market by Vehicle type
10.3.6.6 Rest of Asia-Pacific V2X Communication Market
10.3.6.6.1 Rest of Asia-Pacific V2X Communication Market by Communication Type
10.3.6.6.2 Rest of Asia-Pacific V2X Communication Market by Propulsion Type
10.3.6.6.3 Rest of Asia-Pacific V2X Communication Market by Vehicle type
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa V2X Communication Market Overview
10.4.2 Middle East and Africa V2X Communication Market Forecasts and Analysis
10.4.3 Middle East and Africa V2X Communication Market Forecasts and Analysis - By Communication Type
10.4.4 Middle East and Africa V2X Communication Market Forecasts and Analysis - By Propulsion Type
10.4.5 Middle East and Africa V2X Communication Market Forecasts and Analysis - By Vehicle type
10.4.6 Middle East and Africa V2X Communication Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa V2X Communication Market
10.4.6.1.1 South Africa V2X Communication Market by Communication Type
10.4.6.1.2 South Africa V2X Communication Market by Propulsion Type
10.4.6.1.3 South Africa V2X Communication Market by Vehicle type
10.4.6.2 Saudi Arabia V2X Communication Market
10.4.6.2.1 Saudi Arabia V2X Communication Market by Communication Type
10.4.6.2.2 Saudi Arabia V2X Communication Market by Propulsion Type
10.4.6.2.3 Saudi Arabia V2X Communication Market by Vehicle type
10.4.6.3 U.A.E V2X Communication Market
10.4.6.3.1 U.A.E V2X Communication Market by Communication Type
10.4.6.3.2 U.A.E V2X Communication Market by Propulsion Type
10.4.6.3.3 U.A.E V2X Communication Market by Vehicle type
10.4.6.4 Rest of Middle East and Africa V2X Communication Market
10.4.6.4.1 Rest of Middle East and Africa V2X Communication Market by Communication Type
10.4.6.4.2 Rest of Middle East and Africa V2X Communication Market by Propulsion Type
10.4.6.4.3 Rest of Middle East and Africa V2X Communication Market by Vehicle type
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America V2X Communication Market Overview
10.5.2 South and Central America V2X Communication Market Forecasts and Analysis
10.5.3 South and Central America V2X Communication Market Forecasts and Analysis - By Communication Type
10.5.4 South and Central America V2X Communication Market Forecasts and Analysis - By Propulsion Type
10.5.5 South and Central America V2X Communication Market Forecasts and Analysis - By Vehicle type
10.5.6 South and Central America V2X Communication Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil V2X Communication Market
10.5.6.1.1 Brazil V2X Communication Market by Communication Type
10.5.6.1.2 Brazil V2X Communication Market by Propulsion Type
10.5.6.1.3 Brazil V2X Communication Market by Vehicle type
10.5.6.2 Argentina V2X Communication Market
10.5.6.2.1 Argentina V2X Communication Market by Communication Type
10.5.6.2.2 Argentina V2X Communication Market by Propulsion Type
10.5.6.2.3 Argentina V2X Communication Market by Vehicle type
10.5.6.3 Rest of South and Central America V2X Communication Market
10.5.6.3.1 Rest of South and Central America V2X Communication Market by Communication Type
10.5.6.3.2 Rest of South and Central America V2X Communication Market by Propulsion Type
10.5.6.3.3 Rest of South and Central America V2X Communication Market by Vehicle type
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. V2X COMMUNICATION MARKET, KEY COMPANY PROFILES
12.1. CISCO SYSTEMS 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. CONTINENTAL AG
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. DENSO CORPORATION
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. GENERAL MOTORS COMPANY
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. HARMAN INTERNATIONAL
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. INFINEON TECHNOLOGIES AG
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. NXP SEMICONDUCTORS
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. QUALCOMM TECHNOLOGIES, INC.
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. STMICROELECTRONICS
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. VOLKSWAGEN 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. Cisco Systems Inc.
2. Continental AG
3. DENSO CORPORATION
4. General Motors Company
5. HARMAN International
6. Infineon Technologies AG
7. NXP Semiconductors
8. Qualcomm Technologies, Inc.
9. STMicroelectronics
10. Volkswagen 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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