The Vision processing unit Market is expected to register a CAGR of 17.3% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Application (Smartphones, Drones, Cameras, AR/VR, ADAS); Industries Vertical (Consumer Electronics, Security and Surveillance, Automotive, Others); Fabrication Process (Less or Equal To16 nm, More Than16-28 nm). 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 Vision processing unit 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.
Vision processing unit Market Segmentation
Application- Smartphones
- Drones
- Cameras
- AR/VR
- ADAS
- Consumer Electronics
- Security and Surveillance
- Automotive
- Others
- Consumer Electronics
- Security and Surveillance
- Automotive
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Vision processing unit Market Growth Drivers- Demand for Autonomous Systems: One of the largest drivers of the VPU market is the rise of autonomous vehicles (self-driving cars). These vehicles rely heavily on cameras and vision systems for navigation, object detection, and collision avoidance. VPUs help process the vast amounts of data generated by these systems in real-time, enabling safe and efficient autonomous driving.
- Growth of Smart Cameras and IoT Devices: With increasing demand for smart security cameras, facial recognition systems, and intelligent surveillance systems, VPUs are being integrated to enhance image processing capabilities. VPUs enable faster processing of high-resolution video feeds for real-time analysis and decision-making.
- Shift Towards Low-Power, High-Performance Processing: As applications in mobile devices, IoT, and robotics require more power-efficient solutions, the trend towards low-power, high-performance VPUs is gaining traction. Manufacturers are focusing on developing VPUs that consume less power while providing the processing power needed for advanced vision and AI tasks, allowing devices to perform efficiently without draining battery life.
- Integration of VPUs with Deep Learning and Neural Networks: The increasing use of deep learning and neural networks in vision processing tasks is a significant trend. VPUs are being designed to accelerate deep learning algorithms, enabling faster object detection, pattern recognition, and classification. This integration is making VPUs essential for AI-driven applications in industries such as healthcare, automotive, and manufacturing.
- Growing Market for Autonomous Drones: The rise in autonomous drones presents a significant opportunity for the VPU market. Drones require high-performance vision processing capabilities for tasks like obstacle detection, navigation, and data collection. By incorporating VPUs, drones can process visual data in real time, enabling more efficient and safer autonomous flight. This opens up new opportunities in industries such as agriculture, logistics, and surveillance.
- Healthcare and Medical Imaging Advancements: Vision processing units have a vast opportunity in healthcare, particularly in medical imaging applications. As the demand for AI-powered diagnostics, such as image recognition in radiology, increases, VPUs can play a crucial role in processing large amounts of visual data quickly and accurately, enabling faster diagnoses and improving patient care.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Vision processing unit 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 Vision processing unit 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.
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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
- 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 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
The major factors driving the Vision processing unit market are Demand for Autonomous Systems and Growth of Smart Cameras and IoT Devices.
Advancements in AI and Machine Learning is anticipated to play a significant role in the global Vision processing unit market in the coming years
The Vision processing unit Market is estimated to witness a CAGR of 21.4% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Vision Processing Unit Market - By Application
1.3.2 Vision Processing Unit Market - By Industries Vertical
1.3.3 Vision Processing Unit Market - By Fabrication Process
1.3.4 Vision Processing Unit Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VISION PROCESSING UNIT 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. VISION PROCESSING UNIT 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. VISION PROCESSING UNIT MARKET - GLOBAL MARKET ANALYSIS
6.1. VISION PROCESSING UNIT - GLOBAL MARKET OVERVIEW
6.2. VISION PROCESSING UNIT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. VISION PROCESSING UNIT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. SMARTPHONES
7.3.1. Overview
7.3.2. Smartphones Market Forecast and Analysis
7.4. DRONES
7.4.1. Overview
7.4.2. Drones Market Forecast and Analysis
7.5. CAMERAS
7.5.1. Overview
7.5.2. Cameras Market Forecast and Analysis
7.6. AR/VR
7.6.1. Overview
7.6.2. AR/VR Market Forecast and Analysis
7.7. ADAS
7.7.1. Overview
7.7.2. ADAS Market Forecast and Analysis
8. VISION PROCESSING UNIT MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRIES VERTICAL
8.1. OVERVIEW
8.2. INDUSTRIES VERTICAL MARKET FORECASTS AND ANALYSIS
8.3. CONSUMER ELECTRONICS
8.3.1. Overview
8.3.2. Consumer Electronics Market Forecast and Analysis
8.4. SECURITY AND SURVEILLANCE
8.4.1. Overview
8.4.2. Security and Surveillance Market Forecast and Analysis
8.5. AUTOMOTIVE
8.5.1. Overview
8.5.2. Automotive Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. VISION PROCESSING UNIT MARKET - REVENUE AND FORECASTS TO 2028 - FABRICATION PROCESS
9.1. OVERVIEW
9.2. FABRICATION PROCESS MARKET FORECASTS AND ANALYSIS
9.3. LESS OR EQUAL TO16 NM
9.3.1. Overview
9.3.2. Less or Equal To16 nm Market Forecast and Analysis
9.4. MORE THAN16-28 NM
9.4.1. Overview
9.4.2. More Than16-28 nm Market Forecast and Analysis
10. VISION PROCESSING UNIT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Vision Processing Unit Market Overview
10.1.2 North America Vision Processing Unit Market Forecasts and Analysis
10.1.3 North America Vision Processing Unit Market Forecasts and Analysis - By Application
10.1.4 North America Vision Processing Unit Market Forecasts and Analysis - By Industries Vertical
10.1.5 North America Vision Processing Unit Market Forecasts and Analysis - By Fabrication Process
10.1.6 North America Vision Processing Unit Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Vision Processing Unit Market
10.1.6.1.1 Canada Vision Processing Unit Market by Application
10.1.6.1.2 Canada Vision Processing Unit Market by Industries Vertical
10.1.6.1.3 Canada Vision Processing Unit Market by Fabrication Process
10.1.6.2 Mexico Vision Processing Unit Market
10.1.6.2.1 Mexico Vision Processing Unit Market by Application
10.1.6.2.2 Mexico Vision Processing Unit Market by Industries Vertical
10.1.6.2.3 Mexico Vision Processing Unit Market by Fabrication Process
10.1.6.3 US Vision Processing Unit Market
10.1.6.3.1 US Vision Processing Unit Market by Application
10.1.6.3.2 US Vision Processing Unit Market by Industries Vertical
10.1.6.3.3 US Vision Processing Unit Market by Fabrication Process
10.2. EUROPE
10.2.1 Europe Vision Processing Unit Market Overview
10.2.2 Europe Vision Processing Unit Market Forecasts and Analysis
10.2.3 Europe Vision Processing Unit Market Forecasts and Analysis - By Application
10.2.4 Europe Vision Processing Unit Market Forecasts and Analysis - By Industries Vertical
10.2.5 Europe Vision Processing Unit Market Forecasts and Analysis - By Fabrication Process
10.2.6 Europe Vision Processing Unit Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Vision Processing Unit Market
10.2.6.1.1 Germany Vision Processing Unit Market by Application
10.2.6.1.2 Germany Vision Processing Unit Market by Industries Vertical
10.2.6.1.3 Germany Vision Processing Unit Market by Fabrication Process
10.2.6.2 France Vision Processing Unit Market
10.2.6.2.1 France Vision Processing Unit Market by Application
10.2.6.2.2 France Vision Processing Unit Market by Industries Vertical
10.2.6.2.3 France Vision Processing Unit Market by Fabrication Process
10.2.6.3 Italy Vision Processing Unit Market
10.2.6.3.1 Italy Vision Processing Unit Market by Application
10.2.6.3.2 Italy Vision Processing Unit Market by Industries Vertical
10.2.6.3.3 Italy Vision Processing Unit Market by Fabrication Process
10.2.6.4 United Kingdom Vision Processing Unit Market
10.2.6.4.1 United Kingdom Vision Processing Unit Market by Application
10.2.6.4.2 United Kingdom Vision Processing Unit Market by Industries Vertical
10.2.6.4.3 United Kingdom Vision Processing Unit Market by Fabrication Process
10.2.6.5 Russia Vision Processing Unit Market
10.2.6.5.1 Russia Vision Processing Unit Market by Application
10.2.6.5.2 Russia Vision Processing Unit Market by Industries Vertical
10.2.6.5.3 Russia Vision Processing Unit Market by Fabrication Process
10.2.6.6 Rest of Europe Vision Processing Unit Market
10.2.6.6.1 Rest of Europe Vision Processing Unit Market by Application
10.2.6.6.2 Rest of Europe Vision Processing Unit Market by Industries Vertical
10.2.6.6.3 Rest of Europe Vision Processing Unit Market by Fabrication Process
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Vision Processing Unit Market Overview
10.3.2 Asia-Pacific Vision Processing Unit Market Forecasts and Analysis
10.3.3 Asia-Pacific Vision Processing Unit Market Forecasts and Analysis - By Application
10.3.4 Asia-Pacific Vision Processing Unit Market Forecasts and Analysis - By Industries Vertical
10.3.5 Asia-Pacific Vision Processing Unit Market Forecasts and Analysis - By Fabrication Process
10.3.6 Asia-Pacific Vision Processing Unit Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Vision Processing Unit Market
10.3.6.1.1 Australia Vision Processing Unit Market by Application
10.3.6.1.2 Australia Vision Processing Unit Market by Industries Vertical
10.3.6.1.3 Australia Vision Processing Unit Market by Fabrication Process
10.3.6.2 China Vision Processing Unit Market
10.3.6.2.1 China Vision Processing Unit Market by Application
10.3.6.2.2 China Vision Processing Unit Market by Industries Vertical
10.3.6.2.3 China Vision Processing Unit Market by Fabrication Process
10.3.6.3 India Vision Processing Unit Market
10.3.6.3.1 India Vision Processing Unit Market by Application
10.3.6.3.2 India Vision Processing Unit Market by Industries Vertical
10.3.6.3.3 India Vision Processing Unit Market by Fabrication Process
10.3.6.4 Japan Vision Processing Unit Market
10.3.6.4.1 Japan Vision Processing Unit Market by Application
10.3.6.4.2 Japan Vision Processing Unit Market by Industries Vertical
10.3.6.4.3 Japan Vision Processing Unit Market by Fabrication Process
10.3.6.5 South Korea Vision Processing Unit Market
10.3.6.5.1 South Korea Vision Processing Unit Market by Application
10.3.6.5.2 South Korea Vision Processing Unit Market by Industries Vertical
10.3.6.5.3 South Korea Vision Processing Unit Market by Fabrication Process
10.3.6.6 Rest of Asia-Pacific Vision Processing Unit Market
10.3.6.6.1 Rest of Asia-Pacific Vision Processing Unit Market by Application
10.3.6.6.2 Rest of Asia-Pacific Vision Processing Unit Market by Industries Vertical
10.3.6.6.3 Rest of Asia-Pacific Vision Processing Unit Market by Fabrication Process
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Vision Processing Unit Market Overview
10.4.2 Middle East and Africa Vision Processing Unit Market Forecasts and Analysis
10.4.3 Middle East and Africa Vision Processing Unit Market Forecasts and Analysis - By Application
10.4.4 Middle East and Africa Vision Processing Unit Market Forecasts and Analysis - By Industries Vertical
10.4.5 Middle East and Africa Vision Processing Unit Market Forecasts and Analysis - By Fabrication Process
10.4.6 Middle East and Africa Vision Processing Unit Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Vision Processing Unit Market
10.4.6.1.1 South Africa Vision Processing Unit Market by Application
10.4.6.1.2 South Africa Vision Processing Unit Market by Industries Vertical
10.4.6.1.3 South Africa Vision Processing Unit Market by Fabrication Process
10.4.6.2 Saudi Arabia Vision Processing Unit Market
10.4.6.2.1 Saudi Arabia Vision Processing Unit Market by Application
10.4.6.2.2 Saudi Arabia Vision Processing Unit Market by Industries Vertical
10.4.6.2.3 Saudi Arabia Vision Processing Unit Market by Fabrication Process
10.4.6.3 U.A.E Vision Processing Unit Market
10.4.6.3.1 U.A.E Vision Processing Unit Market by Application
10.4.6.3.2 U.A.E Vision Processing Unit Market by Industries Vertical
10.4.6.3.3 U.A.E Vision Processing Unit Market by Fabrication Process
10.4.6.4 Rest of Middle East and Africa Vision Processing Unit Market
10.4.6.4.1 Rest of Middle East and Africa Vision Processing Unit Market by Application
10.4.6.4.2 Rest of Middle East and Africa Vision Processing Unit Market by Industries Vertical
10.4.6.4.3 Rest of Middle East and Africa Vision Processing Unit Market by Fabrication Process
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Vision Processing Unit Market Overview
10.5.2 South and Central America Vision Processing Unit Market Forecasts and Analysis
10.5.3 South and Central America Vision Processing Unit Market Forecasts and Analysis - By Application
10.5.4 South and Central America Vision Processing Unit Market Forecasts and Analysis - By Industries Vertical
10.5.5 South and Central America Vision Processing Unit Market Forecasts and Analysis - By Fabrication Process
10.5.6 South and Central America Vision Processing Unit Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Vision Processing Unit Market
10.5.6.1.1 Brazil Vision Processing Unit Market by Application
10.5.6.1.2 Brazil Vision Processing Unit Market by Industries Vertical
10.5.6.1.3 Brazil Vision Processing Unit Market by Fabrication Process
10.5.6.2 Argentina Vision Processing Unit Market
10.5.6.2.1 Argentina Vision Processing Unit Market by Application
10.5.6.2.2 Argentina Vision Processing Unit Market by Industries Vertical
10.5.6.2.3 Argentina Vision Processing Unit Market by Fabrication Process
10.5.6.3 Rest of South and Central America Vision Processing Unit Market
10.5.6.3.1 Rest of South and Central America Vision Processing Unit Market by Application
10.5.6.3.2 Rest of South and Central America Vision Processing Unit Market by Industries Vertical
10.5.6.3.3 Rest of South and Central America Vision Processing Unit Market by Fabrication Process
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. VISION PROCESSING UNIT MARKET, KEY COMPANY PROFILES
12.1. SAMSUNG
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. MOVIDIUS
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. NXP SEMICONDUCTOR
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. CADENCE
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. CEVA
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. MEDIATEK
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. GOOGLE
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. HISILICON TECHNOLOGIES (HUAWEI)
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. INUITIVE
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. LATTICE SEMICONDUCTOR
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. Samsung
2. Movidius
3. NXP Semiconductor
4. Cadence
5. Ceva
6. Mediatek
7. Google
8. Hisilicon Technologies (Huawei)
9. Inuitive
10. Lattice Semiconductor
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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