Wafer Fabrication Market Analysis 2021-2031 | Trends
The Wafer Fabrication Market is expected to register a CAGR of 5.2% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Oxidation Systems, Diffusion Systems, Photolithography Equipment, Others); Size (50 mm-100 mm, 101 mm-200 mm, Above 200 mm); Application (Telecommunications, Medical Devices, Consumer Electronics, Others). 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 Wafer Fabrication 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.
Wafer Fabrication Market Segmentation
Type- Oxidation Systems
- Diffusion Systems
- Photolithography Equipment
- 50 mm-100 mm
- 101 mm-200 mm
- Above 200 mm
- Telecommunications
- Medical Devices
- Consumer Electronics
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South and Central America
Strategic Insights
Wafer Fabrication Market Growth Drivers- Increasing Demand for Semiconductors in Consumer Electronics and Automotive: The increased need for consumer electronics, including smartphones, laptops, wearables, and connected devices, is a primary driver of the wafer fabrication market. Similarly, the automotive industry's transition to electric vehicles (EVs) and advanced driver-assistance systems (ADAS) necessitates high-performance semiconductor circuits, increasing demand for wafer production.
- Technological Developments in Process Nodes and Materials: Continuous advances in semiconductor manufacturing methods, such as the development of smaller process nodes (7nm, 5nm, and below), are propelling the wafer fabrication market. The transition to advanced materials such as silicon carbide (SiC) and gallium nitride (GaN) for high-efficiency power devices and other applications promotes market growth by improving performance and energy efficiency.
- Advanced Packaging Techniques: One of the most important advances in wafer manufacture is the continual shrinking of semiconductor components, which enables smaller, more powerful circuits. Advanced packaging methods, such as System-in-Package (SiP) and 3D stacking, are gaining popularity for accommodating complicated chip designs and boosting chip performance density, resulting in smaller devices with more capabilities.
- Shift Towards Sustainability and Eco-friendly Manufacturing: As the semiconductor industry faces increasing pressure to reduce its environmental impact, sustainability has become an important trend in wafer fabrication. Wafer manufacturing involves significant energy consumption and the use of chemicals, which makes sustainability a priority for both semiconductor manufacturers and governments. Trends toward using renewable energy sources, recycling materials, and reducing water usage in fabrication plants are becoming more prevalent. Additionally, wafer manufacturers are adopting more sustainable processes, such as using less toxic chemicals and optimizing production methods to minimize waste. This trend is driven by both regulatory pressures and the desire to reduce the environmental footprint of wafer fabrication processes.
- Growth of AI, IoT, and 5G Applications: The rapid development of artificial intelligence (AI), the Internet of Things (IoT), and 5G technologies creates considerable prospects for the wafer fabrication business. These technologies necessitate powerful semiconductors with great performance, increasing demand for new wafer production processes capable of producing smaller, faster, and more efficient circuits.
- Sustainability and Green Manufacturing Practices: As the semiconductor industry is under increasing pressure to embrace environmentally responsible practices, there is a rising emphasis on sustainability in wafer production. Manufacturers are looking into ways to save water and energy, decrease waste, and develop green chemistry techniques to make wafer manufacturing more environmentally friendly and cost-effective.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Wafer Fabrication 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 Wafer Fabrication 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
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- 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
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.
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
Advanced packaging techniques are likely to remain a key trend in the market.
Increasing demand for semiconductors in consumer electronics and automotive and technological developments in process nodes and materials are the major factors driving the wafer fabrication market.
Global wafer fabrication market is expected to grow at a CAGR of 5.2% during the forecast period 2024 - 2031.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Wafer Fabrication Market - By Type
1.3.2Wafer Fabrication Market - By Size
1.3.3Wafer Fabrication Market - By Application
1.3.4Wafer Fabrication Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.WAFER FABRICATION 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.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.WAFER FABRICATION 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.WAFER FABRICATION MARKET - GLOBAL MARKET ANALYSIS
6.1.WAFER FABRICATION - GLOBAL MARKET OVERVIEW
6.2.WAFER FABRICATION - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.WAFER FABRICATION MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.OXIDATION SYSTEMS
7.3.1.Overview
7.3.2.Oxidation Systems Market Forecast and Analysis
7.4.DIFFUSION SYSTEMS
7.4.1.Overview
7.4.2.Diffusion Systems Market Forecast and Analysis
7.5.PHOTOLITHOGRAPHY EQUIPMENT
7.5.1.Overview
7.5.2.Photolithography Equipment Market Forecast and Analysis
7.6.OTHERS
7.6.1.Overview
7.6.2.Others Market Forecast and Analysis
8.WAFER FABRICATION MARKET - REVENUE AND FORECASTS TO 2028 " SIZE
8.1.OVERVIEW
8.2.SIZE MARKET FORECASTS AND ANALYSIS
8.3.50 MM-100 MM
8.3.1.Overview
8.3.2.50 mm-100 mm Market Forecast and Analysis
8.4.101 MM-200 MM
8.4.1.Overview
8.4.2.101 mm-200 mm Market Forecast and Analysis
8.5.ABOVE 200MM
8.5.1.Overview
8.5.2.Above 200mm Market Forecast and Analysis
9.WAFER FABRICATION MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS AND ANALYSIS
9.3.TELECOMMUNICATIONS
9.3.1.Overview
9.3.2.Telecommunications Market Forecast and Analysis
9.4.MEDICAL DEVICES
9.4.1.Overview
9.4.2.Medical Devices Market Forecast and Analysis
9.5.CONSUMER ELECTRONICS
9.5.1.Overview
9.5.2.Consumer Electronics Market Forecast and Analysis
9.6.OTHERS
9.6.1.Overview
9.6.2.Others Market Forecast and Analysis
10.WAFER FABRICATION MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Wafer Fabrication Market Overview
10.1.2North America Wafer Fabrication Market Forecasts and Analysis
10.1.3North America Wafer Fabrication Market Forecasts and Analysis - By Type
10.1.4North America Wafer Fabrication Market Forecasts and Analysis - By Size
10.1.5North America Wafer Fabrication Market Forecasts and Analysis - By Application
10.1.6North America Wafer Fabrication Market Forecasts and Analysis - By Countries
10.1.6.1United States Wafer Fabrication Market
10.1.6.1.1United States Wafer Fabrication Market by Type
10.1.6.1.2United States Wafer Fabrication Market by Size
10.1.6.1.3United States Wafer Fabrication Market by Application
10.1.6.2Canada Wafer Fabrication Market
10.1.6.2.1Canada Wafer Fabrication Market by Type
10.1.6.2.2Canada Wafer Fabrication Market by Size
10.1.6.2.3Canada Wafer Fabrication Market by Application
10.1.6.3Mexico Wafer Fabrication Market
10.1.6.3.1Mexico Wafer Fabrication Market by Type
10.1.6.3.2Mexico Wafer Fabrication Market by Size
10.1.6.3.3Mexico Wafer Fabrication Market by Application
10.2.EUROPE
10.2.1Europe Wafer Fabrication Market Overview
10.2.2Europe Wafer Fabrication Market Forecasts and Analysis
10.2.3Europe Wafer Fabrication Market Forecasts and Analysis - By Type
10.2.4Europe Wafer Fabrication Market Forecasts and Analysis - By Size
10.2.5Europe Wafer Fabrication Market Forecasts and Analysis - By Application
10.2.6Europe Wafer Fabrication Market Forecasts and Analysis - By Countries
10.2.6.1Germany Wafer Fabrication Market
10.2.6.1.1Germany Wafer Fabrication Market by Type
10.2.6.1.2Germany Wafer Fabrication Market by Size
10.2.6.1.3Germany Wafer Fabrication Market by Application
10.2.6.2France Wafer Fabrication Market
10.2.6.2.1France Wafer Fabrication Market by Type
10.2.6.2.2France Wafer Fabrication Market by Size
10.2.6.2.3France Wafer Fabrication Market by Application
10.2.6.3Italy Wafer Fabrication Market
10.2.6.3.1Italy Wafer Fabrication Market by Type
10.2.6.3.2Italy Wafer Fabrication Market by Size
10.2.6.3.3Italy Wafer Fabrication Market by Application
10.2.6.4United Kingdom Wafer Fabrication Market
10.2.6.4.1United Kingdom Wafer Fabrication Market by Type
10.2.6.4.2United Kingdom Wafer Fabrication Market by Size
10.2.6.4.3United Kingdom Wafer Fabrication Market by Application
10.2.6.5Russia Wafer Fabrication Market
10.2.6.5.1Russia Wafer Fabrication Market by Type
10.2.6.5.2Russia Wafer Fabrication Market by Size
10.2.6.5.3Russia Wafer Fabrication Market by Application
10.2.6.6Rest of Europe Wafer Fabrication Market
10.2.6.6.1Rest of Europe Wafer Fabrication Market by Type
10.2.6.6.2Rest of Europe Wafer Fabrication Market by Size
10.2.6.6.3Rest of Europe Wafer Fabrication Market by Application
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Wafer Fabrication Market Overview
10.3.2Asia-Pacific Wafer Fabrication Market Forecasts and Analysis
10.3.3Asia-Pacific Wafer Fabrication Market Forecasts and Analysis - By Type
10.3.4Asia-Pacific Wafer Fabrication Market Forecasts and Analysis - By Size
10.3.5Asia-Pacific Wafer Fabrication Market Forecasts and Analysis - By Application
10.3.6Asia-Pacific Wafer Fabrication Market Forecasts and Analysis - By Countries
10.3.6.1Australia Wafer Fabrication Market
10.3.6.1.1Australia Wafer Fabrication Market by Type
10.3.6.1.2Australia Wafer Fabrication Market by Size
10.3.6.1.3Australia Wafer Fabrication Market by Application
10.3.6.2China Wafer Fabrication Market
10.3.6.2.1China Wafer Fabrication Market by Type
10.3.6.2.2China Wafer Fabrication Market by Size
10.3.6.2.3China Wafer Fabrication Market by Application
10.3.6.3India Wafer Fabrication Market
10.3.6.3.1India Wafer Fabrication Market by Type
10.3.6.3.2India Wafer Fabrication Market by Size
10.3.6.3.3India Wafer Fabrication Market by Application
10.3.6.4Japan Wafer Fabrication Market
10.3.6.4.1Japan Wafer Fabrication Market by Type
10.3.6.4.2Japan Wafer Fabrication Market by Size
10.3.6.4.3Japan Wafer Fabrication Market by Application
10.3.6.5South Korea Wafer Fabrication Market
10.3.6.5.1South Korea Wafer Fabrication Market by Type
10.3.6.5.2South Korea Wafer Fabrication Market by Size
10.3.6.5.3South Korea Wafer Fabrication Market by Application
10.3.6.6Rest of Asia-Pacific Wafer Fabrication Market
10.3.6.6.1Rest of Asia-Pacific Wafer Fabrication Market by Type
10.3.6.6.2Rest of Asia-Pacific Wafer Fabrication Market by Size
10.3.6.6.3Rest of Asia-Pacific Wafer Fabrication Market by Application
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Wafer Fabrication Market Overview
10.4.2Middle East and Africa Wafer Fabrication Market Forecasts and Analysis
10.4.3Middle East and Africa Wafer Fabrication Market Forecasts and Analysis - By Type
10.4.4Middle East and Africa Wafer Fabrication Market Forecasts and Analysis - By Size
10.4.5Middle East and Africa Wafer Fabrication Market Forecasts and Analysis - By Application
10.4.6Middle East and Africa Wafer Fabrication Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Wafer Fabrication Market
10.4.6.1.1South Africa Wafer Fabrication Market by Type
10.4.6.1.2South Africa Wafer Fabrication Market by Size
10.4.6.1.3South Africa Wafer Fabrication Market by Application
10.4.6.2Saudi Arabia Wafer Fabrication Market
10.4.6.2.1Saudi Arabia Wafer Fabrication Market by Type
10.4.6.2.2Saudi Arabia Wafer Fabrication Market by Size
10.4.6.2.3Saudi Arabia Wafer Fabrication Market by Application
10.4.6.3U.A.E Wafer Fabrication Market
10.4.6.3.1U.A.E Wafer Fabrication Market by Type
10.4.6.3.2U.A.E Wafer Fabrication Market by Size
10.4.6.3.3U.A.E Wafer Fabrication Market by Application
10.4.6.4Rest of Middle East and Africa Wafer Fabrication Market
10.4.6.4.1Rest of Middle East and Africa Wafer Fabrication Market by Type
10.4.6.4.2Rest of Middle East and Africa Wafer Fabrication Market by Size
10.4.6.4.3Rest of Middle East and Africa Wafer Fabrication Market by Application
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Wafer Fabrication Market Overview
10.5.2South and Central America Wafer Fabrication Market Forecasts and Analysis
10.5.3South and Central America Wafer Fabrication Market Forecasts and Analysis - By Type
10.5.4South and Central America Wafer Fabrication Market Forecasts and Analysis - By Size
10.5.5South and Central America Wafer Fabrication Market Forecasts and Analysis - By Application
10.5.6South and Central America Wafer Fabrication Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Wafer Fabrication Market
10.5.6.1.1Brazil Wafer Fabrication Market by Type
10.5.6.1.2Brazil Wafer Fabrication Market by Size
10.5.6.1.3Brazil Wafer Fabrication Market by Application
10.5.6.2Argentina Wafer Fabrication Market
10.5.6.2.1Argentina Wafer Fabrication Market by Type
10.5.6.2.2Argentina Wafer Fabrication Market by Size
10.5.6.2.3Argentina Wafer Fabrication Market by Application
10.5.6.3Rest of South and Central America Wafer Fabrication Market
10.5.6.3.1Rest of South and Central America Wafer Fabrication Market by Type
10.5.6.3.2Rest of South and Central America Wafer Fabrication Market by Size
10.5.6.3.3Rest of South and Central America Wafer Fabrication Market by Application
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.WAFER FABRICATION MARKET, KEY COMPANY PROFILES
12.1.APPLIED MATERIALS, 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.ELECTRONICS INDUSTRY PUBLIC COMPANY LIMITED (EIC)
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.HITACHI HIGH-TECH 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.LAM RESEARCH CORPORATION
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.MOTOROLA SOLUTIONS, INC
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.NIKON CORPORATION
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.SCREEN SEMICONDUCTOR SOLUTIONS CO., LTD.
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.SOITEC
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.TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
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.TOKYO ELECTRON LIMITED
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. Applied Materials, Inc.
2. Electronics Industry Public Company Limited (EIC)
3. Hitachi High-Tech Corporation
4. LAM RESEARCH CORPORATION
5. Motorola Solutions, Inc
6. Nikon Corporation
7. SCREEN Semiconductor Solutions Co., Ltd.
8. SOITEC
9. Taiwan Semiconductor Manufacturing Company Limited
10. Tokyo Electron Limited
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.
Get Free Sample For