Europe Automotive Films Market, to Grow at a CAGR of 5.4% to reach US$ 3,086.16 million from 2022 to 2028

Europe Automotive Films Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Film Type (Window Films/Tints, Wrap Films, and Paint Protection Films) and Application (Passenger Car, Commercial Vehicle, and Two Wheelers)

  • Report Code : TIPRE00029804
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 158
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The Europe automotive films market size was valued at US$ 2,256.68 million in 2022 and is projected to reach US$ 3,086.16 million by 2028; it is expected to grow at a CAGR of 5.4% from 2022 to 2028

Automotive films consist of reflective coatings that filter the sunlight and act as a protective cover, especially on sunny days. Further, in a road collision, window films help in holding the glass together. The high effectiveness of automotive films in blocking UV rays and strong resistance against glare and fading are driving the demand for automotive films. The market for automotive films in Europe is highly competitive due to the presence of regional players.

In 2021, Germany held the largest market share of the Europe automotive films market. The automotive films market is growing in Germany owing to the growth of automotive industry in the country. The demand for both commercial and passenger vehicles is increasing among the population due to the high disposable income of people. Thus, the demand for automotive films is increasing. Moreover, the increasing trend of displaying advertisements on heavy duty vehicles is boosting the demand for wrap films. The increase in sales of electric vehicles and the presence of major automotive wrap film manufacturers, including Hexis S.A.S., 3M, and ORAFOL Europe GmbH, in the country, are expected to boost the product demand over the forecast period.      

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Europe Automotive Films Market: Strategic Insights

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Market Size Value inUS$ 2,256.68 million in 2022
Market Size Value byUS$ 3,086.16 million By 2028
Growth rateCAGR of 5.4% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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Impact of COVID-19 Pandemic on Europe Automotive Films Market

The COVID-19 pandemic affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 pandemic disturbed manufacturing processes due to restrictions imposed by government authorities in various countries. Supply constraints of raw materials and the adverse effect of the pandemic on the automotive industry negatively impacted the demand for automotive films.

Further, the pandemic caused fluctuations in raw material prices of automotive films. However, there has been a significant increase in the demand for passenger vehicles as various economies are reviving their operations. This factor has been responsible for a positive impact on the automotive films market to some extent.

Europe Automotive Films Market Breakdown – by Region

 

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Market Insights

Recovery of European Automotive Industry Post Pandemic

The automotive industry in Europe was consistently growing till 2019 due to high disposable income in European countries. However, after the COVID-19 pandemic, the European automotive industry has seen some disruptions, and thus, the demand for commercial and private vehicles has decreased. According to the European Automobile Manufacturers Association (ACEA, from 2020 to July 2022, the automotive industry shows a decline in growth. However, there was growth in registrations of new passenger cars during August, September, and October in 2022. The recovering automotive industry in Europe is consolidated with several international players and their strategic development initiatives. The major players include Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company, and Honda Motor Company. These players are making joint ventures and partnerships and launching new products with advanced technology to dominate their competitors. Thus, the recovery of the European automotive industry is driving the automotive films market in Europe.

Application Insights

Based on application, the Europe automotive films market has been segmented into passenger car, commercial vehicle, and two wheelers. The passenger car segment accounted for the largest market share in the Europe automotive films market in 2021. For instance, according to the European Automobile Manufacturers Association (ACEA) July 2021 report, passenger car registration jumped by 10.4% in June 2021 compared to the same month in 2020. New passenger car registration has shown declining growth due to the pandemic. However, as the economies started recovering, the demand for passenger cars increased. Automotive films are applied on the outer layer of the car to protect it from UV rays and protect its color. Moreover, window tints are used to protect the glass from scratches and other hazards. The trend of modifying luxury cars is increasing, and consumers are styling vehicles as per their requirements. These factors are expected to drive the demand for automotive films for passenger cars.

Europe Automotive Films Market, by Application – 2021 and 2028

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Compagnie de Saint Gobain SA, 3M Co, Luxshield GmbH, Mister Lacky, PR-Folia, Eastman Chemical Co, Ergis SA, Hexis SAS, Avery Dennison Corp, SSA Europe GmbH, and Profilm Advanced Materials Ltd are among the major players operating in the Europe automotive films market. Players operating in the Europe automotive films market are constantly focusing on strategies such as investments in research and development activities and new product launches. These market players are highly focused on the development of high-quality and innovative product offerings to fulfill the customers’ requirements. 

Report Spotlights

  • Progressive industry trends in the Europe automotive films market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the Europe automotive films market from 2020 to 2028
  • Estimation of demand for automotive films in Europe
  • Recent developments to understand the competitive market scenario
  • Market trend and outlook as well as factors driving and restraining the growth of the Europe automotive films market
  • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • The size of the Europe automotive films market at various nodes
  • Detailed overview and segmentation of the market, as well as the Europe automotive films industry dynamics
  • Size of the Europe automotive films market in various regions with promising growth opportunities

Europe Automotive Films Market

On the basis of film type the market is segmented into window films/tints, wrap films, and paint protection films. Based on application the market is segregated into passenger car, commercial vehicle, and two wheelers.

Company Profiles

  • Compagnie de Saint Gobain SA
  • 3M Co
  • Luxshield GmbH
  • Mister Lacky
  • PR-Folia
  • Eastman Chemical Co
  • Ergis SA
  • Hexis SAS
  • Avery Dennison Corp
  • SSA Europe GmbH
  • Profilm Advanced Materials Ltd
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Film Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

France, Germany, Italy, Netherlands, Russian Federation, United Kingdom

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Automotive Films Market, by Film Type

1.3.2 Automotive Films Market, by Application

1.3.3 Automotive Films Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. Automotive Films Market Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Ecosystem Analysis

4.4 List of Key Players

4.5 Expert Opinion

5. Automotive Films Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rise in Popularity of Electric Cars in Europe

5.1.2 Recovery of European Automotive Industry Post-Pandemic

5.2 Market Restraints

5.2.1 Regulations on Using Automotive Films in European Countries

5.3 Market Opportunities

5.3.1 Technological Developments and Product Innovations by Manufacturers

5.4 Future Trends

5.4.1 Growing Awareness About Harmful Effects of UV Rays

5.5 Impact Analysis

6. Automotive Films – Europe Market Analysis

6.1 Automotive Films Market Overview

6.2 Automotive Films Market –Volume and Forecast to 2028 (Million Square Meters)

6.3 Automotive Films Market –Revenue and Forecast to 2028 (US$ Million)

6.4 Competitive Positioning – Key Market Players

7. Automotive Films Market Analysis – By Film Type

7.1 Overview

7.2 Automotive Films Market, By Film Type (2021 and 2028)

7.3 Window Films/Tints

7.3.1 Overview

7.3.2 Window Films/Tints: Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

7.3.3 Window Films/Tints: Automotive Films Market – Revenue and Forecast to 2028 (US$ Mn)

7.4 Wrap Films

7.4.1 Overview

7.4.2 Wrap Films: Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

7.4.3 Wrap Films: Automotive Films Market – Revenue and Forecast to 2028 (US$ Mn)

7.5 Paint Protection Film

7.5.1 Overview

7.5.2 Paint Protection Film: Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

7.5.3 Paint Protection Film: Automotive Films Market – Revenue and Forecast to 2028 (US$ Mn)

8. Automotive Films Market Analysis – By Application

8.1 Overview

8.2 Automotive Films Market, By Application (2021 and 2028)

8.3 Passenger Car

8.3.1 Overview

8.3.2 Passenger Car: Automotive Films Market – Revenue and Forecast to 2028 (US$ Mn)

8.4 Commercial Vehicles

8.4.1 Overview

8.4.2 Commercial Vehicles: Automotive Films Market – Revenue and Forecast to 2028 (US$ Mn)

8.5 Two Wheelers

8.5.1 Overview

8.5.2 Two Wheelers: Automotive Films Market – Revenue and Forecast to 2028 (US$ Mn)

9. Europe: Automotive Films Market – Geography Analysis

9.1 Overview

9.1.1 Europe: Automotive Films Market –Volume and Forecast to 2028 (Million Square Meters)

9.1.2 Europe: Automotive Films Market –Revenue and Forecast to 2028 (US$ Million)

9.1.3 Europe: Automotive Films Market, by Film Type

9.1.4 Europe: Automotive Films Market, by Application

9.1.5 Europe: Automotive Films Market, by Key Country

9.1.5.1 Germany: Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

9.1.5.2 Germany: Automotive Films Market –Revenue and Forecast to 2028 (US$ Million)

9.1.5.2.1 Germany: Automotive Films Market, by Film Type

9.1.5.2.2 Germany: Automotive Films Market, by Film Type

9.1.5.2.3 Germany: Automotive Films Market, by Application

9.1.5.3 France: Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

9.1.5.4 France: Automotive Films Market –Revenue and Forecast to 2028 (US$ Million)

9.1.5.4.1 France: Automotive Films Market, by Film Type

9.1.5.4.2 France: Automotive Films Market, by Film Type

9.1.5.4.3 France: Automotive Films Market, by Application

9.1.5.5 Italy: Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

9.1.5.6 Italy: Automotive Films Market –Revenue and Forecast to 2028 (US$ Million)

9.1.5.6.1 Italy: Automotive Films Market, by Film Type

9.1.5.6.2 Italy: Automotive Films Market, by Film Type

9.1.5.6.3 Italy: Automotive Films Market, by Application

9.1.5.7 UK: Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

9.1.5.8 UK: Automotive Films Market –Revenue and Forecast to 2028 (US$ Million)

9.1.5.8.1 UK: Automotive Films Market, by Film Type

9.1.5.8.2 UK: Automotive Films Market, by Film Type

9.1.5.8.3 UK: Automotive Films Market, by Application

9.1.5.9 Russia: Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

9.1.5.10 Russia: Automotive Films Market –Revenue and Forecast to 2028 (US$ Million)

9.1.5.10.1 Russia: Automotive Films Market, by Film Type

9.1.5.10.2 Russia: Automotive Films Market, by Film Type

9.1.5.10.3 Russia: Automotive Films Market, by Application

9.1.5.11 Netherlands: Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

9.1.5.12 Netherlands: Automotive Films Market –Revenue and Forecast to 2028 (US$ Million)

9.1.5.12.1 Netherlands: Automotive Films Market, by Film Type

9.1.5.12.2 Netherlands: Automotive Films Market, by Film Type

9.1.5.12.3 Netherlands: Automotive Films Market, by Application

9.1.5.13 Rest of Europe: Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

9.1.5.14 Rest of Europe: Automotive Films Market –Revenue and Forecast to 2028 (US$ Million)

9.1.5.14.1 Rest of Europe: Automotive Films Market, by Film Type

9.1.5.14.2 Rest of Europe: Automotive Films Market, by Film Type

9.1.5.14.3 Rest of Europe: Automotive Films Market, by Application

10. Impact of COVID-19 Pandemic on Europe Automotive Films Market

10.1 Impact of COVID-19 on Europe Automotive Films Market

11. Industry Landscape

11.1 Overview

11.2 Partnerships

11.3 Product Launch

11.4 Other Business Strategies

12. Company Profiles

12.1 Compagnie de Saint Gobain SA

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 3M Co

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 Luxshield GmbH

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 Mister Lacky

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 PR-Folia

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 Eastman Chemical Co

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 Ergis SA

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 Hexis SAS

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 Avery Dennison Corp

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 SSA Europe GmbH

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

12.11 Profilm Advanced Materials Ltd

12.11.1 Key Facts

12.11.2 Business Description

12.11.3 Products and Services

12.11.4 Financial Overview

12.11.5 SWOT Analysis

12.11.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. Germany

Table 2. France

Table 3. Italy

Table 4. UK

Table 5. Russia

Table 6. Netherlands

Table 7. Automotive Films Market –Volume and Forecast to 2028 (Million Square Meters)

Table 8. Automotive Films Market –Revenue and Forecast to 2028 (US$ Million)

Table 9. Europe Automotive Films Market, by Film Type – Volume and Forecast to 2028 (Million Square Meters)

Table 10. Europe Automotive Films Market, by Film Type – Revenue and Forecast to 2028 (US$ Million)

Table 11. Europe Automotive Films Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 12. Germany Automotive Films Market, by Film Type– Volume and Forecast to 2028 (Million Square Meters)

Table 13. Germany Automotive Films Market, by Film Type– Revenue and Forecast to 2028 (US$ Million)

Table 14. Germany Automotive Films Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 15. France Automotive Films Market, by Film Type – Volume and Forecast to 2028 (Million Square Meters)

Table 16. France Automotive Films Market, by Film Type – Revenue and Forecast to 2028 (US$ Million)

Table 17. France Automotive Films Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 18. Italy Automotive Films Market, by Film Type – Volume and Forecast to 2028 (Million Square Meters)

Table 19. Italy Automotive Films Market, by Film Type – Revenue and Forecast to 2028 (US$ Million)

Table 20. Italy Automotive Films Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 21. UK Automotive Films Market, by Film Type – Volume and Forecast to 2028 (Million Square Meters)

Table 22. UK Automotive Films Market, by Film Type – Revenue and Forecast to 2028 (US$ Million)

Table 23. UK Automotive Films Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 24. Russia Automotive Films Market, by Film Type – Volume and Forecast to 2028 (Million Square Meters)

Table 25. Russia Automotive Films Market, by Film Type – Revenue and Forecast to 2028 (US$ Million)

Table 26. Russia Automotive Films Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 27. Netherlands Automotive Films Market, by Film Type– Volume and Forecast to 2028 (Million Square Meters)

Table 28. Netherlands Automotive Films Market, by Film Type– Revenue and Forecast to 2028 (US$ Million)

Table 29. Netherlands Automotive Films Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 30. Rest of Europe Automotive Films Market, by Film Type – Volume and Forecast to 2028 (Million Square Meters)

Table 31. Rest of Europe Automotive Films Market, by Film Type – Revenue and Forecast to 2028 (US$ Million)

Table 32. Rest of Europe Automotive Films Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 33. Glossary of Terms, Europe Automotive Films Market

LIST OF FIGURES

Figure 1. Automotive Films Market Segmentation

Figure 2. Automotive Films Market Segmentation – By Country

Figure 3. Europe Automotive Films Market Overview

Figure 4. Global Automotive Films Market, By End-Use Industry

Figure 5. Global Automotive Films Market, by Country

Figure 6. Europe Automotive Films Market, Industry Landscape

Figure 7. Europe Automotive Films Market: Porter's Five Forces Analysis

Figure 8. Ecosystem: Europe Automotive Films Market

Figure 9. Expert Opinion

Figure 10. Fig. New Passenger Car Registrations in Europe

Figure 11. Europe Automotive Films Market Impact Analysis of Drivers and Restraints

Figure 12. Geographic Overview of Automotive Films Market

Figure 13. Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

Figure 14. Automotive Films Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. Automotive Films Market Revenue Share, By Film Type (2021 and 2028)

Figure 16. Window Films/Tints: Automotive Films Market – Volume and Forecast To 2028 (Million Square Meters)

Figure 17. Window Films/Tints: Automotive Films Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 18. Wrap Films: Automotive Films Market – Volume and Forecast To 2028 (Million Square Meters)

Figure 19. Wrap Films: Automotive Films Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 20. Paint Protection Film: Automotive Films Market – Volume and Forecast To 2028 (Million Square Meters)

Figure 21. Paint Protection Film: Automotive Films Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 22. Automotive Films Market Revenue Share, By Application (2021 and 2028)

Figure 23. Passenger Car: Automotive Films Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 24. Commercial Vehicles: Automotive Films Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 25. Two Wheelers: Automotive Films Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 26. Europe: Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

Figure 27. Europe: Automotive Films Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Europe: Automotive Films Market Revenue Share, by Film Type (2021 and 2028)

Figure 29. Europe: Automotive Films Market Revenue Share, by Application (2021 and 2028)

Figure 30. Europe: Automotive Films Market Revenue Share, by Key Country (2021 and 2028)

Figure 31. Germany: Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

Figure 32. Germany: Automotive Films Market –Revenue and Forecast to 2028 (US$ Million)

Figure 33. France: Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

Figure 34. France: Automotive Films Market –Revenue and Forecast to 2028 (US$ Million)

Figure 35. Italy: Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

Figure 36. Italy: Automotive Films Market –Revenue and Forecast to 2028 (US$ Million)

Figure 37. UK: Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

Figure 38. UK: Automotive Films Market –Revenue and Forecast to 2028 (US$ Million)

Figure 39. Russia: Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

Figure 40. Russia: Automotive Films Market –Revenue and Forecast to 2028 (US$ Million)

Figure 41. Netherlands: Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

Figure 42. Netherlands: Automotive Films Market –Revenue and Forecast to 2028 (US$ Million)

Figure 43. Rest of Europe: Automotive Films Market – Volume and Forecast to 2028 (Million Square Meters)

Figure 44. Rest of Europe: Automotive Films Market –Revenue and Forecast to 2028 (US$ Million)

Figure 45. Impact of COVID-19 Pandemic on Europe Country Markets

The List of Companies - Europe Automotive Films Market

  • Compagnie de Saint Gobain SA
  • 3M Co
  • Luxshield GmbH
  • Mister Lacky
  • PR-Folia
  • Eastman Chemical Co
  • Ergis SA
  • Hexis SAS
  • Avery Dennison Corp
  • SSA Europe GmbH
  • Profilm Advanced Materials Ltd

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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