Automotive Sensors Market By Application And Sensor Type - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 175 Category: Automotive & Transportations Report Code : AT06884
Industry Outlook and Trend Analysis
The Automotive Sensors Market was worth USD 19.84 billion in 2017 and is expected to reach approximately USD 35.40 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.64% during the forecast period. Sensors have a far reaching use in all sort of cars appropriate from bikes to heavy duty lorries. Probably the most widely recognized car use of sensors is found in wipers, lighting, dashboard, rain sensors, sunroof, stopping, situate, atmosphere, tilt alert, back end discharge, back end close, trailer administration, raise entryway, against robbery caution, immobilizer and radio. With expanding popularities of vehicle computerization and request of idea autos around the world, the greater part of the innovative work (Research and development) consideration of car enterprises is towards improvement of cutting edge car sensors, for example, MEMS (Miniaturized scale Electro-Mechanical Frameworks) sensors, remote sensors and radar sensors. As indicated by BMW (Germany based vehicle organization), 90% without bounds auto advancement will be centered on the progressed and effective utilization of hardware in car. It is likewise apparent in latest improvement of car sensors innovation, for example, "pre-emptive technology" and "Conti APIA" (incorporated soundness, crash evasion, inhabitant assurance). Sensors in car application, for example, emanation control, battery control and inhabitant recognition is seeing raising development in recent years.
Application Outlook and Trend Analysis
In this market contemplate; investigators have assessed the powertrain and engine control segment to represent over 71% of the aggregate market income by 2021. Sensors intended for powertrain and motor control are utilized to screen motor chambers, burning, outflow, crankshafts, camshafts, fuel infusion, motor diagnostics, and the gearbox. The capacity of these sensors to identify changes in weight, temperature, vibration, mass stream, volume stream rate, torque, valve position, and rotational movement will prompt its expanded use amid the anticipated period.
Sensor Type Outlook and Trend Analysis
In 2017, the procedure sensors portion represented over 27% of the aggregate piece of the overall industry and is expected to hold over the market until the finish of the estimate time frame. These sensors help to screen temperature and weight and are broadly utilized over all application zones in a vehicle. Its broad usage for powertrain and motor control, body control, and applications about traveller wellbeing and vehicle security will bring about this present portion's overwhelming business sector position amid the evaluated period.
Competitive Insights
The leading players in the market are Avago Technologies, Bourns, CTS, Faurecia, GE Measurement & Control Solutions, Gill Sensors & Controls, Hamamatsu, Hitachi Automotive Systems Americas, Hyundai KEFICO and Infineon Technologies among others. The leading players in the market are incorporated all through the esteem chain. These organizations have a technological advantage over others as raw material and production technology selected for producing these ceramics incredibly impact the cost of the general product and its properties.
The Automotive Sensors Market is segmented as follows-
By Application:
- Powertrain and engine control
- Chassis control
By Sensor Type:
- Process sensors
- Position sensors
- Rotational motion sensors
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Columbia
- South Africa
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of MEA
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Automotive Sensors Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
· Powertrain and Engine Control
· Chassis Control
· Automotive Sensors Market, By Sensor Type, Estimates and Forecast, 2014-2023 ($Million)
· Process Sensors
· Position Sensors
· Rotational Motion Sensors
· Automotive Sensors Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Automotive Sensors Market, By Country
o U.S. Automotive Sensors Market
o Canada Automotive Sensors Market
o Mexico Automotive Sensors Market
· Europe
§ Europe Automotive Sensors Market, By Country
o Germany Automotive Sensors Market
o UK Automotive Sensors Market
o France Automotive Sensors Market
o Russia Automotive Sensors Market
o Italy Automotive Sensors Market
o Rest of Europe Automotive Sensors Market
· Asia-Pacific
§ Asia-Pacific Automotive Sensors Market, By Country
o China Automotive Sensors Market
o Japan Automotive Sensors Market
o South Korea Automotive Sensors Market
o India Automotive Sensors Market
o Southeast Asia Automotive Sensors Market
o Rest of Asia-Pacific Automotive Sensors Market
· South America
§ South America Automotive Sensors Market
o Brazil Automotive Sensors Market
o Argentina Automotive Sensors Market
o Columbia Automotive Sensors Market
o South Africa Automotive Sensors Market
o Rest of South America Automotive Sensors Market
· Middle East and Africa
§ Middle East and Africa Automotive Sensors Market
o Saudi Arabia Automotive Sensors Market
o UAE Automotive Sensors Market
o Egypt Automotive Sensors Market
o Nigeria Automotive Sensors Market
o South Africa Automotive Sensors Market
o Rest of MEA Automotive Sensors Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Automotive Sensors Market, By Application
5.1. Introduction
5.2. Global Automotive Sensors Sales, Revenue and Market Share by Application (2017-2027)
5.2.1. Global Automotive Sensors Sales and Sales Share by Application (2017-2027)
5.2.2. Global Automotive Sensors Revenue and Revenue Share by Application (2017-2027)
5.3. Powertrain and engine control
5.3.1. Global Powertrain and engine control Sales and Growth Rate (2017-2027)
5.4. Chassis control
5.4.1. Global Chassis control Sales and Growth Rate (2017-2027)
6. Automotive Sensors Market, By Sensor Type
6.1. Introduction
6.2. Global Automotive Sensors Sales, Revenue and Market Share by Sensor Type (2017-2027)
6.2.1. Global Automotive Sensors Sales and Sales Share by Sensor Type (2017-2027)
6.2.2. Global Automotive Sensors Revenue and Revenue Share by Sensor Type (2017-2027)
6.3. Process sensors
6.3.1. Global Process sensors Sales and Growth Rate (2017-2027)
6.4. Position sensors
6.4.1. Global Position sensors Sales and Growth Rate (2017-2027)
6.5. Rotational motion sensors
6.5.1. Global Rotational motion sensors Sales and Growth Rate (2017-2027)
7. Automotive Sensors Market, By Region
7.1. Introduction
7.2. Global Automotive Sensors Sales, Revenue and Market Share by Regions
7.2.1. Global Automotive Sensors Sales by Regions (2017-2027)
7.2.2. Global Automotive Sensors Revenue by Regions (2017-2027)
7.3. North America Automotive Sensors by Countries
7.3.1. North America Automotive Sensors Sales and Growth Rate (2017-2027)
7.3.2. North America Automotive Sensors Revenue and Growth Rate (2017-2027)
7.3.3. North America Automotive Sensors Sales by Countries (2017-2027)
7.3.4. North America Automotive Sensors Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Automotive Sensors Sales and Growth Rate (2017-2027)
7.3.5.2. United States Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Automotive Sensors Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Automotive Sensors Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Automotive Sensors Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Automotive Sensors by Countries
7.4.1. Europe Automotive Sensors Sales and Growth Rate (2017-2027)
7.4.2. Europe Automotive Sensors Revenue and Growth Rate (2017-2027)
7.4.3. Europe Automotive Sensors Sales by Countries (2017-2027)
7.4.4. Europe Automotive Sensors Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Automotive Sensors Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Automotive Sensors Sales and Growth Rate (2017-2027)
7.4.6.2. UK Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Automotive Sensors Sales and Growth Rate (2017-2027)
7.4.7.2. France Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Automotive Sensors Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Automotive Sensors Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Automotive Sensors Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Automotive Sensors Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Automotive Sensors Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Automotive Sensors Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Automotive Sensors Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Automotive Sensors Sales and Growth Rate (2017-2027)
7.5.5.2. China Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Automotive Sensors Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Automotive Sensors Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Automotive Sensors Sales and Growth Rate (2017-2027)
7.5.8.2. India Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Automotive Sensors Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Automotive Sensors Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Automotive Sensors Sales and Growth Rate (2017-2027)
7.6.2. South America Automotive Sensors Revenue and Growth Rate (2017-2027)
7.6.3. South America Automotive Sensors Sales by Countries (2017-2027)
7.6.4. South America Automotive Sensors Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Automotive Sensors Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Automotive Sensors Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Automotive Sensors Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Automotive Sensors Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Automotive Sensors Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Automotive Sensors Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Automotive Sensors Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Automotive Sensors Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Automotive Sensors Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Automotive Sensors Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Automotive Sensors Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Automotive Sensors Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Automotive Sensors Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.10. Rest of Middle East and Africa
7.7.10.1. Rest of Middle East and Africa Automotive Sensors Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Automotive Sensors Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. Bosch
8.1.1. Business Overview
8.1.2. Product Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2. Continental AG
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3. Delphi Automotive
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. DENSO
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5. Sensata Technologies
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
8.6. Avago Technologies
8.6.1. Business Overview
8.6.2. Product Portfolio
8.6.3. Strategic Developments
8.6.4. Sales, Revenue and Market Share
8.7. Bourns
8.7.1. Business Overview
8.7.2. Product Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
8.8. CTS
8.8.1. Business Overview
8.8.2. Product Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
8.9. Faurecia, GE Measurement & Control Solutions
8.9.1. Business Overview
8.9.2. Product Portfolio
8.9.3. Strategic Developments
8.9.4. Sales, Revenue and Market Share
8.10. Gill Sensors & Controls
8.10.1. Business Overview
8.10.2. Product Portfolio
8.10.3. Strategic Developments
8.10.4. Sales, Revenue and Market Share
9. Global Automotive Sensors Market Competition, by Manufacturer
9.1. Global Automotive Sensors Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Automotive Sensors Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Automotive Sensors Price by Manufacturer (2017-2017)
9.4. Top 5 Automotive Sensors Manufacturer Market Share
9.5. Market Competition Trend
10. Automotive Sensors Market Forecast (2027-2023)
10.1. Global Automotive Sensors Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Automotive Sensors Market Forecast by Regions (2027-2023)
10.2.1. North America Automotive Sensors Market Forecast (2027-2023)
10.2.1.1. United States Automotive Sensors Market Forecast (2027-2023)
10.2.1.2. Canada Automotive Sensors Market Forecast (2027-2023)
10.2.1.3. Mexico Automotive Sensors Market Forecast (2027-2023)
10.2.2. Europe Automotive Sensors Market Forecast (2027-2023)
10.2.2.1. Germany Automotive Sensors Market Forecast (2027-2023)
10.2.2.2. United Kingdom Automotive Sensors Market Forecast (2027-2023)
10.2.2.3. France Automotive Sensors Market Forecast (2027-2023)
10.2.2.4. Russia Automotive Sensors Market Forecast (2027-2023)
10.2.2.5. Italy Automotive Sensors Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Automotive Sensors Market Forecast (2027-2023)
10.2.3. Asia-Pacific Automotive Sensors Market Forecast (2027-2023)
10.2.3.1. China Automotive Sensors Market Forecast (2027-2023)
10.2.3.2. Japan Automotive Sensors Market Forecast (2027-2023)
10.2.3.3. Korea Automotive Sensors Market Forecast (2027-2023)
10.2.3.4. India Automotive Sensors Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Automotive Sensors Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Automotive Sensors Market Forecast (2027-2023)
10.2.4. South America Automotive Sensors Market Forecast (2027-2023)
10.2.4.1. Brazil Automotive Sensors Market Forecast (2027-2023)
10.2.4.2. Argentina Automotive Sensors Market Forecast (2027-2023)
10.2.4.3. Columbia Automotive Sensors Market Forecast (2027-2023)
10.2.4.4. Rest of South America Automotive Sensors Market Forecast (2027-2023)
10.2.5. Middle East and Africa Automotive Sensors Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Automotive Sensors Market Forecast (2027-2023)
10.2.5.2. UAE Automotive Sensors Market Forecast (2027-2023)
10.2.5.3. Egypt Automotive Sensors Market Forecast (2027-2023)
10.2.5.4. Nigeria Automotive Sensors Market Forecast (2027-2023)
10.2.5.5. South Africa Automotive Sensors Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Automotive Sensors Market Forecast (2027-2023)
10.3. Automotive Sensors Market Forecast by Application (2027-2023)
10.3.1. Global Automotive Sensors Sales Forecast by Application (2027-2023)
10.3.2. Global Automotive Sensors Sales Market Share Forecast by Application (2027-2023)
10.4. Automotive Sensors Market Forecast by Sensor Type (2027-2023)
10.4.1. Global Automotive Sensors Sales Forecast by Sensor Type (2027-2023)
10.4.2. Global Automotive Sensors Sales Market Share Forecast by Sensor Type (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Automotive Sensors Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
Supply Side |
Demand Side |
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Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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