Industrial Pc Market By Type And Industry - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Communication Services Report Code : IC06974
Industry Outlook and Trend Analysis
The Industrial PC Market was worth USD 2.87 billion in 2017 and is expected to reach approximately USD 4.99 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.35% during the forecast period. Industrial PCs are PC-based computing platforms that are used in different industrial applications. Industrial PCs are particularly created to withstand brutal exterior conditions such as extremes of temperature, clean, dampness, vibration, control surges that commercial PCs are not intended for. Industrial PCs are more adaptable when compared with typical PCs, as they bolster legacy applications that need to work perfectly for 5 or even 10 and more years. This is on account of the parts used for the assembling of industrial PCs are industrial grade instead of commercial grade. They last longer and are built to a higher standard. They have longer upheld life lengths and aren't substituted by more up to date forms as regularly as commercial components.
Drivers and Restraints
Increasing investment in R&D of industrial PCs related with popularity for interoperability of hardware will drive the market for technically advanced products. The major players in the market are vigorously investing for developing new products to take into account the requirement for integration of automation solution coordination through IoT technologies. The rise of IoT is anticipated to expand the industrial condition to embrace smart solutions like the coordination of data from the shop floor and the business, for simplicity of decision making. Industrial PCs because of their capacity to address the developing requirement for solid connectivity, security, and superior performance will rule the market over the forecast period.
Market Segmentation
The Industrial PC Market Based on the type, the market is segmented into Box Industrial PC, Panel Industrial PC, DIN Rail Industrial PC, Embedded Industrial PC, Client Industrial PC and Thin Rack Mount Industrial PC. Among the various end-use industry it discovers applications in the Industrial PC market has been segmented into Communication and Network Infrastructure, Digital Signage, Digital Security and Surveillance, Gaming, Instrumentation/Test Automation, Industrial Automation and Control, Energy and Power, Aerospace and Defence, Medical, Retail Automation, Transportation and Others.
Regional Outlook and Trend Analysis
Europe was the biggest income supporter of the industrial PCs market in 2017, with Europe being the centre point for the dominant part of players in the market. The Europe and North America markets for modern PCs were esteemed at US$1,280.5 mn and US$1,226.9 mn in 2017, individually, and are probably going to ascend significantly over the forecast period. Nonetheless, Asia Pacific is anticipated to be an imperative market for modern PCs market players in the coming years and is foreseen to reflect a powerful CAGR over the conjecture period.
Competitive Insights
The leading players in the market are B R Industrial Automation Private Limited, Landitec Distribution GmbH, MiTAC, Mitsubishi Electric, Siemens, Advantech Co Ltd, Lanner Inc, Omron, Rockwell Automation, Advantech Industrial Computing India Pvt. Ltd, Kontron, BECKHOFF AUTOMATION PVT LTD and Captec. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Industrial PC Market is segmented as follows-
By Type:
- Panel Industrial PC
- Box Industrial PC
- Embedded Industrial PC
- DIN Rail Industrial PC
- Rack Mount Industrial PC
- Thin Client Industrial PC
By Industry:
- Communication and Network Infrastructure
- Digital Signage
- Digital Security and Surveillance
- Energy and Power
- Gaming
- Industrial Automation and Control
- Instrumentation/Test Automation
- Medical
- Aerospace and Defence
- Retail Automation
- Transportation
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
· Industrial PC Market, By Type, Estimates and Forecast, 2014-2023 ($Million)
· Panel Industrial PC
· Box Industrial PC
· Embedded Industrial PC
· DIN Rail Industrial PC
· Rack Mount Industrial PC
· Thin Client Industrial PC
· Industrial PC Market, By Industry, Estimates and Forecast, 2014-2023 ($Million)
· Communication and Network Infrastructure
· Digital Signage
· Digital Security and Surveillance
· Energy and Power
· Gaming
· Industrial Automation and Control
· Instrumentation/Test Automation
· Medical
· Aerospace and Defense
· Retail Automation
· Transportation
· Other Industries
· Industrial PC Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Industrial PC Market, By Country
o U.S. Industrial PC Market
o Canada Industrial PC Market
o Mexico Industrial PC Market
· Europe
§ Europe Industrial PC Market, By Country
o Germany Industrial PC Market
o UK Industrial PC Market
o France Industrial PC Market
o Russia Industrial PC Market
o Italy Industrial PC Market
o Rest of Europe Industrial PC Market
· Asia-Pacific
§ Asia-Pacific Industrial PC Market, By Country
o China Industrial PC Market
o Japan Industrial PC Market
o South Korea Industrial PC Market
o India Industrial PC Market
o Southeast Asia Industrial PC Market
o Rest of Asia-Pacific Industrial PC Market
· South America
§ South America Industrial PC Market
o Brazil Industrial PC Market
o Argentina Industrial PC Market
o Columbia Industrial PC Market
o South Africa Industrial PC Market
o Rest of South America Industrial PC Market
· Middle East and Africa
§ Middle East and Africa Industrial PC Market
o Saudi Arabia Industrial PC Market
o UAE Industrial PC Market
o Egypt Industrial PC Market
o Nigeria Industrial PC Market
o South Africa Industrial PC Market
o Rest of MEA Industrial PC Market
Table of Contents
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 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
Chapter 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)
Chapter 5. Industrial PC Market, By Type
5.1. Introduction
5.2. Global Industrial PC Sales, Revenue and Market Share by Type (2017-2027)
5.2.1. Global Industrial PC Sales and Sales Share by Type (2017-2027)
5.2.2. Global Industrial PC Revenue and Revenue Share by Type (2017-2027)
5.3. Panel Industrial PC
5.3.1. Global Panel Industrial PC Sales and Growth Rate (2017-2027)
5.4. Box Industrial PC
5.4.1. Global Box Industrial PC Sales and Growth Rate (2017-2027)
5.5. Embedded Industrial PC
5.5.1. Global Embedded Industrial PC Sales and Growth Rate (2017-2027)
5.6. DIN Rail Industrial PC
5.6.1. Global DIN Rail Industrial PC Sales and Growth Rate (2017-2027)
5.7. Rack Mount Industrial PC
5.7.1. Global Rack Mount Industrial PC Sales and Growth Rate (2017-2027)
5.8. Thin Client Industrial PC
5.8.1. Global Thin Client Industrial PC Sales and Growth Rate (2017-2027)
Chapter 6. Industrial PC Market, By Industry
6.1. Introduction
6.2. Global Industrial PC Sales, Revenue and Market Share by Industry (2017-2027)
6.2.1. Global Industrial PC Sales and Sales Share by Industry (2017-2027)
6.2.2. Global Industrial PC Revenue and Revenue Share by Industry (2017-2027)
6.3. Communication and Network Infrastructure
6.3.1. Global Communication and Network Infrastructure Sales and Growth Rate (2017-2027)
6.4. Digital Signage
6.4.1. Global Digital Signage Sales and Growth Rate (2017-2027)
6.5. Digital Security and Surveillance
6.5.1. Global Digital Security and Surveillance Sales and Growth Rate (2017-2027)
6.6. Energy and Power
6.6.1. Global Energy and Power Sales and Growth Rate (2017-2027)
6.7. Gaming
6.7.1. Global Gaming Sales and Growth Rate (2017-2027)
6.8. Industrial Automation and Control
6.8.1. Global Industrial Automation and Control Sales and Growth Rate (2017-2027)
6.9. Instrumentation/Test Automation
6.9.1. Global Instrumentation/Test Automation Sales and Growth Rate (2017-2027)
6.10. Medical
6.10.1. Global Medical Sales and Growth Rate (2017-2027)
6.11. Aerospace and Defence
6.11.1. Global Aerospace and Defence Sales and Growth Rate (2017-2027)
6.12. Retail Automation
6.12.1. Global Retail Automation Sales and Growth Rate (2017-2027)
6.13. Transportation
6.13.1. Global Transportation Sales and Growth Rate (2017-2027)
6.14. Other Industries
6.14.1. Global Other Industries Sales and Growth Rate (2017-2027)
Chapter 7. Industrial PC Market, By Region
7.1. Introduction
7.2. Global Industrial PC Sales, Revenue and Market Share by Regions
7.2.1. Global Industrial PC Sales by Regions (2017-2027)
7.2.2. Global Industrial PC Revenue by Regions (2017-2027)
7.3. North America Industrial PC by Countries
7.3.1. North America Industrial PC Sales and Growth Rate (2017-2027)
7.3.2. North America Industrial PC Revenue and Growth Rate (2017-2027)
7.3.3. North America Industrial PC Sales by Countries (2017-2027)
7.3.4. North America Industrial PC Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Industrial PC Sales and Growth Rate (2017-2027)
7.3.5.2. United States Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Industrial PC Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Industrial PC Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Industrial PC Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Industrial PC by Countries
7.4.1. Europe Industrial PC Sales and Growth Rate (2017-2027)
7.4.2. Europe Industrial PC Revenue and Growth Rate (2017-2027)
7.4.3. Europe Industrial PC Sales by Countries (2017-2027)
7.4.4. Europe Industrial PC Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Industrial PC Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Industrial PC Sales and Growth Rate (2017-2027)
7.4.6.2. UK Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Industrial PC Sales and Growth Rate (2017-2027)
7.4.7.2. France Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Industrial PC Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Industrial PC Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Industrial PC Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Industrial PC Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Industrial PC Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Industrial PC Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Industrial PC Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Industrial PC Sales and Growth Rate (2017-2027)
7.5.5.2. China Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Industrial PC Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Industrial PC Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Industrial PC Sales and Growth Rate (2017-2027)
7.5.8.2. India Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Industrial PC Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Industrial PC Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Industrial PC Sales and Growth Rate (2017-2027)
7.6.2. South America Industrial PC Revenue and Growth Rate (2017-2027)
7.6.3. South America Industrial PC Sales by Countries (2017-2027)
7.6.4. South America Industrial PC Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Industrial PC Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Industrial PC Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Industrial PC Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Industrial PC Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Industrial PC Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Industrial PC Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Industrial PC Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Industrial PC Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Industrial PC Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Industrial PC Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Industrial PC Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Industrial PC Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Industrial PC Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Industrial PC 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 Industrial PC Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Industrial PC Revenue (Millions USD) and Growth Rate (2017-2027)
Chapter 8. Company Profiles
8.1. Advantech Co., Ltd
8.1.1. Business Overview
8.1.2. Type Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2. Beckhoff Automation GmbH & Co. Kg
8.2.1. Business Overview
8.2.2. Type Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3. Bernecker + Rainer Industrie Elektronik Ges.m.b.H.
8.3.1. Business Overview
8.3.2. Type Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. Captec Ltd
8.4.1. Business Overview
8.4.2. Type Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5. Industrial PC, Inc
8.5.1. Business Overview
8.5.2. Type Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
8.6. Kontron AG.
8.6.1. Business Overview
8.6.2. Type Portfolio
8.6.3. Strategic Developments
8.6.4. Sales, Revenue and Market Share
8.7. Landitec Distribution GmbH
8.7.1. Business Overview
8.7.2. Type Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
8.8. Lanner Electronics, Inc.
8.8.1. Business Overview
8.8.2. Type Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
8.9. MiTAC International Corp
8.9.1. Business Overview
8.9.2. Type Portfolio
8.9.3. Strategic Developments
8.9.4. Sales, Revenue and Market Share
8.10. Mitsubishi Electric Corporation
8.10.1. Business Overview
8.10.2. Type Portfolio
8.10.3. Strategic Developments
8.10.4. Sales, Revenue and Market Share
Chapter 9. Global Industrial PC Market Competition, by Manufacturer
9.1. Global Industrial PC Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Industrial PC Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Industrial PC Price by Manufacturer (2017-2017)
9.4. Top 5 Industrial PC Manufacturer Market Share
9.5. Market Competition Trend
Chapter 10. Industrial PC Market Forecast (2027-2023)
10.1. Global Industrial PC Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Industrial PC Market Forecast by Regions (2027-2023)
10.2.1. North America Industrial PC Market Forecast (2027-2023)
10.2.1.1. United States Industrial PC Market Forecast (2027-2023)
10.2.1.2. Canada Industrial PC Market Forecast (2027-2023)
10.2.1.3. Mexico Industrial PC Market Forecast (2027-2023)
10.2.2. Europe Industrial PC Market Forecast (2027-2023)
10.2.2.1. Germany Industrial PC Market Forecast (2027-2023)
10.2.2.2. United Kingdom Industrial PC Market Forecast (2027-2023)
10.2.2.3. France Industrial PC Market Forecast (2027-2023)
10.2.2.4. Russia Industrial PC Market Forecast (2027-2023)
10.2.2.5. Italy Industrial PC Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Industrial PC Market Forecast (2027-2023)
10.2.3. Asia-Pacific Industrial PC Market Forecast (2027-2023)
10.2.3.1. China Industrial PC Market Forecast (2027-2023)
10.2.3.2. Japan Industrial PC Market Forecast (2027-2023)
10.2.3.3. Korea Industrial PC Market Forecast (2027-2023)
10.2.3.4. India Industrial PC Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Industrial PC Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Industrial PC Market Forecast (2027-2023)
10.2.4. South America Industrial PC Market Forecast (2027-2023)
10.2.4.1. Brazil Industrial PC Market Forecast (2027-2023)
10.2.4.2. Argentina Industrial PC Market Forecast (2027-2023)
10.2.4.3. Columbia Industrial PC Market Forecast (2027-2023)
10.2.4.4. Rest of South America Industrial PC Market Forecast (2027-2023)
10.2.5. Middle East and Africa Industrial PC Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Industrial PC Market Forecast (2027-2023)
10.2.5.2. UAE Industrial PC Market Forecast (2027-2023)
10.2.5.3. Egypt Industrial PC Market Forecast (2027-2023)
10.2.5.4. Nigeria Industrial PC Market Forecast (2027-2023)
10.2.5.5. South Africa Industrial PC Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Industrial PC Market Forecast (2027-2023)
10.3. Industrial PC Market Forecast by Type (2027-2023)
10.3.1. Global Industrial PC Sales Forecast by Type (2027-2023)
10.3.2. Global Industrial PC Sales Market Share Forecast by Type (2027-2023)
10.4. Industrial PC Market Forecast by Industry (2027-2023)
10.4.1. Global Industrial PC Sales Forecast by Industry (2027-2023)
10.4.2. Global Industrial PC Sales Market Share Forecast by Industry (2027-2023)
List of Tables
(*You can glance through the list of Tables and Figures when you view the sample copy of Industrial PC 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 |
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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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