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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

A capacitive sensor is a non-contact device that is used to detect virtually the presence or absence of an object. They are less expensive and non-directional sensors used for non-contact detection of metallic and non-metallic objects. Capacitive sensor technology is used to measure flow, level, pressure, linear position, angle position, etc. The high-resolution sensing capability of capacity sensors makes them highly popular in measurement and detection of position, acceleration, proximity, and fluid level.  Capacitive sensors do not require any physical contact with the materials and they can operate on the principle of the capacitor. Capacity sensors are used in consumer electronics, oil & gas and in industries such as automotive and healthcare. Moreover, the increasing demand for consumer electronics such as mobile devices, tablets, smartphones, and keypads is expected to drive the market growth during the forecast period. These sensors offer high accuracy, great stability and improved sensitivity.

The global capacitive sensor market is expected to witness significant growth during the forecast period (2020–2027) due to increasing adoption of capacitive sensors in consumer electronics such as smartphone, mobile devices, tablets and others. The increasing penetration of Internet of Things in emerging economies is driving demand for smartphones, tablets, and other mobile devices. For instance, according to Coherent Market Insights analysis, the penetration of smartphones in China increased from 696.5 million in 2017 to 786.3 million in 2020. The main factor facilitating demand for capacitive sensors is the increasing number of smartphone manufacturers. For instance, in March 2020, Samsung launched Samsung Galaxy M21 in India. The new galaxy smartphone comes with various features such as a rear camera with 48 mega pixel primary sensor and 5 mega pixel depth sensor. Furthermore, the touch screen has become the most preferred interface for mobile devices. Smart wearables such as smart watches are using capacitive sensor technology in order to offer good user experience. Moreover, growing demand for augmented reality and virtual reality is also driving the market growth during the forecast period. Demand for augmented and virtual reality is  driven by the rising penetration of smartphones in emerging economies and developed countries.

Capacitive Sensor Market - Impact of Coronavirus (Covid-19) Pandemic

Several countries across the globe have been affected by the COVID-19 pandemic and governments have announced nationwide lockdowns to curb the spread of the virus. The growth of the capacitive sensor market has been hampered as capacitive sensors are used in many industries such as aerospace & defense, automotive, oil & gas and many others. Demand and price of crude oil have fallen due to lockdowns. Most companies have witnessed a slowdown in their manufacturing operations due to the pandemic. For instance, in March 2020, the price of crude oil decreased from US$ 61.06 to US$ 23.36 in the U.S. Moreover, international and domestic travel has been banned which has led to a significant decline in the consumption of aviation turbine fuel across the globe. Capacitive sensors are used in the aerospace & defense sector in the thrust reverser and power door operating systems.

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Capacitive Sensor Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 28.6 Bn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 4.3% 2027 Value Projection: US$ 41.3 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Type: Touch Sensor, Motion Sensor, Position Sensor and Others
  • By Industry: Consumer Electronics, Food & Beverages, Oil & Gas, Healthcare, Automotive, Aerospace & Defense, Manufacturing and Others
Companies covered:

Honeywell International Inc., NXP Semiconductors, Panasonic Corporation, Siemens, STMicroelectronics, Emerson Electric Co., Microchip Technology Inc., Robert Bosch GmbH, TE Connectivity, DENSO CORPORATION, OMRON Corporation, Amphenol Advanced Sensors, Infineon Technologies AG, Analog Devices, Inc., Cypress Semiconductor Corporation, Synaptics Incorporated, Schneider Electric, Renesas Electronics Corporation, FUJITSU, 3M,Eaton,Rockwell Automation, General Electric, STMicroelectronics, ALPS ALPINE CO., LTD., Siemens.

Growth Drivers:
  • The growing penetration of smart wearables
  • The growing adoption augmented reality and virtual reality
Restraints & Challenges:
  • Issues related to supply shortage of indium tin oxide

North America is expected to hold dominant position in the global capacitive sensor market during the forecast period.

Statistics:

North America held dominant position in the global capacitive sensor market in 2019, accounting for 43.2% share in terms of value, followed by Asia Pacific and Europe.

Figure 1: Global Capacitive Sensor Market Share (%), By Region, 2019

Capacitive Sensor  | Coherent Market Insights

North America held the dominant position in the global capacitive sensor market in 2019 and is expected to retain its dominance throughout the forecast period due to adoption of smart technologies such as smartwatches in the U.S. Manufacturers of wearables are using advanced technology and embedding capacitive sensors into smartwatches. Moreover, high disposable income in the U.S. is favoring demand for wearables such as smartwatches to monitor their health. Capacitive sensors are also embedded in devices to track the fertility cycle. For instance, the number of connected wearable devices reached to 823 million in 2019 from 326 million in 2016.

Asia Pacific is expected to exhibit highest growth during the forecast period owing to rapidly rising population and increasing demand for smart wearables in emerging economies. For instance, Huawei Technologies Co., Ltd., launched Huawei Watch GT 2 Pro smart watch.  The smart watch comes with 4GB of storage and uses Bluetooth 5.1 for connectivity. Moreover, the increasing disposable income in developed and emerging economies is expected to increase spending on smart devices. For instance, according to the National Bureau of Statistics (NBS), in China, the rural and urban per capita disposable income reached US$ 5,658.45 from US$ 2,107.2 in 2018.

The consumer electronics segment is expected to drive the market growth during the forecast period.

Among industry, the consumer electronics segment is expected to hold dominant position in the global capacitive sensor market during the forecast period. This is attributed to growing penetration of smartphones in emerging and developed economies. Manufacturers are also focusing on launching smartphones with new features in order to gain a competitive edge in the market. In April 2020, Samsung launched the new Galaxy A51 and Galaxy 71 5G smartphones with features such as Infinity-O display, 5G connectivity, long-lasting battery, and quad camera.

Figure 2: Global Capacitive Sensor Market Value (US$ Bn) Analysis and Forecast, 2017 - 2027

Capacitive Sensor  | Coherent Market Insights

The global capacitive sensor market was valued at US$ 28.6 Bn in 2019 and is expected to reach US$ 41.3 Bn by 2027 at a CAGR of 4.3% between 2020 and 2027.

Major players operating in the global capacitive sensor market are Honeywell International Inc., NXP Semiconductors, Panasonic Corporation, Siemens, STMicroelectronics, Emerson Electric Co., Microchip Technology Inc., Robert Bosch GmbH, TE Connectivity, DENSO CORPORATION, OMRON Corporation, Amphenol Advanced Sensors, Infineon Technologies AG, Analog Devices, Inc., Cypress Semiconductor Corporation, Synaptics Incorporated, Schneider Electric, Renesas Electronics Corporation, FUJITSU, 3M,Eaton,Rockwell Automation, General Electric, STMicroelectronics, ALPS ALPINE CO., LTD., Siemens and others.

Capacitive sensors are used for non-contact detection of metallic and non-metallic objects such as liquid, plastics, wood, and others. Capacity sensors are small, affordable, and consume less power. Capacitive sensors are used in industries such as automotive, healthcare, food & beverages, oil& gas, and others. The increasing demand for capacitive sensors from the automotive industry is expected to drive market growth during the forecast period. Capacitive sensors are used for the implementation of human-machine interface applications such as navigation and illumination control. Furthermore, governments are promoting the use of position sensors in autonomous vehicles which is expected to drive the market growth. For instance, in October 2019, the Japanese government launched a driverless taxi used as olympic transport to provide fast and safe delivery of goods to its final destination. These factors are expected to drive market growth during the forecast period.

Market Dynamics

The growing adoption of medical robots in the healthcare industry is expected to drive market growth during the forecast period. For instance, in November 2019, Toyota Motor Corporation launched Welwalk WW-2000, a specially designed robot to provide rehabilitation support to individuals with lower-limb paralysis and reduce the burden on therapists. The increasing adoption of minimally invasive surgery is providing a platform for medical robots by utilizing capacitive sensor technology. For instance, in December 2019, Apollo Hospitals Enterprise Ltd. launched a robot-assisted cardiac unit in India. Minimally invasive surgery helps patients to recover faster. Moreover, demand for medical robots is increasing due to the adoption of innovation, growing healthcare expenditure, and well-established healthcare infrastructure. Furthermore, technological advancements and the rising application of medical robots such as medical transportation, sanitation & disinfectant, surgery, and rehabilitation among others is driving the market growth.

The global capacitive sensor market is expected to witness significant growth during the forecast period owing to the increasing adoption of capacitive sensors in the healthcare industry. Capacitive sensors need less power for functioning and provide results with high accuracy. Government regulations are mandating use of capacitive sensors to detect heat-related issues in the medical industry. Various IoT projects across the world are using capacitive sensors for collecting efficient and accurate data, and also, to provide better care to patients. According to Coherent Market Insights’ analysis, the medical device market has reached US$ 398,000 million in 2017 due to increasing disease incidence. According to the American Heart Association (AHA), heart disease kills around 17.3 million people annually, which is expected to increase to 23.6 million by 2030. Innovative temperature sensors are used to mitigate heat-related mortality rates.

Key features of the study:

  • This report provides in-depth analysis of global capacitive sensor market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2020– 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the global capacitive sensor market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study are Honeywell International Inc., NXP Semiconductors, Panasonic Corporation, Siemens, ABB, STMicroelectronics, Emerson Electric Co., Microchip Technology Inc., Robert Bosch GmbH, TE Connectivity, DENSO CORPORATION, OMRON Corporation, Amphenol Advanced Sensors, Infineon Technologies AG, Analog Devices, Inc., Cypress Semiconductor Corporation, Synaptics Incorporated, Schneider Electric, Renesas Electronics Corporation, FUJITSU, 3M,Eaton,Rockwell Automation, General Electric, STMicroelectronics, ALPS ALPINE CO., LTD., Siemens.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The global capacitive sensor market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global capacitive sensor market.

Detailed Segmentation

  • Global Capacitive Sensor Market, By Type:
    • Touch Sensor
    • Motion Sensor
    • Position Sensor
    • Others
  • Global Capacitive Sensor Market, By Industry:
    • Consumer Electronics
    • Food & Beverages
    • Oil & Gas
    • Healthcare
    • Automotive
    • Aerospace & Defense
    • Manufacturing
    • Others
  • Global Capacitive Sensor Market, By Region:
    • North America
      • By Component:
        • Touch Sensor
        • Motion Sensor
        • Position Sensor
        • Others
      • By Industry:
        • Consumer Electronics
        • Food & Beverages
        • Oil & Gas
        • Healthcare
        • Automotive
        • Aerospace & Defense
        • Manufacturing
        • Others
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Component:
        • Touch Sensor
        • Motion Sensor
        • Position Sensor
        • Others
      • By Industry:
        • Consumer Electronics
        • Food & Beverages
        • Oil & Gas
        • Healthcare
        • Automotive
        • Aerospace & Defense
        • Manufacturing
        • Others
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Component:
        • Touch Sensor
        • Motion Sensor
        • Position Sensor
        • Others
      • By Industry:
        • Consumer Electronics
        • Food & Beverages
        • Oil & Gas
        • Healthcare
        • Automotive
        • Aerospace & Defense
        • Manufacturing
        • Others
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Component:
        • Touch Sensor
        • Motion Sensor
        • Position Sensor
        • Others
      • By Industry:
        • Consumer Electronics
        • Food & Beverages
        • Oil & Gas
        • Healthcare
        • Automotive
        • Aerospace & Defense
        • Manufacturing
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
        • Middle East and Africa
      • By Component:
        • Touch Sensor
        • Motion Sensor
        • Position Sensor
        • Others
      • By Industry:
        • Consumer Electronics
        • Food & Beverages
        • Oil & Gas
        • Healthcare
        • Automotive
        • Aerospace & Defense
        • Manufacturing
        • Others
  • Company Profiles
    • Honeywell International Inc.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • NXP Semiconductors
    • Panasonic Corporation
    • Siemens
    • STMicroelectronics
    • Emerson Electric Co.
    • Microchip Technology Inc.
    • Robert Bosch GmbH
    • TE Connectivity
    • DENSO CORPORATION
    • OMRON Corporation
    • Amphenol Advanced Sensors
    • Infineon Technologies AG
    • Analog Devices, Inc.
    • Cypress Semiconductor Corporation
    • Synaptics Incorporated
    • Schneider Electric
    • Renesas Electronics Corporation
    • FUJITSU
    • 3M
    • Eaton
    • Rockwell Automation
    • General Electric
    • STMicroelectronics
    • ALPS ALPINE CO., LTD.
    • Siemens

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New system Launch/Approvals
      • Value Chain Analysis
      • Porter’s Analysis
      • PEST Analysis
    • Impact of COVID-19
  4. Global Capacitive Sensor Market, By Type, 2020-2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Segment Trends
    • Touch Sensor
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Motion Sensor
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Position Sensor
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Others
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
  5. Global Capacitive Sensor Market, By Industry, 2020-2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Segment Trends
    • Consumer Electronics
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Food & Beverages
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Oil & Gas
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Healthcare
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Automotive
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Aerospace & Defense
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Manufacturing
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
  6. Global Capacitive Sensor Market, By Region, 2020-2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Type, 2020–2027 (US$ Billion)
      • Billion)
      • Market Size and Forecast, By Industry, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Type, 2020–2027 (US$ Billion)
      • Billion)
      • Market Size and Forecast, By Industry, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • U.K.
        • Germany
        • Spain
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Type, 2020–2027 (US$ Billion)
      • Billion)
      • Market Size and Forecast, By Industry, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Type, 2020–2027 (US$ Billion)
      • Billion)
      • Market Size and Forecast, By Industry, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Type, 2020–2027 (US$ Billion)
      • Billion)
      • Market Size and Forecast, By Industry, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country/Region, 2020 and 2027 (%)
        • South Africa
        • GCC Countries
        • Rest of the Middle East and Africa
  7. Competitive Landscape
    • Company Profiles
      • Honeywell International Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • NXP Semiconductors
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Panasonic Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Siemens
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • STMicroelectronics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Emerson Electric Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Microchip Technology Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Robert Bosch GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • TE Connectivity
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • DENSO CORPORATION
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • OMRON Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Amphenol Advanced Sensors
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Infineon Technologies AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Analog Devices, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Cypress Semiconductor Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Synaptics Incorporated
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Schneider Electric
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Renesas Electronics Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • FUJITSU
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • 3M
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Eaton
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Rockwell Automation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • General Electric
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • STMicroelectronics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ALPS ALPINE CO., LTD.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Siemens
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Capacitive Sensor Market - Global forecast to 2027”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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