Physical Vapor Deposition Market 2017–2027

Physical vapor deposition (PVD) is also referred to as physical vapor transport (PVT) which includes a variety of vacuum deposition the process that is used to produce thin films and coatings. In this process materials transferred from condensed phases to vapor phases and then get back to the condense phase of thin films. Physical vapor deposition (PVD) is used across various applications such as fabrication of microelectronic devices, surface modifications battery and fuel cell electrodes, interconnects, diffusion barriers, optical and conductive coatings. Thermal evaporation, sputtering, and ion plating are the three commonly used physical vapor deposition in almost all industries. This process is used widely used in, manufacturing of semiconductor devices such as thin-film solar panels, titanium nitride coated cutting tools for metalworking and aluminized PET film for food packaging.

The global physical vapor deposition market is projected to reach around US$ 25.7 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.4% during the forecast period (2019-2027).

Drivers

Increasing penetration of microelectronics across various industries is primarily fueling the market growth of physical vapor deposition. Microelectronics is used to production of small electronic equipment that is micrometers in size and they find application across automotive, defense, and healthcare industries. Microelectronics is one of the major application areas for physical vapor deposition (PVD). Hence the growth of the microelectronics market is fueling the market growth of physical vapor deposition.

Rising usage of physical vapor deposition in the production of low-e glass for construction and automotive industries is projected to accelerate market growth. PVD materials for coating of low-e glass include aluminum & aluminum alloy, Silver, copper & its alloy, chromium. Low-e glass helps in the reduction of heat loss which is gaining huge importance from the construction industry. Hence, rising demand for low-E glass from the construction industry is expected to propel the market growth of physical vapor deposition.

On basis of the region, Europe region dominated the global physical vapor deposition market in 2018, accounting for 41.3% share in terms of volume, followed by North America and Latin America respectively.

Figure 1. Global Physical Vapor Deposition Market, Revenue Share (%), By Region, 2018

Physical Vapor Deposition  | Coherent Market Insights

Market Restraints

High capital investment and lack of product differentiation and innovation is expected to restrict the market growth of physical vapor deposition. New and advance product development technology require huge capital investment in research and development and this the high cost of investment is expected to hinder the market growth of physical vapor deposition technology.

Lack of skilled labor and a line of sight process as physical vapor deposition technology requires both is expected to hinder the market growth. Moreover, parts used for coating require high-strength electroplated layers in order to protect from corrosion because the coating surface is exposed to extremely high temperatures and this is difficult to obtain. This factor is expected to restrict the market growth of physical vapor deposition over the forecast period.

Market Opportunities

Rising demand for physical vapor deposition coating for improving the appearance of products and durability coupled with the renovating the product’s base material is expected to propel the market growth of physical vapor deposition. In addition, the process is also gaining demand because of eco-friendly nature and other advantages that provides durability, appealing, and bright finishes to a wide range of industrial products.

Growing application of physical vapor deposition in a solar panel in order to improve the performance and efficiency is expected to provide potential growth opportunities to the market of physical vapor deposition. Rising adoption of the solar panel around the globe due to increasing need to reduce energy consumption and global warming is expected to fuel the demand for PV technology in order to boost efficiency, which in turn propelling the market growth. 

Figure 2. Global Physical Vapor Deposition Market– Opportunity Analysis

Physical Vapor Deposition  | Coherent Market Insights

Market Trends

Rising trend of using plastic materials in place of metal across the electrical industry is expected to propel the market growth of physical vapor deposition. Such plastic used in the electrical industry should be durable and scratch-resistant to meet functional requirement and aesthetic appearance. PVD technology is highly preferred over conventional coating technologies, thus propelling the market growth of physical vapor deposition.

Increasing focus of manufacturer on product innovation in order to improve the efficiency and performance is expected to fuel the market growth. For instance, in November 2015, Intevac Incorporated a supplier of thin-film deposition equipment and photonics products announced the launch of the INTEVAC VERTEX (Vertex) Physical Vapor Deposition (PVD) System. Therefore, the advent of such as advanced technology will favor market growth over the forecast period.

Figure 3. Global Physical Vapor Deposition Market, Revenue Share (%), By Product Form, in 2018

Physical Vapor Deposition  | Coherent Market Insights

On the basis of industry, in 2018, the PVD equipment has accounted the largest market share of 57.7% in terms of value, followed by the PVD services and PVD material.

Competitive Section

Key players operating in global physical vapor deposition market are Oerlikon Balzers (Oerlikon Group), IHI Corporation, Silfex Inc. (Lam Research Corp.), Lam Research Corp, Singulus Technologies AG, Applied Materials, Inc., ULVAC Inc., Veeco Instruments Inc., Buhler AG, Semicore Equipment, Inc., and Platit AG.

Physical vapor deposition (PVD) is also referred to as physical vapor transport (PVT) which includes a variety of vacuum deposition the process that is used to produce thin films and coatings. PVD is used in manufacturing of thin films and optics among others.

Market Dynamics

The global physical vapor deposition market has witnessed significant growth in recent past years, owing to the rising demand for physical vapor deposition from semiconductor industry. Based on application, the global physical vapor deposition market is bifurcated into microelectronics, storage, solar, medical equipment, cutting tools, architectural glasses, and others. Among these segments, the microelectronics segment dominated the global physical vapor deposition market in 2018, owing to the growing demand for microelectronics in various applications such as automobile industry, semiconductor industry, LED, and storage industry. This factor is estimated to drive growth of the global physical vapor deposition market during the forecast period. 

Moreover, based on industry, the global physical vapor deposition market is bifurcated in PVD equipment, PVD materials and PVD services. Among these segments, the PVD Equipment segment dominated the global physical vapor deposition market in 2018, owing to the growing use of PVD equipment in various applications such as an optics, flexible packaging and medical devices & equipment. This factor is expected to fuel the growth of the global physical vapor deposition market during the forecast period.

Furthermore, the rising usage of physical vapor deposition in the production of low-e glass for construction and automotive industries is another major factor that is projected to propel the market growth of physical vapor deposition, owing to the use of PVD materials for coating of low-e glass. This factor is estimated to drive growth of the global physical vapor deposition market in the coming years.

Furthermore, Asia Pacific region dominated the global physical vapor deposition market in 2018, owing to the increased R&D investment by wafer and photovoltaic cell manufacturers in the region.  As a result, this scenario is estimated to foster the growth of the global physical vapor deposition market during the forecast timeframe.

Key features of the study:

  • This report provides in-depth analysis of the global physical vapor deposition market, market size (US$ Billion), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2019–2027).
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, physical vapor deposition products, regional outlook, and competitive strategy adopted by the leading players.
  • Key companies covered as a part of this study includes Oerlikon Balzers (Oerlikon Group), IHI Corporation, Silfex Inc. (Lam Research Corp.), Lam Research Corp, Singulus Technologies AG, Applied Materials, Inc., ULVAC Inc., Veeco Instruments Inc., Buhler AG, Semicore Equipment, Inc., and Platit AG.
  • It profiles leading players in the global physical vapor deposition market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics.
  • The global physical vapor deposition market report caters to various stakeholders in this industry, including investors, product developers, distributors, physical vapor deposition companies, research institutes, new entrants, and financial analysts.
  • Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the global physical vapor deposition market.

Market Taxonomy

  • Global Physical Vapor Deposition Market, By Industry:
    • PVD Equipment
    • PVD Materials
    • PVD Services
  • Global Physical Vapor Deposition Market, By Application:
    • Microelectronics
    • Storage
    • Solar
    • Medical Equipment
    • Cutting Tools
    • Others
  • Global Physical Vapor Deposition Market, By Geography:
    • North America
      • U.S.
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • Canada
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
    • Europe
      • U.K.
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • Germany
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • Italy
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • France
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • Spain
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • Nordic
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • Benelux
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • Russia
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • Poland
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • Rest of Europe
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
    • Asia Pacific
      • China
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • India
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • Japan
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • ASEAN
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • South Korea
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • Rest of Asia Pacific
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
    • Latin America
      • Brazil
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • Mexico
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • Rest of Latin America
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
    • Middle East & Africa
      • GCC
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • South Africa
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
      • Rest of Middle East & Africa
        • By Industry:
          • PVD Equipment
          • PVD Materials
          • PVD Services
        • By Application:
          • Microelectronics
          • Storage
          • Solar
          • Medical Equipment
          • Cutting Tools
          • Others
  • Company Profiles
    • Oerlikon Balzers (Oerlikon Group)
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • IHI Corporation, Silfex Inc. (Lam Research Corp.)
    • Lam Research Corp
    • Singulus Technologies AG
    • Applied Materials, Inc.
    • ULVAC Inc.
    • Veeco Instruments Inc.
    • Buhler AG
    • Semicore Equipment, Inc.
    • Platit AG.

“*” 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 Industry
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Physical Vapor Deposition Market, By Industry, 2017 - 2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • PVD Equipment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
    • PVD Materials
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
    • PVD Services
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
  5. Global Physical Vapor Deposition Market, By Application, 2017 - 2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Microelectronics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
    • Storage
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
    • Solar
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
    • Medical Equipment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
    •  Cutting Tools
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion)
  6. Global Physical Vapor Deposition Market, By Region, 2017- 2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • France
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Nordic
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Benelux
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • India
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Rest of Asia Pacific
          • Sub-region/ Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2019 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • North Africa
          • Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Rest of Middle East & Africa
          • Sub-region/ Country Trends
          • Market Size and Forecast, By Industry, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
  7. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Oerlikon Balzers (Oerlikon Group)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • IHI Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Silfex Inc. (Lam Research Corp.)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Lam Research Corp
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Singulus Technologies AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Applied Materials, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • ULVAC Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Veeco Instruments Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Buhler AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Semicore Equipment, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Platit AG.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 45 market data tables* and 30 figures* on "Global Physical Vapor Deposition 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