Thermal Screening Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0212050
  • Format: Electronic (PDF)
  • Number of Pages: 195
  • Author(s): Joshi, Madhavi

Report Overview

The Thermal Screening Market size was estimated at USD 8.5 billion in 2023 and is projected to reach USD 6.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of -3.80% during the forecast period (2024-2030).

Thermal Screening Market

(Market Size)
$8.5 billion
$6.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) -3.80%
2023 Market Size USD 8.5 billion
2030 Market Size USD 6.5 billion
Key Players FLIR, Seek Thermal, Axis Communications, Bosch, Hikvision

Market Summary

The thermal screening market within the semiconductor and electronics industry is a critical segment focused on temperature monitoring and management solutions essential for manufacturing processes, quality control, and operational safety. Thermal screening technologies, including infrared cameras, thermal sensors, and imaging systems, are widely utilized to detect heat anomalies, prevent overheating in electronic components, and ensure product reliability. The increasing complexity and miniaturization of semiconductor devices have heightened the demand for precise thermal management, driving advancements in non-contact temperature measurement tools. Companies are investing in innovative thermal screening solutions to enhance production efficiency, reduce failure rates, and comply with stringent industry standards. The integration of artificial intelligence and machine learning into thermal imaging systems is further revolutionizing predictive maintenance and real-time monitoring capabilities. As electronic devices become more powerful and compact, effective thermal management is paramount to maintaining performance and longevity, positioning the thermal screening market as an indispensable part of the semiconductor and electronics ecosystem.

Key Highlights

Key highlights of the thermal screening market include the rapid adoption of advanced infrared technology and the growing emphasis on automation in semiconductor fabrication facilities. Leading companies such as FLIR Systems, Teledyne Technologies, and Omron Corporation are at the forefront, developing high-resolution thermal cameras and sensors that offer exceptional accuracy and speed. The market is characterized by continuous innovation, with products featuring enhanced sensitivity, wider temperature ranges, and seamless integration with IoT platforms. Another significant highlight is the increasing use of thermal screening in critical applications such as wafer inspection, assembly line monitoring, and thermal testing of integrated circuits. The shift towards Industry 4.0 and smart manufacturing is accelerating the deployment of these technologies, enabling real-time data analytics and proactive fault detection. Additionally, regulatory requirements for product safety and quality assurance are compelling manufacturers to adopt robust thermal screening solutions, ensuring compliance and minimizing operational risks.

Drivers, Opportunities & Restraints

Several drivers are propelling the thermal screening market forward, including the escalating demand for high-performance electronics and the necessity for effective thermal management in compact devices. The proliferation of 5G technology, electric vehicles, and advanced computing systems is amplifying the need for reliable thermal screening to prevent overheating and ensure device integrity. Opportunities abound in the development of AI-powered thermal analytics and the expansion into emerging applications such as quantum computing and flexible electronics. The growing focus on energy efficiency and sustainability is also opening new avenues for thermal screening solutions that optimize power consumption and reduce waste. However, the market faces restraints such as high costs associated with advanced thermal imaging systems and technical challenges related to calibration and environmental interference. Intellectual property disputes and supply chain vulnerabilities for key components like infrared detectors may also hinder market growth. Despite these challenges, ongoing research and collaborative innovations are expected to mitigate restraints and unlock further potential.

Concentration Insights

The thermal screening market is highly concentrated among a few key players who dominate through technological expertise and extensive product portfolios. Companies such as FLIR Systems, Teledyne DALSA, and Xenics hold significant market shares, leveraging their strong R&D capabilities and global distribution networks. These industry leaders continuously invest in developing cutting-edge thermal imaging solutions tailored for semiconductor manufacturing, including hyperspectral cameras and cooled infrared detectors. The concentration is also evident in strategic partnerships and mergers, such as Teledyne's acquisition of FLIR, which consolidates resources and expands market reach. Regional hubs like North America and Asia-Pacific are focal points for innovation and production, with clusters of specialized firms and research institutions driving advancements. While dominance by established players poses barriers to entry, niche startups and specialized suppliers are emerging, focusing on innovative applications and cost-effective solutions, thereby adding diversity to the market landscape.

Type Insights

Thermal screening products in the semiconductor and electronics industry are categorized primarily into cooled and uncooled thermal imaging systems, along with thermal sensors and modules. Cooled thermal cameras, which use cryogenic cooling to achieve high sensitivity and resolution, are preferred for demanding applications such as semiconductor defect detection and research activities. These systems offer superior performance in low-temperature differential environments but come at a higher cost and complexity. Uncooled thermal cameras, utilizing microbolometer technology, are more cost-effective and widely used for general-purpose monitoring, quality control, and preventive maintenance in electronics manufacturing. Thermal sensors and modules, including thermopiles and pyrometers, provide point temperature measurements and are integrated into assembly lines for real-time monitoring. Advancements in MEMS technology and nanomaterials are leading to the development of miniaturized, high-efficiency thermal screening devices, catering to the evolving needs of next-generation electronics.

Application Insights

Thermal screening finds diverse applications across the semiconductor and electronics industry, playing a crucial role in enhancing product quality, safety, and efficiency. In semiconductor manufacturing, thermal imaging is employed for wafer inspection, identifying hotspots and defects during fabrication processes to ensure yield optimization. It is also integral to assembly and packaging, where it monitors soldering processes and detects thermal mismatches in integrated circuits. In electronic device testing, thermal screening validates thermal performance under various operating conditions, preventing failures in consumer electronics, automotive electronics, and telecommunications equipment. Predictive maintenance applications utilize thermal cameras to monitor equipment health in cleanrooms and production facilities, reducing downtime and maintenance costs. Additionally, thermal screening is used in research and development for characterizing new materials and designs, supporting innovation in high-power devices and energy-efficient technologies.

Regional Insights

The thermal screening market exhibits strong regional variations influenced by technological advancement, industrial base, and investment patterns. North America, particularly the United States, is a leading region due to the presence of major semiconductor manufacturers, tech giants, and defense contractors who demand high-end thermal imaging solutions. The region benefits from robust R&D initiatives and government funding for advanced electronics. Asia-Pacific is another dominant region, driven by semiconductor hubs in countries like Taiwan, South Korea, and China, where massive electronics production necessitates extensive thermal screening for quality assurance. Japan contributes significantly through companies like Omron and Sony, focusing on precision instruments. Europe maintains a strong position with emphasis on automotive electronics and industrial automation, supported by firms such as Xenics and InfraTec. Emerging economies in Southeast Asia and India are gradually adopting thermal screening technologies as their electronics manufacturing capabilities expand, presenting growth opportunities.

Company Insights

Prominent companies in the thermal screening market include FLIR Systems, a pioneer in infrared technology known for its comprehensive range of thermal cameras and sensors used in electronics inspection. Teledyne Technologies, through its subsidiaries like Teledyne DALSA and Teledyne FLIR, offers advanced imaging solutions tailored for semiconductor applications. Omron Corporation provides automated inspection systems incorporating thermal screening for electronics assembly lines. Xenics, a Belgian company, specializes in infrared detectors and cameras for industrial and scientific use. Other key players include L3Harris Technologies, which supplies cooled infrared systems for high-performance requirements, and Optris, known for affordable and reliable thermal sensors. These companies focus on innovation, often collaborating with semiconductor manufacturers to develop custom solutions. Strategies involve expanding product portfolios, enhancing software integration for data analytics, and strengthening global sales networks to cater to the evolving needs of the electronics industry.

Recent Developments

Recent developments in the thermal screening market highlight a trend towards integration with AI and IoT, enhancing analytical capabilities and automation. FLIR Systems, now part of Teledyne, has launched new thermal camera series with improved resolution and cloud connectivity for real-time monitoring in electronics manufacturing. Teledyne DALSA introduced line scan thermal cameras optimized for high-speed semiconductor inspection, reducing processing time and increasing accuracy. Omron has developed AI-based thermal imaging systems that predict equipment failures and optimize maintenance schedules in electronics production facilities. There is also growing emphasis on miniaturization, with companies like Xenics releasing compact thermal modules for integration into portable devices and drones used for industrial inspections. Partnerships between thermal imaging firms and semiconductor manufacturers are increasing, focusing on co-developing tailored solutions for specific applications such as 5G chipset testing and electric vehicle power management.

Report Segmentation

This report on the thermal screening market is segmented to provide detailed analysis across multiple dimensions. The segmentation by type includes cooled thermal imaging systems, uncooled thermal imaging systems, and thermal sensors & modules, each examined for their technological attributes and adoption trends. Application segmentation covers semiconductor manufacturing, electronics assembly & packaging, device testing, predictive maintenance, and research & development, highlighting specific use cases and demand patterns. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with focus on key countries and regional dynamics. Additionally, the report offers insights into end-user industries, such as consumer electronics, automotive, telecommunications, and industrial electronics, detailing how thermal screening is utilized in each sector. This comprehensive segmentation enables stakeholders to identify growth areas, understand competitive landscapes, and make informed strategic decisions.

FAQs

What is thermal screening used for in the semiconductor industry? Thermal screening is primarily used for detecting heat anomalies, monitoring manufacturing processes, ensuring quality control, and preventing overheating in electronic components during production and testing.

How does thermal imaging technology work? Thermal imaging technology detects infrared radiation emitted by objects, converts it into temperature data, and creates visual images that represent heat distribution, allowing for non-contact temperature measurement and analysis.

What are the benefits of using thermal cameras in electronics manufacturing? Benefits include non-invasive inspection, real-time monitoring, early fault detection, enhanced product reliability, reduced downtime, and compliance with safety and quality standards.

Which companies are leading in the thermal screening market? Leading companies include FLIR Systems, Teledyne Technologies, Omron Corporation, Xenics, L3Harris Technologies, and Optris, known for their innovative thermal imaging solutions.

What are the emerging trends in thermal screening? Emerging trends include integration with AI and machine learning for predictive analytics, development of miniaturized and portable devices, increased use in electric vehicles and 5G infrastructure, and advancements in sensor sensitivity.

How is thermal screening applied in quality assurance? It is applied by identifying defects such as hotspots, poor solder joints, and component failures during manufacturing and testing phases, ensuring that only products meeting thermal performance specifications are approved.

Citius Research has developed a research report titled “Thermal Screening Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Thermal Screening Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Thermal Screening Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Thermal Screening Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Thermal Screening Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Thermal Screening Market
• Research Methodology
• Executive Summary
• Market Dynamics of Thermal Screening Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Thermal Screening Market
• Cost and Gross Margin Analysis of Thermal Screening Market
• Thermal Screening Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Thermal Screening Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Thermal Screening Market Key Stakeholders

Below are the key stakeholders for the Thermal Screening Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Thermal Screening Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Thermal Screening Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Thermal Screening Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Thermal Screening Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Thermal Screening Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Thermal Screening Market is expected to grow at a CAGR of XX% from 2023 to 2030.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.

Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Thermal Screening Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Thermal Screening Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Thermal Screening Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Thermal Screening Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Thermal Screening Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Thermal Screening Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Thermal Screening Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Thermal Screening Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Thermal Screening Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Thermal Screening Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Thermal Screening Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

Request a detailed Research Methodology for the market.

Request Customization or Sample Report

To request a sample report or for any inquiry regarding this report, please fill out the form below

Yes, I have read the Privacy Policy.

Related Reports






latest reports