Advanced Functional Materials Market by Type and Geography - Forecast and Analysis 2022-2026

Published: Apr 2022 Pages: 149 SKU: IRTNTR70317

The predicted growth for the advanced functional materials market share from 2021 to 2026 is USD 48 billion at a progressing CAGR of 9.02%.

This commercial vehicle fleet management system market forecast report extensively covers segmentations by:

  • Type - Composites, ceramics, energy materials, nanomaterials, and conductive polymers
  • Geography - APAC, North America, Europe, South America, and Middle East and Africa

The advanced functional materials market report offers information on several market vendors, including 3M Corp, AMETEK Inc., Applied Materials Inc., Arkema Group, BASF SE, CeramTec GmbH, Compagnie de Saint Gobain SA, Covestro AG, CPS Technologies Corp., Deutsche Edelstahlwerke Specialty Steel GmbH and Co. KG, DIC Corp., DuPont de Nemours Inc., Functional Materials Manufacturing Inc., Hexcel Corp., Momentive Performance Materials Inc., NiKKi Fron Co. Ltd., Schweiter Technologies, SHOWA DENKO K.K., Sumitomo Chemical Co. Ltd., and The Dow Chemical Co. among others. Furthermore, our analysts have provided valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches for the coming years.

What will the Advanced Functional Materials Market Size be During the Forecast Period?

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Advanced Functional Materials Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The increase in automotive regulatory requirements is notably driving the advanced functional materials market growth, although factors such as fluctuating raw material prices and high cost of materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the advanced functional materials industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Advanced Functional Materials Market Driver

  • The increase in automotive regulatory requirements is one of the key drivers supporting the advanced functional materials market growth.
  • The number of laws and regulations regarding the reduction of CO2 emissions from automobiles is increasing.
  • The emission norms are becoming stringent with every passing day, leading to a rise in the demand for lightweight materials as their application in automobile components can help in achieving the necessary emission requirements and increase vehicle efficiency.
  • With a 10% reduction in automotive mass, there is a 6% increase in fuel efficiency.
  • For instance, the US Environmental Protection Agency (EPA) has set GHG emission standards under the Clean Air Act and standards for tailpipe emissions for all passenger cars as well as SUVs. Thus, an increase in automotive regulatory requirements will drive the global advanced functional materials market growth. 

Key Advanced Functional Materials Market Trend

  • The increasing need for miniaturization and microelectronics is one of the key advanced functional materials market trends fueling the market growth.
  • Currently, miniaturized electronic devices have reduced power consumption and increased functionalities. The size of embedded components has reduced, which has led to the placement of more components.
  • Large PCBs and thick interconnects can lead to signal propagation issues and power loss, which reduces the uptime of battery-powered devices. Advanced functional materials overcome these problems as extremely thin conductors/interconnects are used, which efficiently transfer signals and power to all the connected components. 
  • The emergence of flexible substrate technology has fueled the development of small and compact devices, increasing the demand for advanced functional materials. Thus, the growing emphasis on product miniaturization and customized offerings is expected to increase the demand for advanced functional materials globally during the forecast period. 

Key Advanced Functional Materials Market Challenge

  • Fluctuating raw material prices and the high cost of materials is one of the factors hampering the advanced functional materials market growth.
  • The prices of raw materials such as crude oil, lightweight metal ores, and advanced functional composites are highly fluctuating due to the unstable global production and consumption scenarios. 
  • Price fluctuations render the market unpredictable and become a deterrent to the growth of the advanced functional materials market.
  • Crude oil prices have a major impact on the prices of methylene diphenyl diisocyanate and toluene diisocyanate, which are the raw materials used for manufacturing polyurethane.

  • For instance, in March 2022, Oil prices surged by over 7%, which is the highest since 2014. Thus, members of the IEA, including the US and Japan, agreed to release 60 million barrels of crude oil from their reserves to try to subdue the sharp increase in prices of crude oil. Such fluctuations in crude oil prices may limit the advanced functional materials market growth during the forecast period.

This advanced functional materials market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global advanced functional materials market as a part of the global diversified metals and mining market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the advanced functional materials market during the forecast period.

Who are the Major Advanced Functional Materials Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 3M Corp
  • AMETEK Inc.
  • Applied Materials Inc.
  • Arkema Group
  • BASF SE
  • CeramTec GmbH
  • Compagnie de Saint Gobain SA
  • Covestro AG
  • CPS Technologies Corp.
  • Deutsche Edelstahlwerke Specialty Steel GmbH and Co. KG
  • DIC Corp.
  • DuPont de Nemours Inc.
  • Functional Materials Manufacturing Inc.
  • Hexcel Corp.
  • Momentive Performance Materials Inc.
  • NiKKi Fron Co. Ltd.
  • Schweiter Technologies
  • SHOWA DENKO K.K.
  • Sumitomo Chemical Co. Ltd.
  • The Dow Chemical Co.

 

This statistical study of the advanced functional materials market encompasses successful business strategies deployed by the key vendors. The advanced functional materials market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • 3M Corp - The healthcare segment focuses on food safety indicator solutions, skin, wound care, and infection prevention products and solutions. 
  • 3M Corp - The company offers advanced functional materials that include ceramics, composite resins, fluoropolymers, fuel cell, and battery components. 

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The advanced functional materials market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Advanced Functional Materials Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the advanced functional materials market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Advanced Functional Materials Market?

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50% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the advanced functional materials market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing consumption of advanced functional materials will facilitate the advanced functional materials market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 negatively affected the regional market. However, the resumption of industrial activities from 2021 raised the demand for advanced functional materials in the industrial sectors, which, in turn, will contribute to the growth of the advanced functional materials market in focus in the region during the forecast period.

What are the Revenue-generating Type Segments in the Advanced Functional Materials Market?

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The advanced functional materials market share growth by the composites segment will be significant during the forecast period. Composites are extensively used as a replacement for steel owing to their higher strength-to-weight ratio. The composite material comprises one or more constituent materials with different chemical or physical properties. These materials are combined to produce advanced functional composites, which are distinct in characteristics, light, cost-effective, and strong compared with conventional metals. These factors of composites will drive the advanced functional materials market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the advanced functional materials market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Advanced Functional Materials Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.02%

Market growth 2022-2026

$48 billion

Market structure

Fragmented

YoY growth (%)

7.86

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 50%

Key consumer countries

US, Mexico, China, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3M Corp, AMETEK Inc., Applied Materials Inc., Arkema Group, BASF SE, CeramTec GmbH, Compagnie de Saint Gobain SA, Covestro AG, CPS Technologies Corp., Deutsche Edelstahlwerke Specialty Steel GmbH and Co. KG, DIC Corp., DuPont de Nemours Inc., Functional Materials Manufacturing Inc., Hexcel Corp., Momentive Performance Materials Inc., NiKKi Fron Co. Ltd., Schweiter Technologies, SHOWA DENKO K.K., Sumitomo Chemical Co. Ltd., and The Dow Chemical Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Advanced Functional Materials Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive advanced functional materials market growth during the next five years
  • Precise estimation of the advanced functional materials market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the advanced functional materials industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of advanced functional materials market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Composites - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Composites - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Composites - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Composites - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Composites - Year-over-year growth 2021-2026 (%)
    • 5.4 Ceramics - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Ceramics - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Ceramics - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Ceramics - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Ceramics - Year-over-year growth 2021-2026 (%)
    • 5.5 Energy materials - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Energy materials - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 37: Data Table on Energy materials - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Chart on Energy materials - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Energy materials - Year-over-year growth 2021-2026 (%)
    • 5.6 Nanomaterials - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Nanomaterials - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 41: Data Table on Nanomaterials - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 42: Chart on Nanomaterials - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Nanomaterials - Year-over-year growth 2021-2026 (%)
    • 5.7 Conductive polymers - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Conductive polymers - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 45: Data Table on Conductive polymers - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 46: Chart on Conductive polymers - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Conductive polymers - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by Type
      • Exhibit 48: Market opportunity by Type ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Mexico - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Mexico - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 83: Data Table on Mexico - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 84: Chart on Mexico - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Mexico - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 90: Chart on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 91: Data Table on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 92: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 3M Corp
              • Exhibit 101: 3M Corp - Overview
              • Exhibit 102: 3M Corp - Business segments
              • Exhibit 103: 3M Corp - Key news
              • Exhibit 104: 3M Corp - Key offerings
              • Exhibit 105: 3M Corp - Segment focus
            • 10.4 Arkema Group
              • Exhibit 106: Arkema Group - Overview
              • Exhibit 107: Arkema Group - Business segments
              • Exhibit 108: Arkema Group - Key news
              • Exhibit 109: Arkema Group - Key offerings
              • Exhibit 110: Arkema Group - Segment focus
            • 10.5 BASF SE
              • Exhibit 111: BASF SE - Overview
              • Exhibit 112: BASF SE - Business segments
              • Exhibit 113: BASF SE - Key news
              • Exhibit 114: BASF SE - Key offerings
              • Exhibit 115: BASF SE - Segment focus
            • 10.6 Covestro AG
              • Exhibit 116: Covestro AG - Overview
              • Exhibit 117: Covestro AG - Business segments
              • Exhibit 118: Covestro AG - Key news
              • Exhibit 119: Covestro AG - Key offerings
              • Exhibit 120: Covestro AG - Segment focus
            • 10.7 CPS Technologies Corp.
              • Exhibit 121: CPS Technologies Corp. - Overview
              • Exhibit 122: CPS Technologies Corp. - Product / Service
              • Exhibit 123: CPS Technologies Corp. - Key offerings
            • 10.8 DuPont de Nemours Inc.
              • Exhibit 124: DuPont de Nemours Inc. - Overview
              • Exhibit 125: DuPont de Nemours Inc. - Business segments
              • Exhibit 126: DuPont de Nemours Inc. - Key offerings
              • Exhibit 127: DuPont de Nemours Inc. - Segment focus
            • 10.9 Hexcel Corp.
              • Exhibit 128: Hexcel Corp. - Overview
              • Exhibit 129: Hexcel Corp. - Business segments
              • Exhibit 130: Hexcel Corp. - Key news
              • Exhibit 131: Hexcel Corp. - Key offerings
              • Exhibit 132: Hexcel Corp. - Segment focus
            • 10.10 Schweiter Technologies
              • Exhibit 133: Schweiter Technologies - Overview
              • Exhibit 134: Schweiter Technologies - Business segments
              • Exhibit 135: Schweiter Technologies - Key offerings
              • Exhibit 136: Schweiter Technologies - Segment focus
            • 10.11 Sumitomo Chemical Co. Ltd.
              • Exhibit 137: Sumitomo Chemical Co. Ltd. - Overview
              • Exhibit 138: Sumitomo Chemical Co. Ltd. - Business segments
              • Exhibit 139: Sumitomo Chemical Co. Ltd. - Key offerings
              • Exhibit 140: Sumitomo Chemical Co. Ltd. - Segment focus
            • 10.12 The Dow Chemical Co.
              • Exhibit 141: The Dow Chemical Co. - Overview
              • Exhibit 142: The Dow Chemical Co. - Business segments
              • Exhibit 143: The Dow Chemical Co. - Key news
              • Exhibit 144: The Dow Chemical Co. - Key offerings
              • Exhibit 145: The Dow Chemical Co. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 146: Inclusions checklist
                • Exhibit 147: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 148: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 149: Research methodology
                • Exhibit 150: Validation techniques employed for market sizing
                • Exhibit 151: Information sources
              • 11.5 List of abbreviations
                • Exhibit 152: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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