Global Automotive lighting Market Analysis - APAC, Europe, North America, South America, Middle East and Africa - US, China, Japan, India, Germany - Size and Forecast 2023-2027

Published: Dec 2022 Pages: 173 SKU: IRTNTR41032

Automotive Lighting Market Forecast 2023-2027

The automotive lighting market size is forecast to increase by USD 14.41 billion between 2022 and 2027, accelerating at a CAGR of 9.79%. In 2017, China held the largest market share, projecting an annual revenue of USD 8.29 billion. 

What will be the size of the Automotive Lighting Market During the Forecast Period?

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Market Analysis 

LED lighting's widespread adoption is driving growth in the market. LED headlamps were initially limited to luxury cars due to their high cost, while mid-range vehicles relied on halogen and Xenon lighting, each with its own drawbacks. However, LED headlamps have become a focal point for automotive manufacturers, with standardized modules and technological advancements like glare-free adaptive drive beams (ADB) enhancing their performance.

The declining cost of LED lamps and their energy efficiency are further boosting their use in both luxury and mid-range vehicles. As exterior lighting plays a substantial role in the market, this shift to LED technology offers promising growth opportunities for vendors in the industry.

Market Segment Trends

OEM Segment Holds the Largest Market Share

The OEM segment showed a gradual increase in the market share of USD 19.35 billion in 2017 and continued to grow by 2021.  The luxury car segment is the primary contributor to the interior market. This is driven by the increase in demand for luxury cars, especially in developing economies, along with technological innovations and vehicle safety features. The integration of these systems with infotainment systems and ambient lighting as brand differentiators is expected to intensify market growth and trends. The passenger cars segment of the global market will be primarily driven by the increasing adoption of sport utility vehicles (SUVs) among customers during the forecast period. 

Market  - Revenue Share by End-User Segment, 2017 - 2027.   

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APAC Holds a Prominent Position in the Market

APAC is estimated to contribute 58% to the growth of the global market during the forecast period. The market in APAC will grow consistently during the forecast period due to the increase in demand for LED lighting systems and the rise in automotive production in the region. The demand for SUVs is increasing significantly in APAC.  Furthermore, there is also an upsurge in the sales of luxury vehicles in APAC countries.

Moreover, the region has been witnessing an increase in demand for EVs. Incentives provided by governing bodies and the establishment of EV charging infrastructure are driving their demand in the region. The growing concern over the use of diesel-powered vehicles is estimated to result in stringent emission norms in the region, which is anticipated to drive the demand for EVs in APAC. This demand for EVs is anticipated to create revenue-generation opportunities for such market companies during the forecast period. 

Market Size, By Region, Global, 2017 - 2027.   

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 Automotive Lighting Market Companies Overview

The market is fragmented in nature. Some significant players include FLEX N GATE Corp, General Electric Co., Hyundai Motor Group, Koito Manufacturing Co. Ltd, Koninklijke Philips NV

The market research and growth report also includes detailed market trends and analysis of the competitive landscape of the market and information about 15 market companies, including:

Lumax Industries Ltd., Marelli Holdings Co Ltd, Namyung Lighting Co. Ltd, NXP Semiconductors NV, Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., Stanley Electric Co. Ltd., Stellantis NV, Suprajit Engineering Ltd., Varroc Engineering Ltd, OSRAM GmbH, Robert Bosch GmbH, Valeo SA, Continental AG, and LG Corp.

Market Analyst Overview

The market is a dynamic sector within the global economy, undergoing significant transformations accelerated by factors like the coronavirus pandemic, evolving market trends, and the increasing demand for electric vehicles. Vehicle manufacturers are prioritizing advanced lighting technologies, with a shift from traditional lights to energy-efficient options such as LED lights. This transition is driven by the desire for enhanced durability life and strength, key attributes associated with light-emitting diodes (LEDs). Partnerships in the automotive industry, exemplified by the incorporation of smart LEDs, micro-LEDs, and laser-based lighting, are shaping the future of lighting technologies, offering features like 3D light patterns, area backlighting, and hidden-until-lit effects. This evolution extends to various aspects, including cabin lights, reading lamps, and ambient interior lighting systems, impacting both luxury-class vehicles like the Touareg SUV and low-cost vehicles catering to the disposable incomes of middle-class consumers.

In addition, the market dynamics also encompass safety considerations, as seen in the rise of adaptive lighting systems and sophisticated safety measures. Governments are influencing the industry through regulations focusing on visibility, on-road safety, and the reduction of traffic accidents. The growth trajectory of the Automotive market is intricately tied to the integration of innovative technologies, addressing concerns like energy consumption, production costs, and the adoption of materials such as Indium gallium nitride and Aluminum gallium indium phosphide. As the automotive sector embraces projector technology and lighting technology, the future promises an illuminated journey with enhanced safety and advanced lighting solutions.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017- 2027.   

  • Vehicle Type Outlook (USD Billion, 2017 - 2027)
    • Passenger cars
    • Commercial vehicles
  • End-user Outlook (USD Billion, 2017 - 2027)
    • OEM
    • Aftermarket
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Automotive Lighting Market Scope

Report Coverage

Details

Page number

173

Base year

2022

Historic period

2017 - 2021

Market forecasting period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.79%

Market growth 2023-2027

USD 14.41 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

7.49

Regional analysis

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

Performing market contribution

APAC at 58%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

FLEX N GATE Corp, General Electric Co., Hyundai Motor Group, Koito Manufacturing Co. Ltd, Koninklijke Philips NV, Lumax Industries Ltd., Marelli Holdings Co Ltd, Namyung Lighting Co. Ltd, NXP Semiconductors NV, Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., Stanley Electric Co. Ltd., Stellantis NV, Suprajit Engineering Ltd., Varroc Engineering Ltd, OSRAM GmbH, Robert Bosch GmbH, Valeo SA, Continental AG, and LG Corp.

Market dynamics

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

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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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 Vehicle Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global automotive lighting market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global automotive lighting market 2017 - 2021 ($ billion)
    • 4.2 Vehicle type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Vehicle type Segment 2017 - 2021 ($ billion)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Vehicle Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Vehicle Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Vehicle Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Vehicle Type
      • Exhibit 32: Chart on Comparison by Vehicle Type
      • Exhibit 33: Data Table on Comparison by Vehicle Type
    • 6.3 Passenger cars - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Passenger cars - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Passenger cars - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)
    • 6.4 Commercial vehicles - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Commercial vehicles - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Commercial vehicles - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Vehicle Type
      • Exhibit 42: Market opportunity by Vehicle Type ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 45: Chart on Comparison by End-user
      • Exhibit 46: Data Table on Comparison by End-user
    • 7.3 OEM - Market size and forecast 2022-2027
      • Exhibit 47: Chart on OEM - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Data Table on OEM - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Chart on OEM - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on OEM - Year-over-year growth 2022-2027 (%)
    • 7.4 Aftermarket - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Aftermarket - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on Aftermarket - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on Aftermarket - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Aftermarket - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by End-user
      • Exhibit 55: Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 59: Chart on Geographic comparison
      • Exhibit 60: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 81: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 93: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 101: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 104: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 105: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 106: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 107: Matrix on vendor position and classification
            • 12.3 FLEX N GATE Corp
              • Exhibit 108: FLEX N GATE Corp - Overview
              • Exhibit 109: FLEX N GATE Corp - Product / Service
              • Exhibit 110: FLEX N GATE Corp - Key offerings
            • 12.4 General Electric Co.
              • Exhibit 111: General Electric Co. - Overview
              • Exhibit 112: General Electric Co. - Business segments
              • Exhibit 113: General Electric Co. - Key news
              • Exhibit 114: General Electric Co. - Key offerings
              • Exhibit 115: General Electric Co. - Segment focus
            • 12.5 Hyundai Motor Group
              • Exhibit 116: Hyundai Motor Group - Overview
              • Exhibit 117: Hyundai Motor Group - Business segments
              • Exhibit 118: Hyundai Motor Group - Key offerings
              • Exhibit 119: Hyundai Motor Group - Segment focus
            • 12.6 Koito Manufacturing Co. Ltd
              • Exhibit 120: Koito Manufacturing Co. Ltd - Overview
              • Exhibit 121: Koito Manufacturing Co. Ltd - Business segments
              • Exhibit 122: Koito Manufacturing Co. Ltd - Key offerings
              • Exhibit 123: Koito Manufacturing Co. Ltd - Segment focus
            • 12.7 Koninklijke Philips NV
              • Exhibit 124: Koninklijke Philips NV - Overview
              • Exhibit 125: Koninklijke Philips NV - Business segments
              • Exhibit 126: Koninklijke Philips NV - Key news
              • Exhibit 127: Koninklijke Philips NV - Key offerings
              • Exhibit 128: Koninklijke Philips NV - Segment focus
            • 12.8 LG Corp.
              • Exhibit 129: LG Corp. - Overview
              • Exhibit 130: LG Corp. - Business segments
              • Exhibit 131: LG Corp. - Key offerings
              • Exhibit 132: LG Corp. - Segment focus
            • 12.9 Marelli Holdings Co Ltd
              • Exhibit 133: Marelli Holdings Co Ltd - Overview
              • Exhibit 134: Marelli Holdings Co Ltd - Product / Service
              • Exhibit 135: Marelli Holdings Co Ltd - Key news
              • Exhibit 136: Marelli Holdings Co Ltd - Key offerings
            • 12.10 NXP Semiconductors NV
              • Exhibit 137: NXP Semiconductors NV - Overview
              • Exhibit 138: NXP Semiconductors NV - Product / Service
              • Exhibit 139: NXP Semiconductors NV - Key news
              • Exhibit 140: NXP Semiconductors NV - Key offerings
            • 12.11 OSRAM GmbH
              • Exhibit 141: OSRAM GmbH - Overview
              • Exhibit 142: OSRAM GmbH - Business segments
              • Exhibit 143: OSRAM GmbH - Key offerings
              • Exhibit 144: OSRAM GmbH - Segment focus
            • 12.12 Robert Bosch GmbH
              • Exhibit 145: Robert Bosch GmbH - Overview
              • Exhibit 146: Robert Bosch GmbH - Business segments
              • Exhibit 147: Robert Bosch GmbH - Key news
              • Exhibit 148: Robert Bosch GmbH - Key offerings
              • Exhibit 149: Robert Bosch GmbH - Segment focus
            • 12.13 Samsung Electronics Co. Ltd.
              • Exhibit 150: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 151: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 152: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 153: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 154: Samsung Electronics Co. Ltd. - Segment focus
            • 12.14 Stanley Electric Co. Ltd.
              • Exhibit 155: Stanley Electric Co. Ltd. - Overview
              • Exhibit 156: Stanley Electric Co. Ltd. - Business segments
              • Exhibit 157: Stanley Electric Co. Ltd. - Key offerings
              • Exhibit 158: Stanley Electric Co. Ltd. - Segment focus
            • 12.15 Stellantis NV
              • Exhibit 159: Stellantis NV - Overview
              • Exhibit 160: Stellantis NV - Business segments
              • Exhibit 161: Stellantis NV - Key news
              • Exhibit 162: Stellantis NV - Key offerings
              • Exhibit 163: Stellantis NV - Segment focus
            • 12.16 Valeo SA
              • Exhibit 164: Valeo SA - Overview
              • Exhibit 165: Valeo SA - Business segments
              • Exhibit 166: Valeo SA - Key news
              • Exhibit 167: Valeo SA - Key offerings
              • Exhibit 168: Valeo SA - Segment focus
            • 12.17 Varroc Engineering Ltd
              • Exhibit 169: Varroc Engineering Ltd - Overview
              • Exhibit 170: Varroc Engineering Ltd - Business segments
              • Exhibit 171: Varroc Engineering Ltd - Key offerings
              • Exhibit 172: Varroc Engineering Ltd - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 173: Inclusions checklist
                • Exhibit 174: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 175: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 176: Research methodology
                • Exhibit 177: Validation techniques employed for market sizing
                • Exhibit 178: Information sources
              • 13.5 List of abbreviations
                • Exhibit 179: 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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