Outdoor Thermometer Market by Channel, Type, and Geography Forecast and Analysis 2023-2027

Published: Sep 2023

Pages: 160

SKU: IRTNTR70448

Snapshot

Outdoor Thermometer Market 2023-2027:

The outdoor thermometer market size is estimated to grow at a CAGR of 4.98% between 2022 and 2027. The market size is forecast to increase by USD 53.77 million. The growth of the market depends on several factors, including the rising demand for highly efficient digital outdoor thermometers, the increasing use of outdoor thermometers in end-user industries, and the increasing focus on emerging economies.

This outdoor thermometer market report extensively covers market segmentation by channel (retail chains and online), type (digital and analog), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Outdoor Thermometer Market During the Forecast Period?

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Outdoor Thermometer Market Overview

Driver

The rising demand for highly efficient digital outdoor thermometers is driving growth in the outdoor thermometer market. One of the important parameters that may influence the effectiveness of thermometers is their accuracy in temperature measurement and control. In liquid-filled thermometers, the temperature is recorded on a ruler scale that is printed on the glass tube inside which the mercury is allowed to shrink or expand to denote changes in the temperature.

On the other hand, a digital thermometer uses a thermistor, thermocouple, or other sensors that can measure small temperature changes and display them in decimals. The demand for digital thermometers is increasing as they provide accurate temperature measurements, which will contribute significantly to the growth of the global outdoor thermometer market during the forecast period.

Trends

The adoption of innovative marketing strategies by companies is a key trend in the outdoor thermometer market. Companies are using various business strategies such as mergers and acquisitions (M&A), distribution partnerships, and improved customer service to boost sales, which can help them expand their business and strengthen their market position. The increasing demand for outdoor thermometers is encouraging leading vendors to expand their geographic reach, which can boost market growth.

Moreover, the new acquisitions will allow the company to step up its distribution capabilities and meet growing demand from regions that have not yet been explored. Therefore, the different business strategies adopted by market vendors will increase the sales of outdoor thermometers, hence, fueling the growth of the market during the forecast period.

Restrain

The high risk of mercury contamination is a major challenge in the outdoor thermometer market. Liquid-filled glass thermometers are the most frequently used and traditional type of outdoor thermometer. These thermometers use mercury as the preferred liquid, as it can expand or shrink with temperature changes. Improperly releasing metallic mercury from thermometers into the environment can result in harmful consequences.

Though mercury thermometers are inexpensive, durable, and accurate, these products pose various safety and environmental hazards. Thus, the potential risks of mercury contamination could have a negative impact on the demand for these thermometers and reduce their sales. This will become a major challenge to the growth of the global outdoor thermometer market during the forecast period.

Outdoor Thermometer Market Segmentation By Channel

The market share growth by the retail chains segment will be significant during the forecast period. The market for indoor temperature instruments worldwide is characterized by a significant role played by the retail chain segment. With the increasing demand for outdoor thermometers, retail chains have become an essential channel for customers to access a wide range of outdoor thermometer products.

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The retail chains segment showed a gradual increase in the market share of USD 120.04 million in 2017 and continued to grow by 2021. Retail chains enable customers to check outdoor thermometers physically before making a purchase. Brick-and-mortar stores enable customers to have a tactile experience of products, which is missing on the Internet site, while at the same time allowing them to experiment with those products. It is expected to increase the demand for outdoor thermometers in the retail chain segment, which will propel the growth of the retail chain segment of the global outdoor thermometer market during the forecast period.

Outdoor Thermometer Market Segmentation By Type

A digital thermometer is a popular type of outdoor thermometer that has several advantages over conventional analog thermometers. Digital outdoor thermometers are extremely portable and have permanent probes and a convenient digital display. The gradual decline in the demand for liquid-filled analog outdoor thermometers and the growing preference among customers for advanced products have created a favorable market for digital outdoor thermometers. The adoption by end users of these products is also increasing, thanks to features such as rechargeable energy sources and the possibility that temperature readings could be stored for later use. The widespread availability of digital thermometers in the market has a positive impact on the growth of the global outdoor thermometer market. The high availability of digital outdoor thermometer products is increasing their adoption rate, which will contribute significantly to market growth during the forecast period.

Regional Overview

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North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The US and Canada were the major revenue contributors to the regional market, owing to the increasing industrial activities, the rising number of product launches, and the presence of both local and global companies. Besides, the presence of global vendors in the US drives market growth in the region.

However, in the industrial sector, the demand for outdoor thermometers is increasing due to the growing number of applications in the chemical, oil and gas, automotive, and metals and mining industries. In the chemical sector, outdoor thermometers provide enterprises with a quick and detailed overview of both electrical and mechanical component temperatures in order to monitor their storage tanks, insulate reactors, or carry out heating tests. Therefore, the growing demand for outdoor thermometers from the industrial sector is likely to drive the growth of the outdoor thermometer market in the region during the forecast period.

In 2020, all end-user industries of outdoor thermometers, such as water treatment, mining, chemical, and oil and gas, were severely impacted due to the stringent lockdowns imposed in the region to contain the spread of the pandemic. However, with the initiation of mass COVID-19 vaccination drives in 2021, the manufacturing sector's recovery was followed by a refocus on the integration of automation and IoT-enabled sensors into industrial processes. Such factors will lead to the growth of the market in focus in North America during the forecast period.

Outdoor Thermometer Market Customer Landscape

The Outdoor Thermometer Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Outdoor Thermometer Market Customer Landscape

Who are the Major Outdoor Thermometer Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Ambient LLC - The company offers a wide range of thermometers such as Ambient Weather WS YG315 THERMOMETER Replacement Thermometer for WS YG315 which is designed with no moving parts for a longer service life.

BALDR Electronic - The company offers outdoor thermometers such as BALDR WS0341 indoor and outdoor thermometer hygrometer w backlight and BALDR wireless weather station digital thermometer and hygrometer indoor and outdoor touch screen temperature monitor humidity gauge with backlight.

Davis Instruments Corp. - The company offers outdoor thermometers such as Vantage Vue and Vantage Pro2.

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

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The outdoor thermometer 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 to 2027.

Channel Outlook (USD Million, 2017 - 2027)
- Retail chains
- Online

Type Outlook (USD Million, 2017 - 2027)
- Digital
- Analog

Region Outlook (USD Million, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - 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
  - Argentina
  - Brazil

Outdoor Thermometer Market Scope
Report Coverage	Details
Page number	160
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 4.98%
Market growth 2023-2027	USD 53.77 million
Market structure	Fragmented
YoY growth 2022-2023(%)	4.5
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 33%
Key countries	US, Canada, China, Germany, and the UK
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Ambient LLC, BALDR Electronic, Chaney Instrument Co., Davis Instruments Corp., Esschert Design BV, Feingeratebau K. Fischer GmbH, Flinn Scientific Inc., Govee, Headwind Consumer Products, ExploraStore LLC, Honeywell International Inc., La Crosse Technology Ltd., Maverick Industries, Inc., Sainlogic High Tech Innovation Co., LTD, Springfield Instruments Inc., Taylor USA, Teledyne Technologies Inc., ThermoPro, Weems and Plath, and Whitehall Products
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, 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 Outdoor Thermometer 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 market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
A 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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Table of Contents

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 Channel
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- 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 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- 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 outdoor thermometer market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global outdoor thermometer market 2017 - 2021 ($ million)

4.2 Channel Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Channel Segment 2017 - 2021 ($ million)

4.3 Type Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

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 Channel

6.1 Market segments
- Exhibit 30: Chart on Channel - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Channel - Market share 2022-2027 (%)

6.2 Comparison by Channel
- Exhibit 32: Chart on Comparison by Channel
- Exhibit 33: Data Table on Comparison by Channel

6.3 Retail chains - Market size and forecast 2022-2027
- Exhibit 34: Chart on Retail chains - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Retail chains - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Retail chains - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Retail chains - Year-over-year growth 2022-2027 (%)

6.4 Online - Market size and forecast 2022-2027
- Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Channel
- Exhibit 42: Market opportunity by Channel ($ million)
- Exhibit 43: Data Table on Market opportunity by Channel ($ million)

7 Market Segmentation by Type

7.1 Market segments
- Exhibit 44: Chart on Type - Market share 2022-2027 (%)
- Exhibit 45: Data Table on Type - Market share 2022-2027 (%)

7.2 Comparison by Type
- Exhibit 46: Chart on Comparison by Type
- Exhibit 47: Data Table on Comparison by Type

7.3 Digital - Market size and forecast 2022-2027
- Exhibit 48: Chart on Digital - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on Digital - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on Digital - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Digital - Year-over-year growth 2022-2027 (%)

7.4 Analog - Market size and forecast 2022-2027
- Exhibit 52: Chart on Analog - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Analog - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Analog - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Analog - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Type
- Exhibit 56: Market opportunity by Type ($ million)
- Exhibit 57: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 59: Chart on Market share by geography 2022-2027 (%)
- Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027
- Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027
- Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027
- Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027
- Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 Germany - Market size and forecast 2022-2027
- Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.11 UK - Market size and forecast 2022-2027
- Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.12 Canada - Market size and forecast 2022-2027
- Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 103: Market opportunity by geography ($ million)
- Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 105: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption

11.4 Industry risks
- Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 109: Vendors covered

12.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification

12.3 Ambient LLC
- Exhibit 111: Ambient LLC - Overview
- Exhibit 112: Ambient LLC - Product / Service
- Exhibit 113: Ambient LLC - Key offerings

12.4 BALDR Electronic
- Exhibit 114: BALDR Electronic - Overview
- Exhibit 115: BALDR Electronic - Product / Service
- Exhibit 116: BALDR Electronic - Key offerings

12.5 Chaney Instrument Co.
- Exhibit 117: Chaney Instrument Co. - Overview
- Exhibit 118: Chaney Instrument Co. - Product / Service
- Exhibit 119: Chaney Instrument Co. - Key offerings

12.6 Davis Instruments Corp.
- Exhibit 120: Davis Instruments Corp. - Overview
- Exhibit 121: Davis Instruments Corp. - Product / Service
- Exhibit 122: Davis Instruments Corp. - Key offerings

12.7 Esschert Design BV
- Exhibit 123: Esschert Design BV - Overview
- Exhibit 124: Esschert Design BV - Product / Service
- Exhibit 125: Esschert Design BV - Key offerings

12.8 Feingeratebau K. Fischer GmbH
- Exhibit 126: Feingeratebau K. Fischer GmbH - Overview
- Exhibit 127: Feingeratebau K. Fischer GmbH - Product / Service
- Exhibit 128: Feingeratebau K. Fischer GmbH - Key offerings

12.9 La Crosse Technology Ltd.
- Exhibit 129: La Crosse Technology Ltd. - Overview
- Exhibit 130: La Crosse Technology Ltd. - Product / Service
- Exhibit 131: La Crosse Technology Ltd. - Key offerings

12.10 Maverick Industries, Inc.
- Exhibit 132: Maverick Industries, Inc. - Overview
- Exhibit 133: Maverick Industries, Inc. - Product / Service
- Exhibit 134: Maverick Industries, Inc. - Key offerings

12.11 Oregon Scientific Store
- Exhibit 135: Oregon Scientific Store - Overview
- Exhibit 136: Oregon Scientific Store - Product / Service
- Exhibit 137: Oregon Scientific Store - Key offerings

12.12 Springfield Instruments Inc.
- Exhibit 138: Springfield Instruments Inc. - Overview
- Exhibit 139: Springfield Instruments Inc. - Product / Service
- Exhibit 140: Springfield Instruments Inc. - Key offerings

12.13 Taylor USA
- Exhibit 141: Taylor USA - Overview
- Exhibit 142: Taylor USA - Product / Service
- Exhibit 143: Taylor USA - Key offerings

12.14 Teledyne Technologies Inc.
- Exhibit 144: Teledyne Technologies Inc. - Overview
- Exhibit 145: Teledyne Technologies Inc. - Business segments
- Exhibit 146: Teledyne Technologies Inc. - Key news
- Exhibit 147: Teledyne Technologies Inc. - Key offerings
- Exhibit 148: Teledyne Technologies Inc. - Segment focus

12.15 ThermoPro
- Exhibit 149: ThermoPro - Overview
- Exhibit 150: ThermoPro - Product / Service
- Exhibit 151: ThermoPro - Key offerings

12.16 Weems and Plath
- Exhibit 152: Weems and Plath - Overview
- Exhibit 153: Weems and Plath - Product / Service
- Exhibit 154: Weems and Plath - Key offerings

12.17 Whitehall Products
- Exhibit 155: Whitehall Products - Overview
- Exhibit 156: Whitehall Products - Product / Service
- Exhibit 157: Whitehall Products - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 158: Inclusions checklist
- Exhibit 159: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 160: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 161: Research methodology
- Exhibit 162: Validation techniques employed for market sizing
- Exhibit 163: Information sources

13.5 List of abbreviations
- Exhibit 164: List of abbreviations

Methodology

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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