Silk Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, India, Italy, France - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 153 SKU: IRTNTR43219

Silk Market Report 2023-2027 

The silk market size is estimated to grow at a CAGR of 8.39% between 2022 and 2027. The market size is forecast to increase by USD 4,140.33 million. The growth of the market depends on several factors such as the increasing requirement for silk in the textile industry, the changing fashion trends, and the growing purchasing power in emerging countries and government initiatives. 

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This silk market report extensively covers market segmentation by Type (mulberry, tussar, and eri), Application (textile, cosmetics, and medicine), and Geography (APAC, Europe, North America, 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 - 2021.

The mulberry segment is estimated to witness significant growth during the forecast period. Mulberry is an essential part of the sericulture industry as the majority of the commercial silk manufactured across the world is derived from mulberry silk. Mulberry silk is mainly sourced from silkworms known as Bombyx mori L. 

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The mulberry segment was the largest segment and was valued at USD 5,066.82 million in 2017. There are several government initiatives being introduced to increase the manufacturing of Mulberry silk due to its rising demand. Even though, China is the leading producer of silk, climatic condition for the manufacturing of Mulberry silk is mostly favorable in India. Furthermore, mulberry cultivation takes place in both traditional and non-traditional sericulture states, but the growth of Mulberry cultivation in non-traditional states is higher. There si an increasing investment in Mulberry sericulture due to its better benefit-cost ratio when compared to other competing crops. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

A key factor shaping the silk market growth is the increasing R&D on spider silk. Several fibers which are available in nature have unique characteristics such as strength, resilience, and flexibility. There is increasing investment in R&D on spider silk due to its incredible toughness. 

Moreover, the manufacturing of spider silk in commercial quantities can lead to its use in life-saving ballistics-resistant materials. One of the main reasons for the increasing adoption of spider silk in ballistics-resistant material is due to its characteristics such as being lighter, thinner, more flexible, and tougher than steel. Hence, such R&D activities are positively impacting the market, which in turn will drive market growth during the forecast period.

Health hazards during silkworm rearing are one of the key challenges hindering the silk market growth. Several workers involved in the sericulture industry are prone to many health hazards. Additionally, several reproductive factors and menstrual risk factors for endometrial cancer are evident in women workers in the sericulture industry.

Moreover, the sericulture industry is known for its labor-intensive nature and the handling of diseased worms and their excreta with bare hands are significantly contributing to the health hazards. Furthermore, other health hazards such as skin irritation, ulcers, sensitization, and allergies are caused by the use of formalin and bleaching powder for disinfection and chromium to fix silk dyes. Hence, such factors are expected to hinder market growth during the forecast period.

Silk Market Regions

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APAC is estimated to contribute 65% 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.

Some of the major countries which are significantly contributing to the global silk market in APAC are China and India. Silk has always been an essential part of Chinese culture as it was used by the Chinese emperors for their own use as well as to gift to others, then it gradually expanded through Chinese culture and trade, both geographically and socially, and further to various regions in APAC.

Moreover, in India, silk is considered an integral symbol of royalty, and almost 95% of raw silk is manufactured in key Indian states such as Karnataka, Andhra Pradesh, Assam, Tamil Nadu, and West Bengal. Furthermore, factors such as the rise in disposable income and growing purchasing power due to the increased employment of women are fuelling the demand for silk in the region. Hence, such factors are expected to drive market growth in the region during the forecast period.

In 2020, during the COVID-19 pandemic, the growth of the global silk market witnessed a significant slowdown as it severely affected major silk-producing countries such as China, Italy, France, and Brazil. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the restoration of operations in industries in these regions. Such factors are expected to drive the market during the forecast period.

Key Companies and Market Share Silk Market Analysis?

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.

AMSilk GmbH: The company offers silk such as Bio fabricated silk which is used for applications including yarns and fibers for textile manufacturing, as well as gels and coatings for medical devices.

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

  • Anhui Silk
  • Bolt Threads
  • Camenzind and Co. AG
  • Eastern Silk Industries Ltd.
  • Eris Global
  • Jinchengjiang Xinxing Cocoon Silk Co. Ltd.
  • Kraig Biocraft Laboratories Inc.
  • Libas Ltd.
  • ONGETTA Srl
  • Qingdao Textiles Group Fiber Technology Co. Ltd.
  • WENSLI
  • Wujiang First Textile Co. Ltd.
  • Xuzhou Shengkun Silk Manufacturing Co. Ltd.
  • Zhejiang Jiaxin Silk Corp. Ltd.

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.

Silk Market Scope

Report Coverage

Details

Page number

153

Base year

2022

Historic period

2017 - 2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.39%

Market growth 2023-2027

USD 4,140.33 million

Market structure

Fragmented

YoY growth 2022-2023(%)

7.85

Regional analysis

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

Performing market contribution

APAC at 65%

Key countries

US, China, India, Italy, and France

Competitive landscape

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

Key companies profiled

AMSilk GmbH, Anhui Silk, Bolt Threads, Camenzind and Co. AG, Eastern Silk Industries Ltd., Eris Global, Jinchengjiang Xinxing Cocoon Silk Co. Ltd., Kraig Biocraft Laboratories Inc., Libas Ltd., ONGETTA Srl, Qingdao Textiles Group Fiber Technology Co. Ltd., WENSLI, Wujiang First Textile Co. Ltd., Xuzhou Shengkun Silk Manufacturing Co. Ltd., and Zhejiang Jiaxin Silk Corp. Ltd.

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 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 Silk 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 behaviour
  • 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

We can help! Our analysts can customize this market research report to meet your requirements. 

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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 Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • 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 silk market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global silk market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application 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 Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Mulberry - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Mulberry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Mulberry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Mulberry - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Mulberry - Year-over-year growth 2022-2027 (%)
    • 6.4 Tussar - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Tussar - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Tussar - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Tussar - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Tussar - Year-over-year growth 2022-2027 (%)
    • 6.5 Eri - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Eri - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Eri - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Eri - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Eri - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Type
      • Exhibit 46: Market opportunity by Type ($ million)
      • Exhibit 47: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 48: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 50: Chart on Comparison by Application
      • Exhibit 51: Data Table on Comparison by Application
    • 7.3 Textile - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Textile - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Textile - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Textile - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Textile - Year-over-year growth 2022-2027 (%)
    • 7.4 Cosmetics - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Cosmetics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Cosmetics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Cosmetics - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Cosmetics - Year-over-year growth 2022-2027 (%)
    • 7.5 Medicine - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Medicine - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Medicine - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Medicine - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Medicine - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Application
      • Exhibit 64: Market opportunity by Application ($ million)
      • Exhibit 65: Data Table on Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 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 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 India - Market size and forecast 2022-2027
      • Exhibit 95: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.10 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.11 Italy - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Italy - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Italy - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 107: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: 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 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 AMSilk GmbH
              • Exhibit 119: AMSilk GmbH - Overview
              • Exhibit 120: AMSilk GmbH - Product / Service
              • Exhibit 121: AMSilk GmbH - Key offerings
            • 12.4 Anhui Silk
              • Exhibit 122: Anhui Silk - Overview
              • Exhibit 123: Anhui Silk - Product / Service
              • Exhibit 124: Anhui Silk - Key offerings
            • 12.5 Bolt Threads
              • Exhibit 125: Bolt Threads - Overview
              • Exhibit 126: Bolt Threads - Product / Service
              • Exhibit 127: Bolt Threads - Key offerings
            • 12.6 Camenzind and Co. AG
              • Exhibit 128: Camenzind and Co. AG - Overview
              • Exhibit 129: Camenzind and Co. AG - Product / Service
              • Exhibit 130: Camenzind and Co. AG - Key offerings
            • 12.7 Eastern Silk Industries Ltd.
              • Exhibit 131: Eastern Silk Industries Ltd. - Overview
              • Exhibit 132: Eastern Silk Industries Ltd. - Product / Service
              • Exhibit 133: Eastern Silk Industries Ltd. - Key offerings
            • 12.8 Eris Global
              • Exhibit 134: Eris Global - Overview
              • Exhibit 135: Eris Global - Product / Service
              • Exhibit 136: Eris Global - Key offerings
            • 12.9 Jinchengjiang Xinxing Cocoon Silk Co. Ltd.
              • Exhibit 137: Jinchengjiang Xinxing Cocoon Silk Co. Ltd. - Overview
              • Exhibit 138: Jinchengjiang Xinxing Cocoon Silk Co. Ltd. - Product / Service
              • Exhibit 139: Jinchengjiang Xinxing Cocoon Silk Co. Ltd. - Key offerings
            • 12.10 Kraig Biocraft Laboratories Inc.
              • Exhibit 140: Kraig Biocraft Laboratories Inc. - Overview
              • Exhibit 141: Kraig Biocraft Laboratories Inc. - Product / Service
              • Exhibit 142: Kraig Biocraft Laboratories Inc. - Key offerings
            • 12.11 Libas Ltd.
              • Exhibit 143: Libas Ltd. - Overview
              • Exhibit 144: Libas Ltd. - Product / Service
              • Exhibit 145: Libas Ltd. - Key offerings
            • 12.12 ONGETTA Srl
              • Exhibit 146: ONGETTA Srl - Overview
              • Exhibit 147: ONGETTA Srl - Product / Service
              • Exhibit 148: ONGETTA Srl - Key offerings
            • 12.13 Qingdao Textiles Group Fiber Technology Co. Ltd.
              • Exhibit 149: Qingdao Textiles Group Fiber Technology Co. Ltd. - Overview
              • Exhibit 150: Qingdao Textiles Group Fiber Technology Co. Ltd. - Product / Service
              • Exhibit 151: Qingdao Textiles Group Fiber Technology Co. Ltd. - Key offerings
            • 12.14 WENSLI
              • Exhibit 152: WENSLI - Overview
              • Exhibit 153: WENSLI - Product / Service
              • Exhibit 154: WENSLI - Key offerings
            • 12.15 Wujiang First Textile Co. Ltd.
              • Exhibit 155: Wujiang First Textile Co. Ltd. - Overview
              • Exhibit 156: Wujiang First Textile Co. Ltd. - Product / Service
              • Exhibit 157: Wujiang First Textile Co. Ltd. - Key offerings
            • 12.16 Xuzhou Shengkun Silk Manufacturing Co. Ltd.
              • Exhibit 158: Xuzhou Shengkun Silk Manufacturing Co. Ltd. - Overview
              • Exhibit 159: Xuzhou Shengkun Silk Manufacturing Co. Ltd. - Product / Service
              • Exhibit 160: Xuzhou Shengkun Silk Manufacturing Co. Ltd. - Key offerings
            • 12.17 Zhejiang Jiaxin Silk Corp. Ltd.
              • Exhibit 161: Zhejiang Jiaxin Silk Corp. Ltd. - Overview
              • Exhibit 162: Zhejiang Jiaxin Silk Corp. Ltd. - Product / Service
              • Exhibit 163: Zhejiang Jiaxin Silk Corp. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 164: Inclusions checklist
                • Exhibit 165: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 166: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 167: Research methodology
                • Exhibit 168: Validation techniques employed for market sizing
                • Exhibit 169: Information sources
              • 13.5 List of abbreviations
                • Exhibit 170: 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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