The Wide Bandgap Semiconductor Market size was valued at USD 1.2 billion in 2022 and is expected to grow to USD 7.01 billion by 2030 and grow at a CAGR of 24.7 % over the forecast period of 2023-2030.
Silicon has dominated for many years, but its performance is reaching its limits in a growing number of existing and upcoming applications. WBG semiconductors can endure stronger electric fields, allowing them to withstand higher voltages. They are also capable of operating at greater switching frequencies. The latter not only enhances performance but also reduces filtering requirements and permits the use of smaller external components (faster switching implies energy is given in smaller packets, requiring less energy to be stored in the circuit's passive and inductive devices). When compared to older silicon, these factors translate into a variety of advantages such as smaller, quicker, more efficient, and more dependable operation.
Higher voltage capabilities enable higher power designs, while drastically increased efficiency provide the same performance in smaller form factors or allow improved performance in the same form factor. Efficiency affects weight and, eventually, the carbon emissions connected with the target application's operation.
Increasing need for energy efficient devices
Growing demand for LED’s
Wide bandgap semiconductors such as gallium nitride and silicon carbide are utilized in power electronics to slow down silicon in high temperature and high-power regions. The demand for LEDs grows, so does the demand for wide bandage semiconductors. There are various market players, and there is innovation and development in wide bandgap semiconductors. Mitsubishi Electric, for example, has created the SBS-embedded MOSFET, which is a critical enabler technology for efficient and cost-effective higher-voltage SiC technology.
RESTRAIN:
High cost of manufacturing
OPPORTUNITY:
Rising need for high power density devices
Innovations in manufacturing technology.
Manufacturers of hybrid and electric vehicles are working on efficient power-conversion technologies for various powertrain stages. GaN and SiC devices are employed to create an efficient powertrain design that can meet the efficiency and power density needs of EVs. To get the greatest feasible driving distance per charge for the available battery capacity, the entire power conversion chain in EVs must work at peak efficiency. WEG semiconductor devices are more efficient and have a greater switching frequency, as well as the ability to endure higher working temperatures and voltages. As a result, the worldwide wide band gap semiconductors market is being driven by an increase in demand for WBG semiconductors devices in EVs.
CHALLENGES:
High capital investment
The manufacturing costs for wide bandgap semiconductors will be expensive. The overall sales of wide bandgap semiconductors have been limited due to various unresolved concerns with the availability of materials to create wide bandgap semiconductors, as well as the expense associated with wide bandgap semiconductor production. Semiconductors and other initial large capital inputs can stymie the expansion of the wide bandgap semiconductor.
IMPACT ANALYSIS
Power semiconductors based on gallium nitride and silicon carbide technology may pave the way for more efficient power delivery in industrial settings, while also supporting the growth of the renewable energy sector. The energy required to transfer electrons from the valance to the conduction band in gallium nitride and silicon carbide is used to develop wide bandgap semiconductors. This energy is approximately 1.1 electron volts for silicon, 3.2 electron volts for silicon carbide, and 3.4 electron volts for GaN. These qualities are a higher relevant breakdown voltage, which in some applications can reach up to 1,700 volts.
KEY MARKET SEGMENTS
By Material
Silicon Carbide (SiC)
Gallium Nitride (GaN)
Diamond
Others (Zinc Oxide, GaAs, etc)
By Application
Hybrid / Electric Vehicles
PV Inverters
Railway Tractions
Wind Turbines
Power Supplies
Motor Drives
Servers
Others (Medical Imaging, Chargers and Adapters, etc.)
End-use Industry
Automotive & Transportation
Consumer Electronics
Aerospace & Defense
IT & Telecom
Energy & Utility
Others (Healthcare, Industrial, etc.)
.png)
In 2021, Asia Pacific accounted for 49.3% of the global wide band gap semiconductors market. The region's market growth can be attributed to increased government assistance for R&D in WBG materials in China and Japan. Increased demand for energy-efficient semiconductor devices in end-use industries such as automotive, IT & telecoms, and consumer electronics, as well as increased smartphone and mobile device penetration Internet services, as well as energy and utility devices, are driving the regional market.
North America and Europe are also significant markets for wide band gap semiconductors, accounting for 26.9% and 16.8% of the global market in 2021, respectively. The market in these regions is being driven by the early penetration of WBG semiconductors and the introduction of new products. The US Naval Research Laboratory will launch GaN wide bandgap semiconductors in June 2021, enabling 1200V and beyond power switches for 200 mm large-scale manufacturing. South America and the Middle East and Africa had relatively low market shares. However, these areas are expected to be profitable. During the projected period, there will be chances for growth in the wide band gap semiconductors market.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of key players of Wide Bandgap Semiconductor Market are Avago Technologies (Braodcom), Cree Inc., Infineon Technologies AG, Navitas Semiconductor, Nexperia, On Semiconductor, Panasonic Corporation, ROHM Semiconductor, STMicroelectronics NV., Toshiba Electronic Devices & Storage Corporation and other players are listed in final report.
Avago Technologies (Braodcom)-Company Financial Analysis
| Report Attributes | Details |
|
Market Size in 2022 |
US$ 1.2Bn |
|
Market Size by 2030 |
US$ 7.01Bn |
|
CAGR |
CAGR of 24.7% From 2023 to 2030 |
|
Base Year |
2022 |
|
Forecast Period |
2023-2030 |
|
Historical Data |
2019-2021 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
By Material (Silicon Carbide (SiC), Gallium Nitride (GaN), Diamond, Others (Zinc Oxide, GaAs, etc)), By Application (Hybrid / Electric Vehicles, PV Inverters, Railway Tractions, Wind Turbines, Power Supplies, Motor Drives, Servers, Others (Medical Imaging, Chargers and Adapters, etc.)), End-use Industry (Automotive & Transportation, Consumer Electronics, Aerospace & Defense, IT & Telecom, Energy & Utility, Others (Healthcare, Industrial, etc.) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
|
Company Profiles |
Avago Technologies (Braodcom), Cree Inc., Infineon Technologies AG, Navitas Semiconductor, Nexperia, On Semiconductor, Panasonic Corporation, ROHM Semiconductor, STMicroelectronics NV., Toshiba Electronic Devices & Storage Corporation |
|
Key Drivers |
•Increasing need for energy efficient devices |
|
Market Restraints |
•High cost of manufacturing |
Wide Bandgap Semiconductor Market is anticipated to expand by 24.7 % from 2023 to 2030.
USD 7.01 billion is expected to grow by 2030.
Wide Bandgap Semiconductor Market size was valued at USD 1.2 billion in 2022
Increasing need for energy efficient devices and Growing demand for LED’s.
Asia Pacific is dominating the Wide Bandgap Semiconductor Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Wide Bandgap Semiconductor Market Segmentation, By Material
8.1 Silicon Carbide (SiC)
8.2 Gallium Nitride (GaN)
8.3 Diamond
8.4 Others (Zinc Oxide, GaAs, etc)
9. Wide Bandgap Semiconductor Market Segmentation, By Application
9.1 Hybrid / Electric Vehicles
9.2 PV Inverters
9.3 Railway Tractions
9.4 Wind Turbines
9.5 Power Supplies
9.6 Motor Drives
9.7 Servers
9.8 Others (Medical Imaging, Chargers and Adapters, etc.)
10. Wide Bandgap Semiconductor Market Segmentation, End-use Industry
10.1 Automotive & Transportation
10.2 Consumer Electronics
10.3 Aerospace & Defense
10.4 IT & Telecom
10.5 Energy & Utility
10.6 Others (Healthcare, Industrial, etc.)
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Wide Bandgap Semiconductor Market by Country
11.2.2North America Wide Bandgap Semiconductor Market by Material
11.2.3 North America Wide Bandgap Semiconductor Market by Application
11.2.4 North America Wide Bandgap Semiconductor Market by End-use Industry
11.2.5 USA
11.2.5.1 USA Wide Bandgap Semiconductor Market by Material
11.2.5.2 USA Wide Bandgap Semiconductor Market by Application
11.2.5.3 USA Wide Bandgap Semiconductor Market by End-use Industry
11.2.6 Canada
11.2.6.1 Canada Wide Bandgap Semiconductor Market by Material
11.2.6.2 Canada Wide Bandgap Semiconductor Market by Application
11.2.6.3 Canada Wide Bandgap Semiconductor Market by End-use Industry
11.2.7 Mexico
11.2.7.1 Mexico Wide Bandgap Semiconductor Market by Material
11.2.7.2 Mexico Wide Bandgap Semiconductor Market by Application
11.2.7.3 Mexico Wide Bandgap Semiconductor Market by End-use Industry
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Wide Bandgap Semiconductor Market by Country
11.3.1.2 Eastern Europe Wide Bandgap Semiconductor Market by Material
11.3.1.3 Eastern Europe Wide Bandgap Semiconductor Market by Application
11.3.1.4 Eastern Europe Wide Bandgap Semiconductor Market by End-use Industry
11.3.1.5 Poland
11.3.1.5.1 Poland Wide Bandgap Semiconductor Market by Material
11.3.1.5.2 Poland Wide Bandgap Semiconductor Market by Application
11.3.1.5.3 Poland Wide Bandgap Semiconductor Market by End-use Industry
11.3.1.6 Romania
11.3.1.6.1 Romania Wide Bandgap Semiconductor Market by Material
11.3.1.6.2 Romania Wide Bandgap Semiconductor Market by Application
11.3.1.6.4 Romania Wide Bandgap Semiconductor Market by End-use Industry
11.3.1.7 Turkey
11.3.1.7.1 Turkey Wide Bandgap Semiconductor Market by Material
11.3.1.7.2 Turkey Wide Bandgap Semiconductor Market by Application
11.3.1.7.3 Turkey Wide Bandgap Semiconductor Market by End-use Industry
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Wide Bandgap Semiconductor Market by Material
11.3.1.8.2 Rest of Eastern Europe Wide Bandgap Semiconductor Market by Application
11.3.1.8.3 Rest of Eastern Europe Wide Bandgap Semiconductor Market by End-use Industry
11.3.2 Western Europe
11.3.2.1 Western Europe Wide Bandgap Semiconductor Market by Material
11.3.2.2 Western Europe Wide Bandgap Semiconductor Market by Application
11.3.2.3 Western Europe Wide Bandgap Semiconductor Market by End-use Industry
11.3.2.4 Germany
11.3.2.4.1 Germany Wide Bandgap Semiconductor Market by Material
11.3.2.4.2 Germany Wide Bandgap Semiconductor Market by Application
11.3.2.4.3 Germany Wide Bandgap Semiconductor Market by End-use Industry
11.3.2.5 France
11.3.2.5.1 France Wide Bandgap Semiconductor Market by Material
11.3.2.5.2 France Wide Bandgap Semiconductor Market by Application
11.3.2.5.3 France Wide Bandgap Semiconductor Market by End-use Industry
11.3.2.6 UK
11.3.2.6.1 UK Wide Bandgap Semiconductor Market by Material
11.3.2.6.2 UK Wide Bandgap Semiconductor Market by Application
11.3.2.6.3 UK Wide Bandgap Semiconductor Market by End-use Industry
11.3.2.7 Italy
11.3.2.7.1 Italy Wide Bandgap Semiconductor Market by Material
11.3.2.7.2 Italy Wide Bandgap Semiconductor Market by Application
11.3.2.7.3 Italy Wide Bandgap Semiconductor Market by End-use Industry
11.3.2.8 Spain
11.3.2.8.1 Spain Wide Bandgap Semiconductor Market by Material
11.3.2.8.2 Spain Wide Bandgap Semiconductor Market by Application
11.3.2.8.3 Spain Wide Bandgap Semiconductor Market by End-use Industry
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Wide Bandgap Semiconductor Market by Material
11.3.2.9.2 Netherlands Wide Bandgap Semiconductor Market by Application
11.3.2.9.3 Netherlands Wide Bandgap Semiconductor Market by End-use Industry
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Wide Bandgap Semiconductor Market by Material
11.3.2.10.2 Switzerland Wide Bandgap Semiconductor Market by Application
11.3.2.10.3 Switzerland Wide Bandgap Semiconductor Market by End-use Industry
11.3.2.11.1 Austria
11.3.2.11.2 Austria Wide Bandgap Semiconductor Market by Material
11.3.2.11.3 Austria Wide Bandgap Semiconductor Market by Application
11.3.2.11.4 Austria Wide Bandgap Semiconductor Market by End-use Industry
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Wide Bandgap Semiconductor Market by Material
11.3.2.12.2 Rest of Western Europe Wide Bandgap Semiconductor Market by Application
11.3.2.12.3 Rest of Western Europe Wide Bandgap Semiconductor Market by End-use Industry
11.4 Asia-Pacific
11.4.1 Asia-Pacific Wide Bandgap Semiconductor Market by Country
11.4.2 Asia-Pacific Wide Bandgap Semiconductor Market by Material
11.4.3 Asia-Pacific Wide Bandgap Semiconductor Market by Application
11.4.4 Asia-Pacific Wide Bandgap Semiconductor Market by End-use Industry
11.4.5 China
11.4.5.1 China Wide Bandgap Semiconductor Market by Material
11.4.5.2 China Wide Bandgap Semiconductor Market by End-use Industry
11.4.5.3 China Wide Bandgap Semiconductor Market by Application
11.4.6 India
11.4.6.1 India Wide Bandgap Semiconductor Market by Material
11.4.6.2 India Wide Bandgap Semiconductor Market by Application
11.4.6.3 India Wide Bandgap Semiconductor Market by End-use Industry
11.4.7 Japan
11.4.7.1 Japan Wide Bandgap Semiconductor Market by Material
11.4.7.2 Japan Wide Bandgap Semiconductor Market by Application
11.4.7.3 Japan Wide Bandgap Semiconductor Market by End-use Industry
11.4.8 South Korea
11.4.8.1 South Korea Wide Bandgap Semiconductor Market by Material
11.4.8.2 South Korea Wide Bandgap Semiconductor Market by Application
11.4.8.3 South Korea Wide Bandgap Semiconductor Market by End-use Industry
11.4.9 Vietnam
11.4.9.1 Vietnam Wide Bandgap Semiconductor Market by Material
11.4.9.2 Vietnam Wide Bandgap Semiconductor Market by Application
11.4.9.3 Vietnam Wide Bandgap Semiconductor Market by End-use Industry
11.4.10 Singapore
11.4.10.1 Singapore Wide Bandgap Semiconductor Market by Material
11.4.10.2 Singapore Wide Bandgap Semiconductor Market by Application
11.4.10.3 Singapore Wide Bandgap Semiconductor Market by End-use Industry
11.4.11 Australia
11.4.11.1 Australia Wide Bandgap Semiconductor Market by Material
11.4.11.2 Australia Wide Bandgap Semiconductor Market by Application
11.4.11.3 Australia Wide Bandgap Semiconductor Market by End-use Industry
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Wide Bandgap Semiconductor Market by Material
11.4.12.2 Rest of Asia-Pacific Wide Bandgap Semiconductor Market by Application
11.4.12.3 Rest of Asia-Pacific Wide Bandgap Semiconductor Market by End-use Industry
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Wide Bandgap Semiconductor Market by Country
11.5.1.2 Middle East Wide Bandgap Semiconductor Market by Material
11.5.1.3 Middle East Wide Bandgap Semiconductor Market by Application
11.5.1.4 Middle East Wide Bandgap Semiconductor Market by End-use Industry
11.5.1.5 UAE
11.5.1.5.1 UAE Wide Bandgap Semiconductor Market by Material
11.5.1.5.2 UAE Wide Bandgap Semiconductor Market by Application
11.5.1.5.3 UAE Wide Bandgap Semiconductor Market by End-use Industry
11.5.1.6 Egypt
11.5.1.6.1 Egypt Wide Bandgap Semiconductor Market by Material
11.5.1.6.2 Egypt Wide Bandgap Semiconductor Market by Application
11.5.1.6.3 Egypt Wide Bandgap Semiconductor Market by End-use Industry
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Wide Bandgap Semiconductor Market by Material
11.5.1.7.2 Saudi Arabia Wide Bandgap Semiconductor Market by Application
11.5.1.7.3 Saudi Arabia Wide Bandgap Semiconductor Market by End-use Industry
11.5.1.8 Qatar
11.5.1.8.1 Qatar Wide Bandgap Semiconductor Market by Material
11.5.1.8.2 Qatar Wide Bandgap Semiconductor Market by Application
11.5.1.8.3 Qatar Wide Bandgap Semiconductor Market by End-use Industry
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Wide Bandgap Semiconductor Market by Material
11.5.1.9.2 Rest of Middle East Wide Bandgap Semiconductor Market by Application
11.5.1.9.3 Rest of Middle East Wide Bandgap Semiconductor Market by End-use Industry
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Wide Bandgap Semiconductor Market by Material
11.5.2.3 Africa Wide Bandgap Semiconductor Market by Application
11.5.2.4 Africa Wide Bandgap Semiconductor Market by End-use Industry
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Wide Bandgap Semiconductor Market by Material
11.5.2.5.2 Nigeria Wide Bandgap Semiconductor Market by Application
11.5.2.5.3 Nigeria Wide Bandgap Semiconductor Market by End-use Industry
11.5.2.6 South Africa
11.5.2.6.1 South Africa Wide Bandgap Semiconductor Market by Material
11.5.2.6.2 South Africa Wide Bandgap Semiconductor Market by Application
11.5.2.6.3 South Africa Wide Bandgap Semiconductor Market by End-use Industry
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Wide Bandgap Semiconductor Market by Material
11.5.2.7.2 Rest of Africa Wide Bandgap Semiconductor Market by Application
11.5.2.7.3 Rest of Africa Wide Bandgap Semiconductor Market by End-use Industry
11.6 Latin America
11.6.1 Latin America Wide Bandgap Semiconductor Market by Country
11.6.2 Latin America Wide Bandgap Semiconductor Market by Material
11.6.3 Latin America Wide Bandgap Semiconductor Market by Application
11.6.4 Latin America Wide Bandgap Semiconductor Market by End-use Industry
11.6.5 Brazil
11.6.5.1 Brazil Wide Bandgap Semiconductor Market by Material
11.6.5.2 Brazil Wide Bandgap Semiconductor Market by Application
11.6.5.3 Brazil Wide Bandgap Semiconductor Market by End-use Industry
11.6.6 Argentina
11.6.6.1 Argentina Wide Bandgap Semiconductor Market by Material
11.6.6.2 Argentina Wide Bandgap Semiconductor Market by Application
11.6.6.3 Argentina Wide Bandgap Semiconductor Market by End-use Industry
11.6.7 Colombia
11.6.7.1 Colombia Wide Bandgap Semiconductor Market by Material
11.6.7.2 Colombia Wide Bandgap Semiconductor Market by Application
11.6.7.3 Colombia Wide Bandgap Semiconductor Market by End-use Industry
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Wide Bandgap Semiconductor Market by Material
11.6.8.2 Rest of Latin America Wide Bandgap Semiconductor Market by Application
11.6.8.3 Rest of Latin America Wide Bandgap Semiconductor Market by End-use Industry
12.Company profile
12.1 Avago Technologies (Braodcom)
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Cree Inc.
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Infineon Technologies AG
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Navitas Semiconductor
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Nexperia
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 On Semiconductor
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Panasonic Corporation
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 ROHM Semiconductor
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 STMicroelectronics NV.
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Toshiba Electronic Devices & Storage Corporation
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Autonomous Underwater Vehicle Market size was valued at USD 3.12 billion in 2023 and is expected to reach USD 17.71 billion by 2032 and grow at a CAGR of 21.25% over the forecast period 2024-2032.
The 3D Display Market size was valued at USD 123.05 billion in 2023 and is expected to grow to USD 490.5 billion by 2031 and grow at a CAGR of 18.86% over the forecast period of 2024-2031.
Building Information Modeling (BIM) Market was valued at USD 7.42 Billion in 2023. It is estimated to reach USD 20.91 Billion at 12.24% CAGR by 2024-2032
The Vacuum Sensor Market Size was valued at USD 556.3 million in 2023 and is estimated to reach USD 920.6 million by 2031 and grow at a CAGR of 6.5% over the forecast period 2023-2031.
The Audio Amplifier Market Size was valued at USD 4.42 billion in 2023 and is expected to reach USD 6.68 billion by 2031 and grow at a CAGR of 5.3% over the forecast period 2024-2031
Explore the latest trends and growth drivers in the Isostatic Pressing Market. Learn about applications in aerospace, automotive, healthcare, and more, along with key players and the 2024 market forecast.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
