Methodology
We implement a mix of primary and secondary research for our market estimates and forecasts. Secondary research forms the initial phase of our report where we conduct extensive data mining, referring to verified data sources such as independent studies, government and regulatory published materials, technical journals, trade magazines, and paid data sources such as Hoover’s, Factiva, ICIS, and so on. This forms the basis of our estimates. For forecasting, the following parameters are considered:
• Market drivers and restraints, along with their current and expected impacts
• Regulatory scenario and expected developments
We assign weights to these parameters and quantify their market impact using the weighted average analysis to derive an expected market growth rate. Furthermore, we use correlation, regression, and time-series analysis to evaluate the key industry dynamics. All our estimates and forecasts are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
• Market leading participants
• Product type distributors and vendors
• Key consumers and clients
These exhaustive primary interviews help our analysts in validating the market and segment estimates and forecasts. Additionally, we also gain significant industry insights, key developments, and expectations. Grand View Research only utilizes validated and authenticated secondary data sources. Some of the secondary sources used for this report include but are not limited to:
• Electronics Weekly
• IEEE
• OICA
• Automotive Service Association
• Hoover’s
• Company Annual Reports
Data Collection Matrix
Perspective |
Primary research |
Secondary research |
Supply side |
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Demand side |
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Industry Analysis Matrix
Qualitative analysis |
Quantitative analysis |
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