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Asia-Pacific Image Sensor Market by Technology (CMOS Image Sensor and CCD Image Sensor) and Application: Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 273 Pages
  • February 2022
  • Region: Asia Pacific
  • Allied Market Research
  • ID: 5578317
Description Jump to:
The Asia-Pacific image sensors market was valued at $10.60 billion in 2020, and is projected to reach $34.15 billion by 2030, registering a CAGR of 12.8% from 2021 to 2030. Image sensor is used in devices such as digital cameras and varied camera modules that converts the optical image projected by the lens into electrical signals. Complementary metal-oxide-semiconductor (CMOS) is the latest technology that designs advanced image sensors.



The growth of the Asia-Pacific image sensors market is majorly driven by rise in use of image sensors in improved medical imaging solutions coupled with surge in demand for image sensor solution for security & surveillance. Furthermore, rise in adoption of image cameras for automotive applications is anticipated to drive the growth of the market. However, decline in adoption of charge-coupled device (CCD) image sensor and high manufacturing cost of image sensors are acting as prime restraints of the market. On the contrary, increased adoption of image sensor cameras in autonomous vehicles is anticipated to provide lucrative opportunities for the expansion of the Asia-Pacific image sensors industry during the forecast period.

The Asia-Pacific image sensors market is segmented into technology, application, and country. On the basis of technology, the market is segregated into charge-coupled device (CCD) and complementary metal–oxide–semiconductor (CMOS). By application, it is categorized into consumer electronics, defense & aerospace, medical, industrial, automotive, and security & surveillance. Country wise, the market trends are analyzed across China, Japan, India, Taiwan, South Korea, and rest of Asia-Pacific.

The key players operating in the market include Canon Inc., Panasonic Corporation, SK Hynix Inc., Sony Corporation, Samsung Electronics, STMicroelectronics, Hamamatsu Photonics K.K., Omnivision Technologies Inc., Galaxycore Shanghai Limited Corporation, and Smartsens.

KEY MARKET SEGMENTS


By Technology

  • CMOS Image Sensor
  • FSI
  • BSI
  • CCD Image Sensor

By Application

  • Consumer Electronics
  • Defense & Aerospace
  • Medical
  • Industrial
  • Automotive
  • Security & Surveillance

By Region

  • Asia-Pacific
  • China
  • Japan
  • India
  • Taiwan
  • South Korea
  • Rest of Asia-Pacific

KEY PLAYERS

  • Canon Inc
  • Hamamatsu Photonics KK
  • Panasonic Corporation
  • SK Hynix Inc
  • Sony Corporation
  • Samsung Electronics
  • STMicroelectronics
  • Omnivision Technologies Inc
  • Galaxycore Shanghai Limited Co
  • Smartsens

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.3. Porter’S Five Forces Analysis
3.4. Patent Analysis
3.4.1. By Region (2020–2030)
3.4.2. By Applicant
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Surge in Adoption of Image Cameras for Automotive Applications.
3.5.1.2. Rise in Use of Image Sensors in Improved Medical Imaging Solutions.
3.5.1.3. Surge in Demand for Image Sensor Solution for Security & Surveillance
3.5.2. Restraint
3.5.2.1. Decline in Adoption of Ccd Image Sensors
3.5.2.2. Decline in Adoption of Ccd Image Sensors
3.5.3. Opportunities
3.5.3.1. Increased Adoption of Image Sensor Cameras in Autonomous Vehicles.
3.1. Covid Impact
3.1.1. Impact on Market Size
3.1.2. End-user Trends, Preferences, and Budget Impact
3.1.3. End-user Trends, Preferences, and Budget Impact
3.1.4. Parent Industry Impact
3.1.5. Key Player Strategies to Tackle Negative Impact
3.1.5.1. Limiting Cuts to R&D Expense:
3.1.5.2. Focusing on Next-Generation Products
3.1.5.3. Shifting Toward Agile Supply Chain Model
3.1.6. Opportunity Window
Chapter 4: Asia-Pacific Image Sensors Market, by Technology
4.1. Overview
4.2. Cmos Image Sensor
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis, by Country
4.2.4. Fsi
4.2.5. Market Size and Forecast, by Region
4.2.6. Market Analysis, by Country
4.2.7. Bsi
4.2.8. Market Size and Forecast, by Region
4.2.9. Market Analysis, by Country
4.3. Ccd Image Sensor
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis, by Country
Chapter 5: Asia-Pacific Image Sensors Market, by Application
5.1. Overview
5.2. Consumer Electronics
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis, by Country
5.3. Defense & Aerospace
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis, by Country
5.4. Medical
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Analysis, by Country
5.5. Industrial
5.5.1. Key Market Trends, Growth Factors, and Opportunities
5.5.2. Market Size and Forecast, by Region
5.5.3. Market Analysis, by Country
5.6. Automotive
5.6.1. Key Market Trends, Growth Factors, and Opportunities
5.6.2. Market Size and Forecast, by Region
5.6.3. Market Analysis, by Country
5.7. Security & Surveillance
5.7.1. Key Market Trends, Growth Factors, and Opportunities
5.7.2. Market Size and Forecast, by Country
5.7.3. Market Analysis, by Country
Chapter 6: Asia-Pacific Image Sensors Market, by Country
6.1. Overview
6.3. Asia-Pacific
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Technology
6.3.3. Market Size and Forecast, by Application
6.3.4. Market Analysis, by Country
6.3.4.1. China
6.3.4.1.1. Market Size and Forecast, by Technology
6.3.4.1.2. Market Size and Forecast, by Application
6.3.4.2. Japan
6.3.4.2.1. Market Size and Forecast, by Technology
6.3.4.2.2. Market Size and Forecast, by Application
6.3.4.3. India
6.3.4.3.1. Market Size and Forecast, by Technology
6.3.4.3.2. Market Size and Forecast, by Application
6.3.4.4. Taiwan
6.3.4.4.1. Market Size and Forecast, by Technology
6.3.4.4.2. Market Size and Forecast, by Application
6.3.4.5. South Korea
6.3.4.5.1. Market Size and Forecast, by Technology
6.3.4.5.2. Market Size and Forecast, by Application
6.3.4.6. Rest of Asia-Pacific
6.3.4.6.1. Market Size and Forecast, by Technology
6.3.4.6.2. Market Size and Forecast, by Application
Chapter 7: Competitive Landscape
7.1. Introduction
7.1.1. Market Player Positioning, 2019
7.1.2. Top Winning Strategies
7.2. Competitive Dashboard
7.3. Competitive Heatmap
Chapter 8: Company Profiles
8.1. Canon Inc.
8.1.1. Company Overview
8.1.2. Key Executives
8.1.3. Company Snapshot
8.1.4. Operating Business Segments
8.1.5. Product Portfolio
8.1.6. Business Performance
8.1.7. Key Strategic Moves and Developments
8.2. Galaxycore Shanghai Limited Corporation
8.2.1. Company Overview
8.2.2. Key Executives
8.2.3. Company Snapshot.
8.2.4. Operating Business Segments
8.2.5. Product Portfolio
8.2.6. Key Strategic Moves and Developments
8.3. Hamamatsu Photonics
8.3.1. Company Overview
8.3.2. Key Executives
8.3.3. Company Snapshot
8.3.4. Operating Business Segments
8.3.5. Product Portfolio
8.3.6. R&D Expenditure
8.3.7. Business Performance
8.3.8. Key Strategic Moves and Developments
8.4. Omnivision
8.4.1. Company Overview
8.4.2. Key Executives
8.4.3. Company Snapshot
8.4.4. Product Portfolio
8.4.5. Key Strategic Moves and Developments
8.5. Panasonic Corporation
8.5.1. Company Overview
8.5.2. Key Executives
8.5.3. Company Snapshot
8.5.4. Operating Business Segments
8.5.5. Product Portfolio
8.5.6. Business Performance
8.5.7. Key Strategic Moves and Developments
8.6. Samsung Electronics Co. Ltd.
8.6.1. Company Overview
8.6.2. Key Executives
8.6.3. Company Snapshot.
8.6.4. Operating Business Segments
8.6.5. Product Portfolio
8.6.6. R&D Expenditure
8.6.7. Business Performance
8.6.8. Key Strategic Moves and Developments
8.7. Sk Hynix Inc.
8.7.1. Company Overview
8.7.2. Key Executive
8.7.3. Company Snapshot
8.7.4. Product Portfolio
8.7.5. Business Performance
8.7.6. Key Strategic Moves and Developments
8.8. Smartsens
8.8.1. Company Overview
8.8.2. Key Executives
8.8.3. Company Snapshot
8.8.4. Product Portfolio
8.8.5. Key Strategic Moves and Developments
8.9. Sony Corporation
8.9.1. Company Overview
8.9.2. Key Executives
8.9.3. Company Snapshot
8.9.4. Operating Business Segments
8.9.5. Product Portfolio
8.9.6. Business Performance
8.9.7. Key Strategic Moves and Developments
8.10. Stmicroelectronics N. V.
8.10.1. Company Overview
8.10.2. Key Executives
8.10.3. Company Snapshot
8.10.4. Operating Business Segments
8.10.5. Product Portfolio
8.10.6. R&D Expenditure
8.10.7. Business Performance
8.10.8. Key Strategic Moves and Developments
List of Tables
Table 01. Asia-Pacific Image Sensors Market, by Technology, 2020–2030 ($Million)
Table 02. Asia-Pacific Image Sensors Market Revenue for Cmos Image Sensor, by Country, 2020–2030 ($Million)
Table 03. Asia-Pacific Image Sensors Market Revenue for Fsi Cmos Image Sensor, by Country, 2020–2030 ($Million)
Table 04. Asia-Pacific Image Sensors Market Revenue for Bsi Cmos Image Sensor, by Country, 2020–2030 ($Million)
Table 05. Asia-Pacific Image Sensors Market Revenue for Ccd Image Sensor, by Region 2020–2030 ($Million)
Table 06. Asia-Pacific Image Sensors Market, by Application, 2020–2030 ($Million)
Table 07. Asia-Pacific Image Sensors Market Revenue for Consumer Electronics by Country, 2020–2030 ($Million)
Table 08. Asia-Pacific Image Sensors Market Revenue for Defense & Aerospace, by Counrty 2020–2030 ($Million)
Table 09. Asia-Pacific Image Sensors Market Revenue for Medical, by Counntry 2020–2030 ($Million)
Table 10. Asia-Pacific Image Sensors Market Revenue for Industrial, by Country, 2020–2030 ($Million)
Table 11. Asia-Pacific Image Sensors Market Revenue for Automotive, by Country, 2020–2030 ($Million)
Table 12. Asia-Pacific Image Sensors Market Revenue for Security & Surveillance, by Country 2020–2030 ($Million)
Table 13. Asia-Pacific Image Sensors Market Revenue, by Country, 2020–2030 ($Million)
Table 14. Asia-Pacific Asia-Pacific Image Sensors Market, by Technology, 2020–2030 ($Million)
Table 15. Asia-Pacific Asia-Pacific Image Sensors Market, by Application, 2020–2030 ($Million)
Table 16. China Asia-Pacific Image Sensors Market, by Technology, 2020–2030 ($Million)
Table 17. China Asia-Pacific Image Sensors Market, by Application, 2020–2030 ($Million)
Table 18. Japan Asia-Pacific Image Sensors Market, by Technology, 2020–2030 ($Million)
Table 19. Japan Asia-Pacific Image Sensors Market, by Application, 2020–2030 ($Million)
Table 20. India Asia-Pacific Image Sensors Market, by Technology, 2020–2030 ($Million)
Table 21. India Asia-Pacific Image Sensors Market, by Application, 2020–2030 ($Million)
Table 22. Taiwan Asia-Pacific Image Sensors Market, by Technology, 2020–2030 ($Million)
Table 23. Taiwan Asia-Pacific Image Sensors Market, by Application, 2020–2030 ($Million)
Table 24. South Korea Asia-Pacific Image Sensors Market, by Technology, 2020–2030 ($Million)
Table 25. South Korea Asia-Pacific Image Sensors Market, by Type, 2020–2030 ($Million)
Table 26. Rest of Asia-Pacific Image Sensors Market, by Technology, 2020–2030 ($Million)
Table 27. Rest of Asia-Pacific Image Sensors Market, by Application, 2020–2030 ($Million)
Table 28. Canon Inc. :Key Executives
Table 29. Canon Inc. : Company Snapshot
Table 30. Canon Inc. : Operating Segments
Table 31. Canon Inc. : Product Portfolio
Table 32. Canon Inc. . : Key Strategic Moves and Developments
Table 33. Galaxycore Shanghai Limited Corporation. :Key Executives
Table 34. Galaxycore Shanghai Limited Corporation: Company Snapshot
Table 35. Galaxycore Shanghai Limited Corporation: Operating Segments
Table 36. Galaxycore Shanghai Limited Corporation: Product Portfolio
Table 37. Galaxycore Shanghai Limited Corporation. : Key Strategic Moves and Developments
Table 38. Hamamatsu Photonics:Key Executives
Table 39. Hamamatsu Photonics: Company Snapshot
Table 40. Hamamatsu Photonics: Operating Segments
Table 41. Hamamatsu Photonics: Product Portfolio
Table 42. Hamamatsu Photonics: Key Strategic Moves and Developments
Table 43. Omnivision:Key Executives
Table 44. Omnivision: Company Snapshot
Table 45. Omnivision: Product Portfolio
Table 46. Omnivision: Key Strategic Moves and Developments
Table 47. Panasonic Corporation:Key Executives
Table 48. Panasonic Corporation: Company Snapshot
Table 49. Panasonic Corporation. : Operating Segments
Table 50. Panasonic Corporation: Product Portfolio
Table 51. Panasonic Corporation: Key Strategic Moves and Developments
Table 52. Samsung:Key Executives
Table 53. Samsung: Company Snapshot
Table 54. Samsung: Operating Segments
Table 55. Samsung: Product Portfolio
Table 56. Samsung: Key Strategic Moves and Developments
Table 57. Sk Hynix, Inc. : Key Executive
Table 58. Sk Hynix, Inc. : Company Snapshot
Table 59. Sk Hynix, Inc. : Product Portfolio
Table 60. Sk Hynix, Inc. : Key Strategic Moves and Developments
Table 61. Smartsens: Key Executives
Table 62. Smartsens: Company Snapshot
Table 63. Smartsens: Product Portfolio
Table 64. Smartsens: Key Strategic Moves and Developments
Table 65. Sony Corporation: Key Executives
Table 66. Sony Corporation: Company Snapshot
Table 67. Sony Corporation: Operating Segments
Table 68. Sony Corporation: Product Portfolio
Table 69. Sony Corporation: Key Strategic Moves and Developments
Table 70. Stmicroelectronics:Key Executives
Table 71. Stmicroelectronics: Company Snapshot
Table 72. Stmicroelectronics: Operating Segments
Table 73. Stmicroelectronics: Product Portfolio
Table 74. Stmicroelectronics: Key Strategic Moves and Developments
List of Figures
Figure 01. Key Market Segments
Figure 02. Executive Summary
Figure 03. Executive Summary
Figure 04. Top Impacting Factors
Figure 05. Top Investment Pockets
Figure 06. High Bargaining Power of Suppliers
Figure 07. High Threat of New Entrants
Figure 08. High Threat of Substitutes
Figure 09. Moderate Intensity of Rivalry
Figure 10. Moderate Bargaining Power of Buyers
Figure 11. Patent Analysis, by Country
Figure 12. Patent Analysis, by Applicant
Figure 13. Asia-Pacific Image Sensors Market Share, by Technology, 2020–2030 (%)
Figure 14. Comparative Share Analysis of Asia-Pacific Image Sensors Market for Cmos Image Sensor, by Country, 2020–2030(%)
Figure 15. Comparative Share Analysis of Asia-Pacific Image Sensors Market for Fsi Cmos Image Sensor, by Country, 2020–2030(%)
Figure 16. Comparative Share Analysis of Asia-Pacific Image Sensors Market for Bsi Cmos Image Sensor, by Country, 2020–2030(%)
Figure 17. Comparative Share Analysis of Asia-Pacific Image Sensors Market for Ccd Image Sensor, by Country, 2020 & 2030 (%)
Figure 18. Asia-Pacific Image Sensors Market Share, by Application, 2020–2030 (%)
Figure 19. Comparative Share Analysis of Asia-Pacific Image Sensors Market for Consumer Electronics, by Country, 2020–2030(%)
Figure 20. Comparative Share Analysis of Asia-Pacific Image Sensors Market for Defense & Aerospace, by Country, 2020 & 2030 (%)
Figure 21. Comparative Share Analysis of Asia-Pacific Image Sensors Market for Medical, by Country, 2020–2030(%)
Figure 22. Comparative Share Analysis of Asia-Pacific Image Sensors Market for Industrial, by Country, 2020–2030(%)
Figure 23. Comparative Share Analysis of Asia-Pacific Image Sensors Market for Automotive, by Country, 2020–2030(%)
Figure 24. Comparative Share Analysis of Asia-Pacific Image Sensors Market for Security & Surveillance, by Country, 2020–2030(%)
Figure 25. Asia-Pacific Image Sensors Market, by Region, 20120-2030 (%)
Figure 26. Comparative Share Analysis of Asia-Pacific Image Sensors Market, by Country, 2020–2030(%)
Figure 27. China Asia-Pacific Image Sensors Market, 2020–2030 ($ Million)
Figure 28. Japan Asia-Pacific Image Sensors Market, 2020–2030 ($ Million)
Figure 29. India Asia-Pacific Image Sensors Market, 2020–2030 ($ Million)
Figure 30. India Asia-Pacific Image Sensors Market, 2020–2030 ($ Million)
Figure 31. South Korea Asia-Pacific Image Sensors Market, 2020–2030 ($ Million)
Figure 32. Rest of Asia-Pacific Image Sensors Market, 2020–2030 ($ Million)
Figure 33. Market Player Positioning, 2019
Figure 34. Top Winning Strategies, by Year, 2018–2021
Figure 35. Top Winning Strategies, by Year, 2018–2021
Figure 36. Top Winning Strategies, by Company, 2018–2021
Figure 37. Competitive Dashboard
Figure 38. Competitive Heatmap of Key Players
Figure 39. Canon Inc: Revenue, 2018–2020 ($ Million)
Figure 40. Canon Inc: Revenue Share, by Segment, 2020 (%)
Figure 41. Canon Inc: Revenue Share, by Region, 2020 (%)
Figure 42. Hamamatsu Photonics: R&D Expenditure, 2018–2020 ($ Million)
Figure 43. Toshiba Corporation: Net Sales, 2018–2020 ($ Million)
Figure 44. Hamamatsu Photonics: Revenue Share by Segment, 2020 (%)
Figure 45. Panasonic Corporation: Revenue, 2018–2020 ($ Million)
Figure 46. Panasonic Corporation: Revenue Share by Segment, 2020 (%)
Figure 47. Samsung: R&D Expenditure, 2018–2020 ($ Million)
Figure 48. Samsung: Net Sales, 2018–2020 ($ Million)
Figure 49. Samsung: Revenue Share, by Segment, 2020 (%)
Figure 50. Samsung: Revenue Share, by Region, 2020 (%)
Figure 51. Sk Hynix, Inc: Revenue, 2018–2020 ($ Million)
Figure 52. Sony Corporation: Revenue, 2018–2020 ($ Million)
Figure 53. Sony Corporation: Revenue Share, by Segment, 2020 (%)
Figure 54. Stmicroelectronics: R&D Expenditure, 2018–2020 ($ Million)
Figure 55. Stmicroelectronics: Revenue, 2018–2020 ($ Million)
Figure 56. Stmicroelectronics: Revenue Share, by Segment, 2020 (%)
Figure 57. Stmicroelectronics: Revenue Share, by Region, 2020 (%)

Executive Summary

According to a new report titled, “Asia-Pacific Image Sensor Market by Technology and Application: Opportunity Analysis and Industry Forecast, 2021–2030,” The Asia-Pacific image sensor market size was valued at $10.60 billion in 2020, and is projected to reach at $34.15 billion by 2030, growing at a CAGR of 12.8% from 2021 to 2030.

Image sensor is an electronic electronics application that is used to turn an optical picture into an electrical signal. Furthermore, sensor image devices use digital cameras and imaging devices to transform light into a digital picture. Moreover, next-generation infrared imaging sensors used across 24-hour robotics applications such as surveillance systems and autonomous vehicles are designed to offer visual cues at night. In addition, an increase in the need for the incorporation of high-resolution cameras such as CMOS cameras are equipped with image sensors in smartphones devices across emerging economies is expected to drive the market growth.

The growth of the Asia-Pacific image sensor market is majorly driven by rise in use of image sensors in improved medical imaging solutions coupled with surge in demand for image sensor solutions for security & surveillance. Furthermore, surge in adoption of image cameras for automotive applications is anticipated to drive the market growth. However, decline in adoption of CCD image sensor and high manufacturing cost of image sensors are acting as a prime restraints of the market. On the contrary, increased adoption of image sensor cameras in autonomous vehicles is anticipated to provide lucrative opportunities for the expansion of the Asia-Pacific image sensor industry during the forecast period.

According to Asia-Pacific image sensor market analysis, the consumer electronics segment was the highest contributor to the image sensor world in 2020, due to surge in adoption of Internet of Things application. The consumer electronics and automotive segments collectively accounted for around 85.0% market share in 2020.

The outbreak of the COVID-19 has significantly impacted the growth of the market, owing to significant impact on prime market players. Conversely, rise in demand for Internet of Things-based smart application such as smartphones and laptops escalated the demand for image sensors solutions in Asia-Pacific during the pandemic. However, lack of availability of a professional workforce due to partial and complete lockdown implemented by governments restrained the growth of the Asia-Pacific image sensor market during a pandemic. On the contrary, the healthcare sector globally started to deploy digital image senor-based solutions, which is expected to boost Asia-Pacific image sensor market size post pandemic.

Country wise, Japan holds a significant share in the market, owing to the presence of prime players. The adoption of next-generation image sensor devices across prime sectors has strengthened the growth of the Asia-Pacific image sensor industry in this region. Moreover, surge in demand for high-resolution cameras equipped with image sensors in mobile devices is anticipated to drive the Asia-Pacific image sensor market growth.

Key Findings Of The Study


  • In 2020, the consumer electronics segment accounted for maximum revenue, and is projected to grow at a notable CAGR of 122% during the forecast period
  • The consumer electronics and automotive segments together accounted for around 850% of the Asia-Pacific image sensor market trends in 2020
  • The security & surveillance segment is projected to growth at a CAGR of 145% during the forecast period
  • Japan contributed for the major share in the Asia-Pacific image sensor market, accounting for more than 354% share in 2020
  • The key players profiled in the report include Canon Inc., Panasonic Corporation, SK Hynix Inc., Sony Corporation, Samsung Electronics, STMicroelectronics, Hamamatsu Photonics K.K., Omnivision Technologies Inc., Galaxycore Shanghai Limited Corporation, and Smartsens Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the market

Companies Mentioned

  • Canon Inc.
  • Hamamatsu Photonics K.K.
  • Panasonic Corporation
  • SK Hynix Inc.
  • Sony Corporation
  • Samsung Electronics
  • STMicroelectronics
  • Omnivision Technologies Inc.
  • Galaxycore Shanghai Limited Co.
  • Smartsens

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages273
PublishedFebruary 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 10.6 billion
Forecasted Market Value ( USD ) by 2030 $ 34.15 billion
Compound Annual Growth Rate12.4%
Regions CoveredAsia Pacific
No. of Companies Mentioned10

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