We implement a mix of primary and secondary research for our market estimate and forecast. The secondary research forms the initial phase of our study where we conduct extensive data mining, referring to verified data sources such as independent studies, government and regulatory published material, technical journals, trade magazines, and paid data sources such as Hoover’s, Factiva, 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 impact
• 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
• Technology 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:
• Journal of Laser Micro/Nanoengineering
• Industrial Laser Technology Council
• Search Results
• LAI Magazine
• Consumer Electronics Magazine
• Company Annual Reports
Data Collection Matrix
Industry Analysis Matrix
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