Test Benches Market Report Scope & Overview:

The Test Benches Market size was valued at USD 1.87 Billion in 2025E and is projected to reach USD 2.90 Billion by 2033, growing at a CAGR of 5.72% during 2026-2033.

The Test Benches Market is expanding due to the rising demand for precision testing across automotive, aerospace, electronics, and industrial sectors. Increasing adoption of automated and motorized benches is enhancing accuracy, efficiency, and reducing downtime in production environments. The growth of electric vehicles, IoT devices, and advanced semiconductor manufacturing is further driving the need for high-performance testing solutions.

Automated & motorized test benches now represent 65% of all new installations in 2024, reducing human error by 40% and cutting test cycle times by 30–50%. Factories report 22% less unplanned downtime after switching from manual to robotic test rigs.

Market Size and Forecast: 

  • Market Size in 2025: USD 1.87 Billion 

  • Market Size by 2033: USD 2.90 Billion 

  • CAGR: 5.72% from 2026 to 2033 

  • Base Year: 2025 

  • Forecast Period: 2026–2033 

  • Historical Data: 2022–2024 

Test Benches Market Trends

  • Increasing shift from manual to motorized and automated test benches, enhancing precision, repeatability, and efficiency across industries globally.

  • Integration of IoT-enabled sensors and real-time data analytics in test benches, supporting predictive maintenance and improved quality assurance systems.

  • Growing adoption of digital twin technology in test benches, enabling simulation, validation, and faster prototyping in automotive and aerospace industries.

  • Rising demand for EV and battery testing benches, driven by electric vehicle expansion and stricter global energy efficiency regulations.

  • Expansion of modular, customizable test bench designs offering flexibility, scalability, and cost-effectiveness for diverse industrial and electronic applications.

The U.S. Test Benches Market size was valued at USD 0.54 Billion in 2025E and is projected to reach USD 0.83 Billion by 2033, growing at a CAGR of 5.38%during 2026-2033. Test Benches Market growth is driven by strong demand in automotive, aerospace, and defense industries for high-precision testing equipment. Rising investments in EV development and advanced electronics manufacturing are creating new opportunities for motorized and automated benches. The presence of leading technology providers and strong R&D initiatives further accelerates innovation in digital, IoT-enabled testing systems.

Test Benches Market Growth Drivers:

  • Growing adoption of automated, IoT-enabled, and digital twin-integrated test benches across automotive, aerospace, and electronics industries.

The increasing need for precision, efficiency, and reliability in product validation is fueling the adoption of advanced test benches. Automated and IoT-enabled systems reduce human error, deliver real-time insights, and optimize production workflows. Digital twin integration further enhances simulation and prototyping, accelerating time-to-market for complex products. This technological transformation is a major driver shaping global test bench demand.

Over 70% of new test benches deployed in 2024 are IoT-enabled, streaming real-time performance data to cloud dashboards — reducing defect escape rates by 35% and cutting validation cycle times by up to 50% in automotive and electronics sectors.

Test Benches Market Restraints:

  • High capital investment and maintenance costs associated with advanced test benches limit adoption among small enterprises

While test benches are crucial for quality assurance, their high purchase and integration costs act as a barrier for SMEs. Advanced automated and motorized systems often require significant capital, specialized training, and regular maintenance. This increases total cost of ownership, slowing down adoption. Smaller companies, especially in emerging markets, face challenges in justifying ROI, creating a restraint for market growth.

Test Benches Market Opportunities:

  • Rising demand for test benches in electric vehicle, battery testing, and renewable energy applications worldwide

The global shift toward clean energy and electrification is creating lucrative opportunities for test benches. EV manufacturers need specialized testing solutions for batteries, drivetrains, and electronic modules to meet safety and performance standards. Similarly, renewable energy systems like wind turbines and solar inverters require reliable validation equipment. These expanding applications present a strong growth opportunity for innovative and customized test benches globally.

Over 80% of new EV drivetrain test benches in 2024 now simulate real-world thermal, vibration, and load profiles, cutting field failure rates by 35% — while Tier-1 suppliers report 90% utilization rates on these systems amid production ramp-ups.

Test Benches Market Segment Analysis

  • By Component: Hardware led the Test Benches Market with a 55.63% share in 2025E, while Software is the fastest growing segment with a CAGR of 14.56%.

  • By Application: Semiconductor & Electronics dominated the market with a 52.21% share in 2025E, whereas Automotive & Transportation is the fastest growing segment with a CAGR of 9.49%.

  • By Type: Valve test benches led with a 38.13% share in 2025E, and Force test benches are the fastest growing segment at a CAGR of 8.90%.

  • By Test Stands: Manual test stands held 61.78% of the market in 2025E, while Motorized test stands are growing fastest at a CAGR of 9.20%.

By Component, Hardware Leads Market While Software Registers Fastest Growth

Hardware continues to dominate the test benches market, driven by rising demand for durable, precise, and high-performance components that ensure reliability in various testing environments. Industries such as automotive, aerospace, and electronics heavily depend on advanced hardware setups for real-time performance validation. However, software is registering the fastest growth as digitalization accelerates. Increasing adoption of automation, IoT connectivity, and data analytics tools enhances monitoring, control, and predictive maintenance capabilities. The integration of smart software solutions is transforming conventional hardware into intelligent, connected systems.

By Application, Semiconductor & Electronics Dominate While Automotive & Transportation Shows Rapid Growth

Semiconductor and electronics applications lead the test benches market due to their crucial role in validating complex circuits, chips, and devices. With rising consumer electronics demand, miniaturization, and semiconductor innovations, these industries require advanced testing systems to ensure product performance and reliability. Meanwhile, automotive and transportation is showing rapid growth, fueled by trends such as electric vehicles (EVs), autonomous driving technologies, and stringent safety regulations. Testing batteries, powertrains, and sensors drives strong adoption, positioning the automotive sector as a key growth catalyst in the years ahead.

By Type, Valve Lead While Force Registers Fastest Growth

Valve test benches dominate the market owing to their widespread use in oil & gas, power generation, and industrial sectors. Their ability to ensure safety, durability, and performance of critical fluid-handling systems makes them highly sought-after. However, force test benches are registering the fastest growth, supported by rising applications in aerospace, automotive, and electronics industries where precision and load-bearing capacity validation is vital. Growing focus on material strength, structural testing, and performance optimization further strengthens demand, making force test benches an emerging high-potential segment globally.

By Test Stands, Manual Lead While Motorized Grow Fastest

Manual test stands currently lead the test benches market due to their cost-effectiveness, versatility, and adoption among small to mid-sized enterprises. These systems are widely used in applications where moderate precision and lower capital investment are sufficient. However, motorized test stands are witnessing the fastest growth as industries seek efficiency, automation, and high repeatability. Their integration with IoT, sensors, and digital control enhances productivity and accuracy. With increasing use in automotive, electronics, and industrial sectors, motorized test stands are rapidly transforming the testing landscape worldwide.

Test Benches Market Regional Analysis:

North America Test Benches Market Insights

In 2025E North America dominated the Test Benches Market and accounted for 39.56% of revenue share, this leadership is due to the high focus on innovation, strict safety standards, and quality assurance drive adoption of technologically advanced test benches. The presence of leading players and strong R&D culture boosts development of IoT-enabled and digital twin–integrated systems. Growth in EV production and electronics manufacturing adds further momentum. North America remains a hub for next-generation testing solutions.

U.S. Test Benches Market Insights

The U.S. leads the North American market, supported by strong aerospace, defense, and semiconductor industries. High investments in EV technologies and clean energy drive demand for motorized and automated test benches.

Asia-pacific Test Benches Market Insights

Asia-pacific is expected to witness the fastest growth in the Test Benches Market over 2026-2033, with a projected CAGR of 6.31% due to rapid industrialization and strong manufacturing activity in automotive, electronics, and aerospace sectors. Countries like China, Japan, and South Korea lead in adopting automated testing systems to enhance efficiency. Expanding semiconductor and EV production further fuels market demand. The region also benefits from lower manufacturing costs and increasing R&D investments.

China Test Benches Market Insights

China is the single largest contributor within Asia-Pacific, owing to its robust electronics, automotive, and industrial manufacturing base. Government initiatives promoting industrial automation and energy efficiency support widespread test bench adoption.

Europe Test Benches Market Insights

Europe holds steady market growth, backed by advanced automotive and aerospace industries, particularly in Germany, France, and the U.K. Stringent EU regulations on safety and emissions accelerate the use of precision testing systems. The region also benefits from strong engineering expertise and adoption of Industry 4.0 technologies.

Germany Test Benches Market Insights

Germany dominates Europe’s test benches market, owing to its strong automotive and industrial engineering base. Leading OEMs and Tier-1 suppliers rely heavily on advanced testing systems for quality validation. The country’s leadership in Industry 4.0 supports integration of automation, robotics, and IoT into test benches.

Latin America (LATAM) and Middle East & Africa (MEA) Test Benches Market Insights

Latin America (LATAM) and the Middle East & Africa (MEA) are emerging regions in the test benches market, showing steady growth fueled by automotive expansion in Brazil, Mexico, and industrial diversification in the UAE and Saudi Arabia. Both regions benefit from rising demand across oil & gas, energy, aerospace, and utilities. Limited local manufacturing opens opportunities for global players to strengthen exports. Government investments in infrastructure and renewable energy accelerate adoption.

Test Benches Market Competitive Landscape:

Keysight Technologies provides advanced electronic design and testing solutions, including high-performance test benches. The company focuses on aerospace, defense, automotive, and semiconductor markets, leveraging IoT and 5G advancements. Its innovation in automated testing enhances precision, speed, and market competitiveness globally.

  • In March 2025, introduced a new fixture in its double-pulse test portfolio enabling dynamic testing of Wide-Bandgap (WBG) power semiconductor bare chips without soldering.

National Instruments (NI) is a leading provider of modular testing and measurement systems, offering versatile test benches for automotive, electronics, and aerospace industries. NI emphasizes software-defined, IoT-enabled testing platforms that accelerate product validation, improve scalability, and strengthen global engineering productivity.

  • In April 2025, At NI Connect, Emerson announced hardware and software enhancements including expanded DAQ line (FieldDAQ, CompactDAQ with USB-C), updated connectors, and improved modules for RF test benche.

ATEQ Corporation specializes in leak testing, pressure measurement, and quality control systems, delivering tailored test benches for automotive and industrial applications. With global presence, ATEQ emphasizes high accuracy, compliance with regulatory standards, and integration of automation to optimize industrial testing processes.

  • In April 2025, ATEQ Corporation hosted an Engineering Day in Michigan, focusing on leak testing fundamentals and showcasing their latest innovations in leak testing technologies

Teradyne, Inc. offers automated test equipment and benches supporting semiconductors, electronics, and industrial applications. Known for robotics integration, Teradyne advances flexible, high-precision testing solutions. Its systems cater to consumer electronics, automotive, and 5G markets, enabling efficiency, reliability, and reduced testing costs worldwide.

  • In April 2025, Teradyne announced the integration of its UltraFLEXplus automated test equipment with ficonTEC's advanced optical alignment and wafer handling technologies, enabling double-sided wafer probe testing for silicon photonics.

Test Benches Market Key Players:

Some of the Test Benches Market Companies are:

  • Keysight Technologies, Inc.

  • National Instruments Corporation

  • ATEQ Corporation

  • Teradyne, Inc.

  • Chroma ATE Inc.

  • Com-Ten Industries

  • EFCO Maschinenbau GmbH

  • ABL Automazione S.r.l.

  • AMETEK, Inc.

  • ANDILOG Technologies

  • Blum-Novotest GmbH

  • Bosch Rexroth AG

  • Moog Inc.

  • Rohde & Schwarz

  • Kistler Group

  • MTS Systems

  • PCE Instruments Americas, Inc.

  • dSPACE GmbH

  • Siemens Digital Industries Software

  • AVL List GmbH

Test Benches Market Report Scope:

Report Attributes Details
Market Size in 2025 USD 1.87 Billion
Market Size by 2033 USD 2.90 Billion
CAGR CAGR of 5.72% From 2026 to 2033
Base Year 2025E
Forecast Period 2026-2033
Historical Data 2022-2024
Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Component (Hardware and Software)
• By Application (Semiconductor & Electronics, Industrial Manufacturing & Engineering, Automotive & Transportation, Power Generation & Utilities, Oil & Gas and Others)
• By Type (Valve, Force, Torque and Others)
• By Test Stands (Manual and Motorized)
Regional Analysis/Coverage North America (US, Canada), Europe (Germany, UK, France, Italy, Spain, Russia, Poland, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN Countries, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Mexico, Colombia, Rest of Latin America).
Company Profiles Keysight Technologies, Inc., National Instruments Corporation, ATEQ Corporation, Teradyne, Inc., Chroma ATE Inc., Com-Ten Industries, EFCO Maschinenbau GmbH, ABL Automazione S.r.l., AMETEK, Inc., ANDILOG Technologies, Blum-Novotest GmbH, Bosch Rexroth AG, Moog Inc., Rohde & Schwarz, Kistler Group, MTS Systems, PCE Instruments Americas, Inc., dSPACE GmbH, Siemens Digital Industries Software, AVL List GmbH

Table Of Contents

1. Introduction

1.1 Market Definition & Scope

 1.2 Research Assumptions & Abbreviations

 1.3 Research Methodology

2. Executive Summary

2.1 Market Snapshot

 2.2 Market Absolute $ Opportunity Assessment & Y-o-Y Analysis, 2022–2033

 2.3 Market Size & Forecast, By Segmentation, 2022–2033

  2.3.1 Market Size By Component

  2.3.2 Market Size By Application

  2.3.3 Market Size By Type

  2.3.4 Market Size By Test Stands

 2.4 Market Share & Bps Analysis By Region, 2025

 2.5 Industry Growth Scenarios – Conservative, Likely & Optimistic

 2.6 Industry CxO’s Perspective

3. Market Overview

3.1 Market Dynamics

  3.1.1 Drivers

  3.1.2 Restraints

  3.1.3 Opportunities

  3.1.4 Key Market Trends

 3.2 Industry PESTLE Analysis

 3.3 Key Industry Forces (Porter’s) Impacting Market Growth

 3.4 Industry Supply Chain Analysis

  3.4.1 Raw Material Suppliers

  3.4.2 Manufacturers

  3.4.3 Distributors/Suppliers

  3.4.4 Customers/End-Users

 3.5 Industry Life Cycle Assessment

 3.6 Parent Market Overview

 3.7 Market Risk Assessment

4. Statistical Insights & Trends Reporting

4.1 Technology Penetration & Digital Trends

4.1.1 Penetration rate (%) of IoT-enabled test benches globally

4.1.2 Adoption rate (%) of automated/motorized test benches vs. manual test benches

4.1.3 Integration of digital twin & Industry 4.0 technologies in test benches (%)

4.2 Production & Installed Base Statistics

4.2.1 Annual global production volume of test benches (units per year)

4.2.2 Installed base of test benches across industries worldwide (cumulative units)

4.2.3 Average lifecycle (years) of test benches in industrial applications

4.3 Import–Export & Trade Analysis

4.3.1 Leading exporting regions/countries for test benches (share %)

4.3.2 Leading importing regions/countries for test benches (share %)

4.3.3 Trade balance trends for test benches (export vs. import values, $ Mn)

4.4 R&D & Innovation Investments

4.4.1 R&D investment share (%) of top 10 companies in test benches market

4.4.2 Annual growth in R&D expenditure for advanced test benches (%)

4.4.3 Patent filings related to automation, IoT, and smart test benches (per year)

5. Aromatic Solvents Market Segmental Analysis & Forecast, By Component, 2022 – 2033, Value (USD Billion)

5.1 Introduction

 5.2 Hardware

  5.2.1 Key Trends

  5.2.2 Market Size & Forecast, 2022 – 2033

 5.3 Software

6. Aromatic Solvents Market Segmental Analysis & Forecast, By Application, 2022 – 2033, Value (USD Billion)

    6.1 Introduction

 6.2 Semiconductor & Electronics

  6.2.1 Key Trends

  6.2.2 Market Size & Forecast, 2022 – 2033

 6.3 Industrial Manufacturing & Engineering

 6.4 Automotive & Transportation

 6.5 Power Generation & Utilities

 6.6 Oil & Gas

 6.7 Others

7. Aromatic Solvents Market Segmental Analysis & Forecast, By Type, 2022 – 2033, Value (USD Billion)

    7.1 Introduction

 7.2 Valve

  7.2.1 Key Trends

  7.2.2 Market Size & Forecast, 2022 – 2033

 7.3 Force

 7.4 Torque

 7.5 Others

8. Aromatic Solvents Market Segmental Analysis & Forecast, By Test Stands, 2022 – 2033, Value (USD Billion)

    8.1 Introduction

 8.2 Manual

  8.2.1 Key Trends

  8.2.2 Market Size & Forecast, 2022 – 2033

 8.3 Motorized

9. Aromatic Solvents Market Segmental Analysis & Forecast By Region, 2022 – 2033, Value (USD Billion)

9.1 Introduction

9.2 North America

 9.2.1 Key Trends

 9.2.2 Aromatic Solvents Market Size & Forecast, By Product, 2022 – 2033

 9.2.3 Aromatic Solvents Market Size & Forecast, By Application, 2022 – 2033

 9.2.4 Aromatic Solvents Market Size & Forecast, By Type, 2022 – 2033

 9.2.5 Aromatic Solvents Market Size & Forecast, By Vertical, 2022 – 2033

 9.2.6 Aromatic Solvents Market Size & Forecast, By Country, 2022 – 2033

  9.2.6.1 USA

  9.2.6.2 Canada

9.3 Europe

 9.3.1 Key Trends

 9.3.2 Aromatic Solvents Market Size & Forecast, By Product, 2022 – 2033

 9.3.3 Aromatic Solvents Market Size & Forecast, By Application, 2022 – 2033

 9.3.4 Aromatic Solvents Market Size & Forecast, By Type, 2022 – 2033

 9.3.5 Aromatic Solvents Market Size & Forecast, By Vertical, 2022 – 2033

 9.3.6 Aromatic Solvents Market Size & Forecast, By Country, 2022 – 2033

  9.3.6.1 Germany

  9.3.6.2 UK

  9.3.6.3 France

  9.3.6.4 Italy

  9.3.6.5 Spain

  9.3.6.6 Russia

  9.3.6.7 Poland

  9.3.6.8 Rest of Europe

9.4 Asia-Pacific

 9.4.1 Key Trends

 9.4.2 Aromatic Solvents Market Size & Forecast, By Product, 2022 – 2033

 9.4.3 Aromatic Solvents Market Size & Forecast, By Application, 2022 – 2033

 9.4.4 Aromatic Solvents Market Size & Forecast, By Type, 2022 – 2033

 9.4.5 Aromatic Solvents Market Size & Forecast, By Vertical, 2022 – 2033

 9.4.6 Aromatic Solvents Market Size & Forecast, By Country, 2022 – 2033

  9.4.6.1 China

  9.4.6.2 India

  9.4.6.3 Japan

  9.4.6.4 South Korea

  9.4.6.5 Australia

  9.4.6.6 ASEAN Countries

  9.4.6.7 Rest of Asia-Pacific

9.5 Latin America

 9.5.1 Key Trends

 9.5.2 Aromatic Solvents Market Size & Forecast, By Product, 2022 – 2033

 9.5.3 Aromatic Solvents Market Size & Forecast, By Application, 2022 – 2033

 9.5.4 Aromatic Solvents Market Size & Forecast, By Type, 2022 – 2033

 9.5.5 Aromatic Solvents Market Size & Forecast, By Vertical, 2022 – 2033

 9.5.6 Aromatic Solvents Market Size & Forecast, By Country, 2022 – 2033

  9.5.6.1 Brazil

  9.5.6.2 Argentina

  9.5.6.3 Mexico

  9.5.6.4 Colombia

  9.5.6.5 Rest of Latin America

9.6 Middle East & Africa

 9.6.1 Key Trends

 9.6.2 Aromatic Solvents Market Size & Forecast, By Product, 2022 – 2033

 9.6.3 Aromatic Solvents Market Size & Forecast, By Application, 2022 – 2033

 9.6.4 Aromatic Solvents Market Size & Forecast, By Type, 2022 – 2033

 9.6.5 Aromatic Solvents Market Size & Forecast, By Vertical, 2022 – 2033

 9.6.6 Aromatic Solvents Market Size & Forecast, By Country, 2022 – 2033

  9.6.6.1 UAE

  9.6.6.2 Saudi Arabia

  9.6.6.3 Qatar

  9.6.6.4 Egypt

  9.6.6.5 South Africa

  9.6.6.6 Rest of Middle East & Africa

10. Competitive Landscape

 10.1 Key Players' Positioning

 10.2 Competitive Developments

  10.2.1 Key Strategies Adopted (%), By Key Players, 2025

  10.2.2 Year-Wise Strategies & Development, 2022 – 2033

  10.2.3 Number Of Strategies Adopted By Key Players, 2025

 10.3 Market Share Analysis, 2025

 10.4 Product/Service & Application Benchmarking

  10.4.1 Product/Service Specifications & Features By Key Players

  10.4.2 Product/Service Heatmap By Key Players

  10.4.3 Application Heatmap By Key Players

 10.5 Industry Start-Up & Innovation Landscape

10.6 Key Company Profiles

10.6.1 Keysight Technologies, Inc.

  10.6.1.1 Company Overview & Snapshot

  10.6.1.2 Product/Service Portfolio

  10.6.1.3 Key Company Financials

  10.6.1.4 SWOT Analysis

10.6.2 National Instruments Corporation

10.6.3 ATEQ Corporation

10.6.4 Teradyne, Inc.

10.6.5 Chroma ATE Inc.

10.6.6 Com-Ten Industries

10.6.7 EFCO Maschinenbau GmbH

10.6.8 ABL Automazione S.r.l.

10.6.9 AMETEK, Inc.

10.6.10 ANDILOG Technologies

10.6.11 Blum-Novotest GmbH

10.6.12 Bosch Rexroth AG

10.6.13 Moog Inc.

10.6.14 Rohde & Schwarz

10.6.15 Kistler Group

10.6.16 MTS Systems

10.6.17 PCE Instruments Americas, Inc.

10.6.18 dSPACE GmbH

10.6.19 Siemens Digital Industries Software

10.6.20 AVL List GmbH

11. Analyst Recommendations

 11.1 SNS Insider Opportunity Map

 11.2 Industry Low-Hanging Fruit Assessment

 11.3 Market Entry & Growth Strategy

 11.4 Analyst Viewpoint & Suggestions on Market Growth

12. Assumptions

13. Disclaimer

14. Appendix

 14.1 List Of Tables

 14.2 List Of Figures

Key Segmentation

By Component

  • Hardware

  • Software

By Application

  • Semiconductor & Electronics

  • Industrial Manufacturing & Engineering

  • Automotive & Transportation

  • Power Generation & Utilities

  • Oil & Gas

  • Others

By Type

  • Valve

  • Force

  • Torque

  • Others

By Test Stands

  • Manual

  • Motorized

Request for Segment Customization as per your Business Requirement: Segment Customization Request

Regional Coverage: 

North America

  • US

  • Canada

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Russia

  • Poland

  • Rest of Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • ASEAN Countries

  • Rest of Asia Pacific

Middle East & Africa

  • UAE

  • Saudi Arabia

  • Qatar

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Mexico

  • Colombia

  • Rest of Latin America

Request for Country Level Research Report: Country Level Customization Request

Available Customization 

With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report: 

  • Detailed Volume Analysis 

  • Criss-Cross segment analysis (e.g. Product X Application) 

  • Competitive Product Benchmarking 

  • Geographic Analysis 

  • Additional countries in any of the regions 

  • Customized Data Representation 

  • Detailed analysis and profiling of additional market player

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.

Secondary Research

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.

Primary Research

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.

Data Bank Validation

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.