The current market scenario depicts a higher market share of boundary scan hardware in the consumer electronics industry, which is expected to hold a market value of over US$ 380 Mn by the end of 2026.

Albany, NY -- (SBWire) -- 10/11/2018 --The expanding database of Market Research Reports Search Engine (MRRSE) has been recently updated by the addition of a new study which is titled as "Global Boundary Scan Hardware Market: Projections & Future Opportunities Recorded for the Period until 2026". The fact-based research report on the global Boundary Scan Hardware market covers various aspects such as trends, drivers, challenges and opportunities that have an influence on the growth and expansion of the global market. All these factors are analyzed across key regions of Latin America, North America, Europe, Middle and Africa (MEA) and the Asia Pacific. In order to provide an accurate forecast, analysts have presented the current market, which forms the basis of how the metal caps and closures market is expected to develop in the future.

Players in the industrial automation and equipment industry continue to face an environment that remains hyper-competitive. Evolution in end-user demand is influencing players in the industrial automation and equipment landscape to optimize their manufacturing process. Sluggishness in the oil & gas industry, muted growth in automotive sales, and stagnancy in the agriculture sector have posed challenges to players in the recent past.

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Continuous advances are witnessed in the progressive integration of information technology (IT) and operational technology (OT), along with the evolution of business systems for handling real-time transaction processing. Building blocks are being offered by innovators, designed specifically for accomplishing the aim of 'connected enterprise'. New intelligent nodes, operating at the network edge for improving efficiency and performance of manufacturing processes, are offered by rapid propagation of technologies & concepts associated with Internet of Things (IoT).

MRRSE utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any.  In addition, we leverage on our existing pool of information, paid database and other valid information sources available in the public domain. Usually, industry interactions extend to more than 50+ interviews from market participants across the value chain.

MRRSE collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage overpaid database subscriptions and industry magazines to collect market information and developments in an exhaustive manner. After being done with desk research, a detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competitive developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

In this phase, MRRSE validates the data using macro and microeconomic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.

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Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.

Market Taxonomy

By Industry

Medical

IT & Telecom

Consumer Electronics

Automotive Electronics

Defense

Others

By Region

North America

Latin America

Europe

China

Japan

SEA & Other APAC

Middle East & Africa

Specific Report Inputs

The report has specifically focused on manufacturers of boundary scan hardware and their offerings. It is based on the analysis of key regions that are ruling the electronic and IT & telecom industry, which marks a major part of the demand for boundary scan hardware. There is also an examination of new products that are projected to be coming up soon in the market. The demand for such products has a direct impact on the boundary scan hardware market, which is used for the testing of these products. The market study also scopes some recommendations for market stockholders. In brief, these recommendations encourage consultation between boundary scan hardware solution providers, for which technological advancements should be an agenda

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