Research Methodology – Factory Automation and Industrial Controls Market
At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Factory Automation and Industrial Controls Market comprises the following key stages:
Market Indicator & Macro-Factor Analysis
Our baseline thesis for the Factory Automation and Industrial Controls Market is developed by integrating key market indicators and macroeconomic variables. These include:
Factors considered while calculating market size and share:
- Number of key players operating in the market
- Volume of products/services sold
- Pricing trends for products/services
- Geographical market coverage
- Changes in production or sales volume due to technological advancements
- Budget allocation for factory automation and industrial controls in different industries
- Government regulations or policy changes impacting the market
- Emerging market economies
Key Market Indicators:
- GDP of the countries implementing automation
- R&D spending in automation technologies
- Industrial production index
- The penetration rate of industrial automation systems
- Level of industrialisation in various regions
- Manufacturing output and trends
- Rate of employment in automated industries
- Investment in IoT and other advanced technologies
Growth Trends:
- Increasing adoption of Industrial Internet of Things (IIoT)
- Advancements in machine learning and artificial intelligence technologies
- Growth in smart factories and Industry 4.0
- Increase in demand for mass production and associated quality control
- Shift towards digitalizing industrial network
- Rising awareness about the benefits of automation such as cost reduction, productivity enhancement, and efficiency improvement
- Growth in manufacturing industries in emerging economies
Secondary Research
Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Factory Automation and Industrial Controls Market. Key inputs include:
- Annual reports, investor presentations, SEC filings
- Company press releases and product launch announcements
- Public executive interviews and earnings calls
- Strategy briefings and M&A updates
- Country-level industry associations and trade bodies
- Government dossiers, policy frameworks, and official releases
- Whitepapers, working papers, and public R&D initiatives
- Relevant Associations for the Factory Automation and Industrial Controls Market
- Broker reports and financial analyst coverage
- Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
- Import/export trade data and tariff databases
- Sector-specific journals, magazines, and news portals
- Global macroeconomic indicators and their cascading effect on the industry
- Demand–supply outlook and value chain analysis
- Consumer behaviour, adoption rates, and commercialization trends
Primary Research
To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:
- Key Opinion Leader (KOL) Engagements
- Structured interviews with executives, product managers, and domain experts
- Paid and barter-based interviews across manufacturers, distributors, and end-users
- Discussions with stakeholders to validate demand-supply gaps
- Group discussions on emerging technologies, regulatory shifts, and adoption barriers
- Cross-verification of market sizing and forecasts with industry insiders
- Capturing business perspectives on growth opportunities and restraints
Data Triangulation & Forecasting
The final step of our research involves data triangulation ensuring accuracy through cross-verification of:
- Demand-side analysis (consumption patterns, adoption trends, customer spending)
- Supply-side analysis (production, capacity, distribution, and market availability)
- Macroeconomic & microeconomic impact factors
- Time-series analysis
- Regression and correlation studies
- Baseline modeling
- Expert validation at each stage
Outcome
The outcome is a comprehensive and validated market model that captures:
- Market sizing (historical, current, forecast)
- Growth drivers and restraints
- Opportunity mapping and investment hotspots
- Competitive positioning and strategic insights
Available for purchase with detailed segment data, forecasts, and regional insights.
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