Key Highlights:
Problem Statement:
The client is one of the leading manufacturers of a variety of sensors in the global market. It focuses on the manufacturing and distribution of electronic products for industrial purposes to maximize the sale of sensor-driven products at affordable prices in more than 75 countries. The company was interested in expanding its product portfolio in a wide range of industry verticals in other countries. For increasing its presence, the client needed to formulate its business strategy for the introduction of sensor-integrated products in the global market.
In November 2019, Meticulous Research’s consultants received a study scope from the client. As per the study scope, the client was majorly interested in knowing the market dynamics, adoption of sensors across distinct industries, and geographical market analysis. Moreover, the client wanted thorough qualitative and quantitative information on the increasing penetration of smartphones over the years and a country-wise adoption of smartphones and electronic media devices. In order to gain clarity of the market dynamics, the client had asked Meticulous Research to provide a recently published (2018 - 2020) study on the global sensors market.