Client's Goal:
Our client Panasonic Corporation is a worldwide leader in the development of diverse electronics technologies and solutions for customers in the consumer electronics, housing, automotive, and B2B businesses. Our team provided the insights that supported building a substantive business expansion throughout the world. We offered in-depth intelligence into the interconnected ecosystems of our client’s clients and their clients. Furthermore, our team provided the data or current novel market technologies in the MEMs industry for the client to meet their requirements. In addition, some of the major problems and requirements were solved during the engagement such as understanding the emerging technologies in the market, introduction, and market research analysis for the MEMs, regional and segment insights for the prioritization, and strategic decision making regarding the business growth.
Our Approach:
We provided an outside-in perspective on the interconnected ecosystem of the client through our market research platform. In addition, our analysts supported the client to discover the lucrative opportunities in autonomous vehicles and ADAS-equipped automobiles to increase the growth of solid-state Li-DAR systems at a rapid rate, owing to the easy integration of solid-state Li-DAR in automobiles. We also supported them with a significant understanding of the competitive rivalry, strategies of the major key players to obtain more market share. Our analyst estimated that the market is probably to be worth nearly USD 22 million in 2020 and projected to grow at the CAGR of 5.80% during the forecast period 2021-2027 and also identified the major and fastest-growing segments. Our client services team was able to support the client in discovering the proper partner for the penetration of its products in the developed regions market.
Conclusion:
Understanding the trends such as MEMs for the light scanning and projection applications, MEMs Mirrors helps to assist in LiDAR, potential growth of solid-state lidars offers an opportunity to players in the supply chain of MEMS mirror manufacturers, including raw material suppliers and lidar developers, were also provided for the devising revenue assessment plan, owing to the lack of the technical awareness among the end-users scarcity of the standardization and accuracy. Moreover, the client services team establishes a customized strategy with a quick turnaround time for the client to drain into the latest regional markets.
