The study involved major activities in estimating the current market size for the material informatics market. Exhaustive secondary research was done to collect information on the industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Different approaches, such as top-down and bottom-up, were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the material informatics market.
Secondary Research
The market for the companies offering material informatics software is arrived at by secondary data available through paid and unpaid sources, analyzing the product portfolios of the major companies in the ecosystem, and rating the companies by their performance and quality. Various sources were referred to in the secondary research process to identify and collect information for this study. The secondary sources include annual reports, press releases, investor presentations of companies, white papers, journals, certified publications, and articles from recognized authors, directories, and databases. In the secondary research process, various secondary sources were referred to for identifying and collecting information related to the study. Secondary sources included annual reports, press releases, and investor presentations of vendors, forums, certified publications, and whitepapers. The secondary research was used to obtain critical information on the industry's value chain, the total pool of key players, market classification, and segmentation from the market and technology-oriented perspectives.
Primary Research
Extensive primary research has been conducted after understanding and analyzing the current scenario of the material informatics market through secondary research. Several primary interviews have been conducted with the key opinion leaders from the demand and supply sides across four main regions—North America, Europe, Asia Pacific, and the Rest of World. Approximately 30% of the primary interviews were conducted with the demand-side respondents, while approximately 70% were conducted with the supply-side respondents. The primary data has been collected through questionnaires, emails, and telephone interviews.
After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:
Note: “Others” includes sales, marketing, and product managers
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Market Size Estimation
Both top-down and bottom-up approaches wete used to estimate and validate the total size of the material informatics market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
Material Informatics Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from the demand and supply sides.
Market Definition
Material informatics is a branch of study that applies the fundamentals of informatics to materials science and engineering to enhance the understanding, use, selection, development, and discovery of various materials. This field has gained traction in recent years due to integrating various information technologies, such as artificial intelligence, simulations, cloud computing, security, big data analytics, and machine learning, into materials science and engineering. It is a software platform with the help of which it has become possible for researchers, academicians, and material experts to understand a spectrum of material properties, combinatorial chemistry, process modeling, materials property databases, materials data management, and product life cycle management.
Key Stakeholders
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Materials science and engineering-related associations, forums, and alliances
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Software vendors and technology providers
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Automotive, chemicals, aerospace, semiconductor & electronics,
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food science, materials science, and other end-use industries
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IT services providers
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Cloud service providers
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Original technology designers and suppliers
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Research institutes and organizations
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Materials science industry-related standard organizations and regulatory authorities
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Materials research and consulting firms
Report Objectives
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To define, describe, and forecast the global material informatics market, by material type, industry, and region, in terms of value
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To describe and forecast the market for several countries in four main regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW), in terms of value
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To provide detailed information regarding drivers, restraints, opportunities, and challenges that influence the market growth
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To describe prominent techniques involved in material informatics
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To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
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To study the complete value chain of the material informatics ecosystem, along with market trends and use cases
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To study and analyze technology trends, average subscription pricing, regulatory landscape, trends/disruptions impacting customer business, and key criteria for buying material informatics platforms
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To analyze opportunities for stakeholders by identifying high-growth segments of the global material informatics market
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To strategically profile key players and comprehensively analyze their core competencies2 along with detailing the competitive landscape for market leaders
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To analyze competitive developments, such as product launches, acquisitions, partnerships, and expansions, in the global material informatics market
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To benchmark market players using the company evaluation matrix, which analyzes players based on various parameters with respect to business categories and product strategies
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
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Detailed analysis and profiling of additional market players based on various blocks of the supply chain
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