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Global Printed Circuit Board (PCB) Transformers Market Research Report 2024
Synopsis
The global Printed Circuit Board (PCB) Transformers market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Printed Circuit Board (PCB) Transformers is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Printed Circuit Board (PCB) Transformers is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Printed Circuit Board (PCB) Transformers include Standex Electronics, JOVE PCB, MFS Technology, Shenzhen Sunlord Electronics Co. Ltd., ECI, Pulse (Yageo Corporation), Himag Planar Magnetics, MPS Industries and PREMO, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Printed Circuit Board (PCB) Transformers, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Printed Circuit Board (PCB) Transformers.
Report Scope
The Printed Circuit Board (PCB) Transformers market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Printed Circuit Board (PCB) Transformers market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Printed Circuit Board (PCB) Transformers manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Standex Electronics
JOVE PCB
MFS Technology
Shenzhen Sunlord Electronics Co. Ltd.
ECI
Pulse (Yageo Corporation)
Himag Planar Magnetics
MPS Industries
PREMO
Coilcraft
Cramer Magnetics
Block
YCX
Pairui
Segment by Type
Surface Mounted
Through Hole Mounted
Segment by Application
Consumer Electronics
Industrial Electronics
Others
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Netherlands
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Printed Circuit Board (PCB) Transformers manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Printed Circuit Board (PCB) Transformers by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Printed Circuit Board (PCB) Transformers in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
The global Printed Circuit Board (PCB) Transformers market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Printed Circuit Board (PCB) Transformers is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Printed Circuit Board (PCB) Transformers is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Printed Circuit Board (PCB) Transformers include Standex Electronics, JOVE PCB, MFS Technology, Shenzhen Sunlord Electronics Co. Ltd., ECI, Pulse (Yageo Corporation), Himag Planar Magnetics, MPS Industries and PREMO, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Printed Circuit Board (PCB) Transformers, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Printed Circuit Board (PCB) Transformers.
Report Scope
The Printed Circuit Board (PCB) Transformers market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Printed Circuit Board (PCB) Transformers market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Printed Circuit Board (PCB) Transformers manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Standex Electronics
JOVE PCB
MFS Technology
Shenzhen Sunlord Electronics Co. Ltd.
ECI
Pulse (Yageo Corporation)
Himag Planar Magnetics
MPS Industries
PREMO
Coilcraft
Cramer Magnetics
Block
YCX
Pairui
Segment by Type
Surface Mounted
Through Hole Mounted
Segment by Application
Consumer Electronics
Industrial Electronics
Others
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Netherlands
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Printed Circuit Board (PCB) Transformers manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Printed Circuit Board (PCB) Transformers by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Printed Circuit Board (PCB) Transformers in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Printed Circuit Board (PCB) Transformers Market Overview
1.1 Product Definition
1.2 Printed Circuit Board (PCB) Transformers Segment by Type
1.2.1 Global Printed Circuit Board (PCB) Transformers Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Surface Mounted
1.2.3 Through Hole Mounted
1.3 Printed Circuit Board (PCB) Transformers Segment by Application
1.3.1 Global Printed Circuit Board (PCB) Transformers Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Consumer Electronics
1.3.3 Industrial Electronics
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Printed Circuit Board (PCB) Transformers Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Printed Circuit Board (PCB) Transformers Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Printed Circuit Board (PCB) Transformers Production Estimates and Forecasts (2019-2030)
1.4.4 Global Printed Circuit Board (PCB) Transformers Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Printed Circuit Board (PCB) Transformers Production Market Share by Manufacturers (2019-2024)
2.2 Global Printed Circuit Board (PCB) Transformers Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Printed Circuit Board (PCB) Transformers, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Printed Circuit Board (PCB) Transformers Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Printed Circuit Board (PCB) Transformers Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Printed Circuit Board (PCB) Transformers, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Printed Circuit Board (PCB) Transformers, Product Offered and Application
2.8 Global Key Manufacturers of Printed Circuit Board (PCB) Transformers, Date of Enter into This Industry
2.9 Printed Circuit Board (PCB) Transformers Market Competitive Situation and Trends
2.9.1 Printed Circuit Board (PCB) Transformers Market Concentration Rate
2.9.2 Global 5 and 10 Largest Printed Circuit Board (PCB) Transformers Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Printed Circuit Board (PCB) Transformers Production by Region
3.1 Global Printed Circuit Board (PCB) Transformers Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Printed Circuit Board (PCB) Transformers Production Value by Region (2019-2030)
3.2.1 Global Printed Circuit Board (PCB) Transformers Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Printed Circuit Board (PCB) Transformers by Region (2025-2030)
3.3 Global Printed Circuit Board (PCB) Transformers Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Printed Circuit Board (PCB) Transformers Production by Region (2019-2030)
3.4.1 Global Printed Circuit Board (PCB) Transformers Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Printed Circuit Board (PCB) Transformers by Region (2025-2030)
3.5 Global Printed Circuit Board (PCB) Transformers Market Price Analysis by Region (2019-2024)
3.6 Global Printed Circuit Board (PCB) Transformers Production and Value, Year-over-Year Growth
3.6.1 North America Printed Circuit Board (PCB) Transformers Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Printed Circuit Board (PCB) Transformers Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Printed Circuit Board (PCB) Transformers Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Printed Circuit Board (PCB) Transformers Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Printed Circuit Board (PCB) Transformers Production Value Estimates and Forecasts (2019-2030)
4 Printed Circuit Board (PCB) Transformers Consumption by Region
4.1 Global Printed Circuit Board (PCB) Transformers Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Printed Circuit Board (PCB) Transformers Consumption by Region (2019-2030)
4.2.1 Global Printed Circuit Board (PCB) Transformers Consumption by Region (2019-2024)
4.2.2 Global Printed Circuit Board (PCB) Transformers Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Printed Circuit Board (PCB) Transformers Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Printed Circuit Board (PCB) Transformers Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Printed Circuit Board (PCB) Transformers Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Printed Circuit Board (PCB) Transformers Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Printed Circuit Board (PCB) Transformers Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Printed Circuit Board (PCB) Transformers Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Printed Circuit Board (PCB) Transformers Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Printed Circuit Board (PCB) Transformers Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Printed Circuit Board (PCB) Transformers Production by Type (2019-2030)
5.1.1 Global Printed Circuit Board (PCB) Transformers Production by Type (2019-2024)
5.1.2 Global Printed Circuit Board (PCB) Transformers Production by Type (2025-2030)
5.1.3 Global Printed Circuit Board (PCB) Transformers Production Market Share by Type (2019-2030)
5.2 Global Printed Circuit Board (PCB) Transformers Production Value by Type (2019-2030)
5.2.1 Global Printed Circuit Board (PCB) Transformers Production Value by Type (2019-2024)
5.2.2 Global Printed Circuit Board (PCB) Transformers Production Value by Type (2025-2030)
5.2.3 Global Printed Circuit Board (PCB) Transformers Production Value Market Share by Type (2019-2030)
5.3 Global Printed Circuit Board (PCB) Transformers Price by Type (2019-2030)
6 Segment by Application
6.1 Global Printed Circuit Board (PCB) Transformers Production by Application (2019-2030)
6.1.1 Global Printed Circuit Board (PCB) Transformers Production by Application (2019-2024)
6.1.2 Global Printed Circuit Board (PCB) Transformers Production by Application (2025-2030)
6.1.3 Global Printed Circuit Board (PCB) Transformers Production Market Share by Application (2019-2030)
6.2 Global Printed Circuit Board (PCB) Transformers Production Value by Application (2019-2030)
6.2.1 Global Printed Circuit Board (PCB) Transformers Production Value by Application (2019-2024)
6.2.2 Global Printed Circuit Board (PCB) Transformers Production Value by Application (2025-2030)
6.2.3 Global Printed Circuit Board (PCB) Transformers Production Value Market Share by Application (2019-2030)
6.3 Global Printed Circuit Board (PCB) Transformers Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Standex Electronics
7.1.1 Standex Electronics Printed Circuit Board (PCB) Transformers Corporation Information
7.1.2 Standex Electronics Printed Circuit Board (PCB) Transformers Product Portfolio
7.1.3 Standex Electronics Printed Circuit Board (PCB) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Standex Electronics Main Business and Markets Served
7.1.5 Standex Electronics Recent Developments/Updates
7.2 JOVE PCB
7.2.1 JOVE PCB Printed Circuit Board (PCB) Transformers Corporation Information
7.2.2 JOVE PCB Printed Circuit Board (PCB) Transformers Product Portfolio
7.2.3 JOVE PCB Printed Circuit Board (PCB) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.2.4 JOVE PCB Main Business and Markets Served
7.2.5 JOVE PCB Recent Developments/Updates
7.3 MFS Technology
7.3.1 MFS Technology Printed Circuit Board (PCB) Transformers Corporation Information
7.3.2 MFS Technology Printed Circuit Board (PCB) Transformers Product Portfolio
7.3.3 MFS Technology Printed Circuit Board (PCB) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.3.4 MFS Technology Main Business and Markets Served
7.3.5 MFS Technology Recent Developments/Updates
7.4 Shenzhen Sunlord Electronics Co. Ltd.
7.4.1 Shenzhen Sunlord Electronics Co. Ltd. Printed Circuit Board (PCB) Transformers Corporation Information
7.4.2 Shenzhen Sunlord Electronics Co. Ltd. Printed Circuit Board (PCB) Transformers Product Portfolio
7.4.3 Shenzhen Sunlord Electronics Co. Ltd. Printed Circuit Board (PCB) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Shenzhen Sunlord Electronics Co. Ltd. Main Business and Markets Served
7.4.5 Shenzhen Sunlord Electronics Co. Ltd. Recent Developments/Updates
7.5 ECI
7.5.1 ECI Printed Circuit Board (PCB) Transformers Corporation Information
7.5.2 ECI Printed Circuit Board (PCB) Transformers Product Portfolio
7.5.3 ECI Printed Circuit Board (PCB) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.5.4 ECI Main Business and Markets Served
7.5.5 ECI Recent Developments/Updates
7.6 Pulse (Yageo Corporation)
7.6.1 Pulse (Yageo Corporation) Printed Circuit Board (PCB) Transformers Corporation Information
7.6.2 Pulse (Yageo Corporation) Printed Circuit Board (PCB) Transformers Product Portfolio
7.6.3 Pulse (Yageo Corporation) Printed Circuit Board (PCB) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Pulse (Yageo Corporation) Main Business and Markets Served
7.6.5 Pulse (Yageo Corporation) Recent Developments/Updates
7.7 Himag Planar Magnetics
7.7.1 Himag Planar Magnetics Printed Circuit Board (PCB) Transformers Corporation Information
7.7.2 Himag Planar Magnetics Printed Circuit Board (PCB) Transformers Product Portfolio
7.7.3 Himag Planar Magnetics Printed Circuit Board (PCB) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Himag Planar Magnetics Main Business and Markets Served
7.7.5 Himag Planar Magnetics Recent Developments/Updates
7.8 MPS Industries
7.8.1 MPS Industries Printed Circuit Board (PCB) Transformers Corporation Information
7.8.2 MPS Industries Printed Circuit Board (PCB) Transformers Product Portfolio
7.8.3 MPS Industries Printed Circuit Board (PCB) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.8.4 MPS Industries Main Business and Markets Served
7.7.5 MPS Industries Recent Developments/Updates
7.9 PREMO
7.9.1 PREMO Printed Circuit Board (PCB) Transformers Corporation Information
7.9.2 PREMO Printed Circuit Board (PCB) Transformers Product Portfolio
7.9.3 PREMO Printed Circuit Board (PCB) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.9.4 PREMO Main Business and Markets Served
7.9.5 PREMO Recent Developments/Updates
7.10 Coilcraft
7.10.1 Coilcraft Printed Circuit Board (PCB) Transformers Corporation Information
7.10.2 Coilcraft Printed Circuit Board (PCB) Transformers Product Portfolio
7.10.3 Coilcraft Printed Circuit Board (PCB) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Coilcraft Main Business and Markets Served
7.10.5 Coilcraft Recent Developments/Updates
7.11 Cramer Magnetics
7.11.1 Cramer Magnetics Printed Circuit Board (PCB) Transformers Corporation Information
7.11.2 Cramer Magnetics Printed Circuit Board (PCB) Transformers Product Portfolio
7.11.3 Cramer Magnetics Printed Circuit Board (PCB) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Cramer Magnetics Main Business and Markets Served
7.11.5 Cramer Magnetics Recent Developments/Updates
7.12 Block
7.12.1 Block Printed Circuit Board (PCB) Transformers Corporation Information
7.12.2 Block Printed Circuit Board (PCB) Transformers Product Portfolio
7.12.3 Block Printed Circuit Board (PCB) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Block Main Business and Markets Served
7.12.5 Block Recent Developments/Updates
7.13 YCX
7.13.1 YCX Printed Circuit Board (PCB) Transformers Corporation Information
7.13.2 YCX Printed Circuit Board (PCB) Transformers Product Portfolio
7.13.3 YCX Printed Circuit Board (PCB) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.13.4 YCX Main Business and Markets Served
7.13.5 YCX Recent Developments/Updates
7.14 Pairui
7.14.1 Pairui Printed Circuit Board (PCB) Transformers Corporation Information
7.14.2 Pairui Printed Circuit Board (PCB) Transformers Product Portfolio
7.14.3 Pairui Printed Circuit Board (PCB) Transformers Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Pairui Main Business and Markets Served
7.14.5 Pairui Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Printed Circuit Board (PCB) Transformers Industry Chain Analysis
8.2 Printed Circuit Board (PCB) Transformers Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Printed Circuit Board (PCB) Transformers Production Mode & Process
8.4 Printed Circuit Board (PCB) Transformers Sales and Marketing
8.4.1 Printed Circuit Board (PCB) Transformers Sales Channels
8.4.2 Printed Circuit Board (PCB) Transformers Distributors
8.5 Printed Circuit Board (PCB) Transformers Customers
9 Printed Circuit Board (PCB) Transformers Market Dynamics
9.1 Printed Circuit Board (PCB) Transformers Industry Trends
9.2 Printed Circuit Board (PCB) Transformers Market Drivers
9.3 Printed Circuit Board (PCB) Transformers Market Challenges
9.4 Printed Circuit Board (PCB) Transformers Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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