Aerospace & Defense mmWave Radars Market Insights and Growth by 2031
In today's society, technology is being used more frequently to solve problems and increase performance. These millimetres wave (mmWave) frequencies hold promise for fulfilling the most difficult needs in a variety of industries, including aviation and defence. Defense businesses have spent years researching 5G communication solutions for a variety of applications with similar needs. Solutions are moving to 28 GHz and 39 GHz in telecommunication lines, where the demand for increasing data rates continues to outstrip present methodologies.
MARKET SCOPE
The "Global Aerospace & Defense mmWave Radars Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aerospace & defense mmWave radars market with detailed market segmentation type, application and geography. The report provides key statistics on the market status of the leading aerospace & defense mmWave radars market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the type, the market is segmented into long-range radars (LRR) and short-range radars (SRR).
- Based on application, the market is segmented into military fire control radar, airport security scanners, short range wireless networks, military counter measures and others.
MARKET DYNAMICS
Drivers:
- Increasing Military Spending
- Increasing Development of Automotive Radar Enhances Advanced Driver Assistance Systems
Restraints:
- Challenges such as Vulnerability to External Interferences
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aerospace & defense mmWave radars market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the aerospace & defense mmWave radars market in these regions
IMPACT OF COVID-19 ON AEROSPACE CONDITION MONITORING MARKET
The aerospace industry was at its peak until 2021, with unceasing demand and unfulfilled orders. Millimeter wave technology penetration in the aerospace industry will develop, owing to the rapid construction of supporting 5G infrastructure in key countries since the pandemic. For instance, the Federal Communications Commission (FCC) voted in November 2021 to reallocate a portion of the 5.9 GHz Safety Spectrum that had previously been set aside for Dedicated Short Range Communications (DSRC). The development of cellular vehicle-to-everything (C-V2X) systems will be accelerated as a result of this. 5G will provide significantly lower latency, faster speeds, and increased capacity. In terms of C-V2X applications, this will result in increased safety features as well as a bigger number of cars interacting simultaneously without service interruptions. Hence, COVID-19 had a minimal impact on the market.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aerospace & defense mmWave radars market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the aerospace & defense mmWave radars market in these regions
IMPACT OF COVID-19 ON AEROSPACE CONDITION MONITORING MARKET
The aerospace industry was at its peak until 2021, with unceasing demand and unfulfilled orders. Millimeter wave technology penetration in the aerospace industry will develop, owing to the rapid construction of supporting 5G infrastructure in key countries since the pandemic. For instance, the Federal Communications Commission (FCC) voted in November 2021 to reallocate a portion of the 5.9 GHz Safety Spectrum that had previously been set aside for Dedicated Short Range Communications (DSRC). The development of cellular vehicle-to-everything (C-V2X) systems will be accelerated as a result of this. 5G will provide significantly lower latency, faster speeds, and increased capacity. In terms of C-V2X applications, this will result in increased safety features as well as a bigger number of cars interacting simultaneously without service interruptions. Hence, COVID-19 had a minimal impact on the market.
MARKET PLAYERS
The report covers key developments in the aerospace & defense mmWave radars market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aerospace & defense mmWave radars market are anticipated to lucrative growth opportunities in the future with the rising demand for aerospace & defense mmWave radars in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aerospace & defense mmWave radars market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Analog Devices, Inc.
- Mistral Solutions Pvt. Ltd.
- Texas Instruments
- Keysight Technologies- Virginia Diodes Inc.
- Honeywell International
- Millimeter Wave Products Inc.
- Filtronic plc
- Arralis
- Virginia Diodes
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Aerospace & Defense MmWave Radars Market - By Type
1.3.2 Aerospace & Defense MmWave Radars Market - By Application
1.3.3 Aerospace & Defense MmWave Radars Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AEROSPACE & DEFENSE MMWAVE RADARS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AEROSPACE & DEFENSE MMWAVE RADARS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AEROSPACE & DEFENSE MMWAVE RADARS MARKET - GLOBAL MARKET ANALYSIS
6.1. AEROSPACE & DEFENSE MMWAVE RADARS - GLOBAL MARKET OVERVIEW
6.2. AEROSPACE & DEFENSE MMWAVE RADARS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. AEROSPACE & DEFENSE MMWAVE RADARS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. LONG-RANGE RADARS (LRR)
7.3.1. Overview
7.3.2. Long-Range Radars (LRR) Market Forecast and Analysis
7.4. SHORT-RANGE RADARS (SRR)
7.4.1. Overview
7.4.2. Short-Range Radars (SRR) Market Forecast and Analysis
8. AEROSPACE & DEFENSE MMWAVE RADARS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. MILITARY FIRE CONTROL RADAR
8.3.1. Overview
8.3.2. Military Fire Control Radar Market Forecast and Analysis
8.4. AIRPORT SECURITY SCANNERS
8.4.1. Overview
8.4.2. Airport Security Scanners Market Forecast and Analysis
8.5. SHORT RANGE WIRELESS NETWORKS
8.5.1. Overview
8.5.2. Short Range Wireless Networks Market Forecast and Analysis
8.6. MILITARY COUNTERMEASURES
8.6.1. Overview
8.6.2. Military Countermeasures Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. AEROSPACE & DEFENSE MMWAVE RADARS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Aerospace & Defense MmWave Radars Market Overview
9.1.2 North America Aerospace & Defense MmWave Radars Market Forecasts and Analysis
9.1.3 North America Aerospace & Defense MmWave Radars Market Forecasts and Analysis - By Type
9.1.4 North America Aerospace & Defense MmWave Radars Market Forecasts and Analysis - By Application
9.1.5 North America Aerospace & Defense MmWave Radars Market Forecasts and Analysis - By Countries
9.1.5.1 United States Aerospace & Defense MmWave Radars Market
9.1.5.1.1 United States Aerospace & Defense MmWave Radars Market by Type
9.1.5.1.2 United States Aerospace & Defense MmWave Radars Market by Application
9.1.5.2 Canada Aerospace & Defense MmWave Radars Market
9.1.5.2.1 Canada Aerospace & Defense MmWave Radars Market by Type
9.1.5.2.2 Canada Aerospace & Defense MmWave Radars Market by Application
9.1.5.3 Mexico Aerospace & Defense MmWave Radars Market
9.1.5.3.1 Mexico Aerospace & Defense MmWave Radars Market by Type
9.1.5.3.2 Mexico Aerospace & Defense MmWave Radars Market by Application
9.2. EUROPE
9.2.1 Europe Aerospace & Defense MmWave Radars Market Overview
9.2.2 Europe Aerospace & Defense MmWave Radars Market Forecasts and Analysis
9.2.3 Europe Aerospace & Defense MmWave Radars Market Forecasts and Analysis - By Type
9.2.4 Europe Aerospace & Defense MmWave Radars Market Forecasts and Analysis - By Application
9.2.5 Europe Aerospace & Defense MmWave Radars Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Aerospace & Defense MmWave Radars Market
9.2.5.1.1 Germany Aerospace & Defense MmWave Radars Market by Type
9.2.5.1.2 Germany Aerospace & Defense MmWave Radars Market by Application
9.2.5.2 France Aerospace & Defense MmWave Radars Market
9.2.5.2.1 France Aerospace & Defense MmWave Radars Market by Type
9.2.5.2.2 France Aerospace & Defense MmWave Radars Market by Application
9.2.5.3 Spain Aerospace & Defense MmWave Radars Market
9.2.5.3.1 Spain Aerospace & Defense MmWave Radars Market by Type
9.2.5.3.2 Spain Aerospace & Defense MmWave Radars Market by Application
9.2.5.4 United Kingdom Aerospace & Defense MmWave Radars Market
9.2.5.4.1 United Kingdom Aerospace & Defense MmWave Radars Market by Type
9.2.5.4.2 United Kingdom Aerospace & Defense MmWave Radars Market by Application
9.2.5.5 Russia Aerospace & Defense MmWave Radars Market
9.2.5.5.1 Russia Aerospace & Defense MmWave Radars Market by Type
9.2.5.5.2 Russia Aerospace & Defense MmWave Radars Market by Application
9.2.5.6 Rest of Europe Aerospace & Defense MmWave Radars Market
9.2.5.6.1 Rest of Europe Aerospace & Defense MmWave Radars Market by Type
9.2.5.6.2 Rest of Europe Aerospace & Defense MmWave Radars Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Aerospace & Defense MmWave Radars Market Overview
9.3.2 Asia-Pacific Aerospace & Defense MmWave Radars Market Forecasts and Analysis
9.3.3 Asia-Pacific Aerospace & Defense MmWave Radars Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Aerospace & Defense MmWave Radars Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Aerospace & Defense MmWave Radars Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Aerospace & Defense MmWave Radars Market
9.3.5.1.1 Australia Aerospace & Defense MmWave Radars Market by Type
9.3.5.1.2 Australia Aerospace & Defense MmWave Radars Market by Application
9.3.5.2 China Aerospace & Defense MmWave Radars Market
9.3.5.2.1 China Aerospace & Defense MmWave Radars Market by Type
9.3.5.2.2 China Aerospace & Defense MmWave Radars Market by Application
9.3.5.3 India Aerospace & Defense MmWave Radars Market
9.3.5.3.1 India Aerospace & Defense MmWave Radars Market by Type
9.3.5.3.2 India Aerospace & Defense MmWave Radars Market by Application
9.3.5.4 Japan Aerospace & Defense MmWave Radars Market
9.3.5.4.1 Japan Aerospace & Defense MmWave Radars Market by Type
9.3.5.4.2 Japan Aerospace & Defense MmWave Radars Market by Application
9.3.5.5 South Korea Aerospace & Defense MmWave Radars Market
9.3.5.5.1 South Korea Aerospace & Defense MmWave Radars Market by Type
9.3.5.5.2 South Korea Aerospace & Defense MmWave Radars Market by Application
9.3.5.6 Rest of Asia-Pacific Aerospace & Defense MmWave Radars Market
9.3.5.6.1 Rest of Asia-Pacific Aerospace & Defense MmWave Radars Market by Type
9.3.5.6.2 Rest of Asia-Pacific Aerospace & Defense MmWave Radars Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Aerospace & Defense MmWave Radars Market Overview
9.4.2 Middle East and Africa Aerospace & Defense MmWave Radars Market Forecasts and Analysis
9.4.3 Middle East and Africa Aerospace & Defense MmWave Radars Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Aerospace & Defense MmWave Radars Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Aerospace & Defense MmWave Radars Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Aerospace & Defense MmWave Radars Market
9.4.5.1.1 South Africa Aerospace & Defense MmWave Radars Market by Type
9.4.5.1.2 South Africa Aerospace & Defense MmWave Radars Market by Application
9.4.5.2 Saudi Arabia Aerospace & Defense MmWave Radars Market
9.4.5.2.1 Saudi Arabia Aerospace & Defense MmWave Radars Market by Type
9.4.5.2.2 Saudi Arabia Aerospace & Defense MmWave Radars Market by Application
9.4.5.3 U.A.E Aerospace & Defense MmWave Radars Market
9.4.5.3.1 U.A.E Aerospace & Defense MmWave Radars Market by Type
9.4.5.3.2 U.A.E Aerospace & Defense MmWave Radars Market by Application
9.4.5.4 Rest of Middle East and Africa Aerospace & Defense MmWave Radars Market
9.4.5.4.1 Rest of Middle East and Africa Aerospace & Defense MmWave Radars Market by Type
9.4.5.4.2 Rest of Middle East and Africa Aerospace & Defense MmWave Radars Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Aerospace & Defense MmWave Radars Market Overview
9.5.2 South and Central America Aerospace & Defense MmWave Radars Market Forecasts and Analysis
9.5.3 South and Central America Aerospace & Defense MmWave Radars Market Forecasts and Analysis - By Type
9.5.4 South and Central America Aerospace & Defense MmWave Radars Market Forecasts and Analysis - By Application
9.5.5 South and Central America Aerospace & Defense MmWave Radars Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Aerospace & Defense MmWave Radars Market
9.5.5.1.1 Brazil Aerospace & Defense MmWave Radars Market by Type
9.5.5.1.2 Brazil Aerospace & Defense MmWave Radars Market by Application
9.5.5.2 Argentina Aerospace & Defense MmWave Radars Market
9.5.5.2.1 Argentina Aerospace & Defense MmWave Radars Market by Type
9.5.5.2.2 Argentina Aerospace & Defense MmWave Radars Market by Application
9.5.5.3 Rest of South and Central America Aerospace & Defense MmWave Radars Market
9.5.5.3.1 Rest of South and Central America Aerospace & Defense MmWave Radars Market by Type
9.5.5.3.2 Rest of South and Central America Aerospace & Defense MmWave Radars Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AEROSPACE & DEFENSE MMWAVE RADARS MARKET, KEY COMPANY PROFILES
11.1. ANALOG DEVICES, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. MISTRAL SOLUTIONS PVT. LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. TEXAS INSTRUMENTS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. KEYSIGHT TECHNOLOGIES
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. VIRGINIA DIODES INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HONEYWELL INTERNATIONAL
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MILLIMETER WAVE PRODUCTS INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. FILTRONIC PLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ARRALIS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VIRGINIA DIODES
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Analog Devices, Inc.
2.Mistral Solutions Pvt. Ltd.
3.Texas Instruments
4.Keysight Technologies
5.Virginia Diodes Inc.
6.Honeywell International
7.Millimeter Wave Products Inc.
8.Filtronic plc
9.Arralis
10.Virginia Diodes
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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