Aerospace Prepreg Market Opportunities, Forecast, and Size till 2031

Coverage: Aerospace Prepreg Market covers analysis By Type (Carbon Fiber Prepreg, Glass Fiber Prepreg, Aramid Fiber Prepreg); Application (Military Aircraft, Commercial Aircraft, UAV) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00019904
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Aerospace Prepreg Market [2021-2031] - Size and Share

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The Aerospace Prepreg Market is expected to register a CAGR of 5% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The aerospace prepreg market report is segmented by type (carbon fiber prepreg, glass fiber prepreg, aramid fiber prepreg, and others).The market is segmented based on the resin type (thermoset and thermoplastics). The market is segmented based on form (tow and fabric). The market is segmented based on application (military aircraft, commercial aircraft, and UAVs). The global analysis is further broken down at the regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.

Purpose of the Report

The report Aerospace Prepreg Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Aerospace Prepreg Market Segmentation

Type
  • Carbon Fiber Prepreg
  • Glass Fiber Prepreg
  • Aramid Fiber Prepreg
Resin Type
  • Thermoset
  • Thermoplastics

Strategic Insights

Aerospace Prepreg Market Growth Drivers
  • Rising Demand for Lightweight Materials: The growing emphasis on reducing the weight of aircraft to improve fuel efficiency is a major driver for the aerospace prepreg market. Prepregs, which are reinforced composite materials pre-impregnated with resin, offer a lightweight and durable solution for aerospace components. These materials are increasingly used in aircraft structures, reducing overall weight while maintaining strength and safety standards.
  • Technological Advancements in Composite Materials: The aerospace industry is witnessing continuous advancements in composite material technology, including prepregs, to meet the performance demands of modern aircraft. New prepreg formulations, such as those offering better thermal stability, resistance to wear, and greater durability, are driving market growth. The development of advanced prepregs for use in high-stress and high-temperature applications is also contributing to the growth of the aerospace prepreg market.
  • Increasing Adoption of Carbon Fiber Composites: The growing use of carbon fiber composites in the aerospace industry is another key driver for the prepreg market. Carbon fiber prepregs offer excellent strength-to-weight ratios, fatigue resistance, and high-temperature performance, making them ideal for critical aerospace applications. The aerospace industry's transition toward carbon fiber materials for both structural and non-structural parts is fueling the demand for prepregs.
Aerospace Prepreg Market Future Trends
  • Growth in Commercial Aircraft Production: The expansion of commercial aircraft production is a significant trend influencing the aerospace prepreg market. As the demand for air travel increases globally, aircraft manufacturers are ramping up production to meet these needs. Prepregs are increasingly being used in new aircraft designs to improve fuel efficiency and reduce maintenance costs. This trend is expected to continue as aircraft fleets are modernized to incorporate more advanced materials.
  • Development of Advanced Prepregs for Sustainability: The aerospace industry is placing a greater focus on sustainability, which has led to the development of eco-friendly prepregs. Manufacturers are working on developing prepregs with lower environmental impact, including recyclable resin systems and bio-based fibers. These sustainable prepregs are expected to gain popularity as the industry strives to meet carbon reduction targets and environmental regulations.
  • Integration of Automation in Prepreg Manufacturing: Automation and advanced manufacturing techniques, such as automated fiber placement (AFP) and automated tape laying (ATL), are emerging trends in the aerospace prepreg market. These technologies increase production efficiency, reduce labor costs, and improve the precision of prepreg components. As aerospace companies strive for faster production and reduced manufacturing costs, automated processes are becoming increasingly common.
Aerospace Prepreg Market Opportunities
  • Opportunities in the Space Exploration and Satellite Markets: The growing space exploration industry presents significant opportunities for the aerospace prepreg market. Prepregs are used extensively in spacecraft, satellites, and launch vehicles due to their high strength and low weight. As space exploration activities increase, including satellite launches and space tourism, the demand for high-performance prepregs is expected to grow.
  • Opportunities in the Military Aerospace Sector: The military aerospace sector represents a strong growth opportunity for aerospace prepregs. Military aircraft require high-strength, lightweight materials for critical components such as wings, fuselage, and engine parts. As defense budgets increase and new military aircraft designs are introduced, the demand for advanced prepreg materials will continue to rise, driven by the need for enhanced performance and durability.
  • Opportunities in the Aircraft Retrofit Market: The growing need for aircraft retrofitting presents another opportunity for the aerospace prepreg market. As airlines and aerospace companies retrofit older aircraft to extend their operational life, prepregs are used to replace outdated materials with lightweight, durable composite alternatives. This trend will drive the demand for prepreg materials, as airlines aim to improve fuel efficiency and meet modern performance standards in their aging fleets.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Aerospace Prepreg Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Aerospace Prepreg Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What is the future trend for aerospace prepreg market?

Increased use of automated manufacturing processes is expected to be the key market trends.

Based on geography, which region held the largest share of the aerospace prepreg market?

Based on geography, North America held the largest share of the aerospace prepreg market due to its rapidly growing aerospace industry.

What are the key players operating in the aerospace prepreg market?

Toray Advanced Composites, C.A.Litzler Co. Inc., ENEOS Corporation, Gurit, Hexcel Corporation, Mitsubishi Chemical Corporation, NOTUS, PARK AEROSPACE CORP., Solvay, and Teijin Carbon Europe GmbH are the key players operating in the aerospace prepreg market.

Which is the fastest growing segment based on type?

Based on type, the carbon fiber prepreg segment is expected to witness the fastest growth during the forecast period.

What are the driving factors impacting the aerospace prepreg market ?

The increasing aircraft production and fleet expansion in various countries across the globe is driving the market growth.

What is the expected CAGR of the Aerospace Prepreg Market ?

The Aerospace Prepreg Market is estimated to witness a CAGR of 5% from 2023 to 2031

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Aerospace Prepreg Market - By Type
1.3.2 Aerospace Prepreg Market - By Application
1.3.3 Aerospace Prepreg Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. AEROSPACE PREPREG 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 PREPREG 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 PREPREG MARKET - GLOBAL MARKET ANALYSIS
6.1. AEROSPACE PREPREG - GLOBAL MARKET OVERVIEW
6.2. AEROSPACE PREPREG - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. AEROSPACE PREPREG MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CARBON FIBER PREPREG
7.3.1. Overview
7.3.2. Carbon Fiber Prepreg Market Forecast and Analysis
7.4. GLASS FIBER PREPREG
7.4.1. Overview
7.4.2. Glass Fiber Prepreg Market Forecast and Analysis
7.5. ARAMID FIBER PREPREG
7.5.1. Overview
7.5.2. Aramid Fiber Prepreg Market Forecast and Analysis
8. AEROSPACE PREPREG MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. MILITARY AIRCRAFT
8.3.1. Overview
8.3.2. Military Aircraft Market Forecast and Analysis
8.4. COMMERCIAL AIRCRAFT
8.4.1. Overview
8.4.2. Commercial Aircraft Market Forecast and Analysis
8.5. UAV
8.5.1. Overview
8.5.2. UAV Market Forecast and Analysis

9. AEROSPACE PREPREG MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Aerospace Prepreg Market Overview
9.1.2 North America Aerospace Prepreg Market Forecasts and Analysis
9.1.3 North America Aerospace Prepreg Market Forecasts and Analysis - By Type
9.1.4 North America Aerospace Prepreg Market Forecasts and Analysis - By Application
9.1.5 North America Aerospace Prepreg Market Forecasts and Analysis - By Countries
9.1.5.1 United States Aerospace Prepreg Market
9.1.5.1.1 United States Aerospace Prepreg Market by Type
9.1.5.1.2 United States Aerospace Prepreg Market by Application
9.1.5.2 Canada Aerospace Prepreg Market
9.1.5.2.1 Canada Aerospace Prepreg Market by Type
9.1.5.2.2 Canada Aerospace Prepreg Market by Application
9.1.5.3 Mexico Aerospace Prepreg Market
9.1.5.3.1 Mexico Aerospace Prepreg Market by Type
9.1.5.3.2 Mexico Aerospace Prepreg Market by Application
9.2. EUROPE
9.2.1 Europe Aerospace Prepreg Market Overview
9.2.2 Europe Aerospace Prepreg Market Forecasts and Analysis
9.2.3 Europe Aerospace Prepreg Market Forecasts and Analysis - By Type
9.2.4 Europe Aerospace Prepreg Market Forecasts and Analysis - By Application
9.2.5 Europe Aerospace Prepreg Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Aerospace Prepreg Market
9.2.5.1.1 Germany Aerospace Prepreg Market by Type
9.2.5.1.2 Germany Aerospace Prepreg Market by Application
9.2.5.2 France Aerospace Prepreg Market
9.2.5.2.1 France Aerospace Prepreg Market by Type
9.2.5.2.2 France Aerospace Prepreg Market by Application
9.2.5.3 Italy Aerospace Prepreg Market
9.2.5.3.1 Italy Aerospace Prepreg Market by Type
9.2.5.3.2 Italy Aerospace Prepreg Market by Application
9.2.5.4 United Kingdom Aerospace Prepreg Market
9.2.5.4.1 United Kingdom Aerospace Prepreg Market by Type
9.2.5.4.2 United Kingdom Aerospace Prepreg Market by Application
9.2.5.5 Russia Aerospace Prepreg Market
9.2.5.5.1 Russia Aerospace Prepreg Market by Type
9.2.5.5.2 Russia Aerospace Prepreg Market by Application
9.2.5.6 Rest of Europe Aerospace Prepreg Market
9.2.5.6.1 Rest of Europe Aerospace Prepreg Market by Type
9.2.5.6.2 Rest of Europe Aerospace Prepreg Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Aerospace Prepreg Market Overview
9.3.2 Asia-Pacific Aerospace Prepreg Market Forecasts and Analysis
9.3.3 Asia-Pacific Aerospace Prepreg Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Aerospace Prepreg Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Aerospace Prepreg Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Aerospace Prepreg Market
9.3.5.1.1 Australia Aerospace Prepreg Market by Type
9.3.5.1.2 Australia Aerospace Prepreg Market by Application
9.3.5.2 China Aerospace Prepreg Market
9.3.5.2.1 China Aerospace Prepreg Market by Type
9.3.5.2.2 China Aerospace Prepreg Market by Application
9.3.5.3 India Aerospace Prepreg Market
9.3.5.3.1 India Aerospace Prepreg Market by Type
9.3.5.3.2 India Aerospace Prepreg Market by Application
9.3.5.4 Japan Aerospace Prepreg Market
9.3.5.4.1 Japan Aerospace Prepreg Market by Type
9.3.5.4.2 Japan Aerospace Prepreg Market by Application
9.3.5.5 South Korea Aerospace Prepreg Market
9.3.5.5.1 South Korea Aerospace Prepreg Market by Type
9.3.5.5.2 South Korea Aerospace Prepreg Market by Application
9.3.5.6 Rest of Asia-Pacific Aerospace Prepreg Market
9.3.5.6.1 Rest of Asia-Pacific Aerospace Prepreg Market by Type
9.3.5.6.2 Rest of Asia-Pacific Aerospace Prepreg Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Aerospace Prepreg Market Overview
9.4.2 Middle East and Africa Aerospace Prepreg Market Forecasts and Analysis
9.4.3 Middle East and Africa Aerospace Prepreg Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Aerospace Prepreg Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Aerospace Prepreg Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Aerospace Prepreg Market
9.4.5.1.1 South Africa Aerospace Prepreg Market by Type
9.4.5.1.2 South Africa Aerospace Prepreg Market by Application
9.4.5.2 Saudi Arabia Aerospace Prepreg Market
9.4.5.2.1 Saudi Arabia Aerospace Prepreg Market by Type
9.4.5.2.2 Saudi Arabia Aerospace Prepreg Market by Application
9.4.5.3 U.A.E Aerospace Prepreg Market
9.4.5.3.1 U.A.E Aerospace Prepreg Market by Type
9.4.5.3.2 U.A.E Aerospace Prepreg Market by Application
9.4.5.4 Rest of Middle East and Africa Aerospace Prepreg Market
9.4.5.4.1 Rest of Middle East and Africa Aerospace Prepreg Market by Type
9.4.5.4.2 Rest of Middle East and Africa Aerospace Prepreg Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Aerospace Prepreg Market Overview
9.5.2 South and Central America Aerospace Prepreg Market Forecasts and Analysis
9.5.3 South and Central America Aerospace Prepreg Market Forecasts and Analysis - By Type
9.5.4 South and Central America Aerospace Prepreg Market Forecasts and Analysis - By Application
9.5.5 South and Central America Aerospace Prepreg Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Aerospace Prepreg Market
9.5.5.1.1 Brazil Aerospace Prepreg Market by Type
9.5.5.1.2 Brazil Aerospace Prepreg Market by Application
9.5.5.2 Rest of South and Central America Aerospace Prepreg Market
9.5.5.2.1 Rest of South and Central America Aerospace Prepreg Market by Type
9.5.5.2.2 Rest of South and Central America Aerospace Prepreg 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 PREPREG MARKET, KEY COMPANY PROFILES
11.1. C. A. LITZLER CO., 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. ENEOS CORPORATION
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. GURIT
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. HEXCEL CORPORATION
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. MITSUBISHI CHEMICAL CORPORATION
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. NOTUS COMPOSITES
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. PARK AEROSPACE CORP.
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. SOLVAY
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. TEIJIN LIMITED
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. TORAY INDUSTRIES, INC.
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

The List of Companies

1. C. A. Litzler Co., Inc.
2. ENEOS Corporation
3. Gurit
4. Hexcel Corporation
5. Mitsubishi Chemical Corporation
6. Notus Composites
7. PARK AEROSPACE CORP.
8. Solvay
9. TEIJIN LIMITED
10. TORAY INDUSTRIES, INC.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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