Aerospace Robotics Market Key Findings, Size, and Share by 2031
The Aerospace Robotics Market is expected to register a CAGR of 13.8% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Articulated, Cartesian, Cylindrical, SCADA, Others); Technology (Traditional, Collaborative); Application (Drilling, Welding, Painting and Coating, Inspection, Others) . The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the ReportThe report Aerospace Robotics 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 Robotics Market Segmentation
Type- Articulated
- Cartesian
- Cylindrical
- SCADA
- Traditional
- Collaborative
- Drilling
- Welding
- Painting and Coating
- Inspection
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South and Central America
Strategic Insights
Aerospace Robotics Market Growth Drivers- Demand for Automation and Efficiency: There is a growing demand to enhance manufacturing efficiency and aerospace application cost-effectiveness through robotics. The robotics solutions help in enhanced assembly, inspection, and maintenance.
- Labor shortages issues: Aerospace industry faces labor shortages issue. Thus, to overcome this challenge, use of robotics by corporations will help fill the gaps in an employee workforce as production levels could be maintained. The automated task by the robots can help in the assembly, maintenance, and other operations.
- Autonomous Inspection and Maintenance: The demand for autonomous robots capable of performing inspections, diagnostics, and maintenance tasks will continue to grow in the aerospace industry. Robotic systems equipped with advanced sensors, AI, and machine learning algorithms will be used for routine inspections of aircraft, satellites, and other aerospace components. These robots can detect faults, corrosion, and wear in hard-to-reach areas, ensuring timely maintenance and reducing downtime. Autonomous systems can operate in hazardous or remote environments, offering significant advantages in safety, accuracy, and efficiency, thus revolutionizing how maintenance and inspection tasks are carried out in aerospace operations.
- Collaborative Robotics (Cobots) in Aircraft Manufacturing: Collaborative robots (cobots) are increasingly being integrated into the aerospace manufacturing process. These robots work alongside human operators, enhancing productivity while ensuring safety. Cobots are particularly useful for tasks that require precision, such as assembly, welding, and painting of aircraft parts. In the future, cobots will become more advanced, incorporating AI, enhanced dexterity, and adaptive learning capabilities to perform complex tasks autonomously or in collaboration with humans.
- Expansion of Emerging Markets: Aerospace robotics companies take advantage of high rates of industrialization in regions such as Asia-Pacific and Latin America as manufacturing sites increase. The rising investment fir the automation and expansion of aerospace industry will create opportunity for the market growth.
- Autonomous Systems Advancements: Advances in autonomous systems-from the development of unmanned ground vehicles, self-driving cars, and driverless vehicles to drones or unmanned aircraft-creates new applications and business models for aerospace.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Aerospace Robotics 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 Robotics 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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- 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.
Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation#as our team would review the same and check the feasibility
Demand for automation and efficiency and labor shortages issues are the major factors driving the aerospace robotics market.
Collaborative Robots (Cobots) and soaring demand for drones are likely to remain a key trend in the market.
The Aerospace Robotics Market is estimated to witness a CAGR of 13.8% from 2024 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
1.3.1Aerospace Robotics Market - By Type
1.3.2Aerospace Robotics Market - By Technology
1.3.3Aerospace Robotics Market - By Application
1.3.4Aerospace Robotics Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.AEROSPACE ROBOTICS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.AEROSPACE ROBOTICS 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 ROBOTICS MARKET - GLOBAL MARKET ANALYSIS
6.1.AEROSPACE ROBOTICS - GLOBAL MARKET OVERVIEW
6.2.AEROSPACE ROBOTICS - GLOBAL MARKET AND FORECAST TO 2027
6.3.MARKET POSITIONING/MARKET SHARE
7.AEROSPACE ROBOTICS MARKET - REVENUE AND FORECASTS TO 2027 â TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.ARTICULATED
7.3.1.Overview
7.3.2.Articulated Market Forecast and Analysis
7.4.CARTESIAN
7.4.1.Overview
7.4.2.Cartesian Market Forecast and Analysis
7.5.CYLINDRICAL
7.5.1.Overview
7.5.2.Cylindrical Market Forecast and Analysis
7.6.SCADA
7.6.1.Overview
7.6.2.SCADA Market Forecast and Analysis
7.7.OTHERS
7.7.1.Overview
7.7.2.Others Market Forecast and Analysis
8.AEROSPACE ROBOTICS MARKET - REVENUE AND FORECASTS TO 2027 â TECHNOLOGY
8.1.OVERVIEW
8.2.TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3.TRADITIONAL
8.3.1.Overview
8.3.2.Traditional Market Forecast and Analysis
8.4.COLLABORATIVE
8.4.1.Overview
8.4.2.Collaborative Market Forecast and Analysis
9.AEROSPACE ROBOTICS MARKET - REVENUE AND FORECASTS TO 2027 â APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS AND ANALYSIS
9.3.DRILLING
9.3.1.Overview
9.3.2.Drilling Market Forecast and Analysis
9.4.WELDING
9.4.1.Overview
9.4.2.Welding Market Forecast and Analysis
9.5.PAINTING AND COATING
9.5.1.Overview
9.5.2.Painting and Coating Market Forecast and Analysis
9.6.INSPECTION
9.6.1.Overview
9.6.2.Inspection Market Forecast and Analysis
9.7.OTHERS
9.7.1.Overview
9.7.2.Others Market Forecast and Analysis
10.AEROSPACE ROBOTICS MARKET REVENUE AND FORECASTS TO 2027 â GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Aerospace Robotics Market Overview
10.1.2North America Aerospace Robotics Market Forecasts and Analysis
10.1.3North America Aerospace Robotics Market Forecasts and Analysis - By Type
10.1.4North America Aerospace Robotics Market Forecasts and Analysis - By Technology
10.1.5North America Aerospace Robotics Market Forecasts and Analysis - By Application
10.1.6North America Aerospace Robotics Market Forecasts and Analysis - By Countries
10.1.6.1United States Aerospace Robotics Market
10.1.6.1.1United States Aerospace Robotics Market by Type
10.1.6.1.2United States Aerospace Robotics Market by Technology
10.1.6.1.3United States Aerospace Robotics Market by Application
10.1.6.2Canada Aerospace Robotics Market
10.1.6.2.1Canada Aerospace Robotics Market by Type
10.1.6.2.2Canada Aerospace Robotics Market by Technology
10.1.6.2.3Canada Aerospace Robotics Market by Application
10.1.6.3Mexico Aerospace Robotics Market
10.1.6.3.1Mexico Aerospace Robotics Market by Type
10.1.6.3.2Mexico Aerospace Robotics Market by Technology
10.1.6.3.3Mexico Aerospace Robotics Market by Application
10.2.EUROPE
10.2.1Europe Aerospace Robotics Market Overview
10.2.2Europe Aerospace Robotics Market Forecasts and Analysis
10.2.3Europe Aerospace Robotics Market Forecasts and Analysis - By Type
10.2.4Europe Aerospace Robotics Market Forecasts and Analysis - By Technology
10.2.5Europe Aerospace Robotics Market Forecasts and Analysis - By Application
10.2.6Europe Aerospace Robotics Market Forecasts and Analysis - By Countries
10.2.6.1Germany Aerospace Robotics Market
10.2.6.1.1Germany Aerospace Robotics Market by Type
10.2.6.1.2Germany Aerospace Robotics Market by Technology
10.2.6.1.3Germany Aerospace Robotics Market by Application
10.2.6.2France Aerospace Robotics Market
10.2.6.2.1France Aerospace Robotics Market by Type
10.2.6.2.2France Aerospace Robotics Market by Technology
10.2.6.2.3France Aerospace Robotics Market by Application
10.2.6.3Italy Aerospace Robotics Market
10.2.6.3.1Italy Aerospace Robotics Market by Type
10.2.6.3.2Italy Aerospace Robotics Market by Technology
10.2.6.3.3Italy Aerospace Robotics Market by Application
10.2.6.4United Kingdom Aerospace Robotics Market
10.2.6.4.1United Kingdom Aerospace Robotics Market by Type
10.2.6.4.2United Kingdom Aerospace Robotics Market by Technology
10.2.6.4.3United Kingdom Aerospace Robotics Market by Application
10.2.6.5Russia Aerospace Robotics Market
10.2.6.5.1Russia Aerospace Robotics Market by Type
10.2.6.5.2Russia Aerospace Robotics Market by Technology
10.2.6.5.3Russia Aerospace Robotics Market by Application
10.2.6.6Rest of Europe Aerospace Robotics Market
10.2.6.6.1Rest of Europe Aerospace Robotics Market by Type
10.2.6.6.2Rest of Europe Aerospace Robotics Market by Technology
10.2.6.6.3Rest of Europe Aerospace Robotics Market by Application
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Aerospace Robotics Market Overview
10.3.2Asia-Pacific Aerospace Robotics Market Forecasts and Analysis
10.3.3Asia-Pacific Aerospace Robotics Market Forecasts and Analysis - By Type
10.3.4Asia-Pacific Aerospace Robotics Market Forecasts and Analysis - By Technology
10.3.5Asia-Pacific Aerospace Robotics Market Forecasts and Analysis - By Application
10.3.6Asia-Pacific Aerospace Robotics Market Forecasts and Analysis - By Countries
10.3.6.1Australia Aerospace Robotics Market
10.3.6.1.1Australia Aerospace Robotics Market by Type
10.3.6.1.2Australia Aerospace Robotics Market by Technology
10.3.6.1.3Australia Aerospace Robotics Market by Application
10.3.6.2China Aerospace Robotics Market
10.3.6.2.1China Aerospace Robotics Market by Type
10.3.6.2.2China Aerospace Robotics Market by Technology
10.3.6.2.3China Aerospace Robotics Market by Application
10.3.6.3India Aerospace Robotics Market
10.3.6.3.1India Aerospace Robotics Market by Type
10.3.6.3.2India Aerospace Robotics Market by Technology
10.3.6.3.3India Aerospace Robotics Market by Application
10.3.6.4Japan Aerospace Robotics Market
10.3.6.4.1Japan Aerospace Robotics Market by Type
10.3.6.4.2Japan Aerospace Robotics Market by Technology
10.3.6.4.3Japan Aerospace Robotics Market by Application
10.3.6.5South Korea Aerospace Robotics Market
10.3.6.5.1South Korea Aerospace Robotics Market by Type
10.3.6.5.2South Korea Aerospace Robotics Market by Technology
10.3.6.5.3South Korea Aerospace Robotics Market by Application
10.3.6.6Rest of Asia-Pacific Aerospace Robotics Market
10.3.6.6.1Rest of Asia-Pacific Aerospace Robotics Market by Type
10.3.6.6.2Rest of Asia-Pacific Aerospace Robotics Market by Technology
10.3.6.6.3Rest of Asia-Pacific Aerospace Robotics Market by Application
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Aerospace Robotics Market Overview
10.4.2Middle East and Africa Aerospace Robotics Market Forecasts and Analysis
10.4.3Middle East and Africa Aerospace Robotics Market Forecasts and Analysis - By Type
10.4.4Middle East and Africa Aerospace Robotics Market Forecasts and Analysis - By Technology
10.4.5Middle East and Africa Aerospace Robotics Market Forecasts and Analysis - By Application
10.4.6Middle East and Africa Aerospace Robotics Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Aerospace Robotics Market
10.4.6.1.1South Africa Aerospace Robotics Market by Type
10.4.6.1.2South Africa Aerospace Robotics Market by Technology
10.4.6.1.3South Africa Aerospace Robotics Market by Application
10.4.6.2Saudi Arabia Aerospace Robotics Market
10.4.6.2.1Saudi Arabia Aerospace Robotics Market by Type
10.4.6.2.2Saudi Arabia Aerospace Robotics Market by Technology
10.4.6.2.3Saudi Arabia Aerospace Robotics Market by Application
10.4.6.3U.A.E Aerospace Robotics Market
10.4.6.3.1U.A.E Aerospace Robotics Market by Type
10.4.6.3.2U.A.E Aerospace Robotics Market by Technology
10.4.6.3.3U.A.E Aerospace Robotics Market by Application
10.4.6.4Rest of Middle East and Africa Aerospace Robotics Market
10.4.6.4.1Rest of Middle East and Africa Aerospace Robotics Market by Type
10.4.6.4.2Rest of Middle East and Africa Aerospace Robotics Market by Technology
10.4.6.4.3Rest of Middle East and Africa Aerospace Robotics Market by Application
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Aerospace Robotics Market Overview
10.5.2South and Central America Aerospace Robotics Market Forecasts and Analysis
10.5.3South and Central America Aerospace Robotics Market Forecasts and Analysis - By Type
10.5.4South and Central America Aerospace Robotics Market Forecasts and Analysis - By Technology
10.5.5South and Central America Aerospace Robotics Market Forecasts and Analysis - By Application
10.5.6South and Central America Aerospace Robotics Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Aerospace Robotics Market
10.5.6.1.1Brazil Aerospace Robotics Market by Type
10.5.6.1.2Brazil Aerospace Robotics Market by Technology
10.5.6.1.3Brazil Aerospace Robotics Market by Application
10.5.6.2Argentina Aerospace Robotics Market
10.5.6.2.1Argentina Aerospace Robotics Market by Type
10.5.6.2.2Argentina Aerospace Robotics Market by Technology
10.5.6.2.3Argentina Aerospace Robotics Market by Application
10.5.6.3Rest of South and Central America Aerospace Robotics Market
10.5.6.3.1Rest of South and Central America Aerospace Robotics Market by Type
10.5.6.3.2Rest of South and Central America Aerospace Robotics Market by Technology
10.5.6.3.3Rest of South and Central America Aerospace Robotics Market by Application
11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12.AEROSPACE ROBOTICS MARKET, KEY COMPANY PROFILES
12.1.ABB LTD.
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.AV AND R VISION AND ROBOTICS INC.
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.ELECTROIMPACT INC.
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.FANUC CORPORATION
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.GENERAL ELECTRIC COMPANY
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.GüDEL GROUP AG
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.YASKAWA ELECTRIC CORPORATION
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.KAWASAKI HEAVY INDUSTRIES LIMITED,
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.KUKA AG
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.UNIVERSAL ROBOTICS A S
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments
13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
The List of Companies
1. ABB Ltd.
2. AV and R Vision and Robotics Inc.
3. Electroimpact Inc.
4. Fanuc Corporation
5. General Electric Company
6. Gdel Group AG
7. Yaskawa Electric Corporation
8. Kawasaki Heavy Industries Limited,
9. KUKA AG
10. Universal Robotics A S
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.
Get Free Sample For