The Air Traffic Management Market is expected to register a CAGR of 6.9% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Component (Hardware, Software, Service); Application [Air Traffic Services (ATS), Air Traffic Flow Management (ATFM), Airspace Management (ASM), Aeronautical Information Management (AIM)]; End User (Military, Commercial). 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 Air Traffic Management 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.
Air Traffic Management Market Segmentation
Component- Hardware
- Software
- Service
- Air Traffic Services
- Air Traffic Flow Management
- Airspace Management
- Aeronautical Information Management
- Military
- Commercial
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Air Traffic Management Market Growth Drivers- Increasing Air Traffic and Airport Congestion: The rapid growth of global air traffic, driven by rising passenger numbers, increased cargo demand, and more aircraft being added to the fleet, is a major driver for the air traffic management (ATM) market. As airports and airspace become increasingly congested, efficient air traffic management systems are essential to ensure safety, reduce delays, and optimize airspace utilization. To accommodate this surge in traffic and minimize bottlenecks, air navigation service providers (ANSPs) and aviation authorities are adopting advanced ATM solutions, propelling market growth.
- Advancements in Automation and Artificial Intelligence: Technological advancements, particularly in automation and artificial intelligence (AI), are revolutionizing the air traffic management market. AI-powered systems and automated tools enhance the efficiency and accuracy of air traffic control operations by optimizing flight paths, predicting congestion, and assisting air traffic controllers in decision-making processes. These technologies enable more effective management of high-density air traffic, improving safety and reducing human errors. As these innovations continue to develop, they are driving a shift towards more advanced and automated ATM systems globally.
- Government Regulations and Safety Standards: Government regulations and international safety standards, such as those set by the International Civil Aviation Organization (ICAO) and the Federal Aviation Administration (FAA), play a significant role in driving the adoption of advanced air traffic management systems. With increased focus on improving air safety, reducing delays, and meeting environmental goals, countries are investing in next-generation ATM technologies, including satellite-based systems and advanced radar surveillance. Compliance with regulatory frameworks and safety standards is critical, motivating investment in more efficient and scalable air traffic management solutions
- Shift Towards Satellite-Based Navigation Systems: One of the most significant trends in the air traffic management market is the increasing adoption of satellite-based navigation systems, such as Automatic Dependent Surveillance-Broadcast (ADS-B) and performance-based navigation (PBN). These systems offer more precise and flexible tracking of aircraft, enabling air traffic controllers to manage aircraft movements more efficiently, especially in remote or underserved areas. Satellite-based systems improve airspace capacity and reduce delays by enabling aircraft to follow optimized flight paths, further enhancing the performance of air traffic management.
- Integration of Data-Driven Decision Support Systems: There is a growing trend towards the integration of data-driven decision support systems (DSS) in air traffic management. These systems use real-time data analytics, machine learning algorithms, and predictive modeling to help air traffic controllers make informed decisions. By providing insights into air traffic patterns, weather conditions, and system performance, DSS tools help manage traffic flows more efficiently, reduce delays, and enhance safety. The increased use of these systems is shaping the future of ATM by allowing for more proactive and data-centric air traffic operations.
- Collaboration Between ATM and Unmanned Aerial Systems (UAS): With the rapid rise of unmanned aerial systems (UAS) or drones, a notable trend in the air traffic management market is the collaboration between traditional ATM systems and UAS traffic management (UTM) systems. Integrating drones into regulated airspace is a growing challenge, and innovative solutions are emerging to ensure safe coexistence between manned and unmanned aircraft. This trend includes the development of advanced tracking systems, dynamic airspace management, and automated collision avoidance mechanisms that enable UAS to operate in shared airspace alongside conventional aircraft, fostering a more integrated and efficient air traffic system
- Expansion of Smart Airports and Airspace Management Solutions: The expansion of smart airports, which leverage cutting-edge technologies like Internet of Things (IoT) sensors, biometric systems, and cloud computing, presents significant opportunities for the air traffic management market. Smart airports require advanced ATM systems that can handle increased air traffic, automate routine processes, and provide real-time operational data. Air navigation service providers are increasingly adopting integrated airspace management solutions that combine airport and air traffic operations to improve efficiency and reduce delays. This trend opens up opportunities for innovation in ATM technology to support the growth of smart airports globally.
- Growth of Urban Air Mobility (UAM) and Air Taxi Services: Urban air mobility (UAM) and air taxi services are emerging as transformative forces in the aviation industry, creating significant opportunities for air traffic management. As cities look to incorporate aerial transportation to alleviate urban congestion, new ATM solutions will be required to manage these novel vehicles, such as air taxis, drones, and vertical take-off and landing (VTOL) aircraft. Integrating UAM into existing airspace while ensuring safety, efficiency, and regulatory compliance presents an exciting growth opportunity for companies developing advanced air traffic management systems tailored for these new modes of urban transport.
- Development of Green and Sustainable ATM Technologies: The growing focus on sustainability in the aviation industry presents opportunities for the development of eco-friendly air traffic management technologies. With an emphasis on reducing carbon emissions, optimizing fuel consumption, and minimizing air traffic congestion, there is a push towards green ATM solutions. This includes implementing optimized flight routing, reduced airspace congestion, and more efficient air traffic flow management. Additionally, satellite-based surveillance systems and data-driven decision-making tools help reduce aircraft fuel consumption by optimizing flight paths. Companies developing sustainable and eco-efficient ATM systems have significant opportunities to lead the market as the industry moves toward greener aviation
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Air Traffic Management 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 Air Traffic Management 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
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
Some of the customization options available based on request are 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.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The major factors driving the air traffic management market are:
1. Emergence of ATM to Manage the Rising Air Traffic Across Different Regions
2. Rising Fleet of Passenger and Cargo Aircraft
Some of the major trends driving the air traffic management market are:
1. Adoption of Remote Tower Technologies
2. Integration of Enhanced Technologies into Airport Systems
The Air Traffic Management Market is estimated to witness a CAGR of 6.9% from 2023 to 2031
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Air Traffic Management Market - By Component
1.3.2Air Traffic Management Market - By Airspace Application
1.3.3Air Traffic Management Market - By End User
1.3.4Air Traffic Management Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.AIR TRAFFIC MANAGEMENT MARKET L and SCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.AIR TRAFFIC MANAGEMENT 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.AIR TRAFFIC MANAGEMENT MARKET - GLOBAL MARKET ANALYSIS
6.1.AIR TRAFFIC MANAGEMENT - GLOBAL MARKET OVERVIEW
6.2.AIR TRAFFIC MANAGEMENT - GLOBAL MARKET and FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.AIR TRAFFIC MANAGEMENT MARKET - REVENUE and FORECASTS TO 2028 - COMPONENT
7.1.OVERVIEW
7.2.COMPONENT MARKET FORECASTS and ANALYSIS
7.3.HARDWARE
7.3.1.Overview
7.3.2.Hardware Market Forecast and Analysis
7.3.3.Communication Market
7.3.3.1.Overview
7.3.3.2.Communication Market Forecast and Analysis
7.3.4.Navigation Market
7.3.4.1.Overview
7.3.4.2.Navigation Market Forecast and Analysis
7.3.5.Surveillance Market
7.3.5.1.Overview
7.3.5.2.Surveillance Market Forecast and Analysis
7.4.SOFTWARE
7.4.1.Overview
7.4.2.Software Market Forecast and Analysis
7.4.3.Data Link Server (DLS) Market
7.4.3.1.Overview
7.4.3.2.Data Link Server (DLS) Market Forecast and Analysis
7.4.4.Flight Data Processing System (FDPS) Market
7.4.4.1.Overview
7.4.4.2.Flight Data Processing System (FDPS) Market Forecast and Analysis
7.4.5.Air Traffic Control Automation System Market
7.4.5.1.Overview
7.4.5.2.Air Traffic Control Automation System Market Forecast and Analysis
7.4.6.Surveillance Data Processing (SDPS) Market
7.4.6.1.Overview
7.4.6.2.Surveillance Data Processing (SDPS) Market Forecast and Analysis
7.4.7.Others Market
7.4.7.1.Overview
7.4.7.2.Others Market Forecast and Analysis
7.5.SERVICE
7.5.1.Overview
7.5.2.Service Market Forecast and Analysis
8.AIR TRAFFIC MANAGEMENT MARKET - REVENUE and FORECASTS TO 2028 - AIRSPACE APPLICATION
8.1.OVERVIEW
8.2.AIRSPACE APPLICATION MARKET FORECASTS and ANALYSIS
8.3.AIR TRAFFIC SERVICES (ATS)
8.3.1.Overview
8.3.2.AIR TRAFFIC SERVICES (ATS) Market Forecast and Analysis
8.4.AIR TRAFFIC FLOW MANAGEMENT (ATFM)
8.4.1.Overview
8.4.2.AIR TRAFFIC FLOW MANAGEMENT (ATFM) Market Forecast and Analysis
8.5.AIRSPACE MANAGEMENT (ASM)
8.5.1.Overview
8.5.2.AIRSPACE MANAGEMENT (ASM) Market Forecast and Analysis
8.6.AERONAUTICAL INFORMATION MANAGEMENT (AIM)
8.6.1.Overview
8.6.2.AERONAUTICAL INFORMATION MANAGEMENT (AIM) Market Forecast and Analysis
9.AIR TRAFFIC MANAGEMENT MARKET - REVENUE and FORECASTS TO 2028 - END USER
9.1.OVERVIEW
9.2.END USER MARKET FORECASTS and ANALYSIS
9.3.MILITARY
9.3.1.Overview
9.3.2.Military Market Forecast and Analysis
9.4.COMMERCIAL
9.4.1.Overview
9.4.2.Commercial Market Forecast and Analysis
10.AIR TRAFFIC MANAGEMENT MARKET REVENUE and FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Air Traffic Management Market Overview
10.1.2North America Air Traffic Management Market Forecasts and Analysis
10.1.3North America Air Traffic Management Market Forecasts and Analysis - By Component
10.1.4North America Air Traffic Management Market Forecasts and Analysis - By Airspace Application
10.1.5North America Air Traffic Management Market Forecasts and Analysis - By End User
10.1.6North America Air Traffic Management Market Forecasts and Analysis - By Countries
10.1.6.1United States Air Traffic Management Market
10.1.6.1.1United States Air Traffic Management Market by Component
10.1.6.1.2United States Air Traffic Management Market by Airspace Application
10.1.6.1.3United States Air Traffic Management Market by End User
10.1.6.2Canada Air Traffic Management Market
10.1.6.2.1Canada Air Traffic Management Market by Component
10.1.6.2.2Canada Air Traffic Management Market by Airspace Application
10.1.6.2.3Canada Air Traffic Management Market by End User
10.1.6.3Mexico Air Traffic Management Market
10.1.6.3.1Mexico Air Traffic Management Market by Component
10.1.6.3.2Mexico Air Traffic Management Market by Airspace Application
10.1.6.3.3Mexico Air Traffic Management Market by End User
10.2.EUROPE
10.2.1Europe Air Traffic Management Market Overview
10.2.2Europe Air Traffic Management Market Forecasts and Analysis
10.2.3Europe Air Traffic Management Market Forecasts and Analysis - By Component
10.2.4Europe Air Traffic Management Market Forecasts and Analysis - By Airspace Application
10.2.5Europe Air Traffic Management Market Forecasts and Analysis - By End User
10.2.6Europe Air Traffic Management Market Forecasts and Analysis - By Countries
10.2.6.1Germany Air Traffic Management Market
10.2.6.1.1Germany Air Traffic Management Market by Component
10.2.6.1.2Germany Air Traffic Management Market by Airspace Application
10.2.6.1.3Germany Air Traffic Management Market by End User
10.2.6.2France Air Traffic Management Market
10.2.6.2.1France Air Traffic Management Market by Component
10.2.6.2.2France Air Traffic Management Market by Airspace Application
10.2.6.2.3France Air Traffic Management Market by End User
10.2.6.3Italy Air Traffic Management Market
10.2.6.3.1Italy Air Traffic Management Market by Component
10.2.6.3.2Italy Air Traffic Management Market by Airspace Application
10.2.6.3.3Italy Air Traffic Management Market by End User
10.2.6.4Spain Air Traffic Management Market
10.2.6.4.1Spain Air Traffic Management Market by Component
10.2.6.4.2Spain Air Traffic Management Market by Airspace Application
10.2.6.4.3Spain Air Traffic Management Market by End User
10.2.6.5United Kingdom Air Traffic Management Market
10.2.6.5.1United Kingdom Air Traffic Management Market by Component
10.2.6.5.2United Kingdom Air Traffic Management Market by Airspace Application
10.2.6.5.3United Kingdom Air Traffic Management Market by End User
10.2.6.6Rest of Europe Air Traffic Management Market
10.2.6.6.1Rest of Europe Air Traffic Management Market by Component
10.2.6.6.2Rest of Europe Air Traffic Management Market by Airspace Application
10.2.6.6.3Rest of Europe Air Traffic Management Market by End User
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Air Traffic Management Market Overview
10.3.2Asia-Pacific Air Traffic Management Market Forecasts and Analysis
10.3.3Asia-Pacific Air Traffic Management Market Forecasts and Analysis - By Component
10.3.4Asia-Pacific Air Traffic Management Market Forecasts and Analysis - By Airspace Application
10.3.5Asia-Pacific Air Traffic Management Market Forecasts and Analysis - By End User
10.3.6Asia-Pacific Air Traffic Management Market Forecasts and Analysis - By Countries
10.3.6.1Australia Air Traffic Management Market
10.3.6.1.1Australia Air Traffic Management Market by Component
10.3.6.1.2Australia Air Traffic Management Market by Airspace Application
10.3.6.1.3Australia Air Traffic Management Market by End User
10.3.6.2China Air Traffic Management Market
10.3.6.2.1China Air Traffic Management Market by Component
10.3.6.2.2China Air Traffic Management Market by Airspace Application
10.3.6.2.3China Air Traffic Management Market by End User
10.3.6.3India Air Traffic Management Market
10.3.6.3.1India Air Traffic Management Market by Component
10.3.6.3.2India Air Traffic Management Market by Airspace Application
10.3.6.3.3India Air Traffic Management Market by End User
10.3.6.4Japan Air Traffic Management Market
10.3.6.4.1Japan Air Traffic Management Market by Component
10.3.6.4.2Japan Air Traffic Management Market by Airspace Application
10.3.6.4.3Japan Air Traffic Management Market by End User
10.3.6.5South Korea Air Traffic Management Market
10.3.6.5.1South Korea Air Traffic Management Market by Component
10.3.6.5.2South Korea Air Traffic Management Market by Airspace Application
10.3.6.5.3South Korea Air Traffic Management Market by End User
10.3.6.6Rest of Asia-Pacific Air Traffic Management Market
10.3.6.6.1Rest of Asia-Pacific Air Traffic Management Market by Component
10.3.6.6.2Rest of Asia-Pacific Air Traffic Management Market by Airspace Application
10.3.6.6.3Rest of Asia-Pacific Air Traffic Management Market by End User
10.4.MIDDLE EAST and AFRICA
10.4.1Middle East and Africa Air Traffic Management Market Overview
10.4.2Middle East and Africa Air Traffic Management Market Forecasts and Analysis
10.4.3Middle East and Africa Air Traffic Management Market Forecasts and Analysis - By Component
10.4.4Middle East and Africa Air Traffic Management Market Forecasts and Analysis - By Airspace Application
10.4.5Middle East and Africa Air Traffic Management Market Forecasts and Analysis - By End User
10.4.6Middle East and Africa Air Traffic Management Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Air Traffic Management Market
10.4.6.1.1South Africa Air Traffic Management Market by Component
10.4.6.1.2South Africa Air Traffic Management Market by Airspace Application
10.4.6.1.3South Africa Air Traffic Management Market by End User
10.4.6.2Saudi Arabia Air Traffic Management Market
10.4.6.2.1Saudi Arabia Air Traffic Management Market by Component
10.4.6.2.2Saudi Arabia Air Traffic Management Market by Airspace Application
10.4.6.2.3Saudi Arabia Air Traffic Management Market by End User
10.4.6.3U.A.E Air Traffic Management Market
10.4.6.3.1U.A.E Air Traffic Management Market by Component
10.4.6.3.2U.A.E Air Traffic Management Market by Airspace Application
10.4.6.3.3U.A.E Air Traffic Management Market by End User
10.4.6.4Rest of Middle East and Africa Air Traffic Management Market
10.4.6.4.1Rest of Middle East and Africa Air Traffic Management Market by Component
10.4.6.4.2Rest of Middle East and Africa Air Traffic Management Market by Airspace Application
10.4.6.4.3Rest of Middle East and Africa Air Traffic Management Market by End User
10.5.SOUTH and CENTRAL AMERICA
10.5.1South and Central America Air Traffic Management Market Overview
10.5.2South and Central America Air Traffic Management Market Forecasts and Analysis
10.5.3South and Central America Air Traffic Management Market Forecasts and Analysis - By Component
10.5.4South and Central America Air Traffic Management Market Forecasts and Analysis - By Airspace Application
10.5.5South and Central America Air Traffic Management Market Forecasts and Analysis - By End User
10.5.6South and Central America Air Traffic Management Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Air Traffic Management Market
10.5.6.1.1Brazil Air Traffic Management Market by Component
10.5.6.1.2Brazil Air Traffic Management Market by Airspace Application
10.5.6.1.3Brazil Air Traffic Management Market by End User
10.5.6.2Argentina Air Traffic Management Market
10.5.6.2.1Argentina Air Traffic Management Market by Component
10.5.6.2.2Argentina Air Traffic Management Market by Airspace Application
10.5.6.2.3Argentina Air Traffic Management Market by End User
10.5.6.3Rest of South and Central America Air Traffic Management Market
10.5.6.3.1Rest of South and Central America Air Traffic Management Market by Component
10.5.6.3.2Rest of South and Central America Air Traffic Management Market by Airspace Application
10.5.6.3.3Rest of South and Central America Air Traffic Management Market by End User
11.INDUSTRY L and SCAPE
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.AIR TRAFFIC MANAGEMENT MARKET, KEY COMPANY PROFILES
12.1.ADVANCED NAVIGATION and POSITIONING CORPORATION
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.BAE SYSTEMS PLC
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.HARRIS CORPORATION
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.HONEYWELL INTERNATIONAL, INC.
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.INTELCAN TECHNOSYSTEMS INC.
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.LOCKHEED MARTIN CORPORATION
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.RAYTHEON COMPANY
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.SAAB AB
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.SAIPHER ATC
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.THALES GROUP
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
1. Advanced Navigation and Positioning Corporation2. BAE Systems PLC3. Harris Corporation4. Honeywell International, Inc. 5. Intelcan Technosystems Inc. 6. Lockheed Martin Corporation7. Raytheon Company8. SAAB AB9. Saipher ATC10. Thales Group
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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