Aircraft Aerostructures Market Size and Share: 2021 to 2031
The Aircraft Aerostructures Market is expected to register a CAGR of 5.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Component (Fuselage, Flight Control Surfaces, Wings, Nacelle and Pylon, Others); Material (Composites, Alloys, Metals); Aircraft Type (General Aviation, Narrow Body, Wide Body, Regional, Military Aircraft, UAVs, Helicopters); End Use (OEMs, Aftermarket). 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 Aircraft Aerostructures 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.
Aircraft Aerostructures Market Segmentation
Component- Fuselage
- Flight Control Surfaces
- Wings
- Nacelle and Pylon
- Others
- Composites
- Alloys
- Metals
- General Aviation
- Narrow Body
- Wide Body
- Regional
- Military Aircraft
- UAVs
- Helicopters
- OEMs
- Aftermarket
- OEMs
- Aftermarket
Strategic Insights
Aircraft Aerostructures Market Growth Drivers- Deliveries of New Commercial Aircraft: The rise in number of commercial aircraft orders and deliveries across different regions is one of the major factors driving the growth of aircraft aerostructures market.
- Surge in Aviation MRO Sector: The growth of aviation MRO industry is another major factor pushing the demand for different types of aerostructures from the aftermarket perspective.
- Demand for Composite Aerostructures: The demand for composite made aerostructures for next generation aircraft models is one of the major trends in the market.
- Rising Deployment of UAVs:The growth in deployment of UAVs across different armed forces is pushing the production of unmanned aerial vehicles (UAVs). UAVs requires to be lightweight to provide maximum operational efficiency to the operator for which it requires better grade materials such as composite and titanium alloys that provide better strength to weight ratio. This is further pushing the adoption of aerostructures for UAVs segment.
- Increasing Helicopter Deliveries: The growing number of helicoppter deliveries across emerging countries is one of the major factors likelty to provide new opportunities for market vendors in the coming years.
- Reduction in the Costs of Composite Materials:The decline in composite material cost is allowing te aerostructure manufactures to enhance their production capabilities to better cater their respective customers which is another major factor likely to provide new opportunities for market vendors in the next decade.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Aircraft Aerostructures 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 Aircraft Aerostructures 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.
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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
- 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
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to country scope.
Frequently Asked Questions
The Aircraft Aerostructures Market is estimated to witness a CAGR of 5.2% from 2023 to 2031
The major factors driving the aircraft aerostructures market are:
1. Deliveries of New Commercial Aircraft
2. Surge in Aviation MRO Sector
Some of the major trends driving the aircraft aerostructures market are:
1. Demand for Composite Aerostructures
2. Rising Deployment of UAVs
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 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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Aircraft Aerostructures Market - By Component
1.3.2 Aircraft Aerostructures Market - By Material
1.3.3 Aircraft Aerostructures Market - By Platform
1.3.4 Aircraft Aerostructures Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AIRCRAFT AEROSTRUCTURES 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. AIRCRAFT AEROSTRUCTURES 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. AIRCRAFT AEROSTRUCTURES MARKET - GLOBAL MARKET ANALYSIS
6.1. AIRCRAFT AEROSTRUCTURES - GLOBAL MARKET OVERVIEW
6.2. AIRCRAFT AEROSTRUCTURES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AIRCRAFT AEROSTRUCTURES MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. FUSELAGE
7.3.1. Overview
7.3.2. Fuselage Market Forecast and Analysis
7.4. FLIGHT CONTROL SURFACES
7.4.1. Overview
7.4.2. Flight Control Surfaces Market Forecast and Analysis
7.5. WINGS
7.5.1. Overview
7.5.2. Wings Market Forecast and Analysis
7.6. NACELLE AND PYLON
7.6.1. Overview
7.6.2. Nacelle and Pylon Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. AIRCRAFT AEROSTRUCTURES MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. COMPOSITES
8.3.1. Overview
8.3.2. Composites Market Forecast and Analysis
8.4. ALLOYS
8.4.1. Overview
8.4.2. Alloys Market Forecast and Analysis
8.5. METALS
8.5.1. Overview
8.5.2. Metals Market Forecast and Analysis
9. AIRCRAFT AEROSTRUCTURES MARKET - REVENUE AND FORECASTS TO 2028 - PLATFORM
9.1. OVERVIEW
9.2. PLATFORM MARKET FORECASTS AND ANALYSIS
9.3. FIXED WING AIRCRAFT
9.3.1. Overview
9.3.2. Fixed Wing Aircraft Market Forecast and Analysis
9.4. ROTARY WING AIRCRAFT
9.4.1. Overview
9.4.2. Rotary Wing Aircraft Market Forecast and Analysis
10. AIRCRAFT AEROSTRUCTURES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Aircraft Aerostructures Market Overview
10.1.2 North America Aircraft Aerostructures Market Forecasts and Analysis
10.1.3 North America Aircraft Aerostructures Market Forecasts and Analysis - By Component
10.1.4 North America Aircraft Aerostructures Market Forecasts and Analysis - By Material
10.1.5 North America Aircraft Aerostructures Market Forecasts and Analysis - By Platform
10.1.6 North America Aircraft Aerostructures Market Forecasts and Analysis - By Countries
10.1.6.1 United States Aircraft Aerostructures Market
10.1.6.1.1 United States Aircraft Aerostructures Market by Component
10.1.6.1.2 United States Aircraft Aerostructures Market by Material
10.1.6.1.3 United States Aircraft Aerostructures Market by Platform
10.1.6.2 Canada Aircraft Aerostructures Market
10.1.6.2.1 Canada Aircraft Aerostructures Market by Component
10.1.6.2.2 Canada Aircraft Aerostructures Market by Material
10.1.6.2.3 Canada Aircraft Aerostructures Market by Platform
10.1.6.3 Mexico Aircraft Aerostructures Market
10.1.6.3.1 Mexico Aircraft Aerostructures Market by Component
10.1.6.3.2 Mexico Aircraft Aerostructures Market by Material
10.1.6.3.3 Mexico Aircraft Aerostructures Market by Platform
10.2. EUROPE
10.2.1 Europe Aircraft Aerostructures Market Overview
10.2.2 Europe Aircraft Aerostructures Market Forecasts and Analysis
10.2.3 Europe Aircraft Aerostructures Market Forecasts and Analysis - By Component
10.2.4 Europe Aircraft Aerostructures Market Forecasts and Analysis - By Material
10.2.5 Europe Aircraft Aerostructures Market Forecasts and Analysis - By Platform
10.2.6 Europe Aircraft Aerostructures Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Aircraft Aerostructures Market
10.2.6.1.1 Germany Aircraft Aerostructures Market by Component
10.2.6.1.2 Germany Aircraft Aerostructures Market by Material
10.2.6.1.3 Germany Aircraft Aerostructures Market by Platform
10.2.6.2 France Aircraft Aerostructures Market
10.2.6.2.1 France Aircraft Aerostructures Market by Component
10.2.6.2.2 France Aircraft Aerostructures Market by Material
10.2.6.2.3 France Aircraft Aerostructures Market by Platform
10.2.6.3 Italy Aircraft Aerostructures Market
10.2.6.3.1 Italy Aircraft Aerostructures Market by Component
10.2.6.3.2 Italy Aircraft Aerostructures Market by Material
10.2.6.3.3 Italy Aircraft Aerostructures Market by Platform
10.2.6.4 United Kingdom Aircraft Aerostructures Market
10.2.6.4.1 United Kingdom Aircraft Aerostructures Market by Component
10.2.6.4.2 United Kingdom Aircraft Aerostructures Market by Material
10.2.6.4.3 United Kingdom Aircraft Aerostructures Market by Platform
10.2.6.5 Russia Aircraft Aerostructures Market
10.2.6.5.1 Russia Aircraft Aerostructures Market by Component
10.2.6.5.2 Russia Aircraft Aerostructures Market by Material
10.2.6.5.3 Russia Aircraft Aerostructures Market by Platform
10.2.6.6 Rest of Europe Aircraft Aerostructures Market
10.2.6.6.1 Rest of Europe Aircraft Aerostructures Market by Component
10.2.6.6.2 Rest of Europe Aircraft Aerostructures Market by Material
10.2.6.6.3 Rest of Europe Aircraft Aerostructures Market by Platform
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Aircraft Aerostructures Market Overview
10.3.2 Asia-Pacific Aircraft Aerostructures Market Forecasts and Analysis
10.3.3 Asia-Pacific Aircraft Aerostructures Market Forecasts and Analysis - By Component
10.3.4 Asia-Pacific Aircraft Aerostructures Market Forecasts and Analysis - By Material
10.3.5 Asia-Pacific Aircraft Aerostructures Market Forecasts and Analysis - By Platform
10.3.6 Asia-Pacific Aircraft Aerostructures Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Aircraft Aerostructures Market
10.3.6.1.1 Australia Aircraft Aerostructures Market by Component
10.3.6.1.2 Australia Aircraft Aerostructures Market by Material
10.3.6.1.3 Australia Aircraft Aerostructures Market by Platform
10.3.6.2 China Aircraft Aerostructures Market
10.3.6.2.1 China Aircraft Aerostructures Market by Component
10.3.6.2.2 China Aircraft Aerostructures Market by Material
10.3.6.2.3 China Aircraft Aerostructures Market by Platform
10.3.6.3 India Aircraft Aerostructures Market
10.3.6.3.1 India Aircraft Aerostructures Market by Component
10.3.6.3.2 India Aircraft Aerostructures Market by Material
10.3.6.3.3 India Aircraft Aerostructures Market by Platform
10.3.6.4 Japan Aircraft Aerostructures Market
10.3.6.4.1 Japan Aircraft Aerostructures Market by Component
10.3.6.4.2 Japan Aircraft Aerostructures Market by Material
10.3.6.4.3 Japan Aircraft Aerostructures Market by Platform
10.3.6.5 South Korea Aircraft Aerostructures Market
10.3.6.5.1 South Korea Aircraft Aerostructures Market by Component
10.3.6.5.2 South Korea Aircraft Aerostructures Market by Material
10.3.6.5.3 South Korea Aircraft Aerostructures Market by Platform
10.3.6.6 Rest of Asia-Pacific Aircraft Aerostructures Market
10.3.6.6.1 Rest of Asia-Pacific Aircraft Aerostructures Market by Component
10.3.6.6.2 Rest of Asia-Pacific Aircraft Aerostructures Market by Material
10.3.6.6.3 Rest of Asia-Pacific Aircraft Aerostructures Market by Platform
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Aircraft Aerostructures Market Overview
10.4.2 Middle East and Africa Aircraft Aerostructures Market Forecasts and Analysis
10.4.3 Middle East and Africa Aircraft Aerostructures Market Forecasts and Analysis - By Component
10.4.4 Middle East and Africa Aircraft Aerostructures Market Forecasts and Analysis - By Material
10.4.5 Middle East and Africa Aircraft Aerostructures Market Forecasts and Analysis - By Platform
10.4.6 Middle East and Africa Aircraft Aerostructures Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Aircraft Aerostructures Market
10.4.6.1.1 South Africa Aircraft Aerostructures Market by Component
10.4.6.1.2 South Africa Aircraft Aerostructures Market by Material
10.4.6.1.3 South Africa Aircraft Aerostructures Market by Platform
10.4.6.2 Saudi Arabia Aircraft Aerostructures Market
10.4.6.2.1 Saudi Arabia Aircraft Aerostructures Market by Component
10.4.6.2.2 Saudi Arabia Aircraft Aerostructures Market by Material
10.4.6.2.3 Saudi Arabia Aircraft Aerostructures Market by Platform
10.4.6.3 U.A.E Aircraft Aerostructures Market
10.4.6.3.1 U.A.E Aircraft Aerostructures Market by Component
10.4.6.3.2 U.A.E Aircraft Aerostructures Market by Material
10.4.6.3.3 U.A.E Aircraft Aerostructures Market by Platform
10.4.6.4 Rest of Middle East and Africa Aircraft Aerostructures Market
10.4.6.4.1 Rest of Middle East and Africa Aircraft Aerostructures Market by Component
10.4.6.4.2 Rest of Middle East and Africa Aircraft Aerostructures Market by Material
10.4.6.4.3 Rest of Middle East and Africa Aircraft Aerostructures Market by Platform
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Aircraft Aerostructures Market Overview
10.5.2 South and Central America Aircraft Aerostructures Market Forecasts and Analysis
10.5.3 South and Central America Aircraft Aerostructures Market Forecasts and Analysis - By Component
10.5.4 South and Central America Aircraft Aerostructures Market Forecasts and Analysis - By Material
10.5.5 South and Central America Aircraft Aerostructures Market Forecasts and Analysis - By Platform
10.5.6 South and Central America Aircraft Aerostructures Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Aircraft Aerostructures Market
10.5.6.1.1 Brazil Aircraft Aerostructures Market by Component
10.5.6.1.2 Brazil Aircraft Aerostructures Market by Material
10.5.6.1.3 Brazil Aircraft Aerostructures Market by Platform
10.5.6.2 Argentina Aircraft Aerostructures Market
10.5.6.2.1 Argentina Aircraft Aerostructures Market by Component
10.5.6.2.2 Argentina Aircraft Aerostructures Market by Material
10.5.6.2.3 Argentina Aircraft Aerostructures Market by Platform
10.5.6.3 Rest of South and Central America Aircraft Aerostructures Market
10.5.6.3.1 Rest of South and Central America Aircraft Aerostructures Market by Component
10.5.6.3.2 Rest of South and Central America Aircraft Aerostructures Market by Material
10.5.6.3.3 Rest of South and Central America Aircraft Aerostructures Market by Platform
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. AIRCRAFT AEROSTRUCTURES MARKET, KEY COMPANY PROFILES
12.1. GKN PLC
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. KAWASAKI HEAVY INDUSTRIES LTD
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. LEONARDO SPA
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. MITSUBISHI AIRCRAFT 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. PREMIUM AEROTECH GMBH
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. SAFRAN SA
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. SPIRIT AEROSYSTEMS INC.
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. STELIA AEROSPACE S.A.S.
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. TRIUMPH GROUP
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. UTC AEROSPACE SYSTEMS
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.GKN PLC
2.Kawasaki Heavy Industries Ltd
3.Leonardo SPA
4.Mitsubishi Aircraft Corporation
5.Premium Aerotech GmbH
6.Safran SA
7.Spirit AeroSystems Inc.
8.STELIA Aerospace S.A.S.
9.Triumph Group
10.UTC Aerospace Systems
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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