Aircraft Carrier Market Trends, Size, Analysis, Players 2021-2031
The Aircraft Carrier Market is expected to register a CAGR of 5.2% 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 (Amphibious Assault Ship, Helicopter Carrier, Fleet Carrier). The report further presents analysis based on the Technology (Conventional Powered, Nuclear Powered). The report further presents analysis based on the Configuration (Catapult-assisted Take-off Barrier Arrested-recovery (CATOBAR), Short Take-off but Arrested Recovery (STOBAR), Short Take-off but Vertical Recovery (STOVL)). 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 Carrier 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 Carrier Market Segmentation
Type- Amphibious Assault Ship
- Helicopter Carrier
- Fleet Carrier
- Conventional Powered
- Nuclear Powered
- Catapult-assisted Take-off Barrier Arrested-recovery
- Short Take-off but Arrested Recovery
- Short Take-off but Vertical Recovery
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Aircraft Carrier Market Growth Drivers- Improvement in Maritime Security: At the top of the list is improvement in maritime security. Presently, many countries are focusing on maritime security and making significant investments in such advanced naval capabilities to protect their interests and ensure security in international waters. Thus, the demand for aircraft carriers is increasing very fast.
- Geopolitical Tensions: The improvement of geopolitical tensions and conflicts in different regions instigate nations to upgrade their military power. This encompasses aircraft carriers, which play a crucial role in naval power projection.
- Integration of Advanced Technologies: The aircraft carrier market also provides a good opportunity for innovation through the integration of advanced technologies, such as unmanned aerial vehicles, improved radar systems, and enhanced propulsion systems. Such developments will result in operational carriers that are more efficient and better capable.
- Emerging Markets: More and more developing nations show interest in building up their naval capabilities. This brings in new markets for manufacturers. In Asian and Middle East countries, there is a growing interest in building or modernizing their naval fleets, mostly aircraft carriers.
- Latest Developments in the Aircraft Carrier Market: The design of reducing multi-role aircraft carriers that can operate in any environment and can prove relatively cost-effective while retaining full operational ability is expected to be the key trend in the aircraft carrier market.
- Increased Collaboration and Partnerships: Higher collaboration between the nations and defense contractors is being felt in the aircraft carrier market as collaboration between those entities grows. Countries have grown more interested in bringing down the cost and risks associated with the advancement in naval platforms and, subsequently, are partnering up for collaboration.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Aircraft Carrier 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 Carrier 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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- 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
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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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to country scope.
Frequently Asked Questions
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.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Latest Developments in the Aircraft Carrier Market and Increased Collaboration and Partnerships are the key future trends of the Aircraft Carrier Market
The leading players operating in the Aircraft Carrier Market include Northrop Grumman Corporation, Huntington Ingalls Industries Inc, General Atomics, BAE Systems, Lockheed Martin Corporation, Babcock International Group PLC, Thales Group, Leonardo SpA, FINCANTIERI SpA, Wincanton plc
The Aircraft Carrier Market is estimated to witness a CAGR of 5.2% from 2023 to 2031
The major factors driving the Aircraft Carrier Market are: Improvement in Maritime Security and Rising Geopolitical Tensions Rising the Demand for Aircraft Carriers
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Aircraft Carrier Market - By Type
1.3.2 Aircraft Carrier Market - By Technology
1.3.3 Aircraft Carrier Market - By Configuration
1.3.4 Aircraft Carrier Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AIRCRAFT CARRIER 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 CARRIER 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. AIRCRAFT CARRIER MARKET - GLOBAL MARKET ANALYSIS
6.1. AIRCRAFT CARRIER - GLOBAL MARKET OVERVIEW
6.2. AIRCRAFT CARRIER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. AIRCRAFT CARRIER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. AMPHIBIOUS ASSAULT SHIP
7.3.1. Overview
7.3.2. Amphibious Assault Ship Market Forecast and Analysis
7.4. HELICOPTER CARRIER
7.4.1. Overview
7.4.2. Helicopter Carrier Market Forecast and Analysis
7.5. FLEET CARRIER
7.5.1. Overview
7.5.2. Fleet Carrier Market Forecast and Analysis
8. AIRCRAFT CARRIER MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. CONVENTIONAL POWERED
8.3.1. Overview
8.3.2. Conventional Powered Market Forecast and Analysis
8.4. NUCLEAR POWERED
8.4.1. Overview
8.4.2. Nuclear Powered Market Forecast and Analysis
9. AIRCRAFT CARRIER MARKET - REVENUE AND FORECASTS TO 2028 - CONFIGURATION
9.1. OVERVIEW
9.2. CONFIGURATION MARKET FORECASTS AND ANALYSIS
9.3. CATAPULT-ASSISTED TAKE-OFF BARRIER ARRESTED-RECOVERY (CATOBAR)
9.3.1. Overview
9.3.2. Catapult-assisted Take-off Barrier Arrested-recovery (CATOBAR) Market Forecast and Analysis
9.4. SHORT TAKE-OFF BUT ARRESTED RECOVERY (STOBAR)
9.4.1. Overview
9.4.2. Short Take-off but Arrested Recovery (STOBAR) Market Forecast and Analysis
9.5. SHORT TAKE-OFF BUT VERTICAL RECOVERY (STOVL)
9.5.1. Overview
9.5.2. Short Take-off but Vertical Recovery (STOVL) Market Forecast and Analysis
10. AIRCRAFT CARRIER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Aircraft Carrier Market Overview
10.1.2 North America Aircraft Carrier Market Forecasts and Analysis
10.1.3 North America Aircraft Carrier Market Forecasts and Analysis - By Type
10.1.4 North America Aircraft Carrier Market Forecasts and Analysis - By Technology
10.1.5 North America Aircraft Carrier Market Forecasts and Analysis - By Configuration
10.1.6 North America Aircraft Carrier Market Forecasts and Analysis - By Countries
10.1.6.1 United States Aircraft Carrier Market
10.1.6.1.1 United States Aircraft Carrier Market by Type
10.1.6.1.2 United States Aircraft Carrier Market by Technology
10.1.6.1.3 United States Aircraft Carrier Market by Configuration
10.1.6.2 Canada Aircraft Carrier Market
10.1.6.2.1 Canada Aircraft Carrier Market by Type
10.1.6.2.2 Canada Aircraft Carrier Market by Technology
10.1.6.2.3 Canada Aircraft Carrier Market by Configuration
10.1.6.3 Mexico Aircraft Carrier Market
10.1.6.3.1 Mexico Aircraft Carrier Market by Type
10.1.6.3.2 Mexico Aircraft Carrier Market by Technology
10.1.6.3.3 Mexico Aircraft Carrier Market by Configuration
10.2. EUROPE
10.2.1 Europe Aircraft Carrier Market Overview
10.2.2 Europe Aircraft Carrier Market Forecasts and Analysis
10.2.3 Europe Aircraft Carrier Market Forecasts and Analysis - By Type
10.2.4 Europe Aircraft Carrier Market Forecasts and Analysis - By Technology
10.2.5 Europe Aircraft Carrier Market Forecasts and Analysis - By Configuration
10.2.6 Europe Aircraft Carrier Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Aircraft Carrier Market
10.2.6.1.1 Germany Aircraft Carrier Market by Type
10.2.6.1.2 Germany Aircraft Carrier Market by Technology
10.2.6.1.3 Germany Aircraft Carrier Market by Configuration
10.2.6.2 France Aircraft Carrier Market
10.2.6.2.1 France Aircraft Carrier Market by Type
10.2.6.2.2 France Aircraft Carrier Market by Technology
10.2.6.2.3 France Aircraft Carrier Market by Configuration
10.2.6.3 Italy Aircraft Carrier Market
10.2.6.3.1 Italy Aircraft Carrier Market by Type
10.2.6.3.2 Italy Aircraft Carrier Market by Technology
10.2.6.3.3 Italy Aircraft Carrier Market by Configuration
10.2.6.4 United Kingdom Aircraft Carrier Market
10.2.6.4.1 United Kingdom Aircraft Carrier Market by Type
10.2.6.4.2 United Kingdom Aircraft Carrier Market by Technology
10.2.6.4.3 United Kingdom Aircraft Carrier Market by Configuration
10.2.6.5 Russia Aircraft Carrier Market
10.2.6.5.1 Russia Aircraft Carrier Market by Type
10.2.6.5.2 Russia Aircraft Carrier Market by Technology
10.2.6.5.3 Russia Aircraft Carrier Market by Configuration
10.2.6.6 Rest of Europe Aircraft Carrier Market
10.2.6.6.1 Rest of Europe Aircraft Carrier Market by Type
10.2.6.6.2 Rest of Europe Aircraft Carrier Market by Technology
10.2.6.6.3 Rest of Europe Aircraft Carrier Market by Configuration
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Aircraft Carrier Market Overview
10.3.2 Asia-Pacific Aircraft Carrier Market Forecasts and Analysis
10.3.3 Asia-Pacific Aircraft Carrier Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Aircraft Carrier Market Forecasts and Analysis - By Technology
10.3.5 Asia-Pacific Aircraft Carrier Market Forecasts and Analysis - By Configuration
10.3.6 Asia-Pacific Aircraft Carrier Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Aircraft Carrier Market
10.3.6.1.1 Australia Aircraft Carrier Market by Type
10.3.6.1.2 Australia Aircraft Carrier Market by Technology
10.3.6.1.3 Australia Aircraft Carrier Market by Configuration
10.3.6.2 China Aircraft Carrier Market
10.3.6.2.1 China Aircraft Carrier Market by Type
10.3.6.2.2 China Aircraft Carrier Market by Technology
10.3.6.2.3 China Aircraft Carrier Market by Configuration
10.3.6.3 India Aircraft Carrier Market
10.3.6.3.1 India Aircraft Carrier Market by Type
10.3.6.3.2 India Aircraft Carrier Market by Technology
10.3.6.3.3 India Aircraft Carrier Market by Configuration
10.3.6.4 Japan Aircraft Carrier Market
10.3.6.4.1 Japan Aircraft Carrier Market by Type
10.3.6.4.2 Japan Aircraft Carrier Market by Technology
10.3.6.4.3 Japan Aircraft Carrier Market by Configuration
10.3.6.5 South Korea Aircraft Carrier Market
10.3.6.5.1 South Korea Aircraft Carrier Market by Type
10.3.6.5.2 South Korea Aircraft Carrier Market by Technology
10.3.6.5.3 South Korea Aircraft Carrier Market by Configuration
10.3.6.6 Rest of Asia-Pacific Aircraft Carrier Market
10.3.6.6.1 Rest of Asia-Pacific Aircraft Carrier Market by Type
10.3.6.6.2 Rest of Asia-Pacific Aircraft Carrier Market by Technology
10.3.6.6.3 Rest of Asia-Pacific Aircraft Carrier Market by Configuration
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Aircraft Carrier Market Overview
10.4.2 Middle East and Africa Aircraft Carrier Market Forecasts and Analysis
10.4.3 Middle East and Africa Aircraft Carrier Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Aircraft Carrier Market Forecasts and Analysis - By Technology
10.4.5 Middle East and Africa Aircraft Carrier Market Forecasts and Analysis - By Configuration
10.4.6 Middle East and Africa Aircraft Carrier Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Aircraft Carrier Market
10.4.6.1.1 South Africa Aircraft Carrier Market by Type
10.4.6.1.2 South Africa Aircraft Carrier Market by Technology
10.4.6.1.3 South Africa Aircraft Carrier Market by Configuration
10.4.6.2 Saudi Arabia Aircraft Carrier Market
10.4.6.2.1 Saudi Arabia Aircraft Carrier Market by Type
10.4.6.2.2 Saudi Arabia Aircraft Carrier Market by Technology
10.4.6.2.3 Saudi Arabia Aircraft Carrier Market by Configuration
10.4.6.3 U.A.E Aircraft Carrier Market
10.4.6.3.1 U.A.E Aircraft Carrier Market by Type
10.4.6.3.2 U.A.E Aircraft Carrier Market by Technology
10.4.6.3.3 U.A.E Aircraft Carrier Market by Configuration
10.4.6.4 Rest of Middle East and Africa Aircraft Carrier Market
10.4.6.4.1 Rest of Middle East and Africa Aircraft Carrier Market by Type
10.4.6.4.2 Rest of Middle East and Africa Aircraft Carrier Market by Technology
10.4.6.4.3 Rest of Middle East and Africa Aircraft Carrier Market by Configuration
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Aircraft Carrier Market Overview
10.5.2 South and Central America Aircraft Carrier Market Forecasts and Analysis
10.5.3 South and Central America Aircraft Carrier Market Forecasts and Analysis - By Type
10.5.4 South and Central America Aircraft Carrier Market Forecasts and Analysis - By Technology
10.5.5 South and Central America Aircraft Carrier Market Forecasts and Analysis - By Configuration
10.5.6 South and Central America Aircraft Carrier Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Aircraft Carrier Market
10.5.6.1.1 Brazil Aircraft Carrier Market by Type
10.5.6.1.2 Brazil Aircraft Carrier Market by Technology
10.5.6.1.3 Brazil Aircraft Carrier Market by Configuration
10.5.6.2 Argentina Aircraft Carrier Market
10.5.6.2.1 Argentina Aircraft Carrier Market by Type
10.5.6.2.2 Argentina Aircraft Carrier Market by Technology
10.5.6.2.3 Argentina Aircraft Carrier Market by Configuration
10.5.6.3 Rest of South and Central America Aircraft Carrier Market
10.5.6.3.1 Rest of South and Central America Aircraft Carrier Market by Type
10.5.6.3.2 Rest of South and Central America Aircraft Carrier Market by Technology
10.5.6.3.3 Rest of South and Central America Aircraft Carrier Market by Configuration
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 CARRIER MARKET, KEY COMPANY PROFILES
12.1. LOCKHEED MARTIN 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
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. NAVAL GROUP
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. GENERAL ATOMICS
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. HUNTINGTON INGALLS INDUSTRIES 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. BABCOCK INTERNATIONAL GROUP PLC
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. THALES GROUP
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. FINCANTIERI S.P.A
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. LEONARDO SPA
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. NAVANTIA
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. Lockheed Martin Corporation
2. BAE Systems
3. Naval Group
4. General Atomics
5. Huntington Ingalls Industries Inc.
6. Babcock International Group PLC
7. Thales Group
8. FINCANTIERI S.p.A
9. Leonardo SpA
10. Navantia
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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