Aircraft Cockpit Control Panels Market Insights and Growth by 2031
Aircraft cockpit control panel includes an integrated system of wires, connectors, switches, and many other electronic components, acting as a commanding centre of the aircraft. The control panel helps in the control of speed, altitude, vertical speed, vertical navigation, lateral navigation, AC temperature and lighting of the aircraft. The advancement in electronic components technology and rise in number of aircraft in commercial fleet is driving the growth of the market.
MARKET SCOPE
The "Global Aircraft Cockpit Control Panels Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Aircraft Cockpit Control Panels market with detailed market segmentation by component, application, platform type, and geography. The global Aircraft Cockpit Control Panels market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Aircraft Cockpit Control Panels market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global Aircraft Cockpit Control Panels market is segmented into connectors, embedded wiring, lamps, LEDs, indicators, other.
- On the basis of application, the market is segmented into lighting control and illuminated panel, control and switch panel, audio control panel, and others.
- Based on platform type, the market is segmented into commercial aircraft, business jets, military aircraft, helicopter.
MARKET DYNAMICS
Drivers:
- Rising requirement of pilot-friendly Aircraft Cockpit control panels
- Integration of advanced technologies and manufacturing techniques in Aircraft Cockpit Control Panels
- Development of new aircraft and replacement of control panels in existing ones
Restraints:
- Saturated technology of existing Aircraft Cockpit Control Panels
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Aircraft Cockpit Control Panels market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyses factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Aircraft Cockpit Control Panels market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT COCKPIT CONTROL PANELS MARKET
The COVID-19 pandemic created a substantial negative impact on the global aviation industry due to the drastic fall in aircraft production. Major aircraft manufacturers, such as Boeing and Airbus, reduced their production forecasts by 50%. For instance, the total airlines' industry revenues dropped by 40% to $328 billion in 2021 due to the declining demand for air travel and wide-scale flight cancellation. Air cargo traffic levels contracted during the pandemic's peak due to weak global trade growth and capacity limitations. However, near-term cargo air traffic has begun to recover and creates a good market for Aircraft Cockpit Control Panels in the long term. In addition to the near-term impact, the global aviation industry implements longer-term strategies involving reduced capacity, shifting route patterns, and mitigation strategies related to the effects of COVID-19. Moreover, the requirement of Aircraft Cockpit Control Panels in the military aviation sector creates a stable demand in the market and is expected to stabilize the position of major players.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Aircraft Cockpit Control Panels market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyses factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Aircraft Cockpit Control Panels market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT COCKPIT CONTROL PANELS MARKET
The COVID-19 pandemic created a substantial negative impact on the global aviation industry due to the drastic fall in aircraft production. Major aircraft manufacturers, such as Boeing and Airbus, reduced their production forecasts by 50%. For instance, the total airlines' industry revenues dropped by 40% to $328 billion in 2021 due to the declining demand for air travel and wide-scale flight cancellation. Air cargo traffic levels contracted during the pandemic's peak due to weak global trade growth and capacity limitations. However, near-term cargo air traffic has begun to recover and creates a good market for Aircraft Cockpit Control Panels in the long term. In addition to the near-term impact, the global aviation industry implements longer-term strategies involving reduced capacity, shifting route patterns, and mitigation strategies related to the effects of COVID-19. Moreover, the requirement of Aircraft Cockpit Control Panels in the military aviation sector creates a stable demand in the market and is expected to stabilize the position of major players.
MARKET PLAYERS
The report covers key developments in the Aircraft Cockpit Control Panels market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership and collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Aircraft Cockpit Control Panels market are anticipated to lucrative growth opportunities in the future with the rising demand for Aircraft Cockpit Control Panels in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Aircraft Cockpit Control Panels market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- 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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Aircraft Cockpit Control Panels Market - By Component
1.3.2 Aircraft Cockpit Control Panels Market - By Application
1.3.3 Aircraft Cockpit Control Panels Market - By Platform Type
1.3.4 Aircraft Cockpit Control Panels Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AIRCRAFT COCKPIT CONTROL PANELS 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 COCKPIT CONTROL PANELS 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 COCKPIT CONTROL PANELS MARKET - GLOBAL MARKET ANALYSIS
6.1. AIRCRAFT COCKPIT CONTROL PANELS - GLOBAL MARKET OVERVIEW
6.2. AIRCRAFT COCKPIT CONTROL PANELS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. AIRCRAFT COCKPIT CONTROL PANELS MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. CONNECTORS
7.3.1. Overview
7.3.2. Connectors Market Forecast and Analysis
7.4. EMBEDDED WIRING
7.4.1. Overview
7.4.2. Embedded Wiring Market Forecast and Analysis
7.5. LAMPS
7.5.1. Overview
7.5.2. Lamps Market Forecast and Analysis
7.6. LEDS
7.6.1. Overview
7.6.2. LEDs Market Forecast and Analysis
7.7. INDICATORS
7.7.1. Overview
7.7.2. Indicators Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. AIRCRAFT COCKPIT CONTROL PANELS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. LIGHTING CONTROL AND ILLUMINATED PANEL
8.3.1. Overview
8.3.2. Lighting Control and Illuminated Panel Market Forecast and Analysis
8.4. CONTROL AND SWITCH PANEL
8.4.1. Overview
8.4.2. Control and Switch Panel Market Forecast and Analysis
8.5. AUDIO CONTROL PANEL
8.5.1. Overview
8.5.2. Audio Control Panel Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. AIRCRAFT COCKPIT CONTROL PANELS MARKET - REVENUE AND FORECASTS TO 2028 - PLATFORM TYPE
9.1. OVERVIEW
9.2. PLATFORM TYPE MARKET FORECASTS AND ANALYSIS
9.3. COMMERCIAL AIRCRAFT
9.3.1. Overview
9.3.2. Commercial Aircraft Market Forecast and Analysis
9.4. BUSINESS JETS
9.4.1. Overview
9.4.2. Business Jets Market Forecast and Analysis
9.5. MILITARY AIRCRAFT
9.5.1. Overview
9.5.2. Military Aircraft Market Forecast and Analysis
9.6. HELICOPTER
9.6.1. Overview
9.6.2. Helicopter Market Forecast and Analysis
10. AIRCRAFT COCKPIT CONTROL PANELS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Aircraft Cockpit Control Panels Market Overview
10.1.2 North America Aircraft Cockpit Control Panels Market Forecasts and Analysis
10.1.3 North America Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Component
10.1.4 North America Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Application
10.1.5 North America Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Platform Type
10.1.6 North America Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Countries
10.1.6.1 United States Aircraft Cockpit Control Panels Market
10.1.6.1.1 United States Aircraft Cockpit Control Panels Market by Component
10.1.6.1.2 United States Aircraft Cockpit Control Panels Market by Application
10.1.6.1.3 United States Aircraft Cockpit Control Panels Market by Platform Type
10.1.6.2 Canada Aircraft Cockpit Control Panels Market
10.1.6.2.1 Canada Aircraft Cockpit Control Panels Market by Component
10.1.6.2.2 Canada Aircraft Cockpit Control Panels Market by Application
10.1.6.2.3 Canada Aircraft Cockpit Control Panels Market by Platform Type
10.1.6.3 Mexico Aircraft Cockpit Control Panels Market
10.1.6.3.1 Mexico Aircraft Cockpit Control Panels Market by Component
10.1.6.3.2 Mexico Aircraft Cockpit Control Panels Market by Application
10.1.6.3.3 Mexico Aircraft Cockpit Control Panels Market by Platform Type
10.2. EUROPE
10.2.1 Europe Aircraft Cockpit Control Panels Market Overview
10.2.2 Europe Aircraft Cockpit Control Panels Market Forecasts and Analysis
10.2.3 Europe Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Component
10.2.4 Europe Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Application
10.2.5 Europe Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Platform Type
10.2.6 Europe Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Aircraft Cockpit Control Panels Market
10.2.6.1.1 Germany Aircraft Cockpit Control Panels Market by Component
10.2.6.1.2 Germany Aircraft Cockpit Control Panels Market by Application
10.2.6.1.3 Germany Aircraft Cockpit Control Panels Market by Platform Type
10.2.6.2 France Aircraft Cockpit Control Panels Market
10.2.6.2.1 France Aircraft Cockpit Control Panels Market by Component
10.2.6.2.2 France Aircraft Cockpit Control Panels Market by Application
10.2.6.2.3 France Aircraft Cockpit Control Panels Market by Platform Type
10.2.6.3 Italy Aircraft Cockpit Control Panels Market
10.2.6.3.1 Italy Aircraft Cockpit Control Panels Market by Component
10.2.6.3.2 Italy Aircraft Cockpit Control Panels Market by Application
10.2.6.3.3 Italy Aircraft Cockpit Control Panels Market by Platform Type
10.2.6.4 United Kingdom Aircraft Cockpit Control Panels Market
10.2.6.4.1 United Kingdom Aircraft Cockpit Control Panels Market by Component
10.2.6.4.2 United Kingdom Aircraft Cockpit Control Panels Market by Application
10.2.6.4.3 United Kingdom Aircraft Cockpit Control Panels Market by Platform Type
10.2.6.5 Russia Aircraft Cockpit Control Panels Market
10.2.6.5.1 Russia Aircraft Cockpit Control Panels Market by Component
10.2.6.5.2 Russia Aircraft Cockpit Control Panels Market by Application
10.2.6.5.3 Russia Aircraft Cockpit Control Panels Market by Platform Type
10.2.6.6 Rest of Europe Aircraft Cockpit Control Panels Market
10.2.6.6.1 Rest of Europe Aircraft Cockpit Control Panels Market by Component
10.2.6.6.2 Rest of Europe Aircraft Cockpit Control Panels Market by Application
10.2.6.6.3 Rest of Europe Aircraft Cockpit Control Panels Market by Platform Type
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Aircraft Cockpit Control Panels Market Overview
10.3.2 Asia-Pacific Aircraft Cockpit Control Panels Market Forecasts and Analysis
10.3.3 Asia-Pacific Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Component
10.3.4 Asia-Pacific Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Platform Type
10.3.6 Asia-Pacific Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Aircraft Cockpit Control Panels Market
10.3.6.1.1 Australia Aircraft Cockpit Control Panels Market by Component
10.3.6.1.2 Australia Aircraft Cockpit Control Panels Market by Application
10.3.6.1.3 Australia Aircraft Cockpit Control Panels Market by Platform Type
10.3.6.2 China Aircraft Cockpit Control Panels Market
10.3.6.2.1 China Aircraft Cockpit Control Panels Market by Component
10.3.6.2.2 China Aircraft Cockpit Control Panels Market by Application
10.3.6.2.3 China Aircraft Cockpit Control Panels Market by Platform Type
10.3.6.3 India Aircraft Cockpit Control Panels Market
10.3.6.3.1 India Aircraft Cockpit Control Panels Market by Component
10.3.6.3.2 India Aircraft Cockpit Control Panels Market by Application
10.3.6.3.3 India Aircraft Cockpit Control Panels Market by Platform Type
10.3.6.4 Japan Aircraft Cockpit Control Panels Market
10.3.6.4.1 Japan Aircraft Cockpit Control Panels Market by Component
10.3.6.4.2 Japan Aircraft Cockpit Control Panels Market by Application
10.3.6.4.3 Japan Aircraft Cockpit Control Panels Market by Platform Type
10.3.6.5 South Korea Aircraft Cockpit Control Panels Market
10.3.6.5.1 South Korea Aircraft Cockpit Control Panels Market by Component
10.3.6.5.2 South Korea Aircraft Cockpit Control Panels Market by Application
10.3.6.5.3 South Korea Aircraft Cockpit Control Panels Market by Platform Type
10.3.6.6 Rest of Asia-Pacific Aircraft Cockpit Control Panels Market
10.3.6.6.1 Rest of Asia-Pacific Aircraft Cockpit Control Panels Market by Component
10.3.6.6.2 Rest of Asia-Pacific Aircraft Cockpit Control Panels Market by Application
10.3.6.6.3 Rest of Asia-Pacific Aircraft Cockpit Control Panels Market by Platform Type
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Aircraft Cockpit Control Panels Market Overview
10.4.2 Middle East and Africa Aircraft Cockpit Control Panels Market Forecasts and Analysis
10.4.3 Middle East and Africa Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Component
10.4.4 Middle East and Africa Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Platform Type
10.4.6 Middle East and Africa Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Aircraft Cockpit Control Panels Market
10.4.6.1.1 South Africa Aircraft Cockpit Control Panels Market by Component
10.4.6.1.2 South Africa Aircraft Cockpit Control Panels Market by Application
10.4.6.1.3 South Africa Aircraft Cockpit Control Panels Market by Platform Type
10.4.6.2 Saudi Arabia Aircraft Cockpit Control Panels Market
10.4.6.2.1 Saudi Arabia Aircraft Cockpit Control Panels Market by Component
10.4.6.2.2 Saudi Arabia Aircraft Cockpit Control Panels Market by Application
10.4.6.2.3 Saudi Arabia Aircraft Cockpit Control Panels Market by Platform Type
10.4.6.3 U.A.E Aircraft Cockpit Control Panels Market
10.4.6.3.1 U.A.E Aircraft Cockpit Control Panels Market by Component
10.4.6.3.2 U.A.E Aircraft Cockpit Control Panels Market by Application
10.4.6.3.3 U.A.E Aircraft Cockpit Control Panels Market by Platform Type
10.4.6.4 Rest of Middle East and Africa Aircraft Cockpit Control Panels Market
10.4.6.4.1 Rest of Middle East and Africa Aircraft Cockpit Control Panels Market by Component
10.4.6.4.2 Rest of Middle East and Africa Aircraft Cockpit Control Panels Market by Application
10.4.6.4.3 Rest of Middle East and Africa Aircraft Cockpit Control Panels Market by Platform Type
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Aircraft Cockpit Control Panels Market Overview
10.5.2 South and Central America Aircraft Cockpit Control Panels Market Forecasts and Analysis
10.5.3 South and Central America Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Component
10.5.4 South and Central America Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Application
10.5.5 South and Central America Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Platform Type
10.5.6 South and Central America Aircraft Cockpit Control Panels Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Aircraft Cockpit Control Panels Market
10.5.6.1.1 Brazil Aircraft Cockpit Control Panels Market by Component
10.5.6.1.2 Brazil Aircraft Cockpit Control Panels Market by Application
10.5.6.1.3 Brazil Aircraft Cockpit Control Panels Market by Platform Type
10.5.6.2 Argentina Aircraft Cockpit Control Panels Market
10.5.6.2.1 Argentina Aircraft Cockpit Control Panels Market by Component
10.5.6.2.2 Argentina Aircraft Cockpit Control Panels Market by Application
10.5.6.2.3 Argentina Aircraft Cockpit Control Panels Market by Platform Type
10.5.6.3 Rest of South and Central America Aircraft Cockpit Control Panels Market
10.5.6.3.1 Rest of South and Central America Aircraft Cockpit Control Panels Market by Component
10.5.6.3.2 Rest of South and Central America Aircraft Cockpit Control Panels Market by Application
10.5.6.3.3 Rest of South and Central America Aircraft Cockpit Control Panels Market by Platform Type
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 COCKPIT CONTROL PANELS MARKET, KEY COMPANY PROFILES
12.1. RAYTHEON TECHNOLOGIES
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. HONEYWELL INTERNATIONAL 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. GROUPE LATECOERE
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. ASTRONICS 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. THALES GROUP
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. FIRAN TECHNOLOGY GROUP CORP. (FTG)
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. EDN AVIATION 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. SKALARKI ELECTRONICS LTD.
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. SAFRAN S.A.
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. DART AEROSPACE
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.Raytheon Technologies
2.Honeywell International Inc.
3.Groupe Latecoere
4.Astronics Corporation
5.Thales Group
6.Firan Technology Group Corp. (FTG)
7.EDN Aviation Inc.
8.SKALARKI electronics Ltd.
9.Safran S.A.
10.Dart Aerospace
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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