Aircraft Electrical System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The aircraft electrical system is a self-contained network of components that generate, transmit, distribute, utilize, and store electrical energy. In recent years, the aviation industry has undergone tremendous changes such as no-bleed systems aircraft architecture and development of hybrid and electric propulsion systems. Moreover, the growing trend towards developing electrical components for optimum performance is expected to boost the aircraft electrical system market. Key industry players are coming up with advanced solutions and offering innovative electrical systems to the aircraft manufacturers.
MARKET DYNAMICS
The aircraft electrical system market is anticipated to grow rapidly in the forecast period owing to growth of the commercial aviation sector and advancements in the electrical systems. Besides, optimized performance resulting from using more electric technology is further propelling the growth of the aircraft electrical system market. However, power efficiency is a significant challenge faced by the aircraft electrical system market during the forecast period. Meanwhile, lightweight wiring systems and other technological advancements are expected to create symbolic opportunities for market players in the coming years.
MARKET SCOPE
The "Global Aircraft Electrical System Market Analysis to 2028" 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 electrical system market with detailed market segmentation by system, components, application, fit-type, platform, and geography. The global aircraft electrical system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aircraft electrical system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global aircraft electrical system market is segmented on the basis of system, components, application, fit-type, and platform. By system, the market is segmented as power generation, power distribution, power conversion, and energy storage. Based on components, the market is segmented as generators, conversion devices, distribution devices, battery management systems, and others. On the basis of the application, the market is segmented as power generation management, flight control & operation, cabin system, configuration management, and air pressurization & conditioning. By fit-type, the market is segmented into line fit and retro-fit. The market on the basis of the platform is classified as commercial aviation and military aviation.
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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 aircraft electrical system market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The aircraft electrical system 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 analyzes factors affecting aircraft electrical system 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 Porter's five force 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
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global aircraft electrical system market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The aircraft electrical system 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 analyzes factors affecting aircraft electrical system 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 Porter's five force Analysis.
MARKET PLAYERS
The reports cover key developments in the aircraft electrical system 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 & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from aircraft electrical system market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft electrical system in the global market. Below mentioned is the list of few companies engaged in the aircraft electrical system market.
The report also includes the profiles of key aircraft electrical system companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Astronics Corporation
- Avionic Instruments, LLC
- Collins Aerospace
- Crane Aerospace & Electronics
- GE Aviation
- Hartzell Engine Technologies LLC
- Honeywell International Inc.
- Meggitt PLC
- Safran S.A.
- Thales SA
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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to segments covered.
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
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 Electrical System Market - By System
1.3.2 Aircraft Electrical System Market - By Components
1.3.3 Aircraft Electrical System Market - By Application
1.3.4 Aircraft Electrical System Market - By Fit-type
1.3.5 Aircraft Electrical System Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AIRCRAFT ELECTRICAL SYSTEM 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 to Substitute
4.2.1 Threat to New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AIRCRAFT ELECTRICAL SYSTEM 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 ELECTRICAL SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. AIRCRAFT ELECTRICAL SYSTEM - GLOBAL MARKET OVERVIEW
6.2. AIRCRAFT ELECTRICAL SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AIRCRAFT ELECTRICAL SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - SYSTEM
7.1. OVERVIEW
7.2. SYSTEM MARKET FORECASTS AND ANALYSIS
7.3. POWER GENERATION
7.3.1. Overview
7.3.2. Power Generation Market Forecast and Analysis
7.4. POWER DISTRIBUTION
7.4.1. Overview
7.4.2. Power Distribution Market Forecast and Analysis
7.5. POWER CONVERSION
7.5.1. Overview
7.5.2. Power Conversion Market Forecast and Analysis
7.6. ENERGY STORAGE
7.6.1. Overview
7.6.2. Energy Storage Market Forecast and Analysis
8. AIRCRAFT ELECTRICAL SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENTS
8.1. OVERVIEW
8.2. COMPONENTS MARKET FORECASTS AND ANALYSIS
8.3. GENERATORS
8.3.1. Overview
8.3.2. Generators Market Forecast and Analysis
8.4. CONVERSION DEVICES
8.4.1. Overview
8.4.2. Conversion Devices Market Forecast and Analysis
8.5. DISTRIBUTION DEVICES
8.5.1. Overview
8.5.2. Distribution Devices Market Forecast and Analysis
8.6. BATTERY MANAGEMENT SYSTEMS
8.6.1. Overview
8.6.2. Battery Management Systems Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. AIRCRAFT ELECTRICAL SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. POWER GENERATION MANAGEMENT
9.3.1. Overview
9.3.2. Power Generation Management Market Forecast and Analysis
9.4. FLIGHT CONTROL AND OPERATION
9.4.1. Overview
9.4.2. Flight Control and Operation Market Forecast and Analysis
9.5. CABIN SYSTEM
9.5.1. Overview
9.5.2. Cabin System Market Forecast and Analysis
9.6. AIR PRESSURIZATION AND CONDITIONING
9.6.1. Overview
9.6.2. Air Pressurization and Conditioning Market Forecast and Analysis
10. AIRCRAFT ELECTRICAL SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - FIT-TYPE
10.1. OVERVIEW
10.2. FIT-TYPE MARKET FORECASTS AND ANALYSIS
10.3. LINE FIT
10.3.1. Overview
10.3.2. Line Fit Market Forecast and Analysis
10.4. RETROFIT
10.4.1. Overview
10.4.2. Retrofit Market Forecast and Analysis
11. AIRCRAFT ELECTRICAL SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Aircraft Electrical System Market Overview
11.1.2 North America Aircraft Electrical System Market Forecasts and Analysis
11.1.3 North America Aircraft Electrical System Market Forecasts and Analysis - By System
11.1.4 North America Aircraft Electrical System Market Forecasts and Analysis - By Components
11.1.5 North America Aircraft Electrical System Market Forecasts and Analysis - By Application
11.1.6 North America Aircraft Electrical System Market Forecasts and Analysis - By Fit-type
11.1.7 North America Aircraft Electrical System Market Forecasts and Analysis - By Countries
11.1.7.1 United States Aircraft Electrical System Market
11.1.7.1.1 United States Aircraft Electrical System Market by System
11.1.7.1.2 United States Aircraft Electrical System Market by Components
11.1.7.1.3 United States Aircraft Electrical System Market by Application
11.1.7.1.4 United States Aircraft Electrical System Market by Fit-type
11.1.7.2 Canada Aircraft Electrical System Market
11.1.7.2.1 Canada Aircraft Electrical System Market by System
11.1.7.2.2 Canada Aircraft Electrical System Market by Components
11.1.7.2.3 Canada Aircraft Electrical System Market by Application
11.1.7.2.4 Canada Aircraft Electrical System Market by Fit-type
11.1.7.3 Mexico Aircraft Electrical System Market
11.1.7.3.1 Mexico Aircraft Electrical System Market by System
11.1.7.3.2 Mexico Aircraft Electrical System Market by Components
11.1.7.3.3 Mexico Aircraft Electrical System Market by Application
11.1.7.3.4 Mexico Aircraft Electrical System Market by Fit-type
11.2. EUROPE
11.2.1 Europe Aircraft Electrical System Market Overview
11.2.2 Europe Aircraft Electrical System Market Forecasts and Analysis
11.2.3 Europe Aircraft Electrical System Market Forecasts and Analysis - By System
11.2.4 Europe Aircraft Electrical System Market Forecasts and Analysis - By Components
11.2.5 Europe Aircraft Electrical System Market Forecasts and Analysis - By Application
11.2.6 Europe Aircraft Electrical System Market Forecasts and Analysis - By Fit-type
11.2.7 Europe Aircraft Electrical System Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Aircraft Electrical System Market
11.2.7.1.1 Germany Aircraft Electrical System Market by System
11.2.7.1.2 Germany Aircraft Electrical System Market by Components
11.2.7.1.3 Germany Aircraft Electrical System Market by Application
11.2.7.1.4 Germany Aircraft Electrical System Market by Fit-type
11.2.7.2 France Aircraft Electrical System Market
11.2.7.2.1 France Aircraft Electrical System Market by System
11.2.7.2.2 France Aircraft Electrical System Market by Components
11.2.7.2.3 France Aircraft Electrical System Market by Application
11.2.7.2.4 France Aircraft Electrical System Market by Fit-type
11.2.7.3 Italy Aircraft Electrical System Market
11.2.7.3.1 Italy Aircraft Electrical System Market by System
11.2.7.3.2 Italy Aircraft Electrical System Market by Components
11.2.7.3.3 Italy Aircraft Electrical System Market by Application
11.2.7.3.4 Italy Aircraft Electrical System Market by Fit-type
11.2.7.4 United Kingdom Aircraft Electrical System Market
11.2.7.4.1 United Kingdom Aircraft Electrical System Market by System
11.2.7.4.2 United Kingdom Aircraft Electrical System Market by Components
11.2.7.4.3 United Kingdom Aircraft Electrical System Market by Application
11.2.7.4.4 United Kingdom Aircraft Electrical System Market by Fit-type
11.2.7.5 Russia Aircraft Electrical System Market
11.2.7.5.1 Russia Aircraft Electrical System Market by System
11.2.7.5.2 Russia Aircraft Electrical System Market by Components
11.2.7.5.3 Russia Aircraft Electrical System Market by Application
11.2.7.5.4 Russia Aircraft Electrical System Market by Fit-type
11.2.7.6 Rest of Europe Aircraft Electrical System Market
11.2.7.6.1 Rest of Europe Aircraft Electrical System Market by System
11.2.7.6.2 Rest of Europe Aircraft Electrical System Market by Components
11.2.7.6.3 Rest of Europe Aircraft Electrical System Market by Application
11.2.7.6.4 Rest of Europe Aircraft Electrical System Market by Fit-type
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Aircraft Electrical System Market Overview
11.3.2 Asia-Pacific Aircraft Electrical System Market Forecasts and Analysis
11.3.3 Asia-Pacific Aircraft Electrical System Market Forecasts and Analysis - By System
11.3.4 Asia-Pacific Aircraft Electrical System Market Forecasts and Analysis - By Components
11.3.5 Asia-Pacific Aircraft Electrical System Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Aircraft Electrical System Market Forecasts and Analysis - By Fit-type
11.3.7 Asia-Pacific Aircraft Electrical System Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Aircraft Electrical System Market
11.3.7.1.1 Australia Aircraft Electrical System Market by System
11.3.7.1.2 Australia Aircraft Electrical System Market by Components
11.3.7.1.3 Australia Aircraft Electrical System Market by Application
11.3.7.1.4 Australia Aircraft Electrical System Market by Fit-type
11.3.7.2 China Aircraft Electrical System Market
11.3.7.2.1 China Aircraft Electrical System Market by System
11.3.7.2.2 China Aircraft Electrical System Market by Components
11.3.7.2.3 China Aircraft Electrical System Market by Application
11.3.7.2.4 China Aircraft Electrical System Market by Fit-type
11.3.7.3 India Aircraft Electrical System Market
11.3.7.3.1 India Aircraft Electrical System Market by System
11.3.7.3.2 India Aircraft Electrical System Market by Components
11.3.7.3.3 India Aircraft Electrical System Market by Application
11.3.7.3.4 India Aircraft Electrical System Market by Fit-type
11.3.7.4 Japan Aircraft Electrical System Market
11.3.7.4.1 Japan Aircraft Electrical System Market by System
11.3.7.4.2 Japan Aircraft Electrical System Market by Components
11.3.7.4.3 Japan Aircraft Electrical System Market by Application
11.3.7.4.4 Japan Aircraft Electrical System Market by Fit-type
11.3.7.5 South Korea Aircraft Electrical System Market
11.3.7.5.1 South Korea Aircraft Electrical System Market by System
11.3.7.5.2 South Korea Aircraft Electrical System Market by Components
11.3.7.5.3 South Korea Aircraft Electrical System Market by Application
11.3.7.5.4 South Korea Aircraft Electrical System Market by Fit-type
11.3.7.6 Rest of Asia-Pacific Aircraft Electrical System Market
11.3.7.6.1 Rest of Asia-Pacific Aircraft Electrical System Market by System
11.3.7.6.2 Rest of Asia-Pacific Aircraft Electrical System Market by Components
11.3.7.6.3 Rest of Asia-Pacific Aircraft Electrical System Market by Application
11.3.7.6.4 Rest of Asia-Pacific Aircraft Electrical System Market by Fit-type
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Aircraft Electrical System Market Overview
11.4.2 Middle East and Africa Aircraft Electrical System Market Forecasts and Analysis
11.4.3 Middle East and Africa Aircraft Electrical System Market Forecasts and Analysis - By System
11.4.4 Middle East and Africa Aircraft Electrical System Market Forecasts and Analysis - By Components
11.4.5 Middle East and Africa Aircraft Electrical System Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Aircraft Electrical System Market Forecasts and Analysis - By Fit-type
11.4.7 Middle East and Africa Aircraft Electrical System Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Aircraft Electrical System Market
11.4.7.1.1 South Africa Aircraft Electrical System Market by System
11.4.7.1.2 South Africa Aircraft Electrical System Market by Components
11.4.7.1.3 South Africa Aircraft Electrical System Market by Application
11.4.7.1.4 South Africa Aircraft Electrical System Market by Fit-type
11.4.7.2 Saudi Arabia Aircraft Electrical System Market
11.4.7.2.1 Saudi Arabia Aircraft Electrical System Market by System
11.4.7.2.2 Saudi Arabia Aircraft Electrical System Market by Components
11.4.7.2.3 Saudi Arabia Aircraft Electrical System Market by Application
11.4.7.2.4 Saudi Arabia Aircraft Electrical System Market by Fit-type
11.4.7.3 U.A.E Aircraft Electrical System Market
11.4.7.3.1 U.A.E Aircraft Electrical System Market by System
11.4.7.3.2 U.A.E Aircraft Electrical System Market by Components
11.4.7.3.3 U.A.E Aircraft Electrical System Market by Application
11.4.7.3.4 U.A.E Aircraft Electrical System Market by Fit-type
11.4.7.4 Rest of Middle East and Africa Aircraft Electrical System Market
11.4.7.4.1 Rest of Middle East and Africa Aircraft Electrical System Market by System
11.4.7.4.2 Rest of Middle East and Africa Aircraft Electrical System Market by Components
11.4.7.4.3 Rest of Middle East and Africa Aircraft Electrical System Market by Application
11.4.7.4.4 Rest of Middle East and Africa Aircraft Electrical System Market by Fit-type
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Aircraft Electrical System Market Overview
11.5.2 South and Central America Aircraft Electrical System Market Forecasts and Analysis
11.5.3 South and Central America Aircraft Electrical System Market Forecasts and Analysis - By System
11.5.4 South and Central America Aircraft Electrical System Market Forecasts and Analysis - By Components
11.5.5 South and Central America Aircraft Electrical System Market Forecasts and Analysis - By Application
11.5.6 South and Central America Aircraft Electrical System Market Forecasts and Analysis - By Fit-type
11.5.7 South and Central America Aircraft Electrical System Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Aircraft Electrical System Market
11.5.7.1.1 Brazil Aircraft Electrical System Market by System
11.5.7.1.2 Brazil Aircraft Electrical System Market by Components
11.5.7.1.3 Brazil Aircraft Electrical System Market by Application
11.5.7.1.4 Brazil Aircraft Electrical System Market by Fit-type
11.5.7.2 Rest of South and Central America Aircraft Electrical System Market
11.5.7.2.1 Rest of South and Central America Aircraft Electrical System Market by System
11.5.7.2.2 Rest of South and Central America Aircraft Electrical System Market by Components
11.5.7.2.3 Rest of South and Central America Aircraft Electrical System Market by Application
11.5.7.2.4 Rest of South and Central America Aircraft Electrical System Market by Fit-type
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. AIRCRAFT ELECTRICAL SYSTEM MARKET, KEY COMPANY PROFILES
13.1. ASTRONICS CORPORATION
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. AVIONIC INSTRUMENTS LLC
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. COLLINS AEROSPACE
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. CRANE AEROSPACE AND ELECTRONICS
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. GE AVIATION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. HARTZELL ENGINE TECHNOLOGIES LLC
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. HONEYWELL INTERNATIONAL INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. MEGGITT PLC
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SAFRAN SA
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. THALES SA
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Astronics Corporation
2. Avionic Instruments LLC
3. Collins Aerospace
4. Crane Aerospace and Electronics
5. GE Aviation
6. Hartzell Engine Technologies LLC
7. Honeywell International Inc.
8. Meggitt PLC
9. Safran SA
10. Thales SA
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.