Aircraft Refurbishment Market Growth, Size, Share, Trends, and Forecast by 2031

Coverage: Aircraft Refurbishment Market covers analysis By Refurbishing Services (Interior, Exterior); Aircraft Type (Commercial, Military, Avionics) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00005224
  • Category : Aerospace and Defense
  • No. of Pages : 150
Buy Now

Aircraft Refurbishment Market Size and CAGR by 2031

Buy Now

The Aircraft Refurbishment Market is expected to register a CAGR of 6.1% 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 Refurbishment Type (Interior, Exterior); Aircraft Type (Narrow Body, Wide Body, Regional); Conversion Type (Passenger to Freighter, Commercial Aircraft Refurbishing, VIP Refurbishing). 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 Report

The report Aircraft Refurbishment 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 Refurbishment Market Segmentation

Refurbishment Type
  • Interior
  • Exterior
Aircraft Type
  • Narrow Body
  • Wide Body
  • Regional
Conversion Type
  • Passenger to Freighter
  • Commercial Aircraft Refurbishing
  • VIP Refurbishing
Geography
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa
Geography
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Strategic Insights

Aircraft Refurbishment Market Growth Drivers
  • Economic Fleet Extension Strategy: Airlines are increasingly prioritizing fleet refurbishment as a cost-effective alternative to fleet replacement. By investing in comprehensive aircraft upgrades, carriers can extend aircraft operational lifecycles by 10-15 years, significantly reducing capital expenditure compared to purchasing new aircraft. This strategic approach allows airlines to modernize their fleet's interior, avionics, and performance capabilities while maintaining financial prudence in a competitive and volatile market.
  • Passenger Experience Enhancement: Growing passenger expectations for comfort, connectivity, and modern amenities are driving substantial refurbishment investments. Airlines recognize that updated cabin interiors, improved seat designs, advanced in-flight entertainment systems, and enhanced Wi-Fi connectivity directly impact customer satisfaction and brand perception. Refurbishment enables carriers to compete effectively, attract premium passengers, and differentiate themselves in an increasingly discerning travel market.
  • Regulatory Compliance and Safety Modernization: Evolving aviation safety standards and technological regulations necessitate continuous aircraft upgrades. Refurbishment programs enable airlines to integrate advanced safety technologies, upgrade communication systems, implement more efficient navigation equipment, and ensure compliance with increasingly stringent environmental and operational regulations. This driver ensures aircraft remain technologically relevant, operationally efficient, and aligned with global aviation standards.
Aircraft Refurbishment Market Future Trends
  • Sustainable Retrofit Technologies: The aviation industry is experiencing a significant shift towards sustainable refurbishment practices. Advanced lightweight materials, fuel-efficient cabin components, and eco-friendly interior design solutions are gaining prominence. Airlines are increasingly adopting green retrofit technologies that reduce aircraft weight, minimize environmental footprint, and optimize fuel consumption. This trend reflects growing environmental consciousness and the industry's commitment to reducing carbon emissions.
  • Digital Transformation and Smart Maintenance: Emerging digital technologies are revolutionizing aircraft refurbishment processes. Predictive maintenance algorithms, advanced diagnostic tools, and real-time monitoring systems are enabling more precise, data-driven refurbishment strategies. Integrated IoT sensors, artificial intelligence, and comprehensive digital twins are transforming how airlines plan, execute, and optimize aircraft upgrades, leading to more efficient, predictable, and cost-effective refurbishment interventions.
Aircraft Refurbishment Market Opportunities
  • Emerging Market Fleet Modernization: Rapid growth in aviation sectors of developing economies presents substantial refurbishment opportunities. Emerging markets in Asia-Pacific, Middle East, and Latin America are experiencing exponential air travel expansion, creating significant demand for fleet upgrades. Budget airlines and regional carriers seek cost-effective refurbishment solutions to enhance operational efficiency, passenger comfort, and competitive positioning without massive capital investments.
  • Specialized Retrofit Segments: Niche refurbishment markets are emerging, offering lucrative opportunities for specialized service providers. Corporate jet refurbishment, military aircraft modernization, cargo plane interior conversions, and VIP aircraft customization represent high-value segments with premium pricing potential. These specialized markets demand advanced technical expertise, innovative design capabilities, and tailored engineering solutions, creating differentiated revenue streams for refurbishment specialists.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Aircraft Refurbishment 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 Refurbishment 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
World Geography

Have a question?

Analyst

Naveen

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst   Speak to Analyst
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
MARKET PLAYERS
  • 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What are the options available for the customization of this report?

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.

What are the deliverable formats of the aircraft refurbishment market report?

The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.

What are the future trends of the aircraft refurbishment market?

Some of the major trends driving the aircraft refurbishment market are:

1. Increasing Demand for Air Cargo Handling

2. Demand for Enhanced Air Travel

What is the expected CAGR of the Aircraft Refurbishment Market?

The Aircraft Refurbishment Market is estimated to witness a CAGR of 6.1% from 2023 to 2031

What are the driving factors impacting the aircraft refurbishment market?

The major factors driving the aircraft refurbishment market are:

1. Growing Aircraft MRO Industry

2. Rising Fleet of Older Generation Aircraft

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Aircraft Refurbishment Market - By Refurbishing Services
1.3.2 Aircraft Refurbishment Market - By Aircraft Type
1.3.3 Aircraft Refurbishment Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. AIRCRAFT REFURBISHMENT 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 REFURBISHMENT 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 REFURBISHMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. AIRCRAFT REFURBISHMENT - GLOBAL MARKET OVERVIEW
6.2. AIRCRAFT REFURBISHMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. AIRCRAFT REFURBISHMENT MARKET - REVENUE AND FORECASTS TO 2028 - REFURBISHING SERVICES
7.1. OVERVIEW
7.2. REFURBISHING SERVICES MARKET FORECASTS AND ANALYSIS
7.3. INTERIOR
7.3.1. Overview
7.3.2. Interior Market Forecast and Analysis
7.4. EXTERIOR
7.4.1. Overview
7.4.2. Exterior Market Forecast and Analysis
8. AIRCRAFT REFURBISHMENT MARKET - REVENUE AND FORECASTS TO 2028 - AIRCRAFT TYPE
8.1. OVERVIEW
8.2. AIRCRAFT TYPE MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. MILITARY
8.4.1. Overview
8.4.2. Military Market Forecast and Analysis
8.5. AVIONICS
8.5.1. Overview
8.5.2. Avionics Market Forecast and Analysis

9. AIRCRAFT REFURBISHMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Aircraft Refurbishment Market Overview
9.1.2 North America Aircraft Refurbishment Market Forecasts and Analysis
9.1.3 North America Aircraft Refurbishment Market Forecasts and Analysis - By Refurbishing Services
9.1.4 North America Aircraft Refurbishment Market Forecasts and Analysis - By Aircraft Type
9.1.5 North America Aircraft Refurbishment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Aircraft Refurbishment Market
9.1.5.1.1 United States Aircraft Refurbishment Market by Refurbishing Services
9.1.5.1.2 United States Aircraft Refurbishment Market by Aircraft Type
9.1.5.2 Canada Aircraft Refurbishment Market
9.1.5.2.1 Canada Aircraft Refurbishment Market by Refurbishing Services
9.1.5.2.2 Canada Aircraft Refurbishment Market by Aircraft Type
9.1.5.3 Mexico Aircraft Refurbishment Market
9.1.5.3.1 Mexico Aircraft Refurbishment Market by Refurbishing Services
9.1.5.3.2 Mexico Aircraft Refurbishment Market by Aircraft Type
9.2. EUROPE
9.2.1 Europe Aircraft Refurbishment Market Overview
9.2.2 Europe Aircraft Refurbishment Market Forecasts and Analysis
9.2.3 Europe Aircraft Refurbishment Market Forecasts and Analysis - By Refurbishing Services
9.2.4 Europe Aircraft Refurbishment Market Forecasts and Analysis - By Aircraft Type
9.2.5 Europe Aircraft Refurbishment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Aircraft Refurbishment Market
9.2.5.1.1 Germany Aircraft Refurbishment Market by Refurbishing Services
9.2.5.1.2 Germany Aircraft Refurbishment Market by Aircraft Type
9.2.5.2 France Aircraft Refurbishment Market
9.2.5.2.1 France Aircraft Refurbishment Market by Refurbishing Services
9.2.5.2.2 France Aircraft Refurbishment Market by Aircraft Type
9.2.5.3 Italy Aircraft Refurbishment Market
9.2.5.3.1 Italy Aircraft Refurbishment Market by Refurbishing Services
9.2.5.3.2 Italy Aircraft Refurbishment Market by Aircraft Type
9.2.5.4 United Kingdom Aircraft Refurbishment Market
9.2.5.4.1 United Kingdom Aircraft Refurbishment Market by Refurbishing Services
9.2.5.4.2 United Kingdom Aircraft Refurbishment Market by Aircraft Type
9.2.5.5 Russia Aircraft Refurbishment Market
9.2.5.5.1 Russia Aircraft Refurbishment Market by Refurbishing Services
9.2.5.5.2 Russia Aircraft Refurbishment Market by Aircraft Type
9.2.5.6 Rest of Europe Aircraft Refurbishment Market
9.2.5.6.1 Rest of Europe Aircraft Refurbishment Market by Refurbishing Services
9.2.5.6.2 Rest of Europe Aircraft Refurbishment Market by Aircraft Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Aircraft Refurbishment Market Overview
9.3.2 Asia-Pacific Aircraft Refurbishment Market Forecasts and Analysis
9.3.3 Asia-Pacific Aircraft Refurbishment Market Forecasts and Analysis - By Refurbishing Services
9.3.4 Asia-Pacific Aircraft Refurbishment Market Forecasts and Analysis - By Aircraft Type
9.3.5 Asia-Pacific Aircraft Refurbishment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Aircraft Refurbishment Market
9.3.5.1.1 Australia Aircraft Refurbishment Market by Refurbishing Services
9.3.5.1.2 Australia Aircraft Refurbishment Market by Aircraft Type
9.3.5.2 China Aircraft Refurbishment Market
9.3.5.2.1 China Aircraft Refurbishment Market by Refurbishing Services
9.3.5.2.2 China Aircraft Refurbishment Market by Aircraft Type
9.3.5.3 India Aircraft Refurbishment Market
9.3.5.3.1 India Aircraft Refurbishment Market by Refurbishing Services
9.3.5.3.2 India Aircraft Refurbishment Market by Aircraft Type
9.3.5.4 Japan Aircraft Refurbishment Market
9.3.5.4.1 Japan Aircraft Refurbishment Market by Refurbishing Services
9.3.5.4.2 Japan Aircraft Refurbishment Market by Aircraft Type
9.3.5.5 South Korea Aircraft Refurbishment Market
9.3.5.5.1 South Korea Aircraft Refurbishment Market by Refurbishing Services
9.3.5.5.2 South Korea Aircraft Refurbishment Market by Aircraft Type
9.3.5.6 Rest of Asia-Pacific Aircraft Refurbishment Market
9.3.5.6.1 Rest of Asia-Pacific Aircraft Refurbishment Market by Refurbishing Services
9.3.5.6.2 Rest of Asia-Pacific Aircraft Refurbishment Market by Aircraft Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Aircraft Refurbishment Market Overview
9.4.2 Middle East and Africa Aircraft Refurbishment Market Forecasts and Analysis
9.4.3 Middle East and Africa Aircraft Refurbishment Market Forecasts and Analysis - By Refurbishing Services
9.4.4 Middle East and Africa Aircraft Refurbishment Market Forecasts and Analysis - By Aircraft Type
9.4.5 Middle East and Africa Aircraft Refurbishment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Aircraft Refurbishment Market
9.4.5.1.1 South Africa Aircraft Refurbishment Market by Refurbishing Services
9.4.5.1.2 South Africa Aircraft Refurbishment Market by Aircraft Type
9.4.5.2 Saudi Arabia Aircraft Refurbishment Market
9.4.5.2.1 Saudi Arabia Aircraft Refurbishment Market by Refurbishing Services
9.4.5.2.2 Saudi Arabia Aircraft Refurbishment Market by Aircraft Type
9.4.5.3 U.A.E Aircraft Refurbishment Market
9.4.5.3.1 U.A.E Aircraft Refurbishment Market by Refurbishing Services
9.4.5.3.2 U.A.E Aircraft Refurbishment Market by Aircraft Type
9.4.5.4 Rest of Middle East and Africa Aircraft Refurbishment Market
9.4.5.4.1 Rest of Middle East and Africa Aircraft Refurbishment Market by Refurbishing Services
9.4.5.4.2 Rest of Middle East and Africa Aircraft Refurbishment Market by Aircraft Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Aircraft Refurbishment Market Overview
9.5.2 South and Central America Aircraft Refurbishment Market Forecasts and Analysis
9.5.3 South and Central America Aircraft Refurbishment Market Forecasts and Analysis - By Refurbishing Services
9.5.4 South and Central America Aircraft Refurbishment Market Forecasts and Analysis - By Aircraft Type
9.5.5 South and Central America Aircraft Refurbishment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Aircraft Refurbishment Market
9.5.5.1.1 Brazil Aircraft Refurbishment Market by Refurbishing Services
9.5.5.1.2 Brazil Aircraft Refurbishment Market by Aircraft Type
9.5.5.2 Argentina Aircraft Refurbishment Market
9.5.5.2.1 Argentina Aircraft Refurbishment Market by Refurbishing Services
9.5.5.2.2 Argentina Aircraft Refurbishment Market by Aircraft Type
9.5.5.3 Rest of South and Central America Aircraft Refurbishment Market
9.5.5.3.1 Rest of South and Central America Aircraft Refurbishment Market by Refurbishing Services
9.5.5.3.2 Rest of South and Central America Aircraft Refurbishment Market by Aircraft Type

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. AIRCRAFT REFURBISHMENT MARKET, KEY COMPANY PROFILES
11.1. ASCENT AVIATION SERVICES.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. RAYTHEON TECHNOLOGIES CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CRANE AEROSPACE AND ELECTRONICS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FACC AG
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HONEYWELL INTERNATIONAL INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GKN AEROSPACE SERVICES LIMITED
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. JAMCO AMERICA, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. LUFTHANSA TECHNIK
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THALES GROUP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE NORDAM GROUP LLC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1.ASCENT AVIATION SERVICES.
2.Raytheon Technologies Corporation
3.Crane Aerospace and Electronics
4.FACC AG
5.Honeywell International Inc.
6.GKN Aerospace Services Limited
7.Jamco America, Inc.
8.Lufthansa Technik
9.Thales Group
10.The NORDAM Group LLC

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Aerospace and Defense : READ MORE..