Airport Surveillance Market Growth Report | 2021 to 2031
The Airport Surveillance Market is expected to register a CAGR of 7.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The market is segmented into by Component, Airport Type, and Application Area. The Component segment is divided into Hardware, Software. Based on Airport Type, the global Airport Surveillance market is segmented into Civil Airport, Military Air Base. Based on Application Area, the market is segmented into Outdoor, Indoor.
Purpose of the ReportThe report Airport Surveillance 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.
Airport Surveillance Market Segmentation
Component- Hardware
- Software
- Civil Airport
- Military Air Base
- Outdoor
- Indoor
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Airport Surveillance Market Growth Drivers- Increasing Security Concerns: The growing emphasis on airport security due to rising terrorism threats and criminal activities is a primary driver for the airport surveillance market. Governments and airport authorities are implementing stringent security measures to protect passengers, aircraft, and airport infrastructure. This has led to the adoption of advanced surveillance systems, including video surveillance, access control systems, and biometric identification technologies. Enhanced security protocols necessitate the deployment of comprehensive surveillance solutions, driving demand for sophisticated airport monitoring systems.
- Technological Advancements in Surveillance Systems: Continuous advancements in surveillance technology, such as high-definition (HD) cameras, thermal imaging, and artificial intelligence (AI), are significantly influencing the airport surveillance market. Modern surveillance systems now incorporate features like facial recognition, motion detection, and video analytics, which enhance the effectiveness of monitoring and threat detection. These technological innovations allow for improved situational awareness and faster response times, making them essential components of airport security infrastructure.
- Integration of Smart Technologies: A significant trend in the airport surveillance market is the integration of smart technologies, such as the Internet of Things (IoT) and AI, into surveillance systems. IoT-enabled devices allow for real-time data collection and communication among various surveillance components, enhancing overall system efficiency. AI-powered analytics can process vast amounts of data from surveillance feeds to identify potential threats and anomalies automatically. This trend towards smart surveillance systems is transforming airport security operations, making them more proactive and effective.
- Emphasis on Perimeter Security: There is an increasing focus on perimeter security as a critical aspect of airport surveillance. Airports are investing in advanced perimeter intrusion detection systems (PIDS) that utilize technologies such as radar, motion sensors, and video analytics to monitor the airport's boundaries. This trend highlights the importance of protecting airport perimeters against unauthorized access and potential threats, reinforcing the need for comprehensive surveillance solutions that cover all aspects of airport security.
- Growth in Airport Infrastructure Development: The expansion and modernization of airport infrastructure globally present significant opportunities for the airport surveillance market. As new airports are constructed and existing ones are upgraded, there is an increasing demand for advanced surveillance systems to ensure security and operational efficiency. Companies that offer innovative surveillance solutions tailored to meet the unique requirements of different airport environments can capitalize on this growth.
- Adoption of Cloud-Based Surveillance Solutions: The adoption of cloud-based surveillance solutions is becoming increasingly prevalent in the airport surveillance market. Cloud technology enables airports to store and manage large volumes of surveillance data efficiently, facilitating easier access and sharing among security personnel. Additionally, cloud-based systems offer scalability and flexibility, allowing airports to expand their surveillance capabilities as needed without significant infrastructure investments. This trend is expected to drive growth in the market as more airports transition to cloud-based surveillance systems.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Airport Surveillance 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 Airport Surveillance 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
The Airport Surveillance Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Hardware, Software); Airport Type (Civil Airport, Military Air Base); Application Area (Outdoor, Indoor) , and Geography (North America, Europe, Asia Pacific, and South and Central America) is estimated to witness a CAGR of 7.5% from 2023 to 2031
The major factors driving the Airport Surveillancemarket are: Rising Air Traffic and Passenger Volume
Shift Toward Integrated Security Solutions
Bosch Sicherheitssysteme GmbH,Dallmeier Electronic,Elbit Systems Ltd.,OPTEX CO., LTD.,Optiview, Inc.,Teledyne Technologies,The Infinova Group,Pelc,Viseum UK Group,Wipro Limited
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on 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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Airport Surveillance Market - By Component
1.3.2 Airport Surveillance Market - By Airport Type
1.3.3 Airport Surveillance Market - By Application Area
1.3.4 Airport Surveillance Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AIRPORT SURVEILLANCE 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. AIRPORT SURVEILLANCE 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. AIRPORT SURVEILLANCE MARKET - GLOBAL MARKET ANALYSIS
6.1. AIRPORT SURVEILLANCE - GLOBAL MARKET OVERVIEW
6.2. AIRPORT SURVEILLANCE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AIRPORT SURVEILLANCE MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.3.3. Video Camera Market
7.3.3.1. Overview
7.3.3.2. Video Camera Market Forecast and Analysis
7.3.4. Thermal Camera Market
7.3.4.1. Overview
7.3.4.2. Thermal Camera Market Forecast and Analysis
7.3.5. RADAR Market
7.3.5.1. Overview
7.3.5.2. RADAR Market Forecast and Analysis
7.3.6. Sensors Market
7.3.6.1. Overview
7.3.6.2. Sensors Market Forecast and Analysis
7.3.7. Advanced Security Fencing Market
7.3.7.1. Overview
7.3.7.2. Advanced Security Fencing Market Forecast and Analysis
7.3.8. Others Market
7.3.8.1. Overview
7.3.8.2. Others Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
7.4.3. Video Management Software Market
7.4.3.1. Overview
7.4.3.2. Video Management Software Market Forecast and Analysis
7.4.4. Air Traffic Management System Market
7.4.4.1. Overview
7.4.4.2. Air Traffic Management System Market Forecast and Analysis
7.4.5. Intrusion Detection Software Market
7.4.5.1. Overview
7.4.5.2. Intrusion Detection Software Market Forecast and Analysis
8. AIRPORT SURVEILLANCE MARKET - REVENUE AND FORECASTS TO 2028 - AIRPORT TYPE
8.1. OVERVIEW
8.2. AIRPORT TYPE MARKET FORECASTS AND ANALYSIS
8.3. CIVIL AIRPORT
8.3.1. Overview
8.3.2. Civil Airport Market Forecast and Analysis
8.4. MILITARY AIR BASE
8.4.1. Overview
8.4.2. Military Air Base Market Forecast and Analysis
9. AIRPORT SURVEILLANCE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION AREA
9.1. OVERVIEW
9.2. APPLICATION AREA MARKET FORECASTS AND ANALYSIS
9.3. OUTDOOR
9.3.1. Overview
9.3.2. Outdoor Market Forecast and Analysis
9.3.3. Perimeter Market
9.3.3.1. Overview
9.3.3.2. Perimeter Market Forecast and Analysis
9.3.4. Tarmac Market
9.3.4.1. Overview
9.3.4.2. Tarmac Market Forecast and Analysis
9.3.5. Terminal Areas Market
9.3.5.1. Overview
9.3.5.2. Terminal Areas Market Forecast and Analysis
9.3.6. Runways Market
9.3.6.1. Overview
9.3.6.2. Runways Market Forecast and Analysis
9.3.7. Parking Market
9.3.7.1. Overview
9.3.7.2. Parking Market Forecast and Analysis
9.3.8. Hangar Market
9.3.8.1. Overview
9.3.8.2. Hangar Market Forecast and Analysis
9.4. INDOOR
9.4.1. Overview
9.4.2. Indoor Market Forecast and Analysis
9.4.3. Check-Ins Market
9.4.3.1. Overview
9.4.3.2. Check-Ins Market Forecast and Analysis
9.4.4. Security Areas Market
9.4.4.1. Overview
9.4.4.2. Security Areas Market Forecast and Analysis
9.4.5. Baggage Market
9.4.5.1. Overview
9.4.5.2. Baggage Market Forecast and Analysis
9.4.6. Others Market
9.4.6.1. Overview
9.4.6.2. Others Market Forecast and Analysis
10. AIRPORT SURVEILLANCE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Airport Surveillance Market Overview
10.1.2 North America Airport Surveillance Market Forecasts and Analysis
10.1.3 North America Airport Surveillance Market Forecasts and Analysis - By Component
10.1.4 North America Airport Surveillance Market Forecasts and Analysis - By Airport Type
10.1.5 North America Airport Surveillance Market Forecasts and Analysis - By Application Area
10.1.6 North America Airport Surveillance Market Forecasts and Analysis - By Countries
10.1.6.1 United States Airport Surveillance Market
10.1.6.1.1 United States Airport Surveillance Market by Component
10.1.6.1.2 United States Airport Surveillance Market by Airport Type
10.1.6.1.3 United States Airport Surveillance Market by Application Area
10.1.6.2 Canada Airport Surveillance Market
10.1.6.2.1 Canada Airport Surveillance Market by Component
10.1.6.2.2 Canada Airport Surveillance Market by Airport Type
10.1.6.2.3 Canada Airport Surveillance Market by Application Area
10.1.6.3 Mexico Airport Surveillance Market
10.1.6.3.1 Mexico Airport Surveillance Market by Component
10.1.6.3.2 Mexico Airport Surveillance Market by Airport Type
10.1.6.3.3 Mexico Airport Surveillance Market by Application Area
10.2. EUROPE
10.2.1 Europe Airport Surveillance Market Overview
10.2.2 Europe Airport Surveillance Market Forecasts and Analysis
10.2.3 Europe Airport Surveillance Market Forecasts and Analysis - By Component
10.2.4 Europe Airport Surveillance Market Forecasts and Analysis - By Airport Type
10.2.5 Europe Airport Surveillance Market Forecasts and Analysis - By Application Area
10.2.6 Europe Airport Surveillance Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Airport Surveillance Market
10.2.6.1.1 Germany Airport Surveillance Market by Component
10.2.6.1.2 Germany Airport Surveillance Market by Airport Type
10.2.6.1.3 Germany Airport Surveillance Market by Application Area
10.2.6.2 France Airport Surveillance Market
10.2.6.2.1 France Airport Surveillance Market by Component
10.2.6.2.2 France Airport Surveillance Market by Airport Type
10.2.6.2.3 France Airport Surveillance Market by Application Area
10.2.6.3 Italy Airport Surveillance Market
10.2.6.3.1 Italy Airport Surveillance Market by Component
10.2.6.3.2 Italy Airport Surveillance Market by Airport Type
10.2.6.3.3 Italy Airport Surveillance Market by Application Area
10.2.6.4 United Kingdom Airport Surveillance Market
10.2.6.4.1 United Kingdom Airport Surveillance Market by Component
10.2.6.4.2 United Kingdom Airport Surveillance Market by Airport Type
10.2.6.4.3 United Kingdom Airport Surveillance Market by Application Area
10.2.6.5 Russia Airport Surveillance Market
10.2.6.5.1 Russia Airport Surveillance Market by Component
10.2.6.5.2 Russia Airport Surveillance Market by Airport Type
10.2.6.5.3 Russia Airport Surveillance Market by Application Area
10.2.6.6 Rest of Europe Airport Surveillance Market
10.2.6.6.1 Rest of Europe Airport Surveillance Market by Component
10.2.6.6.2 Rest of Europe Airport Surveillance Market by Airport Type
10.2.6.6.3 Rest of Europe Airport Surveillance Market by Application Area
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Airport Surveillance Market Overview
10.3.2 Asia-Pacific Airport Surveillance Market Forecasts and Analysis
10.3.3 Asia-Pacific Airport Surveillance Market Forecasts and Analysis - By Component
10.3.4 Asia-Pacific Airport Surveillance Market Forecasts and Analysis - By Airport Type
10.3.5 Asia-Pacific Airport Surveillance Market Forecasts and Analysis - By Application Area
10.3.6 Asia-Pacific Airport Surveillance Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Airport Surveillance Market
10.3.6.1.1 Australia Airport Surveillance Market by Component
10.3.6.1.2 Australia Airport Surveillance Market by Airport Type
10.3.6.1.3 Australia Airport Surveillance Market by Application Area
10.3.6.2 China Airport Surveillance Market
10.3.6.2.1 China Airport Surveillance Market by Component
10.3.6.2.2 China Airport Surveillance Market by Airport Type
10.3.6.2.3 China Airport Surveillance Market by Application Area
10.3.6.3 India Airport Surveillance Market
10.3.6.3.1 India Airport Surveillance Market by Component
10.3.6.3.2 India Airport Surveillance Market by Airport Type
10.3.6.3.3 India Airport Surveillance Market by Application Area
10.3.6.4 Japan Airport Surveillance Market
10.3.6.4.1 Japan Airport Surveillance Market by Component
10.3.6.4.2 Japan Airport Surveillance Market by Airport Type
10.3.6.4.3 Japan Airport Surveillance Market by Application Area
10.3.6.5 South Korea Airport Surveillance Market
10.3.6.5.1 South Korea Airport Surveillance Market by Component
10.3.6.5.2 South Korea Airport Surveillance Market by Airport Type
10.3.6.5.3 South Korea Airport Surveillance Market by Application Area
10.3.6.6 Rest of Asia-Pacific Airport Surveillance Market
10.3.6.6.1 Rest of Asia-Pacific Airport Surveillance Market by Component
10.3.6.6.2 Rest of Asia-Pacific Airport Surveillance Market by Airport Type
10.3.6.6.3 Rest of Asia-Pacific Airport Surveillance Market by Application Area
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Airport Surveillance Market Overview
10.4.2 Middle East and Africa Airport Surveillance Market Forecasts and Analysis
10.4.3 Middle East and Africa Airport Surveillance Market Forecasts and Analysis - By Component
10.4.4 Middle East and Africa Airport Surveillance Market Forecasts and Analysis - By Airport Type
10.4.5 Middle East and Africa Airport Surveillance Market Forecasts and Analysis - By Application Area
10.4.6 Middle East and Africa Airport Surveillance Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Airport Surveillance Market
10.4.6.1.1 South Africa Airport Surveillance Market by Component
10.4.6.1.2 South Africa Airport Surveillance Market by Airport Type
10.4.6.1.3 South Africa Airport Surveillance Market by Application Area
10.4.6.2 Saudi Arabia Airport Surveillance Market
10.4.6.2.1 Saudi Arabia Airport Surveillance Market by Component
10.4.6.2.2 Saudi Arabia Airport Surveillance Market by Airport Type
10.4.6.2.3 Saudi Arabia Airport Surveillance Market by Application Area
10.4.6.3 U.A.E Airport Surveillance Market
10.4.6.3.1 U.A.E Airport Surveillance Market by Component
10.4.6.3.2 U.A.E Airport Surveillance Market by Airport Type
10.4.6.3.3 U.A.E Airport Surveillance Market by Application Area
10.4.6.4 Rest of Middle East and Africa Airport Surveillance Market
10.4.6.4.1 Rest of Middle East and Africa Airport Surveillance Market by Component
10.4.6.4.2 Rest of Middle East and Africa Airport Surveillance Market by Airport Type
10.4.6.4.3 Rest of Middle East and Africa Airport Surveillance Market by Application Area
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Airport Surveillance Market Overview
10.5.2 South and Central America Airport Surveillance Market Forecasts and Analysis
10.5.3 South and Central America Airport Surveillance Market Forecasts and Analysis - By Component
10.5.4 South and Central America Airport Surveillance Market Forecasts and Analysis - By Airport Type
10.5.5 South and Central America Airport Surveillance Market Forecasts and Analysis - By Application Area
10.5.6 South and Central America Airport Surveillance Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Airport Surveillance Market
10.5.6.1.1 Brazil Airport Surveillance Market by Component
10.5.6.1.2 Brazil Airport Surveillance Market by Airport Type
10.5.6.1.3 Brazil Airport Surveillance Market by Application Area
10.5.6.2 Argentina Airport Surveillance Market
10.5.6.2.1 Argentina Airport Surveillance Market by Component
10.5.6.2.2 Argentina Airport Surveillance Market by Airport Type
10.5.6.2.3 Argentina Airport Surveillance Market by Application Area
10.5.6.3 Rest of South and Central America Airport Surveillance Market
10.5.6.3.1 Rest of South and Central America Airport Surveillance Market by Component
10.5.6.3.2 Rest of South and Central America Airport Surveillance Market by Airport Type
10.5.6.3.3 Rest of South and Central America Airport Surveillance Market by Application Area
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. AIRPORT SURVEILLANCE MARKET, KEY COMPANY PROFILES
12.1. BOSCH SICHERHEITSSYSTEME GMBH
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. DALLMEIER ELECTRONIC
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. ELBIT SYSTEMS LTD.
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. OPTEX CO., LTD.
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. OPTIVIEW, 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. TELEDYNE FLIR LLC
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. THE INFINOVA 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. TTP PLC
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. VISEUM UK GROUP
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. WIPRO LIMITED
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.Bosch Sicherheitssysteme GmbH
2.Dallmeier Electronic
3.Elbit Systems Ltd.
4.OPTEX CO., LTD.
5.Optiview, Inc.
6.Teledyne FLIR LLC
7.The Infinova Group
8.TTP plc
9.Viseum UK Group
10.Wipro Limited
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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