Asteroid Mining Market Overview, Growth, Research Report (2021-2031)

Coverage: Asteroid Mining Market covers analysis By Phase (Spacecraft Design, Launch, Operation); Asteroid Type (Type C, Type S, Others); Extraction Technology (Shaft Mining, Magnetic Rakes, Surface Mining, Mond Process, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00022347
  • Category : Aerospace and Defense
  • No. of Pages : 150
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Asteroid Mining Market Trends, Size, Analysis 2031

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The Asteroid Mining Market is expected to register a CAGR of 9.5% 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 Phase (Spacecraft Design, Launch, Operation); Asteroid Type (Type C, Type S, Others); Extraction Technology (Shaft Mining, Magnetic Rakes, Surface Mining, Mond Process, Others). 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 Asteroid Mining 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.

Asteroid Mining Market Segmentation

Phase
  • Spacecraft Design
  • Launch
  • Operation
Asteroid Type
  • Type C
  • Type S
  • Others
Extraction Technology
  • Shaft Mining
  • Magnetic Rakes
  • Surface Mining
  • Mond Process
  • Others
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

Asteroid Mining Market Growth Drivers
  • Rising Demand for Rare Earth Metals: As the demand for rare earth metals, critical for electronics, batteries, and renewable energy technologies, increases, asteroid mining presents a viable solution. Asteroids contain abundant valuable materials like platinum and nickel, driving the market for extraterrestrial mining to meet growing global resource needs.
  • Technological Advancements in Space Exploration: Advances in space exploration technologies, including reusable spacecraft and automation, are making asteroid mining more feasible. These innovations reduce the cost of space missions and enhance the accessibility of asteroids, fueling the growth of the mining market.
Asteroid Mining Market Future Trends
  • Development of Space Mining Infrastructure: The creation of mining stations or space-based processing facilities on asteroids is expected to be a key future trend. This infrastructure will allow for efficient extraction and transport of materials back to Earth, enabling sustainable asteroid mining operations on a larger scale.
  • Collaboration Between Private and Government Entities: Increasing partnerships between private space companies (e.g., SpaceX, Blue Origin) and government space agencies (e.g., NASA, ESA) will accelerate the development of asteroid mining technologies. These collaborations will combine resources and expertise to overcome the challenges of deep-space mining.
Asteroid Mining Market Opportunities
  • In-Situ Resource Utilization (ISRU) for Space Missions: Asteroid mining offers significant opportunities for in-situ resource utilization, providing essential materials for spacecraft construction, fuel, and life-support systems. This can reduce reliance on Earth-based supplies for long-term space missions, creating a self-sustaining space economy.
  • Expanding Commercial Space Mining Ventures: As space exploration becomes more commercially viable, private companies are exploring asteroid mining for profit. Opportunities exist for businesses to invest in asteroid mining ventures focused on extracting valuable resources, such as precious metals and water, which could revolutionize both space and terrestrial industries.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Asteroid Mining 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 Asteroid Mining 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

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Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

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to country scope.

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 Asteroid Mining Market - By Phase
1.3.2 Asteroid Mining Market - By Asteroid Type
1.3.3 Asteroid Mining Market - By Extraction Technology
1.3.4 Asteroid Mining Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

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

7. ASTEROID MINING MARKET - REVENUE AND FORECASTS TO 2028 - PHASE
7.1. OVERVIEW
7.2. PHASE MARKET FORECASTS AND ANALYSIS
7.3. SPACECRAFT DESIGN
7.3.1. Overview
7.3.2. Spacecraft Design Market Forecast and Analysis
7.4. LAUNCH
7.4.1. Overview
7.4.2. Launch Market Forecast and Analysis
7.5. OPERATION
7.5.1. Overview
7.5.2. Operation Market Forecast and Analysis
8. ASTEROID MINING MARKET - REVENUE AND FORECASTS TO 2028 - ASTEROID TYPE
8.1. OVERVIEW
8.2. ASTEROID TYPE MARKET FORECASTS AND ANALYSIS
8.3. TYPE C
8.3.1. Overview
8.3.2. Type C Market Forecast and Analysis
8.4. TYPE S
8.4.1. Overview
8.4.2. Type S Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. ASTEROID MINING MARKET - REVENUE AND FORECASTS TO 2028 - EXTRACTION TECHNOLOGY
9.1. OVERVIEW
9.2. EXTRACTION TECHNOLOGY MARKET FORECASTS AND ANALYSIS
9.3. SHAFT MINING
9.3.1. Overview
9.3.2. Shaft Mining Market Forecast and Analysis
9.4. MAGNETIC RAKES
9.4.1. Overview
9.4.2. Magnetic Rakes Market Forecast and Analysis
9.5. SURFACE MINING
9.5.1. Overview
9.5.2. Surface Mining Market Forecast and Analysis
9.6. MOND PROCESS
9.6.1. Overview
9.6.2. Mond Process Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis

10. ASTEROID MINING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Asteroid Mining Market Overview
10.1.2 North America Asteroid Mining Market Forecasts and Analysis
10.1.3 North America Asteroid Mining Market Forecasts and Analysis - By Phase
10.1.4 North America Asteroid Mining Market Forecasts and Analysis - By Asteroid Type
10.1.5 North America Asteroid Mining Market Forecasts and Analysis - By Extraction Technology
10.1.6 North America Asteroid Mining Market Forecasts and Analysis - By Countries
10.1.6.1 United States Asteroid Mining Market
10.1.6.1.1 United States Asteroid Mining Market by Phase
10.1.6.1.2 United States Asteroid Mining Market by Asteroid Type
10.1.6.1.3 United States Asteroid Mining Market by Extraction Technology
10.1.6.2 Canada Asteroid Mining Market
10.1.6.2.1 Canada Asteroid Mining Market by Phase
10.1.6.2.2 Canada Asteroid Mining Market by Asteroid Type
10.1.6.2.3 Canada Asteroid Mining Market by Extraction Technology
10.1.6.3 Mexico Asteroid Mining Market
10.1.6.3.1 Mexico Asteroid Mining Market by Phase
10.1.6.3.2 Mexico Asteroid Mining Market by Asteroid Type
10.1.6.3.3 Mexico Asteroid Mining Market by Extraction Technology
10.2. EUROPE
10.2.1 Europe Asteroid Mining Market Overview
10.2.2 Europe Asteroid Mining Market Forecasts and Analysis
10.2.3 Europe Asteroid Mining Market Forecasts and Analysis - By Phase
10.2.4 Europe Asteroid Mining Market Forecasts and Analysis - By Asteroid Type
10.2.5 Europe Asteroid Mining Market Forecasts and Analysis - By Extraction Technology
10.2.6 Europe Asteroid Mining Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Asteroid Mining Market
10.2.6.1.1 Germany Asteroid Mining Market by Phase
10.2.6.1.2 Germany Asteroid Mining Market by Asteroid Type
10.2.6.1.3 Germany Asteroid Mining Market by Extraction Technology
10.2.6.2 France Asteroid Mining Market
10.2.6.2.1 France Asteroid Mining Market by Phase
10.2.6.2.2 France Asteroid Mining Market by Asteroid Type
10.2.6.2.3 France Asteroid Mining Market by Extraction Technology
10.2.6.3 Italy Asteroid Mining Market
10.2.6.3.1 Italy Asteroid Mining Market by Phase
10.2.6.3.2 Italy Asteroid Mining Market by Asteroid Type
10.2.6.3.3 Italy Asteroid Mining Market by Extraction Technology
10.2.6.4 United Kingdom Asteroid Mining Market
10.2.6.4.1 United Kingdom Asteroid Mining Market by Phase
10.2.6.4.2 United Kingdom Asteroid Mining Market by Asteroid Type
10.2.6.4.3 United Kingdom Asteroid Mining Market by Extraction Technology
10.2.6.5 Russia Asteroid Mining Market
10.2.6.5.1 Russia Asteroid Mining Market by Phase
10.2.6.5.2 Russia Asteroid Mining Market by Asteroid Type
10.2.6.5.3 Russia Asteroid Mining Market by Extraction Technology
10.2.6.6 Rest of Europe Asteroid Mining Market
10.2.6.6.1 Rest of Europe Asteroid Mining Market by Phase
10.2.6.6.2 Rest of Europe Asteroid Mining Market by Asteroid Type
10.2.6.6.3 Rest of Europe Asteroid Mining Market by Extraction Technology
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Asteroid Mining Market Overview
10.3.2 Asia-Pacific Asteroid Mining Market Forecasts and Analysis
10.3.3 Asia-Pacific Asteroid Mining Market Forecasts and Analysis - By Phase
10.3.4 Asia-Pacific Asteroid Mining Market Forecasts and Analysis - By Asteroid Type
10.3.5 Asia-Pacific Asteroid Mining Market Forecasts and Analysis - By Extraction Technology
10.3.6 Asia-Pacific Asteroid Mining Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Asteroid Mining Market
10.3.6.1.1 Australia Asteroid Mining Market by Phase
10.3.6.1.2 Australia Asteroid Mining Market by Asteroid Type
10.3.6.1.3 Australia Asteroid Mining Market by Extraction Technology
10.3.6.2 China Asteroid Mining Market
10.3.6.2.1 China Asteroid Mining Market by Phase
10.3.6.2.2 China Asteroid Mining Market by Asteroid Type
10.3.6.2.3 China Asteroid Mining Market by Extraction Technology
10.3.6.3 India Asteroid Mining Market
10.3.6.3.1 India Asteroid Mining Market by Phase
10.3.6.3.2 India Asteroid Mining Market by Asteroid Type
10.3.6.3.3 India Asteroid Mining Market by Extraction Technology
10.3.6.4 Japan Asteroid Mining Market
10.3.6.4.1 Japan Asteroid Mining Market by Phase
10.3.6.4.2 Japan Asteroid Mining Market by Asteroid Type
10.3.6.4.3 Japan Asteroid Mining Market by Extraction Technology
10.3.6.5 South Korea Asteroid Mining Market
10.3.6.5.1 South Korea Asteroid Mining Market by Phase
10.3.6.5.2 South Korea Asteroid Mining Market by Asteroid Type
10.3.6.5.3 South Korea Asteroid Mining Market by Extraction Technology
10.3.6.6 Rest of Asia-Pacific Asteroid Mining Market
10.3.6.6.1 Rest of Asia-Pacific Asteroid Mining Market by Phase
10.3.6.6.2 Rest of Asia-Pacific Asteroid Mining Market by Asteroid Type
10.3.6.6.3 Rest of Asia-Pacific Asteroid Mining Market by Extraction Technology
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Asteroid Mining Market Overview
10.4.2 Middle East and Africa Asteroid Mining Market Forecasts and Analysis
10.4.3 Middle East and Africa Asteroid Mining Market Forecasts and Analysis - By Phase
10.4.4 Middle East and Africa Asteroid Mining Market Forecasts and Analysis - By Asteroid Type
10.4.5 Middle East and Africa Asteroid Mining Market Forecasts and Analysis - By Extraction Technology
10.4.6 Middle East and Africa Asteroid Mining Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Asteroid Mining Market
10.4.6.1.1 South Africa Asteroid Mining Market by Phase
10.4.6.1.2 South Africa Asteroid Mining Market by Asteroid Type
10.4.6.1.3 South Africa Asteroid Mining Market by Extraction Technology
10.4.6.2 Saudi Arabia Asteroid Mining Market
10.4.6.2.1 Saudi Arabia Asteroid Mining Market by Phase
10.4.6.2.2 Saudi Arabia Asteroid Mining Market by Asteroid Type
10.4.6.2.3 Saudi Arabia Asteroid Mining Market by Extraction Technology
10.4.6.3 U.A.E Asteroid Mining Market
10.4.6.3.1 U.A.E Asteroid Mining Market by Phase
10.4.6.3.2 U.A.E Asteroid Mining Market by Asteroid Type
10.4.6.3.3 U.A.E Asteroid Mining Market by Extraction Technology
10.4.6.4 Rest of Middle East and Africa Asteroid Mining Market
10.4.6.4.1 Rest of Middle East and Africa Asteroid Mining Market by Phase
10.4.6.4.2 Rest of Middle East and Africa Asteroid Mining Market by Asteroid Type
10.4.6.4.3 Rest of Middle East and Africa Asteroid Mining Market by Extraction Technology
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Asteroid Mining Market Overview
10.5.2 South and Central America Asteroid Mining Market Forecasts and Analysis
10.5.3 South and Central America Asteroid Mining Market Forecasts and Analysis - By Phase
10.5.4 South and Central America Asteroid Mining Market Forecasts and Analysis - By Asteroid Type
10.5.5 South and Central America Asteroid Mining Market Forecasts and Analysis - By Extraction Technology
10.5.6 South and Central America Asteroid Mining Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Asteroid Mining Market
10.5.6.1.1 Brazil Asteroid Mining Market by Phase
10.5.6.1.2 Brazil Asteroid Mining Market by Asteroid Type
10.5.6.1.3 Brazil Asteroid Mining Market by Extraction Technology
10.5.6.2 Argentina Asteroid Mining Market
10.5.6.2.1 Argentina Asteroid Mining Market by Phase
10.5.6.2.2 Argentina Asteroid Mining Market by Asteroid Type
10.5.6.2.3 Argentina Asteroid Mining Market by Extraction Technology
10.5.6.3 Rest of South and Central America Asteroid Mining Market
10.5.6.3.1 Rest of South and Central America Asteroid Mining Market by Phase
10.5.6.3.2 Rest of South and Central America Asteroid Mining Market by Asteroid Type
10.5.6.3.3 Rest of South and Central America Asteroid Mining Market by Extraction Technology

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. ASTEROID MINING MARKET, KEY COMPANY PROFILES
12.1. ASTEROID MINING CORPORATION LIMITED
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. BRADFORD
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. ISPACE, INC
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. KLEOS SPACE
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. MOON EXPRESS
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. CONSENSYS
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. SPACEFAB.US
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. SIERRA NEVADA CORPORATION
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. OFFWORLD
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. VIRGIN GALACTIC
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
The List of Companies

1. Asteroid Mining Corporation Limited
2. Bradford
3. iSpace, Inc
4. Kleos Space
5. Moon Express
6. ConsenSys
7. Spacefab.US
8. Sierra Nevada Corporation
9. Offworld
10. Virgin Galactic

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.

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