Business Jet Maintenance Market 2021-2031: Share and Forecast
The Business Jet Maintenance Market is expected to register a CAGR of 5.2% 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 Maintenance Type (Base Maintenance, Line Maintenance); Components (Cabin, Engine, Airframe, Landing Gear, Avionics, 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 ReportThe report Business Jet Maintenance 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.
Business Jet Maintenance Market Segmentation
Maintenance Type- Base Maintenance
- Line Maintenance
- Cabin
- Engine
- Airframe
- Landing Gear
- Avionics
- Others
Strategic Insights
Business Jet Maintenance Market Growth Drivers- Expansion of Aircraft Production in Emerging Markets: The increasing demand for both commercial and military aircraft in emerging markets, particularly in Asia-Pacific, the Middle East, and Latin America, presents a significant opportunity for the aircraft canopy market. As countries in these regions modernize their air fleets and expand their aerospace industries, there is a growing need for high-quality canopies for new aircraft. The expansion of local manufacturing and increased military investments in these regions create opportunities for canopy manufacturers to tap into a large and expanding market.
- Advancements in Autonomous Aircraft and UAVs: The rise of autonomous aircraft and unmanned aerial vehicles (UAVs) offers new opportunities for the aircraft canopy market. As UAVs and drones become more widely used for applications such as surveillance, cargo delivery, and environmental monitoring, the need for specialized canopies designed for these platforms is growing. UAV canopies must meet unique requirements for size, weight, durability, and environmental resistance, creating a niche market for manufacturers to develop tailored canopy solutions for autonomous aircraft.
- Growing Demand for Retrofit and Replacement Canopies: As many military and commercial aircraft fleets age, there is a significant opportunity in the aftermarket for retrofit and replacement canopies. Older aircraft often require canopy replacements due to wear and tear, fading, or damage from environmental conditions. With fleet upgrades and aircraft lifespan extensions in mind, operators are turning to replacement canopies to maintain safety standards and ensure continued operation. This creates an ongoing revenue stream for canopy manufacturers in both the commercial and military sectors
- Expansion of Aircraft Production in Emerging Markets: The increasing demand for both commercial and military aircraft in emerging markets, particularly in Asia-Pacific, the Middle East, and Latin America, presents a significant opportunity for the aircraft canopy market. As countries in these regions modernize their air fleets and expand their aerospace industries, there is a growing need for high-quality canopies for new aircraft. The expansion of local manufacturing and increased military investments in these regions create opportunities for canopy manufacturers to tap into a large and expanding market.
- Advancements in Autonomous Aircraft and UAVs: The rise of autonomous aircraft and unmanned aerial vehicles (UAVs) offers new opportunities for the aircraft canopy market. As UAVs and drones become more widely used for applications such as surveillance, cargo delivery, and environmental monitoring, the need for specialized canopies designed for these platforms is growing. UAV canopies must meet unique requirements for size, weight, durability, and environmental resistance, creating a niche market for manufacturers to develop tailored canopy solutions for autonomous aircraft.
- Growing Demand for Retrofit and Replacement Canopies: As many military and commercial aircraft fleets age, there is a significant opportunity in the aftermarket for retrofit and replacement canopies. Older aircraft often require canopy replacements due to wear and tear, fading, or damage from environmental conditions. With fleet upgrades and aircraft lifespan extensions in mind, operators are turning to replacement canopies to maintain safety standards and ensure continued operation. This creates an ongoing revenue stream for canopy manufacturers in both the commercial and military sectors
- Expansion of Business Jet Fleets in Emerging Markets: The growing demand for business jets in emerging markets, particularly in regions like Asia-Pacific, the Middle East, and Latin America, presents significant opportunities for the business jet maintenance market. As more companies and individuals in these regions acquire business jets, the need for comprehensive MRO services, including routine checks, repairs, and system upgrades, will rise. The expansion of maintenance networks in these regions offers new opportunities for local and global MRO service providers to cater to the growing fleet.
- Development of Advanced MRO Technologies and Tools: The continuous development of advanced maintenance technologies presents opportunities for growth in the business jet maintenance market. New tools, such as advanced diagnostic equipment, augmented reality (AR) for real-time troubleshooting, and robotics for high-precision tasks, are enhancing the quality, speed, and efficiency of aircraft maintenance. These innovations provide a competitive edge for MRO providers and can reduce turnaround times, making business jet maintenance more efficient and cost-effective. Adoption of these technologies offers an opportunity for MRO providers to differentiate themselves in the market.
- Increased Demand for Retrofit and Upgrades: As business jets age or as operators seek to maintain competitiveness, there is growing demand for retrofit and upgrade services. Business jets are often equipped with older avionics or less fuel-efficient engines that need modernization. This opens up significant opportunities for MRO service providers to offer retrofit services, including installing new communication systems, upgrading engine components, and enhancing cabin comfort. As business jet owners strive to keep their aircraft up-to-date with the latest technologies, the retrofit and upgrade market presents a lucrative opportunity for MRO service providers
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Business Jet Maintenance 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 Business Jet Maintenance 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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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
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.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Business Jet Maintenance Market include ABS Jets, a. s., Aero-Dienst GmbH, AIRSHARE, Aviation Technical Services, Chantilly Air, FAI Aviation Group, Gama Aviation Plc, Jet Aviation Inc., Jet Linx Aviation
Growing Focus on Long Term Performance of Business Jets and Growing Demand of Business Jets are the key future trend of the Business Jet Maintenance Market
The Business Jet Maintenance Market is estimated to witness a CAGR of 5.2% from 2023 to 2031
The major factors driving the Business Jet Maintenance Market are: Upsurging Trends in the Aircraft/Jet Manufacturing Facilities and Growing Demand for MRO Operations
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Business Jet Maintenance Market - By Maintenance Type
1.3.2 Business Jet Maintenance Market - By Components
1.3.3 Business Jet Maintenance Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BUSINESS JET MAINTENANCE 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. BUSINESS JET MAINTENANCE 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. BUSINESS JET MAINTENANCE MARKET - GLOBAL MARKET ANALYSIS
6.1. BUSINESS JET MAINTENANCE - GLOBAL MARKET OVERVIEW
6.2. BUSINESS JET MAINTENANCE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BUSINESS JET MAINTENANCE MARKET - REVENUE AND FORECASTS TO 2028 - MAINTENANCE TYPE
7.1. OVERVIEW
7.2. MAINTENANCE TYPE MARKET FORECASTS AND ANALYSIS
7.3. BASE MAINTENANCE
7.3.1. Overview
7.3.2. Base Maintenance Market Forecast and Analysis
7.4. LINE MAINTENANCE
7.4.1. Overview
7.4.2. Line Maintenance Market Forecast and Analysis
8. BUSINESS JET MAINTENANCE MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENTS
8.1. OVERVIEW
8.2. COMPONENTS MARKET FORECASTS AND ANALYSIS
8.3. CABIN
8.3.1. Overview
8.3.2. Cabin Market Forecast and Analysis
8.4. ENGINE
8.4.1. Overview
8.4.2. Engine Market Forecast and Analysis
8.5. AIRFRAME
8.5.1. Overview
8.5.2. Airframe Market Forecast and Analysis
8.6. LANDING GEAR
8.6.1. Overview
8.6.2. Landing Gear Market Forecast and Analysis
8.7. AVIONICS
8.7.1. Overview
8.7.2. Avionics Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. BUSINESS JET MAINTENANCE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Business Jet Maintenance Market Overview
9.1.2 North America Business Jet Maintenance Market Forecasts and Analysis
9.1.3 North America Business Jet Maintenance Market Forecasts and Analysis - By Maintenance Type
9.1.4 North America Business Jet Maintenance Market Forecasts and Analysis - By Components
9.1.5 North America Business Jet Maintenance Market Forecasts and Analysis - By Countries
9.1.5.1 United States Business Jet Maintenance Market
9.1.5.1.1 United States Business Jet Maintenance Market by Maintenance Type
9.1.5.1.2 United States Business Jet Maintenance Market by Components
9.1.5.2 Canada Business Jet Maintenance Market
9.1.5.2.1 Canada Business Jet Maintenance Market by Maintenance Type
9.1.5.2.2 Canada Business Jet Maintenance Market by Components
9.1.5.3 Mexico Business Jet Maintenance Market
9.1.5.3.1 Mexico Business Jet Maintenance Market by Maintenance Type
9.1.5.3.2 Mexico Business Jet Maintenance Market by Components
9.1.5.4 US Business Jet Maintenance Market
9.1.5.4.1 US Business Jet Maintenance Market by Maintenance Type
9.1.5.4.2 US Business Jet Maintenance Market by Components
9.2. EUROPE
9.2.1 Europe Business Jet Maintenance Market Overview
9.2.2 Europe Business Jet Maintenance Market Forecasts and Analysis
9.2.3 Europe Business Jet Maintenance Market Forecasts and Analysis - By Maintenance Type
9.2.4 Europe Business Jet Maintenance Market Forecasts and Analysis - By Components
9.2.5 Europe Business Jet Maintenance Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Business Jet Maintenance Market
9.2.5.1.1 Germany Business Jet Maintenance Market by Maintenance Type
9.2.5.1.2 Germany Business Jet Maintenance Market by Components
9.2.5.2 France Business Jet Maintenance Market
9.2.5.2.1 France Business Jet Maintenance Market by Maintenance Type
9.2.5.2.2 France Business Jet Maintenance Market by Components
9.2.5.3 Italy Business Jet Maintenance Market
9.2.5.3.1 Italy Business Jet Maintenance Market by Maintenance Type
9.2.5.3.2 Italy Business Jet Maintenance Market by Components
9.2.5.4 Spain Business Jet Maintenance Market
9.2.5.4.1 Spain Business Jet Maintenance Market by Maintenance Type
9.2.5.4.2 Spain Business Jet Maintenance Market by Components
9.2.5.5 United Kingdom Business Jet Maintenance Market
9.2.5.5.1 United Kingdom Business Jet Maintenance Market by Maintenance Type
9.2.5.5.2 United Kingdom Business Jet Maintenance Market by Components
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Business Jet Maintenance Market Overview
9.3.2 Asia-Pacific Business Jet Maintenance Market Forecasts and Analysis
9.3.3 Asia-Pacific Business Jet Maintenance Market Forecasts and Analysis - By Maintenance Type
9.3.4 Asia-Pacific Business Jet Maintenance Market Forecasts and Analysis - By Components
9.3.5 Asia-Pacific Business Jet Maintenance Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Business Jet Maintenance Market
9.3.5.1.1 Australia Business Jet Maintenance Market by Maintenance Type
9.3.5.1.2 Australia Business Jet Maintenance Market by Components
9.3.5.2 China Business Jet Maintenance Market
9.3.5.2.1 China Business Jet Maintenance Market by Maintenance Type
9.3.5.2.2 China Business Jet Maintenance Market by Components
9.3.5.3 India Business Jet Maintenance Market
9.3.5.3.1 India Business Jet Maintenance Market by Maintenance Type
9.3.5.3.2 India Business Jet Maintenance Market by Components
9.3.5.4 Japan Business Jet Maintenance Market
9.3.5.4.1 Japan Business Jet Maintenance Market by Maintenance Type
9.3.5.4.2 Japan Business Jet Maintenance Market by Components
9.3.5.5 Rest of Asia-Pacific Business Jet Maintenance Market
9.3.5.5.1 Rest of Asia-Pacific Business Jet Maintenance Market by Maintenance Type
9.3.5.5.2 Rest of Asia-Pacific Business Jet Maintenance Market by Components
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Business Jet Maintenance Market Overview
9.4.2 Middle East and Africa Business Jet Maintenance Market Forecasts and Analysis
9.4.3 Middle East and Africa Business Jet Maintenance Market Forecasts and Analysis - By Maintenance Type
9.4.4 Middle East and Africa Business Jet Maintenance Market Forecasts and Analysis - By Components
9.4.5 Middle East and Africa Business Jet Maintenance Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Business Jet Maintenance Market
9.4.5.1.1 South Africa Business Jet Maintenance Market by Maintenance Type
9.4.5.1.2 South Africa Business Jet Maintenance Market by Components
9.4.5.2 Saudi Arabia Business Jet Maintenance Market
9.4.5.2.1 Saudi Arabia Business Jet Maintenance Market by Maintenance Type
9.4.5.2.2 Saudi Arabia Business Jet Maintenance Market by Components
9.4.5.3 U.A.E Business Jet Maintenance Market
9.4.5.3.1 U.A.E Business Jet Maintenance Market by Maintenance Type
9.4.5.3.2 U.A.E Business Jet Maintenance Market by Components
9.4.5.4 Rest of Middle East and Africa Business Jet Maintenance Market
9.4.5.4.1 Rest of Middle East and Africa Business Jet Maintenance Market by Maintenance Type
9.4.5.4.2 Rest of Middle East and Africa Business Jet Maintenance Market by Components
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Business Jet Maintenance Market Overview
9.5.2 South and Central America Business Jet Maintenance Market Forecasts and Analysis
9.5.3 South and Central America Business Jet Maintenance Market Forecasts and Analysis - By Maintenance Type
9.5.4 South and Central America Business Jet Maintenance Market Forecasts and Analysis - By Components
9.5.5 South and Central America Business Jet Maintenance Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Business Jet Maintenance Market
9.5.5.1.1 Brazil Business Jet Maintenance Market by Maintenance Type
9.5.5.1.2 Brazil Business Jet Maintenance Market by Components
9.5.5.2 Argentina Business Jet Maintenance Market
9.5.5.2.1 Argentina Business Jet Maintenance Market by Maintenance Type
9.5.5.2.2 Argentina Business Jet Maintenance Market by Components
9.5.5.3 Chile Business Jet Maintenance Market
9.5.5.3.1 Chile Business Jet Maintenance Market by Maintenance Type
9.5.5.3.2 Chile Business Jet Maintenance Market by Components
9.5.5.4 Rest of South and Central America Business Jet Maintenance Market
9.5.5.4.1 Rest of South and Central America Business Jet Maintenance Market by Maintenance Type
9.5.5.4.2 Rest of South and Central America Business Jet Maintenance Market by Components
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. BUSINESS JET MAINTENANCE MARKET, KEY COMPANY PROFILES
11.1. ABS JETS, A. S.
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. AERO-DIENST GMBH
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. AIRSHARE
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. AVIATION TECHNICAL SERVICES
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. CHANTILLY AIR
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. FAI AVIATION GROUP
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. GAMA AVIATION PLC
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. JET AVIATION INC.
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. JET LINX AVIATION
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. POLAR AVIATION OY
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
1.ABS Jets, a. s.
2.Aero-Dienst GmbH
3.AIRSHARE
4.Aviation Technical Services
5.Chantilly Air
6.FAI Aviation Group
7.Gama Aviation Plc
8.Jet Aviation Inc.
9.Jet Linx Aviation
10.Polar Aviation Oy
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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