Carrier Rocket Market Report (2021-2031) | The Insight Partners
The Carrier Rocket Market is expected to register a CAGR of 10.9% 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 Type (Cargo, Satellite, Others); Payload Carrying Capacity (Less than 4 tons, 4 tons to 8 tons, Above 8 tons); Range (LEO, MEO, GEO, Others); End User (Government, Commercial). 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 Carrier Rocket 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.
Carrier Rocket Market Segmentation
Type- Cargo
- Satellite
- Others
- Less than 4 tons
- 4 tons to 8 tons
- Above 8 tons
- LEO
- MEO
- GEO
- Others
- Government
- Commercial
- Government
- Commercial
Strategic Insights
Carrier Rocket Market Growth Drivers- Rising Number of Strategic Initiatives by Market Players: Companies operating in the carrier rocket market are majorly focusing on new product development in alliance with space and rocket research organizations. Growing focus on space observatory initatives and rising development in the space projects are anticpated to drove the growth of carrier rocket market.
- Growing Initiatives to Launch Space Landers, Spacecraft, and Space Tugs: The global space sector is driven by rising demand from services such as earth observation, satellite communications, and positioning timing and navigation. The space sector is witnessing the growing presence of private players and experiencing heightened demand arising from the need for information related to space. Constellations of small satellites in Low Earth Orbit are a major part of this movement, known as NewSpace. In January 2024, Exotrail announced its plans to launch a new orbital vehicle aimed at small satellites that are required to transit from geostationary transfer orbit to their destination. Thus, the growing number of initiatives toward space landers, spacecraft, and space tugs propels the growth of the carrier rocket market.
- Deployment of Satellite Constellations: The substantial upsurge in satellite constellations has propelled the requirement for a competent satellite constellation management plan. To address this emerging need, companies and agencies operating in the space industry are analyzing the potential strategies for constellation launches, set-ups, alternatives for failed satellites, and end-of-life policies. In March 2024, the European Defence Agency brought together two EU Member States, the Netherlands and Austria, to fabricate a satellite demonstrator that can maneuver from Low Earth Orbit to Very Low Earth Orbit. The US$ 10 million project named “LEO2VLEO: Military Crisis-Response Satellite Constellation” is primarily designed, developed, launched, and operated for a constellation of two and four satellites. It targets a space launch in the coming two years. Thus, the growing deployment of satellite constellations is anticipated to provide lucrative opportunities for the carrier rocket market during the forecast period.
- Commercial Space Exploration: The rising interest in commercial space ventures, including lunar missions and space tourism, offers opportunities for carrier rocket companies to support private enterprises with reliable, cost-effective launches, expanding beyond traditional government contracts.
- Rising Number of Satellite Launches: There is a rising number of satellites launched into orbit for applications such as communication, earth observation, and navigation. According to the United Nations Office for Outer Space Affairs (UNOOSA), 2,474 satellites were launched in 2022, compared to 1,810 in 2021 across the world. In January 2024, Iran launched three satellites utilizing its carrier rocket fabricated by the Ministry of Defense and Armed Forces Logistics. In 2023, HyPrSpace, Leonardo, Thales, and CT Engineering received funding for a project worth US$38 million that aims to demonstrate a new kind of rocket engine to be launched into space. Thus, the growing investments in the satellite and space industry leading to the upsurging number of satellites launches boost the growth of the global carrier rocket market
- Reusable Rocket Technology: The development of reusable carrier rockets, pioneered by companies like SpaceX, is revolutionizing the market by drastically reducing launch costs and improving frequency. This trend is making space access more affordable and sustainable, attracting both commercial and government customers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Carrier Rocket 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 Carrier Rocket 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 Carrier Rocket Market is estimated to witness a CAGR of 10.9% from 2023 to 2031
The major factors driving the Carrier Rocket Market are: Rising Number of Strategic Initiatives by Market Players and Growing Initiatives to Launch Space Landers, Spacecraft, and Space Tugs
Rising Number of Satellite Launches is the key future trend of the Carrier Rocket Market
The leading players operating in the Carrier Rocket Market include Antrix Corporation Limited, Arianespace, IHI AEROSPACE Co., Ltd., Boeing, Northrop Grumman Corporation, Mitsubishi Heavy Industries, Ltd., SPACEX, Rocket Lab, Airbus S.A.S.
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 Carrier Rocket Market - By Type
1.3.2 Carrier Rocket Market - By Payload Carrying Capacity
1.3.3 Carrier Rocket Market - By Range
1.3.4 Carrier Rocket Market - By End User
1.3.5 Carrier Rocket Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CARRIER ROCKET 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. CARRIER ROCKET 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. CARRIER ROCKET MARKET - GLOBAL MARKET ANALYSIS
6.1. CARRIER ROCKET - GLOBAL MARKET OVERVIEW
6.2. CARRIER ROCKET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. CARRIER ROCKET MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CARGO
7.3.1. Overview
7.3.2. Cargo Market Forecast and Analysis
7.4. SATELLITE
7.4.1. Overview
7.4.2. Satellite Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. CARRIER ROCKET MARKET - REVENUE AND FORECASTS TO 2028 - PAYLOAD CARRYING CAPACITY
8.1. OVERVIEW
8.2. PAYLOAD CARRYING CAPACITY MARKET FORECASTS AND ANALYSIS
8.3. LESS THAN 4 TONS
8.3.1. Overview
8.3.2. Less than 4 tons Market Forecast and Analysis
8.4. 4 TONS TO 8 TONS
8.4.1. Overview
8.4.2. 4 tons to 8 tons Market Forecast and Analysis
8.5. ABOVE 8 TONS
8.5.1. Overview
8.5.2. Above 8 tons Market Forecast and Analysis
9. CARRIER ROCKET MARKET - REVENUE AND FORECASTS TO 2028 - RANGE
9.1. OVERVIEW
9.2. RANGE MARKET FORECASTS AND ANALYSIS
9.3. LEO
9.3.1. Overview
9.3.2. LEO Market Forecast and Analysis
9.4. MEO
9.4.1. Overview
9.4.2. MEO Market Forecast and Analysis
9.5. GEO
9.5.1. Overview
9.5.2. GEO Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. CARRIER ROCKET MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. GOVERNMENT
10.3.1. Overview
10.3.2. Government Market Forecast and Analysis
10.4. COMMERCIAL
10.4.1. Overview
10.4.2. Commercial Market Forecast and Analysis
11. CARRIER ROCKET MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Carrier Rocket Market Overview
11.1.2 North America Carrier Rocket Market Forecasts and Analysis
11.1.3 North America Carrier Rocket Market Forecasts and Analysis - By Type
11.1.4 North America Carrier Rocket Market Forecasts and Analysis - By Payload Carrying Capacity
11.1.5 North America Carrier Rocket Market Forecasts and Analysis - By Range
11.1.6 North America Carrier Rocket Market Forecasts and Analysis - By End User
11.1.7 North America Carrier Rocket Market Forecasts and Analysis - By Countries
11.1.7.1 United States Carrier Rocket Market
11.1.7.1.1 United States Carrier Rocket Market by Type
11.1.7.1.2 United States Carrier Rocket Market by Payload Carrying Capacity
11.1.7.1.3 United States Carrier Rocket Market by Range
11.1.7.1.4 United States Carrier Rocket Market by End User
11.1.7.2 Canada Carrier Rocket Market
11.1.7.2.1 Canada Carrier Rocket Market by Type
11.1.7.2.2 Canada Carrier Rocket Market by Payload Carrying Capacity
11.1.7.2.3 Canada Carrier Rocket Market by Range
11.1.7.2.4 Canada Carrier Rocket Market by End User
11.1.7.3 Mexico Carrier Rocket Market
11.1.7.3.1 Mexico Carrier Rocket Market by Type
11.1.7.3.2 Mexico Carrier Rocket Market by Payload Carrying Capacity
11.1.7.3.3 Mexico Carrier Rocket Market by Range
11.1.7.3.4 Mexico Carrier Rocket Market by End User
11.2. EUROPE
11.2.1 Europe Carrier Rocket Market Overview
11.2.2 Europe Carrier Rocket Market Forecasts and Analysis
11.2.3 Europe Carrier Rocket Market Forecasts and Analysis - By Type
11.2.4 Europe Carrier Rocket Market Forecasts and Analysis - By Payload Carrying Capacity
11.2.5 Europe Carrier Rocket Market Forecasts and Analysis - By Range
11.2.6 Europe Carrier Rocket Market Forecasts and Analysis - By End User
11.2.7 Europe Carrier Rocket Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Carrier Rocket Market
11.2.7.1.1 Germany Carrier Rocket Market by Type
11.2.7.1.2 Germany Carrier Rocket Market by Payload Carrying Capacity
11.2.7.1.3 Germany Carrier Rocket Market by Range
11.2.7.1.4 Germany Carrier Rocket Market by End User
11.2.7.2 France Carrier Rocket Market
11.2.7.2.1 France Carrier Rocket Market by Type
11.2.7.2.2 France Carrier Rocket Market by Payload Carrying Capacity
11.2.7.2.3 France Carrier Rocket Market by Range
11.2.7.2.4 France Carrier Rocket Market by End User
11.2.7.3 Italy Carrier Rocket Market
11.2.7.3.1 Italy Carrier Rocket Market by Type
11.2.7.3.2 Italy Carrier Rocket Market by Payload Carrying Capacity
11.2.7.3.3 Italy Carrier Rocket Market by Range
11.2.7.3.4 Italy Carrier Rocket Market by End User
11.2.7.4 United Kingdom Carrier Rocket Market
11.2.7.4.1 United Kingdom Carrier Rocket Market by Type
11.2.7.4.2 United Kingdom Carrier Rocket Market by Payload Carrying Capacity
11.2.7.4.3 United Kingdom Carrier Rocket Market by Range
11.2.7.4.4 United Kingdom Carrier Rocket Market by End User
11.2.7.5 Russia Carrier Rocket Market
11.2.7.5.1 Russia Carrier Rocket Market by Type
11.2.7.5.2 Russia Carrier Rocket Market by Payload Carrying Capacity
11.2.7.5.3 Russia Carrier Rocket Market by Range
11.2.7.5.4 Russia Carrier Rocket Market by End User
11.2.7.6 Rest of Europe Carrier Rocket Market
11.2.7.6.1 Rest of Europe Carrier Rocket Market by Type
11.2.7.6.2 Rest of Europe Carrier Rocket Market by Payload Carrying Capacity
11.2.7.6.3 Rest of Europe Carrier Rocket Market by Range
11.2.7.6.4 Rest of Europe Carrier Rocket Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Carrier Rocket Market Overview
11.3.2 Asia-Pacific Carrier Rocket Market Forecasts and Analysis
11.3.3 Asia-Pacific Carrier Rocket Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Carrier Rocket Market Forecasts and Analysis - By Payload Carrying Capacity
11.3.5 Asia-Pacific Carrier Rocket Market Forecasts and Analysis - By Range
11.3.6 Asia-Pacific Carrier Rocket Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Carrier Rocket Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Carrier Rocket Market
11.3.7.1.1 Australia Carrier Rocket Market by Type
11.3.7.1.2 Australia Carrier Rocket Market by Payload Carrying Capacity
11.3.7.1.3 Australia Carrier Rocket Market by Range
11.3.7.1.4 Australia Carrier Rocket Market by End User
11.3.7.2 China Carrier Rocket Market
11.3.7.2.1 China Carrier Rocket Market by Type
11.3.7.2.2 China Carrier Rocket Market by Payload Carrying Capacity
11.3.7.2.3 China Carrier Rocket Market by Range
11.3.7.2.4 China Carrier Rocket Market by End User
11.3.7.3 India Carrier Rocket Market
11.3.7.3.1 India Carrier Rocket Market by Type
11.3.7.3.2 India Carrier Rocket Market by Payload Carrying Capacity
11.3.7.3.3 India Carrier Rocket Market by Range
11.3.7.3.4 India Carrier Rocket Market by End User
11.3.7.4 Japan Carrier Rocket Market
11.3.7.4.1 Japan Carrier Rocket Market by Type
11.3.7.4.2 Japan Carrier Rocket Market by Payload Carrying Capacity
11.3.7.4.3 Japan Carrier Rocket Market by Range
11.3.7.4.4 Japan Carrier Rocket Market by End User
11.3.7.5 South Korea Carrier Rocket Market
11.3.7.5.1 South Korea Carrier Rocket Market by Type
11.3.7.5.2 South Korea Carrier Rocket Market by Payload Carrying Capacity
11.3.7.5.3 South Korea Carrier Rocket Market by Range
11.3.7.5.4 South Korea Carrier Rocket Market by End User
11.3.7.6 Rest of Asia-Pacific Carrier Rocket Market
11.3.7.6.1 Rest of Asia-Pacific Carrier Rocket Market by Type
11.3.7.6.2 Rest of Asia-Pacific Carrier Rocket Market by Payload Carrying Capacity
11.3.7.6.3 Rest of Asia-Pacific Carrier Rocket Market by Range
11.3.7.6.4 Rest of Asia-Pacific Carrier Rocket Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Carrier Rocket Market Overview
11.4.2 Middle East and Africa Carrier Rocket Market Forecasts and Analysis
11.4.3 Middle East and Africa Carrier Rocket Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Carrier Rocket Market Forecasts and Analysis - By Payload Carrying Capacity
11.4.5 Middle East and Africa Carrier Rocket Market Forecasts and Analysis - By Range
11.4.6 Middle East and Africa Carrier Rocket Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Carrier Rocket Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Carrier Rocket Market
11.4.7.1.1 South Africa Carrier Rocket Market by Type
11.4.7.1.2 South Africa Carrier Rocket Market by Payload Carrying Capacity
11.4.7.1.3 South Africa Carrier Rocket Market by Range
11.4.7.1.4 South Africa Carrier Rocket Market by End User
11.4.7.2 Saudi Arabia Carrier Rocket Market
11.4.7.2.1 Saudi Arabia Carrier Rocket Market by Type
11.4.7.2.2 Saudi Arabia Carrier Rocket Market by Payload Carrying Capacity
11.4.7.2.3 Saudi Arabia Carrier Rocket Market by Range
11.4.7.2.4 Saudi Arabia Carrier Rocket Market by End User
11.4.7.3 U.A.E Carrier Rocket Market
11.4.7.3.1 U.A.E Carrier Rocket Market by Type
11.4.7.3.2 U.A.E Carrier Rocket Market by Payload Carrying Capacity
11.4.7.3.3 U.A.E Carrier Rocket Market by Range
11.4.7.3.4 U.A.E Carrier Rocket Market by End User
11.4.7.4 Rest of Middle East and Africa Carrier Rocket Market
11.4.7.4.1 Rest of Middle East and Africa Carrier Rocket Market by Type
11.4.7.4.2 Rest of Middle East and Africa Carrier Rocket Market by Payload Carrying Capacity
11.4.7.4.3 Rest of Middle East and Africa Carrier Rocket Market by Range
11.4.7.4.4 Rest of Middle East and Africa Carrier Rocket Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Carrier Rocket Market Overview
11.5.2 South and Central America Carrier Rocket Market Forecasts and Analysis
11.5.3 South and Central America Carrier Rocket Market Forecasts and Analysis - By Type
11.5.4 South and Central America Carrier Rocket Market Forecasts and Analysis - By Payload Carrying Capacity
11.5.5 South and Central America Carrier Rocket Market Forecasts and Analysis - By Range
11.5.6 South and Central America Carrier Rocket Market Forecasts and Analysis - By End User
11.5.7 South and Central America Carrier Rocket Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Carrier Rocket Market
11.5.7.1.1 Brazil Carrier Rocket Market by Type
11.5.7.1.2 Brazil Carrier Rocket Market by Payload Carrying Capacity
11.5.7.1.3 Brazil Carrier Rocket Market by Range
11.5.7.1.4 Brazil Carrier Rocket Market by End User
11.5.7.2 Argentina Carrier Rocket Market
11.5.7.2.1 Argentina Carrier Rocket Market by Type
11.5.7.2.2 Argentina Carrier Rocket Market by Payload Carrying Capacity
11.5.7.2.3 Argentina Carrier Rocket Market by Range
11.5.7.2.4 Argentina Carrier Rocket Market by End User
11.5.7.3 Rest of South and Central America Carrier Rocket Market
11.5.7.3.1 Rest of South and Central America Carrier Rocket Market by Type
11.5.7.3.2 Rest of South and Central America Carrier Rocket Market by Payload Carrying Capacity
11.5.7.3.3 Rest of South and Central America Carrier Rocket Market by Range
11.5.7.3.4 Rest of South and Central America Carrier Rocket Market by End User
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. CARRIER ROCKET MARKET, KEY COMPANY PROFILES
13.1. ANTRIX CORPORATION LIMITED
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. ARIANESPACE
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. IHI AEROSPACE CO., LTD.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. BOEING
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. NORTHROP GRUMMAN CORPORATION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. MITSUBISHI HEAVY INDUSTRIES, LTD.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. SPACEX
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ROCKET LAB
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. AIRBUS S.A.S.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. BLUE ORIGIN
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Antrix Corporation Limited
2. Arianespace
3. IHI AEROSPACE Co., Ltd.
4. Boeing
5. Northrop Grumman Corporation
6. Mitsubishi Heavy Industries, Ltd.
7. SPACEX
8. Rocket Lab
9. Airbus S.A.S.
10. BLUE ORIGIN
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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