Close-in Weapon Systems Market Key Findings by 2031
A close-in weapon system is a point-defense weapon system designed to detect and kill short-range incoming missiles and enemy aircraft that have penetrated the outer defenses, usually mounted on a naval shipboard. Almost all groups of larger modern warships are fitted with some kind of CIWS system. There are two types of CIWS systems in operation. A gun-based CIWS typically consists of a combination of radars, computers, and multi-barrel rotary cannons mounted on a revolving turret. Missile-based CIWS use infrared, passive radar or semi-active radar terminal guidance to direct missiles to strike enemy aircraft or other threats.
MARKET SCOPE
The "Global Close-In Weapon System Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the close-in weapon system market with detailed market segmentation by type, platform, armament, technology, and geography. The report provides key statistics on the market status of the leading close-in weapon system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type, the market is segmented as a gun-based system and missile-based system.
- Based on the platform, the market is segmented into cushion land-based and naval-based.
- On the basis of armament, the market is segmented as 20 mm, 30 mm, 35 mm, 40 mm, and others.
- Based on technology, the market is segmented into radar, active homing, passive homing, infrared and others.
MARKET DYNAMICS
Drivers:
- Rising instances of asymmetrical warfare around the world and growing focus on creating advanced systems of warfare is driving the growth of the close-in weapon systems market.
- Furthermore, integration of advanced technologies such as artificial intelligence with CIWs is anticipated to create market opportunities for the close-in weapon systems market during the forecast period.
Restraints:
- The high cost, and design and operational issues may restrain the growth of the close-in weapon systems market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The close-in weapon system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the close-in weapon system market.
IMPACT OF COVID-19 ON CLOSE-IN WEAPON SYSTEM MARKET
Because the need for CIWS systems is a direct result of the continual procurement and upgrade of the fielded armada of terrestrial and naval platforms, the sanctioned yearly military budget of the countries has a considerable impact. As a result, the COVID-19 pandemic has had only a little influence on the market in consideration. On a short-term basis, the ongoing global economic recession is expected to result in a reduction in defense spending. Major US-based firms, on the other hand, are less likely to be affected by the pandemic's larger supply chain disruption due to current rules and restrictions. Suppliers and MRO service providers in Asia-Pacific and South America, on the other hand, are more susceptible to supply chain disruptions and are expected to encounter operational constraints as well as high financial risk exposure as a result of supply chain bottlenecks.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The close-in weapon system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the close-in weapon system market.
IMPACT OF COVID-19 ON CLOSE-IN WEAPON SYSTEM MARKET
Because the need for CIWS systems is a direct result of the continual procurement and upgrade of the fielded armada of terrestrial and naval platforms, the sanctioned yearly military budget of the countries has a considerable impact. As a result, the COVID-19 pandemic has had only a little influence on the market in consideration. On a short-term basis, the ongoing global economic recession is expected to result in a reduction in defense spending. Major US-based firms, on the other hand, are less likely to be affected by the pandemic's larger supply chain disruption due to current rules and restrictions. Suppliers and MRO service providers in Asia-Pacific and South America, on the other hand, are more susceptible to supply chain disruptions and are expected to encounter operational constraints as well as high financial risk exposure as a result of supply chain bottlenecks.
MARKET PLAYERS
The report covers key developments in the close-in weapon system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from close-in weapon system market are anticipated to lucrative growth opportunities in the future with the rising demand for close-in weapon system in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the close-in weapon system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BAE Systems
- Denel Land Systems
- General Dynamics Ordnance and Tactical Systems
- Leonardo SpA
- MBDA, Inc.
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Rheinmetall AG
- Thales Group
- ASELSAN A..
- 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
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Close-in Weapon Systems Market - By Type
1.3.2 Close-in Weapon Systems Market - By Platform
1.3.3 Close-in Weapon Systems Market - By Armament
1.3.4 Close-in Weapon Systems Market - By Technology
1.3.5 Close-in Weapon Systems Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CLOSE-IN WEAPON SYSTEMS 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. CLOSE-IN WEAPON SYSTEMS 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. CLOSE-IN WEAPON SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. CLOSE-IN WEAPON SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. CLOSE-IN WEAPON SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CLOSE-IN WEAPON SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. GUN-BASED SYSTEM
7.3.1. Overview
7.3.2. Gun-based System Market Forecast and Analysis
7.4. MISSILE-BASED SYSTEM
7.4.1. Overview
7.4.2. Missile-based System Market Forecast and Analysis
8. CLOSE-IN WEAPON SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - PLATFORM
8.1. OVERVIEW
8.2. PLATFORM MARKET FORECASTS AND ANALYSIS
8.3. LAND-BASED
8.3.1. Overview
8.3.2. Land-based Market Forecast and Analysis
8.4. NAVAL-BASED
8.4.1. Overview
8.4.2. Naval-based Market Forecast and Analysis
9. CLOSE-IN WEAPON SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - ARMAMENT
9.1. OVERVIEW
9.2. ARMAMENT MARKET FORECASTS AND ANALYSIS
9.3. 20 MM
9.3.1. Overview
9.3.2. 20 mm Market Forecast and Analysis
9.4. 30 MM
9.4.1. Overview
9.4.2. 30 mm Market Forecast and Analysis
9.5. 35 MM
9.5.1. Overview
9.5.2. 35 mm Market Forecast and Analysis
9.6. 40 MM
9.6.1. Overview
9.6.2. 40 mm Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. CLOSE-IN WEAPON SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
10.1. OVERVIEW
10.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
10.3. RADAR
10.3.1. Overview
10.3.2. Radar Market Forecast and Analysis
10.4. ACTIVE HOMING
10.4.1. Overview
10.4.2. Active Homing Market Forecast and Analysis
10.5. PASSIVE HOMING
10.5.1. Overview
10.5.2. Passive Homing Market Forecast and Analysis
10.6. INFRARED
10.6.1. Overview
10.6.2. Infrared Market Forecast and Analysis
10.7. OTHERS
10.7.1. Overview
10.7.2. Others Market Forecast and Analysis
11. CLOSE-IN WEAPON SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Close-in Weapon Systems Market Overview
11.1.2 North America Close-in Weapon Systems Market Forecasts and Analysis
11.1.3 North America Close-in Weapon Systems Market Forecasts and Analysis - By Type
11.1.4 North America Close-in Weapon Systems Market Forecasts and Analysis - By Platform
11.1.5 North America Close-in Weapon Systems Market Forecasts and Analysis - By Armament
11.1.6 North America Close-in Weapon Systems Market Forecasts and Analysis - By Technology
11.1.7 North America Close-in Weapon Systems Market Forecasts and Analysis - By Countries
11.1.7.1 United States Close-in Weapon Systems Market
11.1.7.1.1 United States Close-in Weapon Systems Market by Type
11.1.7.1.2 United States Close-in Weapon Systems Market by Platform
11.1.7.1.3 United States Close-in Weapon Systems Market by Armament
11.1.7.1.4 United States Close-in Weapon Systems Market by Technology
11.1.7.2 Canada Close-in Weapon Systems Market
11.1.7.2.1 Canada Close-in Weapon Systems Market by Type
11.1.7.2.2 Canada Close-in Weapon Systems Market by Platform
11.1.7.2.3 Canada Close-in Weapon Systems Market by Armament
11.1.7.2.4 Canada Close-in Weapon Systems Market by Technology
11.1.7.3 Mexico Close-in Weapon Systems Market
11.1.7.3.1 Mexico Close-in Weapon Systems Market by Type
11.1.7.3.2 Mexico Close-in Weapon Systems Market by Platform
11.1.7.3.3 Mexico Close-in Weapon Systems Market by Armament
11.1.7.3.4 Mexico Close-in Weapon Systems Market by Technology
11.2. EUROPE
11.2.1 Europe Close-in Weapon Systems Market Overview
11.2.2 Europe Close-in Weapon Systems Market Forecasts and Analysis
11.2.3 Europe Close-in Weapon Systems Market Forecasts and Analysis - By Type
11.2.4 Europe Close-in Weapon Systems Market Forecasts and Analysis - By Platform
11.2.5 Europe Close-in Weapon Systems Market Forecasts and Analysis - By Armament
11.2.6 Europe Close-in Weapon Systems Market Forecasts and Analysis - By Technology
11.2.7 Europe Close-in Weapon Systems Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Close-in Weapon Systems Market
11.2.7.1.1 Germany Close-in Weapon Systems Market by Type
11.2.7.1.2 Germany Close-in Weapon Systems Market by Platform
11.2.7.1.3 Germany Close-in Weapon Systems Market by Armament
11.2.7.1.4 Germany Close-in Weapon Systems Market by Technology
11.2.7.2 France Close-in Weapon Systems Market
11.2.7.2.1 France Close-in Weapon Systems Market by Type
11.2.7.2.2 France Close-in Weapon Systems Market by Platform
11.2.7.2.3 France Close-in Weapon Systems Market by Armament
11.2.7.2.4 France Close-in Weapon Systems Market by Technology
11.2.7.3 Italy Close-in Weapon Systems Market
11.2.7.3.1 Italy Close-in Weapon Systems Market by Type
11.2.7.3.2 Italy Close-in Weapon Systems Market by Platform
11.2.7.3.3 Italy Close-in Weapon Systems Market by Armament
11.2.7.3.4 Italy Close-in Weapon Systems Market by Technology
11.2.7.4 United Kingdom Close-in Weapon Systems Market
11.2.7.4.1 United Kingdom Close-in Weapon Systems Market by Type
11.2.7.4.2 United Kingdom Close-in Weapon Systems Market by Platform
11.2.7.4.3 United Kingdom Close-in Weapon Systems Market by Armament
11.2.7.4.4 United Kingdom Close-in Weapon Systems Market by Technology
11.2.7.5 Russia Close-in Weapon Systems Market
11.2.7.5.1 Russia Close-in Weapon Systems Market by Type
11.2.7.5.2 Russia Close-in Weapon Systems Market by Platform
11.2.7.5.3 Russia Close-in Weapon Systems Market by Armament
11.2.7.5.4 Russia Close-in Weapon Systems Market by Technology
11.2.7.6 Rest of Europe Close-in Weapon Systems Market
11.2.7.6.1 Rest of Europe Close-in Weapon Systems Market by Type
11.2.7.6.2 Rest of Europe Close-in Weapon Systems Market by Platform
11.2.7.6.3 Rest of Europe Close-in Weapon Systems Market by Armament
11.2.7.6.4 Rest of Europe Close-in Weapon Systems Market by Technology
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Close-in Weapon Systems Market Overview
11.3.2 Asia-Pacific Close-in Weapon Systems Market Forecasts and Analysis
11.3.3 Asia-Pacific Close-in Weapon Systems Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Close-in Weapon Systems Market Forecasts and Analysis - By Platform
11.3.5 Asia-Pacific Close-in Weapon Systems Market Forecasts and Analysis - By Armament
11.3.6 Asia-Pacific Close-in Weapon Systems Market Forecasts and Analysis - By Technology
11.3.7 Asia-Pacific Close-in Weapon Systems Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Close-in Weapon Systems Market
11.3.7.1.1 Australia Close-in Weapon Systems Market by Type
11.3.7.1.2 Australia Close-in Weapon Systems Market by Platform
11.3.7.1.3 Australia Close-in Weapon Systems Market by Armament
11.3.7.1.4 Australia Close-in Weapon Systems Market by Technology
11.3.7.2 China Close-in Weapon Systems Market
11.3.7.2.1 China Close-in Weapon Systems Market by Type
11.3.7.2.2 China Close-in Weapon Systems Market by Platform
11.3.7.2.3 China Close-in Weapon Systems Market by Armament
11.3.7.2.4 China Close-in Weapon Systems Market by Technology
11.3.7.3 India Close-in Weapon Systems Market
11.3.7.3.1 India Close-in Weapon Systems Market by Type
11.3.7.3.2 India Close-in Weapon Systems Market by Platform
11.3.7.3.3 India Close-in Weapon Systems Market by Armament
11.3.7.3.4 India Close-in Weapon Systems Market by Technology
11.3.7.4 Japan Close-in Weapon Systems Market
11.3.7.4.1 Japan Close-in Weapon Systems Market by Type
11.3.7.4.2 Japan Close-in Weapon Systems Market by Platform
11.3.7.4.3 Japan Close-in Weapon Systems Market by Armament
11.3.7.4.4 Japan Close-in Weapon Systems Market by Technology
11.3.7.5 South Korea Close-in Weapon Systems Market
11.3.7.5.1 South Korea Close-in Weapon Systems Market by Type
11.3.7.5.2 South Korea Close-in Weapon Systems Market by Platform
11.3.7.5.3 South Korea Close-in Weapon Systems Market by Armament
11.3.7.5.4 South Korea Close-in Weapon Systems Market by Technology
11.3.7.6 Rest of Asia-Pacific Close-in Weapon Systems Market
11.3.7.6.1 Rest of Asia-Pacific Close-in Weapon Systems Market by Type
11.3.7.6.2 Rest of Asia-Pacific Close-in Weapon Systems Market by Platform
11.3.7.6.3 Rest of Asia-Pacific Close-in Weapon Systems Market by Armament
11.3.7.6.4 Rest of Asia-Pacific Close-in Weapon Systems Market by Technology
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Close-in Weapon Systems Market Overview
11.4.2 Middle East and Africa Close-in Weapon Systems Market Forecasts and Analysis
11.4.3 Middle East and Africa Close-in Weapon Systems Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Close-in Weapon Systems Market Forecasts and Analysis - By Platform
11.4.5 Middle East and Africa Close-in Weapon Systems Market Forecasts and Analysis - By Armament
11.4.6 Middle East and Africa Close-in Weapon Systems Market Forecasts and Analysis - By Technology
11.4.7 Middle East and Africa Close-in Weapon Systems Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Close-in Weapon Systems Market
11.4.7.1.1 South Africa Close-in Weapon Systems Market by Type
11.4.7.1.2 South Africa Close-in Weapon Systems Market by Platform
11.4.7.1.3 South Africa Close-in Weapon Systems Market by Armament
11.4.7.1.4 South Africa Close-in Weapon Systems Market by Technology
11.4.7.2 Saudi Arabia Close-in Weapon Systems Market
11.4.7.2.1 Saudi Arabia Close-in Weapon Systems Market by Type
11.4.7.2.2 Saudi Arabia Close-in Weapon Systems Market by Platform
11.4.7.2.3 Saudi Arabia Close-in Weapon Systems Market by Armament
11.4.7.2.4 Saudi Arabia Close-in Weapon Systems Market by Technology
11.4.7.3 U.A.E Close-in Weapon Systems Market
11.4.7.3.1 U.A.E Close-in Weapon Systems Market by Type
11.4.7.3.2 U.A.E Close-in Weapon Systems Market by Platform
11.4.7.3.3 U.A.E Close-in Weapon Systems Market by Armament
11.4.7.3.4 U.A.E Close-in Weapon Systems Market by Technology
11.4.7.4 Rest of Middle East and Africa Close-in Weapon Systems Market
11.4.7.4.1 Rest of Middle East and Africa Close-in Weapon Systems Market by Type
11.4.7.4.2 Rest of Middle East and Africa Close-in Weapon Systems Market by Platform
11.4.7.4.3 Rest of Middle East and Africa Close-in Weapon Systems Market by Armament
11.4.7.4.4 Rest of Middle East and Africa Close-in Weapon Systems Market by Technology
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Close-in Weapon Systems Market Overview
11.5.2 South and Central America Close-in Weapon Systems Market Forecasts and Analysis
11.5.3 South and Central America Close-in Weapon Systems Market Forecasts and Analysis - By Type
11.5.4 South and Central America Close-in Weapon Systems Market Forecasts and Analysis - By Platform
11.5.5 South and Central America Close-in Weapon Systems Market Forecasts and Analysis - By Armament
11.5.6 South and Central America Close-in Weapon Systems Market Forecasts and Analysis - By Technology
11.5.7 South and Central America Close-in Weapon Systems Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Close-in Weapon Systems Market
11.5.7.1.1 Brazil Close-in Weapon Systems Market by Type
11.5.7.1.2 Brazil Close-in Weapon Systems Market by Platform
11.5.7.1.3 Brazil Close-in Weapon Systems Market by Armament
11.5.7.1.4 Brazil Close-in Weapon Systems Market by Technology
11.5.7.2 Rest of South and Central America Close-in Weapon Systems Market
11.5.7.2.1 Rest of South and Central America Close-in Weapon Systems Market by Type
11.5.7.2.2 Rest of South and Central America Close-in Weapon Systems Market by Platform
11.5.7.2.3 Rest of South and Central America Close-in Weapon Systems Market by Armament
11.5.7.2.4 Rest of South and Central America Close-in Weapon Systems Market by Technology
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. CLOSE-IN WEAPON SYSTEMS MARKET, KEY COMPANY PROFILES
13.1. BAE SYSTEMS
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. DENEL LAND SYSTEMS
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. GENERAL DYNAMICS ORDNANCE AND TACTICAL SYSTEMS
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. LEONARDO SPA
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. MBDA, INC.
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. NORTHROP GRUMMAN CORPORATION
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. RAYTHEON COMPANY
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. RHEINMETALL AG
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. THALES GROUP
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. ASELSAN A.?.
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.BAE Systems
2.Denel Land Systems
3.General Dynamics Ordnance and Tactical Systems
4.Leonardo SpA
5.MBDA, Inc.
6.Northrop Grumman Corporation
7.Raytheon Company
8.Rheinmetall AG
9.Thales Group
10.ASELSAN A..
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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