Composites Testing Market Scope and Size by 2031
Composites testing is the mechanical testing of composite materials to determine and evaluate various mechanical parameters such as stiffness and strength of the composite material component. Composite testing has been standardized by various organizations. ASTM, CEN, and ISO are the most widely employed international testing standards. Some of the most common testing methods include Cryotests, creep testing, Bending testing, and tensile testing.
MARKET DYNAMICS
As more and more companies realize the benefits of employing composite materials in their designs, the applications of composite materials are anticipated to surge in the forecast period. With the rising uses of composite materials in industries such as aerospace, automotive and transportation, defense, and wind energy, the need for composite testing is expected to surge. As composite materials find their ways in the design of critical components used in sports equipment, ships, sports cars, and other high performance application, the composites testing industry is anticipated to grow at a healthy pace. Severe regulations on the composite industry to comply with the stringent manufacturers' proprietary testing standards and composite testing standards to ensure durability and safety is expected to create a conducive environment for the growth of the composites testing industry in the forecast period.
MARKET SCOPE
The "Global Composites Testing Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the composites testing market with detailed market segmentation by testing method, product type, application, and geography. The global composites testing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading composites testing market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global composites testing market is segmented on the basis of testing method, product type, and application. On the basis of testing method, the composites testing market is segmented into non-destructive testing and destructive testing. The composites testing market on the basis of product type is classified into continuous fiber composites, discontinuous fiber composites, polymer matrix composites, ceramic matrix composites, and others. Based on application, the global composites testing market is divided into aerospace & defense, transportation, wind energy, building & construction, sporting goods, electricals & electronics, and others.
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 composites testing 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), Middle East and Africa (MEA), and South America. The composites testing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the composites testing market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the composites testing market in these regions.
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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 composites testing 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), Middle East and Africa (MEA), and South America. The composites testing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the composites testing market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the composites testing market in these regions.
MARKET PLAYERS
The reports cover key developments in the composites testing 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 market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the composites testing market are anticipated to lucrative growth opportunities in the future with the rising demand for composites testing in the global market. Below mentioned is the list of few companies engaged in the composites testing market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the composites testing 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 three years, the key development in the past five years.
- Composites Testing Laboratory Ltd.
- Element Materials Technology
- ETIM Composites
- Exova Group PLC.
- Henkel AG & Co. KGaA
- Instron Corporation
- Intertek Group PLC.
- Matrix Composites, Inc.
- Mistras Group, Inc.
- Westmoreland Mechanical Testing and Research, Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- 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 Composites Testing Market - By Testing Method
1.3.2 Composites Testing Market - By Product Type
1.3.3 Composites Testing Market - By Application
1.3.4 Composites Testing Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COMPOSITES TESTING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. COMPOSITES TESTING 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. COMPOSITES TESTING MARKET - GLOBAL MARKET ANALYSIS
6.1. COMPOSITES TESTING - GLOBAL MARKET OVERVIEW
6.2. COMPOSITES TESTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COMPOSITES TESTING MARKET - REVENUE AND FORECASTS TO 2028 - TESTING METHOD
7.1. OVERVIEW
7.2. TESTING METHOD MARKET FORECASTS AND ANALYSIS
7.3. NON-DESTRUCTIVE TESTING
7.3.1. Overview
7.3.2. Non-Destructive Testing Market Forecast and Analysis
7.4. DESTRUCTIVE TESTING
7.4.1. Overview
7.4.2. Destructive Testing Market Forecast and Analysis
8. COMPOSITES TESTING MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
8.1. OVERVIEW
8.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
8.3. CONTINUOUS FIBER COMPOSITES
8.3.1. Overview
8.3.2. Continuous Fiber Composites Market Forecast and Analysis
8.4. DISCONTINUOUS FIBER COMPOSITES
8.4.1. Overview
8.4.2. Discontinuous Fiber Composites Market Forecast and Analysis
8.5. POLYMER MATRIX COMPOSITES
8.5.1. Overview
8.5.2. Polymer Matrix Composites Market Forecast and Analysis
8.6. CERAMIC MATRIX COMPOSITES
8.6.1. Overview
8.6.2. Ceramic Matrix Composites Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. COMPOSITES TESTING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. AEROSPACE AND DEFENSE
9.3.1. Overview
9.3.2. Aerospace and Defense Market Forecast and Analysis
9.4. TRANSPORTATION
9.4.1. Overview
9.4.2. Transportation Market Forecast and Analysis
9.5. WIND ENERGY
9.5.1. Overview
9.5.2. Wind Energy Market Forecast and Analysis
9.6. BUILDING AND CONSTRUCTION
9.6.1. Overview
9.6.2. Building and Construction Market Forecast and Analysis
9.7. SPORTING GOODS
9.7.1. Overview
9.7.2. Sporting Goods Market Forecast and Analysis
9.8. ELECTRICALS AND ELECTRONICS
9.8.1. Overview
9.8.2. Electricals and Electronics Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis
10. COMPOSITES TESTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Composites Testing Market Overview
10.1.2 North America Composites Testing Market Forecasts and Analysis
10.1.3 North America Composites Testing Market Forecasts and Analysis - By Testing Method
10.1.4 North America Composites Testing Market Forecasts and Analysis - By Product Type
10.1.5 North America Composites Testing Market Forecasts and Analysis - By Application
10.1.6 North America Composites Testing Market Forecasts and Analysis - By Countries
10.1.6.1 United States Composites Testing Market
10.1.6.1.1 United States Composites Testing Market by Testing Method
10.1.6.1.2 United States Composites Testing Market by Product Type
10.1.6.1.3 United States Composites Testing Market by Application
10.1.6.2 Canada Composites Testing Market
10.1.6.2.1 Canada Composites Testing Market by Testing Method
10.1.6.2.2 Canada Composites Testing Market by Product Type
10.1.6.2.3 Canada Composites Testing Market by Application
10.1.6.3 Mexico Composites Testing Market
10.1.6.3.1 Mexico Composites Testing Market by Testing Method
10.1.6.3.2 Mexico Composites Testing Market by Product Type
10.1.6.3.3 Mexico Composites Testing Market by Application
10.2. EUROPE
10.2.1 Europe Composites Testing Market Overview
10.2.2 Europe Composites Testing Market Forecasts and Analysis
10.2.3 Europe Composites Testing Market Forecasts and Analysis - By Testing Method
10.2.4 Europe Composites Testing Market Forecasts and Analysis - By Product Type
10.2.5 Europe Composites Testing Market Forecasts and Analysis - By Application
10.2.6 Europe Composites Testing Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Composites Testing Market
10.2.6.1.1 Germany Composites Testing Market by Testing Method
10.2.6.1.2 Germany Composites Testing Market by Product Type
10.2.6.1.3 Germany Composites Testing Market by Application
10.2.6.2 France Composites Testing Market
10.2.6.2.1 France Composites Testing Market by Testing Method
10.2.6.2.2 France Composites Testing Market by Product Type
10.2.6.2.3 France Composites Testing Market by Application
10.2.6.3 Italy Composites Testing Market
10.2.6.3.1 Italy Composites Testing Market by Testing Method
10.2.6.3.2 Italy Composites Testing Market by Product Type
10.2.6.3.3 Italy Composites Testing Market by Application
10.2.6.4 United Kingdom Composites Testing Market
10.2.6.4.1 United Kingdom Composites Testing Market by Testing Method
10.2.6.4.2 United Kingdom Composites Testing Market by Product Type
10.2.6.4.3 United Kingdom Composites Testing Market by Application
10.2.6.5 Russia Composites Testing Market
10.2.6.5.1 Russia Composites Testing Market by Testing Method
10.2.6.5.2 Russia Composites Testing Market by Product Type
10.2.6.5.3 Russia Composites Testing Market by Application
10.2.6.6 Rest of Europe Composites Testing Market
10.2.6.6.1 Rest of Europe Composites Testing Market by Testing Method
10.2.6.6.2 Rest of Europe Composites Testing Market by Product Type
10.2.6.6.3 Rest of Europe Composites Testing Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Composites Testing Market Overview
10.3.2 Asia-Pacific Composites Testing Market Forecasts and Analysis
10.3.3 Asia-Pacific Composites Testing Market Forecasts and Analysis - By Testing Method
10.3.4 Asia-Pacific Composites Testing Market Forecasts and Analysis - By Product Type
10.3.5 Asia-Pacific Composites Testing Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Composites Testing Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Composites Testing Market
10.3.6.1.1 Australia Composites Testing Market by Testing Method
10.3.6.1.2 Australia Composites Testing Market by Product Type
10.3.6.1.3 Australia Composites Testing Market by Application
10.3.6.2 China Composites Testing Market
10.3.6.2.1 China Composites Testing Market by Testing Method
10.3.6.2.2 China Composites Testing Market by Product Type
10.3.6.2.3 China Composites Testing Market by Application
10.3.6.3 India Composites Testing Market
10.3.6.3.1 India Composites Testing Market by Testing Method
10.3.6.3.2 India Composites Testing Market by Product Type
10.3.6.3.3 India Composites Testing Market by Application
10.3.6.4 Japan Composites Testing Market
10.3.6.4.1 Japan Composites Testing Market by Testing Method
10.3.6.4.2 Japan Composites Testing Market by Product Type
10.3.6.4.3 Japan Composites Testing Market by Application
10.3.6.5 South Korea Composites Testing Market
10.3.6.5.1 South Korea Composites Testing Market by Testing Method
10.3.6.5.2 South Korea Composites Testing Market by Product Type
10.3.6.5.3 South Korea Composites Testing Market by Application
10.3.6.6 Rest of Asia-Pacific Composites Testing Market
10.3.6.6.1 Rest of Asia-Pacific Composites Testing Market by Testing Method
10.3.6.6.2 Rest of Asia-Pacific Composites Testing Market by Product Type
10.3.6.6.3 Rest of Asia-Pacific Composites Testing Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Composites Testing Market Overview
10.4.2 Middle East and Africa Composites Testing Market Forecasts and Analysis
10.4.3 Middle East and Africa Composites Testing Market Forecasts and Analysis - By Testing Method
10.4.4 Middle East and Africa Composites Testing Market Forecasts and Analysis - By Product Type
10.4.5 Middle East and Africa Composites Testing Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Composites Testing Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Composites Testing Market
10.4.6.1.1 South Africa Composites Testing Market by Testing Method
10.4.6.1.2 South Africa Composites Testing Market by Product Type
10.4.6.1.3 South Africa Composites Testing Market by Application
10.4.6.2 Saudi Arabia Composites Testing Market
10.4.6.2.1 Saudi Arabia Composites Testing Market by Testing Method
10.4.6.2.2 Saudi Arabia Composites Testing Market by Product Type
10.4.6.2.3 Saudi Arabia Composites Testing Market by Application
10.4.6.3 U.A.E Composites Testing Market
10.4.6.3.1 U.A.E Composites Testing Market by Testing Method
10.4.6.3.2 U.A.E Composites Testing Market by Product Type
10.4.6.3.3 U.A.E Composites Testing Market by Application
10.4.6.4 Rest of Middle East and Africa Composites Testing Market
10.4.6.4.1 Rest of Middle East and Africa Composites Testing Market by Testing Method
10.4.6.4.2 Rest of Middle East and Africa Composites Testing Market by Product Type
10.4.6.4.3 Rest of Middle East and Africa Composites Testing Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Composites Testing Market Overview
10.5.2 South and Central America Composites Testing Market Forecasts and Analysis
10.5.3 South and Central America Composites Testing Market Forecasts and Analysis - By Testing Method
10.5.4 South and Central America Composites Testing Market Forecasts and Analysis - By Product Type
10.5.5 South and Central America Composites Testing Market Forecasts and Analysis - By Application
10.5.6 South and Central America Composites Testing Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Composites Testing Market
10.5.6.1.1 Brazil Composites Testing Market by Testing Method
10.5.6.1.2 Brazil Composites Testing Market by Product Type
10.5.6.1.3 Brazil Composites Testing Market by Application
10.5.6.2 Argentina Composites Testing Market
10.5.6.2.1 Argentina Composites Testing Market by Testing Method
10.5.6.2.2 Argentina Composites Testing Market by Product Type
10.5.6.2.3 Argentina Composites Testing Market by Application
10.5.6.3 Rest of South and Central America Composites Testing Market
10.5.6.3.1 Rest of South and Central America Composites Testing Market by Testing Method
10.5.6.3.2 Rest of South and Central America Composites Testing Market by Product Type
10.5.6.3.3 Rest of South and Central America Composites Testing Market by Application
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. COMPOSITES TESTING MARKET, KEY COMPANY PROFILES
12.1. COMPOSITES TESTING LABORATORY LTD.
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. ELEMENT MATERIALS TECHNOLOGY
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. ETIM COMPOSITES
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. EXOVA GROUP PLC.
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. HENKEL AG AND CO. KGAA
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. INSTRON CORPORATION
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. INTERTEK GROUP PLC.
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. MATRIX COMPOSITES, INC.
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. MISTRAS GROUP, INC.
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. WESTMORELAND MECHANICAL TESTING AND RESEARCH, INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Composites Testing Laboratory Ltd.
2. Element Materials Technology
3. ETIM Composites
4. Exova Group PLC.
5. Henkel AG and Co. KGaA
6. Instron Corporation
7. Intertek Group PLC.
8. Matrix Composites, Inc.
9. Mistras Group, Inc.
10. Westmoreland Mechanical Testing and Research, Inc.
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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