Counter IED System Market Strategies and Trends - 2031
The Counter IED System Market is expected to register a CAGR of 3.4% 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 Mounting Type (Aircraft Mounted, Naval Vessels Mounted, Vehicle Mounted, Man-Portable); System (Electronic Countermeasures, Counter-IED Vehicles, Unmanned Systems, Others); End Users (Military, Homeland Security); Technology (Jammer, Neutralize). 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 Counter IED System 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.
Counter IED System Market Segmentation
Mounting Type- Aircraft Mounted
- Naval Vessels Mounted
- Vehicle Mounted
- Man-Portable
- Electronic Countermeasures
- Counter-IED Vehicles
- Unmanned Systems
- Others
- Military
- Homeland Security
- Jammer
- Neutralize
- Jammer
- Neutralize
Strategic Insights
Counter IED System Market Growth Drivers- Increasing Developments of Counter-IED Systems: The rising development of counter-IED systems across the world is driving the growth of counter IED system market. For instance, in February 2022, DroneShield Limited and Allen-Vanguard, a provider of C-IED solutions announced a partnership for combining their caapabilities into counter IED product portfolio.
- Rising Global Threat of Terrorism and Insurgency: IEDs have become a favored weapon for insurgents, terrorist groups, and non-state actors due to their low cost and high effectiveness. The ongoing conflicts in regions such as the Middle East, South Asia, and Africa, where IEDs are frequently used by militant groups, have prompted governments and defense agencies to focus on countering this threat. The prevalence of IEDs in these conflict zones is one of the primary drivers of the Counter-IED market.
- Technological Advancements in Detection and Neutralization: Advances in sensor technologies, including ground-penetrating radar (GPR), metal detectors, and chemical sensors, have significantly improved the detection and identification of IEDs. These technologies enable faster and more accurate identification of explosive devices in both military and civilian settings. The development of drones and robotic systems for detection and neutralization has also transformed the counter-IED capabilities.
- Increased Demand for Deployment of Counter IED System into Military Vehicles: The higher adoption of military ground vehicles such as tanks, armored vehicles, and combat vehicles is generating the demand for new installations of counter IED systems, This is further acting as another major trend in the counter IED system market. Military convoys and high-value assets remain prime targets for IED attacks, especially in asymmetric warfare. Armies are increasingly relying on counter-IED vehicles, disruptive technologies, and specialized equipment to protect personnel and assets. These developments contribute to the growth of the Counter-IED market.
- Rising Competitiveness Among Vendors: The increasing competitiveness among the product manufacturers is one of the trends in the counter IED system market. For instance, in 2024, BAE Systems acquired Kirintec which is a provider of counter-Improvised Explosive Devices (IED), counter-Uncrewed Air Systems (UAS), and electronic warfare products & solutions. This is leading to increased consolidation of market shares and increased competitiveness among the market vendors. This is further likely to provide them with new opportunities in the counter IED system market in the coming years.
- Growing Use of UAVs: Drones equipped with specialized sensors are being used to detect and neutralize IEDs from a distance, significantly reducing the risk to personnel. UAVs can carry electromagnetic sensors, thermal imaging systems, and high-resolution cameras to detect hidden explosives and assess the risks without putting human lives in danger.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Counter IED System 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 Counter IED System 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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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
Some of the customization options available based on request are 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.
Some of the major trends driving the counter IED system market are:
1. Increased Demand for Deployment of Counter IED System into Military Vehicles
2. Rising Explosives Threats
The Counter IED System Market is estimated to witness a CAGR of 3.4% from 2023 to 2031
The major factors driving the counter IED system market are:
1. Increasing Developments of Counter-IED Systems
2. Stimulating Global Defense Investments
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Counter IED System Market - By Mounting Type
1.3.2 Counter IED System Market - By System
1.3.3 Counter IED System Market - By End Users
1.3.4 Counter IED System Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COUNTER IED SYSTEM 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. COUNTER IED SYSTEM 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. COUNTER IED SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. COUNTER IED SYSTEM - GLOBAL MARKET OVERVIEW
6.2. COUNTER IED SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COUNTER IED SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - MOUNTING TYPE
7.1. OVERVIEW
7.2. MOUNTING TYPE MARKET FORECASTS AND ANALYSIS
7.3. AIRCRAFT MOUNTED
7.3.1. Overview
7.3.2. Aircraft Mounted Market Forecast and Analysis
7.4. NAVAL VESSELS MOUNTED
7.4.1. Overview
7.4.2. Naval Vessels Mounted Market Forecast and Analysis
7.5. VEHICLE MOUNTED
7.5.1. Overview
7.5.2. Vehicle Mounted Market Forecast and Analysis
7.6. MAN-PORTABLE
7.6.1. Overview
7.6.2. Man-Portable Market Forecast and Analysis
8. COUNTER IED SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - SYSTEM
8.1. OVERVIEW
8.2. SYSTEM MARKET FORECASTS AND ANALYSIS
8.3. ELECTRONIC COUNTERMEASURES
8.3.1. Overview
8.3.2. Electronic Countermeasures Market Forecast and Analysis
8.4. COUNTER-IED VEHICLES
8.4.1. Overview
8.4.2. Counter-IED Vehicles Market Forecast and Analysis
8.5. UNMANNED SYSTEMS
8.5.1. Overview
8.5.2. Unmanned Systems Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. COUNTER IED SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - END USERS
9.1. OVERVIEW
9.2. END USERS MARKET FORECASTS AND ANALYSIS
9.3. MILITARY
9.3.1. Overview
9.3.2. Military Market Forecast and Analysis
9.4. HOMELAND SECURITY
9.4.1. Overview
9.4.2. Homeland Security Market Forecast and Analysis
10. COUNTER IED SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Counter IED System Market Overview
10.1.2 North America Counter IED System Market Forecasts and Analysis
10.1.3 North America Counter IED System Market Forecasts and Analysis - By Mounting Type
10.1.4 North America Counter IED System Market Forecasts and Analysis - By System
10.1.5 North America Counter IED System Market Forecasts and Analysis - By End Users
10.1.6 North America Counter IED System Market Forecasts and Analysis - By Countries
10.1.6.1 United States Counter IED System Market
10.1.6.1.1 United States Counter IED System Market by Mounting Type
10.1.6.1.2 United States Counter IED System Market by System
10.1.6.1.3 United States Counter IED System Market by End Users
10.1.6.2 Canada Counter IED System Market
10.1.6.2.1 Canada Counter IED System Market by Mounting Type
10.1.6.2.2 Canada Counter IED System Market by System
10.1.6.2.3 Canada Counter IED System Market by End Users
10.1.6.3 Mexico Counter IED System Market
10.1.6.3.1 Mexico Counter IED System Market by Mounting Type
10.1.6.3.2 Mexico Counter IED System Market by System
10.1.6.3.3 Mexico Counter IED System Market by End Users
10.2. EUROPE
10.2.1 Europe Counter IED System Market Overview
10.2.2 Europe Counter IED System Market Forecasts and Analysis
10.2.3 Europe Counter IED System Market Forecasts and Analysis - By Mounting Type
10.2.4 Europe Counter IED System Market Forecasts and Analysis - By System
10.2.5 Europe Counter IED System Market Forecasts and Analysis - By End Users
10.2.6 Europe Counter IED System Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Counter IED System Market
10.2.6.1.1 Germany Counter IED System Market by Mounting Type
10.2.6.1.2 Germany Counter IED System Market by System
10.2.6.1.3 Germany Counter IED System Market by End Users
10.2.6.2 France Counter IED System Market
10.2.6.2.1 France Counter IED System Market by Mounting Type
10.2.6.2.2 France Counter IED System Market by System
10.2.6.2.3 France Counter IED System Market by End Users
10.2.6.3 Italy Counter IED System Market
10.2.6.3.1 Italy Counter IED System Market by Mounting Type
10.2.6.3.2 Italy Counter IED System Market by System
10.2.6.3.3 Italy Counter IED System Market by End Users
10.2.6.4 United Kingdom Counter IED System Market
10.2.6.4.1 United Kingdom Counter IED System Market by Mounting Type
10.2.6.4.2 United Kingdom Counter IED System Market by System
10.2.6.4.3 United Kingdom Counter IED System Market by End Users
10.2.6.5 Russia Counter IED System Market
10.2.6.5.1 Russia Counter IED System Market by Mounting Type
10.2.6.5.2 Russia Counter IED System Market by System
10.2.6.5.3 Russia Counter IED System Market by End Users
10.2.6.6 Rest of Europe Counter IED System Market
10.2.6.6.1 Rest of Europe Counter IED System Market by Mounting Type
10.2.6.6.2 Rest of Europe Counter IED System Market by System
10.2.6.6.3 Rest of Europe Counter IED System Market by End Users
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Counter IED System Market Overview
10.3.2 Asia-Pacific Counter IED System Market Forecasts and Analysis
10.3.3 Asia-Pacific Counter IED System Market Forecasts and Analysis - By Mounting Type
10.3.4 Asia-Pacific Counter IED System Market Forecasts and Analysis - By System
10.3.5 Asia-Pacific Counter IED System Market Forecasts and Analysis - By End Users
10.3.6 Asia-Pacific Counter IED System Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Counter IED System Market
10.3.6.1.1 Australia Counter IED System Market by Mounting Type
10.3.6.1.2 Australia Counter IED System Market by System
10.3.6.1.3 Australia Counter IED System Market by End Users
10.3.6.2 China Counter IED System Market
10.3.6.2.1 China Counter IED System Market by Mounting Type
10.3.6.2.2 China Counter IED System Market by System
10.3.6.2.3 China Counter IED System Market by End Users
10.3.6.3 India Counter IED System Market
10.3.6.3.1 India Counter IED System Market by Mounting Type
10.3.6.3.2 India Counter IED System Market by System
10.3.6.3.3 India Counter IED System Market by End Users
10.3.6.4 Japan Counter IED System Market
10.3.6.4.1 Japan Counter IED System Market by Mounting Type
10.3.6.4.2 Japan Counter IED System Market by System
10.3.6.4.3 Japan Counter IED System Market by End Users
10.3.6.5 South Korea Counter IED System Market
10.3.6.5.1 South Korea Counter IED System Market by Mounting Type
10.3.6.5.2 South Korea Counter IED System Market by System
10.3.6.5.3 South Korea Counter IED System Market by End Users
10.3.6.6 Rest of Asia-Pacific Counter IED System Market
10.3.6.6.1 Rest of Asia-Pacific Counter IED System Market by Mounting Type
10.3.6.6.2 Rest of Asia-Pacific Counter IED System Market by System
10.3.6.6.3 Rest of Asia-Pacific Counter IED System Market by End Users
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Counter IED System Market Overview
10.4.2 Middle East and Africa Counter IED System Market Forecasts and Analysis
10.4.3 Middle East and Africa Counter IED System Market Forecasts and Analysis - By Mounting Type
10.4.4 Middle East and Africa Counter IED System Market Forecasts and Analysis - By System
10.4.5 Middle East and Africa Counter IED System Market Forecasts and Analysis - By End Users
10.4.6 Middle East and Africa Counter IED System Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Counter IED System Market
10.4.6.1.1 South Africa Counter IED System Market by Mounting Type
10.4.6.1.2 South Africa Counter IED System Market by System
10.4.6.1.3 South Africa Counter IED System Market by End Users
10.4.6.2 Saudi Arabia Counter IED System Market
10.4.6.2.1 Saudi Arabia Counter IED System Market by Mounting Type
10.4.6.2.2 Saudi Arabia Counter IED System Market by System
10.4.6.2.3 Saudi Arabia Counter IED System Market by End Users
10.4.6.3 U.A.E Counter IED System Market
10.4.6.3.1 U.A.E Counter IED System Market by Mounting Type
10.4.6.3.2 U.A.E Counter IED System Market by System
10.4.6.3.3 U.A.E Counter IED System Market by End Users
10.4.6.4 Rest of Middle East and Africa Counter IED System Market
10.4.6.4.1 Rest of Middle East and Africa Counter IED System Market by Mounting Type
10.4.6.4.2 Rest of Middle East and Africa Counter IED System Market by System
10.4.6.4.3 Rest of Middle East and Africa Counter IED System Market by End Users
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Counter IED System Market Overview
10.5.2 South and Central America Counter IED System Market Forecasts and Analysis
10.5.3 South and Central America Counter IED System Market Forecasts and Analysis - By Mounting Type
10.5.4 South and Central America Counter IED System Market Forecasts and Analysis - By System
10.5.5 South and Central America Counter IED System Market Forecasts and Analysis - By End Users
10.5.6 South and Central America Counter IED System Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Counter IED System Market
10.5.6.1.1 Brazil Counter IED System Market by Mounting Type
10.5.6.1.2 Brazil Counter IED System Market by System
10.5.6.1.3 Brazil Counter IED System Market by End Users
10.5.6.2 Argentina Counter IED System Market
10.5.6.2.1 Argentina Counter IED System Market by Mounting Type
10.5.6.2.2 Argentina Counter IED System Market by System
10.5.6.2.3 Argentina Counter IED System Market by End Users
10.5.6.3 Rest of South and Central America Counter IED System Market
10.5.6.3.1 Rest of South and Central America Counter IED System Market by Mounting Type
10.5.6.3.2 Rest of South and Central America Counter IED System Market by System
10.5.6.3.3 Rest of South and Central America Counter IED System Market by End Users
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. COUNTER IED SYSTEM MARKET, KEY COMPANY PROFILES
12.1. BAE SYSTEMS
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. ELBIT SYSTEMS LTD.
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. GENERAL DYNAMICS CORPORATION
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. L3HARRIS TECHNOLOGIES INC.
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. ISRAEL AEROSPACE INDUSTRIES LTD.
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. LOCKHEED MARTIN 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. NORTHROP GRUMMAN CORPORATION
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. RAYTHEON COMPANY
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. RHEINMETALL AG
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. THALES GROUP
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. BAE Systems
2. Elbit Systems Ltd.
3. General Dynamics Corporation
4. L3Harris Technologies Inc.
5. Israel Aerospace Industries Ltd.
6. Lockheed Martin Corporation
7. Northrop Grumman Corporation
8. Raytheon Company
9. Rheinmetall AG
10. Thales Group
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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