Flight Management Systems Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The flight management systems are essential components of the avionics systems of a modern aircraft. These systems are computerized to automatically performs different in-flight operations such as reducing the aircraft crew workload for flight engineers or navigators. Flight management systems main function includes in-flight management and flight planning, by the use of different sensors such as inertial navigation systems (INS) and global positioning systems (GPS), among others. From the modern aircrafts, Boeing 767 was the first aircraft where the flight management systems were introduced.
MARKET DYNAMICS
The main factors fueling the flight management systems market are the growing need for next generation flight management. The growing demand for advanced technologies for in-flight navigation and planning, next generation flight management systems have been introduced and developed in some of the modern aircrafts. The next generation flight management systems are designed with an objective to reduce in pilot workload, improve fuel efficiency, and enhancement in flight safety. This factor is anticipated to fuel the market for flight management systems. Moreover, growing number of airlines across the globe is increasing the demand for modern aircrafts is also boosting the market for flight management systems. The aircraft manufacturers are incorporating the flight management systems in to the modern aircrafts in order to improve the flight operations.
MARKET SCOPE
The "Global Flight Management Systems 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 flight management systems market with detailed market segmentation by fit, aircraft type, hardware, end-user, and geography. The global flight management systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading flight management systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global flight management systems market is segmented on the basis of fit, aircraft type, hardware, and end-user. Based on fit, the flight management systems market is segmented into line fit and retrofit. The aircraft type is further segmented into narrow body aircraft, wide body aircraft, regional transport aircraft, and others. On the basis of hardware into (visual display unit (VDU), control display unit (CDU), flight management computers (FMC). Based on end user, the flight management systems market is segmented into commercial and military.
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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 flight management systems 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 & Central America. The flight management systems 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 flight management systems 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 trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the flight management systems in these regions.
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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
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global flight management systems 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 & Central America. The flight management systems 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 flight management systems 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 trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the flight management systems in these regions.
MARKET PLAYERS
The reports cover key developments in the flight management systems 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 partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from flight management systems market are anticipated to lucrative growth opportunities in the future with the rising demand for flight management systems in the global market. Below mentioned is the list of few companies engaged in the flight management systems market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the flight management systems 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.
- Honeywell International Inc.
- Esterline Technologies Corporation
- Garmin Ltd.
- General Electric Company
- Jeppesen Sanderson, Inc.
- Leonardo-Finmeccanica Spa
- Lufthansa Systems GmbH & Co. Kg
- Navtech, Inc.
- Rockwell Collins
- Thales Group
- Universal Avionics Systems Corporation
The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer 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 Flight Management Systems Market - By Fit
1.3.2 Flight Management Systems Market - By Aircraft Type
1.3.3 Flight Management Systems Market - By Hardware
1.3.4 Flight Management Systems Market - By End-User
1.3.5 Flight Management Systems Market - By Region
1.3.5.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. FLIGHT MANAGEMENT SYSTEMS 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. FLIGHT MANAGEMENT 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. FLIGHT MANAGEMENT SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. FLIGHT MANAGEMENT SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. FLIGHT MANAGEMENT SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FLIGHT MANAGEMENT SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - FIT
7.1. OVERVIEW
7.2. FIT MARKET FORECASTS AND ANALYSIS
7.3. LINE FIT
7.3.1. Overview
7.3.2. Line Fit Market Forecast and Analysis
7.4. RETROFIT
7.4.1. Overview
7.4.2. Retrofit Market Forecast and Analysis
8. FLIGHT MANAGEMENT SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - AIRCRAFT TYPE
8.1. OVERVIEW
8.2. AIRCRAFT TYPE MARKET FORECASTS AND ANALYSIS
8.3. NARROW BODY AIRCRAFT
8.3.1. Overview
8.3.2. Narrow Body Aircraft Market Forecast and Analysis
8.4. WIDE BODY AIRCRAFT
8.4.1. Overview
8.4.2. Wide Body Aircraft Market Forecast and Analysis
8.5. REGIONAL TRANSPORT AIRCRAFT
8.5.1. Overview
8.5.2. Regional Transport Aircraft Market Forecast and Analysis
9. FLIGHT MANAGEMENT SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - HARDWARE
9.1. OVERVIEW
9.2. HARDWARE MARKET FORECASTS AND ANALYSIS
9.3. VISUAL DISPLAY UNIT (VDU)
9.3.1. Overview
9.3.2. Visual Display Unit (VDU) Market Forecast and Analysis
9.4. CONTROL DISPLAY UNIT (CDU)
9.4.1. Overview
9.4.2. Control Display Unit (CDU) Market Forecast and Analysis
9.5. FLIGHT MANAGEMENT COMPUTERS (FMC)
9.5.1. Overview
9.5.2. Flight Management Computers (FMC) Market Forecast and Analysis
10. FLIGHT MANAGEMENT SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
10.1. OVERVIEW
10.2. END-USER MARKET FORECASTS AND ANALYSIS
10.3. COMMERCIAL
10.3.1. Overview
10.3.2. Commercial Market Forecast and Analysis
10.4. MILITARY
10.4.1. Overview
10.4.2. Military Market Forecast and Analysis
11. FLIGHT MANAGEMENT SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Flight Management Systems Market Overview
11.1.2 North America Flight Management Systems Market Forecasts and Analysis
11.1.3 North America Flight Management Systems Market Forecasts and Analysis - By Fit
11.1.4 North America Flight Management Systems Market Forecasts and Analysis - By Aircraft Type
11.1.5 North America Flight Management Systems Market Forecasts and Analysis - By Hardware
11.1.6 North America Flight Management Systems Market Forecasts and Analysis - By End-User
11.1.7 North America Flight Management Systems Market Forecasts and Analysis - By Countries
11.1.7.1 Canada Flight Management Systems Market
11.1.7.1.1 Canada Flight Management Systems Market by Fit
11.1.7.1.2 Canada Flight Management Systems Market by Aircraft Type
11.1.7.1.3 Canada Flight Management Systems Market by Hardware
11.1.7.1.4 Canada Flight Management Systems Market by End-User
11.1.7.2 Mexico Flight Management Systems Market
11.1.7.2.1 Mexico Flight Management Systems Market by Fit
11.1.7.2.2 Mexico Flight Management Systems Market by Aircraft Type
11.1.7.2.3 Mexico Flight Management Systems Market by Hardware
11.1.7.2.4 Mexico Flight Management Systems Market by End-User
11.1.7.3 US Flight Management Systems Market
11.1.7.3.1 US Flight Management Systems Market by Fit
11.1.7.3.2 US Flight Management Systems Market by Aircraft Type
11.1.7.3.3 US Flight Management Systems Market by Hardware
11.1.7.3.4 US Flight Management Systems Market by End-User
11.2. EUROPE
11.2.1 Europe Flight Management Systems Market Overview
11.2.2 Europe Flight Management Systems Market Forecasts and Analysis
11.2.3 Europe Flight Management Systems Market Forecasts and Analysis - By Fit
11.2.4 Europe Flight Management Systems Market Forecasts and Analysis - By Aircraft Type
11.2.5 Europe Flight Management Systems Market Forecasts and Analysis - By Hardware
11.2.6 Europe Flight Management Systems Market Forecasts and Analysis - By End-User
11.2.7 Europe Flight Management Systems Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Flight Management Systems Market
11.2.7.1.1 Germany Flight Management Systems Market by Fit
11.2.7.1.2 Germany Flight Management Systems Market by Aircraft Type
11.2.7.1.3 Germany Flight Management Systems Market by Hardware
11.2.7.1.4 Germany Flight Management Systems Market by End-User
11.2.7.2 France Flight Management Systems Market
11.2.7.2.1 France Flight Management Systems Market by Fit
11.2.7.2.2 France Flight Management Systems Market by Aircraft Type
11.2.7.2.3 France Flight Management Systems Market by Hardware
11.2.7.2.4 France Flight Management Systems Market by End-User
11.2.7.3 Italy Flight Management Systems Market
11.2.7.3.1 Italy Flight Management Systems Market by Fit
11.2.7.3.2 Italy Flight Management Systems Market by Aircraft Type
11.2.7.3.3 Italy Flight Management Systems Market by Hardware
11.2.7.3.4 Italy Flight Management Systems Market by End-User
11.2.7.4 United Kingdom Flight Management Systems Market
11.2.7.4.1 United Kingdom Flight Management Systems Market by Fit
11.2.7.4.2 United Kingdom Flight Management Systems Market by Aircraft Type
11.2.7.4.3 United Kingdom Flight Management Systems Market by Hardware
11.2.7.4.4 United Kingdom Flight Management Systems Market by End-User
11.2.7.5 Russia Flight Management Systems Market
11.2.7.5.1 Russia Flight Management Systems Market by Fit
11.2.7.5.2 Russia Flight Management Systems Market by Aircraft Type
11.2.7.5.3 Russia Flight Management Systems Market by Hardware
11.2.7.5.4 Russia Flight Management Systems Market by End-User
11.2.7.6 Rest of Europe Flight Management Systems Market
11.2.7.6.1 Rest of Europe Flight Management Systems Market by Fit
11.2.7.6.2 Rest of Europe Flight Management Systems Market by Aircraft Type
11.2.7.6.3 Rest of Europe Flight Management Systems Market by Hardware
11.2.7.6.4 Rest of Europe Flight Management Systems Market by End-User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Flight Management Systems Market Overview
11.3.2 Asia-Pacific Flight Management Systems Market Forecasts and Analysis
11.3.3 Asia-Pacific Flight Management Systems Market Forecasts and Analysis - By Fit
11.3.4 Asia-Pacific Flight Management Systems Market Forecasts and Analysis - By Aircraft Type
11.3.5 Asia-Pacific Flight Management Systems Market Forecasts and Analysis - By Hardware
11.3.6 Asia-Pacific Flight Management Systems Market Forecasts and Analysis - By End-User
11.3.7 Asia-Pacific Flight Management Systems Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Flight Management Systems Market
11.3.7.1.1 Australia Flight Management Systems Market by Fit
11.3.7.1.2 Australia Flight Management Systems Market by Aircraft Type
11.3.7.1.3 Australia Flight Management Systems Market by Hardware
11.3.7.1.4 Australia Flight Management Systems Market by End-User
11.3.7.2 China Flight Management Systems Market
11.3.7.2.1 China Flight Management Systems Market by Fit
11.3.7.2.2 China Flight Management Systems Market by Aircraft Type
11.3.7.2.3 China Flight Management Systems Market by Hardware
11.3.7.2.4 China Flight Management Systems Market by End-User
11.3.7.3 India Flight Management Systems Market
11.3.7.3.1 India Flight Management Systems Market by Fit
11.3.7.3.2 India Flight Management Systems Market by Aircraft Type
11.3.7.3.3 India Flight Management Systems Market by Hardware
11.3.7.3.4 India Flight Management Systems Market by End-User
11.3.7.4 Japan Flight Management Systems Market
11.3.7.4.1 Japan Flight Management Systems Market by Fit
11.3.7.4.2 Japan Flight Management Systems Market by Aircraft Type
11.3.7.4.3 Japan Flight Management Systems Market by Hardware
11.3.7.4.4 Japan Flight Management Systems Market by End-User
11.3.7.5 South Korea Flight Management Systems Market
11.3.7.5.1 South Korea Flight Management Systems Market by Fit
11.3.7.5.2 South Korea Flight Management Systems Market by Aircraft Type
11.3.7.5.3 South Korea Flight Management Systems Market by Hardware
11.3.7.5.4 South Korea Flight Management Systems Market by End-User
11.3.7.6 Rest of Asia-Pacific Flight Management Systems Market
11.3.7.6.1 Rest of Asia-Pacific Flight Management Systems Market by Fit
11.3.7.6.2 Rest of Asia-Pacific Flight Management Systems Market by Aircraft Type
11.3.7.6.3 Rest of Asia-Pacific Flight Management Systems Market by Hardware
11.3.7.6.4 Rest of Asia-Pacific Flight Management Systems Market by End-User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Flight Management Systems Market Overview
11.4.2 Middle East and Africa Flight Management Systems Market Forecasts and Analysis
11.4.3 Middle East and Africa Flight Management Systems Market Forecasts and Analysis - By Fit
11.4.4 Middle East and Africa Flight Management Systems Market Forecasts and Analysis - By Aircraft Type
11.4.5 Middle East and Africa Flight Management Systems Market Forecasts and Analysis - By Hardware
11.4.6 Middle East and Africa Flight Management Systems Market Forecasts and Analysis - By End-User
11.4.7 Middle East and Africa Flight Management Systems Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Flight Management Systems Market
11.4.7.1.1 South Africa Flight Management Systems Market by Fit
11.4.7.1.2 South Africa Flight Management Systems Market by Aircraft Type
11.4.7.1.3 South Africa Flight Management Systems Market by Hardware
11.4.7.1.4 South Africa Flight Management Systems Market by End-User
11.4.7.2 Saudi Arabia Flight Management Systems Market
11.4.7.2.1 Saudi Arabia Flight Management Systems Market by Fit
11.4.7.2.2 Saudi Arabia Flight Management Systems Market by Aircraft Type
11.4.7.2.3 Saudi Arabia Flight Management Systems Market by Hardware
11.4.7.2.4 Saudi Arabia Flight Management Systems Market by End-User
11.4.7.3 U.A.E Flight Management Systems Market
11.4.7.3.1 U.A.E Flight Management Systems Market by Fit
11.4.7.3.2 U.A.E Flight Management Systems Market by Aircraft Type
11.4.7.3.3 U.A.E Flight Management Systems Market by Hardware
11.4.7.3.4 U.A.E Flight Management Systems Market by End-User
11.4.7.4 Rest of Middle East and Africa Flight Management Systems Market
11.4.7.4.1 Rest of Middle East and Africa Flight Management Systems Market by Fit
11.4.7.4.2 Rest of Middle East and Africa Flight Management Systems Market by Aircraft Type
11.4.7.4.3 Rest of Middle East and Africa Flight Management Systems Market by Hardware
11.4.7.4.4 Rest of Middle East and Africa Flight Management Systems Market by End-User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Flight Management Systems Market Overview
11.5.2 South and Central America Flight Management Systems Market Forecasts and Analysis
11.5.3 South and Central America Flight Management Systems Market Forecasts and Analysis - By Fit
11.5.4 South and Central America Flight Management Systems Market Forecasts and Analysis - By Aircraft Type
11.5.5 South and Central America Flight Management Systems Market Forecasts and Analysis - By Hardware
11.5.6 South and Central America Flight Management Systems Market Forecasts and Analysis - By End-User
11.5.7 South and Central America Flight Management Systems Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Flight Management Systems Market
11.5.7.1.1 Brazil Flight Management Systems Market by Fit
11.5.7.1.2 Brazil Flight Management Systems Market by Aircraft Type
11.5.7.1.3 Brazil Flight Management Systems Market by Hardware
11.5.7.1.4 Brazil Flight Management Systems Market by End-User
11.5.7.2 Argentina Flight Management Systems Market
11.5.7.2.1 Argentina Flight Management Systems Market by Fit
11.5.7.2.2 Argentina Flight Management Systems Market by Aircraft Type
11.5.7.2.3 Argentina Flight Management Systems Market by Hardware
11.5.7.2.4 Argentina Flight Management Systems Market by End-User
11.5.7.3 Rest of South and Central America Flight Management Systems Market
11.5.7.3.1 Rest of South and Central America Flight Management Systems Market by Fit
11.5.7.3.2 Rest of South and Central America Flight Management Systems Market by Aircraft Type
11.5.7.3.3 Rest of South and Central America Flight Management Systems Market by Hardware
11.5.7.3.4 Rest of South and Central America Flight Management Systems 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. FLIGHT MANAGEMENT SYSTEMS MARKET, KEY COMPANY PROFILES
13.1. HONEYWELL INTERNATIONAL INC.
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. ESTERLINE TECHNOLOGIES CORPORATION
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. GARMIN 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. GENERAL ELECTRIC COMPANY
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. JEPPESEN SANDERSON, 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. LEONARDO-FINMECCANICA SPA
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. LUFTHANSA SYSTEMS GMBH AND CO. KG
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. NAVTECH, INC.
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. ROCKWELL COLLINS
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. THALES GROUP
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
13.11. UNIVERSAL AVIONICS SYSTEMS CORPORATION
13.11.1. Key Facts
13.11.2. Business Description
13.11.3. Products and Services
13.11.4. Financial Overview
13.11.5. SWOT Analysis
13.11.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Honeywell International Inc.
2. Esterline Technologies Corporation
3. Garmin Ltd.
4. General Electric Company
5. Jeppesen Sanderson, Inc.
6. Leonardo-Finmeccanica Spa
7. Lufthansa Systems GmbH and Co. Kg
8. Navtech, Inc.
9. Rockwell Collins
10. Thales Group
11. Universal Avionics Systems Corporation
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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