The Handheld Gimbal Market is expected to register a CAGR of 5.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Handheld Gimbal Stabilizer market report is segmented by type into 2-Axis Handheld Gimbal and 3-Axis Handheld Gimbal. The end-user segment includes Amateurs and Professionals. The market evaluation is presented in US$ for the above segmental analysis. The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Handheld Gimbal 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.
Handheld Gimbal Market Segmentation
Type- 2-Axis Handheld Gimbal
- 3-Axis Handheld Gimbal
- Offline
- Online
- Cinema Camera
- DSLR
- Action Camera
- Smartphones
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Handheld Gimbal Market Growth Drivers- High Demand for Stabilized Videos: The growing use of video content on platforms like YouTube, TikTok, and Instagram is driving high demand for stabilized, high-quality videos.
- Importance for Content Creators: Gimbals are essential for content creators to produce smooth, professional-looking videos, making them a must-have tool for serious video production.
- Growth of Vlogging and Live Streaming: The rise of vlogging and live streaming has further fueled the need for gimbals, ensuring engaging content while the creator moves around.
- Surge in Popularity of Handheld Gimbals: Handheld gimbals are expected to experience significant growth in 2023, driven by the increasing demand for video content worldwide.
- 5G Technology Enhancing Live Streaming: The development of 5G technology will address challenges related to live streaming and remote control of gimbals, enabling smoother operations.
- Growing Demand for High-Definition Video: As the demand for high-definition video continues to rise, the handheld gimbal market will see further growth driven by the need for stabilized, professional-quality footage.
- Emerging Trend of Drone Videography: The integration of handheld gimbals with drones is creating opportunities for stable aerial footage, tapping into industries like real estate, construction, and filmmaking.
- Virtual and Augmented Reality Opportunities: The rising demand for virtual and augmented reality experiences presents a chance for gimbal manufacturers to develop devices capable of capturing 360-degree immersive footage.
- Gimbals for Action Cameras: The coupling of gimbals with action cameras is expanding the market to cater to adventure sports enthusiasts and professional athletes, pushing the boundaries of gimbal applications.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Handheld Gimbal 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 Handheld Gimbal Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The leading players of the market are: ARRI AG, Dongguan Lanparte Television Equipment Technology Co., Ltd., FeiyuTech, Filmpower, Gudsen Technology Co. Ltd., Ikan Corporation, Rollei GmbH and Co.KG, Sonia Photo, SZ DJI Technology Co., Ltd, Tilta Technology Co., Ltd
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on 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.
Hoping new emerging handheld gimbal market trends will lead to substantial growth and innovation during its future development period. Major industry trends are expected to include AI-driven integration for object tracking and scene recognition capabilities, while the adoption of 5G technology will help make it possible for smooth remote control and livestream capabilities. Virtual and augmented reality experiences are expected to always increase the demand for specialized gimbals capable of capturing highly immersive 360-degree footage. The growing trend of technology advancement makes this market for handheld gimbals to depository themselves into such trends and discover innovative solutions for content creators.
Handheld Gimbal Market Market is expected to grow at a CAGR of 5.5% between 2023-2031
Market demand for the portable gimbals is highly driven by the rising demand for quality video content, sought after on multiple platforms. The high demand in vlogging and social media and live streaming has dramatically increased the demand for stable and smooth video footage, and advancements in smartphone camera technology have further fueled the boom for gimbals to gain all their real potential. Simultaneously, growing adoption of drones and action cameras will lead to new scope opportunities for gimbal companies to get into the emerging segments. Those factors are positively contributing towards huge growth and expansion in the handheld gimbal market.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Handheld Gimbal Market - By Type
1.3.2 Handheld Gimbal Market - By Distribution Channel
1.3.3 Handheld Gimbal Market - By Application
1.3.4 Handheld Gimbal Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HANDHELD GIMBAL 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. HANDHELD GIMBAL 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. HANDHELD GIMBAL MARKET - GLOBAL MARKET ANALYSIS
6.1. HANDHELD GIMBAL - GLOBAL MARKET OVERVIEW
6.2. HANDHELD GIMBAL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HANDHELD GIMBAL MARKET - REVENUE AND FORECASTS TO 2028 – TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. 2-AXIS HANDHELD GIMBAL
7.3.1. Overview
7.3.2. 2-Axis Handheld Gimbal Market Forecast and Analysis
7.4. 3-AXIS HANDHELD GIMBAL
7.4.1. Overview
7.4.2. 3-Axis Handheld Gimbal Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. HANDHELD GIMBAL MARKET - REVENUE AND FORECASTS TO 2028 – DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. OFFLINE
8.3.1. Overview
8.3.2. Offline Market Forecast and Analysis
8.4. ONLINE
8.4.1. Overview
8.4.2. Online Market Forecast and Analysis
9. HANDHELD GIMBAL MARKET - REVENUE AND FORECASTS TO 2028 – APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. CINEMA CAMERA
9.3.1. Overview
9.3.2. Cinema Camera Market Forecast and Analysis
9.4. DSLR
9.4.1. Overview
9.4.2. DSLR Market Forecast and Analysis
9.5. ACTION CAMERA
9.5.1. Overview
9.5.2. Action Camera Market Forecast and Analysis
9.6. SMARTPHONES
9.6.1. Overview
9.6.2. Smartphones Market Forecast and Analysis
10. HANDHELD GIMBAL MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Handheld Gimbal Market Overview
10.1.2 North America Handheld Gimbal Market Forecasts and Analysis
10.1.3 North America Handheld Gimbal Market Forecasts and Analysis - By Type
10.1.4 North America Handheld Gimbal Market Forecasts and Analysis - By Distribution Channel
10.1.5 North America Handheld Gimbal Market Forecasts and Analysis - By Application
10.1.6 North America Handheld Gimbal Market Forecasts and Analysis - By Countries
10.1.6.1 United States Handheld Gimbal Market
10.1.6.1.1 United States Handheld Gimbal Market by Type
10.1.6.1.2 United States Handheld Gimbal Market by Distribution Channel
10.1.6.1.3 United States Handheld Gimbal Market by Application
10.1.6.2 Canada Handheld Gimbal Market
10.1.6.2.1 Canada Handheld Gimbal Market by Type
10.1.6.2.2 Canada Handheld Gimbal Market by Distribution Channel
10.1.6.2.3 Canada Handheld Gimbal Market by Application
10.1.6.3 Mexico Handheld Gimbal Market
10.1.6.3.1 Mexico Handheld Gimbal Market by Type
10.1.6.3.2 Mexico Handheld Gimbal Market by Distribution Channel
10.1.6.3.3 Mexico Handheld Gimbal Market by Application
10.2. EUROPE
10.2.1 Europe Handheld Gimbal Market Overview
10.2.2 Europe Handheld Gimbal Market Forecasts and Analysis
10.2.3 Europe Handheld Gimbal Market Forecasts and Analysis - By Type
10.2.4 Europe Handheld Gimbal Market Forecasts and Analysis - By Distribution Channel
10.2.5 Europe Handheld Gimbal Market Forecasts and Analysis - By Application
10.2.6 Europe Handheld Gimbal Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Handheld Gimbal Market
10.2.6.1.1 Germany Handheld Gimbal Market by Type
10.2.6.1.2 Germany Handheld Gimbal Market by Distribution Channel
10.2.6.1.3 Germany Handheld Gimbal Market by Application
10.2.6.2 France Handheld Gimbal Market
10.2.6.2.1 France Handheld Gimbal Market by Type
10.2.6.2.2 France Handheld Gimbal Market by Distribution Channel
10.2.6.2.3 France Handheld Gimbal Market by Application
10.2.6.3 Italy Handheld Gimbal Market
10.2.6.3.1 Italy Handheld Gimbal Market by Type
10.2.6.3.2 Italy Handheld Gimbal Market by Distribution Channel
10.2.6.3.3 Italy Handheld Gimbal Market by Application
10.2.6.4 United Kingdom Handheld Gimbal Market
10.2.6.4.1 United Kingdom Handheld Gimbal Market by Type
10.2.6.4.2 United Kingdom Handheld Gimbal Market by Distribution Channel
10.2.6.4.3 United Kingdom Handheld Gimbal Market by Application
10.2.6.5 Russia Handheld Gimbal Market
10.2.6.5.1 Russia Handheld Gimbal Market by Type
10.2.6.5.2 Russia Handheld Gimbal Market by Distribution Channel
10.2.6.5.3 Russia Handheld Gimbal Market by Application
10.2.6.6 Rest of Europe Handheld Gimbal Market
10.2.6.6.1 Rest of Europe Handheld Gimbal Market by Type
10.2.6.6.2 Rest of Europe Handheld Gimbal Market by Distribution Channel
10.2.6.6.3 Rest of Europe Handheld Gimbal Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Handheld Gimbal Market Overview
10.3.2 Asia-Pacific Handheld Gimbal Market Forecasts and Analysis
10.3.3 Asia-Pacific Handheld Gimbal Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Handheld Gimbal Market Forecasts and Analysis - By Distribution Channel
10.3.5 Asia-Pacific Handheld Gimbal Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Handheld Gimbal Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Handheld Gimbal Market
10.3.6.1.1 Australia Handheld Gimbal Market by Type
10.3.6.1.2 Australia Handheld Gimbal Market by Distribution Channel
10.3.6.1.3 Australia Handheld Gimbal Market by Application
10.3.6.2 China Handheld Gimbal Market
10.3.6.2.1 China Handheld Gimbal Market by Type
10.3.6.2.2 China Handheld Gimbal Market by Distribution Channel
10.3.6.2.3 China Handheld Gimbal Market by Application
10.3.6.3 India Handheld Gimbal Market
10.3.6.3.1 India Handheld Gimbal Market by Type
10.3.6.3.2 India Handheld Gimbal Market by Distribution Channel
10.3.6.3.3 India Handheld Gimbal Market by Application
10.3.6.4 Japan Handheld Gimbal Market
10.3.6.4.1 Japan Handheld Gimbal Market by Type
10.3.6.4.2 Japan Handheld Gimbal Market by Distribution Channel
10.3.6.4.3 Japan Handheld Gimbal Market by Application
10.3.6.5 South Korea Handheld Gimbal Market
10.3.6.5.1 South Korea Handheld Gimbal Market by Type
10.3.6.5.2 South Korea Handheld Gimbal Market by Distribution Channel
10.3.6.5.3 South Korea Handheld Gimbal Market by Application
10.3.6.6 Rest of Asia-Pacific Handheld Gimbal Market
10.3.6.6.1 Rest of Asia-Pacific Handheld Gimbal Market by Type
10.3.6.6.2 Rest of Asia-Pacific Handheld Gimbal Market by Distribution Channel
10.3.6.6.3 Rest of Asia-Pacific Handheld Gimbal Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Handheld Gimbal Market Overview
10.4.2 Middle East and Africa Handheld Gimbal Market Forecasts and Analysis
10.4.3 Middle East and Africa Handheld Gimbal Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Handheld Gimbal Market Forecasts and Analysis - By Distribution Channel
10.4.5 Middle East and Africa Handheld Gimbal Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Handheld Gimbal Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Handheld Gimbal Market
10.4.6.1.1 South Africa Handheld Gimbal Market by Type
10.4.6.1.2 South Africa Handheld Gimbal Market by Distribution Channel
10.4.6.1.3 South Africa Handheld Gimbal Market by Application
10.4.6.2 Saudi Arabia Handheld Gimbal Market
10.4.6.2.1 Saudi Arabia Handheld Gimbal Market by Type
10.4.6.2.2 Saudi Arabia Handheld Gimbal Market by Distribution Channel
10.4.6.2.3 Saudi Arabia Handheld Gimbal Market by Application
10.4.6.3 U.A.E Handheld Gimbal Market
10.4.6.3.1 U.A.E Handheld Gimbal Market by Type
10.4.6.3.2 U.A.E Handheld Gimbal Market by Distribution Channel
10.4.6.3.3 U.A.E Handheld Gimbal Market by Application
10.4.6.4 Rest of Middle East and Africa Handheld Gimbal Market
10.4.6.4.1 Rest of Middle East and Africa Handheld Gimbal Market by Type
10.4.6.4.2 Rest of Middle East and Africa Handheld Gimbal Market by Distribution Channel
10.4.6.4.3 Rest of Middle East and Africa Handheld Gimbal Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Handheld Gimbal Market Overview
10.5.2 South and Central America Handheld Gimbal Market Forecasts and Analysis
10.5.3 South and Central America Handheld Gimbal Market Forecasts and Analysis - By Type
10.5.4 South and Central America Handheld Gimbal Market Forecasts and Analysis - By Distribution Channel
10.5.5 South and Central America Handheld Gimbal Market Forecasts and Analysis - By Application
10.5.6 South and Central America Handheld Gimbal Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Handheld Gimbal Market
10.5.6.1.1 Brazil Handheld Gimbal Market by Type
10.5.6.1.2 Brazil Handheld Gimbal Market by Distribution Channel
10.5.6.1.3 Brazil Handheld Gimbal Market by Application
10.5.6.2 Argentina Handheld Gimbal Market
10.5.6.2.1 Argentina Handheld Gimbal Market by Type
10.5.6.2.2 Argentina Handheld Gimbal Market by Distribution Channel
10.5.6.2.3 Argentina Handheld Gimbal Market by Application
10.5.6.3 Rest of South and Central America Handheld Gimbal Market
10.5.6.3.1 Rest of South and Central America Handheld Gimbal Market by Type
10.5.6.3.2 Rest of South and Central America Handheld Gimbal Market by Distribution Channel
10.5.6.3.3 Rest of South and Central America Handheld Gimbal 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. HANDHELD GIMBAL MARKET, KEY COMPANY PROFILES
12.1. ARRI AG
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. DONGGUAN LANPARTE TELEVISION EQUIPMENT TECHNOLOGY CO.,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. FEIYUTECH
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. FILMPOWER
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. GUDSEN TECHNOLOGY CO. 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. IKAN 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. ROLLEI GMBH AND CO.KG
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. SONIA PHOTO
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. SZ DJI TECHNOLOGY CO., LTD
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. TILTA TECHNOLOGY CO., LTD
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. ARRI AG
2. Dongguan Lanparte Television Equipment Technology Co.,Ltd.
3. FeiyuTech
4. Filmpower
5. Gudsen Technology Co. Ltd.
6. Ikan Corporation
7. Rollei GmbH and Co.KG
8. Sonia Photo
9. SZ DJI Technology Co., Ltd
10. Tilta Technology Co., Ltd
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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