Hyperspectral Imaging in Agriculture Market Scope and Size by 2031
Through unmanned aerial vehicle (UAV) systems, hyperspectral imaging has applications in a wide range of industries, including mining, agriculture, astronomy, and surveillance. The implementation of technology in the agricultural business has been the subject of research since the 2000s. A wide range of crop difficulties can be handled with hyperspectral imaging cameras and accessories. Because of a greater understanding of the technology's benefits, growers all over the world have begun to accept hyperspectral imaging in agriculture.
MARKET DYNAMICS
There have been major developments in spectrographs and detector designs throughout the years, resulting in lower prices and increased instrumentation capabilities. As a result, HSI is becoming more widely used in a variety of applications. Hyperspectral cameras, unlike regular cameras, acquire a 3D picture cube and spectral information, making them ideal for any situation in which images must cover a broad area and encode a big amount of data in a single shot. HSI was originally designed for remote sensing applications such as earth imaging by satellite. HSI, on the other hand, has become more compact, less expensive, and more adapted for application in a variety of industries, including agriculture, pharmaceuticals, food testing, medical diagnostics, art research, and waste management, because to technical improvements.
MARKET SCOPE
The "Global Hyperspectral Imaging in Agriculture Market Analysis to 2031" is a specialized and in-depth study of Hyperspectral Imaging in the Agriculture Market with a special focus on the global market trend analysis. The report aims to provide an overview of Hyperspectral Imaging in the Agriculture Market with detailed market segmentation by product, application, and geography. The global Hyperspectral Imaging in Agriculture Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Hyperspectral Imaging in Agriculture Market players and offers key trends and opportunities in the Hyperspectral Imaging in Agriculture Market.
MARKET SEGMENTATION
The global Hyperspectral Imaging in Agriculture Market is segmented based on product and application. On the basis of product, the market is segmented into the camera, artificial light source, image processor, and others. Based on application the market is segmented into vegetation mapping, crop disease monitoring, stress detection, yield estimation, impurity detection, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Hyperspectral Imaging in Agriculture Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Hyperspectral Imaging in Agriculture Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Hyperspectral Imaging in Agriculture Market from both demand and supply side and further evaluates market dynamics effecting 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 America after evaluating political, economic, social and technological factors effecting the Hyperspectral Imaging in Agriculture 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 overview and forecast of the global Hyperspectral Imaging in Agriculture Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Hyperspectral Imaging in Agriculture Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Hyperspectral Imaging in Agriculture Market from both demand and supply side and further evaluates market dynamics effecting 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 America after evaluating political, economic, social and technological factors effecting the Hyperspectral Imaging in Agriculture Market in these regions.
MARKET PLAYERS
The reports cover key developments in the Hyperspectral Imaging in Agriculture 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 way for the expansion of business and customer base of market players. The market players from Hyperspectral Imaging in Agriculture Market are anticipated to lucrative growth opportunities in the future with the rising demand for Hyperspectral Imaging in Agriculture Market. Below mentioned is the list of few companies engaged in the Hyperspectral Imaging in Agriculture Market.
The report also includes the profiles of key Hyperspectral Imaging in Agriculture Market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Analytik Ltd
- BaySpec, Inc.
- Corning Incorporated
- Cubert GmbH
- FluroSat
- Gamaya
- HAIP Solution GmbH
- Imec
- ImpactVision
- Inno-spec GmbH
- 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 Hyperspectral Imaging In Agriculture Market - By Application
1.3.2 Hyperspectral Imaging In Agriculture Market - By Product
1.3.3 Hyperspectral Imaging In Agriculture Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HYPERSPECTRAL IMAGING IN AGRICULTURE 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. HYPERSPECTRAL IMAGING IN AGRICULTURE 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. HYPERSPECTRAL IMAGING IN AGRICULTURE MARKET - GLOBAL MARKET ANALYSIS
6.1. HYPERSPECTRAL IMAGING IN AGRICULTURE - GLOBAL MARKET OVERVIEW
6.2. HYPERSPECTRAL IMAGING IN AGRICULTURE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HYPERSPECTRAL IMAGING IN AGRICULTURE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. VEGETATION MAPPING
7.3.1. Overview
7.3.2. Vegetation Mapping Market Forecast and Analysis
7.4. CROP DISEASE MONITORING
7.4.1. Overview
7.4.2. Crop Disease Monitoring Market Forecast and Analysis
7.5. STRESS DETECTION
7.5.1. Overview
7.5.2. Stress Detection Market Forecast and Analysis
7.6. YIELD ESTIMATION
7.6.1. Overview
7.6.2. Yield Estimation Market Forecast and Analysis
7.7. IMPURITY DETECTION
7.7.1. Overview
7.7.2. Impurity Detection Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. HYPERSPECTRAL IMAGING IN AGRICULTURE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
8.1. OVERVIEW
8.2. PRODUCT MARKET FORECASTS AND ANALYSIS
8.3. CAMERA
8.3.1. Overview
8.3.2. Camera Market Forecast and Analysis
8.4. ARTIFICIAL LIGHT SOURCE
8.4.1. Overview
8.4.2. Artificial Light Source Market Forecast and Analysis
8.5. IMAGE PROCESSOR
8.5.1. Overview
8.5.2. Image Processor Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. HYPERSPECTRAL IMAGING IN AGRICULTURE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Hyperspectral Imaging In Agriculture Market Overview
9.1.2 North America Hyperspectral Imaging In Agriculture Market Forecasts and Analysis
9.1.3 North America Hyperspectral Imaging In Agriculture Market Forecasts and Analysis - By Application
9.1.4 North America Hyperspectral Imaging In Agriculture Market Forecasts and Analysis - By Product
9.1.5 North America Hyperspectral Imaging In Agriculture Market Forecasts and Analysis - By Countries
9.1.5.1 United States Hyperspectral Imaging In Agriculture Market
9.1.5.1.1 United States Hyperspectral Imaging In Agriculture Market by Application
9.1.5.1.2 United States Hyperspectral Imaging In Agriculture Market by Product
9.1.5.2 Canada Hyperspectral Imaging In Agriculture Market
9.1.5.2.1 Canada Hyperspectral Imaging In Agriculture Market by Application
9.1.5.2.2 Canada Hyperspectral Imaging In Agriculture Market by Product
9.1.5.3 Mexico Hyperspectral Imaging In Agriculture Market
9.1.5.3.1 Mexico Hyperspectral Imaging In Agriculture Market by Application
9.1.5.3.2 Mexico Hyperspectral Imaging In Agriculture Market by Product
9.2. EUROPE
9.2.1 Europe Hyperspectral Imaging In Agriculture Market Overview
9.2.2 Europe Hyperspectral Imaging In Agriculture Market Forecasts and Analysis
9.2.3 Europe Hyperspectral Imaging In Agriculture Market Forecasts and Analysis - By Application
9.2.4 Europe Hyperspectral Imaging In Agriculture Market Forecasts and Analysis - By Product
9.2.5 Europe Hyperspectral Imaging In Agriculture Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Hyperspectral Imaging In Agriculture Market
9.2.5.1.1 Germany Hyperspectral Imaging In Agriculture Market by Application
9.2.5.1.2 Germany Hyperspectral Imaging In Agriculture Market by Product
9.2.5.2 France Hyperspectral Imaging In Agriculture Market
9.2.5.2.1 France Hyperspectral Imaging In Agriculture Market by Application
9.2.5.2.2 France Hyperspectral Imaging In Agriculture Market by Product
9.2.5.3 Italy Hyperspectral Imaging In Agriculture Market
9.2.5.3.1 Italy Hyperspectral Imaging In Agriculture Market by Application
9.2.5.3.2 Italy Hyperspectral Imaging In Agriculture Market by Product
9.2.5.4 United Kingdom Hyperspectral Imaging In Agriculture Market
9.2.5.4.1 United Kingdom Hyperspectral Imaging In Agriculture Market by Application
9.2.5.4.2 United Kingdom Hyperspectral Imaging In Agriculture Market by Product
9.2.5.5 Russia Hyperspectral Imaging In Agriculture Market
9.2.5.5.1 Russia Hyperspectral Imaging In Agriculture Market by Application
9.2.5.5.2 Russia Hyperspectral Imaging In Agriculture Market by Product
9.2.5.6 Rest of Europe Hyperspectral Imaging In Agriculture Market
9.2.5.6.1 Rest of Europe Hyperspectral Imaging In Agriculture Market by Application
9.2.5.6.2 Rest of Europe Hyperspectral Imaging In Agriculture Market by Product
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Hyperspectral Imaging In Agriculture Market Overview
9.3.2 Asia-Pacific Hyperspectral Imaging In Agriculture Market Forecasts and Analysis
9.3.3 Asia-Pacific Hyperspectral Imaging In Agriculture Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Hyperspectral Imaging In Agriculture Market Forecasts and Analysis - By Product
9.3.5 Asia-Pacific Hyperspectral Imaging In Agriculture Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Hyperspectral Imaging In Agriculture Market
9.3.5.1.1 Australia Hyperspectral Imaging In Agriculture Market by Application
9.3.5.1.2 Australia Hyperspectral Imaging In Agriculture Market by Product
9.3.5.2 China Hyperspectral Imaging In Agriculture Market
9.3.5.2.1 China Hyperspectral Imaging In Agriculture Market by Application
9.3.5.2.2 China Hyperspectral Imaging In Agriculture Market by Product
9.3.5.3 India Hyperspectral Imaging In Agriculture Market
9.3.5.3.1 India Hyperspectral Imaging In Agriculture Market by Application
9.3.5.3.2 India Hyperspectral Imaging In Agriculture Market by Product
9.3.5.4 Japan Hyperspectral Imaging In Agriculture Market
9.3.5.4.1 Japan Hyperspectral Imaging In Agriculture Market by Application
9.3.5.4.2 Japan Hyperspectral Imaging In Agriculture Market by Product
9.3.5.5 South Korea Hyperspectral Imaging In Agriculture Market
9.3.5.5.1 South Korea Hyperspectral Imaging In Agriculture Market by Application
9.3.5.5.2 South Korea Hyperspectral Imaging In Agriculture Market by Product
9.3.5.6 Rest of Asia-Pacific Hyperspectral Imaging In Agriculture Market
9.3.5.6.1 Rest of Asia-Pacific Hyperspectral Imaging In Agriculture Market by Application
9.3.5.6.2 Rest of Asia-Pacific Hyperspectral Imaging In Agriculture Market by Product
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Hyperspectral Imaging In Agriculture Market Overview
9.4.2 Middle East and Africa Hyperspectral Imaging In Agriculture Market Forecasts and Analysis
9.4.3 Middle East and Africa Hyperspectral Imaging In Agriculture Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Hyperspectral Imaging In Agriculture Market Forecasts and Analysis - By Product
9.4.5 Middle East and Africa Hyperspectral Imaging In Agriculture Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Hyperspectral Imaging In Agriculture Market
9.4.5.1.1 South Africa Hyperspectral Imaging In Agriculture Market by Application
9.4.5.1.2 South Africa Hyperspectral Imaging In Agriculture Market by Product
9.4.5.2 Saudi Arabia Hyperspectral Imaging In Agriculture Market
9.4.5.2.1 Saudi Arabia Hyperspectral Imaging In Agriculture Market by Application
9.4.5.2.2 Saudi Arabia Hyperspectral Imaging In Agriculture Market by Product
9.4.5.3 U.A.E Hyperspectral Imaging In Agriculture Market
9.4.5.3.1 U.A.E Hyperspectral Imaging In Agriculture Market by Application
9.4.5.3.2 U.A.E Hyperspectral Imaging In Agriculture Market by Product
9.4.5.4 Rest of Middle East and Africa Hyperspectral Imaging In Agriculture Market
9.4.5.4.1 Rest of Middle East and Africa Hyperspectral Imaging In Agriculture Market by Application
9.4.5.4.2 Rest of Middle East and Africa Hyperspectral Imaging In Agriculture Market by Product
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Hyperspectral Imaging In Agriculture Market Overview
9.5.2 South and Central America Hyperspectral Imaging In Agriculture Market Forecasts and Analysis
9.5.3 South and Central America Hyperspectral Imaging In Agriculture Market Forecasts and Analysis - By Application
9.5.4 South and Central America Hyperspectral Imaging In Agriculture Market Forecasts and Analysis - By Product
9.5.5 South and Central America Hyperspectral Imaging In Agriculture Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Hyperspectral Imaging In Agriculture Market
9.5.5.1.1 Brazil Hyperspectral Imaging In Agriculture Market by Application
9.5.5.1.2 Brazil Hyperspectral Imaging In Agriculture Market by Product
9.5.5.2 Argentina Hyperspectral Imaging In Agriculture Market
9.5.5.2.1 Argentina Hyperspectral Imaging In Agriculture Market by Application
9.5.5.2.2 Argentina Hyperspectral Imaging In Agriculture Market by Product
9.5.5.3 Rest of South and Central America Hyperspectral Imaging In Agriculture Market
9.5.5.3.1 Rest of South and Central America Hyperspectral Imaging In Agriculture Market by Application
9.5.5.3.2 Rest of South and Central America Hyperspectral Imaging In Agriculture Market by Product
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HYPERSPECTRAL IMAGING IN AGRICULTURE MARKET, KEY COMPANY PROFILES
11.1. ANALYTIK LTD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BAYSPEC, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CORNING INCORPORATED
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CUBERT GMBH
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FLUROSAT
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GAMAYA
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HAIP SOLUTION GMBH
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. IMEC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. IMPACTVISION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. INNO-SPEC GMBH
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Analytik Ltd
2.BaySpec, Inc.
3.Corning Incorporated
4.Cubert GmbH
5.FluroSat
6.Gamaya
7.HAIP Solution GmbH
8.Imec
9.ImpactVision
10.Inno-spec GmbH
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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