Laser Designator Targeting Pods Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Laser Designator Targeting Pods Market covers analysis By Component (Environmental Control Unit, Charged Coupled Device (CCD) Camera, Digital Data Recorder, Processor, Sensor, Others); Platform (UAV, Combat Aircraft, Attack Helicopter, Bombers) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00021509
  • Category : Aerospace and Defense
  • No. of Pages : 150
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Laser Designator Targeting Pods Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET OVERVIEW

Targeting pods are instruments that are able to classify and direct arms towards the intended target. With the rising demand for improved targeting systems, the global laser designator targeting pods market is growing. Precision-guided munitions, such as laser-guided weaponry use targeting pods. A series of coded bursts of laser light is fired and the beam is invisible and does not shine continuously. Considering the growing tension among various countries in the Africa region, the requirement for laser designator target pods is anticipated to increase in near future.

MARKET SCOPE

The "Global Laser Designator Targeting Pods 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 laser designator targeting pods market with detailed market segmentation by component, platform, and geography. The report provides key statistics on the market status of the leading laser designator targeting pods market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •   Based on component, the global laser designator targeting pods market is segmented into environmental control unit, charged coupled device (CCD) camera, digital data recorder, processor, sensor and others.
  •   On the basis of platform, the market is segmented into UAV, combat aircraft, attack helicopter and bombers.

MARKET DYNAMICS
Drivers:

  •   Increasing military aircraft up-gradation programs in various nations.
  •   Rising demand for aircraft payload-based targeting systems.

Restraints:

  •   High cost involved may restrain the market growth to some extent.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global 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), and Rest of the World (RoW). The laser designator targeting pods market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the laser designator targeting pods market worldwide.

IMPACT OF COVID-19 ON LASER DESIGNATOR TARGETING PODS MARKET

With growing defense modernization programs, the requirement for laser designator targeting pods was growing promisingly before the pandemic began. But due to the pandemic of COVID-19, some countries' defense budget was reduced during 2021 owing to expenditure on vaccines, oxygen cylinders, and other healthcare facilities. In 2021, Russia's military expenditure was US$ 65.20 billion which was reduced to US$ 61.71 billion in 2021. Decreased military spending in such major countries affected the demand for laser designator targeting pods to some extent. Limited availability of raw material, temporary manufacturing shutdown, restriction of the limited workforce, and delay in scheduled deliveries have affected the production process negatively. All such limitations negatively impacted the production of digital data recorders, environmental control units, and charged coupled device cameras. Some key companies also saw a drop in their annual revenues. For instance, the annual revenue of Teledyne FLIR LLC went down to US$ 3.08 billion in 2021 from US$ 3.16 billion in 2021.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global 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), and Rest of the World (RoW). The laser designator targeting pods market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the laser designator targeting pods market worldwide.

IMPACT OF COVID-19 ON LASER DESIGNATOR TARGETING PODS MARKET

With growing defense modernization programs, the requirement for laser designator targeting pods was growing promisingly before the pandemic began. But due to the pandemic of COVID-19, some countries' defense budget was reduced during 2021 owing to expenditure on vaccines, oxygen cylinders, and other healthcare facilities. In 2021, Russia's military expenditure was US$ 65.20 billion which was reduced to US$ 61.71 billion in 2021. Decreased military spending in such major countries affected the demand for laser designator targeting pods to some extent. Limited availability of raw material, temporary manufacturing shutdown, restriction of the limited workforce, and delay in scheduled deliveries have affected the production process negatively. All such limitations negatively impacted the production of digital data recorders, environmental control units, and charged coupled device cameras. Some key companies also saw a drop in their annual revenues. For instance, the annual revenue of Teledyne FLIR LLC went down to US$ 3.08 billion in 2021 from US$ 3.16 billion in 2021.

MARKET PLAYERS

The report covers key developments in the laser designator targeting pods 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 laser designator targeting pods market are anticipated to lucrative growth opportunities in the future with the rising demand for laser designator targeting pods in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the laser designator targeting pods 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.

  •   Teledyne FLIR LLC
  •   ASELSAN A..
  •   Israel Aerospace Industries Ltd.
  •   Lockheed Martin Corporation
  •   Moog Inc.
  •   Northrop Grumman Corporation
  •   Raytheon Technologies Corporation
  •   Rafael Advanced Defense Systems Ltd.
  •   Thales Group
  •   L3Harris Technologies, Inc.
The Insight Partner's 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Laser Designator Targeting Pods Market - By Component
1.3.2 Laser Designator Targeting Pods Market - By Platform
1.3.3 Laser Designator Targeting Pods Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. LASER DESIGNATOR TARGETING PODS 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. LASER DESIGNATOR TARGETING PODS 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. LASER DESIGNATOR TARGETING PODS MARKET - GLOBAL MARKET ANALYSIS
6.1. LASER DESIGNATOR TARGETING PODS - GLOBAL MARKET OVERVIEW
6.2. LASER DESIGNATOR TARGETING PODS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. LASER DESIGNATOR TARGETING PODS MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. ENVIRONMENTAL CONTROL UNIT
7.3.1. Overview
7.3.2. Environmental Control Unit Market Forecast and Analysis
7.4. CHARGED COUPLED DEVICE (CCD) CAMERA
7.4.1. Overview
7.4.2. Charged Coupled Device (CCD) Camera Market Forecast and Analysis
7.5. DIGITAL DATA RECORDER
7.5.1. Overview
7.5.2. Digital Data Recorder Market Forecast and Analysis
7.6. PROCESSOR
7.6.1. Overview
7.6.2. Processor Market Forecast and Analysis
7.7. SENSOR
7.7.1. Overview
7.7.2. Sensor Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. LASER DESIGNATOR TARGETING PODS MARKET - REVENUE AND FORECASTS TO 2028 - PLATFORM
8.1. OVERVIEW
8.2. PLATFORM MARKET FORECASTS AND ANALYSIS
8.3. UAV
8.3.1. Overview
8.3.2. UAV Market Forecast and Analysis
8.4. COMBAT AIRCRAFT
8.4.1. Overview
8.4.2. Combat Aircraft Market Forecast and Analysis
8.5. ATTACK HELICOPTER
8.5.1. Overview
8.5.2. Attack Helicopter Market Forecast and Analysis
8.6. BOMBERS
8.6.1. Overview
8.6.2. Bombers Market Forecast and Analysis

9. LASER DESIGNATOR TARGETING PODS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Laser Designator Targeting Pods Market Overview
9.1.2 North America Laser Designator Targeting Pods Market Forecasts and Analysis
9.1.3 North America Laser Designator Targeting Pods Market Forecasts and Analysis - By Component
9.1.4 North America Laser Designator Targeting Pods Market Forecasts and Analysis - By Platform
9.1.5 North America Laser Designator Targeting Pods Market Forecasts and Analysis - By Countries
9.1.5.1 United States Laser Designator Targeting Pods Market
9.1.5.1.1 United States Laser Designator Targeting Pods Market by Component
9.1.5.1.2 United States Laser Designator Targeting Pods Market by Platform
9.1.5.2 Canada Laser Designator Targeting Pods Market
9.1.5.2.1 Canada Laser Designator Targeting Pods Market by Component
9.1.5.2.2 Canada Laser Designator Targeting Pods Market by Platform
9.1.5.3 Mexico Laser Designator Targeting Pods Market
9.1.5.3.1 Mexico Laser Designator Targeting Pods Market by Component
9.1.5.3.2 Mexico Laser Designator Targeting Pods Market by Platform
9.2. EUROPE
9.2.1 Europe Laser Designator Targeting Pods Market Overview
9.2.2 Europe Laser Designator Targeting Pods Market Forecasts and Analysis
9.2.3 Europe Laser Designator Targeting Pods Market Forecasts and Analysis - By Component
9.2.4 Europe Laser Designator Targeting Pods Market Forecasts and Analysis - By Platform
9.2.5 Europe Laser Designator Targeting Pods Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Laser Designator Targeting Pods Market
9.2.5.1.1 Germany Laser Designator Targeting Pods Market by Component
9.2.5.1.2 Germany Laser Designator Targeting Pods Market by Platform
9.2.5.2 France Laser Designator Targeting Pods Market
9.2.5.2.1 France Laser Designator Targeting Pods Market by Component
9.2.5.2.2 France Laser Designator Targeting Pods Market by Platform
9.2.5.3 Italy Laser Designator Targeting Pods Market
9.2.5.3.1 Italy Laser Designator Targeting Pods Market by Component
9.2.5.3.2 Italy Laser Designator Targeting Pods Market by Platform
9.2.5.4 United Kingdom Laser Designator Targeting Pods Market
9.2.5.4.1 United Kingdom Laser Designator Targeting Pods Market by Component
9.2.5.4.2 United Kingdom Laser Designator Targeting Pods Market by Platform
9.2.5.5 Rest of Europe Laser Designator Targeting Pods Market
9.2.5.5.1 Rest of Europe Laser Designator Targeting Pods Market by Component
9.2.5.5.2 Rest of Europe Laser Designator Targeting Pods Market by Platform
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Laser Designator Targeting Pods Market Overview
9.3.2 Asia-Pacific Laser Designator Targeting Pods Market Forecasts and Analysis
9.3.3 Asia-Pacific Laser Designator Targeting Pods Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Laser Designator Targeting Pods Market Forecasts and Analysis - By Platform
9.3.5 Asia-Pacific Laser Designator Targeting Pods Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Laser Designator Targeting Pods Market
9.3.5.1.1 Australia Laser Designator Targeting Pods Market by Component
9.3.5.1.2 Australia Laser Designator Targeting Pods Market by Platform
9.3.5.2 China Laser Designator Targeting Pods Market
9.3.5.2.1 China Laser Designator Targeting Pods Market by Component
9.3.5.2.2 China Laser Designator Targeting Pods Market by Platform
9.3.5.3 India Laser Designator Targeting Pods Market
9.3.5.3.1 India Laser Designator Targeting Pods Market by Component
9.3.5.3.2 India Laser Designator Targeting Pods Market by Platform
9.3.5.4 Japan Laser Designator Targeting Pods Market
9.3.5.4.1 Japan Laser Designator Targeting Pods Market by Component
9.3.5.4.2 Japan Laser Designator Targeting Pods Market by Platform
9.3.5.5 South Korea Laser Designator Targeting Pods Market
9.3.5.5.1 South Korea Laser Designator Targeting Pods Market by Component
9.3.5.5.2 South Korea Laser Designator Targeting Pods Market by Platform
9.3.5.6 Rest of Asia-Pacific Laser Designator Targeting Pods Market
9.3.5.6.1 Rest of Asia-Pacific Laser Designator Targeting Pods Market by Component
9.3.5.6.2 Rest of Asia-Pacific Laser Designator Targeting Pods Market by Platform
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Laser Designator Targeting Pods Market Overview
9.4.2 Middle East and Africa Laser Designator Targeting Pods Market Forecasts and Analysis
9.4.3 Middle East and Africa Laser Designator Targeting Pods Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Laser Designator Targeting Pods Market Forecasts and Analysis - By Platform
9.4.5 Middle East and Africa Laser Designator Targeting Pods Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Laser Designator Targeting Pods Market
9.4.5.1.1 South Africa Laser Designator Targeting Pods Market by Component
9.4.5.1.2 South Africa Laser Designator Targeting Pods Market by Platform
9.4.5.2 Saudi Arabia Laser Designator Targeting Pods Market
9.4.5.2.1 Saudi Arabia Laser Designator Targeting Pods Market by Component
9.4.5.2.2 Saudi Arabia Laser Designator Targeting Pods Market by Platform
9.4.5.3 U.A.E Laser Designator Targeting Pods Market
9.4.5.3.1 U.A.E Laser Designator Targeting Pods Market by Component
9.4.5.3.2 U.A.E Laser Designator Targeting Pods Market by Platform
9.4.5.4 Rest of Middle East and Africa Laser Designator Targeting Pods Market
9.4.5.4.1 Rest of Middle East and Africa Laser Designator Targeting Pods Market by Component
9.4.5.4.2 Rest of Middle East and Africa Laser Designator Targeting Pods Market by Platform
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Laser Designator Targeting Pods Market Overview
9.5.2 South and Central America Laser Designator Targeting Pods Market Forecasts and Analysis
9.5.3 South and Central America Laser Designator Targeting Pods Market Forecasts and Analysis - By Component
9.5.4 South and Central America Laser Designator Targeting Pods Market Forecasts and Analysis - By Platform
9.5.5 South and Central America Laser Designator Targeting Pods Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Laser Designator Targeting Pods Market
9.5.5.1.1 Brazil Laser Designator Targeting Pods Market by Component
9.5.5.1.2 Brazil Laser Designator Targeting Pods Market by Platform
9.5.5.2 Rest of South and Central America Laser Designator Targeting Pods Market
9.5.5.2.1 Rest of South and Central America Laser Designator Targeting Pods Market by Component
9.5.5.2.2 Rest of South and Central America Laser Designator Targeting Pods Market by Platform

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. LASER DESIGNATOR TARGETING PODS MARKET, KEY COMPANY PROFILES
11.1. TELEDYNE FLIR LLC
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. ASELSAN A.?.
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. ISRAEL AEROSPACE INDUSTRIES LTD.
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. LOCKHEED MARTIN CORPORATION
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. MOOG INC.
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. NORTHROP GRUMMAN CORPORATION
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. RAYTHEON TECHNOLOGIES CORPORATION
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. RAFAEL ADVANCED DEFENSE SYSTEMS LTD.
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. THALES GROUP
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. L3HARRIS TECHNOLOGIES, INC.
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
The List of Companies

1.Teledyne FLIR LLC
2.ASELSAN A..
3.Israel Aerospace Industries Ltd.
4.Lockheed Martin Corporation
5.Moog Inc.
6.Northrop Grumman Corporation
7.Raytheon Technologies Corporation
8.Rafael Advanced Defense Systems Ltd.
9.Thales Group
10.L3Harris Technologies, Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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