Military Micro Tactical Ground Robots Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Military micro tactical ground robots are emerging technologies being adopted by the military sector for tactical operations such as surveillance, explosive disposal, and intelligence. The lightweight tactical vehicle offers enhanced remote control to humans for performing tactical operations from a safer distance. The robots are suitable for indoor, outdoor, and terrains applications with ease of carrying or portability in various locations. Further, improved performance of the micro-ground robots for harsh field conditions bolster its demand among tactical warfare forces, urban warfare units, and special forces.
MARKET SCOPE
The "Global Military Micro Tactical Ground Robots 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 military micro tactical ground robots market with detailed market segmentation by mode of operation, application, and geography. The report provides key statistics on the market status of the leading Military micro tactical ground robots market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of mode of operation, the market is segmented as Tethered, Tele-operated, Semi-autonomous, and Autonomous.
- On the basis of application, the market is segmented as Intelligence, Surveillance & Reconnaissance (ISR), Explosive Ordinance Disposal (EOD), Chemical, Biological, Radiological, Nuclear & Explosive (CBRNE) & Hazardous Material (HAZMAT), and Others.
MARKET DYNAMICS
Drivers:
- The rising trend of automation in the military and defense sector worldwide is one of the major driver for the growth of the micro tactical ground robots market.
- Increasing demand of robots for explosive ordinance disposal application is driving significant demand worldwide.
Restraints:
- High cost of maintenance and technical challenges related to range and power capacity may restrain the growth the military micro tactical ground robots market.
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), the Middle East and Africa (MEA), and South America. The Military micro tactical ground robots 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 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, highlighting the factors affecting the Military micro tactical ground robots market in these regions
IMPACT OF COVID-19 ON MILITARY MICRO TACTICAL GROUND ROBOTS MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, and other related industries. However, the market has minimal impact on the military micro tactical ground robots market, as protecting the nations is the military's primary task. The military sector of every nation has faced several disruptions in supply chain and production activities during the first half of 2021, while industry stabilized its process from the later half. Regardless of the consequences of the COVID - 19 pandemic, the military expenditure for advanced systems remained stable, which supported the market growth in COVID - 19 pandemic.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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 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), the Middle East and Africa (MEA), and South America. The Military micro tactical ground robots 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 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, highlighting the factors affecting the Military micro tactical ground robots market in these regions
IMPACT OF COVID-19 ON MILITARY MICRO TACTICAL GROUND ROBOTS MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, and other related industries. However, the market has minimal impact on the military micro tactical ground robots market, as protecting the nations is the military's primary task. The military sector of every nation has faced several disruptions in supply chain and production activities during the first half of 2021, while industry stabilized its process from the later half. Regardless of the consequences of the COVID - 19 pandemic, the military expenditure for advanced systems remained stable, which supported the market growth in COVID - 19 pandemic.
MARKET PLAYERS
The report covers key developments in the military micro tactical ground robots 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 Military micro tactical ground robots market are anticipated to lucrative growth opportunities in the future with the rising demand for Military micro tactical ground robots in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Military micro tactical ground robots 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.
- Aliter Technologies
- Elbit Systems Ltd.
- Friedrich Hippe Maschinenfabrik + Geraetebau GmbH
- Northrop Grumman Corporation
- QinetiQ
- ReconRobotics
- Roboteam
- Robotnik
- Thales Group
- Valley Associates Global Security Corporation
- 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
1.3.1Military Micro Tactical Ground Robots Market - By Mode of Operation
1.3.2Military Micro Tactical Ground Robots Market - By And Application
1.3.3Military Micro Tactical Ground Robots Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.MILITARY MICRO TACTICAL GROUND ROBOTS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.MILITARY MICRO TACTICAL GROUND ROBOTS 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.MILITARY MICRO TACTICAL GROUND ROBOTS MARKET - GLOBAL MARKET ANALYSIS
6.1.MILITARY MICRO TACTICAL GROUND ROBOTS - GLOBAL MARKET OVERVIEW
6.2.MILITARY MICRO TACTICAL GROUND ROBOTS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.MILITARY MICRO TACTICAL GROUND ROBOTS MARKET - REVENUE AND FORECASTS TO 2028 â" MODE OF OPERATION
7.1.OVERVIEW
7.2.MODE OF OPERATION MARKET FORECASTS AND ANALYSIS
7.3.TETHERED
7.3.1.Overview
7.3.2.Tethered Market Forecast and Analysis
7.4.TELE-OPERATED
7.4.1.Overview
7.4.2.Tele-operated Market Forecast and Analysis
7.5.SEMI-AUTONOMOUS
7.5.1.Overview
7.5.2.Semi-autonomous Market Forecast and Analysis
7.6.AUTONOMOUS
7.6.1.Overview
7.6.2.Autonomous Market Forecast and Analysis
8.MILITARY MICRO TACTICAL GROUND ROBOTS MARKET - REVENUE AND FORECASTS TO 2028 â" AND APPLICATION
8.1.OVERVIEW
8.2.AND APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.INTELLIGENCE
8.3.1.Overview
8.3.2.Intelligence Market Forecast and Analysis
8.4.SURVEILLANCE AND RECONNAISSANCE (ISR)
8.4.1.Overview
8.4.2.Surveillance and Reconnaissance (ISR) Market Forecast and Analysis
8.5.EXPLOSIVE ORDINANCE DISPOSAL (EOD)
8.5.1.Overview
8.5.2.Explosive Ordinance Disposal (EOD) Market Forecast and Analysis
8.6.CHEMICAL
8.6.1.Overview
8.6.2.Chemical Market Forecast and Analysis
8.7.BIOLOGICAL
8.7.1.Overview
8.7.2.Biological Market Forecast and Analysis
8.8.RADIOLOGICAL
8.8.1.Overview
8.8.2.Radiological Market Forecast and Analysis
8.9.NUCLEAR AND EXPLOSIVE (CBRNE) AND HAZARDOUS MATERIAL (HAZMAT)
8.9.1.Overview
8.9.2.Nuclear and Explosive (CBRNE) and Hazardous Material (HAZMAT) Market Forecast and Analysis
8.10.OTHERS
8.10.1.Overview
8.10.2.Others Market Forecast and Analysis
9.MILITARY MICRO TACTICAL GROUND ROBOTS MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Military Micro Tactical Ground Robots Market Overview
9.1.2North America Military Micro Tactical Ground Robots Market Forecasts and Analysis
9.1.3North America Military Micro Tactical Ground Robots Market Forecasts and Analysis - By Mode of Operation
9.1.4North America Military Micro Tactical Ground Robots Market Forecasts and Analysis - By And Application
9.1.5North America Military Micro Tactical Ground Robots Market Forecasts and Analysis - By Countries
9.1.5.1United States Military Micro Tactical Ground Robots Market
9.1.5.1.1United States Military Micro Tactical Ground Robots Market by Mode of Operation
9.1.5.1.2United States Military Micro Tactical Ground Robots Market by And Application
9.1.5.2Canada Military Micro Tactical Ground Robots Market
9.1.5.2.1Canada Military Micro Tactical Ground Robots Market by Mode of Operation
9.1.5.2.2Canada Military Micro Tactical Ground Robots Market by And Application
9.1.5.3Mexico Military Micro Tactical Ground Robots Market
9.1.5.3.1Mexico Military Micro Tactical Ground Robots Market by Mode of Operation
9.1.5.3.2Mexico Military Micro Tactical Ground Robots Market by And Application
9.2.EUROPE
9.2.1Europe Military Micro Tactical Ground Robots Market Overview
9.2.2Europe Military Micro Tactical Ground Robots Market Forecasts and Analysis
9.2.3Europe Military Micro Tactical Ground Robots Market Forecasts and Analysis - By Mode of Operation
9.2.4Europe Military Micro Tactical Ground Robots Market Forecasts and Analysis - By And Application
9.2.5Europe Military Micro Tactical Ground Robots Market Forecasts and Analysis - By Countries
9.2.5.1Germany Military Micro Tactical Ground Robots Market
9.2.5.1.1Germany Military Micro Tactical Ground Robots Market by Mode of Operation
9.2.5.1.2Germany Military Micro Tactical Ground Robots Market by And Application
9.2.5.2France Military Micro Tactical Ground Robots Market
9.2.5.2.1France Military Micro Tactical Ground Robots Market by Mode of Operation
9.2.5.2.2France Military Micro Tactical Ground Robots Market by And Application
9.2.5.3Italy Military Micro Tactical Ground Robots Market
9.2.5.3.1Italy Military Micro Tactical Ground Robots Market by Mode of Operation
9.2.5.3.2Italy Military Micro Tactical Ground Robots Market by And Application
9.2.5.4United Kingdom Military Micro Tactical Ground Robots Market
9.2.5.4.1United Kingdom Military Micro Tactical Ground Robots Market by Mode of Operation
9.2.5.4.2United Kingdom Military Micro Tactical Ground Robots Market by And Application
9.2.5.5Russia Military Micro Tactical Ground Robots Market
9.2.5.5.1Russia Military Micro Tactical Ground Robots Market by Mode of Operation
9.2.5.5.2Russia Military Micro Tactical Ground Robots Market by And Application
9.2.5.6Rest of Europe Military Micro Tactical Ground Robots Market
9.2.5.6.1Rest of Europe Military Micro Tactical Ground Robots Market by Mode of Operation
9.2.5.6.2Rest of Europe Military Micro Tactical Ground Robots Market by And Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Military Micro Tactical Ground Robots Market Overview
9.3.2Asia-Pacific Military Micro Tactical Ground Robots Market Forecasts and Analysis
9.3.3Asia-Pacific Military Micro Tactical Ground Robots Market Forecasts and Analysis - By Mode of Operation
9.3.4Asia-Pacific Military Micro Tactical Ground Robots Market Forecasts and Analysis - By And Application
9.3.5Asia-Pacific Military Micro Tactical Ground Robots Market Forecasts and Analysis - By Countries
9.3.5.1Australia Military Micro Tactical Ground Robots Market
9.3.5.1.1Australia Military Micro Tactical Ground Robots Market by Mode of Operation
9.3.5.1.2Australia Military Micro Tactical Ground Robots Market by And Application
9.3.5.2China Military Micro Tactical Ground Robots Market
9.3.5.2.1China Military Micro Tactical Ground Robots Market by Mode of Operation
9.3.5.2.2China Military Micro Tactical Ground Robots Market by And Application
9.3.5.3India Military Micro Tactical Ground Robots Market
9.3.5.3.1India Military Micro Tactical Ground Robots Market by Mode of Operation
9.3.5.3.2India Military Micro Tactical Ground Robots Market by And Application
9.3.5.4Japan Military Micro Tactical Ground Robots Market
9.3.5.4.1Japan Military Micro Tactical Ground Robots Market by Mode of Operation
9.3.5.4.2Japan Military Micro Tactical Ground Robots Market by And Application
9.3.5.5South Korea Military Micro Tactical Ground Robots Market
9.3.5.5.1South Korea Military Micro Tactical Ground Robots Market by Mode of Operation
9.3.5.5.2South Korea Military Micro Tactical Ground Robots Market by And Application
9.3.5.6Rest of Asia-Pacific Military Micro Tactical Ground Robots Market
9.3.5.6.1Rest of Asia-Pacific Military Micro Tactical Ground Robots Market by Mode of Operation
9.3.5.6.2Rest of Asia-Pacific Military Micro Tactical Ground Robots Market by And Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Military Micro Tactical Ground Robots Market Overview
9.4.2Middle East and Africa Military Micro Tactical Ground Robots Market Forecasts and Analysis
9.4.3Middle East and Africa Military Micro Tactical Ground Robots Market Forecasts and Analysis - By Mode of Operation
9.4.4Middle East and Africa Military Micro Tactical Ground Robots Market Forecasts and Analysis - By And Application
9.4.5Middle East and Africa Military Micro Tactical Ground Robots Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Military Micro Tactical Ground Robots Market
9.4.5.1.1South Africa Military Micro Tactical Ground Robots Market by Mode of Operation
9.4.5.1.2South Africa Military Micro Tactical Ground Robots Market by And Application
9.4.5.2Saudi Arabia Military Micro Tactical Ground Robots Market
9.4.5.2.1Saudi Arabia Military Micro Tactical Ground Robots Market by Mode of Operation
9.4.5.2.2Saudi Arabia Military Micro Tactical Ground Robots Market by And Application
9.4.5.3U.A.E Military Micro Tactical Ground Robots Market
9.4.5.3.1U.A.E Military Micro Tactical Ground Robots Market by Mode of Operation
9.4.5.3.2U.A.E Military Micro Tactical Ground Robots Market by And Application
9.4.5.4Rest of Middle East and Africa Military Micro Tactical Ground Robots Market
9.4.5.4.1Rest of Middle East and Africa Military Micro Tactical Ground Robots Market by Mode of Operation
9.4.5.4.2Rest of Middle East and Africa Military Micro Tactical Ground Robots Market by And Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Military Micro Tactical Ground Robots Market Overview
9.5.2South and Central America Military Micro Tactical Ground Robots Market Forecasts and Analysis
9.5.3South and Central America Military Micro Tactical Ground Robots Market Forecasts and Analysis - By Mode of Operation
9.5.4South and Central America Military Micro Tactical Ground Robots Market Forecasts and Analysis - By And Application
9.5.5South and Central America Military Micro Tactical Ground Robots Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Military Micro Tactical Ground Robots Market
9.5.5.1.1Brazil Military Micro Tactical Ground Robots Market by Mode of Operation
9.5.5.1.2Brazil Military Micro Tactical Ground Robots Market by And Application
9.5.5.2Argentina Military Micro Tactical Ground Robots Market
9.5.5.2.1Argentina Military Micro Tactical Ground Robots Market by Mode of Operation
9.5.5.2.2Argentina Military Micro Tactical Ground Robots Market by And Application
9.5.5.3Rest of South and Central America Military Micro Tactical Ground Robots Market
9.5.5.3.1Rest of South and Central America Military Micro Tactical Ground Robots Market by Mode of Operation
9.5.5.3.2Rest of South and Central America Military Micro Tactical Ground Robots Market by And Application
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.MILITARY MICRO TACTICAL GROUND ROBOTS MARKET, KEY COMPANY PROFILES
11.1.ALITER TECHNOLOGIES
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.ELBIT SYSTEMS LTD.
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.FRIEDRICH HIPPE MASCHINENFABRIK + GERAETEBAU GMBH
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.NORTHROP GRUMMAN 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.QINETIQÂ
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.RECONROBOTICS
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.ROBOTEAMÂ
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.ROBOTNIK
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.VALLEY ASSOCIATES GLOBAL SECURITY CORPORATION
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.Aliter Technologies
2.Elbit Systems Ltd.
3.Friedrich Hippe Maschinenfabrik + Geraetebau GmbH
4.Northrop Grumman Corporation
5.QinetiQÂ
6.ReconRobotics
7.RoboteamÂ
8.Robotnik
9.Thales Group
10.Valley Associates Global Security 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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