Military RADAR Market Opportunities 2031
Radar systems in military is extremely useful for early warning detection of missiles, air traffic control, surveillance of air and ground, navigation at sea, and many others. It is also being used as terrorist scanner radar along with camera which uses ultrasonic frequency and several object detection that make use of image processing for achieving higher security at the national borders. Growing Procurement of air defense systems and radar due to rising regional instability and trans national disputes will drive the military radar Market. Similarly, the development of drones and UAV's will also lead to the growth of the military radar market in the forecast period.
MARKET SCOPE
The "Global Military RADAR Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the military RADAR market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading military RADAR market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on Product Type, the global military RADAR market is segmented into Tracking & Fire Control Radar, Synthetic Aperture & Moving Target Indicator Radar, Surveillance & Airborne Early Warning Radar, Multi-Function Radar, Weapon Locating & C-Ram Radar, Ground Penetrating Radar, and Others.
- On the basis of Component, the market is segmented into Transmitter, Receiver, Antenna, Duplexer, Display, and Others
- Based on Platform, the market is bifurcated into Naval Radar, Airborne Radar, Land Radar, and Space-Based Radar.
- Based on End User, the market is segmented into Air Force, Navy, and Army.
MARKET DYNAMICS
Drivers:
- Increasing demand of ground surveillance radars for border monitoring.
- Requirement of new generation air and missile defense systems.
- Growing procurement of air defense systems and radar due to rising regional instability & trans-national disputes
Restraints
- High expenses involved in the improvement of military radars countries.
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 RADAR 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 marketduring 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 affecting the military RADAR market in these regions.
IMPACT OF COVID-19 ON MILITARY RADAR MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption is expected to leave an impact on the defense industry through till mid-2021. With the rising concern of health of the general public, governments across nations are focused on investments on healthcare and related industries and there has been a shift of budget allocation from defense to healthcare. However, the pandemic has proved that careful coordination is required between all border agencies to ensure effective security measures. Moreover, demand for defense related products such as military RADAR systems will remain unaffected as the budgets for defense related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global 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 RADAR 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 marketduring 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 affecting the military RADAR market in these regions.
IMPACT OF COVID-19 ON MILITARY RADAR MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption is expected to leave an impact on the defense industry through till mid-2021. With the rising concern of health of the general public, governments across nations are focused on investments on healthcare and related industries and there has been a shift of budget allocation from defense to healthcare. However, the pandemic has proved that careful coordination is required between all border agencies to ensure effective security measures. Moreover, demand for defense related products such as military RADAR systems will remain unaffected as the budgets for defense related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense.
MARKET PLAYERS
The report covers key developments in the military RADAR 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 marketwere 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 RADAR market are anticipated to lucrative growth opportunities in the future with the rising demand for military RADAR in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the military RADAR 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.
- Northrop Grumman
- Bae Systems
- Saab AB
- Israel Aerospace Industries
- Thales Group
- Raytheon Technologies
- Leonardo S.p.A.
- L3Harris Corporation
- ASELSAN A.S.
- Hensoldt
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
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 Military RADAR Market - By Product Type
1.3.2 Military RADAR Market - By Component
1.3.3 Military RADAR Market - By Platform
1.3.4 Military RADAR Market - By End User
1.3.5 Military RADAR Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MILITARY RADAR 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. MILITARY RADAR 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 RADAR MARKET - GLOBAL MARKET ANALYSIS
6.1. MILITARY RADAR - GLOBAL MARKET OVERVIEW
6.2. MILITARY RADAR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MILITARY RADAR MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. TRACKING & FIRE CONTROL RADAR
7.3.1. Overview
7.3.2. Tracking & Fire Control Radar Market Forecast and Analysis
7.4. SYNTHETIC APERTURE & MOVING TARGET INDICATOR RADAR
7.4.1. Overview
7.4.2. Synthetic Aperture & Moving Target Indicator Radar Market Forecast and Analysis
7.5. SURVEILLANCE & AIRBORNE EARLY WARNING RADAR
7.5.1. Overview
7.5.2. Surveillance & Airborne Early Warning Radar Market Forecast and Analysis
7.6. MULTI-FUNCTION RADAR
7.6.1. Overview
7.6.2. Multi-Function Radar Market Forecast and Analysis
7.7. WEAPON LOCATING & C-RAM RADAR
7.7.1. Overview
7.7.2. Weapon Locating & C-Ram Radar Market Forecast and Analysis
7.8. GROUND PENETRATING RADAR
7.8.1. Overview
7.8.2. Ground Penetrating Radar Market Forecast and Analysis
7.9. OTHERS.
7.9.1. Overview
7.9.2. Others. Market Forecast and Analysis
8. MILITARY RADAR MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
8.1. OVERVIEW
8.2. COMPONENT MARKET FORECASTS AND ANALYSIS
8.3. TRANSMITTER
8.3.1. Overview
8.3.2. Transmitter Market Forecast and Analysis
8.4. RECEIVER
8.4.1. Overview
8.4.2. Receiver Market Forecast and Analysis
8.5. ANTENNA
8.5.1. Overview
8.5.2. Antenna Market Forecast and Analysis
8.6. DUPLEXER
8.6.1. Overview
8.6.2. Duplexer Market Forecast and Analysis
8.7. DISPLAY
8.7.1. Overview
8.7.2. Display Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. MILITARY RADAR MARKET - REVENUE AND FORECASTS TO 2028 - PLATFORM
9.1. OVERVIEW
9.2. PLATFORM MARKET FORECASTS AND ANALYSIS
9.3. NAVAL RADAR
9.3.1. Overview
9.3.2. Naval Radar Market Forecast and Analysis
9.4. AIRBORNE RADAR
9.4.1. Overview
9.4.2. Airborne Radar Market Forecast and Analysis
9.5. LAND RADAR
9.5.1. Overview
9.5.2. Land Radar Market Forecast and Analysis
9.6. SPACE-BASED RADAR
9.6.1. Overview
9.6.2. Space-Based Radar Market Forecast and Analysis
10. MILITARY RADAR MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. AIR FORCE
10.3.1. Overview
10.3.2. Air Force Market Forecast and Analysis
10.4. NAVY
10.4.1. Overview
10.4.2. Navy Market Forecast and Analysis
10.5. ARMY
10.5.1. Overview
10.5.2. Army Market Forecast and Analysis
11. MILITARY RADAR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Military RADAR Market Overview
11.1.2 North America Military RADAR Market Forecasts and Analysis
11.1.3 North America Military RADAR Market Forecasts and Analysis - By Product Type
11.1.4 North America Military RADAR Market Forecasts and Analysis - By Component
11.1.5 North America Military RADAR Market Forecasts and Analysis - By Platform
11.1.6 North America Military RADAR Market Forecasts and Analysis - By End User
11.1.7 North America Military RADAR Market Forecasts and Analysis - By Countries
11.1.7.1 Canada Military RADAR Market
11.1.7.1.1 Canada Military RADAR Market by Product Type
11.1.7.1.2 Canada Military RADAR Market by Component
11.1.7.1.3 Canada Military RADAR Market by Platform
11.1.7.1.4 Canada Military RADAR Market by End User
11.1.7.2 Mexico Military RADAR Market
11.1.7.2.1 Mexico Military RADAR Market by Product Type
11.1.7.2.2 Mexico Military RADAR Market by Component
11.1.7.2.3 Mexico Military RADAR Market by Platform
11.1.7.2.4 Mexico Military RADAR Market by End User
11.1.7.3 US Military RADAR Market
11.1.7.3.1 US Military RADAR Market by Product Type
11.1.7.3.2 US Military RADAR Market by Component
11.1.7.3.3 US Military RADAR Market by Platform
11.1.7.3.4 US Military RADAR Market by End User
11.2. EUROPE
11.2.1 Europe Military RADAR Market Overview
11.2.2 Europe Military RADAR Market Forecasts and Analysis
11.2.3 Europe Military RADAR Market Forecasts and Analysis - By Product Type
11.2.4 Europe Military RADAR Market Forecasts and Analysis - By Component
11.2.5 Europe Military RADAR Market Forecasts and Analysis - By Platform
11.2.6 Europe Military RADAR Market Forecasts and Analysis - By End User
11.2.7 Europe Military RADAR Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Military RADAR Market
11.2.7.1.1 Germany Military RADAR Market by Product Type
11.2.7.1.2 Germany Military RADAR Market by Component
11.2.7.1.3 Germany Military RADAR Market by Platform
11.2.7.1.4 Germany Military RADAR Market by End User
11.2.7.2 France Military RADAR Market
11.2.7.2.1 France Military RADAR Market by Product Type
11.2.7.2.2 France Military RADAR Market by Component
11.2.7.2.3 France Military RADAR Market by Platform
11.2.7.2.4 France Military RADAR Market by End User
11.2.7.3 Italy Military RADAR Market
11.2.7.3.1 Italy Military RADAR Market by Product Type
11.2.7.3.2 Italy Military RADAR Market by Component
11.2.7.3.3 Italy Military RADAR Market by Platform
11.2.7.3.4 Italy Military RADAR Market by End User
11.2.7.4 United Kingdom Military RADAR Market
11.2.7.4.1 United Kingdom Military RADAR Market by Product Type
11.2.7.4.2 United Kingdom Military RADAR Market by Component
11.2.7.4.3 United Kingdom Military RADAR Market by Platform
11.2.7.4.4 United Kingdom Military RADAR Market by End User
11.2.7.5 Russia Military RADAR Market
11.2.7.5.1 Russia Military RADAR Market by Product Type
11.2.7.5.2 Russia Military RADAR Market by Component
11.2.7.5.3 Russia Military RADAR Market by Platform
11.2.7.5.4 Russia Military RADAR Market by End User
11.2.7.6 Rest of Europe Military RADAR Market
11.2.7.6.1 Rest of Europe Military RADAR Market by Product Type
11.2.7.6.2 Rest of Europe Military RADAR Market by Component
11.2.7.6.3 Rest of Europe Military RADAR Market by Platform
11.2.7.6.4 Rest of Europe Military RADAR Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Military RADAR Market Overview
11.3.2 Asia-Pacific Military RADAR Market Forecasts and Analysis
11.3.3 Asia-Pacific Military RADAR Market Forecasts and Analysis - By Product Type
11.3.4 Asia-Pacific Military RADAR Market Forecasts and Analysis - By Component
11.3.5 Asia-Pacific Military RADAR Market Forecasts and Analysis - By Platform
11.3.6 Asia-Pacific Military RADAR Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Military RADAR Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Military RADAR Market
11.3.7.1.1 Australia Military RADAR Market by Product Type
11.3.7.1.2 Australia Military RADAR Market by Component
11.3.7.1.3 Australia Military RADAR Market by Platform
11.3.7.1.4 Australia Military RADAR Market by End User
11.3.7.2 China Military RADAR Market
11.3.7.2.1 China Military RADAR Market by Product Type
11.3.7.2.2 China Military RADAR Market by Component
11.3.7.2.3 China Military RADAR Market by Platform
11.3.7.2.4 China Military RADAR Market by End User
11.3.7.3 India Military RADAR Market
11.3.7.3.1 India Military RADAR Market by Product Type
11.3.7.3.2 India Military RADAR Market by Component
11.3.7.3.3 India Military RADAR Market by Platform
11.3.7.3.4 India Military RADAR Market by End User
11.3.7.4 Japan Military RADAR Market
11.3.7.4.1 Japan Military RADAR Market by Product Type
11.3.7.4.2 Japan Military RADAR Market by Component
11.3.7.4.3 Japan Military RADAR Market by Platform
11.3.7.4.4 Japan Military RADAR Market by End User
11.3.7.5 South Korea Military RADAR Market
11.3.7.5.1 South Korea Military RADAR Market by Product Type
11.3.7.5.2 South Korea Military RADAR Market by Component
11.3.7.5.3 South Korea Military RADAR Market by Platform
11.3.7.5.4 South Korea Military RADAR Market by End User
11.3.7.6 Rest of Asia-Pacific Military RADAR Market
11.3.7.6.1 Rest of Asia-Pacific Military RADAR Market by Product Type
11.3.7.6.2 Rest of Asia-Pacific Military RADAR Market by Component
11.3.7.6.3 Rest of Asia-Pacific Military RADAR Market by Platform
11.3.7.6.4 Rest of Asia-Pacific Military RADAR Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Military RADAR Market Overview
11.4.2 Middle East and Africa Military RADAR Market Forecasts and Analysis
11.4.3 Middle East and Africa Military RADAR Market Forecasts and Analysis - By Product Type
11.4.4 Middle East and Africa Military RADAR Market Forecasts and Analysis - By Component
11.4.5 Middle East and Africa Military RADAR Market Forecasts and Analysis - By Platform
11.4.6 Middle East and Africa Military RADAR Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Military RADAR Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Military RADAR Market
11.4.7.1.1 South Africa Military RADAR Market by Product Type
11.4.7.1.2 South Africa Military RADAR Market by Component
11.4.7.1.3 South Africa Military RADAR Market by Platform
11.4.7.1.4 South Africa Military RADAR Market by End User
11.4.7.2 Saudi Arabia Military RADAR Market
11.4.7.2.1 Saudi Arabia Military RADAR Market by Product Type
11.4.7.2.2 Saudi Arabia Military RADAR Market by Component
11.4.7.2.3 Saudi Arabia Military RADAR Market by Platform
11.4.7.2.4 Saudi Arabia Military RADAR Market by End User
11.4.7.3 U.A.E Military RADAR Market
11.4.7.3.1 U.A.E Military RADAR Market by Product Type
11.4.7.3.2 U.A.E Military RADAR Market by Component
11.4.7.3.3 U.A.E Military RADAR Market by Platform
11.4.7.3.4 U.A.E Military RADAR Market by End User
11.4.7.4 Rest of Middle East and Africa Military RADAR Market
11.4.7.4.1 Rest of Middle East and Africa Military RADAR Market by Product Type
11.4.7.4.2 Rest of Middle East and Africa Military RADAR Market by Component
11.4.7.4.3 Rest of Middle East and Africa Military RADAR Market by Platform
11.4.7.4.4 Rest of Middle East and Africa Military RADAR Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Military RADAR Market Overview
11.5.2 South and Central America Military RADAR Market Forecasts and Analysis
11.5.3 South and Central America Military RADAR Market Forecasts and Analysis - By Product Type
11.5.4 South and Central America Military RADAR Market Forecasts and Analysis - By Component
11.5.5 South and Central America Military RADAR Market Forecasts and Analysis - By Platform
11.5.6 South and Central America Military RADAR Market Forecasts and Analysis - By End User
11.5.7 South and Central America Military RADAR Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Military RADAR Market
11.5.7.1.1 Brazil Military RADAR Market by Product Type
11.5.7.1.2 Brazil Military RADAR Market by Component
11.5.7.1.3 Brazil Military RADAR Market by Platform
11.5.7.1.4 Brazil Military RADAR Market by End User
11.5.7.2 Argentina Military RADAR Market
11.5.7.2.1 Argentina Military RADAR Market by Product Type
11.5.7.2.2 Argentina Military RADAR Market by Component
11.5.7.2.3 Argentina Military RADAR Market by Platform
11.5.7.2.4 Argentina Military RADAR Market by End User
11.5.7.3 Rest of South and Central America Military RADAR Market
11.5.7.3.1 Rest of South and Central America Military RADAR Market by Product Type
11.5.7.3.2 Rest of South and Central America Military RADAR Market by Component
11.5.7.3.3 Rest of South and Central America Military RADAR Market by Platform
11.5.7.3.4 Rest of South and Central America Military RADAR Market by End User
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. MILITARY RADAR MARKET, KEY COMPANY PROFILES
13.1. NORTHROP GRUMMAN
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BAE SYSTEMS
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. SAAB A.B.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. ISRAEL AEROSPACE INDUSTRIES
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. THALES GROUP
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. RAYTHEON TECHNOLOGIES
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. LEONARDO S.P.A.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. L3HARRIS CORPORATION
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. ASELSAN A.S.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. HENSOLDT
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Northrop Grumman
2. Bae Systems
3. Saab A.B.
4. Israel Aerospace Industries
5. Thales Group
6. Raytheon Technologies
7. Leonardo S.p.A.
8. L3Harris Corporation
9. ASELSAN A.S.
10. Hensoldt
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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