Military Radar Market Size and CAGR by 2031
The Military Radar Market is expected to register a CAGR of 4.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product Type (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, Others); Component (Transmitter, Receiver, Antenna, Duplexer, Display, Others); Platform (Naval Radar, Airborne Radar, Land Radar). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Military Radar Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Military Radar Market Segmentation
Product Type- 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
- Others
- Transmitter
- Receiver
- Antenna
- Duplexer
- Display
- Others
- Naval Radar
- Airborne Radar
- Land Radar
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Military Radar Market Growth Drivers- Increasing Defense Budgets and Military Modernization: Rising defense budgets worldwide, particularly in regions like North America, Asia-Pacific, and the Middle East, are a major driver of the military radar market. Governments are focusing on modernizing their defense capabilities to counter emerging threats, including missile defense, surveillance, and counter-terrorism operations. As military forces require advanced radar systems for air, land, and maritime defense, the demand for radar technology that offers greater detection range, accuracy, and reliability is growing. This trend ensures steady market expansion as countries invest in next-generation radar technologies to enhance national security and operational readiness.
- Escalating Geopolitical Tensions and Military Conflicts: Rising geopolitical tensions, territorial disputes, and regional conflicts have led to increased demand for advanced military radar systems. These radars play a critical role in surveillance, early-warning detection, and targeting in military operations. As threats such as ballistic missiles, drones, and stealth aircraft become more sophisticated, military forces require radar systems capable of detecting and neutralizing these modern threats. Consequently, the global demand for cutting-edge radar technologies is accelerating, with an emphasis on systems capable of tracking multiple threats simultaneously and providing real-time situational awareness.
- Advancements in Phased Array and Active Electronically Scanned Arrays (AESA): A key trend in the military radar market is the growing use of Phased Array and Active Electronically Scanned Arrays (AESA) radar systems. AESA radars offer faster scanning, higher resolution, and the ability to track multiple targets at once, making them ideal for modern combat environments. These radar systems are increasingly used in fighter jets, naval ships, and missile defense systems. The trend towards AESA and phased array radar technology reflects the growing need for highly accurate, adaptive, and versatile radar solutions capable of detecting a wide range of threats in dynamic battlefield conditions.
- Integration of Artificial Intelligence (AI) and Machine Learning (ML): The integration of Artificial Intelligence (AI) and Machine Learning (ML) into military radar systems is transforming the way radar data is analyzed and interpreted. AI and ML algorithms can enhance radar signal processing, helping to reduce false alarms and improve target identification and classification. These technologies also enable radars to automatically adapt to new threats, making them more responsive in fast-evolving combat scenarios. As military forces seek to improve the speed, accuracy, and efficiency of their radar systems, AI and ML integration is becoming a critical trend driving innovation in the military radar market.
- Growing Demand for Homeland Security and Border Surveillance: The increasing focus on homeland security and border surveillance presents significant opportunities for the military radar market. Governments are investing in radar systems that can monitor large areas for illegal activities, such as unauthorized border crossings, human trafficking, and smuggling. Ground-based and airborne radar systems equipped with advanced sensors and real-time data analysis are essential for enhancing border security. As nations prioritize securing their borders, there is a growing market for radar systems tailored to surveillance and early detection, driving demand for both new installations and system upgrades.
- Expansion of Air Defense Systems in Emerging Markets: Emerging markets, particularly in regions such as the Middle East, Asia-Pacific, and Africa, are significantly increasing investments in air defense systems, creating opportunities for military radar manufacturers. These regions are looking to enhance their air defense capabilities to counter the rising threats of missile attacks, drone strikes, and airspace violations. The demand for radar systems that support integrated air defense systems, including tracking and intercepting airborne threats, is set to rise. This expansion provides opportunities for companies to develop tailored radar solutions for air surveillance, missile defense, and early-warning systems, further boosting the market growth.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Military Radar Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Military Radar Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the major trends driving the military radar market are:
1. Rising Procurements of Tanks & Aircraft
The Military Radar Market is estimated to witness a CAGR of 4.2% from 2023 to 2031
The major factors driving the military radar market are:
1. Deployment of Electronic Warfare Systems
2. Demand for Border Security & Surveillance
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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