Navigational Satellite Systems Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION
A Navigation satellite system (GNSS) hold a significant position in terms of providing highly accurate, timing, and positioning. The technology is precisely used for pinpointing the geographic location of user's receiver anywhere in the world. The GNSS makes use of triangulation technique to locate the user by calculating information from number of satellites. Rising applications of the technology in multiple industry verticals, has been contributing to the growth of navigational satellite systems market over the years.
MARKET DYNAMICS
The Navigational Satellite Systems market is anticipated to grow in the forecast period owing to driving factors such as advancement in navigational and communication technology, and rising demand for navigation enhanced navigational capabilities in remote locations and adverse conditions. The market is likely to showcase opportunities for the untapped markets and growing awareness among end-users.
MARKET SCOPE
The "Global Navigational Satellite Systems Market Analysis to 2031" is a specialized and in-depth study of the Navigational Satellite Systems industry with a special focus on the global market trend analysis. The report aims to provide an overview of Navigational Satellite Systems market with detailed market segmentation by type, application, industry verticals and geography. The global Navigational Satellite Systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Navigational Satellite Systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global Navigational Satellite Systems market is segmented on the basis of type, application and industry verticals. Based type, the market is segmented as GPS, GLONASS, Galileo, Beidou, and Others. On the basis of the application the market is segmented as transportation, defense, survey & mapping, consumer, and other. The market on the basis of the industry verticals is classified as automotive, consumer electronics, industrial, military & defense, travel & tourism, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Navigational Satellite Systems market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Navigational Satellite Systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Navigational Satellite Systems market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Navigational Satellite Systems market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Navigational Satellite Systems market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Navigational Satellite Systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Navigational Satellite Systems market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Navigational Satellite Systems market in these regions.
MARKET PLAYERS
The reports cover key developments in the Navigational Satellite Systems 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 expansion of business and customer base of market players. The market payers from Navigational Satellite Systems market are anticipated to lucrative growth opportunities in the future with the rising demand for Navigational Satellite Systems in the global market. Below mentioned is the list of few companies engaged in the Navigational Satellite Systems market.
The report also includes the profiles of key Navigational Satellite Systems companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Broadcom
- Garmin Ltd.
- JAVAD GNSS
- Navigation Technologies Ltd.
- Navipedia
- NavtechGPS
- NovAtel Inc.
- Pulse Electronics
- Shanghai Huace Navigation Technology Ltd.
- SOKKIA
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.
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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.
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Navigational Satellite Systems Market - By Type
1.3.2Navigational Satellite Systems Market - By Application
1.3.3Navigational Satellite Systems Market - By Industry Verticals
1.3.4Navigational Satellite Systems Market - By Region
1.3.4.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.NAVIGATIONAL SATELLITE SYSTEMS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.NAVIGATIONAL SATELLITE SYSTEMS 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6.NAVIGATIONAL SATELLITE SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1.NAVIGATIONAL SATELLITE SYSTEMS - GLOBAL MARKET OVERVIEW
6.2.NAVIGATIONAL SATELLITE SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.NAVIGATIONAL SATELLITE SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.GPS
7.3.1.Overview
7.3.2.GPS Market Forecast and Analysis
7.4.GLONASS
7.4.1.Overview
7.4.2.GLONASS Market Forecast and Analysis
7.5.GALILEO
7.5.1.Overview
7.5.2.Galileo Market Forecast and Analysis
7.6.BEIDOU
7.6.1.Overview
7.6.2.Beidou Market Forecast and Analysis
7.7.OTHERS
7.7.1.Overview
7.7.2.Others Market Forecast and Analysis
8.NAVIGATIONAL SATELLITE SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.TRANSPORTATION
8.3.1.Overview
8.3.2.Transportation Market Forecast and Analysis
8.4.DEFENSE
8.4.1.Overview
8.4.2.Defense Market Forecast and Analysis
8.5.SURVEY AND MAPPING
8.5.1.Overview
8.5.2.Survey and Mapping Market Forecast and Analysis
8.6.CONSUMER
8.6.1.Overview
8.6.2.Consumer Market Forecast and Analysis
8.7.OTHER
8.7.1.Overview
8.7.2.Other Market Forecast and Analysis
9.NAVIGATIONAL SATELLITE SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICALS
9.1.OVERVIEW
9.2.INDUSTRY VERTICALS MARKET FORECASTS AND ANALYSIS
9.3.AUTOMOTIVE
9.3.1.Overview
9.3.2.Automotive Market Forecast and Analysis
9.4.CONSUMER ELECTRONICS
9.4.1.Overview
9.4.2.Consumer Electronics Market Forecast and Analysis
9.5.INDUSTRIAL
9.5.1.Overview
9.5.2.Industrial Market Forecast and Analysis
9.6.MILITARY AND DEFENSE
9.6.1.Overview
9.6.2.Military and Defense Market Forecast and Analysis
9.7.TRAVEL AND TOURISM
9.7.1.Overview
9.7.2.Travel and Tourism Market Forecast and Analysis
9.8.OTHERS
9.8.1.Overview
9.8.2.Others Market Forecast and Analysis
10.NAVIGATIONAL SATELLITE SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Navigational Satellite Systems Market Overview
10.1.2North America Navigational Satellite Systems Market Forecasts and Analysis
10.1.3North America Navigational Satellite Systems Market Forecasts and Analysis - By Type
10.1.4North America Navigational Satellite Systems Market Forecasts and Analysis - By Application
10.1.5North America Navigational Satellite Systems Market Forecasts and Analysis - By Industry Verticals
10.1.6North America Navigational Satellite Systems Market Forecasts and Analysis - By Countries
10.1.6.1United States Navigational Satellite Systems Market
10.1.6.1.1United States Navigational Satellite Systems Market by Type
10.1.6.1.2United States Navigational Satellite Systems Market by Application
10.1.6.1.3United States Navigational Satellite Systems Market by Industry Verticals
10.1.6.2Canada Navigational Satellite Systems Market
10.1.6.2.1Canada Navigational Satellite Systems Market by Type
10.1.6.2.2Canada Navigational Satellite Systems Market by Application
10.1.6.2.3Canada Navigational Satellite Systems Market by Industry Verticals
10.1.6.3Mexico Navigational Satellite Systems Market
10.1.6.3.1Mexico Navigational Satellite Systems Market by Type
10.1.6.3.2Mexico Navigational Satellite Systems Market by Application
10.1.6.3.3Mexico Navigational Satellite Systems Market by Industry Verticals
10.2.EUROPE
10.2.1Europe Navigational Satellite Systems Market Overview
10.2.2Europe Navigational Satellite Systems Market Forecasts and Analysis
10.2.3Europe Navigational Satellite Systems Market Forecasts and Analysis - By Type
10.2.4Europe Navigational Satellite Systems Market Forecasts and Analysis - By Application
10.2.5Europe Navigational Satellite Systems Market Forecasts and Analysis - By Industry Verticals
10.2.6Europe Navigational Satellite Systems Market Forecasts and Analysis - By Countries
10.2.6.1Germany Navigational Satellite Systems Market
10.2.6.1.1Germany Navigational Satellite Systems Market by Type
10.2.6.1.2Germany Navigational Satellite Systems Market by Application
10.2.6.1.3Germany Navigational Satellite Systems Market by Industry Verticals
10.2.6.2France Navigational Satellite Systems Market
10.2.6.2.1France Navigational Satellite Systems Market by Type
10.2.6.2.2France Navigational Satellite Systems Market by Application
10.2.6.2.3France Navigational Satellite Systems Market by Industry Verticals
10.2.6.3Italy Navigational Satellite Systems Market
10.2.6.3.1Italy Navigational Satellite Systems Market by Type
10.2.6.3.2Italy Navigational Satellite Systems Market by Application
10.2.6.3.3Italy Navigational Satellite Systems Market by Industry Verticals
10.2.6.4United Kingdom Navigational Satellite Systems Market
10.2.6.4.1United Kingdom Navigational Satellite Systems Market by Type
10.2.6.4.2United Kingdom Navigational Satellite Systems Market by Application
10.2.6.4.3United Kingdom Navigational Satellite Systems Market by Industry Verticals
10.2.6.5Rest of Europe Navigational Satellite Systems Market
10.2.6.5.1Rest of Europe Navigational Satellite Systems Market by Type
10.2.6.5.2Rest of Europe Navigational Satellite Systems Market by Application
10.2.6.5.3Rest of Europe Navigational Satellite Systems Market by Industry Verticals
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Navigational Satellite Systems Market Overview
10.3.2Asia-Pacific Navigational Satellite Systems Market Forecasts and Analysis
10.3.3Asia-Pacific Navigational Satellite Systems Market Forecasts and Analysis - By Type
10.3.4Asia-Pacific Navigational Satellite Systems Market Forecasts and Analysis - By Application
10.3.5Asia-Pacific Navigational Satellite Systems Market Forecasts and Analysis - By Industry Verticals
10.3.6Asia-Pacific Navigational Satellite Systems Market Forecasts and Analysis - By Countries
10.3.6.1Australia Navigational Satellite Systems Market
10.3.6.1.1Australia Navigational Satellite Systems Market by Type
10.3.6.1.2Australia Navigational Satellite Systems Market by Application
10.3.6.1.3Australia Navigational Satellite Systems Market by Industry Verticals
10.3.6.2China Navigational Satellite Systems Market
10.3.6.2.1China Navigational Satellite Systems Market by Type
10.3.6.2.2China Navigational Satellite Systems Market by Application
10.3.6.2.3China Navigational Satellite Systems Market by Industry Verticals
10.3.6.3India Navigational Satellite Systems Market
10.3.6.3.1India Navigational Satellite Systems Market by Type
10.3.6.3.2India Navigational Satellite Systems Market by Application
10.3.6.3.3India Navigational Satellite Systems Market by Industry Verticals
10.3.6.4Japan Navigational Satellite Systems Market
10.3.6.4.1Japan Navigational Satellite Systems Market by Type
10.3.6.4.2Japan Navigational Satellite Systems Market by Application
10.3.6.4.3Japan Navigational Satellite Systems Market by Industry Verticals
10.3.6.5Rest of Asia-Pacific Navigational Satellite Systems Market
10.3.6.5.1Rest of Asia-Pacific Navigational Satellite Systems Market by Type
10.3.6.5.2Rest of Asia-Pacific Navigational Satellite Systems Market by Application
10.3.6.5.3Rest of Asia-Pacific Navigational Satellite Systems Market by Industry Verticals
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Navigational Satellite Systems Market Overview
10.4.2Middle East and Africa Navigational Satellite Systems Market Forecasts and Analysis
10.4.3Middle East and Africa Navigational Satellite Systems Market Forecasts and Analysis - By Type
10.4.4Middle East and Africa Navigational Satellite Systems Market Forecasts and Analysis - By Application
10.4.5Middle East and Africa Navigational Satellite Systems Market Forecasts and Analysis - By Industry Verticals
10.4.6Middle East and Africa Navigational Satellite Systems Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Navigational Satellite Systems Market
10.4.6.1.1South Africa Navigational Satellite Systems Market by Type
10.4.6.1.2South Africa Navigational Satellite Systems Market by Application
10.4.6.1.3South Africa Navigational Satellite Systems Market by Industry Verticals
10.4.6.2Saudi Arabia Navigational Satellite Systems Market
10.4.6.2.1Saudi Arabia Navigational Satellite Systems Market by Type
10.4.6.2.2Saudi Arabia Navigational Satellite Systems Market by Application
10.4.6.2.3Saudi Arabia Navigational Satellite Systems Market by Industry Verticals
10.4.6.3U.A.E Navigational Satellite Systems Market
10.4.6.3.1U.A.E Navigational Satellite Systems Market by Type
10.4.6.3.2U.A.E Navigational Satellite Systems Market by Application
10.4.6.3.3U.A.E Navigational Satellite Systems Market by Industry Verticals
10.4.6.4Rest of Middle East and Africa Navigational Satellite Systems Market
10.4.6.4.1Rest of Middle East and Africa Navigational Satellite Systems Market by Type
10.4.6.4.2Rest of Middle East and Africa Navigational Satellite Systems Market by Application
10.4.6.4.3Rest of Middle East and Africa Navigational Satellite Systems Market by Industry Verticals
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Navigational Satellite Systems Market Overview
10.5.2South and Central America Navigational Satellite Systems Market Forecasts and Analysis
10.5.3South and Central America Navigational Satellite Systems Market Forecasts and Analysis - By Type
10.5.4South and Central America Navigational Satellite Systems Market Forecasts and Analysis - By Application
10.5.5South and Central America Navigational Satellite Systems Market Forecasts and Analysis - By Industry Verticals
10.5.6South and Central America Navigational Satellite Systems Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Navigational Satellite Systems Market
10.5.6.1.1Brazil Navigational Satellite Systems Market by Type
10.5.6.1.2Brazil Navigational Satellite Systems Market by Application
10.5.6.1.3Brazil Navigational Satellite Systems Market by Industry Verticals
10.5.6.2Argentina Navigational Satellite Systems Market
10.5.6.2.1Argentina Navigational Satellite Systems Market by Type
10.5.6.2.2Argentina Navigational Satellite Systems Market by Application
10.5.6.2.3Argentina Navigational Satellite Systems Market by Industry Verticals
10.5.6.3Rest of South and Central America Navigational Satellite Systems Market
10.5.6.3.1Rest of South and Central America Navigational Satellite Systems Market by Type
10.5.6.3.2Rest of South and Central America Navigational Satellite Systems Market by Application
10.5.6.3.3Rest of South and Central America Navigational Satellite Systems Market by Industry Verticals
11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12.NAVIGATIONAL SATELLITE SYSTEMS MARKET, KEY COMPANY PROFILES
12.1.BROADCOM
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.GARMIN LTD.
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.JAVAD GNSS
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.NAVIGATION TECHNOLOGIES LTD.
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.NAVIPEDIA
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.NAVTECHGPS
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.NOVATEL INC.
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.PULSE ELECTRONICS
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.SHANGHAI HUACE NAVIGATION TECHNOLOGY LTD.
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.SOKKIA
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments
13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
The List of Companies
1. Broadcom
2. Garmin Ltd.
3. JAVAD GNSS
4. Navigation Technologies Ltd.
5. Navipedia
6. NavtechGPS
7. NovAtel Inc.
8. Pulse Electronics
9. Shanghai Huace Navigation Technology Ltd.
10. SOKKIA
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.