Radar Systems Market Scope and Size by 2031
Radars are utilized to detect and track ships, spacecraft, aircraft, and insects and birds in the atmosphere. Radar also measures automobiles' speed; map the surface of the earth from space, and measure belongings of the atmosphere and oceans.
MARKET DYNAMICS
Increased use of radars for unmanned vehicles and improved capabilities of radar systems resulting in greater efficiency are some of the major factors driving the growth of the radar system market. Moreover, the emergence of modern warfare systems such as electronic warfare and network-centric warfare is anticipated to boost the growth of the radar system market.
MARKET SCOPE
The "Global Radar System Market Analysis to 2031" is a specialized and in-depth study of the radar system market with a special focus on the global market trend analysis. The report aims to provide an overview of radar system market with detailed market segmentation by technology, component, range, frequency band, application. The global radar system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading radar system market players and offers key trends and opportunities in the radar system market.
MARKET SEGMENTATION
The global radar system market is segmented on the basis of technology, component, range, frequency band, application. On the basis of technology, the market is segmented as pulsed radar, continuous wave (CW) radar. On the basis of component, the market is segmented as antenna, transmitter, receiver. On the basis of range, the market is segmented as short-range radars, medium range radars, long range radars. On the basis of frequency band, the market is segmented as HF band, V/UHF band, L band, C/S/X band, others. On the basis of application, the market is segmented as defense, commercial
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 radar system 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 America. The radar system 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 radar system 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 America after evaluating political, economic, social and technological factors effecting the radar system 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 radar system 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 America. The radar system 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 radar system 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 America after evaluating political, economic, social and technological factors effecting the radar system market in these regions.
MARKET PLAYERS
The reports cover key developments in the radar system 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 players from radar system market are anticipated to lucrative growth opportunities in the future with the rising demand for radar system market. Below mentioned is the list of few companies engaged in the radar system market.
The report also includes the profiles of key radar system market 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.
- BAE Systems
- Honeywell International Inc
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies.
- Reutech Radar Systems
- Rheinmetall AG
- Saab AB
- Thales Group
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
1.3.1Radar Systems Market - By Technology
1.3.2Radar Systems Market - By Component
1.3.3Radar Systems Market - By Range
1.3.4Radar Systems Market - By Frequency Band
1.3.5Radar Systems Market - By Application
1.3.6Radar Systems Market - By Region
1.3.6.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.RADAR SYSTEMS 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.RADAR 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 AND RESTRAINTS
6.RADAR SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1.RADAR SYSTEMS - GLOBAL MARKET OVERVIEW
6.2.RADAR SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.RADAR SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1.OVERVIEW
7.2.TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3.PULSED RADAR
7.3.1.Overview
7.3.2.Pulsed Radar Market Forecast and Analysis
7.4.CONTINUOUS WAVE (CW) RADAR
7.4.1.Overview
7.4.2.Continuous Wave (CW) Radar Market Forecast and Analysis
8.RADAR SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
8.1.OVERVIEW
8.2.COMPONENT MARKET FORECASTS AND ANALYSIS
8.3.ANTENNA
8.3.1.Overview
8.3.2.Antenna Market Forecast and Analysis
8.4.TRANSMITTER
8.4.1.Overview
8.4.2.Transmitter Market Forecast and Analysis
8.5.RECEIVER
8.5.1.Overview
8.5.2.Receiver Market Forecast and Analysis
9.RADAR SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - RANGE
9.1.OVERVIEW
9.2.RANGE MARKET FORECASTS AND ANALYSIS
9.3.SHORT RANGE RADARS
9.3.1.Overview
9.3.2.Short Range Radars Market Forecast and Analysis
9.4.MEDIUM RANGE RADARS
9.4.1.Overview
9.4.2.Medium Range Radars Market Forecast and Analysis
9.5.LONG RANGE RADARS
9.5.1.Overview
9.5.2.Long Range Radars Market Forecast and Analysis
10.RADAR SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - FREQUENCY BAND
10.1.OVERVIEW
10.2.FREQUENCY BAND MARKET FORECASTS AND ANALYSIS
10.3.HF BAND
10.3.1.Overview
10.3.2.HF Band Market Forecast and Analysis
10.4.V/UHF BAND
10.4.1.Overview
10.4.2.V/UHF Band Market Forecast and Analysis
10.5.L BAND
10.5.1.Overview
10.5.2.L Band Market Forecast and Analysis
10.6.C/S/X BAND
10.6.1.Overview
10.6.2.C/S/X Band Market Forecast and Analysis
10.7.OTHERS
10.7.1.Overview
10.7.2.Others Market Forecast and Analysis
11.RADAR SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
11.1.OVERVIEW
11.2.APPLICATION MARKET FORECASTS AND ANALYSIS
11.3.DEFENSE
11.3.1.Overview
11.3.2.Defense Market Forecast and Analysis
11.3.3.Ground Market
11.3.3.1.Overview
11.3.3.2.Ground Market Forecast and Analysis
11.3.4.Naval Market
11.3.4.1.Overview
11.3.4.2.Naval Market Forecast and Analysis
11.3.5.Air Market
11.3.5.1.Overview
11.3.5.2.Air Market Forecast and Analysis
11.3.6.Space Based Market
11.3.6.1.Overview
11.3.6.2.Space Based Market Forecast and Analysis
11.4.COMMERCIAL
11.4.1.Overview
11.4.2.Commercial Market Forecast and Analysis
11.4.3.Aviation Market
11.4.3.1.Overview
11.4.3.2.Aviation Market Forecast and Analysis
11.4.4.Automotive Market
11.4.4.1.Overview
11.4.4.2.Automotive Market Forecast and Analysis
11.4.5.Weather Monitoring Market
11.4.5.1.Overview
11.4.5.2.Weather Monitoring Market Forecast and Analysis
11.4.6.Industrial Market
11.4.6.1.Overview
11.4.6.2.Industrial Market Forecast and Analysis
11.4.7.Others Market
11.4.7.1.Overview
11.4.7.2.Others Market Forecast and Analysis
12.RADAR SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1.NORTH AMERICA
12.1.1North America Radar Systems Market Overview
12.1.2North America Radar Systems Market Forecasts and Analysis
12.1.3North America Radar Systems Market Forecasts and Analysis - By Technology
12.1.4North America Radar Systems Market Forecasts and Analysis - By Component
12.1.5North America Radar Systems Market Forecasts and Analysis - By Range
12.1.6North America Radar Systems Market Forecasts and Analysis - By Frequency Band
12.1.7North America Radar Systems Market Forecasts and Analysis - By Application
12.1.8North America Radar Systems Market Forecasts and Analysis - By Countries
12.1.8.1United States Radar Systems Market
12.1.8.1.1United States Radar Systems Market by Technology
12.1.8.1.2United States Radar Systems Market by Component
12.1.8.1.3United States Radar Systems Market by Range
12.1.8.1.4United States Radar Systems Market by Frequency Band
12.1.8.1.5United States Radar Systems Market by Application
12.1.8.2Canada Radar Systems Market
12.1.8.2.1Canada Radar Systems Market by Technology
12.1.8.2.2Canada Radar Systems Market by Component
12.1.8.2.3Canada Radar Systems Market by Range
12.1.8.2.4Canada Radar Systems Market by Frequency Band
12.1.8.2.5Canada Radar Systems Market by Application
12.1.8.3Mexico Radar Systems Market
12.1.8.3.1Mexico Radar Systems Market by Technology
12.1.8.3.2Mexico Radar Systems Market by Component
12.1.8.3.3Mexico Radar Systems Market by Range
12.1.8.3.4Mexico Radar Systems Market by Frequency Band
12.1.8.3.5Mexico Radar Systems Market by Application
12.2.EUROPE
12.2.1Europe Radar Systems Market Overview
12.2.2Europe Radar Systems Market Forecasts and Analysis
12.2.3Europe Radar Systems Market Forecasts and Analysis - By Technology
12.2.4Europe Radar Systems Market Forecasts and Analysis - By Component
12.2.5Europe Radar Systems Market Forecasts and Analysis - By Range
12.2.6Europe Radar Systems Market Forecasts and Analysis - By Frequency Band
12.2.7Europe Radar Systems Market Forecasts and Analysis - By Application
12.2.8Europe Radar Systems Market Forecasts and Analysis - By Countries
12.2.8.1Germany Radar Systems Market
12.2.8.1.1Germany Radar Systems Market by Technology
12.2.8.1.2Germany Radar Systems Market by Component
12.2.8.1.3Germany Radar Systems Market by Range
12.2.8.1.4Germany Radar Systems Market by Frequency Band
12.2.8.1.5Germany Radar Systems Market by Application
12.2.8.2France Radar Systems Market
12.2.8.2.1France Radar Systems Market by Technology
12.2.8.2.2France Radar Systems Market by Component
12.2.8.2.3France Radar Systems Market by Range
12.2.8.2.4France Radar Systems Market by Frequency Band
12.2.8.2.5France Radar Systems Market by Application
12.2.8.3Italy Radar Systems Market
12.2.8.3.1Italy Radar Systems Market by Technology
12.2.8.3.2Italy Radar Systems Market by Component
12.2.8.3.3Italy Radar Systems Market by Range
12.2.8.3.4Italy Radar Systems Market by Frequency Band
12.2.8.3.5Italy Radar Systems Market by Application
12.2.8.4United Kingdom Radar Systems Market
12.2.8.4.1United Kingdom Radar Systems Market by Technology
12.2.8.4.2United Kingdom Radar Systems Market by Component
12.2.8.4.3United Kingdom Radar Systems Market by Range
12.2.8.4.4United Kingdom Radar Systems Market by Frequency Band
12.2.8.4.5United Kingdom Radar Systems Market by Application
12.2.8.5Russia Radar Systems Market
12.2.8.5.1Russia Radar Systems Market by Technology
12.2.8.5.2Russia Radar Systems Market by Component
12.2.8.5.3Russia Radar Systems Market by Range
12.2.8.5.4Russia Radar Systems Market by Frequency Band
12.2.8.5.5Russia Radar Systems Market by Application
12.2.8.6Rest of Europe Radar Systems Market
12.2.8.6.1Rest of Europe Radar Systems Market by Technology
12.2.8.6.2Rest of Europe Radar Systems Market by Component
12.2.8.6.3Rest of Europe Radar Systems Market by Range
12.2.8.6.4Rest of Europe Radar Systems Market by Frequency Band
12.2.8.6.5Rest of Europe Radar Systems Market by Application
12.3.ASIA-PACIFIC
12.3.1Asia-Pacific Radar Systems Market Overview
12.3.2Asia-Pacific Radar Systems Market Forecasts and Analysis
12.3.3Asia-Pacific Radar Systems Market Forecasts and Analysis - By Technology
12.3.4Asia-Pacific Radar Systems Market Forecasts and Analysis - By Component
12.3.5Asia-Pacific Radar Systems Market Forecasts and Analysis - By Range
12.3.6Asia-Pacific Radar Systems Market Forecasts and Analysis - By Frequency Band
12.3.7Asia-Pacific Radar Systems Market Forecasts and Analysis - By Application
12.3.8Asia-Pacific Radar Systems Market Forecasts and Analysis - By Countries
12.3.8.1Australia Radar Systems Market
12.3.8.1.1Australia Radar Systems Market by Technology
12.3.8.1.2Australia Radar Systems Market by Component
12.3.8.1.3Australia Radar Systems Market by Range
12.3.8.1.4Australia Radar Systems Market by Frequency Band
12.3.8.1.5Australia Radar Systems Market by Application
12.3.8.2China Radar Systems Market
12.3.8.2.1China Radar Systems Market by Technology
12.3.8.2.2China Radar Systems Market by Component
12.3.8.2.3China Radar Systems Market by Range
12.3.8.2.4China Radar Systems Market by Frequency Band
12.3.8.2.5China Radar Systems Market by Application
12.3.8.3India Radar Systems Market
12.3.8.3.1India Radar Systems Market by Technology
12.3.8.3.2India Radar Systems Market by Component
12.3.8.3.3India Radar Systems Market by Range
12.3.8.3.4India Radar Systems Market by Frequency Band
12.3.8.3.5India Radar Systems Market by Application
12.3.8.4Japan Radar Systems Market
12.3.8.4.1Japan Radar Systems Market by Technology
12.3.8.4.2Japan Radar Systems Market by Component
12.3.8.4.3Japan Radar Systems Market by Range
12.3.8.4.4Japan Radar Systems Market by Frequency Band
12.3.8.4.5Japan Radar Systems Market by Application
12.3.8.5South Korea Radar Systems Market
12.3.8.5.1South Korea Radar Systems Market by Technology
12.3.8.5.2South Korea Radar Systems Market by Component
12.3.8.5.3South Korea Radar Systems Market by Range
12.3.8.5.4South Korea Radar Systems Market by Frequency Band
12.3.8.5.5South Korea Radar Systems Market by Application
12.3.8.6Rest of Asia-Pacific Radar Systems Market
12.3.8.6.1Rest of Asia-Pacific Radar Systems Market by Technology
12.3.8.6.2Rest of Asia-Pacific Radar Systems Market by Component
12.3.8.6.3Rest of Asia-Pacific Radar Systems Market by Range
12.3.8.6.4Rest of Asia-Pacific Radar Systems Market by Frequency Band
12.3.8.6.5Rest of Asia-Pacific Radar Systems Market by Application
12.4.MIDDLE EAST AND AFRICA
12.4.1Middle East and Africa Radar Systems Market Overview
12.4.2Middle East and Africa Radar Systems Market Forecasts and Analysis
12.4.3Middle East and Africa Radar Systems Market Forecasts and Analysis - By Technology
12.4.4Middle East and Africa Radar Systems Market Forecasts and Analysis - By Component
12.4.5Middle East and Africa Radar Systems Market Forecasts and Analysis - By Range
12.4.6Middle East and Africa Radar Systems Market Forecasts and Analysis - By Frequency Band
12.4.7Middle East and Africa Radar Systems Market Forecasts and Analysis - By Application
12.4.8Middle East and Africa Radar Systems Market Forecasts and Analysis - By Countries
12.4.8.1South Africa Radar Systems Market
12.4.8.1.1South Africa Radar Systems Market by Technology
12.4.8.1.2South Africa Radar Systems Market by Component
12.4.8.1.3South Africa Radar Systems Market by Range
12.4.8.1.4South Africa Radar Systems Market by Frequency Band
12.4.8.1.5South Africa Radar Systems Market by Application
12.4.8.2Saudi Arabia Radar Systems Market
12.4.8.2.1Saudi Arabia Radar Systems Market by Technology
12.4.8.2.2Saudi Arabia Radar Systems Market by Component
12.4.8.2.3Saudi Arabia Radar Systems Market by Range
12.4.8.2.4Saudi Arabia Radar Systems Market by Frequency Band
12.4.8.2.5Saudi Arabia Radar Systems Market by Application
12.4.8.3U.A.E Radar Systems Market
12.4.8.3.1U.A.E Radar Systems Market by Technology
12.4.8.3.2U.A.E Radar Systems Market by Component
12.4.8.3.3U.A.E Radar Systems Market by Range
12.4.8.3.4U.A.E Radar Systems Market by Frequency Band
12.4.8.3.5U.A.E Radar Systems Market by Application
12.4.8.4Rest of Middle East and Africa Radar Systems Market
12.4.8.4.1Rest of Middle East and Africa Radar Systems Market by Technology
12.4.8.4.2Rest of Middle East and Africa Radar Systems Market by Component
12.4.8.4.3Rest of Middle East and Africa Radar Systems Market by Range
12.4.8.4.4Rest of Middle East and Africa Radar Systems Market by Frequency Band
12.4.8.4.5Rest of Middle East and Africa Radar Systems Market by Application
12.5.SOUTH AND CENTRAL AMERICA
12.5.1South and Central America Radar Systems Market Overview
12.5.2South and Central America Radar Systems Market Forecasts and Analysis
12.5.3South and Central America Radar Systems Market Forecasts and Analysis - By Technology
12.5.4South and Central America Radar Systems Market Forecasts and Analysis - By Component
12.5.5South and Central America Radar Systems Market Forecasts and Analysis - By Range
12.5.6South and Central America Radar Systems Market Forecasts and Analysis - By Frequency Band
12.5.7South and Central America Radar Systems Market Forecasts and Analysis - By Application
12.5.8South and Central America Radar Systems Market Forecasts and Analysis - By Countries
12.5.8.1Brazil Radar Systems Market
12.5.8.1.1Brazil Radar Systems Market by Technology
12.5.8.1.2Brazil Radar Systems Market by Component
12.5.8.1.3Brazil Radar Systems Market by Range
12.5.8.1.4Brazil Radar Systems Market by Frequency Band
12.5.8.1.5Brazil Radar Systems Market by Application
12.5.8.2Argentina Radar Systems Market
12.5.8.2.1Argentina Radar Systems Market by Technology
12.5.8.2.2Argentina Radar Systems Market by Component
12.5.8.2.3Argentina Radar Systems Market by Range
12.5.8.2.4Argentina Radar Systems Market by Frequency Band
12.5.8.2.5Argentina Radar Systems Market by Application
12.5.8.3Rest of South and Central America Radar Systems Market
12.5.8.3.1Rest of South and Central America Radar Systems Market by Technology
12.5.8.3.2Rest of South and Central America Radar Systems Market by Component
12.5.8.3.3Rest of South and Central America Radar Systems Market by Range
12.5.8.3.4Rest of South and Central America Radar Systems Market by Frequency Band
12.5.8.3.5Rest of South and Central America Radar Systems Market by Application
13.INDUSTRY LANDSCAPE
13.1.MERGERS AND ACQUISITIONS
13.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3.NEW PRODUCT LAUNCHES
13.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14.RADAR SYSTEMS MARKET, KEY COMPANY PROFILES
14.1.BAE SYSTEMS
14.1.1.Key Facts
14.1.2.Business Description
14.1.3.Products and Services
14.1.4.Financial Overview
14.1.5.SWOT Analysis
14.1.6.Key Developments
14.2.HONEYWELL INTERNATIONAL INC
14.2.1.Key Facts
14.2.2.Business Description
14.2.3.Products and Services
14.2.4.Financial Overview
14.2.5.SWOT Analysis
14.2.6.Key Developments
14.3.LEONARDO S.P.A.
14.3.1.Key Facts
14.3.2.Business Description
14.3.3.Products and Services
14.3.4.Financial Overview
14.3.5.SWOT Analysis
14.3.6.Key Developments
14.4.LOCKHEED MARTIN CORPORATION
14.4.1.Key Facts
14.4.2.Business Description
14.4.3.Products and Services
14.4.4.Financial Overview
14.4.5.SWOT Analysis
14.4.6.Key Developments
14.5.NORTHROP GRUMMAN CORPORATION
14.5.1.Key Facts
14.5.2.Business Description
14.5.3.Products and Services
14.5.4.Financial Overview
14.5.5.SWOT Analysis
14.5.6.Key Developments
14.6.RAYTHEON TECHNOLOGIES.
14.6.1.Key Facts
14.6.2.Business Description
14.6.3.Products and Services
14.6.4.Financial Overview
14.6.5.SWOT Analysis
14.6.6.Key Developments
14.7.REUTECH RADAR SYSTEMS
14.7.1.Key Facts
14.7.2.Business Description
14.7.3.Products and Services
14.7.4.Financial Overview
14.7.5.SWOT Analysis
14.7.6.Key Developments
14.8.RHEINMETALL AG
14.8.1.Key Facts
14.8.2.Business Description
14.8.3.Products and Services
14.8.4.Financial Overview
14.8.5.SWOT Analysis
14.8.6.Key Developments
14.9.SAAB AB
14.9.1.Key Facts
14.9.2.Business Description
14.9.3.Products and Services
14.9.4.Financial Overview
14.9.5.SWOT Analysis
14.9.6.Key Developments
14.10.THALES GROUP
14.10.1.Key Facts
14.10.2.Business Description
14.10.3.Products and Services
14.10.4.Financial Overview
14.10.5.SWOT Analysis
14.10.6.Key Developments
15.APPENDIX
15.1.ABOUT THE INSIGHT PARTNERS
15.2.GLOSSARY OF TERMS
1. BAE Systems
2. Honeywell International Inc
3. Leonardo S.p.A.
4. Lockheed Martin Corporation
5. Northrop Grumman Corporation
6. Raytheon Technologies.
7. Reutech Radar Systems
8. Rheinmetall AG
9. Saab AB
10. Thales Group
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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