Satellite-Based Augmentation Systems Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION Naveen Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
The Satellite Augmentation System (SBAS) is a civil aviation safety-critical system that promotes wide-area or regional increase - even on a continental scale - through the use of geostationary (GEO) satellites that broadcast increased information. A SBAS will increase the primary GSP constellation(s) by providing GEO range, integrity and correction information. While the main objective of SBAS is to provide integrity assurance, it also increases accuracy with position errors below 1 meter (1 sigma). The ground infrastructure includes precisely-surveyed sensor stations that receive data from the primary ESA satellites and the Processing Facility Center that computes integrity, corrections and GEO data from the SBAS signal-in-space system (SIS). The augmented information provided by SBAS includes corrections and integrity for satellite position errors, satellite clock/time errors and errors caused by estimating the delay of the signal while crossing the ionosphere. In the case of errors caused by estimating the delay caused by the troposphere and its integrity, the user shall apply the tropospheric delay model. More advancement in SBAS is expected to drive the market during forecast period.
MARKET DYNAMICS
The increasing development of the ATC infrastructure and the increasing need for authentic and accurate information to avoid errors by the aviation authorities driving the global satellite-based augmentation systems market during forecast period. In addition, the various unique advantages of satellite-based augmentation systems, such as accuracy of location data relative to standard GPS and high level of integrity make it another important factor expected to boost the global satellite-based augmentation systems market. Further, growing air passenger traffic and increasing investment by developing economies such as China and India in developing and modernizing airport infrastructure is also expected to escalate the market. However, high initial investment, stringent aviation regulations, and cost associated with Air Traffic Management (ATM) infrastructure modernization may restrain the growth of the satellite-based augmentation systems market. Further, integration with advanced technology such as AI is anticipated to create market opportunities for the satellite-based augmentation systems market during the forecast period.
MARKET SCOPE
The "Global Satellite-based augmentation systems Market Analysis to 2031" is a specialized and in-depth study of the satellite-based augmentation systems market with a special focus on the global market trend analysis. The report aims to provide an overview of satellite-based augmentation systems market with detailed market segmentation by aircraft type, application, and geography. The global satellite-based augmentation systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading satellite-based augmentation systems market players and offers key trends and opportunities in the satellite-based augmentation systems market.
MARKET SEGMENTATION
The global satellite-based augmentation systems market is segmented on the basis of aircraft type and application. On the basis of aircraft type, market is segmented into the fixed-wing and rotary wing. Similarly, based on application, market is segmented into the military aircraft, commercial aircraft, and general aviation aircraft.
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 satellite-based augmentation 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 America. The satellite-based augmentation 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 satellite-based augmentation 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 porter's five forces analysis highlighting factors affecting the satellite-based augmentation 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 satellite-based augmentation 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 America. The satellite-based augmentation 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 satellite-based augmentation 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 porter's five forces analysis highlighting factors affecting the satellite-based augmentation systems market in these regions.
MARKET PLAYERS
The reports cover key developments in the satellite-based augmentation 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 players from satellite-based augmentation systems market are anticipated to lucrative growth opportunities in the future with the rising demand for satellite-based augmentation systems. Below mentioned is the list of few companies engaged in the satellite-based augmentation systems market.
The report also includes the profiles of key satellite-based augmentation systems 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.
- Advanced Navigation and Positioning Corporation
- Garmin Ltd.
- GMV GROUP
- Honeywell International Inc.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies
- Saab AB
- Thales Group
- Universal Avionics Systems Corporation, an Elbit Systems Company
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
1.3.1 Satellite-Based Augmentation Systems Market - By Aircraft Type
1.3.2 Satellite-Based Augmentation Systems Market - By Application
1.3.3 Satellite-Based Augmentation Systems Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SATELLITE-BASED AUGMENTATION SYSTEMS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SATELLITE-BASED AUGMENTATION 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. SATELLITE-BASED AUGMENTATION SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. SATELLITE-BASED AUGMENTATION SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. SATELLITE-BASED AUGMENTATION SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SATELLITE-BASED AUGMENTATION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - AIRCRAFT TYPE
7.1. OVERVIEW
7.2. AIRCRAFT TYPE MARKET FORECASTS AND ANALYSIS
7.3. FIXED-WING
7.3.1. Overview
7.3.2. Fixed-Wing Market Forecast and Analysis
7.4. ROTARY WING
7.4.1. Overview
7.4.2. Rotary Wing Market Forecast and Analysis
8. SATELLITE-BASED AUGMENTATION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. MILITARY AIRCRAFT
8.3.1. Overview
8.3.2. Military Aircraft Market Forecast and Analysis
8.4. COMMERCIAL AIRCRAFT
8.4.1. Overview
8.4.2. Commercial Aircraft Market Forecast and Analysis
8.5. GENERAL AVIATION AIRCRAFT
8.5.1. Overview
8.5.2. General Aviation Aircraft Market Forecast and Analysis
9. SATELLITE-BASED AUGMENTATION SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Satellite-Based Augmentation Systems Market Overview
9.1.2 North America Satellite-Based Augmentation Systems Market Forecasts and Analysis
9.1.3 North America Satellite-Based Augmentation Systems Market Forecasts and Analysis - By Aircraft Type
9.1.4 North America Satellite-Based Augmentation Systems Market Forecasts and Analysis - By Application
9.1.5 North America Satellite-Based Augmentation Systems Market Forecasts and Analysis - By Countries
9.1.5.1 United States Satellite-Based Augmentation Systems Market
9.1.5.1.1 United States Satellite-Based Augmentation Systems Market by Aircraft Type
9.1.5.1.2 United States Satellite-Based Augmentation Systems Market by Application
9.1.5.2 Canada Satellite-Based Augmentation Systems Market
9.1.5.2.1 Canada Satellite-Based Augmentation Systems Market by Aircraft Type
9.1.5.2.2 Canada Satellite-Based Augmentation Systems Market by Application
9.1.5.3 Mexico Satellite-Based Augmentation Systems Market
9.1.5.3.1 Mexico Satellite-Based Augmentation Systems Market by Aircraft Type
9.1.5.3.2 Mexico Satellite-Based Augmentation Systems Market by Application
9.2. EUROPE
9.2.1 Europe Satellite-Based Augmentation Systems Market Overview
9.2.2 Europe Satellite-Based Augmentation Systems Market Forecasts and Analysis
9.2.3 Europe Satellite-Based Augmentation Systems Market Forecasts and Analysis - By Aircraft Type
9.2.4 Europe Satellite-Based Augmentation Systems Market Forecasts and Analysis - By Application
9.2.5 Europe Satellite-Based Augmentation Systems Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Satellite-Based Augmentation Systems Market
9.2.5.1.1 Germany Satellite-Based Augmentation Systems Market by Aircraft Type
9.2.5.1.2 Germany Satellite-Based Augmentation Systems Market by Application
9.2.5.2 France Satellite-Based Augmentation Systems Market
9.2.5.2.1 France Satellite-Based Augmentation Systems Market by Aircraft Type
9.2.5.2.2 France Satellite-Based Augmentation Systems Market by Application
9.2.5.3 Italy Satellite-Based Augmentation Systems Market
9.2.5.3.1 Italy Satellite-Based Augmentation Systems Market by Aircraft Type
9.2.5.3.2 Italy Satellite-Based Augmentation Systems Market by Application
9.2.5.4 United Kingdom Satellite-Based Augmentation Systems Market
9.2.5.4.1 United Kingdom Satellite-Based Augmentation Systems Market by Aircraft Type
9.2.5.4.2 United Kingdom Satellite-Based Augmentation Systems Market by Application
9.2.5.5 Russia Satellite-Based Augmentation Systems Market
9.2.5.5.1 Russia Satellite-Based Augmentation Systems Market by Aircraft Type
9.2.5.5.2 Russia Satellite-Based Augmentation Systems Market by Application
9.2.5.6 Rest of Europe Satellite-Based Augmentation Systems Market
9.2.5.6.1 Rest of Europe Satellite-Based Augmentation Systems Market by Aircraft Type
9.2.5.6.2 Rest of Europe Satellite-Based Augmentation Systems Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Satellite-Based Augmentation Systems Market Overview
9.3.2 Asia-Pacific Satellite-Based Augmentation Systems Market Forecasts and Analysis
9.3.3 Asia-Pacific Satellite-Based Augmentation Systems Market Forecasts and Analysis - By Aircraft Type
9.3.4 Asia-Pacific Satellite-Based Augmentation Systems Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Satellite-Based Augmentation Systems Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Satellite-Based Augmentation Systems Market
9.3.5.1.1 Australia Satellite-Based Augmentation Systems Market by Aircraft Type
9.3.5.1.2 Australia Satellite-Based Augmentation Systems Market by Application
9.3.5.2 China Satellite-Based Augmentation Systems Market
9.3.5.2.1 China Satellite-Based Augmentation Systems Market by Aircraft Type
9.3.5.2.2 China Satellite-Based Augmentation Systems Market by Application
9.3.5.3 India Satellite-Based Augmentation Systems Market
9.3.5.3.1 India Satellite-Based Augmentation Systems Market by Aircraft Type
9.3.5.3.2 India Satellite-Based Augmentation Systems Market by Application
9.3.5.4 Japan Satellite-Based Augmentation Systems Market
9.3.5.4.1 Japan Satellite-Based Augmentation Systems Market by Aircraft Type
9.3.5.4.2 Japan Satellite-Based Augmentation Systems Market by Application
9.3.5.5 South Korea Satellite-Based Augmentation Systems Market
9.3.5.5.1 South Korea Satellite-Based Augmentation Systems Market by Aircraft Type
9.3.5.5.2 South Korea Satellite-Based Augmentation Systems Market by Application
9.3.5.6 Rest of Asia-Pacific Satellite-Based Augmentation Systems Market
9.3.5.6.1 Rest of Asia-Pacific Satellite-Based Augmentation Systems Market by Aircraft Type
9.3.5.6.2 Rest of Asia-Pacific Satellite-Based Augmentation Systems Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Satellite-Based Augmentation Systems Market Overview
9.4.2 Middle East and Africa Satellite-Based Augmentation Systems Market Forecasts and Analysis
9.4.3 Middle East and Africa Satellite-Based Augmentation Systems Market Forecasts and Analysis - By Aircraft Type
9.4.4 Middle East and Africa Satellite-Based Augmentation Systems Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Satellite-Based Augmentation Systems Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Satellite-Based Augmentation Systems Market
9.4.5.1.1 South Africa Satellite-Based Augmentation Systems Market by Aircraft Type
9.4.5.1.2 South Africa Satellite-Based Augmentation Systems Market by Application
9.4.5.2 Saudi Arabia Satellite-Based Augmentation Systems Market
9.4.5.2.1 Saudi Arabia Satellite-Based Augmentation Systems Market by Aircraft Type
9.4.5.2.2 Saudi Arabia Satellite-Based Augmentation Systems Market by Application
9.4.5.3 U.A.E Satellite-Based Augmentation Systems Market
9.4.5.3.1 U.A.E Satellite-Based Augmentation Systems Market by Aircraft Type
9.4.5.3.2 U.A.E Satellite-Based Augmentation Systems Market by Application
9.4.5.4 Rest of Middle East and Africa Satellite-Based Augmentation Systems Market
9.4.5.4.1 Rest of Middle East and Africa Satellite-Based Augmentation Systems Market by Aircraft Type
9.4.5.4.2 Rest of Middle East and Africa Satellite-Based Augmentation Systems Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Satellite-Based Augmentation Systems Market Overview
9.5.2 South and Central America Satellite-Based Augmentation Systems Market Forecasts and Analysis
9.5.3 South and Central America Satellite-Based Augmentation Systems Market Forecasts and Analysis - By Aircraft Type
9.5.4 South and Central America Satellite-Based Augmentation Systems Market Forecasts and Analysis - By Application
9.5.5 South and Central America Satellite-Based Augmentation Systems Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Satellite-Based Augmentation Systems Market
9.5.5.1.1 Brazil Satellite-Based Augmentation Systems Market by Aircraft Type
9.5.5.1.2 Brazil Satellite-Based Augmentation Systems Market by Application
9.5.5.2 Rest of South and Central America Satellite-Based Augmentation Systems Market
9.5.5.2.1 Rest of South and Central America Satellite-Based Augmentation Systems Market by Aircraft Type
9.5.5.2.2 Rest of South and Central America Satellite-Based Augmentation Systems Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SATELLITE-BASED AUGMENTATION SYSTEMS MARKET, KEY COMPANY PROFILES
11.1. ADVANCED NAVIGATION AND POSITIONING CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. GARMIN LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GMV GROUP
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HONEYWELL INTERNATIONAL INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LOCKHEED MARTIN CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NORTHROP GRUMMAN CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. RAYTHEON TECHNOLOGIES
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SAAB AB
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THALES GROUP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. UNIVERSAL AVIONICS SYSTEMS CORPORATION, AN ELBIT SYSTEMS COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Advanced Navigation and Positioning Corporation
2. Garmin Ltd.
3. GMV GROUP
4. Honeywell International Inc.
5. Lockheed Martin Corporation
6. Northrop Grumman Corporation
7. Raytheon Technologies
8. Saab AB
9. Thales Group
10. Universal Avionics Systems Corporation, an Elbit Systems Company
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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