Satellite Ground Station Equipment Market Strategies and Share 2031
The radio stations that offer an RF communication interface for connecting with spacecraft are known as satellite ground stations, or Ground Antenna Sites. This communication is accomplished by using a parabolic antenna to transmit and receive radio waves in the ultra-high frequency region. One of the primary drivers of market growth is the rising demand for HTS (High Throughput Satellite) Systems for high-speed internet access and a wide range of value-added services such as VOIP, video conferencing, and others.
MARKET SCOPE
The "Global Satellite Ground Station Equipment Market Analysis to 2031" is a specialized and in-depth study of the satellite ground station equipment Market with a special focus on the global market trend analysis. The report aims to provide an overview of satellite ground station equipment market with detailed market segmentation by network equipment, NOCs. The global satellite ground station equipment market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading satellite ground station equipment market player and offers key trends and opportunities in the satellite ground station equipment market.
MARKET SEGMENTATION
MARKET DYNAMICS
Drivers
- Rising demand for HTS (High Throughput Satellite) Systems for high-speed internet access and a wide range of value-added services such as VOIP, video conferencing, and others.
- Growing the penetration of internet and voice-based services is further expected to boost market growth.
Restraints
- High cost of the system installation, complex installation process, need of surveillance and maintenance are expected to restrain market growth during the forecast period.
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 ground station equipment 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 ground station equipment 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 ground station equipment 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 satellite ground station equipment market in these regions.
IMPACT OF COVID-19 ON SATELLITE GROUND STATION EQUIPMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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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 ground station equipment 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 ground station equipment 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 ground station equipment 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 satellite ground station equipment market in these regions.
IMPACT OF COVID-19 ON SATELLITE GROUND STATION EQUIPMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The reports cover key developments in the satellite ground station equipment market 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 ground station equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for satellite ground station equipment market. Below mentioned is the list of few companies engaged in the satellite ground station equipment market.
The report also includes the profiles of key satellite ground station equipment 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.
- Gilat Satellite Networks
- L3Harris Technologies, Inc
- Hughes Network Systems, LLC
- ViaSat Inc
- Vision Technologies system Inc
- Clyde Space Ltd
- Comtech Telecommunications Corp.
- Ultra
- GomSpace
- Inmarsat plc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Satellite Ground Station Equipment Market - By Network Equipment
1.3.2 Satellite Ground Station Equipment Market - By NOCs
1.3.3 Satellite Ground Station Equipment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SATELLITE GROUND STATION EQUIPMENT 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 GROUND STATION EQUIPMENT 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 GROUND STATION EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. SATELLITE GROUND STATION EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. SATELLITE GROUND STATION EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SATELLITE GROUND STATION EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - NETWORK EQUIPMENT
7.1. OVERVIEW
7.2. NETWORK EQUIPMENT MARKET FORECASTS AND ANALYSIS
7.3. NOCS
7.3.1. Overview
7.3.2. NOCs Market Forecast and Analysis
7.4. TEST AND MONITORING EQUIPMENT
7.4.1. Overview
7.4.2. Test and Monitoring Equipment Market Forecast and Analysis
7.5. POWER UNITS
7.5.1. Overview
7.5.2. Power Units Market Forecast and Analysis
7.6. ANTENNAS
7.6.1. Overview
7.6.2. Antennas Market Forecast and Analysis
7.7. VSATS
7.7.1. Overview
7.7.2. VSATs Market Forecast and Analysis
7.8. GATEWAYS
7.8.1. Overview
7.8.2. Gateways Market Forecast and Analysis
8. SATELLITE GROUND STATION EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - NOCS
8.1. OVERVIEW
8.2. NOCS MARKET FORECASTS AND ANALYSIS
8.3. SATELLITE ROUTERS
8.3.1. Overview
8.3.2. Satellite Routers Market Forecast and Analysis
8.4. BUC
8.4.1. Overview
8.4.2. BUC Market Forecast and Analysis
8.5. MODEMS
8.5.1. Overview
8.5.2. Modems Market Forecast and Analysis
8.6. FREQUENCY CONVERTERS
8.6.1. Overview
8.6.2. Frequency Converters Market Forecast and Analysis
8.7. BANDWIDTH OPTIMIZERS
8.7.1. Overview
8.7.2. Bandwidth Optimizers Market Forecast and Analysis
8.8. AMPLIFIERS
8.8.1. Overview
8.8.2. Amplifiers Market Forecast and Analysis
9. SATELLITE GROUND STATION EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Satellite Ground Station Equipment Market Overview
9.1.2 North America Satellite Ground Station Equipment Market Forecasts and Analysis
9.1.3 North America Satellite Ground Station Equipment Market Forecasts and Analysis - By Network Equipment
9.1.4 North America Satellite Ground Station Equipment Market Forecasts and Analysis - By NOCs
9.1.5 North America Satellite Ground Station Equipment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Satellite Ground Station Equipment Market
9.1.5.1.1 United States Satellite Ground Station Equipment Market by Network Equipment
9.1.5.1.2 United States Satellite Ground Station Equipment Market by NOCs
9.1.5.2 Canada Satellite Ground Station Equipment Market
9.1.5.2.1 Canada Satellite Ground Station Equipment Market by Network Equipment
9.1.5.2.2 Canada Satellite Ground Station Equipment Market by NOCs
9.1.5.3 Mexico Satellite Ground Station Equipment Market
9.1.5.3.1 Mexico Satellite Ground Station Equipment Market by Network Equipment
9.1.5.3.2 Mexico Satellite Ground Station Equipment Market by NOCs
9.2. EUROPE
9.2.1 Europe Satellite Ground Station Equipment Market Overview
9.2.2 Europe Satellite Ground Station Equipment Market Forecasts and Analysis
9.2.3 Europe Satellite Ground Station Equipment Market Forecasts and Analysis - By Network Equipment
9.2.4 Europe Satellite Ground Station Equipment Market Forecasts and Analysis - By NOCs
9.2.5 Europe Satellite Ground Station Equipment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Satellite Ground Station Equipment Market
9.2.5.1.1 Germany Satellite Ground Station Equipment Market by Network Equipment
9.2.5.1.2 Germany Satellite Ground Station Equipment Market by NOCs
9.2.5.2 France Satellite Ground Station Equipment Market
9.2.5.2.1 France Satellite Ground Station Equipment Market by Network Equipment
9.2.5.2.2 France Satellite Ground Station Equipment Market by NOCs
9.2.5.3 Italy Satellite Ground Station Equipment Market
9.2.5.3.1 Italy Satellite Ground Station Equipment Market by Network Equipment
9.2.5.3.2 Italy Satellite Ground Station Equipment Market by NOCs
9.2.5.4 United Kingdom Satellite Ground Station Equipment Market
9.2.5.4.1 United Kingdom Satellite Ground Station Equipment Market by Network Equipment
9.2.5.4.2 United Kingdom Satellite Ground Station Equipment Market by NOCs
9.2.5.5 Russia Satellite Ground Station Equipment Market
9.2.5.5.1 Russia Satellite Ground Station Equipment Market by Network Equipment
9.2.5.5.2 Russia Satellite Ground Station Equipment Market by NOCs
9.2.5.6 Rest of Europe Satellite Ground Station Equipment Market
9.2.5.6.1 Rest of Europe Satellite Ground Station Equipment Market by Network Equipment
9.2.5.6.2 Rest of Europe Satellite Ground Station Equipment Market by NOCs
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Satellite Ground Station Equipment Market Overview
9.3.2 Asia-Pacific Satellite Ground Station Equipment Market Forecasts and Analysis
9.3.3 Asia-Pacific Satellite Ground Station Equipment Market Forecasts and Analysis - By Network Equipment
9.3.4 Asia-Pacific Satellite Ground Station Equipment Market Forecasts and Analysis - By NOCs
9.3.5 Asia-Pacific Satellite Ground Station Equipment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Satellite Ground Station Equipment Market
9.3.5.1.1 Australia Satellite Ground Station Equipment Market by Network Equipment
9.3.5.1.2 Australia Satellite Ground Station Equipment Market by NOCs
9.3.5.2 China Satellite Ground Station Equipment Market
9.3.5.2.1 China Satellite Ground Station Equipment Market by Network Equipment
9.3.5.2.2 China Satellite Ground Station Equipment Market by NOCs
9.3.5.3 India Satellite Ground Station Equipment Market
9.3.5.3.1 India Satellite Ground Station Equipment Market by Network Equipment
9.3.5.3.2 India Satellite Ground Station Equipment Market by NOCs
9.3.5.4 Japan Satellite Ground Station Equipment Market
9.3.5.4.1 Japan Satellite Ground Station Equipment Market by Network Equipment
9.3.5.4.2 Japan Satellite Ground Station Equipment Market by NOCs
9.3.5.5 South Korea Satellite Ground Station Equipment Market
9.3.5.5.1 South Korea Satellite Ground Station Equipment Market by Network Equipment
9.3.5.5.2 South Korea Satellite Ground Station Equipment Market by NOCs
9.3.5.6 Rest of Asia-Pacific Satellite Ground Station Equipment Market
9.3.5.6.1 Rest of Asia-Pacific Satellite Ground Station Equipment Market by Network Equipment
9.3.5.6.2 Rest of Asia-Pacific Satellite Ground Station Equipment Market by NOCs
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Satellite Ground Station Equipment Market Overview
9.4.2 Middle East and Africa Satellite Ground Station Equipment Market Forecasts and Analysis
9.4.3 Middle East and Africa Satellite Ground Station Equipment Market Forecasts and Analysis - By Network Equipment
9.4.4 Middle East and Africa Satellite Ground Station Equipment Market Forecasts and Analysis - By NOCs
9.4.5 Middle East and Africa Satellite Ground Station Equipment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Satellite Ground Station Equipment Market
9.4.5.1.1 South Africa Satellite Ground Station Equipment Market by Network Equipment
9.4.5.1.2 South Africa Satellite Ground Station Equipment Market by NOCs
9.4.5.2 Saudi Arabia Satellite Ground Station Equipment Market
9.4.5.2.1 Saudi Arabia Satellite Ground Station Equipment Market by Network Equipment
9.4.5.2.2 Saudi Arabia Satellite Ground Station Equipment Market by NOCs
9.4.5.3 U.A.E Satellite Ground Station Equipment Market
9.4.5.3.1 U.A.E Satellite Ground Station Equipment Market by Network Equipment
9.4.5.3.2 U.A.E Satellite Ground Station Equipment Market by NOCs
9.4.5.4 Rest of Middle East and Africa Satellite Ground Station Equipment Market
9.4.5.4.1 Rest of Middle East and Africa Satellite Ground Station Equipment Market by Network Equipment
9.4.5.4.2 Rest of Middle East and Africa Satellite Ground Station Equipment Market by NOCs
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Satellite Ground Station Equipment Market Overview
9.5.2 South and Central America Satellite Ground Station Equipment Market Forecasts and Analysis
9.5.3 South and Central America Satellite Ground Station Equipment Market Forecasts and Analysis - By Network Equipment
9.5.4 South and Central America Satellite Ground Station Equipment Market Forecasts and Analysis - By NOCs
9.5.5 South and Central America Satellite Ground Station Equipment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Satellite Ground Station Equipment Market
9.5.5.1.1 Brazil Satellite Ground Station Equipment Market by Network Equipment
9.5.5.1.2 Brazil Satellite Ground Station Equipment Market by NOCs
9.5.5.2 Argentina Satellite Ground Station Equipment Market
9.5.5.2.1 Argentina Satellite Ground Station Equipment Market by Network Equipment
9.5.5.2.2 Argentina Satellite Ground Station Equipment Market by NOCs
9.5.5.3 Rest of South and Central America Satellite Ground Station Equipment Market
9.5.5.3.1 Rest of South and Central America Satellite Ground Station Equipment Market by Network Equipment
9.5.5.3.2 Rest of South and Central America Satellite Ground Station Equipment Market by NOCs
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 GROUND STATION EQUIPMENT MARKET, KEY COMPANY PROFILES
11.1. GILAT SATELLITE NETWORKS
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. L3HARRIS TECHNOLOGIES, INC
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. HUGHES NETWORK SYSTEMS, LLC
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. VIASAT 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. VISION TECHNOLOGIES SYSTEM INC
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. CLYDE SPACE LTD
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. COMTECH TELECOMMUNICATIONS CORP.
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. ULTRA
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. GOMSPACE
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. INMARSAT PLC.
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
1. Gilat Satellite Networks
2. L3Harris Technologies, Inc
3. Hughes Network Systems, LLC
4. ViaSat Inc
5. Vision Technologies system Inc
6. Clyde Space Ltd
7. Comtech Telecommunications Corp.
8. Ultra
9. GomSpace
10. Inmarsat plc.
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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