Smoke Grenade Market Dynamics 2021-2031
The mounting air and naval operations, as well as several riots and hostile tension globally, are boosting the demand for smoke grenade for efficient operations. To control the overcrowded activities, rising civilian unrest, internal violence, marking a location, signaling purposes, protest, hiding the movement of soldiers as well as during conflict situations, the colored smoke grenades are used. Thereby, the smoke grenade is broadly being adopted by militaries across the world.
MARKET SCOPE
The "Global Smoke Grenade market Analysis to 2031" is a specialized and in-depth study of the Smoke Grenade market with a special focus on the global market trend analysis. The report aims to provide an overview of the Smoke Grenade market with detailed market segmentation by type, application, end users, and geography. The global Smoke Grenade market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Smoke Grenade market.
MARKET SEGMENTATION
- The type is segmented on the basis of burst smoke, micro smoke, wire pull smoke and others.
- The application is segmented on the basis of Signaling, Screening & Obscuring and Riot Control
- Based on End Users, the market is segmented on the basis of Military and Defense and Law Enforcement.
The global Smoke Grenade market is segmented on the basis of Type, Application, End users.
MARKET DYNAMICS
Drivers:
- The growing adoption of handheld multi-shot grenade launcher as well as a requirement for the development of eco-friendly smoke grenades are the significant drivers for the growth of the smoke grenade market.
- The boosting governmental initiatives towards research and development activities for designing lightweight smoke grenade is creating opportunities for the smoke grenade market in the coming years.
Restraints:
- The safety risks and toxic pollution associated with Smoke Grenade may hinder the growth of Smoke Grenade Market.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Smoke Grenade market based on various segments. It also provides market size and forecast estimates from the 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 Smoke Grenade Market by each region is later sub-segmented by respective countries and segments. the report covers the analysis and forecast of 18 countries globally along with current trends and opportunities prevailing in the region.
The report analyzes factors affecting the Smoke Grenade market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period I.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive Porter's five forces analysis highlighting factors affecting the Smoke Grenade Market in these regions.
IMPACT OF COVID-19 ON SMOKE GRENADE MARKET
The military forces and law enforcement agencies uses smoke grenade for various purposes including indication of location, to cover the troops during war, and also during training exercises. The outburst of COVID-19 has led the manufacturers of smoke grenade to witness decline in production volume. The decline in manufacturing volume majorly pertained to the disrupted supply chain of raw materials and scarcity of man power at the manufacturing facilities.
However, the supply chain disruption improved from Q3 of 2021, the manufacturers experienced rise in manufacturing volume. Also, the demand for smoke grenades rose among the military forces and law enforcement agencies. Thus, rise in demand and production volume stabilized the smoke grenade market in 2021. Thus, the impact of COVID-19 impact on smoke grenade market was marginal.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Smoke Grenade market based on various segments. It also provides market size and forecast estimates from the 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 Smoke Grenade Market by each region is later sub-segmented by respective countries and segments. the report covers the analysis and forecast of 18 countries globally along with current trends and opportunities prevailing in the region.
The report analyzes factors affecting the Smoke Grenade market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period I.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive Porter's five forces analysis highlighting factors affecting the Smoke Grenade Market in these regions.
IMPACT OF COVID-19 ON SMOKE GRENADE MARKET
The military forces and law enforcement agencies uses smoke grenade for various purposes including indication of location, to cover the troops during war, and also during training exercises. The outburst of COVID-19 has led the manufacturers of smoke grenade to witness decline in production volume. The decline in manufacturing volume majorly pertained to the disrupted supply chain of raw materials and scarcity of man power at the manufacturing facilities.
However, the supply chain disruption improved from Q3 of 2021, the manufacturers experienced rise in manufacturing volume. Also, the demand for smoke grenades rose among the military forces and law enforcement agencies. Thus, rise in demand and production volume stabilized the smoke grenade market in 2021. Thus, the impact of COVID-19 impact on smoke grenade market was marginal.
MARKET PLAYERS
The report covers key developments in the Smoke Grenade 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 partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market payers from Smoke Grenade Market are anticipated to lucrative growth opportunities in the future with the rising demand for Smoke Grenade in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Smoke Grenade Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
1. Centanex Ltd.
2. Chemring Group PLC
3. Condor Non-Lethal Technologies
4. DAEKWANG CHEMICAL Co., Ltd.
5. Enola Gaye
6. NAMMO AS
7. Rheinmetall Defence
8. Safariland, LLC
9. Singapore Technologies Engineering Ltd.
10. Sport Smoke, LLC
- 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 Smoke Grenade Market - By Type
1.3.2 Smoke Grenade Market - By Application
1.3.3 Smoke Grenade Market - By End-User
1.3.4 Smoke Grenade Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SMOKE GRENADE 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. SMOKE GRENADE 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. SMOKE GRENADE MARKET - GLOBAL MARKET ANALYSIS
6.1. SMOKE GRENADE - GLOBAL MARKET OVERVIEW
6.2. SMOKE GRENADE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SMOKE GRENADE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BURST SMOKE
7.3.1. Overview
7.3.2. Burst Smoke Market Forecast and Analysis
7.4. MICRO SMOKE
7.4.1. Overview
7.4.2. Micro Smoke Market Forecast and Analysis
7.5. WIRE PULL SMOKE
7.5.1. Overview
7.5.2. Wire Pull Smoke Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. SMOKE GRENADE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. SIGNALING
8.3.1. Overview
8.3.2. Signaling Market Forecast and Analysis
8.4. SCREENING AND OBSCURING
8.4.1. Overview
8.4.2. Screening and Obscuring Market Forecast and Analysis
8.5. RIOT CONTROL
8.5.1. Overview
8.5.2. Riot Control Market Forecast and Analysis
9. SMOKE GRENADE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. MILITARY AND DEFENCE
9.3.1. Overview
9.3.2. Military and Defence Market Forecast and Analysis
9.4. LAW ENFORCEMENT
9.4.1. Overview
9.4.2. Law Enforcement Market Forecast and Analysis
10. SMOKE GRENADE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Smoke Grenade Market Overview
10.1.2 North America Smoke Grenade Market Forecasts and Analysis
10.1.3 North America Smoke Grenade Market Forecasts and Analysis - By Type
10.1.4 North America Smoke Grenade Market Forecasts and Analysis - By Application
10.1.5 North America Smoke Grenade Market Forecasts and Analysis - By End-User
10.1.6 North America Smoke Grenade Market Forecasts and Analysis - By Countries
10.1.6.1 United States Smoke Grenade Market
10.1.6.1.1 United States Smoke Grenade Market by Type
10.1.6.1.2 United States Smoke Grenade Market by Application
10.1.6.1.3 United States Smoke Grenade Market by End-User
10.1.6.2 Canada Smoke Grenade Market
10.1.6.2.1 Canada Smoke Grenade Market by Type
10.1.6.2.2 Canada Smoke Grenade Market by Application
10.1.6.2.3 Canada Smoke Grenade Market by End-User
10.1.6.3 Mexico Smoke Grenade Market
10.1.6.3.1 Mexico Smoke Grenade Market by Type
10.1.6.3.2 Mexico Smoke Grenade Market by Application
10.1.6.3.3 Mexico Smoke Grenade Market by End-User
10.2. EUROPE
10.2.1 Europe Smoke Grenade Market Overview
10.2.2 Europe Smoke Grenade Market Forecasts and Analysis
10.2.3 Europe Smoke Grenade Market Forecasts and Analysis - By Type
10.2.4 Europe Smoke Grenade Market Forecasts and Analysis - By Application
10.2.5 Europe Smoke Grenade Market Forecasts and Analysis - By End-User
10.2.6 Europe Smoke Grenade Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Smoke Grenade Market
10.2.6.1.1 Germany Smoke Grenade Market by Type
10.2.6.1.2 Germany Smoke Grenade Market by Application
10.2.6.1.3 Germany Smoke Grenade Market by End-User
10.2.6.2 France Smoke Grenade Market
10.2.6.2.1 France Smoke Grenade Market by Type
10.2.6.2.2 France Smoke Grenade Market by Application
10.2.6.2.3 France Smoke Grenade Market by End-User
10.2.6.3 Italy Smoke Grenade Market
10.2.6.3.1 Italy Smoke Grenade Market by Type
10.2.6.3.2 Italy Smoke Grenade Market by Application
10.2.6.3.3 Italy Smoke Grenade Market by End-User
10.2.6.4 United Kingdom Smoke Grenade Market
10.2.6.4.1 United Kingdom Smoke Grenade Market by Type
10.2.6.4.2 United Kingdom Smoke Grenade Market by Application
10.2.6.4.3 United Kingdom Smoke Grenade Market by End-User
10.2.6.5 Russia Smoke Grenade Market
10.2.6.5.1 Russia Smoke Grenade Market by Type
10.2.6.5.2 Russia Smoke Grenade Market by Application
10.2.6.5.3 Russia Smoke Grenade Market by End-User
10.2.6.6 Rest of Europe Smoke Grenade Market
10.2.6.6.1 Rest of Europe Smoke Grenade Market by Type
10.2.6.6.2 Rest of Europe Smoke Grenade Market by Application
10.2.6.6.3 Rest of Europe Smoke Grenade Market by End-User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Smoke Grenade Market Overview
10.3.2 Asia-Pacific Smoke Grenade Market Forecasts and Analysis
10.3.3 Asia-Pacific Smoke Grenade Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Smoke Grenade Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Smoke Grenade Market Forecasts and Analysis - By End-User
10.3.6 Asia-Pacific Smoke Grenade Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Smoke Grenade Market
10.3.6.1.1 Australia Smoke Grenade Market by Type
10.3.6.1.2 Australia Smoke Grenade Market by Application
10.3.6.1.3 Australia Smoke Grenade Market by End-User
10.3.6.2 China Smoke Grenade Market
10.3.6.2.1 China Smoke Grenade Market by Type
10.3.6.2.2 China Smoke Grenade Market by Application
10.3.6.2.3 China Smoke Grenade Market by End-User
10.3.6.3 India Smoke Grenade Market
10.3.6.3.1 India Smoke Grenade Market by Type
10.3.6.3.2 India Smoke Grenade Market by Application
10.3.6.3.3 India Smoke Grenade Market by End-User
10.3.6.4 Japan Smoke Grenade Market
10.3.6.4.1 Japan Smoke Grenade Market by Type
10.3.6.4.2 Japan Smoke Grenade Market by Application
10.3.6.4.3 Japan Smoke Grenade Market by End-User
10.3.6.5 South Korea Smoke Grenade Market
10.3.6.5.1 South Korea Smoke Grenade Market by Type
10.3.6.5.2 South Korea Smoke Grenade Market by Application
10.3.6.5.3 South Korea Smoke Grenade Market by End-User
10.3.6.6 Rest of Asia-Pacific Smoke Grenade Market
10.3.6.6.1 Rest of Asia-Pacific Smoke Grenade Market by Type
10.3.6.6.2 Rest of Asia-Pacific Smoke Grenade Market by Application
10.3.6.6.3 Rest of Asia-Pacific Smoke Grenade Market by End-User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Smoke Grenade Market Overview
10.4.2 Middle East and Africa Smoke Grenade Market Forecasts and Analysis
10.4.3 Middle East and Africa Smoke Grenade Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Smoke Grenade Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Smoke Grenade Market Forecasts and Analysis - By End-User
10.4.6 Middle East and Africa Smoke Grenade Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Smoke Grenade Market
10.4.6.1.1 South Africa Smoke Grenade Market by Type
10.4.6.1.2 South Africa Smoke Grenade Market by Application
10.4.6.1.3 South Africa Smoke Grenade Market by End-User
10.4.6.2 Saudi Arabia Smoke Grenade Market
10.4.6.2.1 Saudi Arabia Smoke Grenade Market by Type
10.4.6.2.2 Saudi Arabia Smoke Grenade Market by Application
10.4.6.2.3 Saudi Arabia Smoke Grenade Market by End-User
10.4.6.3 U.A.E Smoke Grenade Market
10.4.6.3.1 U.A.E Smoke Grenade Market by Type
10.4.6.3.2 U.A.E Smoke Grenade Market by Application
10.4.6.3.3 U.A.E Smoke Grenade Market by End-User
10.4.6.4 Rest of Middle East and Africa Smoke Grenade Market
10.4.6.4.1 Rest of Middle East and Africa Smoke Grenade Market by Type
10.4.6.4.2 Rest of Middle East and Africa Smoke Grenade Market by Application
10.4.6.4.3 Rest of Middle East and Africa Smoke Grenade Market by End-User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Smoke Grenade Market Overview
10.5.2 South and Central America Smoke Grenade Market Forecasts and Analysis
10.5.3 South and Central America Smoke Grenade Market Forecasts and Analysis - By Type
10.5.4 South and Central America Smoke Grenade Market Forecasts and Analysis - By Application
10.5.5 South and Central America Smoke Grenade Market Forecasts and Analysis - By End-User
10.5.6 South and Central America Smoke Grenade Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Smoke Grenade Market
10.5.6.1.1 Brazil Smoke Grenade Market by Type
10.5.6.1.2 Brazil Smoke Grenade Market by Application
10.5.6.1.3 Brazil Smoke Grenade Market by End-User
10.5.6.2 Argentina Smoke Grenade Market
10.5.6.2.1 Argentina Smoke Grenade Market by Type
10.5.6.2.2 Argentina Smoke Grenade Market by Application
10.5.6.2.3 Argentina Smoke Grenade Market by End-User
10.5.6.3 Rest of South and Central America Smoke Grenade Market
10.5.6.3.1 Rest of South and Central America Smoke Grenade Market by Type
10.5.6.3.2 Rest of South and Central America Smoke Grenade Market by Application
10.5.6.3.3 Rest of South and Central America Smoke Grenade Market by End-User
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. SMOKE GRENADE MARKET, KEY COMPANY PROFILES
12.1. CENTANEX LTD.
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. CHEMRING GROUP PLC
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. CONDOR NON-LETHAL TECHNOLOGIES
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. DAEKWANG CHEMICAL CO., 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. ENOLA GAYE
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. NAMMO AS
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. RHEINMETALL DEFENCE
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. SAFARILAND, LLC
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. SINGAPORE TECHNOLOGIES ENGINEERING 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. SPORT SMOKE, LLC
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
1.Centanex Ltd.
2.Chemring Group PLC
3.Condor Non-Lethal Technologies
4.DAEKWANG CHEMICAL Co., Ltd.
5.Enola Gaye
6.NAMMO AS
7.Rheinmetall Defence
8.Safariland, LLC
9.Singapore Technologies Engineering Ltd.
10.Sport Smoke, LLC
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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