Urban Air Mobility Market Size, Growth, Global Forecast By 2034
The urban air mobility market is expected to valued at US$ 6,384.9 Million in 2025 and is projected to reach US$ 23,250.3 Million by 2034. The Urban Air Mobility market is expected to grow at a CAGR of 17.5% during the forecast period of 2025 to 2034 .
A minimum of three and a maximum of five-six passengers can travel by urban air mobility passenger carriers. In rural areas, more than six passengers travel by three-wheeler passenger carriers as per requirement. Increasing traffic congestions in urban cities is major factor driving the market growth. As the world’s urban population grows, traffic congestion has been seriously affecting people’s quality of life and taking a toll on general economic growth. For example, according to INRIX (a traffic analysis firm), a U.S. commuter spends approximately 41 hours in traffic each year during peak congestion times. It also mentioned that traffic congestions had cost U.S. drivers approximately US$ 305 Bn in 2017, implying an average of US$ 1,445 per driver. Furthermore, the U.S. Environmental Protection Agency estimated an average passenger car emits 4.7 metric tons of carbon dioxide each year. Furthermore, car accidents have surged, along with increasing vehicle ownership in developing countries such as India and China. According to the World Health Organization (WHO), roughly 1.25 million people are killed in car accidents each year, reaching to about 3,400 deaths per day. This does not consider the millions of injuries incurred in non-fatal accidents.
The global urban air mobility market is segmented by type into passenger carrier and goods carrier. Based on fuel type, the urban air mobility market is segmented into Diesel, Petrol, CNG, LPG, and Electric. Increasing demand for electric urban air mobility, and increasing population, and increasing need for a vehicle that helps in traffic congestion in the region have been bolstering the growth of the global urban air mobility market.
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Urban Air Mobility Market: Strategic Insights
Market Size Value in US$ 6,384.9 Million in 2025 Market Size Value by US$ 23,250.3 million by 2034 Growth rate CAGR of 17.5% from 2025-2034 Forecast Period 2025-2034 Base Year 2025
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Urban Air Mobility Market: Strategic Insights
| Market Size Value in | US$ 6,384.9 Million in 2025 |
| Market Size Value by | US$ 23,250.3 million by 2034 |
| Growth rate | CAGR of 17.5% from 2025-2034 |
| Forecast Period | 2025-2034 |
| Base Year | 2025 |
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Urban air mobility Market Insights
Aviation and Autonomous Driving Technology Advancements
Advances in aviation technologies are creating the potential to provide convenient and efficient on-demand transportation for people and cargo in metropolitan areas. Urban Air Mobility (UAM) is a transportation concept that has the potential to reconstruct societal mobility. It proposes highly affordable, accessible, and fast urban air transit, which would reduce ground-based congestion by off-loading the existing roadways transportation infrastructure. UAM relies on the gain in technologies such as distributed electric propulsion, new business models such as application-based ride-sharing, and trends in advanced aerospace manufacturing that will reduce production costs. Increasing the credit of vehicle automation and autonomous vehicle operations will be critical in achieving the autonomous UAM vision. Autonomy will be needed for an economically viable transportation system capable of supporting the high anticipated demand. Significant increases in the technological maturity of stable, maneuverable, vertical takeoff and landing (VTOL) vehicle, and highly automated flight are primarily going to propel the UAM industry.
Platform -Based Market Insights
The urban air mobility market is bifurcated on basis of platform into air taxi, passenger aerial vehicle, cargo aerial vehicle, and air ambulance. Broad array of applications are present for UAM which facilitates easy and rapid transportation of cargo as well as human being. These UAMs are extensively utilized for the transportation of small items, medical products, and carries passengers as well. However, these mobility solutions have their own flying limits depending upon their usage. UAM vehicles are neither allowed to fly at a low range as it would hit the mid-sized and tall buildings nor at a high range to hit any airlines.
Operation -Based Market Insights
The urban air mobility market is bifurcated on basis of operation into piloted and autonomous. The autonomous segment is estimated to lead the market during the forecast period, as autonomous eVTOLs are better suited for cargo and passenger transportation and are anticipated to be increasingly utilized for intercity transportation.
Players operating in the Urban air mobility market focus on strategies, such as market initiatives, acquisitions, and product launches, to maintain their positions in the urban air mobility market. A few developments by key players of the urban air mobility market are:
In February 2020, Airbus and the Civil Aviation Authority of Singapore signed a MOU to enable urban air mobility in Singapore. This collaboration would enable the urban air mobility in the country in the country.
In February 2019 Airspace Experience Technologies entered into a definitive agreement with Spirit AeroSystems to create certified all-electric, vertical take-off and landing (eVTOL) aircraft.
Urban Air Mobility Market Report Scope
Urban Air Mobility Market – by Platform
- Air Taxi
- Passenger Aerial Vehicle
- Cargo Aerial Vehicle
- Air Ambulance
Urban Air Mobility Market – by Operation
- Piloted
- Autonomous
Urban Air Mobility Market – by Geography
North America
- US
- Canada
Europe
- France
- Germany
- UK
- Russia
- Rest of Europe
Rest of World
Urban Air Mobility Market – Company Profiles
- Airbus SAS
- Aurora Flight Sciences
- Bell Helicopter Textron Inc.
- EHang
- EmbraerX
- Honeywell International Inc.
- Kitty Hawk
- Moog Inc.
- Volocopter GmbH
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Platform, Operation
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
Air Taxi segment led the urban air mobility market. The air taxi usage case is a door-to-door (or near-ubiquitous) ridesharing operation, which permits customers to call vertical takeoff and landing aircraft (VTOLs) to their preferred pickup locations and stipulate drop-off destinations at rooftops across the given city. These rides are on-demand and unscheduled, just like ridesharing applications the customers use in the present scenario. Similar to the air metro case, the aerial vehicles are both autonomous as well as operated by the pilots and can accommodate 2 to 5 passengers simultaneously, by an average load of 1 passenger per trip.
Advances in aviation technologies are creating the potential to provide convenient and efficient on-demand transportation for people and cargo in metropolitan areas. Urban Air Mobility (UAM) is a transportation concept that has the potential to reconstruct societal mobility. It proposes highly affordable, accessible, and fast urban air transit, which would reduce ground-based congestion by off-loading the existing roadways transportation infrastructure. Therefore, the technological advancements in the aviation industry and increasing traffic congestion are the major factors driving the growth of urban air mobility market.
The North America region will lead the Urban air mobility market in 2025 owing to the supportive government initiatives and an increasing number of companies spending rigorously on the development of urban air mobility products.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Urban Air Mobility - Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Rest of World
4.3 Ecosystem
5. Urban Air Mobility (UAM) Market – Industry Dynamics
5.1 Key Market Driver
5.1.1 Aviation and Autonomous Driving Technology Advancements
5.1.2 Traffic Congestion
5.2 Key Market Restraint
5.2.1 Pilot Shortage
5.3 Key Market Opportunity
5.3.1 Last Mile Delivery
5.4 Future Trend
5.4.1 Advancement in Lithium-Ion Battery Technology
5.5 Impact Analysis of Drivers and Restraints
6. Urban Air Mobility – Global Market Analysis
6.1 Urban Air Mobility Market Overview
6.2 Urban Air Mobility Market –Revenue and Forecast to 2034 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Urban Air Mobility Market Analysis – By Platform
7.1 Overview
7.2 Urban Air Mobility Market, By Platform (2025 and 2034)
7.3 Air Taxi
7.3.1 Overview
7.3.2 Air Taxi: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
7.4 Passenger Aerial Vehicle
7.4.1 Overview
7.4.2 Passenger Aerial Vehicle: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
7.5 Cargo Aerial Vehicle
7.5.1 Overview
7.5.2 Cargo Aerial Vehicle: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
7.6 Air Ambulance
7.6.1 Overview
7.6.2 Air Ambulance: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
8. Urban Air Mobility Market Analysis – By Operation
8.1 Overview
8.2 Urban Air Mobility Market, By Operation (2025 and 2034)
8.3 Piloted
8.3.1 Overview
8.3.2 Piloted: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
8.4 Autonomous
8.4.1 Overview
8.4.2 Autonomous: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9. Urban Air Mobility Market – Geographic Analysis
9.1 Overview
9.2 North America: Urban Air Mobility Market
9.2.1 North America: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.2.2 North America: Urban Air Mobility Market, by Platform
9.2.3 North America: Urban Air Mobility Market, by Operation
9.2.4 North America: Urban Air Mobility Market, by Key Country
9.2.4.1 US: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.2.4.1.1 US: Urban Air Mobility Market, by Platform
9.2.4.1.2 US: Urban Air Mobility Market, by Operation
9.2.4.2 Canada: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.2.4.2.1 Canada: Urban Air Mobility Market, by Platform
9.2.4.2.2 Canada: Urban Air Mobility Market, by Operation
9.3 Europe: Urban Air Mobility Market
9.3.1 Europe: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.3.2 Europe: Urban Air Mobility Market, by Platform
9.3.3 Europe: Urban Air Mobility Market, by Operation
9.3.4 Europe: Urban Air Mobility Market, by Key Country
9.3.4.1 Germany: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.3.4.1.1 Germany: Urban Air Mobility Market, by Platform
9.3.4.1.2 Germany: Urban Air Mobility Market, by Operation
9.3.4.2 France: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.3.4.2.1 France: Urban Air Mobility Market, by Platform
9.3.4.2.2 France: Urban Air Mobility Market, by Operation
9.3.4.3 UK: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.3.4.3.1 UK: Urban Air Mobility Market, by Platform
9.3.4.3.2 UK: Urban Air Mobility Market, by Operation
9.3.4.4 Russia: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.3.4.4.1 Russia: Urban Air Mobility Market, by Platform
9.3.4.4.2 Russia: Urban Air Mobility Market, by Operation
9.3.4.5 Rest of Europe: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.3.4.5.1 Rest of Europe: Urban Air Mobility Market, by Platform
9.3.4.5.2 Rest of Europe: Urban Air Mobility Market, by Operation
9.4 Rest of World: Urban Air Mobility Market
9.4.1 Rest of World: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.4.2 Rest of World: Urban Air Mobility Market, by Platform
9.4.3 Rest of World: Urban Air Mobility Market, by Operation
10. Industry Landscape
10.1 Market Initiative
10.2 New Development
11. Company Profiles
11.1 Airbus SAS
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 Aurora Flight Sciences
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 Airspace Experience Technologies, Inc.
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 Bell Textron 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 EHang Intelligent Technology Co. Ltd
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 EmbraerX
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 Jaunt Air Mobility LLC
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 Kitty Hawk
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 Moog Inc.
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 Volocopter GmbH
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
LIST OF TABLES
Table 1. Urban Air Mobility Market –Revenue and Forecast to 2034 (US$ Million)
Table 2. North America: Urban Air Mobility Market, by Platform – Revenue and Forecast to 2034 (US$ Million)
Table 3. North America: Urban Air Mobility Market, by Operation – Revenue and Forecast to 2034 (US$ Million)
Table 4. US: Urban Air Mobility Market, by Platform –Revenue and Forecast to 2034 (US$ Million)
Table 5. US: Urban Air Mobility Market, by Operation –Revenue and Forecast to 2034 (US$ Million)
Table 6. Canada: Urban Air Mobility Market, by Platform – Revenue and Forecast to 2034 (US$ Million)
Table 7. Canada: Urban Air Mobility Market, by Operation – Revenue and Forecast to 2034 (US$ Million)
Table 8. Europe: Urban Air Mobility Market, by Platform– Revenue and Forecast to 2034 (US$ Million)
Table 9. Europe: Urban Air Mobility Market, by Operation – Revenue and Forecast to 2034 (US$ Million)
Table 10. Germany: Urban Air Mobility Market, by Platform – Revenue and Forecast to 2034 (US$ Million)
Table 11. Germany: Urban Air Mobility Market, by Operation – Revenue and Forecast to 2034 (US$ Million)
Table 12. France: Urban Air Mobility Market, by Platform – Revenue and Forecast to 2034 (US$ Million)
Table 13. France: Urban Air Mobility Market, by Operation – Revenue and Forecast to 2034 (US$ Million)
Table 14. UK: Urban Air Mobility Market, by Platform – Revenue and Forecast to 2034 (US$ Million)
Table 15. UK: Urban Air Mobility Market, by Operation – Revenue and Forecast to 2034 (US$ Million)
Table 16. Russia: Urban Air Mobility Market, by Platform – Revenue and Forecast to 2034 (US$ Million)
Table 17. Russia: Urban Air Mobility Market, by Operation – Revenue and Forecast to 2034 (US$ Million)
Table 18. Rest of Europe: Urban Air Mobility Market, by Platform – Revenue and Forecast to 2034 (US$ Million)
Table 19. Rest of Europe: Urban Air Mobility Market, by Operation – Revenue and Forecast to 2034 (US$ Million)
Table 20. Rest of World: Urban Air Mobility Market, by Platform – Revenue and Forecast to 2034 (US$ Million)
Table 21. Rest of World: Urban Air Mobility Market, by Operation – Revenue and Forecast to 2034 (US$ Million)
Table 22. Glossary of Term: Urban Air Mobility Market
LIST OF FIGURES
Figure 1. Urban air mobility Market Segmentation
Figure 2. Urban air mobility Market Segmentation – By Geography
Figure 3. Urban air mobility Market Overview
Figure 4. Urban air mobility Geographic Overview
Figure 5. Urban air mobility Market, By Platform
Figure 6. Urban air mobility Market, by Operation
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. Rest of World: PEST Analysis
Figure 10. UAM Market Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of Urban Air Mobility Market
Figure 12. Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 13. Urban Air Mobility Market Revenue Share, by Platform (2025 and 2034)
Figure 14. Air Taxi: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 15. Passenger Aerial Vehicle: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 16. Cargo Aerial Vehicle: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 17. Air Ambulance: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ million)
Figure 18. Urban Air Mobility Market Revenue Share, by Operation (2025 and 2034)
Figure 19. Piloted: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 20. Autonomous: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 21. Global Urban Air Mobility Market Revenue Share, by Region (2025 and 2034)
Figure 22. North America: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 23. North America: Urban Air Mobility Market Revenue Share, by Platform (2025 and 2034)
Figure 24. North America: Urban Air Mobility Market Revenue Share, by Operation (2025 and 2034)
Figure 25. North America: Urban Air Mobility Market Revenue Share, by Key Country (2025 and 2034)
Figure 26. US: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 27. Canada: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 28. Europe: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 29. Europe: Urban Air Mobility Market Revenue Share, by Platform (2025 and 2034)
Figure 30. Europe: Urban Air Mobility Market Revenue Share, by Operation (2025 and 2034)
Figure 31. Europe: Urban Air Mobility Market Revenue Share, by Key Country (2025 and 2034)
Figure 32. Germany: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 33. France: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 34. UK: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 35. Russia: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 36. Rest of Europe: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 37. Rest of World: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 38. Rest of World: Urban Air Mobility Market Revenue Share, by Platform (2025 and 2034)
Figure 39. Rest of World: Urban Air Mobility Market Revenue Share, by Operation (2025 and 2034)
The List of Companies - Urban Air Mobility (UAM) Market
- Airbus SAS
- Aurora Flight Sciences
- Airspace Experience Technologies, Inc.
- Bell Textron Inc
- EHang Intelligent Technology Co. Ltd
- EmbraerX
- Jaunt Air Mobility LLC
- Kitty Hawk
- Moog Inc.
- Volocopter GmbH
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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