The aircraft survivability equipment are key essentials in protecting the aircraft from any kind of physical and electronic attacks. Increasing defense expenditure in developed and developing nations in recent years has created a positive outlook for the market players. Additionally, modernization efforts carried out in the defense industry, especially in air force is expected to take the market growth to new heights in the forecast period.
MARKET DYNAMICS
The aircraft survivability equipment market is anticipated to grow in the forecast period owing to driving factors such as increase in asymmetric warfare coupled with growing threat from advanced infrared and radio-frequency target systems. Additionally, replacement of legacy systems with advanced combat systems is further likely to fuel the market growth. However, stringent military regulations and standards are major challenges faced by the aircraft survivability equipment market. Nonetheless, aging fleet fighter jets and combat helicopters requiring system up gradation offer promising opportunities for the key players operating in the aircraft survivability equipment market during the forecast period.
MARKET SCOPE
The "Global Aircraft Survivability Equipment Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of aircraft survivability equipment market with detailed market segmentation by fit, subsystem, platform, and geography. The global aircraft survivability equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aircraft survivability equipment market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global aircraft survivability equipment market is segmented on the basis of fit, subsystem, and platform. Based on fit, the market is segmented as line fit and retro fit. On the basis of the subsystem, the market is segmented as electronic support and electronic attack. The market on the basis of the platform is classified as combat aircraft, combat helicopter, special mission aircraft, and UAV.

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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 aircraft survivability equipment 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 & Central America. The aircraft survivability equipment 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 the current trend and opportunities prevailing in the region.
The report analyzes factors affecting aircraft survivability equipment market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides Porter's Five Force analysis.

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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 aircraft survivability equipment 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 & Central America. The aircraft survivability equipment 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 the current trend and opportunities prevailing in the region.
The report analyzes factors affecting aircraft survivability equipment market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides Porter's Five Force analysis.
MARKET PLAYERS
The reports cover key developments in the aircraft survivability equipment 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 the way for the expansion of business and customer base of market players. The market players from aircraft survivability equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft survivability equipment in the global market. Below mentioned is the list of few companies engaged in the aircraft survivability equipment market.
The report also includes the profiles of key aircraft survivability equipment 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 the last three years, key developments in the past five years.
- BAE Systems plc
- Chemring Group PLC
- Elbit Systems Ltd.
- Israel Aerospace Industries (IAI)
- Leonardo DRS
- Northrop Grumman Corporation
- Raytheon Company
- RUAG Group
- Terma Group
- Thales Group
- 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
1.3.1Aircraft Survivability Equipment Market - By Fit
1.3.2Aircraft Survivability Equipment Market - By Subsystem
1.3.3Aircraft Survivability Equipment Market - By Platform
1.3.4Aircraft Survivability Equipment Market - By Region
1.3.4.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.AIRCRAFT SURVIVABILITY EQUIPMENT MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.AIRCRAFT SURVIVABILITY 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6.AIRCRAFT SURVIVABILITY EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1.AIRCRAFT SURVIVABILITY EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2.AIRCRAFT SURVIVABILITY EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.AIRCRAFT SURVIVABILITY EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - FIT
7.1.OVERVIEW
7.2.FIT MARKET FORECASTS AND ANALYSIS
7.3.LINE FIT
7.3.1.Overview
7.3.2.Line Fit Market Forecast and Analysis
7.4.RETRO FIT
7.4.1.Overview
7.4.2.Retro Fit Market Forecast and Analysis
8.AIRCRAFT SURVIVABILITY EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - SUBSYSTEM
8.1.OVERVIEW
8.2.SUBSYSTEM MARKET FORECASTS AND ANALYSIS
8.3.ELECTRONIC SUPPORT
8.3.1.Overview
8.3.2.Electronic Support Market Forecast and Analysis
8.4.ELECTRONIC ATTACK
8.4.1.Overview
8.4.2.Electronic Attack Market Forecast and Analysis
9.AIRCRAFT SURVIVABILITY EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - PLATFORM
9.1.OVERVIEW
9.2.PLATFORM MARKET FORECASTS AND ANALYSIS
9.3.COMBAT AIRCRAFT
9.3.1.Overview
9.3.2.Combat Aircraft Market Forecast and Analysis
9.4.COMBAT HELICOPTER
9.4.1.Overview
9.4.2.Combat Helicopter Market Forecast and Analysis
9.5.SPECIAL MISSION AIRCRAFT
9.5.1.Overview
9.5.2.Special Mission Aircraft Market Forecast and Analysis
9.6.UAV
9.6.1.Overview
9.6.2.UAV Market Forecast and Analysis
10.AIRCRAFT SURVIVABILITY EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Aircraft Survivability Equipment Market Overview
10.1.2North America Aircraft Survivability Equipment Market Forecasts and Analysis
10.1.3North America Aircraft Survivability Equipment Market Forecasts and Analysis - By Fit
10.1.4North America Aircraft Survivability Equipment Market Forecasts and Analysis - By Subsystem
10.1.5North America Aircraft Survivability Equipment Market Forecasts and Analysis - By Platform
10.1.6North America Aircraft Survivability Equipment Market Forecasts and Analysis - By Countries
10.1.6.1United States Aircraft Survivability Equipment Market
10.1.6.1.1United States Aircraft Survivability Equipment Market by Fit
10.1.6.1.2United States Aircraft Survivability Equipment Market by Subsystem
10.1.6.1.3United States Aircraft Survivability Equipment Market by Platform
10.1.6.2Canada Aircraft Survivability Equipment Market
10.1.6.2.1Canada Aircraft Survivability Equipment Market by Fit
10.1.6.2.2Canada Aircraft Survivability Equipment Market by Subsystem
10.1.6.2.3Canada Aircraft Survivability Equipment Market by Platform
10.1.6.3Mexico Aircraft Survivability Equipment Market
10.1.6.3.1Mexico Aircraft Survivability Equipment Market by Fit
10.1.6.3.2Mexico Aircraft Survivability Equipment Market by Subsystem
10.1.6.3.3Mexico Aircraft Survivability Equipment Market by Platform
10.2.EUROPE
10.2.1Europe Aircraft Survivability Equipment Market Overview
10.2.2Europe Aircraft Survivability Equipment Market Forecasts and Analysis
10.2.3Europe Aircraft Survivability Equipment Market Forecasts and Analysis - By Fit
10.2.4Europe Aircraft Survivability Equipment Market Forecasts and Analysis - By Subsystem
10.2.5Europe Aircraft Survivability Equipment Market Forecasts and Analysis - By Platform
10.2.6Europe Aircraft Survivability Equipment Market Forecasts and Analysis - By Countries
10.2.6.1Germany Aircraft Survivability Equipment Market
10.2.6.1.1Germany Aircraft Survivability Equipment Market by Fit
10.2.6.1.2Germany Aircraft Survivability Equipment Market by Subsystem
10.2.6.1.3Germany Aircraft Survivability Equipment Market by Platform
10.2.6.2France Aircraft Survivability Equipment Market
10.2.6.2.1France Aircraft Survivability Equipment Market by Fit
10.2.6.2.2France Aircraft Survivability Equipment Market by Subsystem
10.2.6.2.3France Aircraft Survivability Equipment Market by Platform
10.2.6.3Italy Aircraft Survivability Equipment Market
10.2.6.3.1Italy Aircraft Survivability Equipment Market by Fit
10.2.6.3.2Italy Aircraft Survivability Equipment Market by Subsystem
10.2.6.3.3Italy Aircraft Survivability Equipment Market by Platform
10.2.6.4United Kingdom Aircraft Survivability Equipment Market
10.2.6.4.1United Kingdom Aircraft Survivability Equipment Market by Fit
10.2.6.4.2United Kingdom Aircraft Survivability Equipment Market by Subsystem
10.2.6.4.3United Kingdom Aircraft Survivability Equipment Market by Platform
10.2.6.5Russia Aircraft Survivability Equipment Market
10.2.6.5.1Russia Aircraft Survivability Equipment Market by Fit
10.2.6.5.2Russia Aircraft Survivability Equipment Market by Subsystem
10.2.6.5.3Russia Aircraft Survivability Equipment Market by Platform
10.2.6.6Rest of Europe Aircraft Survivability Equipment Market
10.2.6.6.1Rest of Europe Aircraft Survivability Equipment Market by Fit
10.2.6.6.2Rest of Europe Aircraft Survivability Equipment Market by Subsystem
10.2.6.6.3Rest of Europe Aircraft Survivability Equipment Market by Platform
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Aircraft Survivability Equipment Market Overview
10.3.2Asia-Pacific Aircraft Survivability Equipment Market Forecasts and Analysis
10.3.3Asia-Pacific Aircraft Survivability Equipment Market Forecasts and Analysis - By Fit
10.3.4Asia-Pacific Aircraft Survivability Equipment Market Forecasts and Analysis - By Subsystem
10.3.5Asia-Pacific Aircraft Survivability Equipment Market Forecasts and Analysis - By Platform
10.3.6Asia-Pacific Aircraft Survivability Equipment Market Forecasts and Analysis - By Countries
10.3.6.1Australia Aircraft Survivability Equipment Market
10.3.6.1.1Australia Aircraft Survivability Equipment Market by Fit
10.3.6.1.2Australia Aircraft Survivability Equipment Market by Subsystem
10.3.6.1.3Australia Aircraft Survivability Equipment Market by Platform
10.3.6.2China Aircraft Survivability Equipment Market
10.3.6.2.1China Aircraft Survivability Equipment Market by Fit
10.3.6.2.2China Aircraft Survivability Equipment Market by Subsystem
10.3.6.2.3China Aircraft Survivability Equipment Market by Platform
10.3.6.3Japan Aircraft Survivability Equipment Market
10.3.6.3.1Japan Aircraft Survivability Equipment Market by Fit
10.3.6.3.2Japan Aircraft Survivability Equipment Market by Subsystem
10.3.6.3.3Japan Aircraft Survivability Equipment Market by Platform
10.3.6.4South Korea Aircraft Survivability Equipment Market
10.3.6.4.1South Korea Aircraft Survivability Equipment Market by Fit
10.3.6.4.2South Korea Aircraft Survivability Equipment Market by Subsystem
10.3.6.4.3South Korea Aircraft Survivability Equipment Market by Platform
10.3.6.5Rest of Asia-Pacific Aircraft Survivability Equipment Market
10.3.6.5.1Rest of Asia-Pacific Aircraft Survivability Equipment Market by Fit
10.3.6.5.2Rest of Asia-Pacific Aircraft Survivability Equipment Market by Subsystem
10.3.6.5.3Rest of Asia-Pacific Aircraft Survivability Equipment Market by Platform
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Aircraft Survivability Equipment Market Overview
10.4.2Middle East and Africa Aircraft Survivability Equipment Market Forecasts and Analysis
10.4.3Middle East and Africa Aircraft Survivability Equipment Market Forecasts and Analysis - By Fit
10.4.4Middle East and Africa Aircraft Survivability Equipment Market Forecasts and Analysis - By Subsystem
10.4.5Middle East and Africa Aircraft Survivability Equipment Market Forecasts and Analysis - By Platform
10.4.6Middle East and Africa Aircraft Survivability Equipment Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Aircraft Survivability Equipment Market
10.4.6.1.1South Africa Aircraft Survivability Equipment Market by Fit
10.4.6.1.2South Africa Aircraft Survivability Equipment Market by Subsystem
10.4.6.1.3South Africa Aircraft Survivability Equipment Market by Platform
10.4.6.2Saudi Arabia Aircraft Survivability Equipment Market
10.4.6.2.1Saudi Arabia Aircraft Survivability Equipment Market by Fit
10.4.6.2.2Saudi Arabia Aircraft Survivability Equipment Market by Subsystem
10.4.6.2.3Saudi Arabia Aircraft Survivability Equipment Market by Platform
10.4.6.3U.A.E Aircraft Survivability Equipment Market
10.4.6.3.1U.A.E Aircraft Survivability Equipment Market by Fit
10.4.6.3.2U.A.E Aircraft Survivability Equipment Market by Subsystem
10.4.6.3.3U.A.E Aircraft Survivability Equipment Market by Platform
10.4.6.4Rest of Middle East and Africa Aircraft Survivability Equipment Market
10.4.6.4.1Rest of Middle East and Africa Aircraft Survivability Equipment Market by Fit
10.4.6.4.2Rest of Middle East and Africa Aircraft Survivability Equipment Market by Subsystem
10.4.6.4.3Rest of Middle East and Africa Aircraft Survivability Equipment Market by Platform
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Aircraft Survivability Equipment Market Overview
10.5.2South and Central America Aircraft Survivability Equipment Market Forecasts and Analysis
10.5.3South and Central America Aircraft Survivability Equipment Market Forecasts and Analysis - By Fit
10.5.4South and Central America Aircraft Survivability Equipment Market Forecasts and Analysis - By Subsystem
10.5.5South and Central America Aircraft Survivability Equipment Market Forecasts and Analysis - By Platform
10.5.6South and Central America Aircraft Survivability Equipment Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Aircraft Survivability Equipment Market
10.5.6.1.1Brazil Aircraft Survivability Equipment Market by Fit
10.5.6.1.2Brazil Aircraft Survivability Equipment Market by Subsystem
10.5.6.1.3Brazil Aircraft Survivability Equipment Market by Platform
10.5.6.2Argentina Aircraft Survivability Equipment Market
10.5.6.2.1Argentina Aircraft Survivability Equipment Market by Fit
10.5.6.2.2Argentina Aircraft Survivability Equipment Market by Subsystem
10.5.6.2.3Argentina Aircraft Survivability Equipment Market by Platform
10.5.6.3Rest of South and Central America Aircraft Survivability Equipment Market
10.5.6.3.1Rest of South and Central America Aircraft Survivability Equipment Market by Fit
10.5.6.3.2Rest of South and Central America Aircraft Survivability Equipment Market by Subsystem
10.5.6.3.3Rest of South and Central America Aircraft Survivability Equipment Market by Platform
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.AIRCRAFT SURVIVABILITY EQUIPMENT MARKET, KEY COMPANY PROFILES
12.1.BAE SYSTEMS PLC
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.ELBIT SYSTEMS LTD.
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.ISRAEL AEROSPACE INDUSTRIES (IAI)
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.LEONARDO DRS
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.NORTHROP GRUMMAN CORPORATION
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.RAYTHEON COMPANY
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.RUAG GROUP
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.TERMA GROUP
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.THALES GROUP
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. BAE Systems plc2. Chemring Group PLC3. Elbit Systems Ltd.4. Israel Aerospace Industries (IAI)5. Leonardo DRS6. Northrop Grumman Corporation7. Raytheon Company8. RUAG Group9. Terma Group10. Thales Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.