The Image Intensifier Market is expected to register a CAGR of 6.8% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Report is Segmented by Application (Cameras, Scopes, Goggles, X-Ray Detectors), Industry Vertical (Medical, Defense and Surveillance, Industrial, Others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the ReportThe report Image Intensifier Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Image Intensifier Market Segmentation
Application- Cameras
- Scopes
- Goggles
- X-Ray Detectors
- Medical
- Defense and Surveillance
- Industrial
- Others
Strategic Insights
Image Intensifier Market Growth Drivers- Increasing Defense and Security Applications: The image intensifier market is primarily driven by the growing demand for night vision and surveillance systems in defense and security applications. With rising global security concerns and geopolitical tensions, military organizations are investing heavily in advanced technologies to enhance their operational capabilities. Image intensifiers are essential components in night vision equipment, allowing personnel to operate effectively in low-light conditions. As defense budgets increase and the need for enhanced situational awareness grows, the demand for image intensifiers is expected to rise significantly.
- Growth in Medical Imaging Technologies: The expanding field of medical imaging is another key driver for the image intensifier market. Image intensifiers are widely used in various medical applications, including fluoroscopy and X-ray imaging, where enhanced visibility of internal structures is crucial for accurate diagnosis and treatment. As advancements in medical technologies continue to evolve, such as minimally invasive surgical techniques and real-time imaging, the need for high-quality imaging systems that incorporate image intensifiers is increasing. This trend is fostering growth in the market as healthcare providers seek to improve patient outcomes through better imaging solutions.
- Growing Demand for Miniaturization of Imaging Systems: Miniaturization is a prominent trend in the image intensifier market, driven by the demand for compact and portable imaging solutions. As industries and consumers seek lighter and more versatile devices, manufacturers are focusing on developing smaller image intensifiers that can easily integrate into handheld devices, wearable technology, and drones. This trend is particularly relevant in defense, medical, and consumer electronics applications, where portability and ease of use are critical. The ability to offer miniaturized imaging solutions is likely to expand the market reach and accessibility of image intensifiers.
- Growing Integration with Digital Technologies: The integration of image intensifiers with digital technologies is transforming the market landscape. Many modern imaging systems are now incorporating digital interfaces, image processing software, and connectivity features that enable data sharing and analysis. This trend allows users to capture, store, and transmit images more efficiently, enhancing the overall functionality of imaging systems. The convergence of image intensification with digital technologies is paving the way for smarter imaging solutions that cater to the evolving needs of various industries, including defense, healthcare, and industrial applications.
- Growing Demand for Night Vision Devices: The increasing demand for night vision devices in various sectors, including defense, law enforcement, and wildlife observation, is creating substantial opportunities for the image intensifier market. As consumers and organizations seek enhanced visibility in low-light conditions, manufacturers can develop innovative night vision solutions that incorporate advanced image intensifiers. This trend can lead to the introduction of new products that cater to specific needs, such as compact night vision goggles or integrated surveillance systems, thereby expanding the market landscape.
- Growing Research and Development and Innovation in Product Design: Continuous investment in research and development (R&D) is crucial for driving innovation in the image intensifier market. Companies that prioritize R&D can explore new technologies, materials, and design approaches to enhance the performance and capabilities of image intensifiers. This focus on innovation can lead to the development of next-generation products with improved sensitivity, resolution, and durability. By staying ahead of technological advancements and addressing emerging customer needs, manufacturers can gain a competitive edge and capitalize on growth opportunities in the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Image Intensifier Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Image Intensifier Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Digital integration capabilities to play a significant role in the global image intensifier market in the coming years
Military modernization and homeland security requirements are the major factors driving the image intensifier market
The Image Intensifier Market is estimated to witness a CAGR of 6.8% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Image Intensifier Market - By Diameter
1.3.2 Image Intensifier Market - By Application
1.3.3 Image Intensifier Market - By End user
1.3.4 Image Intensifier Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. IMAGE INTENSIFIER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. IMAGE INTENSIFIER 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. IMAGE INTENSIFIER MARKET - GLOBAL MARKET ANALYSIS
6.1. IMAGE INTENSIFIER - GLOBAL MARKET OVERVIEW
6.2. IMAGE INTENSIFIER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. IMAGE INTENSIFIER MARKET - REVENUE AND FORECASTS TO 2028 - DIAMETER
7.1. OVERVIEW
7.2. DIAMETER MARKET FORECASTS AND ANALYSIS
7.3. LESS THAN 18 MM
7.3.1. Overview
7.3.2. less than 18 mm Market Forecast and Analysis
7.4. 18 MM
7.4.1. Overview
7.4.2. 18 mm Market Forecast and Analysis
7.5. 25 MM
7.5.1. Overview
7.5.2. 25 mm Market Forecast and Analysis
7.6. 6 INCH
7.6.1. Overview
7.6.2. 6 inch Market Forecast and Analysis
7.7. 9 INCH
7.7.1. Overview
7.7.2. 9 inch Market Forecast and Analysis
7.8. 12 INCH
7.8.1. Overview
7.8.2. 12 inch Market Forecast and Analysis
7.9. 16 INCH
7.9.1. Overview
7.9.2. 16 inch Market Forecast and Analysis
8. IMAGE INTENSIFIER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CAMERAS
8.3.1. Overview
8.3.2. Cameras Market Forecast and Analysis
8.4. SCOPES
8.4.1. Overview
8.4.2. Scopes Market Forecast and Analysis
8.5. EYEWEAR
8.5.1. Overview
8.5.2. Eyewear Market Forecast and Analysis
8.6. X RAY DETECTORS
8.6.1. Overview
8.6.2. X ray detectors Market Forecast and Analysis
9. IMAGE INTENSIFIER MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. MILITARY
9.3.1. Overview
9.3.2. Military Market Forecast and Analysis
9.4. HEALTHCARE
9.4.1. Overview
9.4.2. Healthcare Market Forecast and Analysis
9.5. INDUSTRIAL
9.5.1. Overview
9.5.2. Industrial Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. IMAGE INTENSIFIER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Image Intensifier Market Overview
10.1.2 North America Image Intensifier Market Forecasts and Analysis
10.1.3 North America Image Intensifier Market Forecasts and Analysis - By Diameter
10.1.4 North America Image Intensifier Market Forecasts and Analysis - By Application
10.1.5 North America Image Intensifier Market Forecasts and Analysis - By End user
10.1.6 North America Image Intensifier Market Forecasts and Analysis - By Countries
10.1.6.1 United States Image Intensifier Market
10.1.6.1.1 United States Image Intensifier Market by Diameter
10.1.6.1.2 United States Image Intensifier Market by Application
10.1.6.1.3 United States Image Intensifier Market by End user
10.1.6.2 Canada Image Intensifier Market
10.1.6.2.1 Canada Image Intensifier Market by Diameter
10.1.6.2.2 Canada Image Intensifier Market by Application
10.1.6.2.3 Canada Image Intensifier Market by End user
10.1.6.3 Mexico Image Intensifier Market
10.1.6.3.1 Mexico Image Intensifier Market by Diameter
10.1.6.3.2 Mexico Image Intensifier Market by Application
10.1.6.3.3 Mexico Image Intensifier Market by End user
10.2. EUROPE
10.2.1 Europe Image Intensifier Market Overview
10.2.2 Europe Image Intensifier Market Forecasts and Analysis
10.2.3 Europe Image Intensifier Market Forecasts and Analysis - By Diameter
10.2.4 Europe Image Intensifier Market Forecasts and Analysis - By Application
10.2.5 Europe Image Intensifier Market Forecasts and Analysis - By End user
10.2.6 Europe Image Intensifier Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Image Intensifier Market
10.2.6.1.1 Germany Image Intensifier Market by Diameter
10.2.6.1.2 Germany Image Intensifier Market by Application
10.2.6.1.3 Germany Image Intensifier Market by End user
10.2.6.2 France Image Intensifier Market
10.2.6.2.1 France Image Intensifier Market by Diameter
10.2.6.2.2 France Image Intensifier Market by Application
10.2.6.2.3 France Image Intensifier Market by End user
10.2.6.3 Italy Image Intensifier Market
10.2.6.3.1 Italy Image Intensifier Market by Diameter
10.2.6.3.2 Italy Image Intensifier Market by Application
10.2.6.3.3 Italy Image Intensifier Market by End user
10.2.6.4 United Kingdom Image Intensifier Market
10.2.6.4.1 United Kingdom Image Intensifier Market by Diameter
10.2.6.4.2 United Kingdom Image Intensifier Market by Application
10.2.6.4.3 United Kingdom Image Intensifier Market by End user
10.2.6.5 Russia Image Intensifier Market
10.2.6.5.1 Russia Image Intensifier Market by Diameter
10.2.6.5.2 Russia Image Intensifier Market by Application
10.2.6.5.3 Russia Image Intensifier Market by End user
10.2.6.6 Rest of Europe Image Intensifier Market
10.2.6.6.1 Rest of Europe Image Intensifier Market by Diameter
10.2.6.6.2 Rest of Europe Image Intensifier Market by Application
10.2.6.6.3 Rest of Europe Image Intensifier Market by End user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Image Intensifier Market Overview
10.3.2 Asia-Pacific Image Intensifier Market Forecasts and Analysis
10.3.3 Asia-Pacific Image Intensifier Market Forecasts and Analysis - By Diameter
10.3.4 Asia-Pacific Image Intensifier Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Image Intensifier Market Forecasts and Analysis - By End user
10.3.6 Asia-Pacific Image Intensifier Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Image Intensifier Market
10.3.6.1.1 Australia Image Intensifier Market by Diameter
10.3.6.1.2 Australia Image Intensifier Market by Application
10.3.6.1.3 Australia Image Intensifier Market by End user
10.3.6.2 China Image Intensifier Market
10.3.6.2.1 China Image Intensifier Market by Diameter
10.3.6.2.2 China Image Intensifier Market by Application
10.3.6.2.3 China Image Intensifier Market by End user
10.3.6.3 India Image Intensifier Market
10.3.6.3.1 India Image Intensifier Market by Diameter
10.3.6.3.2 India Image Intensifier Market by Application
10.3.6.3.3 India Image Intensifier Market by End user
10.3.6.4 Japan Image Intensifier Market
10.3.6.4.1 Japan Image Intensifier Market by Diameter
10.3.6.4.2 Japan Image Intensifier Market by Application
10.3.6.4.3 Japan Image Intensifier Market by End user
10.3.6.5 South Korea Image Intensifier Market
10.3.6.5.1 South Korea Image Intensifier Market by Diameter
10.3.6.5.2 South Korea Image Intensifier Market by Application
10.3.6.5.3 South Korea Image Intensifier Market by End user
10.3.6.6 Rest of Asia-Pacific Image Intensifier Market
10.3.6.6.1 Rest of Asia-Pacific Image Intensifier Market by Diameter
10.3.6.6.2 Rest of Asia-Pacific Image Intensifier Market by Application
10.3.6.6.3 Rest of Asia-Pacific Image Intensifier Market by End user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Image Intensifier Market Overview
10.4.2 Middle East and Africa Image Intensifier Market Forecasts and Analysis
10.4.3 Middle East and Africa Image Intensifier Market Forecasts and Analysis - By Diameter
10.4.4 Middle East and Africa Image Intensifier Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Image Intensifier Market Forecasts and Analysis - By End user
10.4.6 Middle East and Africa Image Intensifier Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Image Intensifier Market
10.4.6.1.1 South Africa Image Intensifier Market by Diameter
10.4.6.1.2 South Africa Image Intensifier Market by Application
10.4.6.1.3 South Africa Image Intensifier Market by End user
10.4.6.2 Saudi Arabia Image Intensifier Market
10.4.6.2.1 Saudi Arabia Image Intensifier Market by Diameter
10.4.6.2.2 Saudi Arabia Image Intensifier Market by Application
10.4.6.2.3 Saudi Arabia Image Intensifier Market by End user
10.4.6.3 U.A.E Image Intensifier Market
10.4.6.3.1 U.A.E Image Intensifier Market by Diameter
10.4.6.3.2 U.A.E Image Intensifier Market by Application
10.4.6.3.3 U.A.E Image Intensifier Market by End user
10.4.6.4 Rest of Middle East and Africa Image Intensifier Market
10.4.6.4.1 Rest of Middle East and Africa Image Intensifier Market by Diameter
10.4.6.4.2 Rest of Middle East and Africa Image Intensifier Market by Application
10.4.6.4.3 Rest of Middle East and Africa Image Intensifier Market by End user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Image Intensifier Market Overview
10.5.2 South and Central America Image Intensifier Market Forecasts and Analysis
10.5.3 South and Central America Image Intensifier Market Forecasts and Analysis - By Diameter
10.5.4 South and Central America Image Intensifier Market Forecasts and Analysis - By Application
10.5.5 South and Central America Image Intensifier Market Forecasts and Analysis - By End user
10.5.6 South and Central America Image Intensifier Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Image Intensifier Market
10.5.6.1.1 Brazil Image Intensifier Market by Diameter
10.5.6.1.2 Brazil Image Intensifier Market by Application
10.5.6.1.3 Brazil Image Intensifier Market by End user
10.5.6.2 Argentina Image Intensifier Market
10.5.6.2.1 Argentina Image Intensifier Market by Diameter
10.5.6.2.2 Argentina Image Intensifier Market by Application
10.5.6.2.3 Argentina Image Intensifier Market by End user
10.5.6.3 Rest of South and Central America Image Intensifier Market
10.5.6.3.1 Rest of South and Central America Image Intensifier Market by Diameter
10.5.6.3.2 Rest of South and Central America Image Intensifier Market by Application
10.5.6.3.3 Rest of South and Central America Image Intensifier 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. IMAGE INTENSIFIER MARKET, KEY COMPANY PROFILES
12.1. ARGUS IMAGING
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. CANON MEDICAL
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. FLIR SYSTEMS
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. HARRIS
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. JSC KATOD
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. L3 TECHNOLOGIES
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. PHOTEK LIMITED
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. PHOTONIS
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. SIEMENS
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. Argus Imaging
2. Canon Medical
3. FLIR Systems
4. Harris
5. JSC Katod
6. L3 technologies
7. Photek Limited
8. PHOTONIS
9. Siemens
10. 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.
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