MARKET INTRODUCTION Naveen Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
The infrared thermography technology is used for creating the image of infrared light, which is invisible to the naked eye. Infrared thermography testing market is highly influenced by the increasing building regulations and growing concern about environment and safety. The Infrared thermography testing market is supported by advancement in technology.
MARKET DYNAMICS
Growing focus on energy efficient buildings and stringent building regulations are the major factors supporting the growth of the infrared thermography testing market. However, the lack of awareness is the major restraining factors for the infrared thermography testing market. The infrared thermography testing market is highly competitive in nature with the presence of well-established players holding a significant share of the market. Also, North America is expected to hold a significant market share in the forecast period.
MARKET SCOPE
The "Global Infrared Thermography Testing Market Analysis to 2031" is a specialized and in-depth study of the infrared thermography testing industry with a special focus on the global market trend analysis. The report aims to provide an overview of infrared thermography testing market with detailed market segmentation by offering, application, industry vertical and geography. The global infrared thermography testing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading infrared thermography testing market players and offers key trends and opportunities in the infrared thermography testing market.
MARKET SEGMENTATION
The global infrared thermography testing market is segmented on the basis of offering, application, and industry vertical. Based on offering, the market is segmented as hardware and software. On the basis of application the market is segmented as equipment and system monitoring, building performance and analysis, energy audits and inspection, and others. Based on the industry vertical the market is segmented into healthcare and pharmaceutical, manufacturing, metals and mining, heavy equipment and machinery, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global infrared thermography testing market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The infrared thermography testing market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting infrared thermography testing market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the infrared thermography testing market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global infrared thermography testing market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The infrared thermography testing market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting infrared thermography testing market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the infrared thermography testing market in these regions.
MARKET PLAYERS
The reports cover key developments in the infrared thermography testing 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 way for expansion of business and customer base of market players. The market payers from infrared thermography testing market are anticipated to lucrative growth opportunities in the future with the rising demand for infrared thermography testing in the global market. Below mentioned is the list of few companies engaged in the infrared thermography testing market.
The report also includes the profiles of key infrared thermography testing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- FLIR SYSTEMS INC.
- FLUKE CORPORATION
- INFRAROTSENSORIK UND MESSTECHNIK
- INFRATEC GMBH
- JENOPTIK AG
- KEYSIGHT TECHNOLOGIES INC.
- OPTRIS GMBH
- RAYTEK CORPORATION
- SKF AB
- TESTO AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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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
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to country scope.
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Infrared Thermography Testing Market - By Offerings
1.3.2Infrared Thermography Testing Market - By Application
1.3.3Infrared Thermography Testing Market - By Industry Vertical
1.3.4Infrared Thermography Testing Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.INFRARED THERMOGRAPHY TESTING MARKET L and SCAPE
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.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.INFRARED THERMOGRAPHY TESTING 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.INFRARED THERMOGRAPHY TESTING MARKET - GLOBAL MARKET ANALYSIS
6.1.INFRARED THERMOGRAPHY TESTING - GLOBAL MARKET OVERVIEW
6.2.INFRARED THERMOGRAPHY TESTING - GLOBAL MARKET and FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.INFRARED THERMOGRAPHY TESTING MARKET - REVENUE and FORECASTS TO 2028 - OFFERINGS
7.1.OVERVIEW
7.2.OFFERINGS MARKET FORECASTS and ANALYSIS
7.3.HARDWARE
7.3.1.Overview
7.3.2.Hardware Market Forecast and Analysis
7.4.SOFTWARE
7.4.1.Overview
7.4.2.Software Market Forecast and Analysis
8.INFRARED THERMOGRAPHY TESTING MARKET - REVENUE and FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS and ANALYSIS
8.3.EQUIPMENT and SYSTEM MONITORING
8.3.1.Overview
8.3.2.Equipment and System Monitoring Market Forecast and Analysis
8.4.BUILDING PERFORMANCE and ANALYSIS
8.4.1.Overview
8.4.2.Building Performance and Analysis Market Forecast and Analysis
8.5.ENERGY AUDITS and INSPECTION
8.5.1.Overview
8.5.2.Energy Audits and Inspection Market Forecast and Analysis
8.6.OTHERS
8.6.1.Overview
8.6.2.Others Market Forecast and Analysis
9.INFRARED THERMOGRAPHY TESTING MARKET - REVENUE and FORECASTS TO 2028 - INDUSTRY VERTICAL
9.1.OVERVIEW
9.2.INDUSTRY VERTICAL MARKET FORECASTS and ANALYSIS
9.3.HEALTHCARE and PHARMACEUTICAL
9.3.1.Overview
9.3.2.Healthcare and Pharmaceutical Market Forecast and Analysis
9.4.MANUFACTURING
9.4.1.Overview
9.4.2.Manufacturing Market Forecast and Analysis
9.5.METALS and MINING
9.5.1.Overview
9.5.2.Metals and Mining Market Forecast and Analysis
9.6.HEAVY EQUIPMENT and MACHINERY
9.6.1.Overview
9.6.2.Heavy Equipment and Machinery Market Forecast and Analysis
9.7.OTHERS
9.7.1.Overview
9.7.2.Others Market Forecast and Analysis
10.INFRARED THERMOGRAPHY TESTING MARKET REVENUE and FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Infrared Thermography Testing Market Overview
10.1.2North America Infrared Thermography Testing Market Forecasts and Analysis
10.1.3North America Infrared Thermography Testing Market Forecasts and Analysis - By Offerings
10.1.4North America Infrared Thermography Testing Market Forecasts and Analysis - By Application
10.1.5North America Infrared Thermography Testing Market Forecasts and Analysis - By Industry Vertical
10.1.6North America Infrared Thermography Testing Market Forecasts and Analysis - By Countries
10.1.6.1United States Infrared Thermography Testing Market
10.1.6.1.1United States Infrared Thermography Testing Market by Offerings
10.1.6.1.2United States Infrared Thermography Testing Market by Application
10.1.6.1.3United States Infrared Thermography Testing Market by Industry Vertical
10.1.6.2Canada Infrared Thermography Testing Market
10.1.6.2.1Canada Infrared Thermography Testing Market by Offerings
10.1.6.2.2Canada Infrared Thermography Testing Market by Application
10.1.6.2.3Canada Infrared Thermography Testing Market by Industry Vertical
10.1.6.3Mexico Infrared Thermography Testing Market
10.1.6.3.1Mexico Infrared Thermography Testing Market by Offerings
10.1.6.3.2Mexico Infrared Thermography Testing Market by Application
10.1.6.3.3Mexico Infrared Thermography Testing Market by Industry Vertical
10.2.EUROPE
10.2.1Europe Infrared Thermography Testing Market Overview
10.2.2Europe Infrared Thermography Testing Market Forecasts and Analysis
10.2.3Europe Infrared Thermography Testing Market Forecasts and Analysis - By Offerings
10.2.4Europe Infrared Thermography Testing Market Forecasts and Analysis - By Application
10.2.5Europe Infrared Thermography Testing Market Forecasts and Analysis - By Industry Vertical
10.2.6Europe Infrared Thermography Testing Market Forecasts and Analysis - By Countries
10.2.6.1Germany Infrared Thermography Testing Market
10.2.6.1.1Germany Infrared Thermography Testing Market by Offerings
10.2.6.1.2Germany Infrared Thermography Testing Market by Application
10.2.6.1.3Germany Infrared Thermography Testing Market by Industry Vertical
10.2.6.2France Infrared Thermography Testing Market
10.2.6.2.1France Infrared Thermography Testing Market by Offerings
10.2.6.2.2France Infrared Thermography Testing Market by Application
10.2.6.2.3France Infrared Thermography Testing Market by Industry Vertical
10.2.6.3Italy Infrared Thermography Testing Market
10.2.6.3.1Italy Infrared Thermography Testing Market by Offerings
10.2.6.3.2Italy Infrared Thermography Testing Market by Application
10.2.6.3.3Italy Infrared Thermography Testing Market by Industry Vertical
10.2.6.4United Kingdom Infrared Thermography Testing Market
10.2.6.4.1United Kingdom Infrared Thermography Testing Market by Offerings
10.2.6.4.2United Kingdom Infrared Thermography Testing Market by Application
10.2.6.4.3United Kingdom Infrared Thermography Testing Market by Industry Vertical
10.2.6.5Russia Infrared Thermography Testing Market
10.2.6.5.1Russia Infrared Thermography Testing Market by Offerings
10.2.6.5.2Russia Infrared Thermography Testing Market by Application
10.2.6.5.3Russia Infrared Thermography Testing Market by Industry Vertical
10.2.6.6Rest of Europe Infrared Thermography Testing Market
10.2.6.6.1Rest of Europe Infrared Thermography Testing Market by Offerings
10.2.6.6.2Rest of Europe Infrared Thermography Testing Market by Application
10.2.6.6.3Rest of Europe Infrared Thermography Testing Market by Industry Vertical
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Infrared Thermography Testing Market Overview
10.3.2Asia-Pacific Infrared Thermography Testing Market Forecasts and Analysis
10.3.3Asia-Pacific Infrared Thermography Testing Market Forecasts and Analysis - By Offerings
10.3.4Asia-Pacific Infrared Thermography Testing Market Forecasts and Analysis - By Application
10.3.5Asia-Pacific Infrared Thermography Testing Market Forecasts and Analysis - By Industry Vertical
10.3.6Asia-Pacific Infrared Thermography Testing Market Forecasts and Analysis - By Countries
10.3.6.1Australia Infrared Thermography Testing Market
10.3.6.1.1Australia Infrared Thermography Testing Market by Offerings
10.3.6.1.2Australia Infrared Thermography Testing Market by Application
10.3.6.1.3Australia Infrared Thermography Testing Market by Industry Vertical
10.3.6.2China Infrared Thermography Testing Market
10.3.6.2.1China Infrared Thermography Testing Market by Offerings
10.3.6.2.2China Infrared Thermography Testing Market by Application
10.3.6.2.3China Infrared Thermography Testing Market by Industry Vertical
10.3.6.3India Infrared Thermography Testing Market
10.3.6.3.1India Infrared Thermography Testing Market by Offerings
10.3.6.3.2India Infrared Thermography Testing Market by Application
10.3.6.3.3India Infrared Thermography Testing Market by Industry Vertical
10.3.6.4Japan Infrared Thermography Testing Market
10.3.6.4.1Japan Infrared Thermography Testing Market by Offerings
10.3.6.4.2Japan Infrared Thermography Testing Market by Application
10.3.6.4.3Japan Infrared Thermography Testing Market by Industry Vertical
10.3.6.5South Korea Infrared Thermography Testing Market
10.3.6.5.1South Korea Infrared Thermography Testing Market by Offerings
10.3.6.5.2South Korea Infrared Thermography Testing Market by Application
10.3.6.5.3South Korea Infrared Thermography Testing Market by Industry Vertical
10.3.6.6Rest of Asia-Pacific Infrared Thermography Testing Market
10.3.6.6.1Rest of Asia-Pacific Infrared Thermography Testing Market by Offerings
10.3.6.6.2Rest of Asia-Pacific Infrared Thermography Testing Market by Application
10.3.6.6.3Rest of Asia-Pacific Infrared Thermography Testing Market by Industry Vertical
10.4.MIDDLE EAST and AFRICA
10.4.1Middle East and Africa Infrared Thermography Testing Market Overview
10.4.2Middle East and Africa Infrared Thermography Testing Market Forecasts and Analysis
10.4.3Middle East and Africa Infrared Thermography Testing Market Forecasts and Analysis - By Offerings
10.4.4Middle East and Africa Infrared Thermography Testing Market Forecasts and Analysis - By Application
10.4.5Middle East and Africa Infrared Thermography Testing Market Forecasts and Analysis - By Industry Vertical
10.4.6Middle East and Africa Infrared Thermography Testing Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Infrared Thermography Testing Market
10.4.6.1.1South Africa Infrared Thermography Testing Market by Offerings
10.4.6.1.2South Africa Infrared Thermography Testing Market by Application
10.4.6.1.3South Africa Infrared Thermography Testing Market by Industry Vertical
10.4.6.2Saudi Arabia Infrared Thermography Testing Market
10.4.6.2.1Saudi Arabia Infrared Thermography Testing Market by Offerings
10.4.6.2.2Saudi Arabia Infrared Thermography Testing Market by Application
10.4.6.2.3Saudi Arabia Infrared Thermography Testing Market by Industry Vertical
10.4.6.3U.A.E Infrared Thermography Testing Market
10.4.6.3.1U.A.E Infrared Thermography Testing Market by Offerings
10.4.6.3.2U.A.E Infrared Thermography Testing Market by Application
10.4.6.3.3U.A.E Infrared Thermography Testing Market by Industry Vertical
10.4.6.4Rest of Middle East and Africa Infrared Thermography Testing Market
10.4.6.4.1Rest of Middle East and Africa Infrared Thermography Testing Market by Offerings
10.4.6.4.2Rest of Middle East and Africa Infrared Thermography Testing Market by Application
10.4.6.4.3Rest of Middle East and Africa Infrared Thermography Testing Market by Industry Vertical
10.5.SOUTH and CENTRAL AMERICA
10.5.1South and Central America Infrared Thermography Testing Market Overview
10.5.2South and Central America Infrared Thermography Testing Market Forecasts and Analysis
10.5.3South and Central America Infrared Thermography Testing Market Forecasts and Analysis - By Offerings
10.5.4South and Central America Infrared Thermography Testing Market Forecasts and Analysis - By Application
10.5.5South and Central America Infrared Thermography Testing Market Forecasts and Analysis - By Industry Vertical
10.5.6South and Central America Infrared Thermography Testing Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Infrared Thermography Testing Market
10.5.6.1.1Brazil Infrared Thermography Testing Market by Offerings
10.5.6.1.2Brazil Infrared Thermography Testing Market by Application
10.5.6.1.3Brazil Infrared Thermography Testing Market by Industry Vertical
10.5.6.2Argentina Infrared Thermography Testing Market
10.5.6.2.1Argentina Infrared Thermography Testing Market by Offerings
10.5.6.2.2Argentina Infrared Thermography Testing Market by Application
10.5.6.2.3Argentina Infrared Thermography Testing Market by Industry Vertical
10.5.6.3Rest of South and Central America Infrared Thermography Testing Market
10.5.6.3.1Rest of South and Central America Infrared Thermography Testing Market by Offerings
10.5.6.3.2Rest of South and Central America Infrared Thermography Testing Market by Application
10.5.6.3.3Rest of South and Central America Infrared Thermography Testing Market by Industry Vertical
11.INDUSTRY L and SCAPE
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.INFRARED THERMOGRAPHY TESTING MARKET, KEY COMPANY PROFILES
12.1.FLIR SYSTEMS INC.
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.FLUKE CORPORATION
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.INFRAROTSENSORIK UND MESSTECHNIK
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.INFRATEC GMBH
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.JENOPTIK AG
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.KEYSIGHT TECHNOLOGIES INC.
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.OPTRIS GMBH
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.RAYTEK CORPORATION
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.SKF AB
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.TESTO AG
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
The List of Companies
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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