Military Electronic Chart Display and Information System Market Opportunities and Forecast by 2031

Coverage: Military Electronic Chart Display and Information System Market covers analysis By Type (Electronic Navigational Charts (ENC), Raster Navigational Charts (RNC)); Platform (Submarines, Frigates, Corvettes, Destroyers, Other Vessels) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00018717
  • Category : Aerospace and Defense
  • No. of Pages : 150
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MARKET INTRODUCTION

Electronic chart display and information system (ECDIS) is an electronic navigation chart system used in naval vessels and ships. It displays vectorized data, identifies locations, and reaches directions on board a naval vessel for safe navigation. It also eases the workload of the navigator with automatic capabilities such as route planning, route monitoring, estimated time of arrival (ETA) computation, and the update of the electronic navigation chart (ENC). The ECDIS system displays information from the Electronic Navigational Charts (ENC) system and integrates position, direction and speed information through water reference systems and optionally other navigation sensors. Other sensors that could interface with the ECDIS include radar, Navtex, Automatic Identification Systems (AIS) and depth sounders. It is generally used by naval forces of different countries for navigation purpose. The system generates audible and/or visual alarms when the vessel is close to navigational hazards. Military versions of ECDIS are known as WECDIS (warship ECDIS) or ECDIS-N (ECDIS-naval). More advancement regarding navigation range is expected to drive the market during forecast period.

MARKET DYNAMICS

The rising need of technologically advanced navigation system in naval forces around the world and growing defense budget is driving the growth of the military electronic chart display and information system market. However, high cost and scarcity of skilled workforce to operate ECDIS may restrain the growth of the military electronic chart display and information system market. Further, more technological advancement in military electronic chart display and information system such enhanced real-time GIS in naval applications and integration with AI is anticipated to create market opportunities for the military electronic chart display and information system market during the forecast period.

MARKET SCOPE

The "Global Military Electronic Chart Display and Information System Market Analysis to 2031" is a specialized and in-depth study of the military electronic chart display and information system market with a special focus on the global market trend analysis. The report aims to provide an overview of military electronic chart display and information system market with detailed market segmentation by type, platform, and geography. The global military electronic chart displays and information system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading military electronic chart display and information system market players and offers key trends and opportunities in the military electronic chart display and information system market.

MARKET SEGMENTATION

The global military electronic chart displays and information system market is segmented on the basis of type and platform. On the basis of type, the market is segmented as electronic navigational charts (ENC) and raster navigational charts (RNC). Similarly, based on platform, market is segmented into the submarines, frigates, corvettes, destroyers, and other vessels.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global military electronic chart display and information system 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 military electronic chart displays and information system 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 military electronic chart display and information system 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 porter's five forces analysis highlighting factors affecting the military electronic chart display and information system market in these regions.


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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global military electronic chart display and information system 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 military electronic chart displays and information system 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 military electronic chart display and information system 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 porter's five forces analysis highlighting factors affecting the military electronic chart display and information system market in these regions.


MARKET PLAYERS

The reports cover key developments in the military electronic chart display and information system 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 players from military electronic chart display and information system market are anticipated to lucrative growth opportunities in the future with the rising demand for military electronic chart display and information system. Below mentioned is the list of few companies engaged in the military electronic chart display and information system market.

The report also includes the profiles of key military electronic chart display and information system market 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.

  •   DANELEC MARINE
  •   Elbit Systems Ltd.
  •   Hensoldt AG
  •   Kongsberg Maritime
  •   Marine Electronics Co.
  •   Marine Technologies, LLC
  •   Northrop Grumman Sperry Marine B.V.
  •   Raytheon Anschütz, a Raytheon Technologies company
  •   SRH Marine Electronics S.A.
  •   YALTES

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.
  • 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
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
1.3.1 Military Electronic Chart Display And Information System Market - By Type
1.3.2 Military Electronic Chart Display And Information System Market - By Platform
1.3.3 Military Electronic Chart Display And Information System Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. MILITARY ELECTRONIC CHART DISPLAY AND INFORMATION SYSTEM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. MILITARY ELECTRONIC CHART DISPLAY AND INFORMATION SYSTEM 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. MILITARY ELECTRONIC CHART DISPLAY AND INFORMATION SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. MILITARY ELECTRONIC CHART DISPLAY AND INFORMATION SYSTEM - GLOBAL MARKET OVERVIEW
6.2. MILITARY ELECTRONIC CHART DISPLAY AND INFORMATION SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. MILITARY ELECTRONIC CHART DISPLAY AND INFORMATION SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ELECTRONIC NAVIGATIONAL CHARTS (ENC)
7.3.1. Overview
7.3.2. Electronic Navigational Charts (ENC) Market Forecast and Analysis
7.4. RASTER NAVIGATIONAL CHARTS (RNC)
7.4.1. Overview
7.4.2. Raster Navigational Charts (RNC) Market Forecast and Analysis
8. MILITARY ELECTRONIC CHART DISPLAY AND INFORMATION SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - PLATFORM
8.1. OVERVIEW
8.2. PLATFORM MARKET FORECASTS AND ANALYSIS
8.3. SUBMARINES
8.3.1. Overview
8.3.2. Submarines Market Forecast and Analysis
8.4. FRIGATES
8.4.1. Overview
8.4.2. Frigates Market Forecast and Analysis
8.5. CORVETTES
8.5.1. Overview
8.5.2. Corvettes Market Forecast and Analysis
8.6. DESTROYERS
8.6.1. Overview
8.6.2. Destroyers Market Forecast and Analysis
8.7. OTHER VESSELS
8.7.1. Overview
8.7.2. Other Vessels Market Forecast and Analysis

9. MILITARY ELECTRONIC CHART DISPLAY AND INFORMATION SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Military Electronic Chart Display And Information System Market Overview
9.1.2 North America Military Electronic Chart Display And Information System Market Forecasts and Analysis
9.1.3 North America Military Electronic Chart Display And Information System Market Forecasts and Analysis - By Type
9.1.4 North America Military Electronic Chart Display And Information System Market Forecasts and Analysis - By Platform
9.1.5 North America Military Electronic Chart Display And Information System Market Forecasts and Analysis - By Countries
9.1.5.1 United States Military Electronic Chart Display And Information System Market
9.1.5.1.1 United States Military Electronic Chart Display And Information System Market by Type
9.1.5.1.2 United States Military Electronic Chart Display And Information System Market by Platform
9.1.5.2 Canada Military Electronic Chart Display And Information System Market
9.1.5.2.1 Canada Military Electronic Chart Display And Information System Market by Type
9.1.5.2.2 Canada Military Electronic Chart Display And Information System Market by Platform
9.1.5.3 Mexico Military Electronic Chart Display And Information System Market
9.1.5.3.1 Mexico Military Electronic Chart Display And Information System Market by Type
9.1.5.3.2 Mexico Military Electronic Chart Display And Information System Market by Platform
9.2. EUROPE
9.2.1 Europe Military Electronic Chart Display And Information System Market Overview
9.2.2 Europe Military Electronic Chart Display And Information System Market Forecasts and Analysis
9.2.3 Europe Military Electronic Chart Display And Information System Market Forecasts and Analysis - By Type
9.2.4 Europe Military Electronic Chart Display And Information System Market Forecasts and Analysis - By Platform
9.2.5 Europe Military Electronic Chart Display And Information System Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Military Electronic Chart Display And Information System Market
9.2.5.1.1 Germany Military Electronic Chart Display And Information System Market by Type
9.2.5.1.2 Germany Military Electronic Chart Display And Information System Market by Platform
9.2.5.2 France Military Electronic Chart Display And Information System Market
9.2.5.2.1 France Military Electronic Chart Display And Information System Market by Type
9.2.5.2.2 France Military Electronic Chart Display And Information System Market by Platform
9.2.5.3 Italy Military Electronic Chart Display And Information System Market
9.2.5.3.1 Italy Military Electronic Chart Display And Information System Market by Type
9.2.5.3.2 Italy Military Electronic Chart Display And Information System Market by Platform
9.2.5.4 United Kingdom Military Electronic Chart Display And Information System Market
9.2.5.4.1 United Kingdom Military Electronic Chart Display And Information System Market by Type
9.2.5.4.2 United Kingdom Military Electronic Chart Display And Information System Market by Platform
9.2.5.5 Russia Military Electronic Chart Display And Information System Market
9.2.5.5.1 Russia Military Electronic Chart Display And Information System Market by Type
9.2.5.5.2 Russia Military Electronic Chart Display And Information System Market by Platform
9.2.5.6 Rest of Europe Military Electronic Chart Display And Information System Market
9.2.5.6.1 Rest of Europe Military Electronic Chart Display And Information System Market by Type
9.2.5.6.2 Rest of Europe Military Electronic Chart Display And Information System Market by Platform
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Military Electronic Chart Display And Information System Market Overview
9.3.2 Asia-Pacific Military Electronic Chart Display And Information System Market Forecasts and Analysis
9.3.3 Asia-Pacific Military Electronic Chart Display And Information System Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Military Electronic Chart Display And Information System Market Forecasts and Analysis - By Platform
9.3.5 Asia-Pacific Military Electronic Chart Display And Information System Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Military Electronic Chart Display And Information System Market
9.3.5.1.1 Australia Military Electronic Chart Display And Information System Market by Type
9.3.5.1.2 Australia Military Electronic Chart Display And Information System Market by Platform
9.3.5.2 China Military Electronic Chart Display And Information System Market
9.3.5.2.1 China Military Electronic Chart Display And Information System Market by Type
9.3.5.2.2 China Military Electronic Chart Display And Information System Market by Platform
9.3.5.3 India Military Electronic Chart Display And Information System Market
9.3.5.3.1 India Military Electronic Chart Display And Information System Market by Type
9.3.5.3.2 India Military Electronic Chart Display And Information System Market by Platform
9.3.5.4 Japan Military Electronic Chart Display And Information System Market
9.3.5.4.1 Japan Military Electronic Chart Display And Information System Market by Type
9.3.5.4.2 Japan Military Electronic Chart Display And Information System Market by Platform
9.3.5.5 South Korea Military Electronic Chart Display And Information System Market
9.3.5.5.1 South Korea Military Electronic Chart Display And Information System Market by Type
9.3.5.5.2 South Korea Military Electronic Chart Display And Information System Market by Platform
9.3.5.6 Rest of Asia-Pacific Military Electronic Chart Display And Information System Market
9.3.5.6.1 Rest of Asia-Pacific Military Electronic Chart Display And Information System Market by Type
9.3.5.6.2 Rest of Asia-Pacific Military Electronic Chart Display And Information System Market by Platform
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Military Electronic Chart Display And Information System Market Overview
9.4.2 Middle East and Africa Military Electronic Chart Display And Information System Market Forecasts and Analysis
9.4.3 Middle East and Africa Military Electronic Chart Display And Information System Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Military Electronic Chart Display And Information System Market Forecasts and Analysis - By Platform
9.4.5 Middle East and Africa Military Electronic Chart Display And Information System Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Military Electronic Chart Display And Information System Market
9.4.5.1.1 South Africa Military Electronic Chart Display And Information System Market by Type
9.4.5.1.2 South Africa Military Electronic Chart Display And Information System Market by Platform
9.4.5.2 Saudi Arabia Military Electronic Chart Display And Information System Market
9.4.5.2.1 Saudi Arabia Military Electronic Chart Display And Information System Market by Type
9.4.5.2.2 Saudi Arabia Military Electronic Chart Display And Information System Market by Platform
9.4.5.3 U.A.E Military Electronic Chart Display And Information System Market
9.4.5.3.1 U.A.E Military Electronic Chart Display And Information System Market by Type
9.4.5.3.2 U.A.E Military Electronic Chart Display And Information System Market by Platform
9.4.5.4 Rest of Middle East and Africa Military Electronic Chart Display And Information System Market
9.4.5.4.1 Rest of Middle East and Africa Military Electronic Chart Display And Information System Market by Type
9.4.5.4.2 Rest of Middle East and Africa Military Electronic Chart Display And Information System Market by Platform
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Military Electronic Chart Display And Information System Market Overview
9.5.2 South and Central America Military Electronic Chart Display And Information System Market Forecasts and Analysis
9.5.3 South and Central America Military Electronic Chart Display And Information System Market Forecasts and Analysis - By Type
9.5.4 South and Central America Military Electronic Chart Display And Information System Market Forecasts and Analysis - By Platform
9.5.5 South and Central America Military Electronic Chart Display And Information System Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Military Electronic Chart Display And Information System Market
9.5.5.1.1 Brazil Military Electronic Chart Display And Information System Market by Type
9.5.5.1.2 Brazil Military Electronic Chart Display And Information System Market by Platform
9.5.5.2 Rest of South and Central America Military Electronic Chart Display And Information System Market
9.5.5.2.1 Rest of South and Central America Military Electronic Chart Display And Information System Market by Type
9.5.5.2.2 Rest of South and Central America Military Electronic Chart Display And Information System Market by Platform

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. MILITARY ELECTRONIC CHART DISPLAY AND INFORMATION SYSTEM MARKET, KEY COMPANY PROFILES
11.1. DANELEC MARINE
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. ELBIT SYSTEMS LTD.
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. HENSOLDT AG
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. KONGSBERG MARITIME
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. MARINE ELECTRONICS CO.
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. MARINE TECHNOLOGIES, LLC
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. NORTHROP GRUMMAN SPERRY MARINE B.V.
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. RAYTHEON ANSCHüTZ, A RAYTHEON TECHNOLOGIES COMPANY
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. SRH MARINE ELECTRONICS S.A.
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. YALTES
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

The List of Companies

1.DANELEC MARINE
2.Elbit Systems Ltd.
3.Hensoldt AG
4.Kongsberg Maritime
5.Marine Electronics Co.
6.Marine Technologies, LLC
7.Northrop Grumman Sperry Marine B.V.
8.Raytheon Anschütz, a Raytheon Technologies company
9.SRH Marine Electronics S.A.
10.YALTES

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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