Naval Navigation and Communication Systems Market Analysis and Forecast by 2031

Coverage: Naval Navigation and Communication Systems Market covers analysis By System (Navigation, Communication); Platform (Submarines, Surface Ships, Unmanned Systems) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00017101
  • Category : Aerospace and Defense
  • No. of Pages : 150
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The Naval Navigation and Communication Systems Market is expected to register a CAGR of 6.6% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The market is segmented into by System, and Platform. The System segment is divided into Navigation, Communication. Based on Platform, the global Naval Navigation and Communication System market is segmented into Submarines, Surface Ships, Unmanned Systems.

Purpose of the Report

The report Naval Navigation and Communication Systems 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.

Naval Navigation and Communication Systems Market Segmentation

System
  • Navigation
  • Communication
Platform
  • Submarines
  • Surface Ships
  • Unmanned Systems

Strategic Insights

Naval Navigation and Communication Systems Market Growth Drivers
  • Increasing Maritime Security Concerns: The growing emphasis on maritime security due to geopolitical tensions, piracy, and territorial disputes is a significant driver for the naval navigation and communication systems market. Nations are investing in advanced navigation and communication technologies to enhance their naval capabilities and ensure the safety of their maritime interests. This demand is particularly evident in regions with high naval activity, leading to increased procurement of sophisticated systems that can improve situational awareness, command and control, and operational effectiveness.
  • Integration of Communication Systems for Enhanced Coordination: The need for effective communication systems to improve coordination and interoperability among naval forces is a key driver in the market. Modern naval operations require seamless communication between ships, aircraft, and shore-based command centers. As naval forces increasingly rely on network-centric warfare strategies, there is a growing demand for advanced communication systems that provide secure, reliable, and high-bandwidth connectivity. This demand is leading to investments in satellite communications, secure radio systems, and integrated communication networks.
Naval Navigation and Communication Systems Market Future Trends
  • Shift Towards Integrated Systems: A prominent trend in the naval navigation and communication systems market is the shift towards integrated solutions that combine navigation, communication, and information management capabilities. Integrated systems enhance situational awareness by providing a comprehensive view of naval operations, enabling better decision-making and coordination. This trend is driven by the need for more efficient and streamlined operations in complex maritime environments, where information from various sources must be consolidated for effective command and control.
  • Adoption of Satellite-Based Navigation and Communication: There is a growing trend towards the adoption of satellite-based navigation and communication systems in naval operations. Satellite communications (SATCOM) provide reliable connectivity over vast distances, enabling real-time data exchange and situational awareness even in remote areas of operation. Additionally, satellite-based navigation systems enhance precision and reliability, critical for modern naval missions. This trend is particularly important for naval forces operating in global waters, where traditional communication methods may be insufficient.
Naval Navigation and Communication Systems Market Opportunities
  • Development of Advanced Autonomous Systems: The growing interest in autonomous vessels and unmanned systems presents significant opportunities in the naval navigation and communication systems market. As navies explore the use of unmanned surface vessels (USVs) and unmanned aerial vehicles (UAVs) for various missions, there is a need for advanced navigation and communication systems that can operate autonomously. Companies that focus on developing innovative solutions for autonomous navigation and communication will find substantial market potential as militaries integrate these technologies into their fleets.
  • Emphasis on Cybersecurity: With the increasing reliance on digital technologies, there is a heightened emphasis on cybersecurity within the naval navigation and communication systems market. As naval forces adopt advanced communication networks and automated systems, the risk of cyber threats becomes more pronounced. Consequently, defense organizations are prioritizing the implementation of robust cybersecurity measures to protect sensitive information and ensure the integrity of navigation and communication systems. This trend is driving investments in secure communication protocols, encryption technologies, and cyber defense capabilities.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Naval Navigation and Communication Systems 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 Naval Navigation and Communication Systems 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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Report Coverage
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Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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Regional Scope
Regional Scope

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

Country Scope
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Frequently Asked Questions


What are the deliverable formats of the Naval Navigation and Communication System market report?

The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.

What are the options available for the customization of this report?

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.

Which are the leading players operating in the Naval Navigation and Communication System market

Danelec Marine A/S,FLIR Systems, Inc,Honeywell International Inc.,Kongsberg Gruppen ASA,Northrop Grumman Corporation,Periskal Group,Raytheon Technologies Corporation,Safran,Thales Group,BAE System plc,Elbit Systems Ltd.

What are the driving factors impacting the Naval Navigation and Communication System market?

The major factors driving the Naval Navigation and Communication Systemmarket are: Surging Maritime Security Concerns

What is the expected CAGR of the Naval Navigation and Communication Systems Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By System (Navigation, Communication); Platform (Submarines, Surface Ships, Unmanned Systems) , and Geography (North America, Europe, Asia Pacific, and South and Central America)?

The Naval Navigation and Communication Systems Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By System (Navigation, Communication); Platform (Submarines, Surface Ships, Unmanned Systems) , and Geography (North America, Europe, Asia Pacific, and South and Central America) is estimated to witness a CAGR of 6.6% from 2023 to 2031

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 Naval Navigation And Communication Systems Market - By System
1.3.2 Naval Navigation And Communication Systems Market - By Platform
1.3.3 Naval Navigation And Communication Systems Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. NAVAL NAVIGATION AND COMMUNICATION SYSTEMS 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. NAVAL NAVIGATION AND COMMUNICATION SYSTEMS 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. NAVAL NAVIGATION AND COMMUNICATION SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. NAVAL NAVIGATION AND COMMUNICATION SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. NAVAL NAVIGATION AND COMMUNICATION SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. NAVAL NAVIGATION AND COMMUNICATION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - SYSTEM
7.1. OVERVIEW
7.2. SYSTEM MARKET FORECASTS AND ANALYSIS
7.3. NAVIGATION
7.3.1. Overview
7.3.2. Navigation Market Forecast and Analysis
7.4. COMMUNICATION
7.4.1. Overview
7.4.2. Communication Market Forecast and Analysis
8. NAVAL NAVIGATION AND COMMUNICATION SYSTEMS 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. SURFACE SHIPS
8.4.1. Overview
8.4.2. Surface Ships Market Forecast and Analysis
8.5. UNMANNED SYSTEMS
8.5.1. Overview
8.5.2. Unmanned Systems Market Forecast and Analysis

9. NAVAL NAVIGATION AND COMMUNICATION SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Naval Navigation And Communication Systems Market Overview
9.1.2 North America Naval Navigation And Communication Systems Market Forecasts and Analysis
9.1.3 North America Naval Navigation And Communication Systems Market Forecasts and Analysis - By System
9.1.4 North America Naval Navigation And Communication Systems Market Forecasts and Analysis - By Platform
9.1.5 North America Naval Navigation And Communication Systems Market Forecasts and Analysis - By Countries
9.1.5.1 United States Naval Navigation And Communication Systems Market
9.1.5.1.1 United States Naval Navigation And Communication Systems Market by System
9.1.5.1.2 United States Naval Navigation And Communication Systems Market by Platform
9.1.5.2 Canada Naval Navigation And Communication Systems Market
9.1.5.2.1 Canada Naval Navigation And Communication Systems Market by System
9.1.5.2.2 Canada Naval Navigation And Communication Systems Market by Platform
9.1.5.3 Mexico Naval Navigation And Communication Systems Market
9.1.5.3.1 Mexico Naval Navigation And Communication Systems Market by System
9.1.5.3.2 Mexico Naval Navigation And Communication Systems Market by Platform
9.2. EUROPE
9.2.1 Europe Naval Navigation And Communication Systems Market Overview
9.2.2 Europe Naval Navigation And Communication Systems Market Forecasts and Analysis
9.2.3 Europe Naval Navigation And Communication Systems Market Forecasts and Analysis - By System
9.2.4 Europe Naval Navigation And Communication Systems Market Forecasts and Analysis - By Platform
9.2.5 Europe Naval Navigation And Communication Systems Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Naval Navigation And Communication Systems Market
9.2.5.1.1 Germany Naval Navigation And Communication Systems Market by System
9.2.5.1.2 Germany Naval Navigation And Communication Systems Market by Platform
9.2.5.2 France Naval Navigation And Communication Systems Market
9.2.5.2.1 France Naval Navigation And Communication Systems Market by System
9.2.5.2.2 France Naval Navigation And Communication Systems Market by Platform
9.2.5.3 Italy Naval Navigation And Communication Systems Market
9.2.5.3.1 Italy Naval Navigation And Communication Systems Market by System
9.2.5.3.2 Italy Naval Navigation And Communication Systems Market by Platform
9.2.5.4 United Kingdom Naval Navigation And Communication Systems Market
9.2.5.4.1 United Kingdom Naval Navigation And Communication Systems Market by System
9.2.5.4.2 United Kingdom Naval Navigation And Communication Systems Market by Platform
9.2.5.5 Russia Naval Navigation And Communication Systems Market
9.2.5.5.1 Russia Naval Navigation And Communication Systems Market by System
9.2.5.5.2 Russia Naval Navigation And Communication Systems Market by Platform
9.2.5.6 Rest of Europe Naval Navigation And Communication Systems Market
9.2.5.6.1 Rest of Europe Naval Navigation And Communication Systems Market by System
9.2.5.6.2 Rest of Europe Naval Navigation And Communication Systems Market by Platform
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Naval Navigation And Communication Systems Market Overview
9.3.2 Asia-Pacific Naval Navigation And Communication Systems Market Forecasts and Analysis
9.3.3 Asia-Pacific Naval Navigation And Communication Systems Market Forecasts and Analysis - By System
9.3.4 Asia-Pacific Naval Navigation And Communication Systems Market Forecasts and Analysis - By Platform
9.3.5 Asia-Pacific Naval Navigation And Communication Systems Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Naval Navigation And Communication Systems Market
9.3.5.1.1 Australia Naval Navigation And Communication Systems Market by System
9.3.5.1.2 Australia Naval Navigation And Communication Systems Market by Platform
9.3.5.2 China Naval Navigation And Communication Systems Market
9.3.5.2.1 China Naval Navigation And Communication Systems Market by System
9.3.5.2.2 China Naval Navigation And Communication Systems Market by Platform
9.3.5.3 India Naval Navigation And Communication Systems Market
9.3.5.3.1 India Naval Navigation And Communication Systems Market by System
9.3.5.3.2 India Naval Navigation And Communication Systems Market by Platform
9.3.5.4 Japan Naval Navigation And Communication Systems Market
9.3.5.4.1 Japan Naval Navigation And Communication Systems Market by System
9.3.5.4.2 Japan Naval Navigation And Communication Systems Market by Platform
9.3.5.5 South Korea Naval Navigation And Communication Systems Market
9.3.5.5.1 South Korea Naval Navigation And Communication Systems Market by System
9.3.5.5.2 South Korea Naval Navigation And Communication Systems Market by Platform
9.3.5.6 Rest of Asia-Pacific Naval Navigation And Communication Systems Market
9.3.5.6.1 Rest of Asia-Pacific Naval Navigation And Communication Systems Market by System
9.3.5.6.2 Rest of Asia-Pacific Naval Navigation And Communication Systems Market by Platform
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Naval Navigation And Communication Systems Market Overview
9.4.2 Middle East and Africa Naval Navigation And Communication Systems Market Forecasts and Analysis
9.4.3 Middle East and Africa Naval Navigation And Communication Systems Market Forecasts and Analysis - By System
9.4.4 Middle East and Africa Naval Navigation And Communication Systems Market Forecasts and Analysis - By Platform
9.4.5 Middle East and Africa Naval Navigation And Communication Systems Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Naval Navigation And Communication Systems Market
9.4.5.1.1 South Africa Naval Navigation And Communication Systems Market by System
9.4.5.1.2 South Africa Naval Navigation And Communication Systems Market by Platform
9.4.5.2 Saudi Arabia Naval Navigation And Communication Systems Market
9.4.5.2.1 Saudi Arabia Naval Navigation And Communication Systems Market by System
9.4.5.2.2 Saudi Arabia Naval Navigation And Communication Systems Market by Platform
9.4.5.3 U.A.E Naval Navigation And Communication Systems Market
9.4.5.3.1 U.A.E Naval Navigation And Communication Systems Market by System
9.4.5.3.2 U.A.E Naval Navigation And Communication Systems Market by Platform
9.4.5.4 Rest of Middle East and Africa Naval Navigation And Communication Systems Market
9.4.5.4.1 Rest of Middle East and Africa Naval Navigation And Communication Systems Market by System
9.4.5.4.2 Rest of Middle East and Africa Naval Navigation And Communication Systems Market by Platform
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Naval Navigation And Communication Systems Market Overview
9.5.2 South and Central America Naval Navigation And Communication Systems Market Forecasts and Analysis
9.5.3 South and Central America Naval Navigation And Communication Systems Market Forecasts and Analysis - By System
9.5.4 South and Central America Naval Navigation And Communication Systems Market Forecasts and Analysis - By Platform
9.5.5 South and Central America Naval Navigation And Communication Systems Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Naval Navigation And Communication Systems Market
9.5.5.1.1 Brazil Naval Navigation And Communication Systems Market by System
9.5.5.1.2 Brazil Naval Navigation And Communication Systems Market by Platform
9.5.5.2 Rest of South and Central America Naval Navigation And Communication Systems Market
9.5.5.2.1 Rest of South and Central America Naval Navigation And Communication Systems Market by System
9.5.5.2.2 Rest of South and Central America Naval Navigation And Communication Systems 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. NAVAL NAVIGATION AND COMMUNICATION SYSTEMS MARKET, KEY COMPANY PROFILES
11.1. DANELEC MARINE A/S
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. FLIR SYSTEMS, INC
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. HONEYWELL INTERNATIONAL INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. KONGSBERG GRUPPEN ASA
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. NORTHROP GRUMMAN CORPORATION
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. PERISKAL GROUP
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. RAYTHEON TECHNOLOGIES CORPORATION
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. SAFRAN
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. THALES GROUP
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. WäRTSILä
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 A/S
2. FLIR Systems, Inc
3. Honeywell International Inc.
4. Kongsberg Gruppen ASA
5. Northrop Grumman Corporation
6. Periskal Group
7. Raytheon Technologies Corporation
8. Safran
9. Thales Group
10. Wärtsilä

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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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