South & Central America Aircraft MRO Market Analysis and Forecast by Size, Share, Growth, Trends 2031

South & Central America Aircraft MRO Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, and Other Components), Aircraft Type (Fixed Wing and Rotary Wing), and End Use (Commercial and Military)

  • Report Date : Oct 2025
  • Report Code : TIPRE00041329
  • Category : Aerospace and Defense
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 141

The South & Central America aircraft MRO market size is expected to reach US$ 6,475.43 million by 2031 from US$ 4,590.76 million in 2024. The market is estimated to record a CAGR of 5.4% from 2025 to 2031.

Executive Summary and South & Central America Aircraft MRO Market Analysis:

Despite the slight recession and economic crisis in Venezuela and Brazil in recent times, the South & Central American region is likely to exhibit a positive outlook toward its global business in the coming years. The IATA has directed the governments of these countries to implement smart industry regulations to ensure the right infrastructure for the growth of the aviation sector. Achieving profitability through services is a major challenge faced by airline service providers in South America. The profit earned per passenger by the South American airlines is insufficient compared with the global average.

The traffic rise of 14.4% in 2024 compared to 2023 in the Latin American aviation sector drive substantial growth in the aircraft MRO market in South America. With annual capacity increasing by 14.3% and a load factor reaching 84.8%, the highest among global regions, the demand for MRO services is surging as airlines expand their fleets to accommodate rising passenger numbers.

The future of the South American aviation sector looks promising owing to the forecast and analysis showcased by the aircraft manufacturers, namely Boeing, Airbus, and Embraer. The Brazilian defense sector is monetizing the procurement of a newer aircraft fleet, which demands enhanced MRO activities owing to the complexity of the newer fleet. The older fleet in the Brazilian defense force requires upgradation and retrofitting activities of advanced technologies. In March 2025, FL Technics' decided to join the Latin American and Caribbean Air Transport Association (ALTA) and expand its MRO network in the region. The first phase of their ambitious project will establish a 52,000-square-meter facility, including a 20,000-square-meter hangar and five maintenance bays. This infrastructure is designed to support the increasing fleet of narrow-body aircraft, which are becoming more prevalent in the region due to rising demand for air travel. The increasing count of aircraft at the airports propels the demand for aircraft MRO services to ensure safe operations.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

South & Central America Aircraft MRO Market: Strategic Insights

south-and-central-america-aircraft-mro-market
Analyst Image

Naveen

Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst
South & Central America Aircraft MRO Market Segmentation Analysis:

Key segments that contributed to the derivation of the South & Central America aircraft MRO market analysis are component, aircraft type, and end users.

  • Based on component, the South & Central America aircraft MRO market is segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The engine MRO segment held the largest share of the market in 2024.
  • Based on aircraft type, the South & Central America aircraft MRO market is bifurcated into fixed wing and rotary wing. The fixed wing segment held a larger share of the market in 2024.
  • Based on end users, the South & Central America aircraft MRO market is bifurcated into commercial and military. The commercial segment held a larger share of the market in 2024.
Market Report ScopeSouth & Central America Aircraft MRO Market Outlook

MRO services in the aviation industry play an irreplaceable role in assuring the durability, safety, and profitability of commercial and military airlines. To maintain their market position in the future, businesses should embrace flexibility in adopting new and trending technologies. This approach will help digitalize their processes, reducing reliance on human intervention. Advanced technologies such as blockchain improve processes in MRO organizations. The technology has massive potential in the MRO space. The adoption of blockchain technology has been low so far; however, soon, this technology will contribute a considerable share to the overall growth of the aircraft MRO market. With the help of blockchain technology, companies can record the configuration details of MRO components. This also makes the documentation process across component manufacturers and MRO service providers effortless. Additionally, the deployment of this technology also enables MRO service providers to offer verifiable documentation about the parts they have installed, thereby maintaining transparency in their operations. A few instances of various aircraft MRO market players opting for blockchain technology are given below.

  • In March 2021, the Government Blockchain Association and Digital Innovation Group formed a joint venture named GBA Aviation & Aerospace Working Group. This joint venture is formed to explore the use of blockchain in the aerospace and aviation sectors for MRO services, supply chains, and airports.
  • In October 2023, Lufthansa Industry Solutions announced the Blockchain initiative to increase the adoption of blockchain in the aviation industry.
  • In 2023, SITA partnered with ILS to create a new authenticity-assured parts service leveraging a blockchain-based digital passport for an expanding aftermarket in the commercial and defense aerospace industry.

Thus, aviation industry players such as aircraft manufacturers, aircraft MRO service providers, and aviation technology developers are emphasizing the adoption of blockchain technology to track their MRO processes. This factor is anticipated to stimulate the aircraft MRO market's growth in the coming years.

South & Central America Aircraft MRO Market Country Insights

Based on country, the South & Central America aircraft MRO market comprises Brazil, Argentina, and the Rest of South & Central America. Brazil held the largest share in 2024.

The recent developments in Brazil's aviation sector, highlighted by a 7.3% increase in domestic traffic in 2024, have surpassed pre-pandemic levels by 3.0%. This upward trend in passenger demand, as reported by the International Air Transport Association (IATA), indicates a robust recovery and expansion of the aviation industry, creating a favorable environment for MRO services.

In May 2024, GE Aerospace announced an investment of US$ 76.10 million to expand its Tres Rios MRO plant. This expansion is a response to the increased customer volume across the region, reflecting the demand for MRO services as airlines operate more flights and expand their fleets to accommodate the rising number of passengers. The investment will enhance the facility's capacity and capabilities, allowing it to serve the needs of airlines in Brazil better.

In August 2023, Synerjet added a new maintenance center in Goianápolis, Brazil. Therefore, the expanding aviation sector in the country and various players expanding their business in the country drive the growth of the aircraft MRO market in Brazil.

South & Central America Aircraft MRO Market Company Profiles

Some of the key players operating in the market include AAR CORP; Barnes Group Inc; GE Aerospace; FLTechnics, UAB.; Turkish Technic Inc.; Singapore Technologies Engineering Ltd; Lufthansa Technik; Delta TechOps; Rolls-Royce Holdings Plc; and Collins Aerospace, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

South & Central America Aircraft MRO Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

  • Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

  • Company websites

    , annual reports, financial statements, broker analyses, and investor presentations.
  • Industry trade journals

    and other relevant publications.
  • Government documents

    , statistical databases, and market reports.
  • News articles

    , press releases, and webcasts specific to companies operating in the market.

Note:

All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

  • Primary Research

The Insights Partners’ conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis, and gain valuable insights. These research interviews are designed to:

  • Validate and refine findings from secondary research.
  • Enhance the expertise and market understanding of the analysis team.
  • Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

  • Industry stakeholders

    : Vice Presidents, business development managers, market intelligence managers, and national sales managers
  • External experts

    : Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise
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.

1. Introduction

1.1 Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research

3.2 Primary Research

3.2.1 Hypothesis formulation:

3.2.2 Macro-economic factor analysis:

3.2.3 Developing base number:

3.2.4 Data Triangulation:

3.2.5 Country level data:

4. South & Central America Aircraft MRO Market Landscape

4.1 Overview

4.2 Porter's Five Forces Analysis

4.3 Ecosystem Analysis

4.3.1 Component Suppliers

4.3.2 MRO Service Providers

4.3.3 End Users

5. South & Central America Aircraft MRO Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Air Travel

5.1.2 Growing Integration of Digital Technology in MRO Industry

5.2 Market Restraints

5.2.1 OEMs Entering Aftermarket

5.2.2 Geopolitical Tensions

5.3 Market Opportunities

5.3.1 Retrofitting of Older Aircraft Fleet

5.3.2 Increasing Adoption of Sustainable Aviation Fuel (SAF)

5.4 Future Trends

5.4.1 Blockchain Technology Changing MRO Landscape

5.5 Impact of Drivers and Restraints:

6. Aircraft MRO Market - South & Central America Analysis

6.1 South & Central America Aircraft MRO Market Revenue (US$ Million), 2021-2031

6.2 South & Central America Aircraft MRO Market Forecast Analysis

7. South & Central America Aircraft MRO Market Analysis - by Component

7.1 Engine MRO

7.1.1 Overview

7.1.2 Engine MRO: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

7.2 Avionics MRO

7.2.1 Overview

7.2.2 Avionics MRO: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

7.3 Airframe MRO

7.3.1 Overview

7.3.2 Airframe MRO: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

7.4 Cabin MRO

7.4.1 Overview

7.4.2 Cabin MRO: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

7.5 Landing Gear MRO

7.5.1 Overview

7.5.2 Landing Gear MRO: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. South & Central America Aircraft MRO Market Analysis - by Aircraft Type

8.1 Fixed Wing

8.1.1 Overview

8.1.2 Fixed Wing: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

8.2 Rotary Wing

8.2.1 Overview

8.2.2 Rotary Wing: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. South & Central America Aircraft MRO Market Analysis - by End Users

9.1 Commercial

9.1.1 Overview

9.1.2 Commercial: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

9.2 Military

9.2.1 Overview

9.2.2 Military: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. South & Central America Aircraft MRO Market - Country Analysis

10.1 South & Central America

10.1.1 South & Central America Aircraft MRO Market - Revenue and Forecast Analysis - by Country

10.1.1.1 South & Central America Aircraft MRO Market - Revenue and Forecast Analysis - by Country

10.1.1.2 Brazil: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

10.1.1.2.1 Brazil: South & Central America Aircraft MRO Market Share - by Component

10.1.1.2.2 Brazil: South & Central America Aircraft MRO Market Share - by Aircraft Type

10.1.1.2.3 Brazil: South & Central America Aircraft MRO Market Share - by End Users

10.1.1.3 Argentina: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

10.1.1.3.1 Argentina: South & Central America Aircraft MRO Market Share - by Component

10.1.1.3.2 Argentina: South & Central America Aircraft MRO Market Share - by Aircraft Type

10.1.1.3.3 Argentina: South & Central America Aircraft MRO Market Share - by End Users

10.1.1.4 Rest of South & Central America: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

10.1.1.4.1 Rest of South & Central America: South & Central America Aircraft MRO Market Share - by Component

10.1.1.4.2 Rest of South & Central America: South & Central America Aircraft MRO Market Share - by Aircraft Type

10.1.1.4.3 Rest of South & Central America: South & Central America Aircraft MRO Market Share - by End Users

11. Competitive Landscape

11.1 Market Concentration

11.2 Company Market Share Analysis, 2024

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

13. Company Profiles

13.1 AAR CORP

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Barnes Group Inc

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 GE Aerospace

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 FLTechnics, UAB.

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Turkish Technic Inc.

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Singapore Technologies Engineering Ltd

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Lufthansa Technik

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Delta TechOps

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Rolls-Royce Holdings Plc

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Collins Aerospace

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

List of Tables

Table 1. South & Central America Aircraft MRO Market Segmentation

Table 2. Air Passenger Market in Detail (2024):

Table 3. South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

Table 4. South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million) - by Component

Table 5. South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million) - by Aircraft Type

Table 6. South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million) - by End Users

Table 7. South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million) - by Country

Table 8. Brazil: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by Component

Table 9. Brazil: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by Aircraft Type

Table 10. Brazil: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by End Users

Table 11. Argentina: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by Component

Table 12. Argentina: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by Aircraft Type

Table 13. Argentina: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by End Users

Table 14. Rest of South & Central America: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by Component

Table 15. Rest of South & Central America: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by Aircraft Type

Table 16. Rest of South & Central America: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by End Users

Table 17. Market Concentration

List of Figures

Figure 1. South & Central America Aircraft MRO Market Segmentation - Country

Figure 2. Porter's Five Forces Analysis

Figure 3. Ecosystem: Aircraft MRO Market

Figure 4. South & Central America Aircraft MRO Market - Key Market Dynamics

Figure 5. Impact Analysis of Drivers and Restraints

Figure 6. South & Central America Aircraft MRO Market Revenue (US$ Million), 2021-2031

Figure 7. South & Central America Aircraft MRO Market Share (%) - by Component (2024 and 2031)

Figure 8. Engine MRO: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

Figure 9. Avionics MRO: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

Figure 10. Airframe MRO: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

Figure 11. Cabin MRO: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

Figure 12. Landing Gear MRO: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

Figure 13. Others: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

Figure 14. South & Central America Aircraft MRO Market Share (%) - by Aircraft Type (2024 and 2031)

Figure 15. Fixed Wing: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

Figure 16. Rotary Wing: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

Figure 17. South & Central America Aircraft MRO Market Share (%) - by End Users (2024 and 2031)

Figure 18. Commercial: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

Figure 19. Military: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021-2031 (US$ Million)

Figure 20. South & Central America Aircraft MRO Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 21. Brazil: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021- 2031 (US$ Million)

Figure 22. Argentina: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021- 2031 (US$ Million)

Figure 23. Rest of South & Central America: South & Central America Aircraft MRO Market - Revenue and Forecast, 2021- 2031 (US$ Million)

Figure 24. Company Market Share Analysis, 2024

Your Key Concerns Addressed - Question & Answer
Can I view a sample of the report before purchasing?

Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.

Is analyst support included with the purchase?

Absolutely - analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.

What are the next steps once I place an order?

Once your order is successfully placed, you will receive a confirmation email along with your invoice.

• For published reports: You'll receive access to the report within 4-6 working hours via a secured email sent to your email.
• For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.

Can the report be tailored to suit my specific needs?

We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we'll be happy to provide a customized proposal or scope.

In what format is the report delivered?

The report is available in either PDF format or as an Excel dataset, depending on the license you choose.

The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
Please review the license options at checkout or contact us to confirm which formats are included with your purchase.

How secure is the payment process on your platform?

Our payment process is fully secure and PCI-DSS compliant.

We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
You can make your purchase with confidence, knowing your personal and financial information is safe with us.

Do you provide special pricing for buying multiple reports?

Yes, we do offer special pricing for bulk purchases.
If you're interested in purchasing multiple reports, we're happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you're considering, and we'll share a personalized quote.

Can I connect with your team to discuss the report before buying?

Yes, absolutely.
Our team is available to help you make an informed decision. Whether you have questions about the report's scope, methodology, customization options, or which license suits you best, we're here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.

Will I get a billing invoice upon purchase?

Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we'll be happy to assist.

Is there support available if I can't access my report?

Yes, certainly.
If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we'll ensure the issue is resolved quickly so you can access your report without interruption.

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.