Aircraft Biometrics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Aircraft Biometrics Market covers analysis by Components (Hardware, Software); Biometric Type (Facial Recognition, Fingerprint Recognition, Iris Recognition, Others); Application (Check-In, Security Screening, Airline Lounge, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00005567
  • Category : Aerospace and Defense
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION
The development of automated technologies for the measurement and evaluation of physical as well as behavioral characteristics of the passengers the airport authority is adopting the advanced biometric system. The rising number of smart airports across the developed countries as well as in the developing countries is leading the airport biometric market.

MARKET DYNAMICS
The significant drivers of the airport biometric market are the growing concerns over internal and external security of the airport. The increasing adoption of advanced technology such as multimodal biometrics technology globally is creating an opportunity for the airport biometric market in the forecast period. The airport biometric market is likely to showcase enormous opportunities for the markets and growing awareness among the users.

MARKET SCOPE
The "Global Airport Biometric Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of airport biometric market with detailed market segmentation by component, biometric type, application and geography. The global airport biometric market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading airport biometric market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
The global airport biometric market is segmented on the component, biometric type and application. Based on component, the market is segmented as hardware and software. On the basis of biometric type the market is sub-segmented into facial recognition, fingerprint recognition, iris recognition and others. Similarly, based on application segment if fragmented into check-in, security screening, airline lounge, others. 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 airport biometric market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The airport biometric 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 airport biometric 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 & Central America after evaluating political, economic, social and technological factors effecting the airport biometrics 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 airport biometric market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The airport biometric 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 airport biometric 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 & Central America after evaluating political, economic, social and technological factors effecting the airport biometrics market in these regions.

MARKET PLAYERS
The reports cover key developments in the airport biometric 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 airport biometric market are anticipated to lucrative growth opportunities in the future with the rising demand for airport biometric in the global market. Below mentioned is the list of few companies engaged in the airport biometric market.

The report also includes the profiles of key airport biometric 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.
  • Aware Inc.
  • Collins Aerospace
  • FUJITSU
  • IDEMIA
  • Iris ID, Inc.
  • Materna Information & Communications SE
  • NEC Corporation
  • Precise Biometrics AB
  • Princeton Identity
  • Thales Group
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 Aircraft Biometrics Market - By Components
1.3.2 Aircraft Biometrics Market - By Biometric Type
1.3.3 Aircraft Biometrics Market - By Application
1.3.4 Aircraft Biometrics Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. AIRCRAFT BIOMETRICS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. AIRCRAFT BIOMETRICS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC

6. AIRCRAFT BIOMETRICS MARKET - GLOBAL MARKET ANALYSIS
6.1. AIRCRAFT BIOMETRICS - GLOBAL MARKET OVERVIEW
6.2. AIRCRAFT BIOMETRICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. AIRCRAFT BIOMETRICS MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENTS
7.1. OVERVIEW
7.2. COMPONENTS 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. AIRCRAFT BIOMETRICS MARKET - REVENUE AND FORECASTS TO 2028 - BIOMETRIC TYPE
8.1. OVERVIEW
8.2. BIOMETRIC TYPE MARKET FORECASTS AND ANALYSIS
8.3. FACIAL RECOGNITION
8.3.1. Overview
8.3.2. Facial Recognition Market Forecast and Analysis
8.4. FINGERPRINT RECOGNITION
8.4.1. Overview
8.4.2. Fingerprint Recognition Market Forecast and Analysis
8.5. IRIS RECOGNITION
8.5.1. Overview
8.5.2. Iris Recognition Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. AIRCRAFT BIOMETRICS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. CHECK-IN
9.3.1. Overview
9.3.2. Check-In Market Forecast and Analysis
9.4. SECURITY SCREENING
9.4.1. Overview
9.4.2. Security Screening Market Forecast and Analysis
9.5. AIRLINE LOUNGE
9.5.1. Overview
9.5.2. Airline Lounge Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis

10. AIRCRAFT BIOMETRICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Aircraft Biometrics Market Overview
10.1.2 North America Aircraft Biometrics Market Forecasts and Analysis
10.1.3 North America Aircraft Biometrics Market Forecasts and Analysis - By Components
10.1.4 North America Aircraft Biometrics Market Forecasts and Analysis - By Biometric Type
10.1.5 North America Aircraft Biometrics Market Forecasts and Analysis - By Application
10.1.6 North America Aircraft Biometrics Market Forecasts and Analysis - By Countries
10.1.6.1 United States Aircraft Biometrics Market
10.1.6.1.1 United States Aircraft Biometrics Market by Components
10.1.6.1.2 United States Aircraft Biometrics Market by Biometric Type
10.1.6.1.3 United States Aircraft Biometrics Market by Application
10.1.6.2 Canada Aircraft Biometrics Market
10.1.6.2.1 Canada Aircraft Biometrics Market by Components
10.1.6.2.2 Canada Aircraft Biometrics Market by Biometric Type
10.1.6.2.3 Canada Aircraft Biometrics Market by Application
10.1.6.3 Mexico Aircraft Biometrics Market
10.1.6.3.1 Mexico Aircraft Biometrics Market by Components
10.1.6.3.2 Mexico Aircraft Biometrics Market by Biometric Type
10.1.6.3.3 Mexico Aircraft Biometrics Market by Application
10.2. EUROPE
10.2.1 Europe Aircraft Biometrics Market Overview
10.2.2 Europe Aircraft Biometrics Market Forecasts and Analysis
10.2.3 Europe Aircraft Biometrics Market Forecasts and Analysis - By Components
10.2.4 Europe Aircraft Biometrics Market Forecasts and Analysis - By Biometric Type
10.2.5 Europe Aircraft Biometrics Market Forecasts and Analysis - By Application
10.2.6 Europe Aircraft Biometrics Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Aircraft Biometrics Market
10.2.6.1.1 Germany Aircraft Biometrics Market by Components
10.2.6.1.2 Germany Aircraft Biometrics Market by Biometric Type
10.2.6.1.3 Germany Aircraft Biometrics Market by Application
10.2.6.2 France Aircraft Biometrics Market
10.2.6.2.1 France Aircraft Biometrics Market by Components
10.2.6.2.2 France Aircraft Biometrics Market by Biometric Type
10.2.6.2.3 France Aircraft Biometrics Market by Application
10.2.6.3 Italy Aircraft Biometrics Market
10.2.6.3.1 Italy Aircraft Biometrics Market by Components
10.2.6.3.2 Italy Aircraft Biometrics Market by Biometric Type
10.2.6.3.3 Italy Aircraft Biometrics Market by Application
10.2.6.4 United Kingdom Aircraft Biometrics Market
10.2.6.4.1 United Kingdom Aircraft Biometrics Market by Components
10.2.6.4.2 United Kingdom Aircraft Biometrics Market by Biometric Type
10.2.6.4.3 United Kingdom Aircraft Biometrics Market by Application
10.2.6.5 Russia Aircraft Biometrics Market
10.2.6.5.1 Russia Aircraft Biometrics Market by Components
10.2.6.5.2 Russia Aircraft Biometrics Market by Biometric Type
10.2.6.5.3 Russia Aircraft Biometrics Market by Application
10.2.6.6 Rest of Europe Aircraft Biometrics Market
10.2.6.6.1 Rest of Europe Aircraft Biometrics Market by Components
10.2.6.6.2 Rest of Europe Aircraft Biometrics Market by Biometric Type
10.2.6.6.3 Rest of Europe Aircraft Biometrics Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Aircraft Biometrics Market Overview
10.3.2 Asia-Pacific Aircraft Biometrics Market Forecasts and Analysis
10.3.3 Asia-Pacific Aircraft Biometrics Market Forecasts and Analysis - By Components
10.3.4 Asia-Pacific Aircraft Biometrics Market Forecasts and Analysis - By Biometric Type
10.3.5 Asia-Pacific Aircraft Biometrics Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Aircraft Biometrics Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Aircraft Biometrics Market
10.3.6.1.1 Australia Aircraft Biometrics Market by Components
10.3.6.1.2 Australia Aircraft Biometrics Market by Biometric Type
10.3.6.1.3 Australia Aircraft Biometrics Market by Application
10.3.6.2 China Aircraft Biometrics Market
10.3.6.2.1 China Aircraft Biometrics Market by Components
10.3.6.2.2 China Aircraft Biometrics Market by Biometric Type
10.3.6.2.3 China Aircraft Biometrics Market by Application
10.3.6.3 India Aircraft Biometrics Market
10.3.6.3.1 India Aircraft Biometrics Market by Components
10.3.6.3.2 India Aircraft Biometrics Market by Biometric Type
10.3.6.3.3 India Aircraft Biometrics Market by Application
10.3.6.4 Japan Aircraft Biometrics Market
10.3.6.4.1 Japan Aircraft Biometrics Market by Components
10.3.6.4.2 Japan Aircraft Biometrics Market by Biometric Type
10.3.6.4.3 Japan Aircraft Biometrics Market by Application
10.3.6.5 South Korea Aircraft Biometrics Market
10.3.6.5.1 South Korea Aircraft Biometrics Market by Components
10.3.6.5.2 South Korea Aircraft Biometrics Market by Biometric Type
10.3.6.5.3 South Korea Aircraft Biometrics Market by Application
10.3.6.6 Rest of Asia-Pacific Aircraft Biometrics Market
10.3.6.6.1 Rest of Asia-Pacific Aircraft Biometrics Market by Components
10.3.6.6.2 Rest of Asia-Pacific Aircraft Biometrics Market by Biometric Type
10.3.6.6.3 Rest of Asia-Pacific Aircraft Biometrics Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Aircraft Biometrics Market Overview
10.4.2 Middle East and Africa Aircraft Biometrics Market Forecasts and Analysis
10.4.3 Middle East and Africa Aircraft Biometrics Market Forecasts and Analysis - By Components
10.4.4 Middle East and Africa Aircraft Biometrics Market Forecasts and Analysis - By Biometric Type
10.4.5 Middle East and Africa Aircraft Biometrics Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Aircraft Biometrics Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Aircraft Biometrics Market
10.4.6.1.1 South Africa Aircraft Biometrics Market by Components
10.4.6.1.2 South Africa Aircraft Biometrics Market by Biometric Type
10.4.6.1.3 South Africa Aircraft Biometrics Market by Application
10.4.6.2 Saudi Arabia Aircraft Biometrics Market
10.4.6.2.1 Saudi Arabia Aircraft Biometrics Market by Components
10.4.6.2.2 Saudi Arabia Aircraft Biometrics Market by Biometric Type
10.4.6.2.3 Saudi Arabia Aircraft Biometrics Market by Application
10.4.6.3 U.A.E Aircraft Biometrics Market
10.4.6.3.1 U.A.E Aircraft Biometrics Market by Components
10.4.6.3.2 U.A.E Aircraft Biometrics Market by Biometric Type
10.4.6.3.3 U.A.E Aircraft Biometrics Market by Application
10.4.6.4 Rest of Middle East and Africa Aircraft Biometrics Market
10.4.6.4.1 Rest of Middle East and Africa Aircraft Biometrics Market by Components
10.4.6.4.2 Rest of Middle East and Africa Aircraft Biometrics Market by Biometric Type
10.4.6.4.3 Rest of Middle East and Africa Aircraft Biometrics Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Aircraft Biometrics Market Overview
10.5.2 South and Central America Aircraft Biometrics Market Forecasts and Analysis
10.5.3 South and Central America Aircraft Biometrics Market Forecasts and Analysis - By Components
10.5.4 South and Central America Aircraft Biometrics Market Forecasts and Analysis - By Biometric Type
10.5.5 South and Central America Aircraft Biometrics Market Forecasts and Analysis - By Application
10.5.6 South and Central America Aircraft Biometrics Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Aircraft Biometrics Market
10.5.6.1.1 Brazil Aircraft Biometrics Market by Components
10.5.6.1.2 Brazil Aircraft Biometrics Market by Biometric Type
10.5.6.1.3 Brazil Aircraft Biometrics Market by Application
10.5.6.2 Argentina Aircraft Biometrics Market
10.5.6.2.1 Argentina Aircraft Biometrics Market by Components
10.5.6.2.2 Argentina Aircraft Biometrics Market by Biometric Type
10.5.6.2.3 Argentina Aircraft Biometrics Market by Application
10.5.6.3 Rest of South and Central America Aircraft Biometrics Market
10.5.6.3.1 Rest of South and Central America Aircraft Biometrics Market by Components
10.5.6.3.2 Rest of South and Central America Aircraft Biometrics Market by Biometric Type
10.5.6.3.3 Rest of South and Central America Aircraft Biometrics Market by Application

11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12. AIRCRAFT BIOMETRICS MARKET, KEY COMPANY PROFILES
12.1. AWARE 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. COLLINS AEROSPACE
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. FUJITSU
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. IDEMIA
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. IRIS ID, INC.
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. MATERNA INFORMATION COMMUNICATIONS SE
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. NEC CORPORATION
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. PRECISE BIOMETRICS AB
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. PRINCETON IDENTITY
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. THALES GROUP
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments

13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies

1.Aware Inc.
2.Collins Aerospace
3.FUJITSU
4.IDEMIA
5.Iris ID, Inc.
6.Materna Information Communications SE
7.NEC Corporation
8.Precise Biometrics AB
9.Princeton Identity
10.Thales Group

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

  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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