Aircraft Door Latches ensure that the aircraft doors do not open inadvertently during the flight. The door latching can be done in the form of a hook or bolt, usually activated by a lever or D-ring. These systems allow for one or two internal door handles for the passengers for locking the door and opening it from inside the aircraft. Major players in the global aircraft door latches market offer a diverse range of latches for different requirements in the aircraft which include hook latches, flush handles, hold down, pin latches, tension shear, Outer V Band, and more. The market is essentially driven by the growth of passenger airlines and freighter aircrafts worldwide and introduction of new aircraft in their fleet.
MARKET SCOPE
The "Global Aircraft Door Latches 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 Aircraft Door Latches market with detailed market segmentation by type, door type, end user, and geography. The global Aircraft Door Latches market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Aircraft Door Latches market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on Type, the global Aircraft Door Latches market is segmented into Hook Latches, Flush Handles, Hold Down, Pin Latches, Tension Shear, Pressure Relief, and Others.
- On the basis of door type, the market is segmented into passenger doors, emergency doors, service access doors, cargo doors, and others.
- On the basis of end user, the market is bifurcated into commercial and military.
MARKET DYNAMICS
Drivers:
- Essential component for flight safety and operations
- Huge demand from commercial airlines
- Retrofitting of old aircraft in service
Restraints:
- Slow growth of the technology
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Aircraft Door Latches market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting 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 the factors affecting the Aircraft Door Latches market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT DOOR LATCHES MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The disruption in supply chain and restrictions on air travel left an impact on the aerospace industry through till 2021. In 2020, there was a decline in the production volume, as well as demand, of commercial aircrafts, due to which the demand for aircraft door latches market has been severely affected. For instance, customers of Boeing canceled more than 650 aircraft orders in 2020. The delivery of 157 planes by Boeing in 2020, was the lowest since 1984, which signifies a drastic impact on the aircraft manufacturer's operations and sales during the peak of the pandemic.
However, demand for products such as Aircraft door latches and related systems remains unaffected in the military domain as the budgets for military related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense. For example, in September 2021, The Indian government on signed a procurement request for 56 C295 transport aircraft from Airbus Defense and Space in Spain, under which 40 military planes are to be manufactured in India by local giant Tata Group. Therefore, after experience a steep slump in the growth, the aircraft door latches market is regaining momentum during the second half of 2021.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Aircraft Door Latches market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting 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 the factors affecting the Aircraft Door Latches market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT DOOR LATCHES MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The disruption in supply chain and restrictions on air travel left an impact on the aerospace industry through till 2021. In 2020, there was a decline in the production volume, as well as demand, of commercial aircrafts, due to which the demand for aircraft door latches market has been severely affected. For instance, customers of Boeing canceled more than 650 aircraft orders in 2020. The delivery of 157 planes by Boeing in 2020, was the lowest since 1984, which signifies a drastic impact on the aircraft manufacturer's operations and sales during the peak of the pandemic.
However, demand for products such as Aircraft door latches and related systems remains unaffected in the military domain as the budgets for military related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense. For example, in September 2021, The Indian government on signed a procurement request for 56 C295 transport aircraft from Airbus Defense and Space in Spain, under which 40 military planes are to be manufactured in India by local giant Tata Group. Therefore, after experience a steep slump in the growth, the aircraft door latches market is regaining momentum during the second half of 2021.
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MARKET PLAYERS
The report covers key developments in the Aircraft Door Latches 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 and collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Aircraft Door Latches market are anticipated to lucrative growth opportunities in the future with the rising demand for Aircraft Door Latches in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Aircraft Door Latches market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Adams Rite Aerospace Inc
- Hartwell Corporation
- Inteva Products
- Ancra International
- LISI AEROSPACE
- AIRFORMS Inc.
- Actron Manufacturing
- Hendricks Manufacturing, Inc.
- Aircraft Spruce
- Actron Manufacturing Inc.
- 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
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Aircraft Door Latches Market - By Type
1.3.2 Aircraft Door Latches Market - By Door Type
1.3.3 Aircraft Door Latches Market - By End User
1.3.4 Aircraft Door Latches Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AIRCRAFT DOOR LATCHES 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. AIRCRAFT DOOR LATCHES 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. AIRCRAFT DOOR LATCHES MARKET - GLOBAL MARKET ANALYSIS
6.1. AIRCRAFT DOOR LATCHES - GLOBAL MARKET OVERVIEW
6.2. AIRCRAFT DOOR LATCHES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. AIRCRAFT DOOR LATCHES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. HOOK LATCHES
7.3.1. Overview
7.3.2. Hook Latches Market Forecast and Analysis
7.4. FLUSH HANDLES
7.4.1. Overview
7.4.2. Flush Handles Market Forecast and Analysis
7.5. HOLD DOWN
7.5.1. Overview
7.5.2. Hold Down Market Forecast and Analysis
7.6. PIN LATCHES
7.6.1. Overview
7.6.2. Pin Latches Market Forecast and Analysis
7.7. TENSION SHEAR
7.7.1. Overview
7.7.2. Tension Shear Market Forecast and Analysis
7.8. PRESSURE RELIEF
7.8.1. Overview
7.8.2. Pressure Relief Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. AIRCRAFT DOOR LATCHES MARKET - REVENUE AND FORECASTS TO 2028 - DOOR TYPE
8.1. OVERVIEW
8.2. DOOR TYPE MARKET FORECASTS AND ANALYSIS
8.3. PASSENGER DOORS
8.3.1. Overview
8.3.2. Passenger Doors Market Forecast and Analysis
8.4. EMERGENCY DOORS
8.4.1. Overview
8.4.2. Emergency Doors Market Forecast and Analysis
8.5. SERVICE ACCESS DOORS
8.5.1. Overview
8.5.2. Service Access Doors Market Forecast and Analysis
8.6. CARGO DOORS
8.6.1. Overview
8.6.2. Cargo Doors Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. AIRCRAFT DOOR LATCHES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. COMMERCIAL
9.3.1. Overview
9.3.2. Commercial Market Forecast and Analysis
9.4. MILITARY
9.4.1. Overview
9.4.2. Military Market Forecast and Analysis
10. AIRCRAFT DOOR LATCHES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Aircraft Door Latches Market Overview
10.1.2 North America Aircraft Door Latches Market Forecasts and Analysis
10.1.3 North America Aircraft Door Latches Market Forecasts and Analysis - By Type
10.1.4 North America Aircraft Door Latches Market Forecasts and Analysis - By Door Type
10.1.5 North America Aircraft Door Latches Market Forecasts and Analysis - By End User
10.1.6 North America Aircraft Door Latches Market Forecasts and Analysis - By Countries
10.1.6.1 United States Aircraft Door Latches Market
10.1.6.1.1 United States Aircraft Door Latches Market by Type
10.1.6.1.2 United States Aircraft Door Latches Market by Door Type
10.1.6.1.3 United States Aircraft Door Latches Market by End User
10.1.6.2 Canada Aircraft Door Latches Market
10.1.6.2.1 Canada Aircraft Door Latches Market by Type
10.1.6.2.2 Canada Aircraft Door Latches Market by Door Type
10.1.6.2.3 Canada Aircraft Door Latches Market by End User
10.1.6.3 Mexico Aircraft Door Latches Market
10.1.6.3.1 Mexico Aircraft Door Latches Market by Type
10.1.6.3.2 Mexico Aircraft Door Latches Market by Door Type
10.1.6.3.3 Mexico Aircraft Door Latches Market by End User
10.2. EUROPE
10.2.1 Europe Aircraft Door Latches Market Overview
10.2.2 Europe Aircraft Door Latches Market Forecasts and Analysis
10.2.3 Europe Aircraft Door Latches Market Forecasts and Analysis - By Type
10.2.4 Europe Aircraft Door Latches Market Forecasts and Analysis - By Door Type
10.2.5 Europe Aircraft Door Latches Market Forecasts and Analysis - By End User
10.2.6 Europe Aircraft Door Latches Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Aircraft Door Latches Market
10.2.6.1.1 Germany Aircraft Door Latches Market by Type
10.2.6.1.2 Germany Aircraft Door Latches Market by Door Type
10.2.6.1.3 Germany Aircraft Door Latches Market by End User
10.2.6.2 France Aircraft Door Latches Market
10.2.6.2.1 France Aircraft Door Latches Market by Type
10.2.6.2.2 France Aircraft Door Latches Market by Door Type
10.2.6.2.3 France Aircraft Door Latches Market by End User
10.2.6.3 Italy Aircraft Door Latches Market
10.2.6.3.1 Italy Aircraft Door Latches Market by Type
10.2.6.3.2 Italy Aircraft Door Latches Market by Door Type
10.2.6.3.3 Italy Aircraft Door Latches Market by End User
10.2.6.4 United Kingdom Aircraft Door Latches Market
10.2.6.4.1 United Kingdom Aircraft Door Latches Market by Type
10.2.6.4.2 United Kingdom Aircraft Door Latches Market by Door Type
10.2.6.4.3 United Kingdom Aircraft Door Latches Market by End User
10.2.6.5 Russia Aircraft Door Latches Market
10.2.6.5.1 Russia Aircraft Door Latches Market by Type
10.2.6.5.2 Russia Aircraft Door Latches Market by Door Type
10.2.6.5.3 Russia Aircraft Door Latches Market by End User
10.2.6.6 Rest of Europe Aircraft Door Latches Market
10.2.6.6.1 Rest of Europe Aircraft Door Latches Market by Type
10.2.6.6.2 Rest of Europe Aircraft Door Latches Market by Door Type
10.2.6.6.3 Rest of Europe Aircraft Door Latches Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Aircraft Door Latches Market Overview
10.3.2 Asia-Pacific Aircraft Door Latches Market Forecasts and Analysis
10.3.3 Asia-Pacific Aircraft Door Latches Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Aircraft Door Latches Market Forecasts and Analysis - By Door Type
10.3.5 Asia-Pacific Aircraft Door Latches Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Aircraft Door Latches Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Aircraft Door Latches Market
10.3.6.1.1 Australia Aircraft Door Latches Market by Type
10.3.6.1.2 Australia Aircraft Door Latches Market by Door Type
10.3.6.1.3 Australia Aircraft Door Latches Market by End User
10.3.6.2 China Aircraft Door Latches Market
10.3.6.2.1 China Aircraft Door Latches Market by Type
10.3.6.2.2 China Aircraft Door Latches Market by Door Type
10.3.6.2.3 China Aircraft Door Latches Market by End User
10.3.6.3 India Aircraft Door Latches Market
10.3.6.3.1 India Aircraft Door Latches Market by Type
10.3.6.3.2 India Aircraft Door Latches Market by Door Type
10.3.6.3.3 India Aircraft Door Latches Market by End User
10.3.6.4 Japan Aircraft Door Latches Market
10.3.6.4.1 Japan Aircraft Door Latches Market by Type
10.3.6.4.2 Japan Aircraft Door Latches Market by Door Type
10.3.6.4.3 Japan Aircraft Door Latches Market by End User
10.3.6.5 South Korea Aircraft Door Latches Market
10.3.6.5.1 South Korea Aircraft Door Latches Market by Type
10.3.6.5.2 South Korea Aircraft Door Latches Market by Door Type
10.3.6.5.3 South Korea Aircraft Door Latches Market by End User
10.3.6.6 Rest of Asia-Pacific Aircraft Door Latches Market
10.3.6.6.1 Rest of Asia-Pacific Aircraft Door Latches Market by Type
10.3.6.6.2 Rest of Asia-Pacific Aircraft Door Latches Market by Door Type
10.3.6.6.3 Rest of Asia-Pacific Aircraft Door Latches Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Aircraft Door Latches Market Overview
10.4.2 Middle East and Africa Aircraft Door Latches Market Forecasts and Analysis
10.4.3 Middle East and Africa Aircraft Door Latches Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Aircraft Door Latches Market Forecasts and Analysis - By Door Type
10.4.5 Middle East and Africa Aircraft Door Latches Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Aircraft Door Latches Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Aircraft Door Latches Market
10.4.6.1.1 South Africa Aircraft Door Latches Market by Type
10.4.6.1.2 South Africa Aircraft Door Latches Market by Door Type
10.4.6.1.3 South Africa Aircraft Door Latches Market by End User
10.4.6.2 Saudi Arabia Aircraft Door Latches Market
10.4.6.2.1 Saudi Arabia Aircraft Door Latches Market by Type
10.4.6.2.2 Saudi Arabia Aircraft Door Latches Market by Door Type
10.4.6.2.3 Saudi Arabia Aircraft Door Latches Market by End User
10.4.6.3 U.A.E Aircraft Door Latches Market
10.4.6.3.1 U.A.E Aircraft Door Latches Market by Type
10.4.6.3.2 U.A.E Aircraft Door Latches Market by Door Type
10.4.6.3.3 U.A.E Aircraft Door Latches Market by End User
10.4.6.4 Rest of Middle East and Africa Aircraft Door Latches Market
10.4.6.4.1 Rest of Middle East and Africa Aircraft Door Latches Market by Type
10.4.6.4.2 Rest of Middle East and Africa Aircraft Door Latches Market by Door Type
10.4.6.4.3 Rest of Middle East and Africa Aircraft Door Latches Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Aircraft Door Latches Market Overview
10.5.2 South and Central America Aircraft Door Latches Market Forecasts and Analysis
10.5.3 South and Central America Aircraft Door Latches Market Forecasts and Analysis - By Type
10.5.4 South and Central America Aircraft Door Latches Market Forecasts and Analysis - By Door Type
10.5.5 South and Central America Aircraft Door Latches Market Forecasts and Analysis - By End User
10.5.6 South and Central America Aircraft Door Latches Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Aircraft Door Latches Market
10.5.6.1.1 Brazil Aircraft Door Latches Market by Type
10.5.6.1.2 Brazil Aircraft Door Latches Market by Door Type
10.5.6.1.3 Brazil Aircraft Door Latches Market by End User
10.5.6.2 Argentina Aircraft Door Latches Market
10.5.6.2.1 Argentina Aircraft Door Latches Market by Type
10.5.6.2.2 Argentina Aircraft Door Latches Market by Door Type
10.5.6.2.3 Argentina Aircraft Door Latches Market by End User
10.5.6.3 Rest of South and Central America Aircraft Door Latches Market
10.5.6.3.1 Rest of South and Central America Aircraft Door Latches Market by Type
10.5.6.3.2 Rest of South and Central America Aircraft Door Latches Market by Door Type
10.5.6.3.3 Rest of South and Central America Aircraft Door Latches Market by End User
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 DOOR LATCHES MARKET, KEY COMPANY PROFILES
12.1. ADAMS RITE AEROSPACE 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. HARTWELL CORPORATION
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. INTEVA PRODUCTS
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. ANCRA INTERNATIONAL
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. LISI AEROSPACE
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. AIRFORMS INC.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. ACTRON MANUFACTURING
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. HENDRICKS MANUFACTURING, INC.
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. AIRCRAFT SPRUCE
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. ACTRON MANUFACTURING INC.
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
1.Adams Rite Aerospace Inc
2.Hartwell Corporation
3.Inteva Products
4.Ancra International
5.LISI AEROSPACE
6.AIRFORMS Inc.
7.Actron Manufacturing
8.Hendricks Manufacturing, Inc.
9.Aircraft Spruce
10.Actron Manufacturing Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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Apr 2024
Commercial Air Traffic Management Market
Forecast to 2030 - COVID-19 Impact and Global Analysis By Type (Air Traffic Services, Air Traffic Flow Management, and Airspace Management), Component (Hardware and Software), Application (Communication, Navigation, Surveillance, Traffic Control, and Others), and Airport Class (Class I, Class II, Class III, and Class IV)