Aircraft Radome Market Size, Share, Trends & Statistics to 2025

Aircraft Radome Market to 2025 - Global Analysis and Forecasts by Design Type (Nose Radome & Fuselage Mounted Radome), Material Type (Glass-Fiber, Resin & Quartz), and Aircraft Type (Commercial Aircrafts & Military Aircrafts)

  • Report Code : TIPTE100000747
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 155
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[Research Report] In terms of revenue, the global aircraft randome market was valued at US$ 403.81 million in 2016 and is projected to reach US$ 741.4 million by 2025; it is expected to grow at a CAGR of 7.2% during the forecast period from 2017 to 2025.

The aircraft randome market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. APAC dominated the aircraft randome market growth. owing to rapid demand for aircrafts in the region. The commercial airlines in the region are procuring aircrafts in large numbers in order to meet the surging demand for air travel within and outside the region. Moreover, major defense powers such as China, India, Japan and South Korea are investing substantial amounts in designing, developing, manufacturing and procurement of advanced aircraft radomes to equip their latest military aircrafts with the robust radome. In addition, modernization programs are increasing in the Asia Pacific aviation industry, which is leading to adoption of advanced aircrafts radomes heavily.

Lucrative Regional Aircraft Randome Markets

Lucrative Regional Aircraft Randome Markets
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Market Insights–Aircraft Randome Market

Increasing Demand for Quartz Fiber

The modern aircraft radome manufactures need to provide the latest low dielectric prepregs, which offer low moisture absorption, low dielectric constant properties and low loss tangent among others. This are achieved by syntactic foams, liquid resin systems, and cyanate ester and epoxy based prepregs, and the combination of these composite materials eliminates conductive graphite from dielectric material, resulting in ensured electrically pure products with higher quality. Attributing to these benefits of quartz fiber over glass fiber, the demand for quartz fiber is increasing substantially among the commercial airlines as well as the defense forces across the globe, which is leading the market for aircraft radome to escalate significantly during the forecast period

Design Type Segment Insights

Based on design type, the nose randome segment dominated lead the global aircraft randome market in 2016. With the increase in spending on commercial aircraft fleet by various geographic region such as Asia Pacific, Middle East and Africa and North America has led towards the growth of nose radome market. However, incremental outlay for strengthening defense sector by some of the developing countries such as India, China, Saudi Arabia and Singapore among others is further going to fuel the market for aircraft nose radome.

Material Type Segment Insights

Based on material type, the glass fiber segment dominated the global aircraft randome market in 2016. Glass-fiber radome were first used in military aircrafts, latter used by commercial aircrafts. Radome are exposed to rapid acceleration and drag forces due to the advent of supersonic/hypersonic aircrafts

Aircraft Type Segment Insights

Based on aircraft type, the commercial aircraft dominated the global aircraft randome market in 2016. Commercial aircraft segment also includes business as well as private gets along with the commercial passenger and cargo aircrafts. Owing to the sheer volume or fleet size of airliners of major regions have led towards the huge market share in the aircraft radome market.


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Aircraft Radome Market: Strategic Insights

aircraft-radome-market
Market Size Value inUS$ 403.81 Million in 2016
Market Size Value byUS$ 741.4 Million by 2025
Growth rateCAGR of 7.2% from 2017-2025
Forecast Period2017-2025
Base Year2017
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The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

  • In 2017, Meggitt Polymers & Composites, was awarded a contract with aircraft manufacturer Embraer, for the design and production of a high performance radome assembly for in-flight connectivity (IFC).
  • In 2017, NORDAM announced that the company and China Airlines have signed a joint venture agreement to establish NORDAM Asia Limited, a company to repair and overhaul structural aircraft components for the China Airlines fleet and for other airlines in the Asia-Pacific region. 
  • In 2017, Orbital ATK announced expansion of its Beavercreek, Ohio, facility by 40,000 square feet in 2017-2018 with a capital investment of approximately $5 million.

The global aircraft randome market has been segmented as follows:

Aircraft Randome Market – By Design Type

  • Nose Radome
  • Fuselage Mounted Radome

Aircraft Randome Market – By Material Type

  • Glass-Fiber
  • Resin
  • Quartz

Aircraft Randome Market – By Aircraft Type

  • Commercial Aircrafts
  • Military Aircrafts

Aircraft Randome Market- By Region

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East and Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Argentina
    • Rest of SAM

Aircraft Randome Market – Companies Profiles

  • Airbus
  • General Dynamics Corporation
  • Jenoptik AG
  • Orbitall ATK
  • Saint Gobain
  • Starwin Industries
  • Vermont Composites Inc.
  • Meggitt PLC
  • Nordam Group Inc.
  • Kitsap Composites
Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

Design Type , Material Type , and Aircraft Type

Regional Scope
Regional Scope

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

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

Table of Contents

1.1 List of Tables 8

1.2 List of Figures 9

2 Introduction 12
2.1 Scope of the Study 12
2.2 The Insight Partners Research Report Guidance 12

3 Key Takeaways 14

4 Market Landscape 18
4.1 Market Overview 18
4.2 Market Segmentation 19
4.3 Global Aircraft Radome Market - By Type 20
4.4 Global Aircraft Radome Market - By Material Type 20
4.5 Global Aircraft Radome Market - By Aircraft Type 21
4.6 Global Aircraft Radome Market - By Geography 21
4.7 Porter’s Five Forces 22
4.7.1 Bargaining Power of Buyers 22
4.7.2 Bargaining Power of Suppliers 23
4.7.3 Threats to Substitutes 23
4.7.4 Threats to New Entrants 23
4.7.5 Competitive Rivalry 24

5 Global Aircraft Radome Market - Key Market Dynamics 25
5.1 Key Market Drivers 25
5.1.1 Significant Rise in Demand for Air Travel 25
5.1.2 Increasing Demand for Quartz Fiber 25
5.2 Key Market Restraints 26
5.2.1 High Cost of Advanced Fiber Materials 26
5.2.2 Requirement of Highly Skilled Labor for Maintenance of Radome 26
5.3 Key Market Opporunities 27
5.3.1 Modernization of Existing Aircrafts 27
5.4 Future Trends 28
5.4.1 Technological Advancement is Anticipated to Influence the Growth of Aircraft Radome 28
5.5 Impact Analysis of Drivers and Restraints 29

6 Aircraft Radome Market - Global 30
6.1 Global Aircraft Radome Market Overview 30
6.2 Global Aircraft Radome Market Forecast and Analysis 32

7 Global Aircraft Radome Market Analysis - By Design Type 33
7.1 Overview 33
7.2 Nose Radome 34
7.2.1 Overview 34
7.2.2 Global Nose Radome Market Revenue and Forecasts to 2025 (US$ Mn) 34
7.3 Fuselage Mounted Radome 36
7.3.1 Overview 36
7.3.2 Global Fuselage Mounted Radome Market Revenue and Forecasts to 2025 (US$ Mn) 36

8 Global Aircraft Radome Market Analysis - By Material type 38
8.1 Overview 38
8.2 Glass-Fiber 39
8.2.1 Overview 39
8.2.2 Global Glass-Fiber Market Revenue and Forecasts to 2025 (US$ Mn) 39
8.3 Resin 41
8.3.1 Overview 41
8.3.2 Global Resin Market Revenue and Forecasts to 2025 (US$ Mn) 41
8.4 Quartz 43
8.4.1 Overview 43
8.4.2 Global Quartz Market Revenue and Forecasts to 2025 (US$ Mn) 43

9 Global Aircraft Radome Market Analysis - By Aircraft type 44
9.1 Overview 44
9.2 Commercial 45
9.2.1 Overview 45
9.2.2 Global Commercial Market Revenue and Forecasts to 2025 (US$ Mn) 45
9.3 Military 47
9.3.1 Overview 47
9.3.2 Global Military Market Revenue and Forecasts to 2025 (US$ Mn) 47

10 Global Aircraft Radome Market - Geographical Analysis 48
10.1 Overview 48
10.2 North America Aircraft Radome Market Revenue and Forecasts to 2025 49
10.2.1 Overview 49
10.2.2 North America Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 49
10.2.3 North America Aircraft Radome Market Breakdown by Key Countries 51
10.2.3.1 U.S. Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 52
10.2.3.2 Canada Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 53
10.2.3.3 Mexico Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 54
10.2.4 North America Aircraft Radome Market Breakdown by Type 55
10.2.5 North America Aircraft Radome Market Breakdown by Material type 56
10.2.6 North America Aircraft Radome Market Breakdown by Aircraft Type 57
10.3 Europe Aircraft Radome Market Revenue and Forecasts to 2025 59
10.3.1 Overview 59
10.3.2 Europe Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 59
10.3.3 Europe Aircraft Radome Market Breakdown by Key Countries 61
10.3.3.1 France Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 62
10.3.3.2 Germany Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 63
10.3.3.3 U.K Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 64
10.3.3.4 Russia Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 65
10.3.4 Europe Aircraft Radome Market Breakdown by Design Type 66
10.3.5 Europe Aircraft Radome Market Breakdown by Material type 67
10.3.6 Europe Aircraft Radome Market Breakdown by Aircraft type 68
10.4 Asia Pacific (APAC) Aircraft Radome Market Revenue and Forecasts to 2025 70
10.4.1 Overview 70
10.4.2 Asia Pacific Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 70
10.4.3 Asia Pacific Aircraft Radome Market Breakdown by Key Countries 72
10.4.3.1 China Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 73
10.4.3.2 India Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 74
10.4.3.3 Japan Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 75
10.4.4 Asia Pacific Aircraft Radome Market Breakdown by Type 76
10.4.5 Asia Pacific Aircraft Radome Market Breakdown by Material type 77
10.4.6 Asia Pacific Aircraft Radome Market Breakdown by Aircraft type 78
10.5 Middle East & Africa Aircraft Radome Market Revenue and Forecasts to 2025 80
10.5.1 Overview 80
10.5.2 Middle East & Africa Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 81
10.5.3 Middle East & Africa Aircraft Radome Market Breakdown by Key Countries 82
10.5.3.1 Saudi Arabia Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 83
10.5.3.2 U.A.E Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 84
10.5.3.3 South Africa Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 85
10.5.3.4 Rest of Middle East and Africa Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 86
10.5.4 Middle East & Africa Aircraft Radome Market Breakdown by Design Type 87
10.5.5 Middle East Aircraft Radome Market Breakdown by Material Types 88
10.5.6 Middle East Aircraft Radome Market Breakdown by Aircraft Types 90
10.6 South America Aircraft Radome Market Revenue and Forecasts to 2025 92
10.6.1 Overview 92
10.6.2 South America Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 92
10.6.3 South America Aircraft Radome Market Breakdown by Key Countries 94
10.6.3.1 Brazil Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 95
10.6.4 South America Aircraft Radome Market Breakdown by Design Type 96
10.6.5 South America Aircraft Radome Market Breakdown by Material Type 97
10.6.6 South America Aircraft Radome Market Breakdown by Aircraft Type 98

11 Industry Landscape 100
11.1 Market Initiative 100

12 Competitive Landscape 101
12.1 Competitive Product Mapping 101
12.2 Market Positioning - Global Top 5 Players Ranking 103
13 Global Aircraft Radome Market - Key Company Profiles 104
13.1 Airbus S.A.S. 104
13.1.1 Key Facts 104
13.1.2 Business Description 104
13.1.3 Financial Overview 105
13.1.4 SWOT Analysis 106
13.1.5 Key Developments 108
13.2 General Dynamics Corporation 109
13.2.1 Key Facts 109
13.2.2 Business Description 109
13.2.3 Business Description 109
13.2.4 Financial Overview 110
13.2.5 SWOT Analysis 110
13.2.6 Key Developments 113
13.3 Jenoptik AG 114
13.3.1 Key Facts 114
13.3.2 Business Description 114
13.3.3 Financial Overview 115
13.3.4 SWOT Analysis 116
13.3.5 Key Developments 118
13.4 Orbital ATK 119
13.4.1 Key Facts 119
13.4.2 Business Description 119
13.4.3 Financial Overview 120
13.4.4 SWOT Analysis 120
13.4.5 Key Developments 122
13.5 Saint-Gobain 124
13.5.1 Key Facts 124
13.5.2 Business Description 124
13.5.3 Financial Overview 125
13.5.4 SWOT Analysis 126
13.5.5 Key Developments 128
13.6 Meggitt PLC 129
13.6.1 Key Facts 129
13.6.2 Business Description 129
13.6.3 Financial Overview 130
13.6.4 SWOT Analysis 131
13.6.5 Key Developments 133
13.7 NORDAM Group, Inc. 134
13.7.1 Key Facts 134
13.7.2 Business Description 134
13.7.3 Financial Overview 135
13.7.4 SWOT Analysis 135
13.7.5 Key Developments 137
13.8 Vermont Composites Inc. 138
13.8.1 Key Facts 138
13.8.2 Business Description 138
13.8.3 Financial Overview 139
13.8.4 SWOT Analysis 140
13.8.5 Key Developments 142
13.9 Starwin Industries 143
13.9.1 Key Facts 143
13.9.2 Business Description 143
13.9.3 Financial Overview 144
13.9.4 SWOT Analysis 144
13.9.5 Key Developments 146
13.10 Kitsap Composites 147
13.10.1 Key Facts 147
13.10.2 Business Description 147
13.10.3 Financial Overview 148
13.10.4 SWOT Analysis 148
13.10.5 Key Developments 150

14 Appendix 151
14.1 About The Insight Partners 151
14.2 Glossary of Terms 152
14.3 Methodology 153
14.3.1 Coverage 153
14.3.2 Secondary Research 153
14.3.3 Primary Research 154
14.4 Contact Us 155
14.5 Disclaimer 155

List of Tables

Table 1: Global Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 32
Table 2: North America Aircraft Radome Market Revenue and Forecasts to 2025 - By Type (US$ Mn) 56
Table 3: North America Aircraft Radome Market Revenue and Forecasts to 2025 - By material type (US$ Mn) 57
Table 4: North America Aircraft Radome Market Revenue and Forecasts to 2025 - By Type (US$ Mn) 58
Table 5: Europe Aircraft Radome Market Revenue and Forecasts to 2025 - By Design Type (US$ Mn) 67
Table 6: Europe Aircraft Radome Market Revenue and Forecasts to 2025 - By Material type (US$ Mn) 68
Table 7: Europe Aircraft Radome Market Revenue and Forecasts to 2025 - By Aircraft type (US$ Mn) 69
Table 8: Asia Pacific Aircraft Radome Market Revenue and Forecasts to 2025 - By Design Type (US$ Mn) 77
Table 9: Asia Pacific Aircraft Radome Market Revenue and Forecasts to 2025 - By Material Type (US$ Mn) 78
Table 10: Asia Pacific Aircraft Radome Market Revenue and Forecasts to 2025 - By Aircraft Type (US$ Mn) 79
Table 11: Middle East & Africa Aircraft Radome Market Revenue and Forecasts to 2025 - By Design Type (US$ Mn) 87
Table 12: Middle East & Africa Aircraft Radome Market Revenue and Forecasts to 2025 - By Material Type (US$ Mn) 89
Table 13: Middle East & Africa Aircraft Radome Market Revenue and Forecasts to 2025 - By Aircraft Type (US$ Mn) 91
Table 14: South America Aircraft Radome Market Revenue and Forecasts to 2025 - By Design Type (US$ Mn) 96
Table 15: South America Aircraft Radome Market Revenue and Forecasts to 2025 - By Material Type (US$ Mn) 97
Table 16: South America Aircraft Radome Market Revenue and Forecasts to 2025 - By Aircraft Type (US$ Mn) 99
Table 17: Glossary of Terms, Aircraft Radome Market 152

List of Figures

Figure 1: Europe Aircraft Radome Market, Revenue (US$ Mn), by Geography 2016 & 2025 14
Figure 2: Nose Radome Market By Type, Market Share (%), 2017 15
Figure 3: Global Glass-Fiber Radome Market by, Material Types, Market Share (%), 2017 16
Figure 4: Global Aircraft Radome Market, by Aircraft Type, Market Share (%), 2017 17
Figure 5: Aircraft Radome Market Segmentation 19
Figure 6: Aircraft Radome Market Segmentation 20
Figure 7: Porter’s Five Forces 22
Figure 8: Aircraft Radome Market Impact Analysis of Driver and Restraints 29
Figure 9: Global Aircraft Radome Market 30
Figure 10: Global Aircraft Radome Market Breakdown By Types, 2016 & 2025 (%) 33
Figure 11: Global Nose Radome Market Revenue and Forecasts to 2025 (US$ Mn) 35
Figure 12: Global Fuselage Mounted Radome Market Revenue and Forecasts to 2025 (US$ Mn) 37
Figure 13: Global Aircraft Radome Market Breakdown By Material Type, 2016 & 2025 (%) 38
Figure 14: Global Glass-Fiber Market Revenue and Forecasts to 2025 (US$ Mn) 40
Figure 15: Global Resin Market Revenue and Forecasts to 2025 (US$ Mn) 42
Figure 16: Global Quartz Market Revenue and Forecasts to 2025 (US$ Mn) 43
Figure 17: Global Aircraft Radome Market Breakdown By Aircraft Type, 2016 & 2025 (%) 44
Figure 18: Global Commercial Market Revenue and Forecasts to 2025 (US$ Mn) 46
Figure 19: Global Military Market Revenue and Forecasts to 2025 (US$ Mn) 47
Figure 20: Aircraft Radome Market, Global Breakdown by Regions, 2016 & 2025 (%) 48
Figure 21: North America Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 50
Figure 22: North America Aircraft Radome Market Breakdown by Key Countries, 2016 & 2025(%) 51
Figure 23: U.S. Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 52
Figure 24: Canada Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 53
Figure 25: Mexico Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 54
Figure 26: North America Aircraft Radome Market Breakdown by Design Type, 2016 & 2025 (%) 55
Figure 27: North America Aircraft Radome Market Breakdown by Material type, 2016 & 2025 (%) 56
Figure 28: North America Aircraft Radome Market Breakdown by Aircraft Type, 2016 & 2025 (%) 57
Figure 29: Europe Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 60
Figure 30: Europe Aircraft Radome Market Breakdown by Key Countries, 2016 & 2025(%) 61
Figure 31: France Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 62
Figure 32: Germany Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 63
Figure 33: U.K Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 64
Figure 34: Russia Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 65
Figure 35: Europe Aircraft Radome Market Breakdown by Design Type, 2016 & 2025 (%) 66
Figure 36: Europe Aircraft Radome Market Breakdown by Material type, 2016 & 2025 (%) 67
Figure 37: Europe Aircraft Radome Market Breakdown by Aircraft Type, 2016 & 2025 (%) 68
Figure 38: Asia Pacific Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 71
Figure 39: Asia Pacific Aircraft Radome Market Breakdown, by Key Countries, 2016 & 2025(%) 72
Figure 40: China Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 73
Figure 41: India Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 74
Figure 42: Japan Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 75
Figure 43: Asia Pacific Aircraft Radome Market Breakdown by Design Type, 2016 & 2025 (%) 76
Figure 44: Asia Pacific Aircraft Radome Market Breakdown, by Material type, 2016 & 2025 (%) 77
Figure 45: Asia Pacific Aircraft Radome Market Breakdown, by Aircraft type, 2016 & 2025 (%) 78
Figure 46: Middle East & Africa Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 81
Figure 47: Middle East & Africa Aircraft Radome Market Breakdown by Key Countries, 2016 & 2025(%) 82
Figure 48: Saudi Arabia Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 83
Figure 49: U.A.E. Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 84
Figure 50: South Africa Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 85
Figure 51: Rest of Middle East and Africa Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 86
Figure 52: Middle East & Africa Aircraft Radome Market Breakdown, by Design Type, 2016 & 2025 (%) 87
Figure 53: Middle East & Africa Aircraft Radome Market Breakdown, by Material Type, 2016 & 2025 (%) 88
Figure 54: Middle East & Africa Aircraft Radome Market Breakdown, by Aircraft Type, 2016 & 2025 (%) 90
Figure 55: South America Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 93
Figure 56: South America Aircraft Radome Market Breakdown by Key Countries, 2016 & 2025 (%) 94
Figure 57: Brazil Aircraft Radome Market Revenue and Forecasts to 2025 (US$ Mn) 95
Figure 58: South America Aircraft Radome Market Breakdown by Design Type, 2016 & 2025 (%) 96
Figure 59: South America Aircraft Radome Market Breakdown by Material Type, 2016 & 2025 (%) 97
Figure 60: South America Aircraft Radome Market Breakdown by Aircraft Type, 2016 & 2025 (%) 98

The List Companies

1. Airbus S.A.S
2. General Dynamics Corporation
3. Jenoptik AG
4. Kitsap Composites
5. Meggitt PLC
6. NORDAM Group, Inc.
7. Orbital ATK
8. Saint-Gobain
9. Starwin Industries
10. Vermont Composites (Kaman Composites)

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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