Aircraft wheels are generally overlooked yet important component of an aircraft landing gear system providing the necessary structural strength and support to the tyres. These components take up the major load of an aircraft during taxing, take-off and landing. It has become imperative in the current scenario that aircraft wheels be made as light as possible while still retaining maximum structural strength in order to achieve low fuel consumption. Modern aircraft wheels are typically manufactured by casting or forging process employing two part structure that are combined together to form a wheel. Aircraft wheels differ slightly in design from automotive wheels owing to the fact these have to accommodate multiple disc brake variants.
MARKET SCOPE
The "Global Aircraft Wheel Scanning System 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 the aircraft wheel scanning system market with detailed market segmentation by component, system, aircraft type and geography. The report provides key statistics on the market status of the leading aircraft wheel scanning system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- based on component, the global aircraft wheel scanning system market is segmented into hardware, software
- On the basis of system, the market is segmented laser 3d scanner, structured light 3d scanner, others
- On the basis of aircraft type, the market is segmented into fixed-wing aircraft, rotary-wing aircraft
MARKET DYNAMICS
Drivers
- Growth owing to improvements witnessed in aircraft MRO ((Maintenance, Repair and Overhaul) services further benefitting the growth of aircraft wheels market.
- Another factor that has been the driving force of aircraft wheels market is the trend of major airline operators to regularly lease their aged aircraft fleet to smaller operators, who in turn resort to total refurbishment of the aircraft.
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 2020 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 wheel scanning system 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 marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the aircraft wheel scanning system market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT WHEEL SCANNING SYSTEM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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 2020 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 wheel scanning system 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 marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the aircraft wheel scanning system market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT WHEEL SCANNING SYSTEM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the aircraft wheel scanning system 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aircraft wheel scanning system market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft wheel scanning system in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aircraft wheel scanning system 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.
- Shenzhen HOLON Technology Co., Ltd
- Hexagone AB
- FARO Technologies, Inc
- Carl Zeiss Optotechnik GmBH
- Autodesk Inc
- Aeroscan
- Nikon Metrology NV
- Fuel3D Technologies Limited
- Creaform Inc
- Capture 3D, Inc
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
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 Wheel Scanning System Market - By Component
1.3.2 Aircraft Wheel Scanning System Market - By System
1.3.3 Aircraft Wheel Scanning System Market - By Aircraft Type
1.3.4 Aircraft Wheel Scanning System Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AIRCRAFT WHEEL SCANNING SYSTEM 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 WHEEL SCANNING SYSTEM 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 WHEEL SCANNING SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. AIRCRAFT WHEEL SCANNING SYSTEM - GLOBAL MARKET OVERVIEW
6.2. AIRCRAFT WHEEL SCANNING SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. AIRCRAFT WHEEL SCANNING SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT 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 WHEEL SCANNING SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - SYSTEM
8.1. OVERVIEW
8.2. SYSTEM MARKET FORECASTS AND ANALYSIS
8.3. LASER 3D SCANNER
8.3.1. Overview
8.3.2. Laser 3D Scanner Market Forecast and Analysis
8.4. STRUCTURED LIGHT 3D SCANNER
8.4.1. Overview
8.4.2. Structured Light 3D Scanner Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. AIRCRAFT WHEEL SCANNING SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - AIRCRAFT TYPE
9.1. OVERVIEW
9.2. AIRCRAFT TYPE MARKET FORECASTS AND ANALYSIS
9.3. FIXED-WING AIRCRAFT
9.3.1. Overview
9.3.2. Fixed-wing Aircraft Market Forecast and Analysis
9.4. ROTARY-WING AIRCRAFT
9.4.1. Overview
9.4.2. Rotary-wing Aircraft Market Forecast and Analysis
10. AIRCRAFT WHEEL SCANNING SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Aircraft Wheel Scanning System Market Overview
10.1.2 North America Aircraft Wheel Scanning System Market Forecasts and Analysis
10.1.3 North America Aircraft Wheel Scanning System Market Forecasts and Analysis - By Component
10.1.4 North America Aircraft Wheel Scanning System Market Forecasts and Analysis - By System
10.1.5 North America Aircraft Wheel Scanning System Market Forecasts and Analysis - By Aircraft Type
10.1.6 North America Aircraft Wheel Scanning System Market Forecasts and Analysis - By Countries
10.1.6.1 United States Aircraft Wheel Scanning System Market
10.1.6.1.1 United States Aircraft Wheel Scanning System Market by Component
10.1.6.1.2 United States Aircraft Wheel Scanning System Market by System
10.1.6.1.3 United States Aircraft Wheel Scanning System Market by Aircraft Type
10.1.6.2 Canada Aircraft Wheel Scanning System Market
10.1.6.2.1 Canada Aircraft Wheel Scanning System Market by Component
10.1.6.2.2 Canada Aircraft Wheel Scanning System Market by System
10.1.6.2.3 Canada Aircraft Wheel Scanning System Market by Aircraft Type
10.1.6.3 Mexico Aircraft Wheel Scanning System Market
10.1.6.3.1 Mexico Aircraft Wheel Scanning System Market by Component
10.1.6.3.2 Mexico Aircraft Wheel Scanning System Market by System
10.1.6.3.3 Mexico Aircraft Wheel Scanning System Market by Aircraft Type
10.2. EUROPE
10.2.1 Europe Aircraft Wheel Scanning System Market Overview
10.2.2 Europe Aircraft Wheel Scanning System Market Forecasts and Analysis
10.2.3 Europe Aircraft Wheel Scanning System Market Forecasts and Analysis - By Component
10.2.4 Europe Aircraft Wheel Scanning System Market Forecasts and Analysis - By System
10.2.5 Europe Aircraft Wheel Scanning System Market Forecasts and Analysis - By Aircraft Type
10.2.6 Europe Aircraft Wheel Scanning System Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Aircraft Wheel Scanning System Market
10.2.6.1.1 Germany Aircraft Wheel Scanning System Market by Component
10.2.6.1.2 Germany Aircraft Wheel Scanning System Market by System
10.2.6.1.3 Germany Aircraft Wheel Scanning System Market by Aircraft Type
10.2.6.2 France Aircraft Wheel Scanning System Market
10.2.6.2.1 France Aircraft Wheel Scanning System Market by Component
10.2.6.2.2 France Aircraft Wheel Scanning System Market by System
10.2.6.2.3 France Aircraft Wheel Scanning System Market by Aircraft Type
10.2.6.3 Italy Aircraft Wheel Scanning System Market
10.2.6.3.1 Italy Aircraft Wheel Scanning System Market by Component
10.2.6.3.2 Italy Aircraft Wheel Scanning System Market by System
10.2.6.3.3 Italy Aircraft Wheel Scanning System Market by Aircraft Type
10.2.6.4 United Kingdom Aircraft Wheel Scanning System Market
10.2.6.4.1 United Kingdom Aircraft Wheel Scanning System Market by Component
10.2.6.4.2 United Kingdom Aircraft Wheel Scanning System Market by System
10.2.6.4.3 United Kingdom Aircraft Wheel Scanning System Market by Aircraft Type
10.2.6.5 Russia Aircraft Wheel Scanning System Market
10.2.6.5.1 Russia Aircraft Wheel Scanning System Market by Component
10.2.6.5.2 Russia Aircraft Wheel Scanning System Market by System
10.2.6.5.3 Russia Aircraft Wheel Scanning System Market by Aircraft Type
10.2.6.6 Rest of Europe Aircraft Wheel Scanning System Market
10.2.6.6.1 Rest of Europe Aircraft Wheel Scanning System Market by Component
10.2.6.6.2 Rest of Europe Aircraft Wheel Scanning System Market by System
10.2.6.6.3 Rest of Europe Aircraft Wheel Scanning System Market by Aircraft Type
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Aircraft Wheel Scanning System Market Overview
10.3.2 Asia-Pacific Aircraft Wheel Scanning System Market Forecasts and Analysis
10.3.3 Asia-Pacific Aircraft Wheel Scanning System Market Forecasts and Analysis - By Component
10.3.4 Asia-Pacific Aircraft Wheel Scanning System Market Forecasts and Analysis - By System
10.3.5 Asia-Pacific Aircraft Wheel Scanning System Market Forecasts and Analysis - By Aircraft Type
10.3.6 Asia-Pacific Aircraft Wheel Scanning System Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Aircraft Wheel Scanning System Market
10.3.6.1.1 Australia Aircraft Wheel Scanning System Market by Component
10.3.6.1.2 Australia Aircraft Wheel Scanning System Market by System
10.3.6.1.3 Australia Aircraft Wheel Scanning System Market by Aircraft Type
10.3.6.2 China Aircraft Wheel Scanning System Market
10.3.6.2.1 China Aircraft Wheel Scanning System Market by Component
10.3.6.2.2 China Aircraft Wheel Scanning System Market by System
10.3.6.2.3 China Aircraft Wheel Scanning System Market by Aircraft Type
10.3.6.3 India Aircraft Wheel Scanning System Market
10.3.6.3.1 India Aircraft Wheel Scanning System Market by Component
10.3.6.3.2 India Aircraft Wheel Scanning System Market by System
10.3.6.3.3 India Aircraft Wheel Scanning System Market by Aircraft Type
10.3.6.4 Japan Aircraft Wheel Scanning System Market
10.3.6.4.1 Japan Aircraft Wheel Scanning System Market by Component
10.3.6.4.2 Japan Aircraft Wheel Scanning System Market by System
10.3.6.4.3 Japan Aircraft Wheel Scanning System Market by Aircraft Type
10.3.6.5 South Korea Aircraft Wheel Scanning System Market
10.3.6.5.1 South Korea Aircraft Wheel Scanning System Market by Component
10.3.6.5.2 South Korea Aircraft Wheel Scanning System Market by System
10.3.6.5.3 South Korea Aircraft Wheel Scanning System Market by Aircraft Type
10.3.6.6 Rest of Asia-Pacific Aircraft Wheel Scanning System Market
10.3.6.6.1 Rest of Asia-Pacific Aircraft Wheel Scanning System Market by Component
10.3.6.6.2 Rest of Asia-Pacific Aircraft Wheel Scanning System Market by System
10.3.6.6.3 Rest of Asia-Pacific Aircraft Wheel Scanning System Market by Aircraft Type
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Aircraft Wheel Scanning System Market Overview
10.4.2 Middle East and Africa Aircraft Wheel Scanning System Market Forecasts and Analysis
10.4.3 Middle East and Africa Aircraft Wheel Scanning System Market Forecasts and Analysis - By Component
10.4.4 Middle East and Africa Aircraft Wheel Scanning System Market Forecasts and Analysis - By System
10.4.5 Middle East and Africa Aircraft Wheel Scanning System Market Forecasts and Analysis - By Aircraft Type
10.4.6 Middle East and Africa Aircraft Wheel Scanning System Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Aircraft Wheel Scanning System Market
10.4.6.1.1 South Africa Aircraft Wheel Scanning System Market by Component
10.4.6.1.2 South Africa Aircraft Wheel Scanning System Market by System
10.4.6.1.3 South Africa Aircraft Wheel Scanning System Market by Aircraft Type
10.4.6.2 Saudi Arabia Aircraft Wheel Scanning System Market
10.4.6.2.1 Saudi Arabia Aircraft Wheel Scanning System Market by Component
10.4.6.2.2 Saudi Arabia Aircraft Wheel Scanning System Market by System
10.4.6.2.3 Saudi Arabia Aircraft Wheel Scanning System Market by Aircraft Type
10.4.6.3 U.A.E Aircraft Wheel Scanning System Market
10.4.6.3.1 U.A.E Aircraft Wheel Scanning System Market by Component
10.4.6.3.2 U.A.E Aircraft Wheel Scanning System Market by System
10.4.6.3.3 U.A.E Aircraft Wheel Scanning System Market by Aircraft Type
10.4.6.4 Rest of Middle East and Africa Aircraft Wheel Scanning System Market
10.4.6.4.1 Rest of Middle East and Africa Aircraft Wheel Scanning System Market by Component
10.4.6.4.2 Rest of Middle East and Africa Aircraft Wheel Scanning System Market by System
10.4.6.4.3 Rest of Middle East and Africa Aircraft Wheel Scanning System Market by Aircraft Type
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Aircraft Wheel Scanning System Market Overview
10.5.2 South and Central America Aircraft Wheel Scanning System Market Forecasts and Analysis
10.5.3 South and Central America Aircraft Wheel Scanning System Market Forecasts and Analysis - By Component
10.5.4 South and Central America Aircraft Wheel Scanning System Market Forecasts and Analysis - By System
10.5.5 South and Central America Aircraft Wheel Scanning System Market Forecasts and Analysis - By Aircraft Type
10.5.6 South and Central America Aircraft Wheel Scanning System Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Aircraft Wheel Scanning System Market
10.5.6.1.1 Brazil Aircraft Wheel Scanning System Market by Component
10.5.6.1.2 Brazil Aircraft Wheel Scanning System Market by System
10.5.6.1.3 Brazil Aircraft Wheel Scanning System Market by Aircraft Type
10.5.6.2 Argentina Aircraft Wheel Scanning System Market
10.5.6.2.1 Argentina Aircraft Wheel Scanning System Market by Component
10.5.6.2.2 Argentina Aircraft Wheel Scanning System Market by System
10.5.6.2.3 Argentina Aircraft Wheel Scanning System Market by Aircraft Type
10.5.6.3 Rest of South and Central America Aircraft Wheel Scanning System Market
10.5.6.3.1 Rest of South and Central America Aircraft Wheel Scanning System Market by Component
10.5.6.3.2 Rest of South and Central America Aircraft Wheel Scanning System Market by System
10.5.6.3.3 Rest of South and Central America Aircraft Wheel Scanning System Market by Aircraft Type
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 WHEEL SCANNING SYSTEM MARKET, KEY COMPANY PROFILES
12.1. SHENZHEN HOLON TECHNOLOGY CO., LTD
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. HEXAGONE AB
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. FARO TECHNOLOGIES, INC
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. CARL ZEISS OPTOTECHNIK GMBH
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. AUTODESK 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. AEROSCAN
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. NIKON METROLOGY NV
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. FUEL3D TECHNOLOGIES LIMITED
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. CREAFORM INC
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. CAPTURE 3D, 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. Shenzhen HOLON Technology Co., Ltd
2. Hexagone AB
3. FARO Technologies, Inc
4. Carl Zeiss Optotechnik GmBH
5. Autodesk Inc
6. Aeroscan
7. Nikon Metrology NV
8. Fuel3D Technologies Limited
9. Creaform Inc
10. Capture 3D, 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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