The aircraft wheels and brakes market is expected to grow from US$ 7,471.74 million in 2021 to US$ 12,142.18 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028.
Wheels and brakes are among the most important components of aircraft fleets. The wheels provide structural support to the entire aircraft body and confer strength to the tires. The brakes play a vital role in the landing of aircraft as they control wheel speed as well as gradually restrict the motion of aircraft, eventually providing a stable landing. Over the last several years, aircraft and aircraft component manufacturers are emphasizing on lowering the weight of aircraft wheels, as a part of their efforts for reducing aircraft fuel consumption. The lightweight aircraft wheels are extensively used in commercial as well as defense aircraft to attain the lowest possible operational costs by increasing fuel efficiency. Also, the modern-day aircraft wheels are designed and manufactured in such a manner that they should be compatible with multiple disc brake variants.Impact of COVID-19 Pandemic on Aircraft Wheels and Brakes Market
The COVID-19 outbreak has adversely affected the world and is continuing to shatter several countries. Until the outbreak, the aerospace industry was experiencing substantial growth in terms of production, despite huge backlogs from the aircraft manufacturers. Also, the global aviation industry was witnessing a significant rise in the number of passengers count and increase in aircraft procurement. Unfortunately, the COVID-19 outbreak have decimated the demand for aircraft globally, which reduced the volumes of orders among the aircraft manufacturers, which resulted in a lower number of productions. The decline in production volumes hindered the businesses of various component manufacturers and associated technologies. Thus, the aircraft wheels and brakes market players' businesses have been severely affected by destabilization in aircraft production.Lucrative Regions for Aircraft Wheels and Brakes Providers
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Aircraft Wheels and Brakes Market Insights
Increasing Use of Durable, Lightweight, and Sturdy Carbon Brakes
The aircraft manufacturing industry has been reliant on steel-based brakes over the decades; however, in the recent years, the industry players have extensively shifted their focus toward carbon brakes. This is mainly attributed to the low weight and greater durability of carbon. The lighter weight of carbon brakes helps manufacturers in keeping the weight of aircraft models lower than those with traditional brakes; the lightweight aircraft fleets operate with greater fuel efficiency and lowered CO2 emissions. Aircraft weight and CO2 emissions are the two critical parameters of focus in the aircraft manufacturing industry. Moreover, carbon brakes facilitate cost-saving as the sturdier nature of carbon offers brakes additional strength along with an ability to operate in adverse environments. Further, carbon brakes require lesser maintenance as they can handle ~2,000 landings on average. Hence, carbon brakes are being used extensively in modern aircraft models to reduce overall operational costs, including brakes maintenance, repairing, and overhaul (MRO) costs. Carbon brakes are compatible with all modern commercial and military aircraft models, which enable the retrofitting of carbon brakes with ease. Hence, these brakes find applications in the MRO activities of older aircraft fleets, which require maintenance. Thus, the escalating adoption of carbon brakes into commercial and military aircraft is fueling the aircraft wheels and brakes market growth.End User-Based Market Insights
Military expenditure is increasing by governments across the world to upgrade their air forces. For instance, in August 2020, Taiwan signed a US$ 62 billion deal to purchase 66 F-16 fighter jets from Lockheed Martin, an aircraft manufacturer in the US. Similarly, in May 2021, the Egypt government ordered 30 Rafael jets from Dassault Aviation, France. Furthermore, in 2019, the total production of military aircraft was around ~630. On the other hand, the production number reduced to around ~220 military aircraft in 2020 due to the COVID-19 outbreak, which has severely disrupted the supply chain of aircraft components and caused a slowdown in the production of military aircraft. However, the growing procurement of fighter jets by various countries’ governments worldwide is expected to bolster the growth of the aircraft wheels and brakes market for the defense segment in the coming years.
Aircraft Wheels and Brakes Market, by End User – 2020 and 2028 (%)
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Note: The outer circle represents market size for 2028, and the inner circle represents market size for 2020.
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Aircraft Wheels and Brakes Market: Strategic Insights
Market Size Value in US$ 7,471.74 Million in 2021 Market Size Value by US$ 12,142.18 Million by 2028 Growth rate CAGR of 7.2% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Players operating in the aircraft wheels and brakes market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:Customize Research To Suit Your Requirement
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Aircraft Wheels and Brakes Market: Strategic Insights
| Market Size Value in | US$ 7,471.74 Million in 2021 |
| Market Size Value by | US$ 12,142.18 Million by 2028 |
| Growth rate | CAGR of 7.2% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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- In 2021, the US Air Force announce that it is working to extend the operating life of the B-52 Stratofortress so that it can operate into the 2050s. Collins Aerospace, a Raytheon Technologies subsidiary, has been selected to design and manufacture a new wheel and carbon brake for the platform, resulting in a fleet refit of 77 aircraft.
- In 2020, EasyJet picked Safran Landing Systems again to maintain for its A320 family fleet. The Safran group subsidiary, which specializes in landing gear and carbon brakes, will carry out maintenance and overhaul on 68 landing gears over a period between January 2020 and June 2023. The maintenance operations will be carried out by Safran Landing Systems MRO facility.
The global aircraft wheels and brakes Market has been segmented as follows:
Aircraft Wheels and Brakes Market – by Component
- Braking System
- Wheels
- Brakes
Aircraft Wheels and Brakes Market – by Fit Type
- Line Fit
- Retro Fit
Aircraft Wheels and Brakes Market – by End User
- Defence
- Commercial
Aircraft Wheels and Brakes Market – by Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Beringer Aero
- Collins Aerospace
- Honeywell International Inc.
- Meggitt PLC
- Parker Hannifin Corporation
- Safran
- MATCO Manufacturing Inc
- JAY-Em Aerospace and Machine, Inc.
- Grove Aircraft Landing Gear System Inc
- Crane Aerospace & Electronics
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component , Fit Type , and End User and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
With the rapidly growing aviation industry from the past few years, the demand for airline MRO services is also increasing. Emerging economies, such as those in APAC, are highly focused on extending MRO services to commercial as well as military aircrafts. Economic growth, increasing air passengers, and growing aviation infrastructure spending in APAC countries are the major factors driving the growth of the aircraft MRO services, which is subsequently providing lucrative opportunities for the growth of the aircraft wheels and brakes market. According to the International Air Transport Association, the total number of new passengers would increase to over 7.2 billion the next 20 years compare to 1.8 billion passengers travelled globally through airline in 2020, and it would further increase the fleet size and the demand for MRO activities for upgrading the aircraft fleet. The rising number of middle-class travelers, especially in India, China, and Singapore, among others, is the main factor contributing to air travel growth in the region. The growth of air travel is positively impacting the growth of MRO facilities in the above mentioned countries, which is thereby catalyzing the aircraft wheels and brakes market.
The flying frequency is directly proportional to the demand for MRO activities. This factor is heavily influencing the growth of the country's aircraft MRO services business. Increased flying frequency are directly proportionate to higher demands for MRO services, including wheels and brakes repair or replacement. Additionally, countries such as Malaysia, Thailand, Vietnam, Indonesia, and the Philippines are witnessing a surge in aircraft MRO projects due to the rise in demand for the integration of advanced technologies and components from commercial aircraft operators. Thus, the growth in the number of aircraft MRO service providers and increase in aircraft fleet volumes in Southeast Asian countries is creating substantial business opportunities for the aircraft wheels and brakes market players.
Based on component, the aircraft wheels and brakes market has been segmented into braking system, wheels, and brakes. The Aircraft Wheels and Brakes market was dominated by the brakes segment in 2020.
North America dominated the aircraft wheels and brakes market in 2020; it would continue to dominate the market during the forecast period by 2028. Europe is the second-largest contributor to the global aircraft wheels and brakes market, followed by APAC.
The major companies in Aircraft Wheels and Brakes market are Beringer Aero, Collins Aerospace, Honeywell International Inc., Meggitt PLC, Parker Hannifin Corporation, Safran, MATCO Manufacturing Inc, Grove Aircraft Landing Gear System Inc, and Crane Aerospace & Electronics.
The major end users in Aircraft Wheels and Brakes includes Defense and Commercial. In terms of market share, the market was dominated by the commercial segment in 2020.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Aircraft Wheels and Brakes Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
5. Aircraft Wheels and Brakes – Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of Durable, Lightweight, Sturdy Carbon Brakes
5.1.2 Growing Demand for Passenger Airline Services
5.2 Market Restraints
5.2.1 Recall of B737 Max and Discontinuation of A380 and B747 Manufacturing
5.3 Market Opportunities
5.3.1 Burgeoning Demand for MRO Activities in Emerging Economies
5.4 Future Trends
5.4.1 Electric Brakes and Fiber-Reinforced Plastic Wheels
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft Wheels and Brakes Market – Global Market Analysis
6.1 Global Aircraft Wheels and Brakes Market Overview
6.2 Global Aircraft Wheels and Brakes Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. Aircraft Wheels and Brakes Market Revenue and Forecast To 2028 – Component
7.1 Overview
7.2 Aircraft Wheels and Brakes Market, By Component (2020 & 2028)
7.3 Braking Systems
7.3.1 Overview
7.3.2 Braking System: Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
7.4 Wheels
7.4.1 Overview
7.4.2 Wheels: Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
7.5 Brakes
7.5.1 Overview
7.5.2 Brakes: Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
8. Aircraft Wheels and Brakes Market Analysis and Forecast To 2028 – Fit Type
8.1 Overview
8.2 Aircraft Wheels and Brakes Market, By Fit Type (2020 & 2028)
8.3 Line Fit
8.3.1 Overview
8.3.2 Line Fit: Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
8.4 Retro Fit
8.4.1 Overview
8.4.2 Retro Fit: Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
9. Aircraft Wheels and Brakes Market Analysis and Forecast To 2028 – End User
9.1 Overview
9.2 Aircraft Wheels and Brakes Market, By End User (2020 & 2028)
9.3 Defense
9.3.1 Overview
9.3.2 Defense: Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
9.4 Commercial
9.4.1 Overview
9.4.2 Commercial: Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
10. Aircraft Wheels and Brakes Market – Geographic Analysis
10.1 Overview
10.2 North America: Aircraft Wheels and Brakes Market
10.2.1 North America: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Aircraft Wheels and Brakes Market, by Component
10.2.3 North America: Aircraft Wheels and Brakes Market, by Fit Type
10.2.4 North America: Aircraft Wheels and Brakes Market, by End User
10.2.5 North America: Aircraft Wheels and Brakes Market, by Key Country
10.2.6 US: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.1 US: Aircraft Wheels and Brakes Market, by Component
10.2.6.2 US: Aircraft Wheels and Brakes Market, by Fit Type
10.2.6.3 US: Aircraft Wheels and Brakes Market, by End User
10.2.7 Canada: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.2.7.1 Canada: Aircraft Wheels and Brakes Market, by Component
10.2.7.2 Canada: Aircraft Wheels and Brakes Market, by Fit Type
10.2.7.3 Canada: Aircraft Wheels and Brakes Market, by End User
10.2.8 Mexico: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.2.8.1 Mexico: Aircraft Wheels and Brakes Market, by Component
10.2.8.2 Mexico: Aircraft Wheels and Brakes Market, by Fit Type
10.2.8.3 Mexico: Aircraft Wheels and Brakes Market, by End User
10.3 Europe: Aircraft Wheels and Brakes Market
10.3.1 Europe: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Aircraft Wheels and Brakes Market, by Component
10.3.3 Europe: Aircraft Wheels and Brakes Market, by Fit Type
10.3.4 Europe: Aircraft Wheels and Brakes Market, by End User
10.3.5 Europe: Aircraft Wheels and Brakes Market, by Key Country
10.3.6 France: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.1 France: Aircraft Wheels and Brakes Market, by Component
10.3.6.2 France: Aircraft Wheels and Brakes Market, by Fit Type
10.3.6.3 France: Aircraft Wheels and Brakes Market, by End User
10.3.7 Germany: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.3.7.1 Germany: Aircraft Wheels and Brakes Market, by Component
10.3.7.2 Germany: Aircraft Wheels and Brakes Market, by Fit Type
10.3.7.3 Germany: Aircraft Wheels and Brakes Market, by End User
10.3.8 Italy: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.3.8.1 Italy: Aircraft Wheels and Brakes Market, by Component
10.3.8.2 Italy: Aircraft Wheels and Brakes Market, by Fit Type
10.3.8.3 Italy: Aircraft Wheels and Brakes Market, by End User
10.3.9 UK: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.3.9.1 UK: Aircraft Wheels and Brakes Market, by Component
10.3.9.2 UK: Aircraft Wheels and Brakes Market, by Fit Type
10.3.9.3 UK: Aircraft Wheels and Brakes Market, by End User
10.3.10 Russia: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.3.10.1 Russia: Aircraft Wheels and Brakes Market, by Component
10.3.10.2 Russia: Aircraft Wheels and Brakes Market, by Fit Type
10.3.10.3 Russia: Aircraft Wheels and Brakes Market, by End User
10.3.11 Rest of Europe: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.3.11.1 Rest of Europe: Aircraft Wheels and Brakes Market, by Component
10.3.11.2 Rest of Europe: Aircraft Wheels and Brakes Market, by Fit Type
10.3.11.3 Rest of Europe: Aircraft Wheels and Brakes Market, by End User
10.4 Asia Pacific: Aircraft Wheels and Brakes Market
10.4.1 Asia Pacific: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.4.2 Asia Pacific: Aircraft Wheels and Brakes Market, by Component
10.4.3 Asia Pacific: Aircraft Wheels and Brakes Market, by Fit Type
10.4.4 Asia Pacific: Aircraft Wheels and Brakes Market, by End User
10.4.5 Asia Pacific: Aircraft Wheels and Brakes Market, by Key Country
10.4.6 Australia: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.4.6.1 Australia: Aircraft Wheels and Brakes Market, by Component
10.4.6.2 Australia: Aircraft Wheels and Brakes Market, by Fit Type
10.4.6.3 Australia: Aircraft Wheels and Brakes Market, by End User
10.4.7 China: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.4.7.1 China: Aircraft Wheels and Brakes Market, by Component
10.4.7.2 China: Aircraft Wheels and Brakes Market, by Fit Type
10.4.7.3 China: Aircraft Wheels and Brakes Market, by End User
10.4.8 India: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.4.8.1 India: Aircraft Wheels and Brakes Market, by Component
10.4.8.2 India: Aircraft Wheels and Brakes Market, by Fit Type
10.4.8.3 India: Aircraft Wheels and Brakes Market, by End User
10.4.9 Japan: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.4.9.1 Japan: Aircraft Wheels and Brakes Market, by Component
10.4.9.2 Japan: Aircraft Wheels and Brakes Market, by Fit Type
10.4.9.3 Japan: Aircraft Wheels and Brakes Market, by End User
10.4.10 South Korea: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.4.10.1 South Korea: Aircraft Wheels and Brakes Market, by Component
10.4.10.2 South Korea: Aircraft Wheels and Brakes Market, by Fit Type
10.4.10.3 South Korea: Aircraft Wheels and Brakes Market, by End User
10.4.11 Rest of APAC: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.4.11.1 Rest of APAC: Aircraft Wheels and Brakes Market, by Component
10.4.11.2 Rest of APAC: Aircraft Wheels and Brakes Market, by Fit Type
10.4.11.3 Rest of APAC: Aircraft Wheels and Brakes Market, by End User
10.5 MEA: Aircraft Wheels and Brakes Market
10.5.1 MEA: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.5.2 MEA: Aircraft Wheels and Brakes Market, by Component
10.5.3 MEA: Aircraft Wheels and Brakes Market, by Fit Type
10.5.4 MEA: Aircraft Wheels and Brakes Market, by End User
10.5.5 MEA: Aircraft Wheels and Brakes Market, by Key Country
10.5.6 Saudi Arabia: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.5.6.1 Saudi Arabia: Aircraft Wheels and Brakes Market, by Component
10.5.6.2 Saudi Arabia: Aircraft Wheels and Brakes Market, by Fit Type
10.5.6.3 Saudi Arabia: Aircraft Wheels and Brakes Market, by End User
10.5.7 UAE: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.5.7.1 UAE: Aircraft Wheels and Brakes Market, by Component
10.5.7.2 UAE: Aircraft Wheels and Brakes Market, by Fit Type
10.5.7.3 UAE: Aircraft Wheels and Brakes Market, by End User
10.5.8 South Africa: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.5.8.1 South Africa: Aircraft Wheels and Brakes Market, by Component
10.5.8.2 South Africa: Aircraft Wheels and Brakes Market, by Fit Type
10.5.8.3 South Africa: Aircraft Wheels and Brakes Market, by End User
10.5.9 Rest of MEA: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.5.9.1 Rest of MEA: Aircraft Wheels and Brakes Market, by Component
10.5.9.2 Rest of MEA: Aircraft Wheels and Brakes Market, by Fit Type
10.5.9.3 Rest of MEA: Aircraft Wheels and Brakes Market, by End User
10.6 SAM: Aircraft Wheels and Brakes Market
10.6.1 SAM: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.6.2 SAM: Aircraft Wheels and Brakes Market, by Component
10.6.3 SAM: Aircraft Wheels and Brakes Market, by Fit Type
10.6.4 SAM: Aircraft Wheels and Brakes Market, by End User
10.6.5 SAM: Aircraft Wheels and Brakes Market, by Key Country
10.6.6 Brazil: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.6.6.1 Brazil: Aircraft Wheels and Brakes Market, by Component
10.6.6.2 Brazil: Aircraft Wheels and Brakes Market, by Fit Type
10.6.6.3 Brazil: Aircraft Wheels and Brakes Market, by End User
10.6.7 Argentina: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.6.7.1 Argentina: Aircraft Wheels and Brakes Market, by Component
10.6.7.2 Argentina: Aircraft Wheels and Brakes Market, by Fit Type
10.6.7.3 Argentina: Aircraft Wheels and Brakes Market, by End User
10.6.8 Rest of SAM: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.6.8.1 Rest of SAM: Aircraft Wheels and Brakes Market, by Component
10.6.8.2 Rest of SAM: Aircraft Wheels and Brakes Market, by Fit Type
10.6.8.3 Rest of SAM: Aircraft Wheels and Brakes Market, by End User
11. Aircraft Wheels and Brakes Market - COVID-19 Impact Analysis
11.1 Overview
11.1.1 North America: Impact Assessment of COVID-19 Pandemic
11.1.2 Europe: Impact Assessment of COVID-19 Pandemic
11.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.1.5 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
13. Company Profiles
13.1 BERINGER AERO
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Collins Aerospace
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Honeywell International Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Meggitt PLC
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Parker Hannifin Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Safran
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 MATCO Manufacturing Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 JAY-Em Aerospace and Machine, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Grove Aircraft Landing Gear System Inc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Crane Aerospace & Electronics
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Global Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Aircraft Wheels and Brakes Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe: Aircraft Wheels and Brakes Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 19. France: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 20. France: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. France: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 22. Germany: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 23. Germany: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Germany: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 29. UK: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. UK: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 37. Asia Pacific: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 38. Asia Pacific: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. Asia Pacific: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 40. Asia Pacific: Aircraft Wheels and Brakes Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 41. Australia: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 44. China: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 45. China: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 46. China: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 47. India: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 48. India: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. India: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 50. Japan: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 52. Japan: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 55. South Korea: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of APAC: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of APAC: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of APAC: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 59. MEA: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 60. MEA: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 61. MEA: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 62. MEA: Aircraft Wheels and Brakes Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 63. Saudi Arabia: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 64. Saudi Arabia: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 65. Saudi Arabia: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 66. UAE: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 67. UAE: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 68. UAE: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 69. South Africa: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 70. South Africa: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 71. South Africa: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of MEA: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of MEA: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of MEA: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 75. SAM: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 76. SAM: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 77. SAM: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 78. SAM: Aircraft Wheels and Brakes Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 79. Brazil: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 80. Brazil: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 81. Brazil: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 82. Argentina: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 83. Argentina: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 84. Argentina: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 85. Rest of SAM: Aircraft Wheels and Brakes Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 86. Rest of SAM: Aircraft Wheels and Brakes Market, by Fit Type – Revenue and Forecast to 2028 (US$ Million)
Table 87. Rest of SAM: Aircraft Wheels and Brakes Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 88. List of Abbreviation
LIST OF FIGURES
Figure 1. Aircraft Wheels and Brakes Market Segmentation
Figure 2. Aircraft Wheels and Brakes Market Segmentation – By Geography
Figure 3. Global Aircraft Wheels and Brakes Market Overview
Figure 4. Aircraft Wheels and Brakes Market, by Component
Figure 5. Aircraft Wheels and Brakes Market, by Fit Type
Figure 6. Aircraft Wheels and Brakes Market, By Geography
Figure 7. Aircraft Wheels and Brakes Market - Porter’s Five Forces Analysis
Figure 8. Aircraft Wheels and Brakes Market : Ecosystem Analysis
Figure 9. Aircraft Wheels and Brakes Market: Impact Analysis of Drivers and Restraints
Figure 10. Geographic Overview of Aircraft Wheels and Brakes Market
Figure 11. Global Aircraft Wheels and Brakes Market Revenue Forecast and Analysis (US$ Million)
Figure 12. Aircraft Wheels and Brakes Market, by Component (2020 & 2028)
Figure 13. Braking System: Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Wheels: Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Brakes: Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Aircraft Wheels and Brakes Market, By Fit Type (2020 & 2028)
Figure 17. Line Fit: Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Retro Fit: Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Aircraft Wheels and Brakes Market, By End User (2020 & 2028)
Figure 20. Defense: Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Commercial: Aircraft Wheels and Brakes Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Global Aircraft Wheels and Brakes Market Revenue Share, By Region (2020 & 2028)
Figure 23. North America: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America: Aircraft Wheels and Brakes Market Revenue Share, by Component (2020 & 2028)
Figure 25. North America: Aircraft Wheels and Brakes Market Revenue Share, by Fit Type (2020 & 2028)
Figure 26. North America: Aircraft Wheels and Brakes Market Revenue Share, by End User (2020 & 2028)
Figure 27. North America: Aircraft Wheels and Brakes Market Revenue Share, by Key Country (2020 & 2028)
Figure 28. US: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Canada: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Mexico: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Europe: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Europe: Aircraft Wheels and Brakes Market Revenue Share, by Component (2020 & 2028)
Figure 33. Europe: Aircraft Wheels and Brakes Market Revenue Share, by Fit Type (2020 & 2028)
Figure 34. Europe: Aircraft Wheels and Brakes Market Revenue Share, by End User (2020 & 2028)
Figure 35. Europe: Aircraft Wheels and Brakes Market Revenue Share, by Key Country (2020 & 2028)
Figure 36. France: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Germany: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Italy: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. UK: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Russia: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Rest of Europe: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Asia Pacific: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Asia Pacific: Aircraft Wheels and Brakes Market Revenue Share, by Component (2020 & 2028)
Figure 44. Asia Pacific: Aircraft Wheels and Brakes Market Revenue Share, by Fit Type (2020 & 2028)
Figure 45. Asia Pacific: Aircraft Wheels and Brakes Market Revenue Share, by End User (2020 & 2028)
Figure 46. Asia Pacific: Aircraft Wheels and Brakes Market Revenue Share, by Key Country (2020 & 2028)
Figure 47. Australia: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. China: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. India: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Japan: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. South Korea: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Rest of APAC: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. MEA: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. MEA: Aircraft Wheels and Brakes Market Revenue Share, by Component (2020 & 2028)
Figure 55. MEA: Aircraft Wheels and Brakes Market Revenue Share, by Fit Type (2020 & 2028)
Figure 56. MEA: Aircraft Wheels and Brakes Market Revenue Share, by End User (2020 & 2028)
Figure 57. MEA: Aircraft Wheels and Brakes Market Revenue Share, by Key Country (2020 & 2028)
Figure 58. Saudi Arabia: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. UAE: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. South Africa: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Rest of MEA: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. SAM: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. SAM: Aircraft Wheels and Brakes Market Revenue Share, by Component (2020 & 2028)
Figure 64. SAM: Aircraft Wheels and Brakes Market Revenue Share, by Fit Type (2020 & 2028)
Figure 65. SAM: Aircraft Wheels and Brakes Market Revenue Share, by End User (2020 & 2028)
Figure 66. SAM: Aircraft Wheels and Brakes Market Revenue Share, by Key Country (2020 & 2028)
Figure 67. Brazil: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. Argentina: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Rest of SAM: Aircraft Wheels and Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. Impact of COVID-19 Pandemic in North America Country Markets
Figure 71. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 72. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 73. Impact of COVID-19 Pandemic in Middle East and Africa Countries
Figure 74. Impact of COVID-19 Pandemic in South America Countries
The List of Companies - Aircraft Wheels and Brakes Market
- Beringer Aero
- Collins Aerospace
- Honeywell International Inc.
- Meggitt PLC
- Parker Hannifin Corporation
- Safran
- MATCO Manufacturing Inc
- JAY-Em Aerospace and Machine, Inc.
- Grove Aircraft Landing Gear System Inc
- Crane Aerospace & Electronics
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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