[Research Report] The automatic dependent surveillance-broadcast market was valued at US$ 815.92 million in 2019 and is projected to reach US$ 3020.20 million by 2027; it is expected to grow at a CAGR of 18.3% from 2020 to 2027.
Automatic Dependent Surveillance-Broadcast (ADS-B) is a surveillance technique that does not require any external stimulus. Aircraft use the automatic dependent surveillance-broadcast (ADS-B) technique to broadcast information about their position and identity, along with other information obtained from onboard systems, such as Global Navigation Satellite System (GNSS). ADS-B exhibits features such as high performance, environmental sustainability, increased capacity, global interoperability, and improved safety. Additionally, ADS-B surveillance infrastructure is cheaper than primary radar technology.
All the aircraft operating in most of the US airspace are advised to transmit specific information through ADS-B OUT avionics. This mandate was brought in effect from January 1, 2020. Australia, Hong Kong, Taiwan, Vietnam, India, and the UAE are the other countries having such mandates regarding the adoption of ADS-B. With increasing domestic and international air traffic, need to have ADS-B is becoming popular; therefore, countries such as New Zealand, Saudi Arabia, Mangolia, Canada, and South Africa are also introducing such mandates. Further, the increasing number of aircraft orders and deliveries across the world and rising investments in the upgrading of commercial airports with advanced facilities and technologies is instrumental in boosting the adoption of ADS-B. Moreover, the emergence of portable ADS-B that save cost of manufacturing and installing the standard ADS-B is expected to contribute the market growth in the coming years.
Impact of COVID-19 Pandemic on Automatic Dependent Surveillance-Broadcast Market
The recent COVID-19 outbreak has significantly affected the world. Until the outbreak, the aerospace industry was experiencing substantial growth in terms of production, despite huge backlogs from the aircraft manufacturers; the global industry witnessed a significant rise in the number of passenger counts, an increase in aircraft procurement (both commercial and military). Unfortunately, the COVID-19 pandemic has affected the demand for aircraft globally, which resulted in significantly lower volumes of orders among the aircraft manufacturers. The decline in production volumes adversely affected the businesses of various component manufacturers and associated technologies, including automatic dependent surveillance-broadcast products. Amid the COVID-19 pandemic, the entire commercial aviation industry came to halt, with the availability of minimal resources. The measures taken by governments and airline companies to temporarily shut down their businesses have severely affected the entire aviation aftermarket, thereby adversely impacting the procurement of new ADS-B components. This factor has also reduced the demand for ADS-B component.
Lucrative Regional Markets for Automatic Dependent Surveillance-Broadcast Providers
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Automatic Dependent Surveillance-Broadcast Market Insights
Deployment of ADS-B in Military Applications Fuels Growth of Automatic Dependent Surveillance-Broadcast Market
The scope of ADS-B to ensure the precise tracking of aircraft is expanding. With continuous technological developments, the integration of ADS-B among military aircraft is on rise. According to the US Air Force, the Pentagon is projected to have 2,936 aircraft equipped with ADS-B Out, guided by the FAA-mandate. By 2025, the US Department of Defense (DoD) aims to have ~62% of their aircraft equipped with ADS-B Out—including 67% of helicopters; 35% of fighter aircraft; and 100% of mobility, trainer aircraft, command and control/intelligence, surveillance, and reconnaissance (C2/ISR). As per the US Air Force, ~1,129 helicopters, 259 C2/ISR aircraft, 923 mobility aircraft, and 625 trainers are expected to be equipped with ADS-B. In DoD, the aircraft that are subjected to receive ADS-B Out includes Boeing C-17 Globemasters, Lockheed Martin UH-60 Black Hawk helicopters, Lockheed Martin C-130, and C-5 transports. Such massive expansion of ADS-B applications in military aviation fuels the growth of the automatic dependent surveillance-broadcast market.
Type-Based Market Insights
Based on type, the automatic dependent surveillance-broadcast market is segmented into on-board and ground stations. The on-board segment dominates the market owing to increase in the number of aircraft manufacturing and the retrofitting of the ADS-B technology, coupled with the tightening of mandates regarding the use of ADS-B surveillance technique in aircraft.
Automatic Dependent Surveillance-Broadcast Market, by Type—2019 and 2027
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Application-Based Market Insights
Based on application, the automatic dependent surveillance-broadcast market is segmented into terminal manoeuvring airspace (TMA) and airborne surveillance. The airborne surveillance continues to hold a significant share in automatic dependent surveillance-broadcast market. With rising need to know about exact position, altitude, and other important information of an aircraft, the demand for ADS-B is rising among aircraft and ground stations. The assistance provided by ADS-B in increasing airspace capacity is supporting the deployment of airborne surveillance systems.
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Automatic Dependent Surveillance-Broadcast Market: Strategic Insights
Market Size Value in US$ 815.92 Million in 2019 Market Size Value by US$ 3020.20 Million by 2027 Growth rate CAGR of 18.3% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Automatic Dependent Surveillance-Broadcast Market: Strategic Insights
| Market Size Value in | US$ 815.92 Million in 2019 |
| Market Size Value by | US$ 3020.20 Million by 2027 |
| Growth rate | CAGR of 18.3% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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The players operating in the automatic dependent surveillance-broadcast market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
In 2020, Thales Group signed an agreement with ENAIRE to supply two ADS-B aerial surveillance stations, one for outdoor use and another one for indoor use, to be installed in the radar tower in Spain to provide ADS-B surveillance coverage for the bordering Atlantic ocean zone.
In 2019, Garmin Ltd. launched GTX 335D and GTX 345D, two new diversity transponders that would provide optimal automatic dependent surveillance-broadcast (ADS-B) out coverage and visibility while operating throughout the global airspace system.
By Type
- On-board
- Ground Stations
By Application
- Terminal Manoeuvring Airspace
- Airborne Surveillance
By
Component
- Antenna
- Receiver
- Transponder
- ADS-B Ground Receivers
By Geography
- 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 & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America (SAM)
- Brazil
- Rest of SAM
Company Profiles
- Avidyne Corporation
- Aspen Avionics, Inc.
- Collins Aerospace, a Raytheon Technologies company
- FreeFlight Systems
- Garmin Ltd.
- Honeywell International Inc.
- IndraSistemas, S.A.
- L3Harris Technologies, Inc.
- Trig Avionics Limited
- Thales Group
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type , Component
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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
In terms of type, the automatic dependent surveillance-broadcast market is segmented into on-board and ground stations. The on-board segment dominates automatic dependent surveillance-broadcast market, owing to increase in number of aircraft manufacturing and retrofitting of the technology coupled with mandates for using ADS-B surveillance technique for tracking aircraft’s position. With growing mandates for equipping aircraft with ADS-B technology, the adoption of on-board ADS-B among aircraft manufacturers is rising which is boosting on-board ADS-B systems. This is driving the automatic dependent surveillance-broadcast market.
The global aviation industry is experiencing swift growth, recording significant production volumes of commercial and military aircraft fleet. The commercial aircraft fleet has witnessed massive growth in the past few years owing to the emergence of new low-cost carriers (LCCs) and fleet expansion strategies adopted by the full-service carriers (FSCs). Apart from commercial aviation sector, the military aviation sector is consistently growing year on year in terms of aircraft manufacturing and deliveries. The business jets or corporate jets are also in great demand owing to the mounting international trade and businesses, which is increasing the extent of travel of managerial executives to various countries across the world. With the growing number of aircraft deliveries, the integration of technologies such as ADS-B will also increase steadily. As ADS-B helps collect data related to speed, velocity, and position of an aircraft, their adoption is growing among military and commercial aviation.
North American led the automatic dependent surveillance-broadcast market in 2019, and is expected to continue dominating the market throughout the forecast period. The region comprises the largest fleet of commercial and defense aircraft worldwide. Large number of commercial and military fleets in operations in the domestic, as well as international arena is coupled with a high average passenger mile flown value in the region, propel the demand for airport and aircraft communication components. The countries across the region have a considerable presence of both commercial and military airports. Some are upgrading ADS-B and associated systems in these airport sites for both ground and aircraft signal reception applications.
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. Automatic Dependent Surveillance-Broadcast Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
5. Automatic Dependent Surveillance-Broadcast Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Orders Deliveries of Aircraft
5.1.2 Growing Investment in Commercial Airports
5.2 Market Restraint
5.2.1 Low Adoption Rate of ADS-B in Developing Countries
5.3 Market Opportunity
5.3.1 Deployment of ADS-B for Military Purpose
5.3.2 Establishment of Norms for integrating ADS-B
5.4 Market Trend
5.4.1 Advent of Portable ADS-B
5.5 Impact Analysis of Drivers and Restraints
6. Automatic Dependent Surveillance-Broadcast – Global Market Analysis
6.1 Overview
6.2 Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players Ranking
7. Automatic Dependent Surveillance-Broadcast Market Analysis – By Type
7.1 Overview
7.2 Automatic Dependent Surveillance-Broadcast Market, By Type (2019 and 2027)
7.3 On-Board
7.3.1 Overview
7.3.2 On-Board: Automatic Dependent Surveillance-Broadcast Market –Revenue and Forecast to 2027 (US$ Million)
7.4 Ground Station
7.4.1 Overview
7.4.2 Ground Station: Automatic Dependent Surveillance-Broadcast Market –Revenue and Forecast to 2027 (US$ Million)
8. Automatic Dependent Surveillance-Broadcast Market Analysis – By Application
8.1 Overview
8.2 Automatic Dependent Surveillance-Broadcast Market, By Application (2019 and 2027)
8.3 Terminal Manoeuvring Airspace (TMA)
8.3.1 Overview
8.3.2 Terminal Manoeuvring Airspace (TMA): Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Airborne Surveillance
8.4.1 Overview
8.4.2 Airborne Surveillance: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
9. Automatic Dependent Surveillance-Broadcast Market Analysis – By Components
9.1 Overview
9.2 Automatic Dependent Surveillance-Broadcast Market, By Components (2019 and 2027)
9.3 Antenna
9.3.1 Overview
9.3.2 Antenna: Automatic Dependent Surveillance-Broadcast Market –Revenue and Forecast to 2027 (US$ Million)
9.4 Receiver
9.4.1 Overview
9.4.2 Receiver: Automatic Dependent Surveillance-Broadcast Market –Revenue and Forecast to 2027 (US$ Million)
9.5 Transponder
9.5.1 Overview
9.5.2 Transponder: Automatic Dependent Surveillance-Broadcast Market –Revenue and Forecast to 2027 (US$ Million)
9.6 ADS-B Ground Receiver
9.6.1 Overview
9.6.2 ADS-B Ground Receiver: Automatic Dependent Surveillance-Broadcast Market –Revenue and Forecast to 2027 (US$ Million)
10. Automatic Dependent Surveillance-Broadcast Market – Geographic Analysis
10.1 Overview
10.2 North America: Automatic Dependent Surveillance-Broadcast Market
10.2.1 North America: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.2.2 North America: Automatic Dependent Surveillance-Broadcast Market, By Type
10.2.3 North America: Automatic Dependent Surveillance-Broadcast Market, By Application
10.2.4 North America: Automatic Dependent Surveillance-Broadcast Market, By Component
10.2.5 North America: Automatic Dependent Surveillance-Broadcast Market, By Country
10.2.5.1 US: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.2.5.1.1 US: Automatic Dependent Surveillance-Broadcast Market, By Type
10.2.5.1.2 US: Automatic Dependent Surveillance-Broadcast Market, By Application
10.2.5.1.3 US: Automatic Dependent Surveillance-Broadcast Market, By Component
10.2.5.2 Canada: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.2.5.2.1 Canada: Automatic Dependent Surveillance-Broadcast Market, By Type
10.2.5.2.2 Canada: Automatic Dependent Surveillance-Broadcast Market, By Application
10.2.5.2.3 Canada: Automatic Dependent Surveillance-Broadcast Market, By Component
10.2.5.3 Mexico: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.2.5.3.1 Mexico: Automatic Dependent Surveillance-Broadcast Market, By Type
10.2.5.3.2 Mexico: Automatic Dependent Surveillance-Broadcast Market, By Application
10.2.5.3.3 Mexico: Automatic Dependent Surveillance-Broadcast Market, By Component
10.3 Europe : Automatic Dependent Surveillance-Broadcast Market
10.3.1 Europe: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.3.2 Europe: Automatic Dependent Surveillance-Broadcast Market, By Type
10.3.3 Europe: Automatic Dependent Surveillance-Broadcast Market, By Application
10.3.4 Europe: Automatic Dependent Surveillance-Broadcast Market, By Component
10.3.5 Europe: Automatic Dependent Surveillance-Broadcast Market, By Country
10.3.5.1 Germany: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.1.1 Germany: Automatic Dependent Surveillance-Broadcast Market, By Type
10.3.5.1.2 Germany: Automatic Dependent Surveillance-Broadcast Market, By Application
10.3.5.1.3 Germany: Automatic Dependent Surveillance-Broadcast Market, By Component
10.3.5.2 France: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.2.1 France: Automatic Dependent Surveillance-Broadcast Market, By Type
10.3.5.2.2 France: Automatic Dependent Surveillance-Broadcast Market, By Application
10.3.5.2.3 France: Automatic Dependent Surveillance-Broadcast Market, By Component
10.3.5.3 Italy: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.3.1 Italy: Automatic Dependent Surveillance-Broadcast Market, By Type
10.3.5.3.2 Italy: Automatic Dependent Surveillance-Broadcast Market, By Application
10.3.5.3.3 Italy: Automatic Dependent Surveillance-Broadcast Market, By Component
10.3.5.4 UK: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.4.1 UK: Automatic Dependent Surveillance-Broadcast Market, By Type
10.3.5.4.2 UK: Automatic Dependent Surveillance-Broadcast Market, By Application
10.3.5.4.3 UK: Automatic Dependent Surveillance-Broadcast Market, By Component
10.3.5.5 Russia: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.5.1 Russia: Automatic Dependent Surveillance-Broadcast Market, By Type
10.3.5.5.2 Russia: Automatic Dependent Surveillance-Broadcast Market, By Application
10.3.5.5.3 Russia: Automatic Dependent Surveillance-Broadcast Market, By Component
10.3.5.6 Rest of Europe: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.6.1 Rest of Europe: Automatic Dependent Surveillance-Broadcast Market, By Type
10.3.5.6.2 Rest of Europe: Automatic Dependent Surveillance-Broadcast Market, By Application
10.3.5.6.3 Rest of Europe: Automatic Dependent Surveillance-Broadcast Market, By Component
10.4 APAC: Automatic Dependent Surveillance-Broadcast Market
10.4.1 APAC: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.4.2 APAC: Automatic Dependent Surveillance-Broadcast Market, By Type
10.4.3 APAC: Automatic Dependent Surveillance-Broadcast Market, By Application
10.4.4 APAC: Automatic Dependent Surveillance-Broadcast Market, By Component
10.4.5 APAC: Automatic Dependent Surveillance-Broadcast Market, By Country
10.4.5.1 China: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.1.1 China: Automatic Dependent Surveillance-Broadcast Market, By Type
10.4.5.1.2 China: Automatic Dependent Surveillance-Broadcast Market, By Application
10.4.5.1.3 China: Automatic Dependent Surveillance-Broadcast Market, By Component
10.4.5.2 India: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.2.1 India: Automatic Dependent Surveillance-Broadcast Market, By Type
10.4.5.2.2 India: Automatic Dependent Surveillance-Broadcast Market, By Application
10.4.5.2.3 India: Automatic Dependent Surveillance-Broadcast Market, By Component
10.4.5.3 Japan: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.3.1 Japan: Automatic Dependent Surveillance-Broadcast Market, By Type
10.4.5.3.2 Japan: Automatic Dependent Surveillance-Broadcast Market, By Application
10.4.5.3.3 Japan: Automatic Dependent Surveillance-Broadcast Market, By Component
10.4.5.4 South Korea: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.4.1 South Korea: Automatic Dependent Surveillance-Broadcast Market, By Type
10.4.5.4.2 South Korea: Automatic Dependent Surveillance-Broadcast Market, By Application
10.4.5.4.3 South Korea: Automatic Dependent Surveillance-Broadcast Market, By Component
10.4.5.5 Australia: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.5.1 Australia: Automatic Dependent Surveillance-Broadcast Market, By Type
10.4.5.5.2 Australia: Automatic Dependent Surveillance-Broadcast Market, By Application
10.4.5.5.3 Australia: Automatic Dependent Surveillance-Broadcast Market, By Component
10.4.5.6 Rest of APAC: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.6.1 Rest of APAC: Automatic Dependent Surveillance-Broadcast Market, By Type
10.4.5.6.2 Rest of APAC: Automatic Dependent Surveillance-Broadcast Market, By Application
10.4.5.6.3 Rest of APAC: Automatic Dependent Surveillance-Broadcast Market, By Component
10.5 MEA: Automatic Dependent Surveillance-Broadcast Market
10.5.1 MEA: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.5.2 MEA: Automatic Dependent Surveillance-Broadcast Market, By Type
10.5.3 MEA: Automatic Dependent Surveillance-Broadcast Market, By Application
10.5.4 MEA: Automatic Dependent Surveillance-Broadcast Market, By Component
10.5.5 MEA: Automatic Dependent Surveillance-Broadcast Market, By Country
10.5.5.1 South Africa: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.1.1 South Africa: Automatic Dependent Surveillance-Broadcast Market, By Type
10.5.5.1.2 South Africa: Automatic Dependent Surveillance-Broadcast Market, By Application
10.5.5.1.3 South Africa: Automatic Dependent Surveillance-Broadcast Market, By Component
10.5.5.2 Saudi Arabia: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.2.1 Saudi Arabia: Automatic Dependent Surveillance-Broadcast Market, By Type
10.5.5.2.2 Saudi Arabia: Automatic Dependent Surveillance-Broadcast Market, By Application
10.5.5.2.3 Saudi Arabia: Automatic Dependent Surveillance-Broadcast Market, By Component
10.5.5.3 UAE: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.3.1 UAE: Automatic Dependent Surveillance-Broadcast Market, By Type
10.5.5.3.2 UAE: Automatic Dependent Surveillance-Broadcast Market, By Application
10.5.5.3.3 UAE: Automatic Dependent Surveillance-Broadcast Market, By Component
10.5.5.4 Rest of MEA: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.4.1 Rest of MEA: Automatic Dependent Surveillance-Broadcast Market, By Type
10.5.5.4.2 Rest of MEA: Automatic Dependent Surveillance-Broadcast Market, By Application
10.5.5.4.3 Rest of MEA: Automatic Dependent Surveillance-Broadcast Market, By Component
10.6 SAM: Automatic Dependent Surveillance-Broadcast Market
10.6.1 SAM: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.6.2 SAM: Automatic Dependent Surveillance-Broadcast Market, By Type
10.6.3 SAM: Automatic Dependent Surveillance-Broadcast Market, By Application
10.6.4 SAM: Automatic Dependent Surveillance-Broadcast Market, By Component
10.6.5 SAM: Automatic Dependent Surveillance-Broadcast Market, By Country
10.6.5.1 Brazil: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.6.5.1.1 Brazil: Automatic Dependent Surveillance-Broadcast Market, By Type
10.6.5.1.2 Brazil: Automatic Dependent Surveillance-Broadcast Market, By Application
10.6.5.1.3 Brazil: Automatic Dependent Surveillance-Broadcast Market, By Component
10.6.5.2 Rest of SAM: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
10.6.5.2.1 Rest of SAM: Automatic Dependent Surveillance-Broadcast Market, By Type
10.6.5.2.2 Rest of SAM: Automatic Dependent Surveillance-Broadcast Market, By Application
10.6.5.2.3 Rest of SAM: Automatic Dependent Surveillance-Broadcast Market, By Component
11. Automatic Dependent Surveillance-Broadcast Market- COVID-19 Impact Analysis
11.1 Impact of COVID-19 Pandemic on Global Automatic Dependent Surveillance-Broadcast Market
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 New Product Development
13. Company Profiles
13.1 Avidyne Corporation
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 Aspen Avionics, Inc.
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 Collins Aerospace, a Raytheon Technologies Company
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 FreeFlight Systems
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 Garmin Ltd.
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 Honeywell International Inc.
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 Indra Sistemas, S.A.
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 L3Harris Technologies, 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 Trig Avionics Limited
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 Thales Group
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. Boeing and Airbus: Aircraft Order and Delivery Data, 2018 and 2019
Table 2. Automatic Dependent Surveillance-Broadcast Market – Revenue, and Forecast to 2027 (US$ Million)
Table 3. North America Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 4. North America Automatic Dependent Surveillance-Broadcast Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 5. North America Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 6. US Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 7. US Automatic Dependent Surveillance-Broadcast Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 8. US Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 9. Canada Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 10. Canada Automatic Dependent Surveillance-Broadcast Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 11. Canada Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 12. Mexico Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 13. Mexico Automatic Dependent Surveillance-Broadcast Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 14. Mexico Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 15. Europe Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 16. Europe Automatic Dependent Surveillance-Broadcast Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 17. Europe Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 18. Germany Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 19. Germany Automatic Dependent Surveillance-Broadcast Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 20. Germany Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 21. France Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 22. France Automatic Dependent Surveillance-Broadcast Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 23. France Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 24. Italy Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 25. Italy Automatic Dependent Surveillance-Broadcast Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 26. Italy Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 27. UK Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 28. UK Automatic Dependent Surveillance-Broadcast Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 29. UK Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 30. Russia Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 31. Russia Automatic Dependent Surveillance-Broadcast Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 32. Russia Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 33. Rest of Europe Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 34. Rest of Europe Automatic Dependent Surveillance-Broadcast Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 35. Rest of Europe Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 36. APAC Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 37. APAC Automatic Dependent Surveillance-Broadcast Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 38. APAC Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 39. China Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 40. China Automatic Dependent Surveillance-Broadcast Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 41. China Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 42. India Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 43. India Automatic Dependent Surveillance-Broadcast Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 44. India Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 45. Japan Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 46. Japan Automatic Dependent Surveillance-Broadcast Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 47. Japan Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 48. South Korea Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 49. South Korea Automatic Dependent Surveillance-Broadcast Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 50. South Korea Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 51. Australia Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 52. Australia Automatic Dependent Surveillance-Broadcast Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 53. Australia Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 54. Rest of APAC Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 55. Rest of APAC Automatic Dependent Surveillance-Broadcast Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 56. Rest of APAC Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 57. MEA Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 58. MEA Automatic Dependent Surveillance-Broadcast Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 59. MEA Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 60. South Africa Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 61. South Africa Automatic Dependent Surveillance-Broadcast Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 62. South Africa Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 63. Saudi Arabia Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 64. Saudi Arabia Automatic Dependent Surveillance-Broadcast Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 65. Saudi Arabia Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 66. UAE Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 67. UAE Automatic Dependent Surveillance-Broadcast Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 68. UAE Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 69. Rest of MEA Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 70. Rest of MEA Automatic Dependent Surveillance-Broadcast Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 71. Rest of MEA Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 72. SAM Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 73. SAM Automatic Dependent Surveillance-Broadcast Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 74. SAM Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 75. Brazil Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 76. Brazil Automatic Dependent Surveillance-Broadcast Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 77. Brazil Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 78. Rest of SAM Automatic Dependent Surveillance-Broadcast Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 79. Rest of SAM Automatic Dependent Surveillance-Broadcast Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 80. Rest of SAM Automatic Dependent Surveillance-Broadcast Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 81. List of Abbreviation
LIST OF FIGURES
Figure 1. Automatic Dependent Surveillance-Broadcast Market Segmentation
Figure 2. Automatic Dependent Surveillance-Broadcast Market Segmentation – By Geography
Figure 3. Global Automatic Dependent Surveillance-Broadcast Market Overview
Figure 4. Automatic Dependent Surveillance-Broadcast Market, by Geography
Figure 5. Automatic Dependent Surveillance-Broadcast Market, By Type
Figure 6. Automatic Dependent Surveillance-Broadcast Market, By Components
Figure 7. Porter’s Five Forces Analysis
Figure 8. Ecosystem Analysis
Figure 9. Automatic Dependent Surveillance-Broadcast Market: Impact Analysis of Drivers and Restraint
Figure 10. Geographic Overview of Automatic Dependent Surveillance-Broadcast Market
Figure 11. Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. Automatic Dependent Surveillance-Broadcast Market Revenue Share, by Type (2019 and 2027)
Figure 13. On-Board: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Ground Station: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Automatic Dependent Surveillance-Broadcast Market Revenue Share, by Application (2019 and 2027)
Figure 16. Terminal Manoeuvring Airspace (TMA): Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Airborne Surveillance: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Automatic Dependent Surveillance-Broadcast Market Revenue Share, by Components (2019 and 2027)
Figure 19. Antenna: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Receiver: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Transponder: Automatic Dependent Surveillance-Broadcast Market –Revenue and Forecast to 2027 (US$ Million)
Figure 22. ADS-B Ground Receiver: Automatic Dependent Surveillance-Broadcast Market –Revenue and Forecast to 2027 (US$ Million)
Figure 23. Global Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Region (2019 and 2027)
Figure 24. North America: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. North America Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Type (2019 and 2027)
Figure 26. North America Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Application (2019 and 2027)
Figure 27. North America Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Component (2019 and 2027)
Figure 28. North America Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Country (2019 and 2027)
Figure 29. US: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Canada: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Mexico: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Europe: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Europe: Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Type (2019 and 2027)
Figure 34. Europe: Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Application (2019 and 2027)
Figure 35. Europe: Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Component (2019 and 2027)
Figure 36. Europe: Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Country (2019 and 2027)
Figure 37. Germany: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 38. France: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 39. Italy: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 40. UK: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 41. Russia: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 42. Rest of Europe: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 43. APAC: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 44. APAC: Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Type (2019 and 2027)
Figure 45. APAC: Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Application (2019 and 2027)
Figure 46. APAC: Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Component (2019 and 2027)
Figure 47. APAC: Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Country (2019 and 2027)
Figure 48. China: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 49. India: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 50. Japan: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 51. South Korea: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 52. Australia: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 53. Rest of APAC: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 54. MEA: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 55. MEA: Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Type (2019 and 2027)
Figure 56. MEA: Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Application (2019 and 2027)
Figure 57. MEA: Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Component (2019 and 2027)
Figure 58. MEA: Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Country (2019 and 2027)
Figure 59. South Africa: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 60. Saudi Arabia: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 61. UAE: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 62. Rest of MEA: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 63. SAM: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 64. SAM: Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Type (2019 and 2027)
Figure 65. SAM: Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Application (2019 and 2027)
Figure 66. SAM: Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Component (2019 and 2027)
Figure 67. SAM: Automatic Dependent Surveillance-Broadcast Market Revenue Share, By Country (2019 and 2027)
Figure 68. Brazil: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 69. Rest of SAM: Automatic Dependent Surveillance-Broadcast Market – Revenue and Forecast to 2027 (US$ Million)
Figure 70. Impact of COVID-19 Pandemic in North American Country Markets
Figure 71. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 72. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 73. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 74. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Automatic Dependent Surveillance-Broadcast Market
- Avidyne Corporation
- Collins Aerospace
- Aspen Avionics Inc.
- Freeflight Systems
- Garmin Ltd.
- Honeywell International Inc.
- Indra Sistemas, SA
- L3Harris Technologies
- Trig Avionics Ltd.
- Thales Group
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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