The surge in number of aircraft MRO hangars and rising demand for vibration meters are driving the commercial aircraft testing equipment market growth. A surge in the procurement of various commercial aircraft fleets has led to a substantial rise in the number of aircraft MRO shops or hangars worldwide. The construction of new aircraft MRO hangars and MRO bays is directly proportional to the demand for various testing equipment, which is one of the critical catalyzers of the commercial aircraft testing equipment market.
MARKET SCOPE
The "Global Commercial Aircraft Testing Equipment Analysis to 2031" is a specialized and in-depth study of the commercial aircraft testing equipment with a special focus on the global market trend analysis. The report aims to provide an overview of the commercial aircraft testing equipment market with detailed market segmentation by product type, aircraft type, end user and geography. The report provides key statistics on the market status of the leading commercial aircraft testing equipment market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
MARKET DYNAMICS
Drivers-
Restraints-
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). The commercial aircraft testing equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the commercial aircraft testing equipment market in these regions.
IMPACT OF COVID-19 ON COMMERCIAL AIRCRAFT TESTING EQUIPMENT MARKET
The outbreak of the COVID-19 pandemic has severely impacted the aerospace industries, which resulted decline in the demand for commercial aircraft testing equipment in the year 2021. The restrictions on aircraft operations during Q2 and Q3 of 2021 disrupted the businesses of independent MRO service providers and airline operators with MRO facilities. The civil aviation industry across the region experienced dramatic changes in the first half of 2021. According to Bureau of Transportation Statistics (BTS), US, the domestic air travel across the US experienced a 97% decrease in passenger revenue from February to April 2021. The Canadian and Mexican aviation industry also experienced similar trends. This impacted the civil aviation manufacturers leading to decline in demand for commercial aircrafts from the region. Therefore, the COVID-19 pandemic negatively impacted the commercial aircraft testing equipment market heavily. Further, after restarting the airline businesses, most airlines are operating with a minimum number of aircraft fleets. In addition, a substantial volume of aircraft fleet was sent to long-term storage as the demand declined post-re-opening of the airline business. This also hampered the market dynamics during the initial phase of 2021.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). The commercial aircraft testing equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the commercial aircraft testing equipment market in these regions.
IMPACT OF COVID-19 ON COMMERCIAL AIRCRAFT TESTING EQUIPMENT MARKET
The outbreak of the COVID-19 pandemic has severely impacted the aerospace industries, which resulted decline in the demand for commercial aircraft testing equipment in the year 2021. The restrictions on aircraft operations during Q2 and Q3 of 2021 disrupted the businesses of independent MRO service providers and airline operators with MRO facilities. The civil aviation industry across the region experienced dramatic changes in the first half of 2021. According to Bureau of Transportation Statistics (BTS), US, the domestic air travel across the US experienced a 97% decrease in passenger revenue from February to April 2021. The Canadian and Mexican aviation industry also experienced similar trends. This impacted the civil aviation manufacturers leading to decline in demand for commercial aircrafts from the region. Therefore, the COVID-19 pandemic negatively impacted the commercial aircraft testing equipment market heavily. Further, after restarting the airline businesses, most airlines are operating with a minimum number of aircraft fleets. In addition, a substantial volume of aircraft fleet was sent to long-term storage as the demand declined post-re-opening of the airline business. This also hampered the market dynamics during the initial phase of 2021.
MARKET PLAYERS
The report covers key developments in the commercial aircraft testing equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the commercial aircraft testing equipment market are anticipated to provide lucrative growth opportunities in the future owing to growing growing investment from government in aerospace and defense sector.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the commercial aircraft testing equipment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Avtron Aerospace, Inc.
- BAE Systems
- Bauer Inc.
- ECA Group
- Hydraulics International Inc.
- Lockheed Martin Corporation
- Astronics Corporation
- Teradyne Inc.
- Testek Inc.,
- TEST-FUCHS GmbH
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Commercial Aircraft Testing Equipment Market - By Product Type
1.3.2 Commercial Aircraft Testing Equipment Market - By Aircraft Type
1.3.3 Commercial Aircraft Testing Equipment Market - By End User
1.3.4 Commercial Aircraft Testing Equipment Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COMMERCIAL AIRCRAFT TESTING EQUIPMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. COMMERCIAL AIRCRAFT TESTING EQUIPMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. COMMERCIAL AIRCRAFT TESTING EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. COMMERCIAL AIRCRAFT TESTING EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. COMMERCIAL AIRCRAFT TESTING EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. COMMERCIAL AIRCRAFT TESTING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. ELECTRICAL TEST EQUIPMENT
7.3.1. Overview
7.3.2. Electrical Test Equipment Market Forecast and Analysis
7.4. HYDRAULIC TEST EQUIPMENT
7.4.1. Overview
7.4.2. Hydraulic Test Equipment Market Forecast and Analysis
7.5. ENGINE TEST EQUIPMENT
7.5.1. Overview
7.5.2. Engine Test Equipment Market Forecast and Analysis
7.6. PNEUMATIC TEST EQUIPMENT
7.6.1. Overview
7.6.2. Pneumatic Test Equipment Market Forecast and Analysis
8. COMMERCIAL AIRCRAFT TESTING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - AIRCRAFT TYPE
8.1. OVERVIEW
8.2. AIRCRAFT TYPE MARKET FORECASTS AND ANALYSIS
8.3. MANNED
8.3.1. Overview
8.3.2. Manned Market Forecast and Analysis
8.4. UNMANNED
8.4.1. Overview
8.4.2. Unmanned Market Forecast and Analysis
9. COMMERCIAL AIRCRAFT TESTING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. COMMERCIAL
9.3.1. Overview
9.3.2. Commercial Market Forecast and Analysis
9.4. MILITARY
9.4.1. Overview
9.4.2. Military Market Forecast and Analysis
10. COMMERCIAL AIRCRAFT TESTING EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Commercial Aircraft Testing Equipment Market Overview
10.1.2 North America Commercial Aircraft Testing Equipment Market Forecasts and Analysis
10.1.3 North America Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By Product Type
10.1.4 North America Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By Aircraft Type
10.1.5 North America Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By End User
10.1.6 North America Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By Countries
10.1.6.1 United States Commercial Aircraft Testing Equipment Market
10.1.6.1.1 United States Commercial Aircraft Testing Equipment Market by Product Type
10.1.6.1.2 United States Commercial Aircraft Testing Equipment Market by Aircraft Type
10.1.6.1.3 United States Commercial Aircraft Testing Equipment Market by End User
10.1.6.2 Canada Commercial Aircraft Testing Equipment Market
10.1.6.2.1 Canada Commercial Aircraft Testing Equipment Market by Product Type
10.1.6.2.2 Canada Commercial Aircraft Testing Equipment Market by Aircraft Type
10.1.6.2.3 Canada Commercial Aircraft Testing Equipment Market by End User
10.1.6.3 Mexico Commercial Aircraft Testing Equipment Market
10.1.6.3.1 Mexico Commercial Aircraft Testing Equipment Market by Product Type
10.1.6.3.2 Mexico Commercial Aircraft Testing Equipment Market by Aircraft Type
10.1.6.3.3 Mexico Commercial Aircraft Testing Equipment Market by End User
10.2. EUROPE
10.2.1 Europe Commercial Aircraft Testing Equipment Market Overview
10.2.2 Europe Commercial Aircraft Testing Equipment Market Forecasts and Analysis
10.2.3 Europe Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By Product Type
10.2.4 Europe Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By Aircraft Type
10.2.5 Europe Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By End User
10.2.6 Europe Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Commercial Aircraft Testing Equipment Market
10.2.6.1.1 Germany Commercial Aircraft Testing Equipment Market by Product Type
10.2.6.1.2 Germany Commercial Aircraft Testing Equipment Market by Aircraft Type
10.2.6.1.3 Germany Commercial Aircraft Testing Equipment Market by End User
10.2.6.2 France Commercial Aircraft Testing Equipment Market
10.2.6.2.1 France Commercial Aircraft Testing Equipment Market by Product Type
10.2.6.2.2 France Commercial Aircraft Testing Equipment Market by Aircraft Type
10.2.6.2.3 France Commercial Aircraft Testing Equipment Market by End User
10.2.6.3 Italy Commercial Aircraft Testing Equipment Market
10.2.6.3.1 Italy Commercial Aircraft Testing Equipment Market by Product Type
10.2.6.3.2 Italy Commercial Aircraft Testing Equipment Market by Aircraft Type
10.2.6.3.3 Italy Commercial Aircraft Testing Equipment Market by End User
10.2.6.4 United Kingdom Commercial Aircraft Testing Equipment Market
10.2.6.4.1 United Kingdom Commercial Aircraft Testing Equipment Market by Product Type
10.2.6.4.2 United Kingdom Commercial Aircraft Testing Equipment Market by Aircraft Type
10.2.6.4.3 United Kingdom Commercial Aircraft Testing Equipment Market by End User
10.2.6.5 Russia Commercial Aircraft Testing Equipment Market
10.2.6.5.1 Russia Commercial Aircraft Testing Equipment Market by Product Type
10.2.6.5.2 Russia Commercial Aircraft Testing Equipment Market by Aircraft Type
10.2.6.5.3 Russia Commercial Aircraft Testing Equipment Market by End User
10.2.6.6 Rest of Europe Commercial Aircraft Testing Equipment Market
10.2.6.6.1 Rest of Europe Commercial Aircraft Testing Equipment Market by Product Type
10.2.6.6.2 Rest of Europe Commercial Aircraft Testing Equipment Market by Aircraft Type
10.2.6.6.3 Rest of Europe Commercial Aircraft Testing Equipment Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Commercial Aircraft Testing Equipment Market Overview
10.3.2 Asia-Pacific Commercial Aircraft Testing Equipment Market Forecasts and Analysis
10.3.3 Asia-Pacific Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By Aircraft Type
10.3.5 Asia-Pacific Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Commercial Aircraft Testing Equipment Market
10.3.6.1.1 Australia Commercial Aircraft Testing Equipment Market by Product Type
10.3.6.1.2 Australia Commercial Aircraft Testing Equipment Market by Aircraft Type
10.3.6.1.3 Australia Commercial Aircraft Testing Equipment Market by End User
10.3.6.2 China Commercial Aircraft Testing Equipment Market
10.3.6.2.1 China Commercial Aircraft Testing Equipment Market by Product Type
10.3.6.2.2 China Commercial Aircraft Testing Equipment Market by Aircraft Type
10.3.6.2.3 China Commercial Aircraft Testing Equipment Market by End User
10.3.6.3 India Commercial Aircraft Testing Equipment Market
10.3.6.3.1 India Commercial Aircraft Testing Equipment Market by Product Type
10.3.6.3.2 India Commercial Aircraft Testing Equipment Market by Aircraft Type
10.3.6.3.3 India Commercial Aircraft Testing Equipment Market by End User
10.3.6.4 Japan Commercial Aircraft Testing Equipment Market
10.3.6.4.1 Japan Commercial Aircraft Testing Equipment Market by Product Type
10.3.6.4.2 Japan Commercial Aircraft Testing Equipment Market by Aircraft Type
10.3.6.4.3 Japan Commercial Aircraft Testing Equipment Market by End User
10.3.6.5 South Korea Commercial Aircraft Testing Equipment Market
10.3.6.5.1 South Korea Commercial Aircraft Testing Equipment Market by Product Type
10.3.6.5.2 South Korea Commercial Aircraft Testing Equipment Market by Aircraft Type
10.3.6.5.3 South Korea Commercial Aircraft Testing Equipment Market by End User
10.3.6.6 Rest of Asia-Pacific Commercial Aircraft Testing Equipment Market
10.3.6.6.1 Rest of Asia-Pacific Commercial Aircraft Testing Equipment Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Commercial Aircraft Testing Equipment Market by Aircraft Type
10.3.6.6.3 Rest of Asia-Pacific Commercial Aircraft Testing Equipment Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Commercial Aircraft Testing Equipment Market Overview
10.4.2 Middle East and Africa Commercial Aircraft Testing Equipment Market Forecasts and Analysis
10.4.3 Middle East and Africa Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By Aircraft Type
10.4.5 Middle East and Africa Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Commercial Aircraft Testing Equipment Market
10.4.6.1.1 South Africa Commercial Aircraft Testing Equipment Market by Product Type
10.4.6.1.2 South Africa Commercial Aircraft Testing Equipment Market by Aircraft Type
10.4.6.1.3 South Africa Commercial Aircraft Testing Equipment Market by End User
10.4.6.2 Saudi Arabia Commercial Aircraft Testing Equipment Market
10.4.6.2.1 Saudi Arabia Commercial Aircraft Testing Equipment Market by Product Type
10.4.6.2.2 Saudi Arabia Commercial Aircraft Testing Equipment Market by Aircraft Type
10.4.6.2.3 Saudi Arabia Commercial Aircraft Testing Equipment Market by End User
10.4.6.3 U.A.E Commercial Aircraft Testing Equipment Market
10.4.6.3.1 U.A.E Commercial Aircraft Testing Equipment Market by Product Type
10.4.6.3.2 U.A.E Commercial Aircraft Testing Equipment Market by Aircraft Type
10.4.6.3.3 U.A.E Commercial Aircraft Testing Equipment Market by End User
10.4.6.4 Rest of Middle East and Africa Commercial Aircraft Testing Equipment Market
10.4.6.4.1 Rest of Middle East and Africa Commercial Aircraft Testing Equipment Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Commercial Aircraft Testing Equipment Market by Aircraft Type
10.4.6.4.3 Rest of Middle East and Africa Commercial Aircraft Testing Equipment Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Commercial Aircraft Testing Equipment Market Overview
10.5.2 South and Central America Commercial Aircraft Testing Equipment Market Forecasts and Analysis
10.5.3 South and Central America Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By Aircraft Type
10.5.5 South and Central America Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By End User
10.5.6 South and Central America Commercial Aircraft Testing Equipment Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Commercial Aircraft Testing Equipment Market
10.5.6.1.1 Brazil Commercial Aircraft Testing Equipment Market by Product Type
10.5.6.1.2 Brazil Commercial Aircraft Testing Equipment Market by Aircraft Type
10.5.6.1.3 Brazil Commercial Aircraft Testing Equipment Market by End User
10.5.6.2 Argentina Commercial Aircraft Testing Equipment Market
10.5.6.2.1 Argentina Commercial Aircraft Testing Equipment Market by Product Type
10.5.6.2.2 Argentina Commercial Aircraft Testing Equipment Market by Aircraft Type
10.5.6.2.3 Argentina Commercial Aircraft Testing Equipment Market by End User
10.5.6.3 Rest of South and Central America Commercial Aircraft Testing Equipment Market
10.5.6.3.1 Rest of South and Central America Commercial Aircraft Testing Equipment Market by Product Type
10.5.6.3.2 Rest of South and Central America Commercial Aircraft Testing Equipment Market by Aircraft Type
10.5.6.3.3 Rest of South and Central America Commercial Aircraft Testing Equipment Market by End User
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. COMMERCIAL AIRCRAFT TESTING EQUIPMENT MARKET, KEY COMPANY PROFILES
12.1. AVTRON AEROSPACE, INC.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BAE SYSTEMS
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. BAUER INC.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. ECA GROUP
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. HYDRAULICS INTERNATIONAL INC.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. LOCKHEED MARTIN CORPORATION
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. ASTRONICS CORPORATION
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. TERADYNE INC.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. TESTEK INC.,
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. TEST-FUCHS GMBH
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Avtron Aerospace, Inc.
2. BAE Systems
3. Bauer Inc.
4. ECA Group
5. Hydraulics International Inc.
6. Lockheed Martin Corporation
7. Astronics Corporation
8. Teradyne Inc.
9. Testek Inc.,
10. TEST-FUCHS GmbH
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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