Drogue Parachute Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Drogue Parachute Market covers analysis By Material Type (Silk Drogue Parachute, Nylon Drogue Parachute, Composite Material Drogue Parachute); Fit Type (First Fit, Retro Fit); End Use (Military Aircrafts, Commercial Aircrafts, Passenger and Civil Aircrafts) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00021933
  • Category : Aerospace and Defense
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

A Drogue Parachute is similar to conventional parachutes in that it is used to slow or stop a moving object. A drogue parachute is a small parachute used to slow down a returning satellite or spacecraft until the main parachute is deployed. A drogue parachute is a small parachute that is used to pull the main parachute from its storage bag. Since the coverage area of a drogue parachute is less than that of a traditional parachute, it produces less drag. While a Drogue Parachute cannot reduce an object's speed as effectively as a traditional parachutist, it can be used at speeds where conventional parachutes will be ripped apart. Drogue parachute is therefore easier to inflate and is known to be more effective than conventional parachute.

MARKET DYNAMICS

The growth of the drogue parachute market is fueled by factors such as an increasing emphasis on developing preventive safety equipment, as well as increased demand for civil aircraft. When the number of passengers flying increases across the world, so does the need for more planes. As a result, the production of aircraft, especially narrow-body aircraft, is growing. Drogue Parachute's sales are directly proportional to the number of aircraft produced and the total fleet of aircraft. During the forecast period, rising aircraft production, especially in developing countries, is expected to generate significant opportunities in the global Drogue Parachute market.

MARKET SCOPE

The "Global Drogue Parachute Market Analysis to 2028" is a specialized and in-depth study of the drogue parachute market with a special focus on the global market trend analysis. The report aims to provide an overview of drogue parachute market with detailed market segmentation by material type, fit type and end use. The global drogue parachute market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading drogue parachute market player and offers key trends and opportunities in the drogue parachute market.

MARKET SEGMENTATION

The global drogue parachute market is segmented on the basis of material type, fit type and end use. On the basis of material type the market is segmented as, silk drogue parachute, nylon drogue parachute, composite material drogue parachute. On the basis of fit type the market is segmented as, first fit, retro fit. Further, on the basis of end user the market is segmented as, military aircrafts, commercial aircrafts, passenger and civil aircrafts.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global drogue parachute market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The drogue parachute market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting drogue parachute market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting the factors affecting the drogue parachute market in these regions.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global drogue parachute market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The drogue parachute market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting drogue parachute market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting the factors affecting the drogue parachute market in these regions.

MARKET PLAYERS

The reports cover key developments in the drogue parachute market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from drogue parachute market are anticipated to lucrative growth opportunities in the future with the rising demand for drogue parachute market. Below mentioned is the list of few companies engaged in the drogue parachute market.

The report also includes the profiles of key drogue parachute market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

  •   Survival Equipment Services Ltd
  •   Mills Manufacturing
  •   The Rocketman
  •   Spherachutes
  •   SPEKON Company
  •   Butler Parachute Systems Inc
  •   Fruity Chutes
  •   IRVIN-GQ
  •   Collins Aerospace
  •   Life Support International, Inc

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Drogue Parachute Market - By Material Type
1.3.2 Drogue Parachute Market - By Fit Type
1.3.3 Drogue Parachute Market - By End Use
1.3.4 Drogue Parachute Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. DROGUE PARACHUTE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. DROGUE PARACHUTE 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. DROGUE PARACHUTE MARKET - GLOBAL MARKET ANALYSIS
6.1. DROGUE PARACHUTE - GLOBAL MARKET OVERVIEW
6.2. DROGUE PARACHUTE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. DROGUE PARACHUTE MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL TYPE
7.1. OVERVIEW
7.2. MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
7.3. SILK DROGUE PARACHUTE
7.3.1. Overview
7.3.2. Silk Drogue Parachute Market Forecast and Analysis
7.4. NYLON DROGUE PARACHUTE
7.4.1. Overview
7.4.2. Nylon Drogue Parachute Market Forecast and Analysis
7.5. COMPOSITE MATERIAL DROGUE PARACHUTE
7.5.1. Overview
7.5.2. Composite Material Drogue Parachute Market Forecast and Analysis
8. DROGUE PARACHUTE MARKET - REVENUE AND FORECASTS TO 2028 - FIT TYPE
8.1. OVERVIEW
8.2. FIT TYPE MARKET FORECASTS AND ANALYSIS
8.3. FIRST FIT
8.3.1. Overview
8.3.2. First Fit Market Forecast and Analysis
8.4. RETRO FIT
8.4.1. Overview
8.4.2. Retro Fit Market Forecast and Analysis
9. DROGUE PARACHUTE MARKET - REVENUE AND FORECASTS TO 2028 - END USE
9.1. OVERVIEW
9.2. END USE MARKET FORECASTS AND ANALYSIS
9.3. MILITARY AIRCRAFTS
9.3.1. Overview
9.3.2. Military Aircrafts Market Forecast and Analysis
9.4. COMMERCIAL AIRCRAFTS
9.4.1. Overview
9.4.2. Commercial Aircrafts Market Forecast and Analysis
9.5. PASSENGER AND CIVIL AIRCRAFTS
9.5.1. Overview
9.5.2. Passenger and Civil Aircrafts Market Forecast and Analysis

10. DROGUE PARACHUTE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Drogue Parachute Market Overview
10.1.2 North America Drogue Parachute Market Forecasts and Analysis
10.1.3 North America Drogue Parachute Market Forecasts and Analysis - By Material Type
10.1.4 North America Drogue Parachute Market Forecasts and Analysis - By Fit Type
10.1.5 North America Drogue Parachute Market Forecasts and Analysis - By End Use
10.1.6 North America Drogue Parachute Market Forecasts and Analysis - By Countries
10.1.6.1 United States Drogue Parachute Market
10.1.6.1.1 United States Drogue Parachute Market by Material Type
10.1.6.1.2 United States Drogue Parachute Market by Fit Type
10.1.6.1.3 United States Drogue Parachute Market by End Use
10.1.6.2 Canada Drogue Parachute Market
10.1.6.2.1 Canada Drogue Parachute Market by Material Type
10.1.6.2.2 Canada Drogue Parachute Market by Fit Type
10.1.6.2.3 Canada Drogue Parachute Market by End Use
10.1.6.3 Mexico Drogue Parachute Market
10.1.6.3.1 Mexico Drogue Parachute Market by Material Type
10.1.6.3.2 Mexico Drogue Parachute Market by Fit Type
10.1.6.3.3 Mexico Drogue Parachute Market by End Use
10.2. EUROPE
10.2.1 Europe Drogue Parachute Market Overview
10.2.2 Europe Drogue Parachute Market Forecasts and Analysis
10.2.3 Europe Drogue Parachute Market Forecasts and Analysis - By Material Type
10.2.4 Europe Drogue Parachute Market Forecasts and Analysis - By Fit Type
10.2.5 Europe Drogue Parachute Market Forecasts and Analysis - By End Use
10.2.6 Europe Drogue Parachute Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Drogue Parachute Market
10.2.6.1.1 Germany Drogue Parachute Market by Material Type
10.2.6.1.2 Germany Drogue Parachute Market by Fit Type
10.2.6.1.3 Germany Drogue Parachute Market by End Use
10.2.6.2 France Drogue Parachute Market
10.2.6.2.1 France Drogue Parachute Market by Material Type
10.2.6.2.2 France Drogue Parachute Market by Fit Type
10.2.6.2.3 France Drogue Parachute Market by End Use
10.2.6.3 Italy Drogue Parachute Market
10.2.6.3.1 Italy Drogue Parachute Market by Material Type
10.2.6.3.2 Italy Drogue Parachute Market by Fit Type
10.2.6.3.3 Italy Drogue Parachute Market by End Use
10.2.6.4 United Kingdom Drogue Parachute Market
10.2.6.4.1 United Kingdom Drogue Parachute Market by Material Type
10.2.6.4.2 United Kingdom Drogue Parachute Market by Fit Type
10.2.6.4.3 United Kingdom Drogue Parachute Market by End Use
10.2.6.5 Russia Drogue Parachute Market
10.2.6.5.1 Russia Drogue Parachute Market by Material Type
10.2.6.5.2 Russia Drogue Parachute Market by Fit Type
10.2.6.5.3 Russia Drogue Parachute Market by End Use
10.2.6.6 Rest of Europe Drogue Parachute Market
10.2.6.6.1 Rest of Europe Drogue Parachute Market by Material Type
10.2.6.6.2 Rest of Europe Drogue Parachute Market by Fit Type
10.2.6.6.3 Rest of Europe Drogue Parachute Market by End Use
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Drogue Parachute Market Overview
10.3.2 Asia-Pacific Drogue Parachute Market Forecasts and Analysis
10.3.3 Asia-Pacific Drogue Parachute Market Forecasts and Analysis - By Material Type
10.3.4 Asia-Pacific Drogue Parachute Market Forecasts and Analysis - By Fit Type
10.3.5 Asia-Pacific Drogue Parachute Market Forecasts and Analysis - By End Use
10.3.6 Asia-Pacific Drogue Parachute Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Drogue Parachute Market
10.3.6.1.1 Australia Drogue Parachute Market by Material Type
10.3.6.1.2 Australia Drogue Parachute Market by Fit Type
10.3.6.1.3 Australia Drogue Parachute Market by End Use
10.3.6.2 China Drogue Parachute Market
10.3.6.2.1 China Drogue Parachute Market by Material Type
10.3.6.2.2 China Drogue Parachute Market by Fit Type
10.3.6.2.3 China Drogue Parachute Market by End Use
10.3.6.3 India Drogue Parachute Market
10.3.6.3.1 India Drogue Parachute Market by Material Type
10.3.6.3.2 India Drogue Parachute Market by Fit Type
10.3.6.3.3 India Drogue Parachute Market by End Use
10.3.6.4 Japan Drogue Parachute Market
10.3.6.4.1 Japan Drogue Parachute Market by Material Type
10.3.6.4.2 Japan Drogue Parachute Market by Fit Type
10.3.6.4.3 Japan Drogue Parachute Market by End Use
10.3.6.5 South Korea Drogue Parachute Market
10.3.6.5.1 South Korea Drogue Parachute Market by Material Type
10.3.6.5.2 South Korea Drogue Parachute Market by Fit Type
10.3.6.5.3 South Korea Drogue Parachute Market by End Use
10.3.6.6 Rest of Asia-Pacific Drogue Parachute Market
10.3.6.6.1 Rest of Asia-Pacific Drogue Parachute Market by Material Type
10.3.6.6.2 Rest of Asia-Pacific Drogue Parachute Market by Fit Type
10.3.6.6.3 Rest of Asia-Pacific Drogue Parachute Market by End Use
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Drogue Parachute Market Overview
10.4.2 Middle East and Africa Drogue Parachute Market Forecasts and Analysis
10.4.3 Middle East and Africa Drogue Parachute Market Forecasts and Analysis - By Material Type
10.4.4 Middle East and Africa Drogue Parachute Market Forecasts and Analysis - By Fit Type
10.4.5 Middle East and Africa Drogue Parachute Market Forecasts and Analysis - By End Use
10.4.6 Middle East and Africa Drogue Parachute Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Drogue Parachute Market
10.4.6.1.1 South Africa Drogue Parachute Market by Material Type
10.4.6.1.2 South Africa Drogue Parachute Market by Fit Type
10.4.6.1.3 South Africa Drogue Parachute Market by End Use
10.4.6.2 Saudi Arabia Drogue Parachute Market
10.4.6.2.1 Saudi Arabia Drogue Parachute Market by Material Type
10.4.6.2.2 Saudi Arabia Drogue Parachute Market by Fit Type
10.4.6.2.3 Saudi Arabia Drogue Parachute Market by End Use
10.4.6.3 U.A.E Drogue Parachute Market
10.4.6.3.1 U.A.E Drogue Parachute Market by Material Type
10.4.6.3.2 U.A.E Drogue Parachute Market by Fit Type
10.4.6.3.3 U.A.E Drogue Parachute Market by End Use
10.4.6.4 Rest of Middle East and Africa Drogue Parachute Market
10.4.6.4.1 Rest of Middle East and Africa Drogue Parachute Market by Material Type
10.4.6.4.2 Rest of Middle East and Africa Drogue Parachute Market by Fit Type
10.4.6.4.3 Rest of Middle East and Africa Drogue Parachute Market by End Use
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Drogue Parachute Market Overview
10.5.2 South and Central America Drogue Parachute Market Forecasts and Analysis
10.5.3 South and Central America Drogue Parachute Market Forecasts and Analysis - By Material Type
10.5.4 South and Central America Drogue Parachute Market Forecasts and Analysis - By Fit Type
10.5.5 South and Central America Drogue Parachute Market Forecasts and Analysis - By End Use
10.5.6 South and Central America Drogue Parachute Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Drogue Parachute Market
10.5.6.1.1 Brazil Drogue Parachute Market by Material Type
10.5.6.1.2 Brazil Drogue Parachute Market by Fit Type
10.5.6.1.3 Brazil Drogue Parachute Market by End Use
10.5.6.2 Argentina Drogue Parachute Market
10.5.6.2.1 Argentina Drogue Parachute Market by Material Type
10.5.6.2.2 Argentina Drogue Parachute Market by Fit Type
10.5.6.2.3 Argentina Drogue Parachute Market by End Use
10.5.6.3 Rest of South and Central America Drogue Parachute Market
10.5.6.3.1 Rest of South and Central America Drogue Parachute Market by Material Type
10.5.6.3.2 Rest of South and Central America Drogue Parachute Market by Fit Type
10.5.6.3.3 Rest of South and Central America Drogue Parachute Market by End Use

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. DROGUE PARACHUTE MARKET, KEY COMPANY PROFILES
12.1. SURVIVAL EQUIPMENT SERVICES LTD
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. MILLS MANUFACTURING
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. THE ROCKETMAN
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. SPHERACHUTES
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. SPEKON COMPANY
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. BUTLER PARACHUTE SYSTEMS INC
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. FRUITY CHUTES
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. IRVIN-GQ
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. LIFE SUPPORT INTERNATIONAL, 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. COLLINS AEROSPACE
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
The List of Companies

1. Survival Equipment Services Ltd
2. Mills Manufacturing
3. The Rocketman
4. Spherachutes
5. SPEKON Company
6. Butler Parachute Systems Inc
7. Fruity Chutes
8. IRVIN-GQ
9. Life Support International, Inc
10. Collins Aerospace

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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