Electromagnetic weapons uses electromagnetic energy for causing disruption to the functioning of target object. The electromagnetic weapon hampers the functioning of electronic equipment at lower level, while high level of electromagnetic pulses can cause damage physical objects such as aircraft structures and buildings. With the advancement electromagnetic, armed forces have weaponized the technology. Using EMP interference can disruptive or damaging to electronic equipment of energy's arsenals causing significant infrastructural damage.
MARKET DYNAMICS
The electromagnetic weapons market is experiencing significant growth owing to the increasing use electronics and connected equipment and weapons system by armed forces. However, increasing adoption of EMP shielding components is hampering the growth of electromagnetic weapons market. Meanwhile, the increasing defense budgets of governments across the globe for procuring advance weapons is expected to flourish the electromagnetic weapons market.
MARKET SCOPE
The "Electromagnetic weapons Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense with a special focus on the global market trend analysis. The report aims to provide an overview of electromagnetic weapons market with detailed market segmentation by product, platform, application, and geography. The global electromagnetic weapons market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electromagnetic weapons market players and offers key trends and opportunities in the electromagnetic weapons market.
MARKET SEGMENTATION
The global electromagnetic weapons market is segmented on the basis of product, platform, and application. Based on product, the market is segmented into lethal weapons and non-lethal weapons. On the basis of platform, the market is segmented as land, air, and naval. On the basis of application, the market is segmented as homeland security and military.
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 electromagnetic weapons market based on various segments. It also provides market size and forecast estimates from year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electromagnetic weapons 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 electromagnetic weapons 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 Porters Five Forces analysis highlighting the factors affecting the electromagnetic weapons market in these regions.
IMPACT OF COVID-19 ON ELECTROMAGNETIC WEAPONS MARKET
The outbreak of the COVID-19 has severely impacted the defense and related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption has had leave an impact on the defense industry. However, the pandemic has proved that careful coordination is required between all border agencies to ensure effective security measures. Moreover, demand for defense related products such as electromagnetic weapons will remain unaffected as the budgets for defense related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electromagnetic weapons market based on various segments. It also provides market size and forecast estimates from year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electromagnetic weapons 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 electromagnetic weapons 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 Porters Five Forces analysis highlighting the factors affecting the electromagnetic weapons market in these regions.
IMPACT OF COVID-19 ON ELECTROMAGNETIC WEAPONS MARKET
The outbreak of the COVID-19 has severely impacted the defense and related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption has had leave an impact on the defense industry. However, the pandemic has proved that careful coordination is required between all border agencies to ensure effective security measures. Moreover, demand for defense related products such as electromagnetic weapons will remain unaffected as the budgets for defense related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense.
MARKET PLAYERS
The reports cover key developments in the electromagnetic weapons market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the 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 electromagnetic weapons market are anticipated to lucrative growth opportunities in the future with the rising demand for electromagnetic weapons market. Below mentioned is the list of few companies engaged in the electromagnetic weapons market.
The report also includes the profiles of key electromagnetic weapons 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.
- Raytheon Technologies
- Northrop Grumman
- Lockheed Martin Corporation
- Thales Group
- BAE Systems
- L3Harris Technologies, Inc.
- Dassault Aviation
- General Atomics
- Saab
- Leonardo S.p.A
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electromagnetic Weapons Market - By Product
1.3.2 Electromagnetic Weapons Market - By Platform
1.3.3 Electromagnetic Weapons Market - By Application
1.3.4 Electromagnetic Weapons Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ELECTROMAGNETIC WEAPONS 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. ELECTROMAGNETIC WEAPONS 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. ELECTROMAGNETIC WEAPONS MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTROMAGNETIC WEAPONS - GLOBAL MARKET OVERVIEW
6.2. ELECTROMAGNETIC WEAPONS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ELECTROMAGNETIC WEAPONS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. LETHAL WEAPONS
7.3.1. Overview
7.3.2. Lethal Weapons Market Forecast and Analysis
7.4. NON-LETHAL WEAPONS
7.4.1. Overview
7.4.2. Non-lethal Weapons Market Forecast and Analysis
8. ELECTROMAGNETIC WEAPONS MARKET - REVENUE AND FORECASTS TO 2028 - PLATFORM
8.1. OVERVIEW
8.2. PLATFORM MARKET FORECASTS AND ANALYSIS
8.3. LAND
8.3.1. Overview
8.3.2. Land Market Forecast and Analysis
8.4. AIR
8.4.1. Overview
8.4.2. Air Market Forecast and Analysis
8.5. NAVAL
8.5.1. Overview
8.5.2. Naval Market Forecast and Analysis
9. ELECTROMAGNETIC WEAPONS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. HOMELAND SECURITY
9.3.1. Overview
9.3.2. Homeland Security Market Forecast and Analysis
9.4. MILITARY
9.4.1. Overview
9.4.2. Military Market Forecast and Analysis
10. ELECTROMAGNETIC WEAPONS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Electromagnetic Weapons Market Overview
10.1.2 North America Electromagnetic Weapons Market Forecasts and Analysis
10.1.3 North America Electromagnetic Weapons Market Forecasts and Analysis - By Product
10.1.4 North America Electromagnetic Weapons Market Forecasts and Analysis - By Platform
10.1.5 North America Electromagnetic Weapons Market Forecasts and Analysis - By Application
10.1.6 North America Electromagnetic Weapons Market Forecasts and Analysis - By Countries
10.1.6.1 United States Electromagnetic Weapons Market
10.1.6.1.1 United States Electromagnetic Weapons Market by Product
10.1.6.1.2 United States Electromagnetic Weapons Market by Platform
10.1.6.1.3 United States Electromagnetic Weapons Market by Application
10.1.6.2 Canada Electromagnetic Weapons Market
10.1.6.2.1 Canada Electromagnetic Weapons Market by Product
10.1.6.2.2 Canada Electromagnetic Weapons Market by Platform
10.1.6.2.3 Canada Electromagnetic Weapons Market by Application
10.1.6.3 Mexico Electromagnetic Weapons Market
10.1.6.3.1 Mexico Electromagnetic Weapons Market by Product
10.1.6.3.2 Mexico Electromagnetic Weapons Market by Platform
10.1.6.3.3 Mexico Electromagnetic Weapons Market by Application
10.2. EUROPE
10.2.1 Europe Electromagnetic Weapons Market Overview
10.2.2 Europe Electromagnetic Weapons Market Forecasts and Analysis
10.2.3 Europe Electromagnetic Weapons Market Forecasts and Analysis - By Product
10.2.4 Europe Electromagnetic Weapons Market Forecasts and Analysis - By Platform
10.2.5 Europe Electromagnetic Weapons Market Forecasts and Analysis - By Application
10.2.6 Europe Electromagnetic Weapons Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Electromagnetic Weapons Market
10.2.6.1.1 Germany Electromagnetic Weapons Market by Product
10.2.6.1.2 Germany Electromagnetic Weapons Market by Platform
10.2.6.1.3 Germany Electromagnetic Weapons Market by Application
10.2.6.2 France Electromagnetic Weapons Market
10.2.6.2.1 France Electromagnetic Weapons Market by Product
10.2.6.2.2 France Electromagnetic Weapons Market by Platform
10.2.6.2.3 France Electromagnetic Weapons Market by Application
10.2.6.3 Italy Electromagnetic Weapons Market
10.2.6.3.1 Italy Electromagnetic Weapons Market by Product
10.2.6.3.2 Italy Electromagnetic Weapons Market by Platform
10.2.6.3.3 Italy Electromagnetic Weapons Market by Application
10.2.6.4 United Kingdom Electromagnetic Weapons Market
10.2.6.4.1 United Kingdom Electromagnetic Weapons Market by Product
10.2.6.4.2 United Kingdom Electromagnetic Weapons Market by Platform
10.2.6.4.3 United Kingdom Electromagnetic Weapons Market by Application
10.2.6.5 Russia Electromagnetic Weapons Market
10.2.6.5.1 Russia Electromagnetic Weapons Market by Product
10.2.6.5.2 Russia Electromagnetic Weapons Market by Platform
10.2.6.5.3 Russia Electromagnetic Weapons Market by Application
10.2.6.6 Rest of Europe Electromagnetic Weapons Market
10.2.6.6.1 Rest of Europe Electromagnetic Weapons Market by Product
10.2.6.6.2 Rest of Europe Electromagnetic Weapons Market by Platform
10.2.6.6.3 Rest of Europe Electromagnetic Weapons Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Electromagnetic Weapons Market Overview
10.3.2 Asia-Pacific Electromagnetic Weapons Market Forecasts and Analysis
10.3.3 Asia-Pacific Electromagnetic Weapons Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Electromagnetic Weapons Market Forecasts and Analysis - By Platform
10.3.5 Asia-Pacific Electromagnetic Weapons Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Electromagnetic Weapons Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Electromagnetic Weapons Market
10.3.6.1.1 Australia Electromagnetic Weapons Market by Product
10.3.6.1.2 Australia Electromagnetic Weapons Market by Platform
10.3.6.1.3 Australia Electromagnetic Weapons Market by Application
10.3.6.2 China Electromagnetic Weapons Market
10.3.6.2.1 China Electromagnetic Weapons Market by Product
10.3.6.2.2 China Electromagnetic Weapons Market by Platform
10.3.6.2.3 China Electromagnetic Weapons Market by Application
10.3.6.3 India Electromagnetic Weapons Market
10.3.6.3.1 India Electromagnetic Weapons Market by Product
10.3.6.3.2 India Electromagnetic Weapons Market by Platform
10.3.6.3.3 India Electromagnetic Weapons Market by Application
10.3.6.4 Japan Electromagnetic Weapons Market
10.3.6.4.1 Japan Electromagnetic Weapons Market by Product
10.3.6.4.2 Japan Electromagnetic Weapons Market by Platform
10.3.6.4.3 Japan Electromagnetic Weapons Market by Application
10.3.6.5 South Korea Electromagnetic Weapons Market
10.3.6.5.1 South Korea Electromagnetic Weapons Market by Product
10.3.6.5.2 South Korea Electromagnetic Weapons Market by Platform
10.3.6.5.3 South Korea Electromagnetic Weapons Market by Application
10.3.6.6 Rest of Asia-Pacific Electromagnetic Weapons Market
10.3.6.6.1 Rest of Asia-Pacific Electromagnetic Weapons Market by Product
10.3.6.6.2 Rest of Asia-Pacific Electromagnetic Weapons Market by Platform
10.3.6.6.3 Rest of Asia-Pacific Electromagnetic Weapons Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Electromagnetic Weapons Market Overview
10.4.2 Middle East and Africa Electromagnetic Weapons Market Forecasts and Analysis
10.4.3 Middle East and Africa Electromagnetic Weapons Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Electromagnetic Weapons Market Forecasts and Analysis - By Platform
10.4.5 Middle East and Africa Electromagnetic Weapons Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Electromagnetic Weapons Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Electromagnetic Weapons Market
10.4.6.1.1 South Africa Electromagnetic Weapons Market by Product
10.4.6.1.2 South Africa Electromagnetic Weapons Market by Platform
10.4.6.1.3 South Africa Electromagnetic Weapons Market by Application
10.4.6.2 Saudi Arabia Electromagnetic Weapons Market
10.4.6.2.1 Saudi Arabia Electromagnetic Weapons Market by Product
10.4.6.2.2 Saudi Arabia Electromagnetic Weapons Market by Platform
10.4.6.2.3 Saudi Arabia Electromagnetic Weapons Market by Application
10.4.6.3 U.A.E Electromagnetic Weapons Market
10.4.6.3.1 U.A.E Electromagnetic Weapons Market by Product
10.4.6.3.2 U.A.E Electromagnetic Weapons Market by Platform
10.4.6.3.3 U.A.E Electromagnetic Weapons Market by Application
10.4.6.4 Rest of Middle East and Africa Electromagnetic Weapons Market
10.4.6.4.1 Rest of Middle East and Africa Electromagnetic Weapons Market by Product
10.4.6.4.2 Rest of Middle East and Africa Electromagnetic Weapons Market by Platform
10.4.6.4.3 Rest of Middle East and Africa Electromagnetic Weapons Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Electromagnetic Weapons Market Overview
10.5.2 South and Central America Electromagnetic Weapons Market Forecasts and Analysis
10.5.3 South and Central America Electromagnetic Weapons Market Forecasts and Analysis - By Product
10.5.4 South and Central America Electromagnetic Weapons Market Forecasts and Analysis - By Platform
10.5.5 South and Central America Electromagnetic Weapons Market Forecasts and Analysis - By Application
10.5.6 South and Central America Electromagnetic Weapons Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Electromagnetic Weapons Market
10.5.6.1.1 Brazil Electromagnetic Weapons Market by Product
10.5.6.1.2 Brazil Electromagnetic Weapons Market by Platform
10.5.6.1.3 Brazil Electromagnetic Weapons Market by Application
10.5.6.2 Rest of South and Central America Electromagnetic Weapons Market
10.5.6.2.1 Rest of South and Central America Electromagnetic Weapons Market by Product
10.5.6.2.2 Rest of South and Central America Electromagnetic Weapons Market by Platform
10.5.6.2.3 Rest of South and Central America Electromagnetic Weapons Market by Application
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. ELECTROMAGNETIC WEAPONS MARKET, KEY COMPANY PROFILES
12.1. RAYTHEON TECHNOLOGIES
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. NORTHROP GRUMMAN
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. LOCKHEED MARTIN CORPORATION
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. THALES 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. BAE SYSTEMS
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. L3HARRIS TECHNOLOGIES, 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. DASSAULT AVIATION
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. GENERAL ATOMICS
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. SAAB
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. LEONARDO S.P.A
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. Raytheon Technologies
2. Northrop Grumman
3. Lockheed Martin Corporation
4. Thales Group
5. BAE Systems
6. L3Harris Technologies, Inc.
7. Dassault Aviation
8. General Atomics
9. Saab
10. Leonardo S.p.A
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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