A full body scanner is a system used to detect objects inside or attached to a person's body for security application, without making physically contact or removing the clothes. These device showcases alternate-wavelength image of human body to the operator with an indicator showing where any suspicious items were detected of the person. The full body scanners are able to show the output of scan in single view, double view, or in 3D depending upon the technology.
MARKET DYNAMICS
The full body scanner market is experiencing significant growth owing to the increasing emphasis on national security. However, travel restriction due to the outbreak of COVID-19 can hamper the growth of full body scanner market. Meanwhile, the growing number of air passenger owing to rising disposable income among masses coupled increase in deployment of transport infrastructure development projects such as airports and railways is expected to flourish the full body scanner market.
MARKET SCOPE
The "Full Body Scanner 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 full body scanner market with detailed market segmentation by component, technology, output, detection, end use, and geography. The global full body scanner market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading full body scanner market players and offers key trends and opportunities in the full body scanner market.
MARKET SEGMENTATION
The global full body scanner market is segmented on the basis of component, technology, output, detection, and end user. Based on component, the market is segmented into software and hardware. Based on technology, the market is segmented into X-ray and millimeter wave. Based on output, the market is segmented into single view, double view, and 3D. On the basis of detection, the market is segmented as manual and automatic. On the basis of detection, the market is segmented as manual and automatic. On the basis of end use, the market is segmented as airports, railways & metro, and seaports.
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 full body scanner 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 full body scanner 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 full body scanner 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 for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the full body scanner market in these regions.
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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 full body scanner 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 full body scanner 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 full body scanner 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 for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the full body scanner market in these regions.
MARKET PLAYERS
The reports cover key developments in the full body scanner 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 full body scanner market are anticipated to lucrative growth opportunities in the future with the rising demand for full body scanner market. Below mentioned is the list of few companies engaged in the full body scanner market.
IMPACT OF COVID-19 ON FULL BODY SCANNER MARKET
The outbreak of COVID-19 has significantly impacted various industries including the aviation industry. As containment measures were imposed by governments across the globe such as travel restriction, and trade restriction. Thus, the imposition of such measures affected revenue streams of airports which subsequently affected to adoption of advanced operational systems including full body scanners. However, as containment measures were relaxed, the adoption of full body scanner started gaining traction as countries reopened their boarders for international passengers from Q1 of 2021 which subsequently augmented the demand for full body scanners.
The report also includes the profiles of key full body scanner 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.
Smiths Detection Group Ltd.
Leidos
Rapiscan Systems
Mistral Solutions Pvt. Ltd
Tek84, Inc.
Westminster Group Plc
NUCTECH COMPANY LIMITED
Braun and Co. Limited.
Brijot
Rohde & Schwarz
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 Full-body Scanners Market - By Component
1.3.2 Full-body Scanners Market - By Technology
1.3.3 Full-body Scanners Market - By Output
1.3.4 Full-body Scanners Market - By Detection
1.3.5 Full-body Scanners Market - By End Use
1.3.6 Full-body Scanners Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FULL-BODY SCANNERS 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. FULL-BODY SCANNERS 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. FULL-BODY SCANNERS MARKET - GLOBAL MARKET ANALYSIS
6.1. FULL-BODY SCANNERS - GLOBAL MARKET OVERVIEW
6.2. FULL-BODY SCANNERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. FULL-BODY SCANNERS MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. HARDWARE
7.4.1. Overview
7.4.2. Hardware Market Forecast and Analysis
8. FULL-BODY SCANNERS MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. X-RAY
8.3.1. Overview
8.3.2. X-Ray Market Forecast and Analysis
8.4. MILLIMETER WAVE
8.4.1. Overview
8.4.2. Millimeter Wave Market Forecast and Analysis
9. FULL-BODY SCANNERS MARKET - REVENUE AND FORECASTS TO 2028 - OUTPUT
9.1. OVERVIEW
9.2. OUTPUT MARKET FORECASTS AND ANALYSIS
9.3. SINGLE VIEW
9.3.1. Overview
9.3.2. Single View Market Forecast and Analysis
9.4. DOUBLE VIEW
9.4.1. Overview
9.4.2. Double View Market Forecast and Analysis
9.5. 3D
9.5.1. Overview
9.5.2. 3D Market Forecast and Analysis
10. FULL-BODY SCANNERS MARKET - REVENUE AND FORECASTS TO 2028 - DETECTION
10.1. OVERVIEW
10.2. DETECTION MARKET FORECASTS AND ANALYSIS
10.3. MANUAL
10.3.1. Overview
10.3.2. Manual Market Forecast and Analysis
10.4. AUTOMATIC
10.4.1. Overview
10.4.2. Automatic Market Forecast and Analysis
11. FULL-BODY SCANNERS MARKET - REVENUE AND FORECASTS TO 2028 - END USE
11.1. OVERVIEW
11.2. END USE MARKET FORECASTS AND ANALYSIS
11.3. AIRPORTS
11.3.1. Overview
11.3.2. Airports Market Forecast and Analysis
11.4. RAILWAYS AND METRO
11.4.1. Overview
11.4.2. Railways and Metro Market Forecast and Analysis
11.5. SEAPORTS
11.5.1. Overview
11.5.2. Seaports Market Forecast and Analysis
12. FULL-BODY SCANNERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Full-body Scanners Market Overview
12.1.2 North America Full-body Scanners Market Forecasts and Analysis
12.1.3 North America Full-body Scanners Market Forecasts and Analysis - By Component
12.1.4 North America Full-body Scanners Market Forecasts and Analysis - By Technology
12.1.5 North America Full-body Scanners Market Forecasts and Analysis - By Output
12.1.6 North America Full-body Scanners Market Forecasts and Analysis - By Detection
12.1.7 North America Full-body Scanners Market Forecasts and Analysis - By End Use
12.1.8 North America Full-body Scanners Market Forecasts and Analysis - By Countries
12.1.8.1 United States Full-body Scanners Market
12.1.8.1.1 United States Full-body Scanners Market by Component
12.1.8.1.2 United States Full-body Scanners Market by Technology
12.1.8.1.3 United States Full-body Scanners Market by Output
12.1.8.1.4 United States Full-body Scanners Market by Detection
12.1.8.1.5 United States Full-body Scanners Market by End Use
12.1.8.2 Canada Full-body Scanners Market
12.1.8.2.1 Canada Full-body Scanners Market by Component
12.1.8.2.2 Canada Full-body Scanners Market by Technology
12.1.8.2.3 Canada Full-body Scanners Market by Output
12.1.8.2.4 Canada Full-body Scanners Market by Detection
12.1.8.2.5 Canada Full-body Scanners Market by End Use
12.1.8.3 Mexico Full-body Scanners Market
12.1.8.3.1 Mexico Full-body Scanners Market by Component
12.1.8.3.2 Mexico Full-body Scanners Market by Technology
12.1.8.3.3 Mexico Full-body Scanners Market by Output
12.1.8.3.4 Mexico Full-body Scanners Market by Detection
12.1.8.3.5 Mexico Full-body Scanners Market by End Use
12.2. EUROPE
12.2.1 Europe Full-body Scanners Market Overview
12.2.2 Europe Full-body Scanners Market Forecasts and Analysis
12.2.3 Europe Full-body Scanners Market Forecasts and Analysis - By Component
12.2.4 Europe Full-body Scanners Market Forecasts and Analysis - By Technology
12.2.5 Europe Full-body Scanners Market Forecasts and Analysis - By Output
12.2.6 Europe Full-body Scanners Market Forecasts and Analysis - By Detection
12.2.7 Europe Full-body Scanners Market Forecasts and Analysis - By End Use
12.2.8 Europe Full-body Scanners Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Full-body Scanners Market
12.2.8.1.1 Germany Full-body Scanners Market by Component
12.2.8.1.2 Germany Full-body Scanners Market by Technology
12.2.8.1.3 Germany Full-body Scanners Market by Output
12.2.8.1.4 Germany Full-body Scanners Market by Detection
12.2.8.1.5 Germany Full-body Scanners Market by End Use
12.2.8.2 France Full-body Scanners Market
12.2.8.2.1 France Full-body Scanners Market by Component
12.2.8.2.2 France Full-body Scanners Market by Technology
12.2.8.2.3 France Full-body Scanners Market by Output
12.2.8.2.4 France Full-body Scanners Market by Detection
12.2.8.2.5 France Full-body Scanners Market by End Use
12.2.8.3 Italy Full-body Scanners Market
12.2.8.3.1 Italy Full-body Scanners Market by Component
12.2.8.3.2 Italy Full-body Scanners Market by Technology
12.2.8.3.3 Italy Full-body Scanners Market by Output
12.2.8.3.4 Italy Full-body Scanners Market by Detection
12.2.8.3.5 Italy Full-body Scanners Market by End Use
12.2.8.4 United Kingdom Full-body Scanners Market
12.2.8.4.1 United Kingdom Full-body Scanners Market by Component
12.2.8.4.2 United Kingdom Full-body Scanners Market by Technology
12.2.8.4.3 United Kingdom Full-body Scanners Market by Output
12.2.8.4.4 United Kingdom Full-body Scanners Market by Detection
12.2.8.4.5 United Kingdom Full-body Scanners Market by End Use
12.2.8.5 Russia Full-body Scanners Market
12.2.8.5.1 Russia Full-body Scanners Market by Component
12.2.8.5.2 Russia Full-body Scanners Market by Technology
12.2.8.5.3 Russia Full-body Scanners Market by Output
12.2.8.5.4 Russia Full-body Scanners Market by Detection
12.2.8.5.5 Russia Full-body Scanners Market by End Use
12.2.8.6 Rest of Europe Full-body Scanners Market
12.2.8.6.1 Rest of Europe Full-body Scanners Market by Component
12.2.8.6.2 Rest of Europe Full-body Scanners Market by Technology
12.2.8.6.3 Rest of Europe Full-body Scanners Market by Output
12.2.8.6.4 Rest of Europe Full-body Scanners Market by Detection
12.2.8.6.5 Rest of Europe Full-body Scanners Market by End Use
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Full-body Scanners Market Overview
12.3.2 Asia-Pacific Full-body Scanners Market Forecasts and Analysis
12.3.3 Asia-Pacific Full-body Scanners Market Forecasts and Analysis - By Component
12.3.4 Asia-Pacific Full-body Scanners Market Forecasts and Analysis - By Technology
12.3.5 Asia-Pacific Full-body Scanners Market Forecasts and Analysis - By Output
12.3.6 Asia-Pacific Full-body Scanners Market Forecasts and Analysis - By Detection
12.3.7 Asia-Pacific Full-body Scanners Market Forecasts and Analysis - By End Use
12.3.8 Asia-Pacific Full-body Scanners Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Full-body Scanners Market
12.3.8.1.1 Australia Full-body Scanners Market by Component
12.3.8.1.2 Australia Full-body Scanners Market by Technology
12.3.8.1.3 Australia Full-body Scanners Market by Output
12.3.8.1.4 Australia Full-body Scanners Market by Detection
12.3.8.1.5 Australia Full-body Scanners Market by End Use
12.3.8.2 China Full-body Scanners Market
12.3.8.2.1 China Full-body Scanners Market by Component
12.3.8.2.2 China Full-body Scanners Market by Technology
12.3.8.2.3 China Full-body Scanners Market by Output
12.3.8.2.4 China Full-body Scanners Market by Detection
12.3.8.2.5 China Full-body Scanners Market by End Use
12.3.8.3 India Full-body Scanners Market
12.3.8.3.1 India Full-body Scanners Market by Component
12.3.8.3.2 India Full-body Scanners Market by Technology
12.3.8.3.3 India Full-body Scanners Market by Output
12.3.8.3.4 India Full-body Scanners Market by Detection
12.3.8.3.5 India Full-body Scanners Market by End Use
12.3.8.4 Japan Full-body Scanners Market
12.3.8.4.1 Japan Full-body Scanners Market by Component
12.3.8.4.2 Japan Full-body Scanners Market by Technology
12.3.8.4.3 Japan Full-body Scanners Market by Output
12.3.8.4.4 Japan Full-body Scanners Market by Detection
12.3.8.4.5 Japan Full-body Scanners Market by End Use
12.3.8.5 South Korea Full-body Scanners Market
12.3.8.5.1 South Korea Full-body Scanners Market by Component
12.3.8.5.2 South Korea Full-body Scanners Market by Technology
12.3.8.5.3 South Korea Full-body Scanners Market by Output
12.3.8.5.4 South Korea Full-body Scanners Market by Detection
12.3.8.5.5 South Korea Full-body Scanners Market by End Use
12.3.8.6 Rest of Asia-Pacific Full-body Scanners Market
12.3.8.6.1 Rest of Asia-Pacific Full-body Scanners Market by Component
12.3.8.6.2 Rest of Asia-Pacific Full-body Scanners Market by Technology
12.3.8.6.3 Rest of Asia-Pacific Full-body Scanners Market by Output
12.3.8.6.4 Rest of Asia-Pacific Full-body Scanners Market by Detection
12.3.8.6.5 Rest of Asia-Pacific Full-body Scanners Market by End Use
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Full-body Scanners Market Overview
12.4.2 Middle East and Africa Full-body Scanners Market Forecasts and Analysis
12.4.3 Middle East and Africa Full-body Scanners Market Forecasts and Analysis - By Component
12.4.4 Middle East and Africa Full-body Scanners Market Forecasts and Analysis - By Technology
12.4.5 Middle East and Africa Full-body Scanners Market Forecasts and Analysis - By Output
12.4.6 Middle East and Africa Full-body Scanners Market Forecasts and Analysis - By Detection
12.4.7 Middle East and Africa Full-body Scanners Market Forecasts and Analysis - By End Use
12.4.8 Middle East and Africa Full-body Scanners Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Full-body Scanners Market
12.4.8.1.1 South Africa Full-body Scanners Market by Component
12.4.8.1.2 South Africa Full-body Scanners Market by Technology
12.4.8.1.3 South Africa Full-body Scanners Market by Output
12.4.8.1.4 South Africa Full-body Scanners Market by Detection
12.4.8.1.5 South Africa Full-body Scanners Market by End Use
12.4.8.2 Saudi Arabia Full-body Scanners Market
12.4.8.2.1 Saudi Arabia Full-body Scanners Market by Component
12.4.8.2.2 Saudi Arabia Full-body Scanners Market by Technology
12.4.8.2.3 Saudi Arabia Full-body Scanners Market by Output
12.4.8.2.4 Saudi Arabia Full-body Scanners Market by Detection
12.4.8.2.5 Saudi Arabia Full-body Scanners Market by End Use
12.4.8.3 U.A.E Full-body Scanners Market
12.4.8.3.1 U.A.E Full-body Scanners Market by Component
12.4.8.3.2 U.A.E Full-body Scanners Market by Technology
12.4.8.3.3 U.A.E Full-body Scanners Market by Output
12.4.8.3.4 U.A.E Full-body Scanners Market by Detection
12.4.8.3.5 U.A.E Full-body Scanners Market by End Use
12.4.8.4 Rest of Middle East and Africa Full-body Scanners Market
12.4.8.4.1 Rest of Middle East and Africa Full-body Scanners Market by Component
12.4.8.4.2 Rest of Middle East and Africa Full-body Scanners Market by Technology
12.4.8.4.3 Rest of Middle East and Africa Full-body Scanners Market by Output
12.4.8.4.4 Rest of Middle East and Africa Full-body Scanners Market by Detection
12.4.8.4.5 Rest of Middle East and Africa Full-body Scanners Market by End Use
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Full-body Scanners Market Overview
12.5.2 South and Central America Full-body Scanners Market Forecasts and Analysis
12.5.3 South and Central America Full-body Scanners Market Forecasts and Analysis - By Component
12.5.4 South and Central America Full-body Scanners Market Forecasts and Analysis - By Technology
12.5.5 South and Central America Full-body Scanners Market Forecasts and Analysis - By Output
12.5.6 South and Central America Full-body Scanners Market Forecasts and Analysis - By Detection
12.5.7 South and Central America Full-body Scanners Market Forecasts and Analysis - By End Use
12.5.8 South and Central America Full-body Scanners Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Full-body Scanners Market
12.5.8.1.1 Brazil Full-body Scanners Market by Component
12.5.8.1.2 Brazil Full-body Scanners Market by Technology
12.5.8.1.3 Brazil Full-body Scanners Market by Output
12.5.8.1.4 Brazil Full-body Scanners Market by Detection
12.5.8.1.5 Brazil Full-body Scanners Market by End Use
12.5.8.2 Rest of South and Central America Full-body Scanners Market
12.5.8.2.1 Rest of South and Central America Full-body Scanners Market by Component
12.5.8.2.2 Rest of South and Central America Full-body Scanners Market by Technology
12.5.8.2.3 Rest of South and Central America Full-body Scanners Market by Output
12.5.8.2.4 Rest of South and Central America Full-body Scanners Market by Detection
12.5.8.2.5 Rest of South and Central America Full-body Scanners Market by End Use
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. FULL-BODY SCANNERS MARKET, KEY COMPANY PROFILES
14.1. SMITHS DETECTION GROUP LTD.
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. LEIDOS
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. RAPISCAN SYSTEMS
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. MISTRAL SOLUTIONS PVT. LTD
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. TEK84, INC.
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. WESTMINSTER GROUP PLC
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. NUCTECH COMPANY LIMITED
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. BRAUN AND CO. LIMITED.
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. BRIJOT
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. ROHDE AND SCHWARZ
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. Smiths Detection Group Ltd.
2. Leidos
3. Rapiscan Systems
4. Mistral Solutions Pvt. Ltd
5. Tek84, Inc.
6. Westminster Group Plc
7. NUCTECH COMPANY LIMITED
8. Braun and Co. Limited.
9. Brijot
10. Rohde and Schwarz
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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